Australian-listed Highfield Resources (HRF:ASX) received another vote of confidence from their largest shareholder, Owen Hegarty’s EMR Capital. The Australian-based private equity group (EMR Capital) became a substantial shareholder in the company last year with the hopes of turning a big profit with a series of Spanish potash projects Highfield holds. EMR increased their holdings in… Continue Reading
This morning, Pilot Gold (PLG:TSX) which is best known for a growing series of large-scale copper porphyries in Turkey as well as a ‘Long Canyon lookalike’ in Nevada, has now added a Utah project to its fold. The company announced this morning, that they have agreed to acquire Cadillac Mining for shares valuing the company… Continue Reading
While B2Gold’s evaluations team has been busy with their purchase of Papillon Resources for $570 million worth of stock, the team at the company’s newest gold mine, Otjikoto, continues to bring the project closer to first gold by year-end. This morning, B2Gold provided investors with the latest drilling results from the high-grade Wolfshag zone which continues to… Continue Reading
Lonmin is the biggest gainer on the news out of South Africa, up 11% today. Anglo American, Impala and Ivanhoe all remain flat. Reports today indicate that the long-standing strike between platinum miners and the Association of Mineworkers and Construction Union (AMCU) that has crippled South Africa’s mining industry looks to be coming to an end. According… Continue Reading
Today, Petroamerica Oil (PTA:TSXV) got a vote of confidence for their bid for Suroco Energy (SRN:TSXV). ISS Proxy Advisory Services published a report recommending Suroco shareholders vote in favour of Petroamerica’s share offer which valued the company at roughly $0.573 per share (or 1.7627 Petroamerica shares for each Suroco). This was quickly followed up with… Continue Reading
Recently, Larry King interviewed Chaith Kondragunta who is the founder and President of AnalytixInsights Inc. (ALY:TSXV) which is a small company in the big data world. They have a program called CapitalCube which analyzes thousands of stocks (globally) every day through the use of advanced and complex algorithms to provide users with written research reports based on… Continue Reading
When Pilot Gold (PLG:TSX) made a significant new gold discovery in Nevada, the investment community got very excited, and rightfully so. After all, Pilot’s team is the same one that made the Long Canyon discovery (also in Nevada) which was subsequently sold to Newmont for $2.3 billion, making themselves and shareholders substantial amounts of money.… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) which has come under pressure recently due to capital concerns and a South African platinum industry that is in severe turmoil, has relieved some pressure today by announcing the closing of their bought-deal financing, exercise of the full greenshoe and closing of a concurrent $25 million private placement with their Executive Chairman.… Continue Reading
The developer of the Soledad heap leach gold project in California, Golden Queen Mining (GQM:TSX) announced this morning that they have agreed to sell 50% of the project to an insider group for $110 million in cash. The insider group includes long-time shareholders from the Clay family (East Hill Management LLC) as well as the… Continue Reading
In a letter directly to Timmins Gold (TMM:TSX) shareholders this morning, Sentry Investments precious metals portfolio manager, Kevin MacLean proposed a slate of six new directors which would replace six of the current eight directors. Proxy battles are usually a ‘last case scenario’ for unhappy investors due to the costs associated with them. Sentry is… Continue Reading
In an announcement that went, in my opinion, underreported but has potentially huge ramifications for the natural resources sector in Argentina was that the Paris Club of creditor nations and Argentina have come to an agreement for repaying nearly $10 billion in debts which are currently in arrears. Why this is significant for the natural resources… Continue Reading
In a note late last week, we noted that Madalena Energy (MVN:TSX) was the only junior with significant leverage to Argentina’s massive oil and gas reserves. The company is about to increase its leverage in the country by acquiring Gran Tierra Energy’s (GTE:TSX) entire Argentinian oil and gas business unit for $63 million in cash and stock. Madalena touts… Continue Reading
This morning the news started flowing again out of the Athabasca uranium Basin in Saskatchewan where millions of speculative dollars have been invested in the hopes of finding more of the highest grade uranium in the world. Aldrin announces the reason why they were halted yesterday and NexGen receives their drill permits for the Arrow… Continue Reading
Dr. Mark O’Dea’s West African gold developer, True Gold Mining (TGM:TSXV) has released the findings of their recently completed construction-level engineering plan and design work that has identified $9.7 million of capex savings at the Karma gold project. This represents a potential saving of roughly 7% from the current (and already low) $131.5 million identified in the feasibility… Continue Reading
After the market closed today Rio Alto Mining (RIO:TSX), who is in the process of acquiring fellow Peruvian gold company Sulliden Gold (SUE:TSXV), announced they have successfully come to terms with Agnico Eagle (one of Sulliden’s largest shareholders) to acquire their 8.6% stake in the target. Agnico Eagle has agreed to sell its interest in Sulliden for $1.10 per share or… Continue Reading
