Patterson Lake area explorer, Aldrin Resources (ALN:TSXV) is halted this morning pending news. On May 13, Aldrin announced it had resumed drilling on their Triple M project (adjacent to Fission’s Patterson Lake South discovery) after the spring breakup in Saskatchewan’s boggy fields.  The timing would be about right for them to have results from initial drilling and hence the halt. Aldrin is drilling… Continue Reading

LCC data by YCharts Ross Beaty’s Lumina Copper (LCC:TSXV) which is developing the world-class Taca Taca copper asset (21.15 billion pounds of copper, 5.56 million ounces of gold and 615.8 million pounds of molybdenum) in Argentina has caught a bid, up $1.23 per share to $7.61 at the time of writing. The company released a mandatory… Continue Reading

Yesterday, Australian-listed Papillon Resources (PIR:ASX) was halted at the company’s request pending a “potential corporate transaction”.  If Papillon is part of a larger producers’ M&A mandate, then it would represent the 3rd such gold transaction in the past 2 weeks. Last week saw Rio Alto make a friendly, $300 million, bid for nearby Sulliden Gold and… Continue Reading

Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV), has begun initial ground work at the Swift Katie prospect in BC.  The initiation of exploration at Swift Katie will focus on refining targets for a late summer drill campaign.  Of particular focus will be the new “Swift” target which is located 2km south of the historical… Continue Reading

The microcap junior, Aston Bay Holdings (BAY:TSXV) is up over 30% this morning on the back of the company’s announcement that it has entered into an exclusive due diligence period with an unnamed major.  All we know about the major mining company from the release is that it has a market capitalization in excess of $10 billion.  The… Continue Reading

Below is an article published by Reuters.  Note, the only junior with significant leverage to the Vaca Muerta is Madalena Energy (MVN:TSX).  Americas Petrogas also has interests there, but the company is under strategic review, meaning they are on the selling block.  Madalena has a market cap of $250 million and holds over 132,000 net acres… Continue Reading

According to an announcement from London-listed Polymetal International PLC, the company  has entered into binding agreements with Sumeru Gold B.V. and Sumeru LLP to acquire the Kyzyl gold project in north-eastern Kazakhstan for $618.5 million.  The project hosts a 6.7 million ounce deposit (average grade of 7.5g/t gold) which will immediately double Polymetal’s booked reserves. … Continue Reading

Five years after starting, Canadian resource-focused investment dealer, Byron Capital Markets has shut its doors.  Due to the lack of fundraising needs of mining companies in Canada, these boutique investment dealers, whose lifelines are small equity raises, are having a difficult time keeping afloat.  In this environment, the boutiques that lack significant advisory businesses (see… Continue Reading

Lucara shares are trading at all-time highs, approaching $2.00/share (up over 184% in the past 12 months)! After officially becoming the only Lundin Group dividend payer, Lucara Diamond (LUC:TSX) announced they have recovered an astounding 13 diamonds that are larger than 100 carats each, including 2 that exceeded 200 carats each (the five largest gem-quality… Continue Reading

The downtrodden gold mining sector has a new M and A deal to get excited about this morning, and this transaction is centred around creating a mid tier producer focused on Peru. Alex Black’s Rio Alto Mining is buying Stan Bharti’s Sulliden Gold for roughly $300 million in stock which values Sulliden at approximately $1.12… Continue Reading

A few weeks ago we interviewed Michael Scherb, the young founder of London-based mining private equity fund Appian Capital Advisory LLP.  In that interview Mr. Scherb told us, he saw tremendous value in the mining sector and aimed to allocate $150 million in select public and private companies this year. Well, Mr. Scherb continues to deliver on his promises.  On… Continue Reading

Bill Bishop’s The New Factory is a worthwhile 10 minute read for entrepreneurs. The author suggests that traditional business models, which focus first on products and services, are vulnerable in the new economy. The new factory, as the author calls it, is about choosing your customers first, and a big idea that draws them in.… Continue Reading

The most amazing part of the recent all-time highs in the US large cap indices (Dow, S&P) is that the small cap Russell 2000 has been undergoing a full blown correction (10%+) since the beginning of March. Is it possible that we are experiencing a unique market phenomenon consisting of a small cap only correction?… Continue Reading

As stated in our article yesterday, Ivanhoe Mines is currently (emphasis on currently) under capitalized to move Kamoa and Kipushi forward with major developments until the company secures some sort of financing for them.  However, as we stated, these two projects are absolutely world-class and they are controlled by Robert Friedland which means they will be financed in one way or another soon (joint venture, spin-off, equity, strategic investor).… Continue Reading

Robert Friedland’s Ivanhoe Mines (IVN:TSX) could get caught up, if not already, in the mess that is the South African platinum industry today.  The company filed their  mining right application for the Platreef project in June 2013 and if they do not receive it by the end of this month, all activities at the project will have to… Continue Reading