“What would you like to talk about this time?” I asked my boss, after walking into his office. “Well, I’d like to have a conversation for the issuers,” replied Rick Rule, Chairman of Sprott US Holdings, “in terms of what we look for, before giving a company our client’s money. What do you think?” “I… Continue Reading
At the recent Precious Metals Summit in Zurich on Nov. 4, Gianni Kovacevic hosted a fireside chat with two of the most successful mining entrepreneurs in our history: Ross Beaty and Lukas Lundin. Mr. Kovacevic is chairman of CopperBank (CBK:CSE), which is accumulating copper deposits in this market. I watched the hour-long discussion and wanted to summarize… Continue Reading
Christmas came early for Lucara CEO William Lamb, and it took the shape of a near-tennis-ball-sized diamond that captured the world’s imagination and the market’s attention. Lucara shares surged 49 cents, or 30.43%, to a close of $2.10 on heavy trading Thursday on the Toronto Stock Exchange, adding about $200 million to the company’s market… Continue Reading
Lucara Diamond Corp’s (TSX: LUC) third quarter results, released on November 5th, showed a strong average price-per-carat sold in the period, primarily driven by the previously released results from the first “exceptional” diamond sale of the year (those estimated to sell for at least $1 million) and a overall greater recovery of higher-value stones in… Continue Reading
Fission Uranium CEO Dev Randhawa says he’s determined to fight through both negative market sentiment and the opposition of some retail shareholders who want him to step down after the failed merger with Denison Mines. Randhawa said in a phone interview late this morning that it’s business as usual as he advances and markets Fission’s… Continue Reading
The Athabasca Basin is back in play after a planned merger between Denison Mines and Fission Uranium fizzled, the companies announced this morning. Two-thirds approval was required from Fission shareholders but they shot down the much-criticized all-share deal, which had dragged down the stocks of both companies since it was announced July 6. News release:… Continue Reading
Pebble deposit developer Northern Dynasty Minerals this morning announced the purchase of Mission Gold, David Lowell’s vehicle for developing the Alto Parana titanium project in Paraguay. Lowell, an accomplished mine finder who literally wrote the book on copper porphyry deposits with the Lowell-Guilbert Model, is Mission Gold’s chairman and CEO. With Mission Gold comes $9… Continue Reading
The Athabasca Basin in northern Saskatchewan was the focus on Bay Street in Toronto Tuesday at a sometimes-tense shareholder town hall meeting about the merger of Fission Uranium and Denison Mines. Live chat thread from today’s event starts here. Many Fission shareholders oppose the deal, feeling neither the timing nor the price was right. One… Continue Reading
Even amid the worst commodities downturn in recent history, the Lundin Group of natural resources concerns is still worth an astounding $9-10 billion. This from Lundin family investment manager Lukas Lundin, who joined Andrew Bell’s Commodities program on BNN Television Tuesday. I am not 100% sure, but I think this is Mr. Lundin’s first appearance on BNN (other… Continue Reading
In a junior mining sector where financing drought continues to be the rule, Kaminak Gold continues to cash in and attract deep-pocketed shareholders. On Monday the Yukon gold developer announced a $22.5-million financing and a significant new shareholder: billionaire Thomas Kaplan’s Electrum Strategic Opportunities Fund LP. Existing shareholders Ross Beaty and Lundin trust Zebra Holdings… Continue Reading
The following article was adapted from the August 27, 2014 issue of Resource Opportunities, our premium newsletter (the video below was taped in December 2014 and just released this morning). North Arrow is a presenting sponsor at our upcoming Subscriber Investment Summit in Toronto on February 28th, at a truly critical time for the company. Only a… Continue Reading
North Arrow Minerals (NAR.V) is a promising diamond exploration company with a portfolio of projects in Northern Canada. The company has extremely successful backers in the diamond industry, with Gren Thomas serving as Chairman, and his daughter Eira Thomas acting as an advisor to North Arrow. The Thomas’s led the Diavik diamond discovery in the… Continue Reading
As reported earlier (here), billionaire Swede Lukas Lundin has been in talks with Kinross and the Ecuadorian government for a potential deal on the infamous high-grade gold deposit known as Fruta del Norte. After 5,200 shares traded today, the Lundin Group shell, Fortress Minerals (FST.H:TSXV) was halted pending news. As we speculated earlier, this would… Continue Reading
Unsurprisingly one of the few groups in the out-of-favour resource sector spending significant money to build new mines and finance risky ventures are the Lundin’s. Yesterday, Lundin Mining (LUN:TSX), the $3.2 billion mining company that its namesake founder Lukas Lundin owns 12.5% of, announced that it started concentrate production ahead of schedule and on budget… Continue Reading
Globe and Mail mining scoop queen Rachel Younglai is reporting that the Lundin family are in talks to buy Ecuador’s Fruta del Norte gold deposit from Kinross Gold, one of the richest undeveloped gold mines in the world, albeit in a challenging mining jurisdiction. Kinross acquired the project for $1.2 billion in 2008 and have regretted the decision… Continue Reading
