One of the youngest and most dynamic executives in the mining industry today is Nolan Watson, 34, founder and CEO of Sandstorm Gold (TSX:SSL, NYSE: SAND), a publicly traded streaming company with an approximate $860 million market capitalization. Earlier this week Sandstorm added Marry Little to its board of directors. Ms. Little is the founder… Continue Reading
Freeport was founded in 1912 (then called Freeport Sulphur) in Freeport, Texas and currently employs over 36,000 people and is the US’ largest miner. According to a Wall Street Journal report today, Aaron Regent’s private equity firm, Magris Resources, is among the bidders for Freeport-McMoRan’s (FCX:NYSE) Candelaria copper mine in Chile which could raise multiple billions of… Continue Reading
The London-based gold fund, Baker Steel (named after co-founders Trevor Steel and David Baker), have made their first investment in shale oil. The investment firm has solely focused on metals companies, but given the similarities between the extraction and processing of shale oil and metals, the firm is comfortable with the space. Baker Steel bought 3.3… Continue Reading
Arizona copper explorer Desert Star Resources has three early stage projects in the most productive copper producing region in the US, the Globe Miami district. At the Red Top project the company announced results of a geophysical survey today that show a 1400 meter long anomaly which have helped Desert Star to identify a high priority… Continue Reading
This morning, after a month of battling, Timmins Gold (TMM:TSX) and their 17% dissident shareholder, Sentry Investments have come to an agreement on the composition of the company’s Board of Directors. After Sentry proposed a new slate, the investment fund that manages over $14 billion in assets accepted Timmins’ proposed Board of seven nominees as long as they could… Continue Reading
With all of the well-deserved attention of late on Lukas Lundin’s Lucara Diamond (LUC:TSX) due to their outperforming share price (continuing to hit all-time highs), the natural question would be; should they use their stock to grow? My answer is, unequivocally, yes. There are limited opportunities in the diamond space as discovering and mining diamonds is… Continue Reading
TD Securities energy analyst Jamie Somerville in Calgary raised his price target on Petroamerica Oil Corp to $0.60 this morning from $0.55, citing its relative valuation (particularly on EV/DACF), high netbacks, potential for free cash flow generation, and several high-impact exploration wells planned for the next 6–9 months. Shares in Petroamerica last traded at $0.35… Continue Reading
Torex Gold (TXG:TSX), the owner and developer of one of the richest undeveloped open-pit gold mines in the world, has provided an update on how well the development of their Morelos project in Mexico is going (start-up scheduled for late 2015) as well as the latest results from their infill drilling program. The company has begun mining… Continue Reading
After bumping their original share and cash offer for Suroco up 33% (from $0.60 to $0.80 per share), Petroamerica Oil (PTA:TSXV) told investors this morning that their $0.80 offer would be the final one. Suroco’s Board is standing by Petroamerica’s offer as well. On April 28th, Petroamerica announced they had reached an agreement with the Board of… Continue Reading
This morning, African gold developer Roxgold (ROG:TSXV) announced they have mandated Credit Suisse and Societe Generale to find them $75 million in a senior project debt facility by year end. The money will be used to bring the high-grade Yaramoko project in Burkina Faso into production by early 2016. The project is expected to cost around… Continue Reading
Endeavour Mining (EDV:TSX) which operates four mines in Western Africa has continued their track record of delivering projects on time and on budget. Late yesterday, the company announced the completion of development at their Segala underground mine (part of their Tabakoto project) which allows Endeavour miners to access higher-grade ore and process it through the… Continue Reading
“Executive with a knack for finding funding adds ‘gold mine builder’ to his resume” James Kwantes of Vancouver Sun is easily one of the best junior mining writers. He has a knack for narrative and finding high quality stories to write about, as is the case with the Mark O’Dea profile published Tuesday evening. Here’s the… Continue Reading
Canaccord Genuity, the firm with roots in Canada’s venture capital business, has aggressively branched out into new markets in recent years. The strategy appears to be bearing fruit. Under the leadership of Paul Reynolds, 51, and CEO since 2007, Canaccord Genuity has used acquisitions and a shift overseas to transform the once Canada- and mining-centric… Continue Reading
It has been over a month since the market heard operational news out from Africa Oil (AOI:TSX). This morning, investors received a nice surprise in the form of a new gas discovery on the company’s Block 9 in Kenya. In an upper gas interval in the Sala-1 well, the company tested 6 million cubic feet per… Continue Reading
Shares in Lucara Diamond Corp. surged nearly 5% today following positive coverage from Norwegian investment firm Pareto Securities, which has a significant following in the shipping and energy sectors. Shares in the Toronto Stock Exchange listed Lucara, which operates the Karowe diamond mine and Mothae development projects, both in Botswana, Southern Africa, reached $2.48 intraday,… Continue Reading
