THE CALANDRA REPORT: Subscribe Concordia Resource Corp. – one of Canada’s most puzzling metals equities – is gaining a DRC Congo nickel, copper and cobalt property and another, copper and gold, in Australia. Concordia (CCN in Canada) explains that pending shareholder approval it also shall distribute shares of a new Argentina-focused explorer to shareholders. That’s… Continue Reading

After reviewing most of the corporate presentations from last week’s Denver Gold Forum, some repetitive themes arose: 1.)    Focus on returns: Almost unanimously, the producers claim to be focusing on high-quality operations only and have already, or will look to, dramatically reduce capital spending as well as divest assets that do not meet the margin… Continue Reading

Ari Sussman’s Continental Gold (CNL:TSX) released assay results from 28 drill holes and underground sampling from the Yaragua and San Agustin vein systems at the company’s ‘best-in-class’ Buritica gold project in Colombia (news release). Overall, the results continue to show exceptional grades and growing widths. All of the 27 underground holes at Yaragua were successful at… Continue Reading

Bob Quartermain’s Pretium Resources (PVG:TSX) has begun processing the 10,000-tonne bulk sample from the Valley of the Kings material at the company’s Brucejack project (news release).  The material has been sent to a custom mill in Montana where it will be processed at a rate of 220tpd which will produce gold-silver gravity and flotation concentrates… Continue Reading

The Lac des Iles graphite mine in Quebec is the larger of two Canadian graphite producers, and owned by Imerys S.A., a multi-billion dollar French multinational company which specialises in the production and processing of industrial minerals. Imerys has been around for nearly 140 years. The Lac des Iles graphite mine, which is ran by… Continue Reading

Petroamerica Oil Corp. (TSXV:PTA), a junior light oil producer focused in Colombia’s Llanos Basin, has provided an operations and financial update in a news release out this morning. PTA has US$64 million in cash as of Sept 30, 2013, and all planned future capital programs through 2014 are expected to be fully funded internally. Production… Continue Reading

International Minerals (IMZ:TSX) has agreed to be bought by Peruvian miner, Hochschild Mining (HOC:LN) for CAD$2.46 per share.  On top of the cash component, International Minerals shareholders will also receive one common share of Spinco which will hold IMZ’s current portfolio of Nevada assets including the Goldfield and Converse properties.  Spinco will also keep the… Continue Reading

Mason Graphite (LLG:TSXV) has updated the market with regards to progress at their Lac Gueret graphite project in northeastern Quebec in a news release out this morning. Lac Gueret has had extensive development work done to date including a PEA earlier this year which envisioned a low capital intensity, high-grade, long-life asset.  The company also completed initial… Continue Reading

Brian Edgar and Tim Barry’s Silver Bull Resources (SVB:TSX) released a Preliminary Economic Assessment (PEA) for its Sierra Mojada silver-zinc project in Coahuila, Mexico. Sierra Mojada is one of the largest undeveloped silver projects in Mexico, with an indicated resource of over 160 million ounces of silver at an average grade of 70 grams per tonne using a… Continue Reading

Midas Gold (MAX:TSX) released assays from recent drilling at their Hanger Flats deposit at the Golden Meadows project in Idaho.  The company is completing resource definition drilling at Golden Meadows in order to complete an updated economic study.  The highlight of the release today was hole MGI-13-361 which intersected an impressive 100.6m of 3.09g/t gold… Continue Reading

Lundin Group company, NGEx Resources (NGQ:TSX), released an updated resource estimate for their Josemaria copper-gold project located in San Juan province, Argentina.  According to the company, the Lundin Family Trust controls 19.9% of NGQ’s shares.  NGEx is the 60% operator of the project with JOGMEC (Japan Oil, Gas and Metals National Corporation) holding the other… Continue Reading

The second largest oil producer in Colombia, Pacific Rubiales Energy (TSX:PRE), has agreed to buy light oil producer Petrominerales (TSX:PMG) for $1.6 billion in an all cash deal that represents a 56% premium for PMG shareholders. The transaction also implies a value to Petrominerales of $47,000 per flowing barrel.  Each PMG shareholder will receive $11 per… Continue Reading

Stockwatch is reporting on a shell company, Raystar Capital, with some prominent shareholders including Lukas Lundin, Randall Oliphant, Doug Forster, and Blayne Johnson, which is about to become Newmarket Gold. Sources tell us Newmarket will be going after producing gold assets, and that Doug Forster will become the company’s CEO. Mr. Forster is an accomplished… Continue Reading

“Most great discoveries have to climb a wall of worry and disbelief,” says a geologist who has worked with the Ivanhoe group in Mongolia, R. Edward Flood. “Especially when it comes to Robert Friedland — because all the seasoned investors who follow this sector cannot allow themselves to believe he has done it again.”

The Lundin Group’s Africa Oil (AOI:TSXV) announced this morning that it has discovered oil on its Block 13T in Kenya, which indicate a potential pay zone of 60-100m.  This further derisks and represents the fourth consecutive significant oil find in the East African Rift Basin.  The company holds a 50% working interest with operator Tullow… Continue Reading