Continental Gold outlined the Buritica gold project in a feasibility study for the first time, delivering strong-looking economics on one of the largest high-grade gold deposits in the hands of a junior. Hurdles remain for Continental, permitting chief among them. But the feasibility study nonetheless crystallizes what the market should expect from Buritica if Continental… Continue Reading
CanAlaska Uranium (TSXV:CVV) is full of surprises. This morning, CanAlaska announced a $12.5-million deal with Cameco (TSX:CCO), Canada’s largest uranium producer, to explore the West McArthur property near two of Cameco’s high-grade uranium deposits. Here’s a summary of the terms: $725,000 cash to CanAlaska and $5 million in exploration at Grid 1 and Grid 5… Continue Reading
Sandspring Resources’ Toroparu project in Guyana is the fourth largest gold deposit in South America currently held by a junior Toroparu contains ~10 million ounces of near-surface gold mineralization in all categories, amenable to simple metallurgy Experienced backers include Silver Wheaton, the John Adams / Energy Fuels group (Denver, CO) and Frank Giustra’s Fiore Group… Continue Reading
It was bottom’s up at a market bottom — hopefully — for the latest version of “At The Bar” featuring lively conversation and commentary on mining as it relates to investing. The popular feature saw mining personalities belly up after the Vancouver Resource Investment Conference in January. Brent Cook and Mickey Fulp brought the grizzled… Continue Reading
In this still oh-so-harsh and selective market for junior financing, it’s hard to argue Atlantic Gold’s (AGB-TSX) debt deals – commitments for $135 million – are a bad deal for shareholders, though they do involve a sizeable forward sale of gold. That is, the $35-million marketcap junior looks to avoid a massive, or imminent, equity… Continue Reading
Economic geologist and financier Cal Everett has beenappointed CEO and Director of Pilot Gold (TSX:PLG), a Nevada- and Turkey-focused mineral exploration company with a diverse portfolio of projects. Everett is one of the best-known institutional salesman and capital markets advisors in the mineral exploration business. He spent 12 years with BMO Nesbitt Burns, 7 years… Continue Reading
A small mineral exploration company may be in the early innings of a new diamond discovery in Canada– but will need some capital and further evidence to support its theory. On Thursday, CanAlaska Uranium (TSXV:CVV) announced the staking of 75 kimberlite targets in Saskatchewan’s NW Athabasca Basin. The targets were developed from a 2011 airborne… Continue Reading
A low-profile junior company called Mines Management (MGT-T) recently announced approval for its Montana silver-copper mine project from the U.S. Forest Service and Montana environmental dept. How they released the news hints at why they remain low-profile: it’s major material news, green-lighting a deposit that contains an estimated 230 million ounces of silver and more… Continue Reading
Aircraft-maker Bombardier (BBD-B), as other manufacturers in the past, has gone to Ottawa hat in hand to ask for some $1 billion, reportedly, to match funding of that scale already doled out by Quebec. Now, generally, there are lots of good reasons to oppose government bailouts of corporations, this one included. Mostly because the government is less… Continue Reading
To an extent I can see it Taseko’s way. The Vancouver based copper miner lashed out at Raging River today, outlining a plot that casts the dissident shareholder as working against the best interests of stock holders, amassing a stake in the company’s debt in “secret”, as Taseko Mines (TKO-T) put it. So it warns… Continue Reading
There were a few insider transactions of note from the overnight SEDI filings. And while it’s usually insider buys that catch my eye, today it was an insider sell. Renaissance Oil (ROE-V) Doug Casey and Marin Katusa’s Casey Capital Strategies sold off a large portion of their stake in Ian Telfer’s Renaissance Oil in December… Continue Reading
Noted technician and fund manager J.C. Parets has been a long time friend of CEO.CA and E&G. Yesterday he put up a tour de force post on gold and gold miners highlighting the significance of some of the recent price action over various time frames and relative to other asset classes. We have selected a… Continue Reading
In light of the mini-gold rally we’ve had, I’ve been curious what some of the big names in junior investing are doing with it. Buying? Selling? Think it’s going to last? My first inquiry went to Rick Rule, Chairman of Sprott US Holdings. He was quick to get back. And he was forthright as usual.… Continue Reading
Fission Uranium (FCU-T) found another high-grade uranium zone on its PLS property in the Athabasca Basin, Saskatchewan. Earlier this morning Fission noted a significant hit about 300 metres east of its main resources in the R780E zone with up to eight metres counting over 10,000 cps radioactivity in a broader 56-metre intercept starting 66 metres… Continue Reading
As the prices for nickel and oil plunged in 2015, so did Sherritt International’s prospects of emerging on the other side of the commodity oversupply abyss. Sherritt’s main businesses are nickel and oil production in Cuba; nickel accounts for 72% of revenue. In 2015, nickel was down 40% and the price for a barrel of… Continue Reading
