The Lundin name has been synonymous with large deals in the mining space (Lundin Mining and Fortress Minerals) as well as big new oil discoveries in Norway (Lundin Petroleum) over the past few weeks, however, today that trend was bucked with their African oil explorer (aptly named Africa Oil (AOI:TSX)) trading to new 52-week lows… Continue Reading
At the Subscriber Investment Summit in Vancouver on October 9th, Red Eagle Mining’s (RD.TSXV) CEO, Ian Slater, explained why his Colombian gold development company is undervalued. Red Eagle’s Santa Rosa project has some of the best economics of any gold development project in the world, with a 52% after-tax internal rate of return (IRR) and a… Continue Reading
A standout among three of the best Alaska and Yukon gold juniors today. Also, a picnic. Last month I had the opportunity to attend an analyst’s tour in Alaska and the Yukon on behalf of CEO.ca / Resource Opportunities where we checked out three of the North’s most interesting projects, run by three different companies. Each… Continue Reading
A relatively unknown European-focused gold developer called Euromax Resources (EOX:TSXV) has a market cap of just $26 million, but yesterday it secured a $175 million streaming deal with the world’s largest gold streamer, Royal Gold. That’s nearly 8x its current market cap. Euromax’s management is made up of most of the former European Goldfields executives who sold that… Continue Reading
[Sent to Premium Subscribers October 20, 2014] Investors waiting for money to flow into the mining sector may want to consider some alternative trading ideas in the interim. Colombian focused oil producer Petroamerica Oil Corp. (PTA.TSXV) offers a good risk-reward profile at its current valuation. With $65 million cash and $35 million debt, Petroamerica trades at… Continue Reading
In what looks to be a classic example of “first mover advantage’, the billionaire Lundin family is acquiring one of the best gold projects in the world, in the worst market in decades. Lukas Lundin’s Fortress Minerals is acquiring the Fruta del Norte (FDN) gold project in Equador from Kinross Gold for $240 million in cash and stock. The… Continue Reading
As reported earlier (here), billionaire Swede Lukas Lundin has been in talks with Kinross and the Ecuadorian government for a potential deal on the infamous high-grade gold deposit known as Fruta del Norte. After 5,200 shares traded today, the Lundin Group shell, Fortress Minerals (FST.H:TSXV) was halted pending news. As we speculated earlier, this would… Continue Reading
NGEx Resources (NGQ:TSX) is the only pure-play mineral exploration vehicle in the Lundin Group of Companies, one of the most successful natural resource development groups in the world. NGEx is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces… Continue Reading
With construction under way at the Karma project True Gold Mining (TGM.V) has released a PEA on its North Kao Deposit, showing that it contains 312,000 inferred gold ounces at a grade of .98 grams per tonne. As the North Kao deposit is located in close proximity to the planned Karma processing facilities the economics… Continue Reading
The opportunity to buy a $1 bill and pay only $0.50 for it was created earlier this year in the shadow of the largest gold M&A deal of the year. The $3.6 billion acquisition of Osisko was announced in April when Goldcorp made a hostile offer for the Canadian gold miner and ultimately saw Agnico-Eagle/Yamana jointly outbid… Continue Reading
Mining Equities Recover After Early-Week Slump Metal prices were mostly down again for the week, with the exception of gold which bucked the trend, rising 1.2% to $1,239 per ounce as of Friday. Mining equities were down on Wednesday, with the TSX Composite and TSX Venture down as low as 13,732 and 772 respectively, before… Continue Reading
Of the 15+ compelling stories told at our first ever Subscriber Investment Summit in Vancouver last week, one that stood out was NexGen Energy (NXE:TSXV), which made a rapidly growing Canadian uranium discovery in 2014 at the Arrow Zone. NexGen’s CEO, Leigh Curyer, previously managed a $500 million private equity fund with the mandate of finding… Continue Reading
Seabridge Gold (SEA.T) is developing the monster KSM deposit in British Columbia. The project already boasts proven and probable reserves of 38.2 million ounces of gold and 9.9 billion pounds of copper. Drill results from the Lower Cap zone are outlining a major new copper-gold discovery below the Iron Cap zone. Seabridge ranks seventh when it comes… Continue Reading
Mick Davis, the former head of Xstrata who was kicked out after the $70 billion merger with Glencore completed in the spring of 2013, announced that his new venture (X2 Resources) just raised an additional US $1 billion. His warchest now sits close to US $5 billion with US $3.3 billion available for immediate withdrawal and another US $1.5… Continue Reading
The long and sustained downturn in the mineral exploration sector has caused share prices to be decimated over the last three years as companies have been incapable of convincing investors to pony up. Even companies with the highest-quality management teams have had to reduce their spend drastically as they batten down the hatches and try to weather… Continue Reading
