This morning, $6 million market cap junior, West Kirkland Mining (WKM:TSXV) (halted at open)announced they intended to acquire Allied Nevada Gold’s (ANV:TSX) Hasbrouck gold project in Nevada for $30 million.  The deal is subject to West Kirkland being able to obtain the necessary financing.  According to their third quarter financials, West Kirkland had less than… Continue Reading

After a roller coaster of a year in 2013, Armenian gold developer Lydian International (LYD:TSX) has found a replacement for their founding President and CEO, Dr. Timothy Coughlin who announced his retirement last year.  The company has elected Howard H.J. Stevenson to its Board as well as to lead the company as President and CEO… Continue Reading

Mason Graphite (LLG:TSXV) has announced the closing of its previously announced $700,000 equity financing which was announced in accordance with their 40% investment in NanoXplore Inc, the graphene producer.  The offering was fully subscribed for by Mason’s management as well as Forbes and Manahattan executives and was completed at a significant premium to the market price and… Continue Reading

Pilot Gold (PLG:TSX) has released their maiden resource for the KCD deposit on the TV Tower project.  The resource estimate focused on the Kucukdag gold-silver-copper deposit which is the first of several targets on the TV Tower property (40% Pilot Gold/60% Teck Resources).  The estimate was divided into a lower gold zone and an overlying silver… Continue Reading

Coming off a spectacular 2013 which saw the company’s share price increase over 100%, Canacol Energy (CNE:TSX), announced its plan for 2014.  The company expects to spend $150 million in capex this year to grow production by 30-40% to  11,500 and 12,500boe/d.  The company produced 8,796 boe/d (5,827boe/d and 17.2Mscf/d of gas). The production split… Continue Reading

This morning, Clive Johnson’s B2Gold (BTO:TSX) released an inferred resource estimate for the Wolfshag zone near the company’s Otjikoto gold project in Namibia.  The Wolfshag zone sits adjacent to the east and northeast portion of the pit for the Otjikoto deposit.  This initial resource estimate was comprised of 703,000 ounces of gold at an average… Continue Reading

Just prior to the market closing this afternoon, Mexican gold developer, Torex Gold (TXG:TSX) announced a $125 million bought deal financing underwritten by BMO Capital Markets.  The deal is for units at $1.20 per unit consisting of one share and 1/2 warrant exerciseable at $1.50 for 6 months.  This brings the company closer to fully… Continue Reading

Silver Bull Resources (SVB:TSX) provided investors with a recap of the developments they undertook in 2013 which saw them produce an initial preliminary economic assessment (PEA) at their Sierra Mojada silver-zinc project in Mexico.  They also updated the company with their plans for 2014.  The company will aim to derisk Sierra Mojada through advancing permitting… Continue Reading

Norway’s largest domestic non-state owned oil producer, Lundin Petroleum (LUP:TSX) announced fourth quarter and full year 2013 production results today.  The company produced an average of 31,100boe/d in the fourth quarter and 32,700boe/d for the full year average.  In the fourth quarter, Lundin Petroleum received an average price per barrel of US$109.  This remains a… Continue Reading

This morning two high-growth mid-tier gold producers, B2Gold (BTO:TSX) and Rio Alto (RIO:TSX) announced strong fourth quarter and 2013 production numbers.  The performance in the fourth quarter of these two companies shows the strength of this tier of gold company, even in todays environment.  They are producing at record levels and have been able to… Continue Reading

Pilot Gold (PLG:TSX) has made a significant breakthrough in Turkey, by finding a major new discovery of supergene copper underlying the oxide gold zones at the company’s K2 project, part of the TV Tower project (40% Pilot Gold/60% Teck).   According to the Pilot Gold, drilling and surface work suggest that at least two copper-gold porphyry systems… Continue Reading

The African-focused uranium producer, Paladin Energy (PDN:TSX) has come under pressure in the past few years due to a decreasing spot price for uranium as well as $600 million in debt on their balance sheet.  The market has been worried about the company’s ability to meet near-term obligations and the stock has been on a steady… Continue Reading

This morning, NexGen Energy (NXE:TSXV) announced the uranium explorer has begun their winter drill program at their Rook I project immediately adjacent to and northwest of Fission’s Patterson Lake South deposit.  The company has outlined a 6,000m drill campaign with two drill rigs.  NexGen has identified multiple targets from their 2013 summer drill campaign where… Continue Reading

Coming just two days after the announcement of a $12 million private placement, Cordoba Minerals (CDB:TSXV) announced this morning that they increased the placement to $15 million to meet demand.  They also announced the financing was now closed.  No overallotment option was given on the financing.  GMP Securities, Dundee and BMO Capital Markets were the co-leads… Continue Reading

Kaizen Discovery (KZD:TSXV) has closed its initial 49% earn-in for the Fairholme copper-gold porphyry exploration project in central New South Wales, Australia (Clancy Exploration owns remaining 51%).   The Fairholme project is located on the Fairholme Igneous Complex.  The company can earn up to 65% in the project by spending $4 million on the ground over the… Continue Reading