I’m dating myself here, but when I saw the AuRico Metals news release about drill intercepts at its Kemess East property this morning, I was reminded of Crocodile Dundee’s line when a young punk tried to rob him: “That’s not a knife. THIS is a knife.” The company, a royalty spinoff from the Alamos Gold-Aurico… Continue Reading
A look at this morning’s news includes production results from Fortuna Silver, Argonaut Gold, and St. Andrews Goldfields. Production results are important as they can help savvy investors get an idea about upcoming financials. Also in the news is a takeover of Carlisle Goldfields by Alamos Gold. Fortuna Silver (FVI:TSX) – Fortuna operates two mines, San Jose in Mexico… Continue Reading
A look some of the press releases catching my eye this morning. Bear Creek Mining – (BCM:TSXV) – Bear Creek has released an updated feasibility study on the Corani deposit in Southern Peru. Corani is one of the worlds largest silver-zinc-lead deposits and was discovered in 2006. Bear Creek states that the area is mining… Continue Reading
Here are my top resource stories of the morning with some additional thoughts on each. AuRico Gold and Alamos Gold – (AUQ:TSX) (AGI:TSX) – A merger between two lower cost gold producers this morning. The merger will create a new intermediate gold producer with mines in Canada and Mexico. MergeCo will operate 3 mines (Young-Davidson,Mulatos,… Continue Reading
Alamos Gold (AGI.T) just posted a small third quarter loss of $2.23 million as production was impacted by heavy rainfall. It was the company’s first quarterly loss of the year but investors can expect a stronger fourth quarter. I listened to the Q3 earnings call this morning to get the latest on the Alamos story.… Continue Reading
