Peeyush Varshney’s Canada Zinc Metals (CZX:TSXV), one of the very few premier zinc development companies, is well positioned to benefit from an upturn in the zinc price, which many analysts are predicting will start in the next few years. The main catalyst for an increase in the price of zinc will be the closing of major… Continue Reading
Sandstorm Gold (SSL:TSX) has purchased Gold Royalties Corp (GRO:TSXV) this morning in a share based deal worth $5.7 million. The deal involves 0.045 of a Sandstorm share for each one Gold Royalties share held. The proposed arrangement values Gold Royalties shares at ~20 cents per share. Gold royalty shareholders receive a 70 percent premium on the 20 day… Continue Reading
NexGen Energy (NXE:TSXV), one of the most promising uranium juniors in the Athabasca Basin, Saskatchewan is out with impressive news (yesterday) that the strike length of the Rook 1 (Arrow) property has been extended. Drill hole AR-15-38 has extended the current strike length by 81 meters to the southwest from blockbuster hole AR-14-30 (46m grading… Continue Reading
Early this morning Timmins Gold (TMM:TSX) announced they have entered into an agreement to acquire Newstrike Capital (NES:TSXV). This is the second acquisition in the last few months by Timmins as they had previously acquired Caballo Blanco from Goldgroup. Timmins is a junior gold producer that operates the San Francisco mine in northern Sonora, Mexico.… Continue Reading
A couple of large uranium mines reported incidents in the last week that could potentially move the spot price of uranium higher. Late last week a fire was reported at the Rio Tinto Rössing uranium mine in Namibia. The Rössing mine is one of the largest open pit mines in the world producing 3.2% of worldwide uranium production in… Continue Reading
Bloomberg has an excellent video interview this morning with Rio Tinto CEO Sam Walsh. The commodities giant released annual results this morning with net earnings of $6.5 billion. Rio managed to beat estimates with higher output and lower cost even with the collapse in the iron ore price . Mr. Walsh mentioned in the interview he sees… Continue Reading
Lowell Copper (JDL:TSXV) has optioned another copper project, this time off of Cornerstone Metals (CCC:TSXV). Lowell will be able to earn up to a 75% interest in the West Jerome property in Yavapai County, Arizona. The West Jerome target is a large VMS deposit and is 2.4 km away from the past producing high grade (4.36%)… Continue Reading
Tarsis Resources (TCC:TSXV) and Estrella Gold Corp (EST:TSXV) two sub $3 million dollar companies have merged to form a new prospect generator called Alianza Resources. The new company will have a combined 22 projects in four excellent mining jurisdictions (Mexico,Peru,Nevada, and the Yukon). The deal is a smart move for shareholders as it will consolidate management expertise… Continue Reading
Torex Gold (TXG:TSX), a leading gold development company in Mexico, is out with an unfortunate press release this morning confirming 1 labourer at the company and 3 contractors have been reported missing. In total 12 community members that are located in close proximity to the project have gone missing. As far as we know at this… Continue Reading
A merger in the mining industry to start the week as Tahoe Resources and Rio Alto have agreed on terms to create a leading Latin American based mining producer. Both companies were profitable at current metal prices and were generating free cash flow. The combined company will offer shareholders low cost silver production from the world… Continue Reading
The well respected father and son team of Morgan and Duane Poliquin together run Almaden Minerals (AMM:TSX). Almaden used to be a prospect generator but is now focused on the Ixtaca Deposit in Puebla State, Mexico. The Ixtaca deposit is an exciting new discovery in a previously unknown mining area in Mexico. Almaden has taken the deposit from… Continue Reading
Energold Drilling (EGD:TSV) should be on the first companies to signal a bounce back in the mining space. When activity picks up Energold will be on the first companies to know. The firm operates over 230 drill rigs all over the world in the mining,energy, and manufacturing space. The diversification has allowed them to weather the downturn.… Continue Reading
At the recent AME BC Roundup we caught up with Marc Blythe, President and CEO, Tarsis Resources. Mr. Blythe was previously Vice President of Almaden Minerals from 2006-2011. Tarsis (TCC:TSXV) recently acquired 8 projects in Nevada off of Sandstorm Gold. Marc told us as tough as the market is he sees a lot of opportunity… Continue Reading
Estrella Gold (EST:TSXV) is a prospect generator focusing in on Peru and on gold. Peru is a stable well established mining friendly country which ranked 1st in Latin America for gold production in 2012. Estrella has partnerships with Cliffs Natural Resources, Alamos Gold, and fellow prospect generator Lara Exploration. The CEO.ca team caught up with Jason Weber… Continue Reading
Big news out of the junior mining sector today as Auryn Resources (AUG:TSXV) and North Country Gold (NCG:TSXV) have reached a joint venture agreement on the Committee Bay project in Nunavut, Canada. The market likes the deal so far sending Auryn shares 16% higher to $1.29 and North Country up 114% to $0.075. The deal appears… Continue Reading
