Weak iron ore prices have not stopped Canadian junior miner Alderon Iron Ore Corp from de-risking its Kami project in Quebec’s Labrador Trough, Canada’s most active iron producing region. Today the company announced an off-take agreement with mining and metals super major Glencore PLC, whereby Glencore will acquire all of the production from the Kami project… Continue Reading
Yesterday, Australian-listed MacPhersons Resources (no relation) announced that the mining-focused investment firm Orion Mine Finance which split off from Red Kite Mine Finance last year would be investing $6.5 million in the company. Orion’s team have been focused on loans and metal offtake agreements primarily. Since splitting from Red Kite, their largest deal was the… Continue Reading
Australian-listed copper developer, Avanco Resources (AVB:ASX), was first brought to my attention by Mr. Scherb of Appian Capital. He informed me of his firm’s investment in Avanco and since then I have watched it reorganize and work to close the necessary financing to develop its staged copper project in Brazil. Avanco is working to build a two-staged copper mine. The first stage,… Continue Reading
Colombia’s largest high-grade gold development project continues to expand with infill and exploratory diamond drilling. Ari Sussman’s Continental Gold (CNL:TSX), which is developing the Buritica project located 2 hours from beautiful Medellin, continues to have success with their 2014 infill drill program. The focus of the program is to increase the confidence of the Inferred gold resources and to move as… Continue Reading
Despite ongoing tensions in the Ukraine and Gaza, gold fell below the psychological barrier of $1,300 per ounce on Thursday following improved U.S. economic reports showing better employment, Consumer Price Index, and housing data. In other news, platinum, palladium, and silver all fell slightly, finishing at $1,477 per ounce platinum, $879 per ounce palladium and… Continue Reading
The diamond sector has been ignored for over a decade, following a slew of major diamond discoveries in the last cycle including Ekati and Diavik which made prospectors and investors involved in those finds wildly wealthy. Today, the landscape is improving for diamond exploration, especially in the Canadian Arctic. However, there are still only a handful willing… Continue Reading
British Columbia is about to have a new gold mine. This morning, IDM Mining (IDM:TSXV) released the results of their updated preliminary economic assessment (PEA) on the high-grade Red Mountain gold project located in Rob McLeod’s (President and CEO of IDM) hometown of Stewart, BC. “The great thing about the news today is that it is a simple, high-grade, low capex… Continue Reading
Troy Eckard, CEO of Eckard Global, Carl Tricoli, co-founder and managing partner of Denham Capital Management, and Wil Vanloh, co-founder and chief executive of Quantum Energy Partners, participate in a panel discussion about deal-making in the energy industry and opportunities for private equity. At the following LINK you can see the panel discussion from the Bloomberg… Continue Reading
A comprehensive exploration program is underway at North American Nickel’s (NAN:TSXV) Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland. This morning, the company announced the results of the completed geophysical, electromagnetic and gravity surveys which have confirmed both the presence of nickel mineralization found by previous drilling and also identified new anomalies. The Sentient Group, an Australian… Continue Reading
A group of accomplished mining entrepreneurs have taken control of an un-loved junior mining company. Catalyst Copper Corp., which holds a 60% interest in the La Verde copper porphyry project in Mexico, closed a $1.4 million financing today, selling 20 million units, consisting of a $0.07 share and a full $0.10 warrant. Richard Warke, who… Continue Reading
This week proved to be a tumultuous one with increasing turmoil in Israel, further sanctions against Russia and a passenger jetliner shot out of the sky over Ukraine making global markets jittery. In response to these events, gold rose above $1,300 per ounce after an early-week price plunge following Janet Yellen speech early in the week.… Continue Reading
This morning, Dundee Capital Markets’ equity research team initiated formal coverage on Lukas Lundin’s Lucara Diamond (LUC:TSX) and put a buy rating with a $3.00 target price on it (approximately 10% higher than the last trade of $2.73). Yesterday, outperforming Lucara announced the sales figures from its second exceptional stone tender of 2014 and fifth… Continue Reading
“There are some simple truths in the resource game,” Frank Giustra tells me. “The first truth is that you pick a great management team and you wait.” For the uninitiated, Giustra is one of the more successful natural resources investors of the past thirty five years. Some of you may know him as the founder… Continue Reading
As the coal market continues to remain soft, especially in the currently oversupplied thermal coal sector, Coalspur Mines (CPT:TSX) is doing everything it can to remain solvent. That challenge has now forced two of the largest shareholders off of the Board. Coalspur recently announced that Colin Steyn and Peter Breese would be resigning from the Board. The… Continue Reading
Last week, Kaizen Discovery (KZD:TSXV) held a conference call with President and CEO, Matthew Hornor to discuss the recent acquisition of West Cirque Resources, their strategic partnership with ITOCHU Corp and his company’s plans for more acquisitions. Last week, ITOCHU agreed to provide $4.25 million in funding to Kaizen (as part of the West Cirque deal) in… Continue Reading
