Ten years after the great California gold rush, prospectors raced to Colorado after the 1858 discovery of gold in creeks near the present-day Denver suburb of Englewood. The gold rush led to the founding of Colorado Territory in 1861; statehood followed in 1876. Gold industry participants are Colorado-bound once again for two of the top… Continue Reading
Good morning folks, Quiet morning on the junior resource front as this bear market grinds on. One bright spot was Major Drilling Group International’s latest financials. The New Brunswick-based company – a bit of a mining bellwether as one of the world’s largest drilling companies – upped revenue to $83.9 million (from $67.6M a year… Continue Reading
Ari Sussman is stepping down as chairman and a director of Cordoba Minerals so he can focus on developing Continental Gold’s Buritica project, Cordoba announced today. He resigned from the Dalradian Resources board in April of this year. Cordoba is also adding some heavy-duty Latin American talent to its board of directors. Joining the board… Continue Reading
In a 1939 radio broadcast, Winston Churchill famously said of Russia, “It is a riddle wrapped in a mystery inside an enigma.” He might just as well have been talking about diamond exploration, a high-risk venture populated by obscure minerals such as ilmenite, eclogitic garnets and chrome diopsides. The good news is, finding those types of… Continue Reading
It’s been an active week for news on the Canadian diamond exploration landscape, with North Arrow Minerals’ Pikoo news yesterday and a Peregrine Diamonds update out this morning. Peregrine completed its summer program on the 100%-owned Chidliak project in Nunavut three weeks early and has transported the CH-7 bulk sample from Iqaluit to Saskatoon for… Continue Reading
Good morning investors and speculators, Hope everybody had a good Labour Day weekend, news in the junior resource world is coming fast and furious to start out the four-day trading week. NexGen Energy: The Athabasca Basin’s hottest uranium play reported assay results from six angle drill holes, and they are impressive. The highlights – AR-15-49c2… Continue Reading
by James Kwantes When I last wrote about Canadian value investor George Armoyan, he was licking his wounds after losing a bid to install three directors on the board of nickel miner Sherritt International (S.TO). Sherritt produces nickel as well as oil and gas in Cuba and a major focus going forward is its 40%… Continue Reading
by James Kwantes, World of Mining Resources and resource allocation are at the centre of a boardroom battle between Sherritt International ($S.TO), which mines nickel in Cuba and Madagascar, and George Armoyan, a Halifax-based activist value investor who runs Clarke Inc ($CKI.TO). It’s shaping up to be an entertaining tilt that also presents some investment opportunities.… Continue Reading
There are many interesting things about Hudbay’s takeover offer for the 84% of Augusta Resource that it doesn’t already own – an offer that has breathed a bit more life into a moribund mining M&A scene that is slowly reviving. Augusta is developing the advanced-stage Rosemont copper deposit southeast of Tucson, Arizona, which is projected… Continue Reading
Cambridge, England is a university town that hosts a house of higher learning. Cambridge House is a Howe Street abode, a dwelling where hope, fear and greed each have rooms on the same floor (and share a bathroom). And floors and bottoms, of the TSX Venture variety, were something of a theme at this year’s… Continue Reading
Originally posted on WorldofMining.com Diamond explorer Peregrine Diamonds (PGD) released the second and final batch of results from its bulk sample of the CH-6 kimberlite pipe at its 100% owned Chidliak project on Baffin Island, and they were good. Very good. Here’s the news release. Batch C returned a grade of 2.87 carats per tonne, including… Continue Reading
By James Kwantes, World of Mining Eric Friedland’s Peregrine Diamonds released news this morning that moved the stock 52%, to 64 cents, by the time markets closed. A 222-dry-tonne bulk sample from the company’s CH-6 kimberlite returned an impressive grade of 2.7 carats per tonne and 48 diamonds larger than 1 carat, including a 3.54-carat stone. CH-6… Continue Reading
Peregrine Diamonds stock was introduced to a cliff earlier today when the company disclosed that DeBeers has elected not to exercise its option for 50.1% of Peregrine’s Chidliak diamond project on Baffin Island. Shares dropped from yesterday’s close of 65 cents down to the low-30s, before bouncing to 41.5 cents at the time of writing.… Continue Reading
“History does not repeat itself but it does rhyme.” Mark Twain (or somebody else) For resource speculators, “deals” abound as a result of the great junior mining shakedown of 2008-2013. And therein lies the danger: deals abound but value is elusive. Most junior mining stocks are priced for the end of the world and for… Continue Reading
By James Kwantes, World of Mining Rebalancing, Part 2: Signs of life (click here for part 1) In my last post, I detailed the positions that I’ve sold (Amerigo Resources, Sandstorm Gold/Metals & Energy) or dramatically reduced (Lumina Copper) in the past couple of months. This post takes a closer look at stocks I’ve purchased… Continue Reading
