Continental Gold outlined the Buritica gold project in a feasibility study for the first time, delivering strong-looking economics on one of the largest high-grade gold deposits in the hands of a junior. Hurdles remain for Continental, permitting chief among them. But the feasibility study nonetheless crystallizes what the market should expect from Buritica if Continental… Continue Reading
In this still oh-so-harsh and selective market for junior financing, it’s hard to argue Atlantic Gold’s (AGB-TSX) debt deals – commitments for $135 million – are a bad deal for shareholders, though they do involve a sizeable forward sale of gold. That is, the $35-million marketcap junior looks to avoid a massive, or imminent, equity… Continue Reading
Aircraft-maker Bombardier (BBD-B), as other manufacturers in the past, has gone to Ottawa hat in hand to ask for some $1 billion, reportedly, to match funding of that scale already doled out by Quebec. Now, generally, there are lots of good reasons to oppose government bailouts of corporations, this one included. Mostly because the government is less… Continue Reading
To an extent I can see it Taseko’s way. The Vancouver based copper miner lashed out at Raging River today, outlining a plot that casts the dissident shareholder as working against the best interests of stock holders, amassing a stake in the company’s debt in “secret”, as Taseko Mines (TKO-T) put it. So it warns… Continue Reading
In light of the mini-gold rally we’ve had, I’ve been curious what some of the big names in junior investing are doing with it. Buying? Selling? Think it’s going to last? My first inquiry went to Rick Rule, Chairman of Sprott US Holdings. He was quick to get back. And he was forthright as usual.… Continue Reading
Fission Uranium (FCU-T) found another high-grade uranium zone on its PLS property in the Athabasca Basin, Saskatchewan. Earlier this morning Fission noted a significant hit about 300 metres east of its main resources in the R780E zone with up to eight metres counting over 10,000 cps radioactivity in a broader 56-metre intercept starting 66 metres… Continue Reading
Mariana Resources outlined a few tantalizing drill hits on its 30%-owned Hot Maden gold-copper project in Turkey this morning highlighting, yet again, why the story remains one of the most interesting discoveries in recent years. The recent hits add near-surface extension of uber-grade gold and copper, including 71 metres @ 32.7 g/t Au and 1.99%… Continue Reading
Tahoe Resources (THO-T) and Lake Shore Gold (LSG-T) plan to join forces in a nearly $1 billion all-stock deal that sees Tahoe gobble up Lake Shore. Lake Shore shareholder are to end up with 26% of the combined company and get a roughly 25%-30% premium to recent Lake Shore shareprices. That the deal might be… Continue Reading
Take a look at recent headlines on gold this week. It seems the mainstream financial media is taking a shine to the metal as the price jumps, over $1,150/oz today. A lot of the commentary has been positive – casting gold as the safe-haven asset as other financial asset classes tumble (like stocks). You may… Continue Reading
The bottom is in for gold creating an “incredible buying opportunity” in mining shares as well as in gold and silver, Bob Moriarty of 321gold.com tells CEO.ca in a recent podcast. He points to work by James Flanagan, Gann Global Financial, noting the rather explosive rise in the XAU and HUI. The XAU is about… Continue Reading
Kip Keen: We’re joined on the line by Darin Labrenz, President and CEO of Pure Gold. They’re just about to start a drilling program on the Madsen gold project in the Red Lake District. It’s a past producing mine with major permitting still in place and a mill on care and maintenance. Welcome Darin. Darin… Continue Reading
Thursday night the TSX Venture held a town-hall meeting to gather feedback on how best to revitalize the exchange amidst a gruelling bear market for juniors. The topic trended on chat.ceo.ca as a number of our regulars chimed in on the raucous event. In case you missed it, we tagged it#tsxvtownhall on chat.ceo.ca. You’ll find most of the… Continue Reading
Sierra Metals (SMC-T) looks destined to boost resources and mine grades with news it drilled into a strongly-mineralized zone at its Yauricocha mine in Peru. It looks like this: Sierra, drilling from underground, hit a zone with high copper mineralization about 400 metres north of its Central Mine area (i.e. current operations). The zone is… Continue Reading
The core shack at Roundup is where you find serious teams who are still funding exploration projects in a harsh market. It’s also one of the better places to talk shop on existing or emerging discoveries. Monday, we did Part I. Today, in Part II, a few more stories catch our eyes. Barrick Gold (ABX-T)… Continue Reading
The latest estimate of Ivanhoe’s Kipushi Big Zinc zone will not stun the market. It was already well-known that the deposit, part of the past-producing Kipushi mine, contained masses of ridiculously high-grade zinc. But in upgrading historic resources Ivanhoe, which owns 68% of the project, clearly shows that the Big Zinc zone is a quite… Continue Reading
