In the world before Brazilian billionaire, Eike Batista fell from grace, CB Gold (CBJ:TSXV) was a market favorite.  Prior to Batista losing the vast majority of his wealth due, in part, to the commodity price decline as well as some unhealthy personal leverage, Colombian gold juniors had a bid.  In February 2011, after a few… Continue Reading

After successfully acquiring the Masbate Mine as part of their buyout of CGA Mining, it appears Clive Johnson and his team may be looking for more assets to buy.  This morning B2Gold (BTO:TSX) announced a US$225 million offering of senior subordinated convertible notes due in 2018.  The company currently has $95 million cash with an additional $100… Continue Reading

NexGen Energy (NXE:TSXV) has started a 3,000m drill program on their Rook I property which is located next door to Alpha/Fission’s PLS project (see recent drill results here). NexGen has already completed aerial VTEM and magnetics as well as ground gravity testing. The exploration team at NexGen, led by Andrew Browne, has already defined a… Continue Reading

When Glencore and Xstrata merged earlier this year in a $30 billion deal, the Chinese regulators demanded that Glencore sell its Las Bambas mine in Peru by September 30, 2014 in order for them to approve the massive merger.  It appears that Chinalco Mining, the listed copper arm of the state-owned Aluminum Corp of China is interested… Continue Reading

Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced this morning, after being halted late yesterday, that they had discovered a fourth mineralized zone at their Patterson Lake South Discovery.  The fourth zone, R945E, is located 165m grid east of R780E zone and extends the total strike length of the PLS deposit to 1.05km.  Hole PLS13-084 hit… Continue Reading

Pretium Resources (PVG:TSX) released more stellar high-grade results from its Brucejack project  located 65km north of Stewart, BC.  The results come from the resource zone known as the Valley of the Kings which hosts the company’s world-class 6.6 million ounces of gold at an average grade of 13.6g/t gold.  The Company is currently performing an… Continue Reading

B2Gold (BTO:TSX) announced its Q2/2013 results which appeared, on the face, to be weak.  However, a dig deeper illustrates that most of the downward earnings adjustments were related to one-time charges related to the closing of the acquisition of CGA Mining and the Masbate gold project in the Philippines.  Adjusted EPS came in below consensus of $0.03… Continue Reading

Nolan Watson’s Sandstorm Gold (SSL:TSX), the junior precious metals streaming company (they make upfront payments for future gold production which they pay a fixed per ounce amount on, discounted to the spot price of the metal) announced today that it has entered into an agreement to purchase Premier Royalty (NSR:TSX) for 0.145 shares of Sandstorm.  The… Continue Reading

Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced further results from their $6.95 million, 44 hole, 11,000m drill and ground geophysics program at their Patterson Lake South (PLS) deposit in the Athabasca Basin of Saskatchewan.  The companies announced drilling results including hole PLS13-080 which encountered 13.41m composite off-scale mineralization including 7.6m of continuous off-scale mineralization.  This… Continue Reading

Alamos Gold (AGI:TSX) announced that it has received final signatures from the Turkish Ministry of the Environment and Urbanization for its Kirazli gold project located in Turkey.  The EIA on the Agi Dagi project has been progressing as well and is now at the final stages for approval.  With no debt and approximately $475 million… Continue Reading

Pacific Rubiales (PRE:TSX) the Colombian oil producer, headed by Co-Chairman Serafino Iacono, announced its second quarter results which were somewhat mixed.  PRE saw its net earnings diminish from $224 million ($0.76 per share) in Q2/2012 to $58 million ($0.18 per share) in Q2/2013.  The reason for the reduced earnings was foreign exchange losses as well… Continue Reading

Joseph Conway’s Primero Mining (P:TSX) announced its Q2/2013 results this morning and they were impressive.  The company was able to achieve what most junior gold producers do not these days; to deliver solid results and raise production guidance for the year.  Primero produced over 39,000 ounces at $551/oz Au-Eq (gold equivalent) cash costs.  On the… Continue Reading

Capstone Mining (CS:TSX) announced today that it would acquire the right to earn up to 70% of the Project Providencia from Sociedad Quimica y Mineral de Chila S.A. (SQM).  The property is somewhat strategic in that it sits approximately halfway between Capstone’s Santo Domingo Project and Anglo American’s Mantos Blancos copper mine. SQM is a… Continue Reading

Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced the results of an additional four drill holes from their Patterson Lake South Deposit (50/50 Joint Venture) in the Athabasca region of Saskatchewan.  The two are in the process of completing a $6.95 million, 11,000m drill and ground geophysics program on the project.  Drilling highlights included 18.5m… Continue Reading

Paladin Energy (PDN:TSX), which was halted yesterday, resumed trading today after announcing it was cancelling the sale of a minority interest in the Langer Heinrich Mine in Namibia and is instead going to issue 15% of its outstanding share capital at a 30% discount to the market.  Needless to say, the market isn’t happy, with shares down… Continue Reading