Fission Uranium CEO Dev Randhawa says he’s determined to fight through both negative market sentiment and the opposition of some retail shareholders who want him to step down after the failed merger with Denison Mines. Randhawa said in a phone interview late this morning that it’s business as usual as he advances and markets Fission’s… Continue Reading
Sandstorm Gold (SSL-T) Sandstorm Gold is making a foray into silver and base metals through a blockbuster $152-million streaming agreement with Yamana Gold. The deal, funded through Sandstorm’s line of credit, sees the company pick up: a silver stream on Yamana’s Cerro Moro mine development, including interim silver deliveries between 2016 and 2018 on operating… Continue Reading
Eastern Platinum (ELR-T) “Where there’s smoke, there’s fire,” the saying goes. In the case of Eastern Platinum, the smoke was the multiple delays in closing a deal that would have seen a Chinese buyer pick up Eastern Platinum’s PGM business in South Africa. The flames arrived yesterday after the market close when Beijing Hehe Fengye… Continue Reading
NovaCopper (NCQ-T) Alaska copper-zinc developer NovaCopper has more rich intercepts to add to the resource at its Arctic deposit in Alaska’s Ambler mining district. The 14-hole diamond drill program, which yielded 3,056 metres of core, was designed to test the continuity of mineralization as well as upgrade resources from inferred to measured and indicated categories… Continue Reading
It’s been a busy couple of days on the Canadian diamond exploration front, even as rough prices for diamonds grind lower in response to a slowing global economy. Rio Tinto this week cut back on diamond production at its Argyle mine in Australia, the world’s largest source of fancy pink diamonds, and expects to produce 18… Continue Reading
Published by Robert Friedland and Peter Meredith on behalf of Ivanhoe Capital. Ed Flood, an entrepreneurial geologist, with a flair for investment management, was a vital asset in critical decision making throughout the founding, operational establishment and ultimate exploration success – spanning 17 years of triumph and tribulation – that came to distinguish the original… Continue Reading
(Editor’s Note: Lithium has been a hot topic in CEO Chat of late, as Tesla Motors’ Gigafactory takes shape in the Nevada desert. In a future where batteries take centre stage, powering everything from Elon Musk’s electric cars to electronic devices to residential power systems, lithium supply becomes crucial. That presents opportunities for speculators, and… Continue Reading
Positive sentiment continued in the mining sector this week, despite most commodities failing to maintain last week’s price rally. In what could be viewed as the turnaround the mining sector has been waiting for, investors were relieved that metal prices stabilized – as opposed to previous metal price rallies of late that have remained short-lived,… Continue Reading
With economic weakness in the U.S. pushing a likely rate hike out to next year (at the earliest), gold continues to show signs of life. The yellow metal was last closing in on US$1,190 an ounce after trading as low as $1,080 in July. It also didn’t hurt that Paul Singer of Elliott Management… Continue Reading
Yesterday, Goldquest Mining Corp. Executive Chairman Bill Fisher presented in Vancouver and Eric Coffin, editor of the Hard Rock Advisory newsletter and a close follower of the company, encouraged us to attend. Note: Mr. Fisher’s comments about Goldquest were made in a “Forward-Looking” context. This means they may not come true, and are subject to a number… Continue Reading
Rick Van Nieuwenhuyse, CEO of NovaCopper Inc. (TSX, NYSE – NCQ), previously helped develop predecessor NovaGold Inc. into a leading gold exploration company with a multi-billion-dollar market capitalization and $19 stock at its highs. He would like to repeat that success at NovaCopper, which is advancing a new potential mining district in Northwestern Alaska with state and… Continue Reading
The Athabasca Basin is back in play after a planned merger between Denison Mines and Fission Uranium fizzled, the companies announced this morning. Two-thirds approval was required from Fission shareholders but they shot down the much-criticized all-share deal, which had dragged down the stocks of both companies since it was announced July 6. News release:… Continue Reading
News releases that caught my eye this morning including a silver streaming deal between Franco Nevada and Teck Resources and drill results from Seabridge Gold. Seabridge Gold – (SEA:TSX) – Good news for Seabridge shareholders this morning as the drill bit continues to intersect mineralization at the monster KSM project in northwestern British Columbia. This is… Continue Reading
The Athabasca Basin in northern Saskatchewan was the focus on Bay Street in Toronto Tuesday at a sometimes-tense shareholder town hall meeting about the merger of Fission Uranium and Denison Mines. Live chat thread from today’s event starts here. Many Fission shareholders oppose the deal, feeling neither the timing nor the price was right. One… Continue Reading
Even amid the worst commodities downturn in recent history, the Lundin Group of natural resources concerns is still worth an astounding $9-10 billion. This from Lundin family investment manager Lukas Lundin, who joined Andrew Bell’s Commodities program on BNN Television Tuesday. I am not 100% sure, but I think this is Mr. Lundin’s first appearance on BNN (other… Continue Reading
