Erdene Resource Development Price: 0.15 Market capitalization: $14.5 million Peter Akerley, the CEO of Erdene Resource Development (ERD-T), first set foot in Mongolia 18 years ago. At the time, few westerners had. The geologist, then 33, was working for a group that included a Barrick Gold joint venture and had managed to lock up 4… Continue Reading

One of Canada’s most active exploration companies, Skeena Resources (TSX.V: SKE) added to its land position in B.C.’s Golden Triangle with Tuesday’s announcement that it is acquiring the GJ property adjacent to its Spectrum high-grade gold project. NR here: Skeena Acquires GJ Copper-Gold Project Skeena is acquiring GJ from majority owner Teck Resources (51%) and 49% joint… Continue Reading

Mongolia gold play Erdene Resource Development Corp. has announced the discovery of bonanza-grade gold in rock chip and grab samples south of its flagship Altan Nar project. Highlights at the new discovery, Bayan Khundii (Rich Valley), include: Multiple high-grade rock chip samples (4 to 4,380 g/t gold) collected from multiple mineralized zones over a 1.4… Continue Reading

Two announcements this morning from Red Lake gold developer Rubicon Minerals that could make it a lively day for the company’s shares:  CEO Michael Lalonde “has left the company” and the Ontario environment ministry has ordered a shutdown of mill operations at the company’s Phoenix gold project while it deals with tailings and ammonia problems.… Continue Reading

It was a bad start to the week for a number of top multi-commodity miners on the back of persistently low base metal prices. Copper in particular fell last week from just under $2.45 per pound down to as low as $2.22 per pound in intraweek trading on Tuesday (this week), before rebounding late in… Continue Reading

Endeavour Mining (EDV-T) Price: 0.55 MC: $227 million During the bull market, large gold companies were pressured by shareholders to finance higher-cost mines by issuing debt. That increases production and cash flow when gold is rising, but when the price falls it burdens large producers with too much debt and renders their production unprofitable. Four… Continue Reading

The mining industry is experiencing its toughest bear market in decades and exploration companies are the hardest hit. Aston Bay Holdings (BAY – TSXV), a tiny junior explorer looking for copper at the Storm project in Nunavut, Canada, hasn’t had more than six months worth of expenses in its treasury in more than four years.… Continue Reading

In a junior mining sector where financing drought continues to be the rule, Kaminak Gold continues to cash in and attract deep-pocketed shareholders. On Monday the Yukon gold developer announced a $22.5-million financing and a significant new shareholder: billionaire Thomas Kaplan’s Electrum Strategic Opportunities Fund LP. Existing shareholders Ross Beaty and Lundin trust Zebra Holdings… Continue Reading

It’s been a busy week at CEO.CA and we wanted to share some of the highlights in case you were too busy to stop by as often as you would have liked. There are high-quality projects being advanced and value is being created, even if it’s unrecognized in these markets. Enjoy your weekend and stop… Continue Reading

2015 will be remembered as a period when investors could buy world-class natural resource assets for pennies on the dollar. Tintina Resources (TAU:TSXV, TINTF:OTCQX) owns one of the highest-grade undeveloped copper deposits, in an excellent location — and trades for less than its cash in the bank. The company is also backed by one of the most… Continue Reading

Ascot Resources (AOT.v) is out with drill results and some impressive intercepts at its 100-sq-km property near Stewart in northwestern B.C., which includes the historic Premier Mine. Drilling highlights in the “Lunchroom subzone” included 226 g/t Au over 1 metre within a broader zone of 12.77 g/t over 53.89 metres in Hole P15-860, and 284 g/t… Continue Reading

Yukon explorer Klondike Gold Corp. has discovered visible gold within quartz veins in 15 of 19 drill holes from its summer program on the Lone Star property, the company announced this morning. Assays on the drill core are expected within the next month. The summer drill program was increased from 1,000 metres to 1,374 metres… Continue Reading

Strategic investments that bring technical and human expertise as well as capital propel new discoveries. And Cordoba Minerals Corp. (TSX-V: CDB) recently nailed those objectives through an earn-in agreement with Robert Friedland’s HPX Minerals — and it all started with an elevator pitch, literally. On May 8, Cordoba announced that privately owned HPX (High Power… Continue Reading

Ivanhoe Mines’ deal to sell a stake in its Kamoa copper project to China’s Zijin Mining has received the green light from the Democratic Republic of Congo, which had earlier objected to the sale. The agreement sees Zijin Mining pay US$412 million to acquire 49.5% of the shares of Kamoa Holding Limited, which owns 95%… Continue Reading

These are still early days at Skeena Resources’ $SKE (TSXV) Spectrum gold project, located in B.C.’s Golden Triangle, but early signs are promising. It’s where Skeena chairman Ron Netolitzky is going for his third home run after his involvement with the Snip and Eskay Creek discoveries of the 1980s and ’90s. Both went on to become… Continue Reading