If Anglo’s woes symbolize the pain of production in a falling price environment, a property deal between two juniors announced after market close yesterday may hint at brighter days to come – the looming supply crunch and rising prices that inevitably follow a price crash. Rob McLeod’s IDM Mining (IDM-T) has signed an agreement with Oban… Continue Reading
Cyber Monday is over for the year, but bargain prices linger across the TSX Venture Exchange. Prices are low, but where is the best value? One tool that can help investors make money by differentiating between price and value is to watch the insiders. The theory is that people who run a company know more… Continue Reading
The TSX Venture Exchange has been hammered by a resource bear market and low-cost competition in recent years. Plummeting commodity prices, risk-averse investors and restrictive financing rules have made it virtually impossible for all but the highest-calibre Venture-listed junior miners to raise money. Meanwhile, companies looking to save a dollar wherever they can are opting for… Continue Reading
Osisko Gold Royalties (OR-T) expands stake in Barkerville Gold Mines (BGM-V) Sean Roosen’s Osisko Gold Royalties has picked up a royalty and added to its stake in Barkerville Gold Mines through a $10.24-million private placement of 32 million flow-through common shares at 32 cents a share. Osisko will pay $25 million for the 1.5% NSR… Continue Reading
The junior mining industry and those who invest in it have a friend in Ralph Sultan, the MLA for West Vancouver-Capilano. The British Columbia Liberal politician recently sounded the alarm in the provincial Legislative Assembly about the state of the junior exploration industry and the impediments to mine financing. Citing recent examples (Pretium’s Brucejack, Oyu… Continue Reading
Good morning, Some news of note on a day when Syria is heating up, with Turkish fighter jets shooting down a Russian warplane the NATO member says ventured into its air space. The international incident comes after reports that much of the oil being produced on ISIS-controlled territory – both Russia and the U.S. have been… Continue Reading
Good morning investors, We’ve seen this movie before, but the sequels seem to be popular: Commodities are getting clobbered to start the week as the U.S. dollar surges higher in anticipation of an interest rate hike. Copper – down 1.4% to $2.06/lb (down more than 20% YTD) Nickel – down 4.8% to $3.76/lb (down more… Continue Reading
Shares of gold miners B2Gold, Endeavour Mining and Randgold slid in Friday trading in the aftermath of a terrorist attack and hostage-taking at a Western hotel in the Mali capital of Bamako that killed at least 27 people. The producers are among mining companies with operations in the west African country. B2Gold had two employees staying… Continue Reading
Christmas came early for Lucara CEO William Lamb, and it took the shape of a near-tennis-ball-sized diamond that captured the world’s imagination and the market’s attention. Lucara shares surged 49 cents, or 30.43%, to a close of $2.10 on heavy trading Thursday on the Toronto Stock Exchange, adding about $200 million to the company’s market… Continue Reading
Newsletter writer Keith Schaefer of the acclaimed Oil and Gas Investments Bulletin stopped by this morning at CEO Chat, the investment conference in your pocket. And the questions – and Keith’s answers – came fast and furious: upstream, downstream and everything in between. Keith is offering CEO.CA subscribers a one-month test drive of his solid newsletter… Continue Reading
I caught up with royalty specialist John Budreski recently for an update on Morien Resources, a small resource royalty play with two long-life assets in Nova Scotia. The shares had recently slumped below 20 cents from a 52-week high of 28 cents, and I took a position. Budreski, Morien’s president and CEO, didn’t seem too… Continue Reading
Tintina Resources (TAU-V) Australian miner Sandfire Resources is buying out George Soros’s Quantum Partners to consolidate control of Tintina Resources’ Black Butte Copper project in Montana. The deal will see Sandfire purchase an additional 47,244,095 shares at a price of $.0831 per share, a 38.5% premium to Tintina’s Tuesday closing price. Sandfire now owns 57.19%… Continue Reading
Peregrine Diamonds (PGD-V) The peregrine falcon is known for its high-speed dive, which can reach speeds of more than 300 km-h (186 miles-h) as it descends on an unwitting target. Peregrine Diamonds’ stock has undergone more of a low-speed dive since April highs of the high-.30s – it’s been trading near 52-week lows of 14… Continue Reading
Newsletter writer and CEO Chat regular Allan Barry Laboucan interviewed Sabina Gold & Silver CEO Bruce McLeod today on his show, Allan Barry Reports. McLeod took the helm on Feb. 15 and it’s been a busy year. Sabina has advanced the Back River gold deposit in Nunavut through two Feasibility Studies, progressed on the permitting… Continue Reading
Fission Uranium has sent a letter to shareholders, along with the management information circular, ahead of the company’s Dec. 15 AGM in Kelowna. Included in the letter is the dissident slate for the board of directors of Fission, the Athabasca Basin-focused company that is advancing the Triple R deposit at Patterson Lake South. A friendly merger… Continue Reading
