Good news out of Seabridge Gold (SEA.T) this morning: they have received a positive federal environmental assessment decision for the KSM project in British Columbia. The federal decision was consistent with the provinical assessment which was awarded at the end of July. The permit allows one of the biggest undeveloped gold deposits in the world… Continue Reading
African gold explorer Orca Gold (ORG.V) has named Hugh Stuart company CEO and president effective immediately. Mr. Stuart is one of the founders of Orca and was VP exploration. He has extensive experience in Africa where he helped Red Back Mining grow to an 18 million ounce gold resource. As of last reported financials Orca… Continue Reading
Barrick Gold (ABX.T) announced this morning that operations at the Lumwana copper mine in Zambia will be suspended. The decision comes after the passing of new legislation that will increase the royalty rate from 6 to 20 percent. The new royalty legislation is effective January 1st, 2015 and eliminates corporate income tax but puts… Continue Reading
This morning, Spanish energy firm Repsol agreed to buy Talisman Energy (TLM.T) in a $8.3 billion dollar deal ($8 USD per share -$9.33 C$). The deal is expected to close in the 2nd quarter of 2015. Investors have been speculating over a Repsol Talisman takeover or partial asset purchase for several months. With the recent… Continue Reading
Nevada Copper (NCU.T) has received the Yerington Land Bill from the US Senate and House of Representatives. The land bill means that one more hurtle has been cleared as the Pumpkin Hollow project moves toward production. The project is one of the few copper projects worldwide that has a clear path to production. The Pumpkin Hollow project hosts… Continue Reading
I had to shake my head while reading news from International Tower Hill Mines (ITH.T) this morning that they successfully closed an $8.4 million financing. The investors who bought this financing are throwing money away in my humble opinion. On July 23rd, 2013 International Tower Hill released the Feasibility Study on the Livengood Project. Let’s take… Continue Reading
Guyana Goldfields (GUY.T) is on track to become the next gold mine in Guyana. A 5000 tonne per day SAG mill has been successfully delivered to the site and construction is ramping up. Production is expected to begin in mid-2015. Construction is fully funded through the October closing of a $185 million project finance facility. Over… Continue Reading
Probe Mines (PRB.V) has acquired 100% ownership of all claims it did not previously own at the Borden gold project in Ontario, Canada. The deal comes at the steep price of $25 million in cash and 6 million common shares of Probe. The 6 million shares are worth ~$15-$18 million and represent 6.6% of Probe’s… Continue Reading
Paramount Gold and Silver Corp (PZG.T) is continuing to drill high grade holes at the Don Ese zone, which is part of the San Miguel project in Northern Mexico. The news today caught my attention as there was an article out last week speculating on a takeover possibility from neighbour Coeur Mining. The Don Ese zone is… Continue Reading
Pilot Gold (PLG.T) is out with an update on the Kinsley mountain project including more drill assays. 2014 exploration has built on the success of the 2013 high grade discovery at the Western Flank Target. The project is owned 79% by Pilot Gold and 21% by joint venture partner Nevada Sunrise (NEV.V). Pilot geologists have… Continue Reading
Arguably Canada’s richest gold development project got a big vote of confidence this morning from a prominent Chinese mining investor. Pretium Resources (PVG.T) has announced a new financing of $80.87 million with Zijin Mining Group. The placement will consist of 12.83 million shares at $6.30 per share giving Zijin a 9.9% stake in Pretium. Zijin Mining (2899.HK) is… Continue Reading
With the price of oil down ~40% from June highs and no rebound in sight oil companies are being forced to make some quick moves heading into 2015. The energy sector has a major weighting in the TSX and TSX Venture and has pulled both indexes down considerably in the last week. Companies have begun… Continue Reading
Western Lithium (WLC.T) is an interesting company with two different plays that could potentially create shareholder value. The first play is a brand new Hectatone plant that will start production later this month in Nevada. In case you’re wondering, hectatone is an organoclay that is used in directional drilling to improve drilling efficiency. This drilling… Continue Reading
Mart Resources (MMT.T) was halted at 6:34 am PST this morning pending news. The company has announced that the Umugini pipeline is now flowing oil. The stock resumes trading at 8:15 am PST. Investors have been waiting on this news for years. I expect to see a significant move in the stock price as the… Continue Reading
Dension Mines (DML.T), one of the most widely followed names in the uranium space, is out with more assays from the Gryphon zone at the Wheeler River property, located in the Athabasca basin of Saskatchewan. The Athabasca basin is known as the best place in the world to find uranium deposits. The Wheeler River project… Continue Reading
