Sound familiar?  That’s because Asanko Gold (AKG:TSX) and PMI Gold (PMV:TSX) attempted a merger in late 2012 that was mutually terminated in early 2013 after it became apparent they wouldn’t get the supermajority votes necessary to complete the transaction.  Now, after the largest price decline in gold in over a decade and the substantial derisking that… Continue Reading

Joseph Conway’s Primero Mining (P:TSX) announced this morning it has entered into a agreement to acquire Brigus Gold (BRD:TSX) in an all-share transaction.  Primero will use their stock, which has held its own this year, in an exchange ration of 0.175:1.  This values Brigus at approximately $220 million.  This bid represents a 43% premium to… Continue Reading

[audio:https://c03c06.p3cdn1.secureserver.net/wp-content/uploads/2013/11/Mark-ODea-Podcast-Nov-15-2013.mp3] Track record is everything in junior mining. Mark O’Dea took Fronteer Gold from a $1 million shell in 2001 to a diversified mine developer that sold for $2.3 billion to Newmont in 2011. The Vancouver-based, 45-year-old Newfoundland-born geologist also created Aurora Energy in 2006, and sold its Labrador uranium assets for $260 million to… Continue Reading

Cashed up Latin American silver producer and developer, Silver Standard (SSO:TSX) has agreed to divest one of its non-core assets to Argonaut Gold (AR:TSX) for $75 million.  The asset is the advanced-exploration stage San Agustin project located in Durango state, Mexico.  According to a 2009 resource estimate prepared for Silver Standard, the project hosts 1.6… Continue Reading

Doug Forster’s Newmarket Gold Inc. (TSXV:NGN) may be a breath of fresh air to Canada’s mining sector. The company has experienced executives touting optimism and looking for acquisitions in a gold mining market where few buyers exist. Then again, it could end up another failed TSX-venture shell, waiting on the shelf for the next dream… Continue Reading

We had the wonderful opportunity of attending the Canaccord Genuity Global Resources Conference during the past couple of days in Miami, Florida. Canaccord put on a first class event with many of mining and energy sector’s best CIOs and CEOs on hand. Below are some of the key takeaways from the conference: Most miners are… Continue Reading

After reviewing most of the corporate presentations from last week’s Denver Gold Forum, some repetitive themes arose: 1.)    Focus on returns: Almost unanimously, the producers claim to be focusing on high-quality operations only and have already, or will look to, dramatically reduce capital spending as well as divest assets that do not meet the margin… Continue Reading

The World Gold Council has found a new leader; New Gold (NGD:TSX) Chairman, Randal Oliphant.  Mr. Oliphant succeeds Ian Telfer, the Chairman of Goldcorp who has been the Chairman of the World Gold Council since being elected in September 2010.  Randall Oliphant sits on the board of Franco-Nevada and was, previously, the President and CEO of Barrick… Continue Reading

Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted… Continue Reading

Source: Karen Roche of The Gold Report  (9/18/13) Many mining companies find themselves in a high-grading dilemma, according to Brent Cook, publisher of Exploration Insights. As companies deplete higher grade reserves, they have to acquire new deposits. But unless you are a geologist, don’t look to NI 43-101s to always give you reliable information about the quality of a… Continue Reading

Ginguro Exploration (GEG:TSXV) has a new insider. Robert McEwen, the self-proclaimed ‘Chief Owner’ of McEwen Mining (he owns 25% of the company) and co-founder of Goldcorp has invested $1 million into GEG via $0.10 unit ($0.15 ½ warrant) private placement through his Evanachan Limited. This brings his ownership up to 18.5% in the junior Canadian… Continue Reading

Endeavour Mining (EDV:TSX) has added some depth to its roster by bringing on Ian Cockerill, Miguel Rodriguez and Frank Giustra to its strategic advisory board.  The three new members will replace Jorje L. Gamarci and Dr. Antony Harwood.  The board now consists of seven members: Michael Beckett (Chairman), Ian Cockerill, Frank Giustra, Ian Henderson, Wayne… Continue Reading

Western Copper and Gold Corp.’s Casino deposit in the Yukon contains 18 million ounces of gold and 10 billion pounds of copper. WRN CEO Dale Corman delivered 20 fold returns to investors between 2001-2006. Can he do it again? Western Copper and Gold Corp. has approved this story. Please read their Cautionary Statement. In a bear… Continue Reading

Newstrike Capital (NES:TSXV) hasn’t had an easy ride over the past year, with share prices hitting 3-year lows, however, they have been efficiently adding value to their Ana Paula project in Guerrero State, Mexico.  Today they discovered several high-priority targets on a parallel trend with the Ana Paula project (which, the market didn’t care for much… Continue Reading

Cayden Resources (CYD:TSXV) announced results of its surface program at the El Barqueno project in Jalisco State, Mexico. The company has been doing a focused surface program in order to identify targets for a 5,000m drill campaign they anticipate starting next week.  Trench results at the Pena de Oro target area included 20m of 3.6g/t gold, 8m… Continue Reading