CEO Terminal regular and Aston Bay (BAY:TSV) CEO Benjamin Cox was a live guest on Andrew Bell’s Commodities show this morning on BNN. Mr. Cox and Mr. Bell discussed the deal Aston Bay just signed with BHP Billiton on the Storm copper/zinc project on Somerset Island, Nunavut. A letter of intent has been signed that… Continue Reading
Brent Cook of Exploration Insights newsletter spent several minutes this morning on BNN’s Commodities show talking junior mining stocks with host Andrew Bell. Mr. Cook has been negative on the gold price in the last couple years but is warming up to the space and believes that gold will end the year higher in 2016.… Continue Reading
The prices of commodity stocks continue to get crushed in the first couple weeks of the year. As I see constant red on the screen I am wondering when or if this bear market will ever end? I tend to look at the current market environment with a glass half full type of attitude. The amount… Continue Reading
This morning saw a couple of news releases from mining companies about 2015 year-end production results. I will take a brief look at each company with a focus on if they achieved guidance or not. The supply/demand dynamics for many metals are in the oversupply category to start 2016, especially with China slowing down. It will… Continue Reading
Pretium Resources (PVG:TSX) – Bob Quartermain’s Pretium Resources is developing one of the highest-grade gold projects in the world. News this morning included stunning high-grade drill results from the fifth batch of underground infill drill holes. Assays included several hits over 1,000 grams per tonne – including 0.5m of 20,287 g/t gold – and Canaccord analyst Eric Zaunscherb had an interesting… Continue Reading
Oban Mining (OBM:TSXV) and Niogold (NOX:TSXV) – Oban continues to deliver on its objective of becoming a mining house in Canada with a focus on consolidating large land areas with a focus on Quebec’s Abitibi region. This morning Oban has announced a deal to acquire Niogold in a share-based transaction. The deal Each Niogold shareholder will receive 0.4167… Continue Reading
Good morning, As the markets continue a freefall in most sectors, except for gold (back over US$1,100) and gold stocks, a couple news releases caught my eye this morning. Claude Resources (CRJ:TSX) – Saskatchewan’s only publicly traded gold producer is out with 2015 annual results and guidance for 2016. Production for the year was 75,748 ounces, a… Continue Reading
Good morning. The Fed is expected to raise the interest rate at 11 am PST, and so far the gold market is up $14.50 last at US$1,075, as we wait. Drill results from Equitas Resources and Arena Minerals were among the mining news releases that caught my attention this morning. Equitas Resources (EQT:TSXV) – Junior… Continue Reading
Turquoise Hill Resources – (TRQ:TSX) – A big deal for the mining industry, Turquoise Hill and its majority shareholder Rio Tinto this morning. Turquoise Hill and Rio Tinto have signed a US$4.4-billion project finance facility for the Oyu Tolgoi underground mine expansion in Mongolia. The project finance facility will be backed by over 20 different lenders around… Continue Reading
Turns out the De Beers decision Friday to close its Snap Lake diamond mine in Canada’s Northwest Territories, eliminating more than 400 jobs, was just a preview of cuts to come at the parent company. Anglo American, one of the world’s largest mining companies, took radical action today to stem the bleeding from low commodity… Continue Reading
Wellgreen Platinum announced the departure of CEO Greg Johnson this morning, with no details in the short news release on why he left. Wellgreen is advancing a PGM-nickel project in Yukon off the Alaska Highway. The move comes less than a month after the company closed an $11.4-million financing with investors including Resource Capital Funds and Alverstoke… Continue Reading
Fabrice Taylor of the popular newsletter The President’s Club made an appearance on BNN Market Call today with host Andrew Bell. Here is my quick summary of the hour-long show. Market Outlook Fabrice does not see much joy in commodities. Alberta is suffering with low oil prices, high-end homes are now going for 50% on the dollar… Continue Reading
A quick look at news from Klondex Mines and Fission Uranium with some additional comments on each. Klondex Mines- (KDX:TSX) – Klondex is out with an updated total mineral reserves calculation for the Fire Creek project and Midas Mine in Nevada. Total mineral reserves increased by ~19% in 2015. Highlights: Total mineral reserves of 444,488 gold… Continue Reading
Good morning, news out from mining junior Pure Gold Mining and newly producing Guyana Goldfields merits a closer look. Pure Gold Mining (PGM:TSXV) and Premier Gold (PG:TSX) – Pure Gold Mining has agreed to sell 513 hectares of land to Premier Gold for $5 million in cash and shares and a 1% NSR, which looks… 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
