Just a couple of days after announcing a strategic investment and JV agreement with AuRico, Carlisle Goldfields (CGJ.TSXV) has been offered $0.096 per share in an all-cash takeover from Nordgold. Nordgold is a London-listed gold producer that operates nine mines across four countries and produced 924,000 ounces of gold in 2013. It is 84.4% owned by Russian oligarch, Alexey Mordashov. The… Continue Reading
IDM Mining (IDM.T) is one of just a few mining companies actively moving forward in a tough market environment. After raising close to $2.5 million in September the company has been busy drilling at the Red Mountain project 15km east of Stewart B.C. Red Mountain is located in BC’s Golden Triangle where the likes of Pretium Resources and Seabridge Gold are… Continue Reading
Patient and steadfast uranium investors were given an early Christmas present last week when the Japanese community of Satsumasendai announced approval of the restart of the Sendai nuclear power-plant, the first restart to be approved in Japan since the 2011 Fukushima disaster. In addition, an unusual amount of demand entered the spot market leading up to the announcement of… Continue Reading
Matthew Hornor’s Kaizen Discovery (KZD.TSXV) announced its latest acquisition this morning: Tundra Copper, a private copper explorer with assets in Canada’s tundra. Kaizen made an all stock offer to acquire Tundra and their Coppermine River project, valuing the early-stage explorer at approximately $2.5 million. In the release, Kaizen also announced that they staked 3,320 square kilometres of land and applied… Continue Reading
Legal marijuana is staking its future in Canada as a rush of investors and venture capitalists compete to win the easy, early profits from medicinal sales. Plus, it’s become easy to find out all you need to know about starting a business in this industry by simply searching something as simple as mj consulting and… Continue Reading
In a capital intensive business such as mineral exploration and development, the ability for a company president or CEO to find new money is of paramount importance. One such junior mining CEO, John-Mark Staude of Riverside Resources (RRI.TSXV), is an experienced, hard working geologist and deal-marker we trust. Luckily for Riverside they do not need… Continue Reading
Another cashed up mid-tier producer has decided the time is right to deploy some capital into the junior sector. This time the cashed up mid-tier is AuRico Gold (AUQ:TSX) and the junior is Carlisle Goldfields (CGJ:TSX). AuRico, who operates two gold mines in Canada and Mexico, has agreed to purchase 70.6 million shares in Carlisle at a price of… Continue Reading
There hasn’t been much from the miners or E&P’s to get excited about this year. One exception (there are always exceptions) is Lucara Diamond (LUC.TSX). Not surprisingly it’s a Lundin Group company. Shares of Lucara are up 40% year-to-date, but even that return doesn’t reflect the true state of their operations. After the market closed today the company released its Q3 results… Continue Reading
>>Interview with Rick Rule (MP3 Download) During a time in which sentiment towards natural resources is bordering on doom, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. Speaking first toward the phenomenon of market capitulation Rick noted that, “Capitulation is a very dramatic event. It’s when most participants… Continue Reading
Several years ago when I was considering career choices with the potential to make me rich I was attracted to the mining space because of the extreme volatility of the sector. In bear markets, or at times when commodity prices are going lower, there is little to no appetite for early-stage mineral projects. But when… Continue Reading
The uranium space caught some attention last week after an important vote in Japan opened the door for nuclear reactor restarts. Here’s an excerpt from Haywood Mining Team’s week in review: “The Broker Average Price (BAP) for U3O8 rose 8.1% this week, up 3.8% on Thursday alone, before finishing at $41.00 per pound U3O8 on… Continue Reading
Small-cap growth oriented Colombian oil and gas venture, Petroamerica Oil, symbol PTA on the TSX-Venture, announced two high-impact exploration wells are currently being drilled in Colombia with results expected by the end of the year. The Zampona-1 and Langur-1x wells are both 50% net working interest to PTA. They are located in the Llanos Basin of Colombia,… Continue Reading
West Africa has encountered a series of significant set backs recently, including the outbreak of Ebola and the dissolution of the Burkina Faso political framework. One place in West Africa that hasn’t been affected by either Ebola or political instability is Ghana. Fortunately for Asanko Gold (AKG:TSX), their two gold mines – which hold almost 11 million ounces… Continue Reading
Yesterday we called one of our favourite gold stories, Roxgold (ROG:TSXV) to get an update from management not only on their two recent announcements (1. receiving their mining permit and 2. closing a $30 million bought deal financing), but also on how the political unrest in Burkina Faso is playing out. Roxgold President and CEO… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) and the Department of Mineral Resources (DMR) in South Africa jointly announced today that the mining right for the development and operation of the Platreef project has been finalized and work can resume immediately. Work at Platreef, which will be one of the world’s largest platinum mines, had been delayed since May… Continue Reading
