Glenn Mullan, Chairman of Abitibi Royalties $RZZ is here. Recent share price: $2.49 Shares outstanding: 11 million Market capitalization: $27.2 million Cash balance: $2 million Marketable securities: $26 million (paying $400,000+ in dividends each year) * All figures approximate What Glenn’s saying: – Abitibi has low overhead and a goal of decreasing shares outstanding through… Continue Reading

Here is a look at some of the news releases that caught my eye this morning with some additional comments on each. Balmoral Resources – (BAR:TSX) – Balmoral Resources is out with assays from 9 holes from the 2015 winter drill program at the Martiniere property in Quebec. The Martiniere property forms part of Balmorals massive 700+ square… Continue Reading

Glenn Mullan and Ian Ball’s Abitibi Royalties (RZZ:TSXV) has reached a deal to sell its 30% free carried interest in the Malartic CHL project to Yamana Gold and Agnico Eagle Mines. The Malartic CHL project adjoins one of Canada’s largest producing mines, the Canadian Malartic mine. Yamana and Agnico acquired Malartic for $3.9 billion in April 2014.… Continue Reading

After recently taking over as President at Abitibi Royalties (RZZ:TSXV), Ian Ball announced an odd move this morning; re-releasing previously reported drill results from 2008 on the Malartic CHL property.  The drilling is from the Norrie zone which appears to host bulk-tonnage gold mineralization and was drilled by the former owner, Golden Valley Mines, prior to its… Continue Reading

If you are paying attention to who the next generation of mining leaders will be, you’ve probably heard of Toronto’s Ian Ball, 32, who resigned from the President position at McEwen Mining earlier this year and was a close protege of Mr. McEwen for ten years. Today Ball was appointed president of a small (10.25… Continue Reading