Copper has been on the rise since March, fetching more than $7,100/t, but the rally will end soon according to a report by Macquarie Capital titled “10 things we hate about copper – or why we reiterate a short in 2H.” The price of copper is highly correlated with economic growth and earlier this week… Continue Reading
Peter Koven of the Financial Post reminds us why he is one of the best mining reporters, distilling Cameco’s Cigar Lake uranium mine, one of the most complicated and significant mining operations on earth, down to a succinct 61 second video. Watch it over at FP’s site, or read the transcription below. “The cigar lake… Continue Reading
Roughly $70 million in market capitalization has been wiped off Petromanas Energy over the past two weeks, as shares in the Albanian focused oil and gas explorer have tumbled from $0.335 per share July 16th, 2014 to $0.235 at press time, despite no news over the same period. The company is currently drilling the Molisht-1… Continue Reading
It’s the end of an era on Vancouver’s Howe Street, the on-again off-again junior mining capital of the world, with the resignation of J. Francis “Frank” Callaghan as CEO of Barkerville Gold Mines, a role he had occupied since 1991. Mining engineer and current Barkerville Chairman Norman Anderson has been appointed temporary CEO of the BC explorer… Continue Reading
Weak iron ore prices have not stopped Canadian junior miner Alderon Iron Ore Corp from de-risking its Kami project in Quebec’s Labrador Trough, Canada’s most active iron producing region. Today the company announced an off-take agreement with mining and metals super major Glencore PLC, whereby Glencore will acquire all of the production from the Kami project… Continue Reading
Rick Rule’s conference in Vancouver this past week was just what the junior mining sector needed. Independent individual investors from nearly every corner of the globe met face to face with and heard from an extremely high quality group of executives from companies that have survived and thrived despite the past three year’s resource bear market.… Continue Reading
Netscape founder and iconic American venture capitalist Marc Andreesson shared some wise high-growth startup lessons on his blog page, one of which rings especially true for me today (post excellent Sprott conference hang over). #9 Confusing the conference circuit — and especially the party scene — with actual work. This also creates a toxic culture… Continue Reading
Wall Street has been aggressively cheer-leading the solar industry over the past couple of years. An example, Canadian Solar (NASD:CSIQ), has climbed 10x in value since 2012. Backing up the hype, solar panels are half the cost they were in 2008, and capital costs for solar-power plants have fallen by 22% in 2010-2013, according to an Economist… Continue Reading
With our apologies for the light postings this week, we are at the Sprott Natural Resources Symposium at the Hotel Vancouver, where a terrific event is underway (Schedule, Registration). The quality of companies exhibiting is higher than any other retail junior mining conference we have attended, and the same can be said for attendees. The event,… Continue Reading
I am very excited to announce something that I’ve been working on behind the scenes over the past couple of months, in fact I’ve been working for several years on it. Back in 2009 I met Joe Martin, founder of Cambridge House International, the junior mining conference company, and he very generously started bringing me… Continue Reading
A group of accomplished mining entrepreneurs have taken control of an un-loved junior mining company. Catalyst Copper Corp., which holds a 60% interest in the La Verde copper porphyry project in Mexico, closed a $1.4 million financing today, selling 20 million units, consisting of a $0.07 share and a full $0.10 warrant. Richard Warke, who… Continue Reading
Quick Links: Sprott Natural Resource Symposium Schedule, Registration. For the past 19 years, Agora Financial, the world’s largest financial publisher, has organized an impressive natural resource investment conference in Vancouver each summer. We learned from Sprott USA Chairman Rick Rule that Agora wanted to take a step back from hosting the annual event, and since Rule considered… Continue Reading
“There are some simple truths in the resource game,” Frank Giustra tells me. “The first truth is that you pick a great management team and you wait.” For the uninitiated, Giustra is one of the more successful natural resources investors of the past thirty five years. Some of you may know him as the founder… Continue Reading
Petroamerica Oil shares are headed a lot higher following a successful and hard fought acquisition of Suroco Energy announced earlier. Petroamerica has lagged its Colombian oil peers considerably, constantly trading for less than 1.5x cash flow because of its relatively small size and reserve life, concentration risk of its main Las Maracas asset, and a… Continue Reading
– Geologist shares secrets of White Gold sale, readies Red Mountain project near his hometown of Stewart, BC for prime time – New PEA could yield cheap, high-margin gold ounces – $10 million firm combines exploration, social license, engineering expertise – Here McLeod and McPhie tell the IDM Mining story on video for first time… Continue Reading
