With the situation in Ukraine reaching a fever pitch, gold has surged back above $1315 this morning: Click to enlarge Russia appears to have every intention of destabilizing Ukraine to the point of provoking an all out civil war which will give it the cover to enter the east under the auspices of “peacekeeping”. Gold… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Texas is oil country. The state I now call home leads the nation in oil production and would be one of the top oil-producing nations if it were its own country. But that doesn’t stop us from exploring other promising oil opportunities further afield.… Continue Reading

This week a privately held gold company developing the Hope Bay gold project in Nunavut raised $78 million in equity, with $65 million of it coming from Resource Capital Funds which is a leading mining focused private equity firm.  The private company is called TMAC Resources and is led by Chairman, Terry MacGibbon, who founded… Continue Reading

The Toronto Venture Exchange (TSX-V) started 2014 off with a blistering 20% rally which gave way to a shallow pullback since the beginning of March: Click to enlarge Summer seasonality tells us to sell in May and come back in late-August. However, the recent double-bottom at 980 offers a solid downside reference point – a… Continue Reading

There has been a lot of talk about private equity ‘circling’ the mining space, however little has come to fruition. Today we meet a dynamic young financier who has already begun to deploy $375 million in the sector. Michael Scherb is the 32-year-old founder of Appian Capital Advisory LLP, a mining-focused private equity investment firm established in… Continue Reading

We are fresh back from a field trip to Curis Resources’ Florence copper project in Arizona. Curis is deploying a strategy to: 1. gain permits for part of the operation; 2. prove that it is safe and viable; and 3. permit and build a larger operation. Yet Curis shares trade for a fraction of what… Continue Reading

The high-grade intercepts continue at the Kinsley Mountain project part of Mark O’Dea’s Pilot Gold (PLG:TSX).  The final five holes of a twelve hole, 3,500m winter program were released today and they included 10.6g/t Au over 30.0m in PK133C (step-out), including 16.1 g/t Au over 16.5m and 21.3g/t Au over 29.0m in PK137C (infill), including 46.4g/t Au over… Continue Reading

Roxgold (ROG:TSX) which is developing the highest grade undeveloped gold deposit in the world, released their final feasibility study for the Yaramoko project in Burkina Faso.  The feasibility study was in line with the company’s September 2013 preliminary economic assessment.  The company is on track to complete the final stages of permitting in Q3/2014 with underground… Continue Reading

(Sandstorm Gold has outperformed the gold miners index) With limited near-term growth opportunities in the non-precious metals streaming space, Sandstorm Metals and Energy (SND:TSXV) has agreed to be acquired by Sandstorm Gold (SSL:TSX) for cash and shares totaling $49 million.  Sandstorm Gold will issue shares based on an exchange ratio of 0.178:1 as well as issue $0.35… Continue Reading

KZD data by YCharts Yesterday, Kaizen Discovery (KZD:TSXV) announced it has signed a definitive agreement to acquire West Cirque Resources (WCQ:TSXV) in an all stock transaction.  West Cirque is a prospect generator with copper porphyry targets in BC.  Kaizen is a exploration company which is majority owned by HPX TechCo which is 50% owned by billionaire mine… Continue Reading

The New York-based alternative asset manager, The Lind Partners, have announced a unique strategic partnership with John Hancock (the eldest son of Gina Rinehart of Hancock Prospecting, the largest private company in Australia) in which Mr. Hancock will become a consultant to Lind and advise them on investing in the Australian resource sector.  The team at The Lind… Continue Reading

SPE data by YCharts The recently consolidated Spartan Energy (formerly Renegade Petroleum and Alexander Energy) has provided their first post-merger quarterly production and drilling update.  The company has been garnering a lot of attention from institutions and analysts abroad due to the underappreciated assets that have been removed from Renegade and put into the capable… Continue Reading

This morning, the long awaited financing piece for Torex’s (TXG:TSX) Morelos project has been found. The company announced it has signed a commitement letter with six banks, including Bank of Montreal, BNP Paribas, SocGen, Commonwealth Bank of Australia, ING and Bank of Nova Scotia for a US$375 million, 8.25 year project debt facility.  This package fully-funds Torex to complete their 21… Continue Reading

Skyharbour Resources (SYH:TSXV) has released the initial results from their first phase of drilling at the Preston Lake project in the Patterson Lake South discovery area.  The uranium explorer has drilled five holes (totally 986m) which have all encountered broad, hydrothermally altered and reactivated structure with three of the holes intersecting elevated radioactivity. Drill hole… Continue Reading

AKG data by YCharts As the company promised, Asanko Gold (AKG:TSX) has finalized and amended their $150 million project debt facility with Red Kite which is inline with the previous terms.   Final definitive agreements are expected by the end of Q2.  When Asanko merged with PMI Gold late last year and the combined entity revised their plan… Continue Reading