One of the most exciting uranium discoveries of the last couple years has completed its 2014 summer drill program at the PLS project in Northern Saskatchewan. Fission Uranium (FCU.v) continues to be the top uranium exploration play among analysts, with some believing the company is a likely takeover candidate from the likes of Cameco or… Continue Reading

Miners and Metals Headed for Early Autumn Bottom? Continued concerns over economic growth in China and Europe have taken their toll on mining equities, and junior mining equities in particular. The S&P/TSX Venture Composite Index fell 4% this week to a new yearly low, ending the week at 919. This follows a dramatic drop in… Continue Reading

According to a report from The Sydney Morning Herald just moments ago, BHP Billiton has signed an alliance agreement with Mexico’s state oil company, Pemex.  This marks the first major agreement signed ahead of Mexico auctioning off certain oil and gas concessions next year. BHP, like most other players in the offshore oil business, is seeking to… Continue Reading

This morning, one of the most undervalued Colombian light oil producers, Petroamerica Oil (PTA:TSXV), provided the market with an update on their recently acquired Putumayo Basin assets.  Community issues in the region have impacted timelines for companies operating in this area, including Petroamerica and Gran Tierra Energy.  This has forced Petroamerica to slightly revise 2014… Continue Reading

The Sydney Morning Herald (subscribe here) has a great summary article about a recent speech the one and only billionaire entrepreneur Robert Friedland gave to an undoubtedly packed audience in Melbourne. We had the opportunity to watch Mr. Friedland in action at this year’s Sprott Symposium in Vancouver and he lives up to his persona… Continue Reading

This morning on BNN’s Commodities with Andrew Bell, Dave Talbot who is Dundee’s uranium expert, spoke about the recent strength in the uranium spot market (click image above). The spot price for uranium is up over 30% from ~$28 per pound in June/July to $36.50 this week.  Mr. Talbot believes the strength is overdone given that he… Continue Reading

Unsurprisingly one of the few groups in the out-of-favour resource sector spending significant money to build new mines and finance risky ventures are the Lundin’s. Yesterday, Lundin Mining (LUN:TSX), the $3.2 billion mining company that its namesake founder Lukas Lundin owns 12.5% of, announced that it started concentrate production ahead of schedule and on budget… Continue Reading

With most of the recent excitement in the uranium exploration space being focused on the new discoveries in the southwest part of the Athabasca Basin, including Arrow (NexGen Energy) and PLS (Fission), Lukas Lundin’s Denison Mines (DML:TSX) has made a new high-grade uranium discovery known as the Gryphon Zone at their Wheeler River project on the historic… Continue Reading

James Kwantes of the Vancouver Sun interviews Ian Telfer, chairman of Goldcorp, the world’s largest gold producer by market cap. Gold mining titan retains underdog sensibilities A flair for deal making put Goldcorp’s Ian Telfer on top, but perspective keeps him grounded By James Kwantes, Vancouver Sun Here’s the link to the article. Before Ian Telfer… Continue Reading

Iron ore is the lifeblood of industrial development with China’s ‘build it and they will come’ policy driving prices to a high of over $180 per tonne in 2011.  Flash forward and iron ore prices have slumped to break below $80 per tonne, the lowest level in 5-years.  This is causing more pain for an… Continue Reading

Canadian diamond explorer North Arrow Minerals (TSXV:NAR) is backed by Gren and Eira Thomas, Canada’s pioneering diamond family, and Lukas Lundin, the Swede natural resources developer. The company is focused on two projects, the more advanced Qilalugaq Q1-4 kimberlite in Nunuvut, and the earlier stage Pikoo project in Saskatchewan. Pikoo gets more interesting At Pikoo,… Continue Reading

Vancouver, Canada precious metals streamer Sandstorm Gold (NYSE: SAND, TSX:SSL) has produced a web series for investors interested in the technical aspects of resources investing. They’re calling the series “Technically Speaking” and it features Sandstorm’s mining engineer Tom Bruington, formerly of the International Finance Corporation (IFC). In Topic 1 of the series, Mr. Bruington discusses mining geometry, drill… Continue Reading

Metals Plunge Further As Fed Meeting Sends U.S. Dollar Higher Gold and other precious metals continued to fall this week, with gold in particular reacting to an unchanged outlook from the Federal Reserve; While the Fed reiterated its previous comments stating that interest rates would be kept low for some time, Yellen suggested that short-term… Continue Reading

By Henry Bonner (hbonner@sprottglobal.com) A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry — Frank Giustra. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in… Continue Reading

Three junior mining pros have tipped me off about the same company in the past week. While almost every good mining promoter believes his deal is the next to go, these three people are better than my average sources, so I decided the rumour was worthy of basic investigation. The richest places in the world… Continue Reading