In a junior mining sector where financing drought continues to be the rule, Kaminak Gold continues to cash in and attract deep-pocketed shareholders. On Monday the Yukon gold developer announced a $22.5-million financing and a significant new shareholder: billionaire Thomas Kaplan’s Electrum Strategic Opportunities Fund LP. Existing shareholders Ross Beaty and Lundin trust Zebra Holdings… Continue Reading
It’s been a busy week at CEO.CA and we wanted to share some of the highlights in case you were too busy to stop by as often as you would have liked. There are high-quality projects being advanced and value is being created, even if it’s unrecognized in these markets. Enjoy your weekend and stop… Continue Reading
Ascot Resources (AOT.v) is out with drill results and some impressive intercepts at its 100-sq-km property near Stewart in northwestern B.C., which includes the historic Premier Mine. Drilling highlights in the “Lunchroom subzone” included 226 g/t Au over 1 metre within a broader zone of 12.77 g/t over 53.89 metres in Hole P15-860, and 284 g/t… Continue Reading
The Clinton Giustra Enterprise Partnership is partnering with the UK’s Department for International Development and Unilever to create “Transform” – a new initiative to improve health and well-being for up to 100 million people in developing countries by 2025. The focus is sub-Saharan Africa and South Asia. The announcement comes the week the United Nations adopts… Continue Reading
Yukon explorer Klondike Gold Corp. has discovered visible gold within quartz veins in 15 of 19 drill holes from its summer program on the Lone Star property, the company announced this morning. Assays on the drill core are expected within the next month. The summer drill program was increased from 1,000 metres to 1,374 metres… Continue Reading
Stornoway Diamonds Canadian diamond developer Stornoway Diamond Corp. has updated its mineral resource at Renard as construction of Quebec’s first diamond mine continues. Highlights include: A 16% increase in the Indicated Mineral Resources of Renard 2 to 21.6 million carats achieved through the conversion of Inferred Mineral Resources to 700 meters depth. An 11% increase… Continue Reading
Ivanhoe Mines’ deal to sell a stake in its Kamoa copper project to China’s Zijin Mining has received the green light from the Democratic Republic of Congo, which had earlier objected to the sale. The agreement sees Zijin Mining pay US$412 million to acquire 49.5% of the shares of Kamoa Holding Limited, which owns 95%… Continue Reading
Yukon gold developer Kaminak Gold is out with an updated resource estimate that increases grade, oxide ounces and the indicated resource at its Coffee gold deposit. The update comes after a 70,000-metre infill drilling program on the four main Coffee deposits, Supremo, Latte, Double Double and Kona. The updated estimate of mineral resources for Coffee… Continue Reading
On a day when commodity prices crashed again, it’s encouraging to note that some junior miner CEOs and company executives continue to see value in their share prices. I’m talking about purchases by insiders, which can be a positive indicator that a company’s stock is undervalued. Executives have multiple reasons to sell – for example braces… Continue Reading
NexGen Energy (NXE.v) continues to expand its Arrow project at the Rook I property in Saskatchewan’s Athabasca Basin by enlarging existing zones of high-grade uranium mineralization and discovering new ones. NexGen announced today it has discovered a higher-grade sub-zone with a strike length of 113 metres “characterized by substantial accumulations of dense massive and semi-massive… Continue Reading
Nevada Sunrise (NEV.v), Pilot Gold’s 21% partner on the Kinsley Mountain gold project, is making a foray into lithium. The company is issuing shares to pick up an option on the Neptune property, an early-stage exploration property located in Clayton Valley, Nevada. Neighbours include the the Silver Peak lithium mine, now owned by Albemarle Corporation,… Continue Reading
African gold miner Endeavour Mining (EDV on the TSX) is adding production and strengthening its balance sheet through an alliance with La Mancha, the private gold producer controlled by the family of billionaire Naguib Sawiris. The deal sees Endeavour picking up La Mancha’s 55% indirect interest in Société des Mines d’Ity S.A. (“SMI”), which operates the… Continue Reading
Nevada lithium explorer Pure Energy (PE.v) grabbed the spotlight this morning with the announcement of a tentative lithium supply agreement with Elon Musk’s Tesla Motors. The deal establishes a commitment from Tesla for the purchase of an annual volume of product over a period of 5 years by Tesla or its authorized purchasers, based on… Continue Reading
Sabina Gold and Silver Corp. ($SBB.TO) held a conference call Tuesday morning to review its “initial project” feasibility study on Back River, which was released the previous morning. In case you missed it, Sabina CEO Bruce McLeod outlined the plan for a smaller 3,000-tonne-per-day mill (compared to 6,000 tpd in the May feasibility study) and… Continue Reading
In a horrific market for junior mining companies, IDM Mining CEO Rob McLeod was feeling optimistic ahead of his trip to the annual Precious Metals Summit in Beaver Creek, Colorado. Accompanying him to Colorado was IDM chairman Mike McPhie. I caught up with McLeod for a coffee earlier today, before he left. On his agenda… Continue Reading
