This July, after two years at the helm of the world’s largest gold miner, Jamie Sokalsky stepped down as President and CEO of Barrick. Fast forward a few months and Sokalsky announced this morning that he would be joining a junior exploration and TSX Venture-listed company as Chairman. Probe Mines (PRB:TSXV), which is developing a high-grade gold project in Ontario,… Continue Reading
Lukas Lundin’s Lucara Diamond (LUC:TSX) has been one of the best performing natural resource stocks this year. Shares are up nearly 150% from this time last year on the back of their Karowe mine in Botswana continuing to produce a seemingly endless supply of exceptionally large and high-quality diamonds. In late August, Lucara announced the dates… Continue Reading
Shareholders of the junior diamond explorer, Margaret Lake Diamonds (DIA:TSXV) have been anxiously awaiting the results of a high-impact helicopter survey which was flown over the Margaret Lake property in the Northwest Territories over the past two weeks. The helicopter survey, known as a HeliFALCON survey was initiated at the end of August with the… Continue Reading
Nevada is the place where Newmont and Barrick made their names. It is a place of very large gold operations that have been producing for decades and continue to provide these behemoth gold miners with baseline production and profits. It is estimated that Nevada produces 80% of the total US gold production. This morning, Nevada’s newest gold mine… Continue Reading
U.S. Dollar Strength Continues to Fuel Broad Based Selloff in Metals This Week Almost no metal was spared this week as the group traded down indiscriminately, with each of the major metals down at least 1.5% since the opening of trading Monday. Nickel was the hardest hit, down 6.5%, marking its worst weekly performance in… Continue Reading
Sentiment in the mining sector got a huge boost earlier this year when Sean Roosen’s Osisko Mining was the target of a bitter bidding war between Goldcorp, Yamana and Agnico Eagle which ultimately saw the latter two companies co-acquire Osisko for $3.9 billion in the largest mining M&A deal of the year (so far). This morning,… Continue Reading
Dundee Capital Markets cheered Nevada Copper Corp.’s (TSX:NCU) Pumpkin Hollow project in a site visit report published yesterday by analysts Joseph Galucci, MBA and Sean Bracken, B.Eng. Shaft sinking and above ground infrastructure are underway for Stage 1 of the proposed Nevada, USA mine. The first stage is for an underground operation set to ramp… Continue Reading
Company will drill 10 to 12 exploration holes from surface for roughly $400k Step-out drilling 141 Zone where previous intercepts include: 122.5 meters of 3.35 g/t Au including 6.0 meters of 32.87 g/t Au Two additional high-grade surface targets could result in new discoveries Another $2 million program underground to upgrade existing mineralization will follow… Continue Reading
Globe and Mail mining scoop queen Rachel Younglai is reporting that the Lundin family are in talks to buy Ecuador’s Fruta del Norte gold deposit from Kinross Gold, one of the richest undeveloped gold mines in the world, albeit in a challenging mining jurisdiction. Kinross acquired the project for $1.2 billion in 2008 and have regretted the decision… Continue Reading
The gold mining industry has a big week ahead of it—two of its most important conferences will be held in Colorado. From September 14 to 17, the main event is the Denver Gold Forum, which will host the world’s largest precious metals miners, developers, and investors. The Precious Metals Summit, to be held in Vail… Continue Reading
The Hunter Dickinson International (HDI) stable of companies, an accomplished Vancouver, Canada-based mine development group, are so bullish on their Arizona copper ISR play, Curis Resources, that they have decided it needs to be a part of their other, more established company, Taseko Mines. Just a few minutes ago, Taseko announced a friendly all shares acquisition of… Continue Reading
Agnico Eagle Mines has agreed to buy Vancouver-based junior Cayden Resources (CYD:TSXV) for $205 million in cash and stock in an announcement after market today that may come as a shock to Goldcorp. Under the agreement, which is supported by Cayden’s management and board representing 19.8% of the votes, each Cayden shareholder will be entitled to 0.09… Continue Reading
This morning, Roxgold (ROG:TSXV), the gold company developing one of the highest margin deposits in the world, announced the discovery of a new high-grade vein at their Bagassi South satellite zone on their Yaramoko project. Bagassi South is located roughly 1.8km away from the 55 Zone which hosts their mining resource. Highlights from the QV1 and… Continue Reading
In mid-2011 a small group of natural resource entrepreneurs made a killing when they sold their European shale explorer to San Leon Energy for $139 million. That company was Realm Energy and was debuted at $0.10 per share in 2009. Fast forward 2 years and they sold the company for the $1.30 per share in… Continue Reading
After remaining halted for most of the trading day yesterday, Integra Gold (ICG:TSXV) announced that it made a timely and accretive asset acquisition which includes a fully-permitted 2,200tpd mill and tailings facility. Critically for Integra is key underground infrastructure which will allow the company to access their deposit from underground enabling them to drill from… Continue Reading
