At the Vancouver Resource Investment Conference last week, CEO.ca was pleased to catch up with Andre Gaumond, CEO of Virginia Mines (VGQ.T). Virginia is in the process of merging with Osisko Gold Royalties (OR.T) to create the next mining royalty powerhouse. The new company will have two of the best gold royalties in the mining… Continue Reading
At the recent Vancouver Resource Investment Conference in Vancouver, CEO.ca caught up with Joseph Campbell CEO of TerraX Minerals (TXR.V). Terrax is exploring the northern extension of the historic Giant mine in Yellowknife. Management have been able to attract Andrew Gaumond’s Virginia Mines as a major shareholder (9.2%), along with Haywood Securities chairman John Tognetti.… Continue Reading
Jordan Trimble, 27 is currently the youngest CEO of any publicly traded mining company. This young dynamo entered the business straight out of university and is now running Skyharbour Resources (SKY.V). Skyharbour is a uranium junior holding a very prospective land position(over 390,000 hectares) in the prolific Athabasca Basin. Jordan made several property deals in… Continue Reading
Iamgold (IMG.T) has closed the sale of the Niobec mine for proceeds of $500 million in cash after tax. The company now has a very strong financial position and with current cash, cash equivalents, and gold bullion the balance is approximately $800 million. Management has indicated that they are looking for acquisition opportunities. The last acquisition Iamgold… Continue Reading
B2Gold (BTO.T) is one of the latest companies to come out with 2014 production results and 2015 production guidance. B2Gold will be growing production in 2015 by 35% which is the highest growth I have seen out of any company in 2015. The majority of the growth will come from the newly commissioned Otjikoto mine… Continue Reading
Alacer Gold (ASR.T) has released fourth quarter production numbers and guidance for 2015. The good news for Alacer shareholders is 2014 was another strong year of production generating free cash flow at the Copler mine in Turkey. The bad news is production fell off sharply from 2013 production of 271,063 ounces with 227,927 ounces produced… Continue Reading
Detour Gold (DGC.T), the owner of one of Canada’s largest producing mines, released 2014 year end results and guidance for 2015 this morning. Detour is still in the process of trying to increase the milling rate and therefore output at the mine. The stock is up 8% at press time but I believe the majority of that is from… Continue Reading
AuRico Gold (AUQ.T) has been on my radar for a while, but a couple news releases in the last few months have really caught my attention. Last month the more important news was a new discovery of a copper-gold porphyry system at the Kemess project in north-central British Columbia. Today the company announced they have received… Continue Reading
Morien Resources (MOX.V) is an emerging junior mining royalty stock led by CEO John Budreski. This morning Morien signed a definite agreement to sell a 25% interest in the Donklin coal project for cash and a royalty on future production. The Donkin coal project was the signature asset of Morien and when/if it goes into production will generate… Continue Reading
Nevsun Resources (NSU.T) is out with fourth quarter results this morning, producing 52.5 million pounds of copper, bringing 2014 production to a total of 196 million pounds. Nevsun has successfully transitioned from a gold producer to a copper miner and has achieved the high end of management’s 2014 guidance of between 180-200 million pounds in the first year of commercial production. Financial… Continue Reading
If you like to speculate, Mart Resources (MMT.T) is a junior oil producer that should be on your radar screen. The company is out with a brief corporate update this morning on UMU-13 well results and an announcement they will be cancelling the dividend for the fourth quarter. Mart is currently (at press time) down 10 cents… Continue Reading
Richmont Mines (RIC.T) is a gold producer whose share price showed an impressive increase in 2014, from the $1.40 level to over $4. This morning Richmont announced high grade drill results from the Island Gold mine and an aggressive exploration budget of $7.6 million for 2015. The two main reasons for share price appreciation in 2014 were: 1.… Continue Reading
Junior gold producer Argonaut Gold (AR.T) stock has doubled in the last 3 weeks. The shares bounced off an all time low of $1.26 on Dec 16th and are currently trading at $2.46 (at press time). Argonaut released record fourth quarter results this morning, producing 44,321 gold equivalent ounces. Three reasons why Argonaut has doubled recently: 1.… Continue Reading
This morning Rockwell Diamonds (RDI.T) announced a conditional agreement to acquire additional alluvial diamond properties contiguous to existing properties. The properties will be acquired from Bondeo 140 CC and its affiliates for $28.5 million. The breakdown of the $28.5 million will be $12 million for the mineral rights and three processing plants and $16.5 million… Continue Reading
Energy Fuels (EFR.T) has reached an a deal to acquire Uranerz (URZ.T) in an all share based deal creating a leading US based uranium company. Shareholders of Uranerz will receive 0.255 common share of Energy Fuels for each share of Uranerz common stock held. Energy Fuels shares are currently trading down $0.51 cents (~7%) at $6.81 per… Continue Reading
