A recent tour of the Globe-Miami copper mining district between Phoenix and Tucson, Arizona provided four natural resource writers with an appreciation of the massive scale of mining operations in the region. The Globe-Miami district spans roughly 30km from west to east and is almost entirely composed of open pits, heaps, tailings, haul roads, processing plants and smelters,… Continue Reading

Lukas Lundin’s Lucara Diamond (LUC:TSX) announced its first exceptional stone tender of 2014 after the market closed yesterday and it shattered expectations.  The first exceptional stone tender was comprised of 20 diamonds totalling 1,191 carats which were sold for $50.5 million ($42,347/carat).  Last year’s average per carat value of their exceptional stone tenders was roughly… Continue Reading

The Lundin Group’s only mineral exploration vehicle, NGEx Resources (NGQ:TSX) announced fantastic results from their Filo del Sol project in San Juan, Argentina.  They released ten holes today, which continued to help expand the high-grade manto zone.  Filo del Sol is the last of NGEx’s three projects without a resource estimate.  The company expects to put out its… Continue Reading

Recently, we had the pleasure of meeting Michael McPhie at his former post as President and CEO of Curis Resources (CUV:TSX).  We were on a site visit of their Florence in situ copper recovery (ISCR) development project in Florence, Arizona.  Shortly after our meeting, a press release came to my attention which stated that Mr.… Continue Reading

PXT data by YCharts According to a Bloomberg article today, Parex Resources (PXT:TSX) is planning on doubling its current production of 17,500bopd.  The company, led by CEO Wayne Foo, has aspirations of growing to 50,000bopd, according to the article. “To be relevant in the market, you really have to be in the range of 25,000… Continue Reading

Asanko Gold (AKG:TSX) continues to advance their West African gold project towards first gold production in Q1/2016 by commencing the construction of its early works program.  The Board of Directors has approved a $16 million budget with a full investment decision on the Asanko Gold project anticipated by Q3/2014. The early works program includes: advancing detailed engineering, earth… Continue Reading

LLG data by YCharts After being halted for a couple of days, Mason Graphite (LLG:TSXV) got a nice surprise.  The company, which was running low on cash, announced an initial $8 million bought deal (which was subsequently raised to $10 million with an additional $1.5 million green shoe) with Ressources Quebec, a subsidiary of Investissement… Continue Reading

AKG data by YCharts Asanko Gold (AKG:TSX) has been able to take advantage of the gold endowments in Ghana, not only by finding and developing the Esaase deposit but also by acquiring a nearby and equally sized development project called Obotan (part of PMI Gold acquisition, now called the Asanko Gold Project).  Today, the company announced… Continue Reading

This morning, copper-gold explorer, Cordoba Minerals (CDB:TSXV) announced they have completed their amalgamation of the San Matias project and are now cashed up and ready to explore.  The company closed its acquisition of Sabre Metals and Cordoba Holdings which held parts of the San Matias and Cordoba properties in Colombia’s Mid-Cauca gold belt.  The project hosts high-grade copper… Continue Reading

(A short video explaining the size, significance and development of the Johan Sverdrup oil discovery – Source: Lundin Petroleum AB) Lundin Petroleum (LUP:TSX) has announced spectacular results from their appraisal well on the behemoth Johan Sverdrup oil discovery in Norway.  The appraisal well was a wild success, to say the least.  Initial testing flowed at a rate… Continue Reading

ROG data by YCharts After closing their recently announced ~$29 million bought deal financing, filings show that the London-based private equity firm, Appian Capital, has acquired 21.6 million shares (10.1%) in Roxgold (ROG:TSXV).  The shares were acquired as part of a BMO Capital Markets led $29 million bought deal financing priced at $0.58 per share.  Haywood… Continue Reading

Over the past few days we have seen a number of companies either continue to drill ‘best-to-date’ holes (Fission, NexGen) or begin their winter drill campaigns in Saskatchewan’s world-class uranium basin.  Add to that, the recent takeover bid from Denison (DML:TSX) of International Enexco (IEC:TSXV) and you have one area of the exploration sector that continues to heat… Continue Reading

Google co-founder Larry Page discusses Google, the internet, security/privacy, access and invention at this year’s TED hosted in Vancouver, BC. “Invention is not enough…if we can combine both things where we have an innovation and invention focus plus the ability to really commercialize things and get them out to people.” Watch other TED2014 videos at:… Continue Reading

With shares of Petroamerica Oil Corp (PTA:TSXV) continuing to trade at a deep discount relative to their North American peers, the company has announced a 55 million share buyback to reduce the float by ~10%.  Management announced today that the TSX Venture has accepted their proposal to make a normal course issuer bid to buy… Continue Reading

From March 25th to March 28th in Gaborone, Botswana Lucara Diamond (LUC:TSX) will begin their first exceptional stone tender of 2014 which is expected to be the best sale of diamonds yet.  The company has a number of large and rare stones on the block in this tender with the largest, Lot 401 expected to generate… Continue Reading