“One drill hole changes the game. It’s very hard to decide who gets to make it and who doesn’t. It’s a big gate, and yet very few make it through. But you have to let them try.” — Lukas Lundin “Did you know you were getting the better end of that deal with Kinross?” I… Continue Reading

The Q1 2013 Newmont Mining conference call was about as somber as a funeral procession and company management offered little for investors to get excited about in the future. The senior gold producers have clearly turned their attention to aggressive cost cutting after years of mining cost inflation and terribly timed spendthrift acquisitions of lackluster… Continue Reading

Copper and silver tycoon and environmentalist Ross Beaty sees stagnant global growth, but strong fundamentals for gold. Here he shares his views, and a few memorable moments in his career — on both sides of the industry. “Comfortable with ambiguity,” says the sign on Pan American Silver chairman Ross Beaty’s office door. It’s a fitting… Continue Reading

Despite dramatic headwinds in both the uranium and exploration industries, Canadian explorer NexGen Energy has cornered the Athabasca Basin’s two best, recent uranium discoveries. On March 11, 2011, the uranium industry was devastated by the nuclear catastrophe at the Fukushima power plant on the west coast of Japan. The black swan event also coincided with… Continue Reading

[His] offices carry a distinct museum quality. Three decades of scalps, resulting from some of the most famous hostile takeovers, proxy fights and board assaults in American financial history, cover every cranny of his wood-lined corridors… Article: Steven Bertoni, Nathan Vardi | Forbes India

A noted trading author, Mark Douglas, once wrote “every moment in the market is unique” – you can definitely say that again! And perhaps there has never been a market dynamic as unique as the current one. We have US equity markets near all-time highs while roughly 80% of global equity markets are in confirmed… Continue Reading

“The era of money printing is young yet. Gold will have its day again.” Article: Ambrose Evans-Pritchard, Telegraph

He pays little attention to the daily trading noise, or to prophesies that the commodity supercycle is over. Even on a day when gold is nosediving, he remains bullish about the five- to 10-year prospects as long as monetary expansion and currency volatility remain rampant – and China, he feels, has come back nicely. Gold,… Continue Reading

Today we had a very significant breakdown in the gold market. Market pundits will go through lists of reasons in an attempt to explain gold’s massive plunge below $1500/ounce. While the fundamental reasons are likely to be quite lengthy, the technical explanation is quite simple; gold had tested the $1550 support level multiple times in… Continue Reading

The US raised its nuclear alert level to DEFCON 3 today. The last time US armed forces were at DEFCON 3 was 9/11; before that, it was only during the Yom Kippur War (1973) and the Cuban Missile Crisis (1962). And yet the gold price is not looking good; the fear is gone. The fear… Continue Reading

A World of Mining Special – Part 1 of 2 This is a story about Eira Thomas, dubbed the “Queen of Diamonds” for her role leading the geologists who discovered the kimberlite pipes that became the Diavik diamond mine. Diavik, Canada’s second diamond mine, produced 1.9 million carats of the sparkling stones in the fourth quarter… Continue Reading

Lumina Copper on Tuesday announced a preliminary economic assessment that gives the Taca Taca project in Salta, Argentina a net present value of $2.1 billion, assuming a discount rate of 8% and $2.75/lb copper, and after-tax internal rate of return of 17.2%. The assessment includes substantial gold and molybdenum at assumed prices of $1,200/oz Au… Continue Reading

A steady lift of supply from Australia and a moderation in demand growth from China will put pressure on the number one steelmaking input over the next three to five years, analysts say. “Prices will slump as much as 34 percent to $90 a ton by the end of December, according to the median of… Continue Reading

The “make fast cash flipping houses” ads are back in force, construction is resurgent, consumers are walking around with shopping bags again, “mom & pop investors” are raising their 401k contributions, and US equities have healed their financial crisis wounds, rising to all-time highs. Animal spirits are also on the rise. You can see it.… Continue Reading

Even by the standards of China’s rough and tumble breed of entrepreneurs, billionaire Liu Han’s brushes with death mark him out. After dodging a hitman’s bullets in 1997, which led to the execution of a rival tycoon and two of his relatives almost a decade later, Liu, 47, finds himself ensnared in more killings. This… Continue Reading