Nevada Copper (NCU.T) has received the Yerington Land Bill from the US Senate and House of Representatives. The land bill means that one more hurtle has been cleared as the Pumpkin Hollow project moves toward production. The project is one of the few copper projects worldwide that has a clear path to production. The Pumpkin Hollow project hosts… Continue Reading
One of the best performing junior mining companies of 2014 is concluding the year with yet another vote of confidence. Mark Smith and Peter Dickie’s Niocorp Developments Ltd., which is developing the Elk Creek niobium project in Nebraska, has seen its share price climb five fold already this year, on the back of team building,… Continue Reading
Probe Mines (PRB.V) has acquired 100% ownership of all claims it did not previously own at the Borden gold project in Ontario, Canada. The deal comes at the steep price of $25 million in cash and 6 million common shares of Probe. The 6 million shares are worth ~$15-$18 million and represent 6.6% of Probe’s… Continue Reading
Pilot Gold (PLG.T) is out with an update on the Kinsley mountain project including more drill assays. 2014 exploration has built on the success of the 2013 high grade discovery at the Western Flank Target. The project is owned 79% by Pilot Gold and 21% by joint venture partner Nevada Sunrise (NEV.V). Pilot geologists have… Continue Reading
I just bought my first ever Australian listed stock. It’s a small speculative position that I initiated because I think the technology/mining/water play is just getting going, and has some great people involved. The company is Clean TeQ Holdings (ASX:CLQ), and it has a roughly $20 million market capitalization. Clean Teq is a technology business… Continue Reading
Arguably Canada’s richest gold development project got a big vote of confidence this morning from a prominent Chinese mining investor. Pretium Resources (PVG.T) has announced a new financing of $80.87 million with Zijin Mining Group. The placement will consist of 12.83 million shares at $6.30 per share giving Zijin a 9.9% stake in Pretium. Zijin Mining (2899.HK) is… Continue Reading
India Relax Gold Import Restrictions While China Considers Similar Policy There was good news for gold this week, with the Indian government surprisingly removing restrictions on gold imports which required 20% of all gold imports to be exported before any new shipments could be brought in. Given speculation that the government may tighten import rules,… Continue Reading
>>Interview with Rick Rule (MP3 Download) During a time in which downward volatility of the junior resource sector has resumed in force,Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. When asked if we’ve seen the ultimate capitulation in junior resource markets yet, Rick noted that, “We haven’t had… Continue Reading
With the gold price waffling near $1,200/ounce, close to the ‘fully loaded’ cost for many gold producers (Dundee’s definition of fully loaded cost = the sum of Total Cash Costs (incl. royalties) plus, cash G&A, exploration, cash taxes, cash interest and true sustaining capital costs), the #1 topic of conversation among gold mining investors & analysts are costs.… Continue Reading
Skiddy von Stade of financial recruitment portal OneWire.com has a fascinating interview series that occasionally features Wall Street tycoons in their offices talking about their lives and their values. In this week’s episode, Stade talks to Peter J. Solomon, founder of private investment bank Peter J Solomon Company, the man Financial Times calls, “The psychiatrist of finance.” Here’s… Continue Reading
Western Lithium (WLC.T) is an interesting company with two different plays that could potentially create shareholder value. The first play is a brand new Hectatone plant that will start production later this month in Nevada. In case you’re wondering, hectatone is an organoclay that is used in directional drilling to improve drilling efficiency. This drilling… Continue Reading
Dension Mines (DML.T), one of the most widely followed names in the uranium space, is out with more assays from the Gryphon zone at the Wheeler River property, located in the Athabasca basin of Saskatchewan. The Athabasca basin is known as the best place in the world to find uranium deposits. The Wheeler River project… Continue Reading
Alexander Molyneux grew up with one foot in Australia and the other in Hong Kong, so he had a front-row seat to the rise of Asia and the demand for energy in a rapidly growing world. The nuclear winter brought on by Fukushima and the accompanying flight of capital afforded him the opportunity to get… Continue Reading
Midway Gold (MDW.T) will be Nevada’s next gold producer at the Pan project which is in the final stages of construction with first production expected by the end of January. The Pan project is a simple open-pit heap-leach project that has very attractive economics. At $1200 gold the project has a 32% internal rate of… Continue Reading
Desert Star Resources (DSR.V) and Providence Resources (PV.V) have announced that they have agreed to merge. The amalgamated company will focus on copper and gold projects in the south western United States. The newly merged company with have ~$2.3* million in cash with the majority coming from Providence, who reported $1.56 million cash on the balance sheet… Continue Reading
