With all of the well-deserved attention of late on Lukas Lundin’s Lucara Diamond (LUC:TSX) due to their outperforming share price (continuing to hit all-time highs), the natural question would be; should they use their stock to grow? My answer is, unequivocally, yes. There are limited opportunities in the diamond space as discovering and mining diamonds is… Continue Reading
BusinessWeek has a short piece out profiling Gerry Schwartz who left Bear Sterns a few months after Jerome Kohlberg, Henry Kravis and George Roberts in 1976 (founders of private equity giant KKR). Schwartz, a Canadian, brought the same LBO platform home to Canada and founded Onex which has returned over 28% annually over the past 30… Continue Reading
Torex Gold (TXG:TSX), the owner and developer of one of the richest undeveloped open-pit gold mines in the world, has provided an update on how well the development of their Morelos project in Mexico is going (start-up scheduled for late 2015) as well as the latest results from their infill drilling program. The company has begun mining… Continue Reading
After bumping their original share and cash offer for Suroco up 33% (from $0.60 to $0.80 per share), Petroamerica Oil (PTA:TSXV) told investors this morning that their $0.80 offer would be the final one. Suroco’s Board is standing by Petroamerica’s offer as well. On April 28th, Petroamerica announced they had reached an agreement with the Board of… Continue Reading
This morning, African gold developer Roxgold (ROG:TSXV) announced they have mandated Credit Suisse and Societe Generale to find them $75 million in a senior project debt facility by year end. The money will be used to bring the high-grade Yaramoko project in Burkina Faso into production by early 2016. The project is expected to cost around… Continue Reading
Endeavour Mining (EDV:TSX) which operates four mines in Western Africa has continued their track record of delivering projects on time and on budget. Late yesterday, the company announced the completion of development at their Segala underground mine (part of their Tabakoto project) which allows Endeavour miners to access higher-grade ore and process it through the… Continue Reading
It has been over a month since the market heard operational news out from Africa Oil (AOI:TSX). This morning, investors received a nice surprise in the form of a new gas discovery on the company’s Block 9 in Kenya. In an upper gas interval in the Sala-1 well, the company tested 6 million cubic feet per… Continue Reading
As of today, the non-believers of Robert Quartermain’s Brucejack project have been proven wrong. Pretium Resources (PVG:TSX), which is developing the Brucejack project, released an updated feasibility study on the project late yesterday which showed strong economics and viability even at low gold prices. Since their last feasibility study in mid-2013, the company drilled underground in greater… Continue Reading
When it comes to the junior exploration sector, not much over the past 2 years has peaked investor interest. One large (and high-grade) caveat to this is the Patterson Lake South (PLS) uranium discovery made by Alpha Minerals and Fission Uranium in the fall of 2012. With a ten metre step-out drill hole late in a fall… Continue Reading
While the FIFA World Cup remains the highlight of Brazil today with a couple a good matches (the Netherlands continued their winning streak with a 3-2 victory over Australia this morning); another story in Brazil is receiving attention. This time it is Stan Bharti’s Belo Sun Mining (BSX:TSX) which is developing the Volta Grande gold project… Continue Reading
The fully-funded developer, Asanko Gold (AKG:TSX) has provided an update on its early works program and front-end engineering ahead of their Board’s final investment decision as well as groundbreaking ceremony at their Asanko Gold Project in August. The project early works remain on time and on budget. Asanko also provided an update on the resettlement action plan… Continue Reading
According to a report published by The Mining Recruitment Group (MRG), a Vancouver-based mining executive recruitment firm, executives are growing more confident in their industry as a new wave of M&A and relief from falling commodity prices have brought a shot of life into the industry. The report, we surveyed 232 mining executives reported a number… Continue Reading
As reported earlier this morning, Lumina Copper, was halted pending news and most people familiar with the story anticipated that it would announce a take over. We suspected a Chinese bidder, but also cited First Quantum as a potential buyer and that’s exactly who has stepped up to acquire Ross Beaty’s Argentine copper developer for $470 million in cash… Continue Reading
With most of the focus in the uranium exploration business currently focused on the west side of the Athabasca basin, specifically in the Patterson Lake South area, Denison Mines (DML:TSX) and others have been developing their high-grade projects on the eastern part of the basin. This morning, the Lundin Group company, Denison, announced an updated… Continue Reading
Ross Beaty’s Lumina Copper (LCC:TSXV) which is developing the world-class Taca Taca copper deposit in Argentina has see renewed interest over the past month from investors as rumors spread that a buyer may be close to pulling the trigger on the multi-billion project. This morning, the company’s stock is halted pending an announcement. Shares of… Continue Reading
