Probe Mines (PRB-V) The insider purchase was small, but the names of the buyer and the company are familiar – Jamie Sokalsky because he used to run Barrick Gold (ABX-T) and Probe Metals because it’s a cash-rich spinout of Probe Mines, purchased by Goldcorp in one of the few M&A transactions of note in 2015… Continue Reading
Good morning investors, We’ve seen this movie before, but the sequels seem to be popular: Commodities are getting clobbered to start the week as the U.S. dollar surges higher in anticipation of an interest rate hike. Copper – down 1.4% to $2.06/lb (down more than 20% YTD) Nickel – down 4.8% to $3.76/lb (down more… Continue Reading
Peregrine Diamonds (PGD-V) The peregrine falcon is known for its high-speed dive, which can reach speeds of more than 300 km-h (186 miles-h) as it descends on an unwitting target. Peregrine Diamonds’ stock has undergone more of a low-speed dive since April highs of the high-.30s – it’s been trading near 52-week lows of 14… Continue Reading
It’s been an active week for news on the Canadian diamond exploration landscape, with North Arrow Minerals’ Pikoo news yesterday and a Peregrine Diamonds update out this morning. Peregrine completed its summer program on the 100%-owned Chidliak project in Nunavut three weeks early and has transported the CH-7 bulk sample from Iqaluit to Saskatoon for… Continue Reading
Billionaire mine developer Robert Friedland has said that real wealth in the mining sector is created by finding something. Friedland would know this, having driven 5+ world-class mining discoveries in his career. He knows that to find a mine you have to spend a lot of money, and drill a lot of holes. Another secret… Continue Reading
The Sydney Morning Herald (subscribe here) has a great summary article about a recent speech the one and only billionaire entrepreneur Robert Friedland gave to an undoubtedly packed audience in Melbourne. We had the opportunity to watch Mr. Friedland in action at this year’s Sprott Symposium in Vancouver and he lives up to his persona… Continue Reading
There has been a lot of discussion from both Ivanhoe Mines (IVN:TSX) and the investing community about what the best course of action is for the company given the fact they have three world-class assets in their portfolio but are only getting valued as if they had one (if that). This morning, Ivanhoe announced that they have formally… Continue Reading
From 1924 until 1993, the Prince Leopold (Kipushi) Mine close to D.R. Congo mining capital, Lubumbashi, was the richest copper, zinc, and germanium mine in the world, producing 6.6 million tonnes of zinc, 4 million tonnes of copper, and 278 tonnes of germanium from 60 tonnes of material grading 11% zinc and 7% copper. Kipushi… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) which has come under pressure recently due to capital concerns and a South African platinum industry that is in severe turmoil, has relieved some pressure today by announcing the closing of their bought-deal financing, exercise of the full greenshoe and closing of a concurrent $25 million private placement with their Executive Chairman.… Continue Reading
One of the clear up and comers from Robert Friedland’s camp of natural resource developers, Matthew Hornor, CEO of Kaizen Discovery, was interviewed in a quite positive Global Mining Observer story earlier this week. Here’s the link: EXCLUSIVE: Inside Friedland’s Exploration Unit Mr. Hornor’s Kaizen Discovery (TSXV:KZD) has HPX TechCo (Robert Friedland) and ITOCHU Corporation of Japan as… Continue Reading
There was some concern among investors in Ivanhoe Mines, myself included, that a critical Mining Right Permit for the company’s Platreef platinum deposit in South Africa would be delayed. May 31, 2014 was the looming date by which either the Permit had to be received or all work on the project, such as the ongoing sinking… Continue Reading
“Our financing is sold out, and the books are closed baby !” Via email to CEO.CA at 8:47am EST today. Sent from my iPhone
(Today’s financing represents a 9% discount to the close and a 25% discount to the last financing) Only a few days after Robert Friedland’s Ivanhoe Mines (IVN:TSX) released their first quarter 2014 report which drew concerns from reporters, investors and analysts, alike about an apparent capital crunch; the company announced today that it has secured a… Continue Reading
In a report forwarded to CEO.CA by resource tycoon Robert Friedland, the Colorado based research firm, IHS Inc. says that zinc demand will gain new strength from its use as a micronutrient in agriculture which will help increase crop yields. According to the report, the global population is on trend to exceed 9 billion by… Continue Reading
The junior miner with the best bench strength already has a new head of operations. Robert Friedland’s Ivanhoe Mines Ltd. has appointed senior South African mining executive Mark Farren, 48, as the company’s executive vice-president of operations. Mr. Farren takes charge of the engineering and development activities now underway at Ivanhoe’s three principal projects in… Continue Reading
