In a letter directly to Timmins Gold (TMM:TSX) shareholders this morning, Sentry Investments precious metals portfolio manager, Kevin MacLean proposed a slate of six new directors which would replace six of the current eight directors. Proxy battles are usually a ‘last case scenario’ for unhappy investors due to the costs associated with them. Sentry is… Continue Reading
Athabasca-Basin uranium explorer, NexGen Energy, has released assay results from its Winter Drill Program at the Rook 1 project, confirming that all 8 holes drilled at the Arrow target hit uranium mineralization. Two of the standout holes demonstrate both high grade and potential scale for this early stage uranium discovery. Hole RK-14-27 encountered maximum continuous intersection of 29… Continue Reading
There was some concern among investors in Ivanhoe Mines, myself included, that a critical Mining Right Permit for the company’s Platreef platinum deposit in South Africa would be delayed. May 31, 2014 was the looming date by which either the Permit had to be received or all work on the project, such as the ongoing sinking… Continue Reading
In an announcement that went, in my opinion, underreported but has potentially huge ramifications for the natural resources sector in Argentina was that the Paris Club of creditor nations and Argentina have come to an agreement for repaying nearly $10 billion in debts which are currently in arrears. Why this is significant for the natural resources… Continue Reading
There haven’t been many bright spots among the wreckage of junior or mid-tier gold miners recently. However, one bright spot has been a name which we have followed for the better part of the last year, Endeavour Mining: Click to enlarge After a blistering start to the year EDV has retraced roughly half of its… Continue Reading
This morning the news started flowing again out of the Athabasca uranium Basin in Saskatchewan where millions of speculative dollars have been invested in the hopes of finding more of the highest grade uranium in the world. Aldrin announces the reason why they were halted yesterday and NexGen receives their drill permits for the Arrow… Continue Reading
Dr. Mark O’Dea’s West African gold developer, True Gold Mining (TGM:TSXV) has released the findings of their recently completed construction-level engineering plan and design work that has identified $9.7 million of capex savings at the Karma gold project. This represents a potential saving of roughly 7% from the current (and already low) $131.5 million identified in the feasibility… Continue Reading
After the market closed today Rio Alto Mining (RIO:TSX), who is in the process of acquiring fellow Peruvian gold company Sulliden Gold (SUE:TSXV), announced they have successfully come to terms with Agnico Eagle (one of Sulliden’s largest shareholders) to acquire their 8.6% stake in the target. Agnico Eagle has agreed to sell its interest in Sulliden for $1.10 per share or… Continue Reading
Patterson Lake area explorer, Aldrin Resources (ALN:TSXV) is halted this morning pending news. On May 13, Aldrin announced it had resumed drilling on their Triple M project (adjacent to Fission’s Patterson Lake South discovery) after the spring breakup in Saskatchewan’s boggy fields. The timing would be about right for them to have results from initial drilling and hence the halt. Aldrin is drilling… Continue Reading
LCC data by YCharts Ross Beaty’s Lumina Copper (LCC:TSXV) which is developing the world-class Taca Taca copper asset (21.15 billion pounds of copper, 5.56 million ounces of gold and 615.8 million pounds of molybdenum) in Argentina has caught a bid, up $1.23 per share to $7.61 at the time of writing. The company released a mandatory… Continue Reading
Yesterday, Australian-listed Papillon Resources (PIR:ASX) was halted at the company’s request pending a “potential corporate transaction”. If Papillon is part of a larger producers’ M&A mandate, then it would represent the 3rd such gold transaction in the past 2 weeks. Last week saw Rio Alto make a friendly, $300 million, bid for nearby Sulliden Gold and… Continue Reading
Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV), has begun initial ground work at the Swift Katie prospect in BC. The initiation of exploration at Swift Katie will focus on refining targets for a late summer drill campaign. Of particular focus will be the new “Swift” target which is located 2km south of the historical… Continue Reading
Mark O’Dea’s True Gold Mining Inc. (TGM) remained unchanged at 37.5 cents on 370,000 shares. The company has begun building a $132-million gold mine at its Karma project in Burkina Faso. To commemorate the occasion, the company invited 1,500 locals to the mine site last week for a groundbreaking ceremony. There, Naaba Keba, the region’s… Continue Reading
Mr. Paul Reynolds reports – Canaccord Genuity Group Inc.’s Peter Brown has resigned as a director and officer of the company, effective May 23, 2014, and will not be seeking re-election to the board of directors at the upcoming 2014 annual general meeting of shareholders. “On behalf of the board of directors, management and all… Continue Reading
My trusted friend Jonathan Roth helped Petromanas Energy make a must watch mini-documentary about oil in Albania, and the company’s exploration activities there in partnership with Royal Dutch Shell, which has just been released today to coincide with the company’s Annual General Meeting. Watch the video: Albania: The World’s Next Big Oil Play? Petromanas Energy… Continue Reading
