Shareholders of the junior diamond explorer, Margaret Lake Diamonds (DIA:TSXV) have been anxiously awaiting the results of a high-impact helicopter survey which was flown over the Margaret Lake property in the Northwest Territories over the past two weeks. The helicopter survey, known as a HeliFALCON survey was initiated at the end of August with the… Continue Reading
Nevada is the place where Newmont and Barrick made their names. It is a place of very large gold operations that have been producing for decades and continue to provide these behemoth gold miners with baseline production and profits. It is estimated that Nevada produces 80% of the total US gold production. This morning, Nevada’s newest gold mine… Continue Reading
Sentiment in the mining sector got a huge boost earlier this year when Sean Roosen’s Osisko Mining was the target of a bitter bidding war between Goldcorp, Yamana and Agnico Eagle which ultimately saw the latter two companies co-acquire Osisko for $3.9 billion in the largest mining M&A deal of the year (so far). This morning,… Continue Reading
Agnico Eagle Mines has agreed to buy Vancouver-based junior Cayden Resources (CYD:TSXV) for $205 million in cash and stock in an announcement after market today that may come as a shock to Goldcorp. Under the agreement, which is supported by Cayden’s management and board representing 19.8% of the votes, each Cayden shareholder will be entitled to 0.09… Continue Reading
This morning, Roxgold (ROG:TSXV), the gold company developing one of the highest margin deposits in the world, announced the discovery of a new high-grade vein at their Bagassi South satellite zone on their Yaramoko project. Bagassi South is located roughly 1.8km away from the 55 Zone which hosts their mining resource. Highlights from the QV1 and… Continue Reading
In mid-2011 a small group of natural resource entrepreneurs made a killing when they sold their European shale explorer to San Leon Energy for $139 million. That company was Realm Energy and was debuted at $0.10 per share in 2009. Fast forward 2 years and they sold the company for the $1.30 per share in… Continue Reading
Unsurprisingly, Goldman Sachs’ head of commodities research, Jeffery Currie, told investors to short gold highlighting that the crises in Ukraine and Europe are supporting the price of gold but that the US Fed’s Policy shift would cause a sharp decline in the price of gold. Sound familiar? Currie is calling for a +$200 per ounce price… Continue Reading
After remaining halted for most of the trading day yesterday, Integra Gold (ICG:TSXV) announced that it made a timely and accretive asset acquisition which includes a fully-permitted 2,200tpd mill and tailings facility. Critically for Integra is key underground infrastructure which will allow the company to access their deposit from underground enabling them to drill from… Continue Reading
There are many companies with big bets on a future filled with electric vehicles. In the mining sector, none are more closely tied to this future than graphite and lithium producers. The commodity demand for electric and hybrid car batteries is potentially immense. Lithium batteries use a lot of lithium and even more graphite (10-30 times… Continue Reading
After releasing partially completed results from their first vertically drilled hole (AR-14-30) last week, NexGen Energy (NXE:TSXV) announced the results of that completed hole this morning as well as results from two other drill holes that also intersected high-grade uranium mineralization in 50 metre step-outs on the Rook I project. Hole AR-14-30 which was drilled to test the vertical… Continue Reading
CGX Energy, the company that has been on a tear since we interviewed Dewi Jones (President and CEO) back in March, announced this morning that the High Court in Guyana has upheld the injunction they were seeking against Repsol in order to stop the Spanish integrated oil giant from farming-out a portion of the Kanuku offshore oil block… Continue Reading
Patricia Mohr is Scotiabank’s Vice President of Economics and Commodity Market Specialist who, in 2012, won the Metal Bulletin Apex award for the top gold and overall precious metals price forecasts when she was 99.63% accurate in her call on the price of the yellow metal that year. Yesterday, she published a succinct report noting that a… Continue Reading
Uranium bulls got a potential (and much needed) boost this morning after a strike warning was sent to one of the world’s largest uranium producers which may cause them to close the world’s richest uranium mine, indefinitely. Also, Cormark Securities initiates on NexGen Energy (NXE:TSXV) with an $0.80 per share target price which translates to 45% upside… Continue Reading
After being halted for more than 24 hours, NexGen Energy (NXE:TSXV) informed investors of what news was awaiting dissemination; record total composite off-scale radioactivity from the latest drill hole which is still in progress. The shear size of this intercept, although still being drilled, required a halt until the company could release the results. Drill hole… Continue Reading
After months of delays, junior diamond explorer Margaret Lake Diamonds (DIA:TSXV) will finally begin their first pass exploration program on the Margaret Lake property in the Northwest Territories this week. This initial program will consist of a helicopter-borne gravity gradiometry known as the HeliFALCON® to help the company narrow down targets for drilling its extensive land package. Margaret Lake holds over 23,199… Continue Reading
