Orezone Gold (ORE:TSX) – Orezone has released a feasibility study for the Bomboré gold project in Burkina Faso. The study shows economics of a 24.4% after tax IRR and a NPV (5%) of $196 million using $1250 gold. Initial capital costs have risen since the PEA and now come in at $250 million. The rise… Continue Reading
A look at my top news releases from this morning with additional comments on each. Copper Mountain – (CUM:TSX) – Copper Mountain shares are up 10% so far this morning after releasing first quarter results. First quarter production saw 18.4 million pounds of copper, 7,800 ounces of gold and 80,300 ounces of silver. Revenues came… Continue Reading
Ken Armstrong, CEO of North Arrow discussing the importance of yellow diamonds. North Arrow Minerals (NAR:TSXV) has been of one the bright spots in 2015 on the TSX Venture. Investors are eagerly awaiting final bulk sample results from the Qilalugaq diamond project in Nunavut. The full results of the bulk sample are expected in the next few… Continue Reading
A few of the news releases that caught my eye this morning and some additional comments. Nevsun Resources – (NSU:TSX) – Nevsun has provided the market with an update on the zinc expansion project at the Bisha mine in Eritrea. Bisha which is a copper mine at the moment will transition into a zinc mine… Continue Reading
A look at a few of my favourite news releases and some additional comments on each. Teck Resources (TCK.B:TSX) – Teck shares are off ~6% this morning after releasing Q1 results. Despite weak commodity prices Teck managed to post a profit of $64 million (11 cents per share). “Our ongoing focus on cost management and… Continue Reading
Here is a look at some of the news releases that caught my eye this morning with some additional comments on each. Balmoral Resources – (BAR:TSX) – Balmoral Resources is out with assays from 9 holes from the 2015 winter drill program at the Martiniere property in Quebec. The Martiniere property forms part of Balmorals massive 700+ square… Continue Reading
Foran Mining (FOM:TSXV) – Foran Mining is out this morning with one of the best drill holes I have seen in awhile in the junior mining space. Drill hole BS-15-239(1) has intersected 2.03% Cu over 104.94m, including 4.11% Cu over 20.35m and 3.16% Cu over 19.00m. This is the second hole completed on the Bigstone property located… Continue Reading
Trevali Mining – (TV:TSX) – Trevali has released drill results from exploration drilling at the Caribou zinc mine in New Brunswick. Drill hole BR-1014A intersected 50.9 metres grading 5.08 per cent Zn, 1.76 per cent Pb, 0.37 per cent Cu, 59.66 g/t Ag and 1.63 g/t Au. The key piece of information was that this was a ~200m… Continue Reading
A summary of what I found to be the top news releases for Wednesday March 15th a fairly quiet day so far. Dynacor Gold (DNG:TSX) – Great news out of the largest toll mining company (I believe) listed on the Canadian markets. Dynacor has received an expansion permit for the Metallex plant located in Huanca, Peru.… Continue Reading
Rubicon Minerals (RMX:TSX) is on track to be the next high grade gold producer in Canada at the Phoenix Gold Project in Ontario. The project is expected to begin production in mid 2015 and commissioning of the mill is ahead of schedule. Rubicon is fully funded to production after closing a $115 million dollar bought deal… Continue Reading
Here are my top resource stories of the morning with some additional thoughts on each. AuRico Gold and Alamos Gold – (AUQ:TSX) (AGI:TSX) – A merger between two lower cost gold producers this morning. The merger will create a new intermediate gold producer with mines in Canada and Mexico. MergeCo will operate 3 mines (Young-Davidson,Mulatos,… Continue Reading
Gold is on the move this morning last at $1207 up $9 as short covering is occurring. Physical demand is also seeing being helped by the upcoming Hindu festival in India. The yellow metal is now up 2.3% year to date. Here are some press releases that caught my eye yesterday afternoon and this morning.… Continue Reading
Lake Shore Gold – (LSG:TSX) – Lake Shore Gold is one of the first companies out with first quarter results. The company had record production of 53,000 ounces in the quarter. Production was helped by having an average grade of 5.7 grams per tonne. LSG continues to generate free cash flow and in my opinion… Continue Reading
Pretivm Resources – (PVG:TSXV) – A very important step in the moving the high grade Brucejack project forward to production was announced this morning with a signed agreement between Pretium and the Nisha’a Nation. The deal will be a win/win for both parties under the agreement with the Nisga’a Nation providing support for the development… Continue Reading
A look at my favourite mining news releases out this morning. Torex Gold – (TXG:TSX) – Torex Gold released 2014 year end financial results this morning. Torex is a single asset company who owns the El Limon Guajes project in the Guerrero Gold Belt in Mexico which was purchased from Teck 5 years ago. The… Continue Reading
