This morning, Canada Carbon (CCB:TSXV) announced the preliminary results of laboratory characterization tests being conducted by Evans Analytical Group (EAG) on its Miller high-purity hydrothermal graphite. The results were obtained using Raman spectroscopy and definitely determines the degree of crystallinity of graphite (and other materials). These tests showed that the Miller project’s graphite has an abnormally… Continue Reading
Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million. The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively. The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading
Last week, True Gold (TGM:TSX) announced a $36.6 million bought deal at a price of $0.40 (half warrant at $0.47). The deal was led by RBC Capital Markets and included BMO and Haywood. RBC was rated the top advisor for Canadian M&A for the third straight year (Bloomberg). Sources tell us, it is close to… Continue Reading
Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV) has signed an agreement with a private Mexican company to acquire a 100% interest in the Cajon gold project with their strategic alliance partner, Hochschild Mining Plc. The Cajon project is located near Goldgroup’s (GGA:TSX) Cerro Colorado mine and Timmins’ (TMM:TSX) San Francisco mine. Recent exploration work… Continue Reading
Virginia Mines (VGQ:TSX), a hybrid between an exploration company and a royalty company, has signed an agreement between three Quebec institutions to help finance $28 million worth of expedited exploration at the company’s Coulon massive-sulphide prospect in Quebec. The financing group included SODEMEX Developpement LP (a subsidiary of the Caisse de depot et placement du Quebec)… Continue Reading
Asanko Gold (AKG:TSX) and PMI Gold (PMV:TSX) announced in mid-December that they intended to merge the two to take advantage of the synergies between their two assets in Ghana. The two attempted to merge in late 2012, but was later terminated as PMI shareholders’ couldn’t agree. Asanko has since significantly de-risked their project and is… Continue Reading
Robert Disbrow, the Vice President of Institutional Sales and Director of Haywood Securities Inc and co-founder of former institutional powerhouse firm First Marathon, is acquiring shares of micro-cap silver-zinc explorer Caracara Silver (CSV:TSXV). According to filings, Mr. Disbrow has acquired roughly 2 million shares since September 2013 at prices ranging between $0.065 and $0.025 per… Continue Reading
The Matthew Hornor led Kaizen Discovery (KZD:TSXV), which is over 40%-owned by legendary resource developer Robert Friedland, has secured a $5.1 million strategic investment from ITOCHU Corp. of Japan. Matthew Hornor has deep connections in Japan and was instrumental in securing Ivanhoe Mines’ (IVN:TSX) $300 million investment by a Japanese consortium for their Platreef platinum project… Continue Reading
Endeavour Mining Delivers 324k oz in 2013, Forecasts 400k to 440k oz in 2014. All in costs: $985-$1070 Today, after the Canadian markets closed, Endeavour Mining (EDV:TSX) released their 2013 fiscal year end numbers as well as an official outlook for fiscal 2014. The company produced a total of 324,275 ounces of gold in 2013 which… Continue Reading
Bankers Petroleum (BNK:TSX), the Calgary-based heavy oil producer, is Albania’s largest foreign direct investor. The video focuses on Albania’s oil history as well as Bankers’ massive Patos-Marinza oilfield. That oilfield is the largest ever discovered in continental Europe. The company drilled 146 wells into the Patos-Marinza field in 2013 and expects to drill over 175 in… Continue Reading
According to reports this afternoon the rumor that Edgecrest Capital was in talks to acquire Stonecap Securities appear to be true as the two announced the acquisition after the market closed today. The price wasn’t disclosed, but the move by Edgecrest allows them to enter the US market via Stonecap’s FINRA registration without having to go… Continue Reading
Colombian E&P company, Canacol Energy (CNE:TSX) released the results of their Mono Arana 2 appraisal well today. The well is located on the VMM2 block which Canacol holds a 20% working interest in and is operated by 80% holder ExxonMobil. The Mono Arana 2 well was drilled in the Middle Magdalena Valley of Colombia and… Continue Reading
Endeavour Mining (EDV:TSX), the African gold miner, that currently operates three mines in West Africa has announced commercial production has been reached at its fourth mine; Agbaou in Cote d’Ivoire. The company expects to grow production by 1/3rd this year, to approximately 400,000 ounces (up from 300,000 ounces in 2013) while reducing all-in costs per ounce below… Continue Reading
West African gold developer, True Gold Mining (TGM:TSX), is developing one of the most intriguing gold projects held by a junior cap company, and has received its final exploitation permit for the company’s Karma gold project in Burkina Faso. This represents the final permitting hurdle after announcing, earlier this month, that they had received the environmental go ahead… Continue Reading
According to a Bloomberg article last week, ‘Big Mick’ Davis, the former CEO of Xstrata Plc, is seeking to raise $3 billion for his private, X2 Resources, prior to him acquiring any assets. Davis, the 55 year-old South African, has raised $1 billion from investors including private equity firm TPG and Asia’s largest metals trader, Noble Group. … Continue Reading
