LUC data by YCharts Lucara Diamond (LUC:TSX), announced this morning that its Board has approved a $0.02 per share semi-annual cash dividend.  This move is the first for the Lundin Group of Companies and highlights the stability of the Karowe mine’s diamond production.  The $0.02 dividend is to be declared in May with payment in June. … Continue Reading

Lukas Lundin’s base metals explorer, NGEx Resources (NGQ:TSX) this morning released seven of fourteen holes from their 2013/2014 field season at their Josemaria project in Argentina.  The focus of their 7,302m program was to define the high-grade supergene zone near the north end of the project and to test a possible extension there. Two of… Continue Reading

Bob Quartermain’s Pretium Resources (PVG:TSX) had a less than stable year in 2013.  The shares went from a high of $13.18 on January 2, 2013 down to a low of $2.89 in November 2013 amid controversy surrounding the legitimacy of their extremely high-grade Valley of the Kings deposit in BC, part of their Brucejack project.  Since… Continue Reading

Coming off the back of the recent early-stage discovery made by NexGen Energy (NXE:TSXV) yesterday, Skyharbour Resources (SYH:TSXV) and their joint venture partners have announced they have completed their gravity surveys on the Preston Lake project located in the Patterson Lake South region.  The gravity survey identified 23 gravity low anomalies which the company will follow up… Continue Reading

NCQ data by YCharts NCQ:TSX | 53,527,862 Shares O/S (basic) | $80,827,000 Market Cap | $1.45 – $2.20 Year Range | $1.50 Last Trade (halted) NovaCopper Inc which is developing the large, high-grade polymetallic Upper Kobuk Mineral Projects in Alaska, announced after market today that it would raise $20 million of which $10 would be allocated to three strategic investors… Continue Reading

After announcing the stock was halted yesterday morning, all eyes have been on the newswires for NexGen (NXE:TSXV) in anticipation of a new Athabasca Basin uranium discovery.  Well, the anticipation is over and the company has made a discovery.  Alright, an early-stage discovery.  This find comes in an unexpected area which means more drilling is warranted… Continue Reading

Last Thursday, Alderon Iron Ore (ADV:TSX) announced that the government of Labrador and Newfoundland had approved the building of third power line from Churchill Falls to Labrador West.  This meant that Alderon would be able to negotiate a power agreement with the government for their Kami iron ore project and represented a significantly positive step in… Continue Reading

Mason Graphite (LLG:TSXV) which is developing the high-grade, large flake, Lac Gueret graphite deposit in Quebec has closed the first tranche of their investment in NanoXplore who holds a proprietary technology for cost-effectively producing graphene from graphite.  Mason announced today that it has closed the first $350,000 for 20% of NanoXplore.  Mason’s President and CEO,… Continue Reading

The M&A markets in the resource sector have been hot so far this year with Goldcorp’s hostile bid for Osisko holding the top spot.  This morning, the Toronto-based private equity firm, Waterton Global Resource Management announced it has made a hostile bid for all of the shares of Chaparral Gold (CHL:TSXV) for $0.50 per share… Continue Reading

TGM data by YCharts True Gold Mining (TGM:TSXV) has support from some of the biggest and brightest resource investors, including their Chairman Dr. Mark O’Dea, Canadian mining behemoth Teck Resources and giant US mutual fund Liberty Mutual.  Today, the company announced it has closed a total of $51.9 million in equity. This financing makes the company’s flagship… Continue Reading

Coming off of their recent successful acquisition of PMI Gold, Asanko Gold (AKG:TSX) announced its development strategy for the development of the Ghana gold projects.  The company now holds the capability of producing over 400,000 ounces of gold per year (from zero currently) within 5 years.  Asanko successfully acquired PMI Gold in order to consolidate the Obotan and Esaase development… Continue Reading

LUP data by YCharts Lundin Petroleum (LUP:TSX) the 40% operator of the massive Johan Sverdrup oil field and their partners (40% Statoil, 20% Maersk Oil) have announced development plans.  Johan Sverdrup has between 1.8 to 2.9 billion barrels of gross recoverable contingent resources making it one of Norway’s largest oil discoveries.  At full field production, the group… Continue Reading

Recently, we had the pleasure of sitting down with two of exploration geology’s brightest young stars; Dr. Alan Wainwright and Daniel MacNeil.  Dr. Wainwright (Chief Geologist) and Mr. MacNeil (Project Acquisition and Development) allowed us to visit them in the humble Vancouver offices of their current venture, Desert Star Resources (DSR:TSXV). Mr. MacNeil has over… Continue Reading

This morning, Pretium Resources (PVG:TSX) hosted a web conference from Toronto’s St. Andrews Club which was intended to shed light on the Valley of the Kings resource estimate at their Brucejack project.  The presentation was led by Ivor Jones, an Executive Consultant with Snowden Mining Industry Consultants as well as Robert Quartermain (President and CEO,… Continue Reading

GCM data by YCharts Shares of Gran Colombia Gold (GCM:TSX) which came under severe pressure last year on the back of a dramatically dropping gold price and questions about their solvency, are up over 127% in February as the street feels the short squeeze.  Investors gained confidence in gold and gold equities in the early… Continue Reading