Australian-listed Highfield Resources (HRF:ASX) received another vote of confidence from their largest shareholder, Owen Hegarty’s EMR Capital. The Australian-based private equity group (EMR Capital) became a substantial shareholder in the company last year with the hopes of turning a big profit with a series of Spanish potash projects Highfield holds. EMR increased their holdings in… Continue Reading
This morning, Pilot Gold (PLG:TSX) which is best known for a growing series of large-scale copper porphyries in Turkey as well as a ‘Long Canyon lookalike’ in Nevada, has now added a Utah project to its fold. The company announced this morning, that they have agreed to acquire Cadillac Mining for shares valuing the company… Continue Reading
While B2Gold’s evaluations team has been busy with their purchase of Papillon Resources for $570 million worth of stock, the team at the company’s newest gold mine, Otjikoto, continues to bring the project closer to first gold by year-end. This morning, B2Gold provided investors with the latest drilling results from the high-grade Wolfshag zone which continues to… Continue Reading
Lonmin is the biggest gainer on the news out of South Africa, up 11% today. Anglo American, Impala and Ivanhoe all remain flat. Reports today indicate that the long-standing strike between platinum miners and the Association of Mineworkers and Construction Union (AMCU) that has crippled South Africa’s mining industry looks to be coming to an end. According… Continue Reading
With crude oil prices breaking out above $106/barrel this morning and many of the major integrated oil names overbought on multiple time frames investors may want to look to junior energy companies for additional upside this summer. While we remain bullish on Petromanas Energy longer term, 2 other companies are on our radar for more… Continue Reading
Today, Petroamerica Oil (PTA:TSXV) got a vote of confidence for their bid for Suroco Energy (SRN:TSXV). ISS Proxy Advisory Services published a report recommending Suroco shareholders vote in favour of Petroamerica’s share offer which valued the company at roughly $0.573 per share (or 1.7627 Petroamerica shares for each Suroco). This was quickly followed up with… Continue Reading
When Pilot Gold (PLG:TSX) made a significant new gold discovery in Nevada, the investment community got very excited, and rightfully so. After all, Pilot’s team is the same one that made the Long Canyon discovery (also in Nevada) which was subsequently sold to Newmont for $2.3 billion, making themselves and shareholders substantial amounts of money.… Continue Reading
This interview is part of special coverage in advance of Sprott’s Vancouver Natural Resources Symposium, July 22-25, 2014. Register here. Few business leaders are as candid about their strategies to create wealth as Rick Rule, the charismatic chairman of Sprott US Holdings, one of the world’s largest investors in natural resources. I called up the… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) which has come under pressure recently due to capital concerns and a South African platinum industry that is in severe turmoil, has relieved some pressure today by announcing the closing of their bought-deal financing, exercise of the full greenshoe and closing of a concurrent $25 million private placement with their Executive Chairman.… Continue Reading
A new offer has emerged for Suroco Energy that I feel is unimpressive. Suroco signed a friendly agreement with Petroamerica Oil to merge the two small Colombian oil companies in late April, 2014. That deal was expected to close later this month. Then today, VETRA, a private firm which Suroco is partnered with on the Surioriente Block in Colombia’s… Continue Reading
One of the clear up and comers from Robert Friedland’s camp of natural resource developers, Matthew Hornor, CEO of Kaizen Discovery, was interviewed in a quite positive Global Mining Observer story earlier this week. Here’s the link: EXCLUSIVE: Inside Friedland’s Exploration Unit Mr. Hornor’s Kaizen Discovery (TSXV:KZD) has HPX TechCo (Robert Friedland) and ITOCHU Corporation of Japan as… Continue Reading
Continental Gold (TSX:CNL) is developing one of the richest gold projects in the world right now. Their 100% owned Buriticá mine just outside Medellin, Colombia, has over 7 million ounces of gold and silver at very high grades (9+ g/t). Some are speculating the project could grow to 20 million ounces or more. “Buriticá is going to grow,”… Continue Reading
World leading global natural resource developers, the Lundin Group, led by Swedish billionaire tycoon, Lukas Lundin, have only one mineral exploration vehicle left. It’s called NGEx Resources Inc. (TSXV:NGQ), after the family motto: No Guts, No Glory and the company’s main focus, Exploration. NGEx owns three large copper gold deposits along the Chile/Argentinian border, the Josemaria, Los Helados, and Filo… Continue Reading
This is a supreme vote of confidence for the early stage Arrow Discovery made by NexGen Energy. Garrett Ainsworth, who we profiled last year for making the Patterson Lake South uranium discovery, is leaving the spinout company he, his father and Mike Gunning had landed in after being taken out by Fission last year. Related: How… Continue Reading
After two weeks of speculation, Clive Johnson’s B2Gold Corp has finally said it would buy Australia’s Papillon Resources Ltd for $570 million in B2Gold shares. The offer price of A$1.72 ($1.59) per share represents a 21 percent premium to Papillon’s close on May 23, the last day the stock traded, or a 40% premium using the… Continue Reading
