Klondex Mines (KDX:TSX) – Klondex a top performer in the gold space is out with drilling results on the Hui WU Vein. The Hui WU Vein is located at the Fire Creek project in Nevada. Highlights of Hui Wu vein include: 13.5 ounces per ton (461.6 grams per tonne) gold equivalent over 11.5 feet (3.5… Continue Reading
Independence Gold- (IGO:TSXV) – Cash rich Independence Gold is out with a $1.8 million exploration budget for summer work in the Yukon. Work will be completed on the Boulevard and Henderson projects located in the White Gold area south of Dawson City. The drill programs are expected to begin in the middle of June and total… Continue Reading
A morning post on some of the top mining news releases out this morning and my thoughts on each. True Gold Mining – (TGM:TSXV) – True Gold has restarted construction at the Karma project in Burkina Faso. First gold pour is expected 10 months from now in March 2016. Site clean up and some repairs… Continue Reading
News on Friday includes Q1 financials from Osisko Royalties and B2Gold. Osisko Royalties (OR:TSX) – First quarter net earnings of $10.2 million (15 cents per share) for Osisko royalty shareholders. The $10.6 million in revenue was all from the 5% NSR royalty held on the Canadian Malartic Mine. Revenue from Goldcorp’s newly producing Eleonore mine have… Continue Reading
Thoughts from a few of my favourite mining news releases out this morning. Asanko Gold – (AKG:TSX) – Asanko is out with pre feasibility results for a Phase 2 expansion at the Esaase project in Ghana. Phase 1 (Obotan) is currently under construction and is fully permitted and financed with production expected in Q1 2016. The economics… Continue Reading
A look at two junior gold producers this morning with some additional comments on each. Semafo – (SMF:TSX) – Semafo is out with Q1 results reporting a net loss of $8.1 million (3 cents per share). Gold production came in at 65,200 which included a planned 5 week shut down of the SAG mill. Semafo reported… Continue Reading
Seabridge Gold – (SEA:TSX) – Seabridge Gold has released exploration plans for the 2015 season at the huge KSM project in British Columbia. Drilling this summer is fully funded (20,000m) and will test three areas Mitchell, Deep Kerr, and Iron Zone in hopes of finding additional mineralization. Drilling will begin at the Mitchell deposit in… Continue Reading
A few interesting mining news releases this morning. Here are my top stories of the day with additional comments provided. Midway Gold (MDW:TSX) – Midway Gold is out with an updated resources estimate at the newly producing Pan mine in Nevada. Midway has just started initial production at the mine and ~4300 ounces have been produced so… Continue Reading
A look at my top press releases in the mining world this morning. Luna Gold – (LGC:TSX) – Fantastic news for struggling gold company Luna Gold shareholders this morning announcing a $20 million debt and $10 million dollar equity financing with Pacific Road Resources Funds. LGC is not out of the woods yet though as… Continue Reading
A look at headlines that caught my attention today and some additional thoughts on each company. Golden Star Resources – (GSC:TSX) – Golden Star is a company I used to track a few years back but lost interest in due to high costs. This morning GSC announced a significant transaction with Royal Gold (RGL:TSX) completing a… Continue Reading
A look at my top news releases out this morning with some additional comments. Pacific Rubiales – (PRE:TSX) – The bleeding has ended for long term Pacific Rubiales holders this morning as the company has received a takeover offer from ALFA SAB de CV and Harbour Energy Ltd. for $6.50 per share. ALFA currently holds 59,897,800… Continue Reading
A nice little bump in gold this morning to 1197 in early trading. Here are my favourite news releases out this morning with some additional comments on each. Taseko – (TKO:TSX) – Taseko a copper/moly producer located in British Colombia is out with a new 43-101 updated mine plan at its flagship Gibraltar mine (75%… Continue Reading
A good start to the week for gold up $12 a ounce to $1291 in early trading. Here are a few of the mining headlines that caught my eye this morning. Fission Uranium – (FCU:TSX) – Fission continues to intersect strong uranium mineralization at the the PLS project in Saskatchewan. This morning 10 angled drill… Continue Reading
Gold is down close to $25 in early trading this morning to $1180.56 per ounce following the FOMC minutes of yesterday and a positive US jobless claims report this morning. Copper and base metals are all doing well though with copper hitting a year to date high of $2.84. Goldcorp – (G:TSX) – Goldcorp has… Continue Reading
As the markets await the FOMC statement later today here are my top mining headlines of the day. Teranga Gold – (TGZ:TSX) – Teranga had a very solid first quarter earning a net profit of $15.27 million. Gold production came in at 48,643 ounces leading to a profit of 4 cents per share. Not bad… Continue Reading
