Today marks a significant achievement for Red Eagle Mining (RD.V) and the entire Colombian gold sector. The South American nation has a long and storied history of gold mining, but no modern gold mine has been permitted in the country. This all changed this morning when Red Eagle announced the receipt of their Environmental License, the… Continue Reading
The Prospectors and Developers Convention (PDAC), held last week in Toronto, is the largest annual mining conference, with over 23,000 attendees this year. The event is typically when small mining companies rush to put out news releases to try and get attention. This year, the fourth consecutive year of declining share prices and financing activity… Continue Reading
The owner of one of the world’s largest and lowest grade gold mines is filing for bankruptcy. Allied Nevada Corp. (ANV.TO), which owns the massive Hycroft gold mine in Nevada, has reached an agreement with its note holders to restructure the company. ANV and the supporting noteholders have also agreed on a $78 million debtor… Continue Reading
The Democratic Republic of Congo (DRC), a big, lush, mineral-rich country in the heart of Sub Saharan Africa, currently produces roughly 6% of the world’s copper (approx 1 million tonnes per annum). Mining engineer and CFA Tom Meyer, an equity research analyst with CIBC World Markets, is concerned DRC supply could be in jeopardy, compounding… Continue Reading
Two promoters tried to pitch me on writing free articles for them this morning. Neither seemed to know much about CEO.ca, nor get to the point about what’s in it for readers (and or me, the writer), so I ended the calls rather quickly. Several years ago, I met Cameron Herold, the Back Pocket COO,… Continue Reading
Buccaneering financier Jim Slater has been sharing stock tips in the Telegraph newspaper for over 50 years. It’s important for potential investors to keep an eye out for these kinds of articles, as well as things like Grizzly Reports which help you to avoid making bad decisions. As well as this useful site, there are… Continue Reading
Could equity crowdfunding fix junior mining’s financial woes? The Globe and Mail asked this question of a number of PDAC participants, and heard a variety of responses. The least optimistic of which came from one of the sector’s most accomplished faces. “The trouble with mining and exploration is it requires large amounts of capital,” Mr.… Continue Reading
I interviewed mining and oil tycoon Lukas Lundin for the Financial Post’s PDAC edition which is in print today. Mr. Lundin talks about how he’s positioned his family natural resources empire for the next 1-4 years. Read: PDAC 2015: Lukas Lundin sets lofty goals as he re-enters gold game Mr. Lundin said a lot of… Continue Reading
Arizona prospector Dave Lowell was born to find hidden treasure. The 87-year-old prospector is probably the world’s best mine finder, having discovered an amazing 17 ore bodies. And as it turns out, he’s a fine writer as well. In his new autobiography, titled Intrepid Explorer, Mr. Lowell vividly recalls a lifetime spent in mining and… Continue Reading
A tight community of stock brokers, promoters and Canadian diamond investors saw some excitement today as North Arrow Minerals (NAR.V), a diamond explorer with active projects in Nunavut, Saskatchewan and elsewhere in Canada, halted its stock pending news. Over at our financial news chat application, chat.ceo.ca, users started speculating whether it would be drill results… Continue Reading
The oil price crash of late 2014 has been especially harsh on small-cap producers, and Colombian focused E-P Petroamerica Oil (PTA.TSXV) is no exception. Its shares have fallen over 70% since September 2014. The company reported December 31, 2014 year end reserves yesterday evening (NR here), focusing on 2P volumes of approx 8.1mmboe and a 2P… Continue Reading
Chuck Fipke and Chad Ulansky’s Northern Uranium Corp (UNO.V), which we featured on CEO.ca yesterday, provided an exploration update for the company’s North West Manitoba property, where exploration is focused on the Maguire Lake area. The news release, authored by Northern President and CEO Chad Ulansky, describes “spectacularly encouraging” alteration observed while drilling an intense… Continue Reading
If anybody deserves a drink at PDAC it’s me. In the past 2 months, CEO.ca and Resource Opportunities shipped over 30 interviews and bootstrapped the coolest Canadian financial app ever (I’m biased). That would be chat.ceo.ca We are building an interface for young investors and we promise to have old-timers in there as well because… Continue Reading
Haywood Securities Managing Director of Investment Banking Kevin Campbell interviewed Lukas Lundin for a pre-PDAC message from Lundin, the billionaire Swede mining and oil tycoon whose Lundin Gold and the Ecuadorian Government are co-sponsoring the event. Lundin says the world is growing at 2-3% per year and still needs metals. And he sees great opportunity in this… Continue Reading
Chad Ulansky cut his teeth on Ekati, Canada’s first diamond discovery, but it’s uranium that he’s hunting for now in Canada’s frozen North. The Kelowna geologist is president and CEO of Northern Uranium (TSXV:UNO), which is exploring in northwestern Manitoba just beyond the eastern edge of the prolific Athabasca Basin. Ulansky got his start as… Continue Reading
