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
Permitting progress. A first gold pour. Drill results. Takeovers and asset sales. Miners and explorers are still getting things done. An environmental assessment green light. A first gold pour. Drilling results. A takeover aimed at an in-development U.S gold mine. The sale of half a massive copper mine for a billion dollars. Things are still… Continue Reading
Bob Quartermain has been one of the most successful resource sector investors of the last 20 years. He ran Silver Standard, acquiring silver projects and making discoveries during the precious metals bear markets of the early 90’s and early 2000’s. Rick Rule was involved in financing the company in 1992 when it was a small… Continue Reading
Via EnergyandGold.com, of undeveloped gold projects globally, few have the grade, size and potential of Pretium Resources’ Brucejack gold project, and specifically, the Valley of the Kings area, near Stewart, British Columbia, which contains 6.9 million ounces of gold at 15.7 grams per ton and is open for expansion. Pretivm is among the most valuable… Continue Reading
Arguably Canada’s richest gold development project got a big vote of confidence this morning from a prominent Chinese mining investor. Pretium Resources (PVG.T) has announced a new financing of $80.87 million with Zijin Mining Group. The placement will consist of 12.83 million shares at $6.30 per share giving Zijin a 9.9% stake in Pretium. Zijin Mining (2899.HK) is… Continue Reading
Canada’s most western province (BC) has had a rocky history with regards to the ease of doing business in the mining sector. Despite being one of the most endowed mineralized regions in the world, many large projects have encountered delays and setbacks especially in the areas of environmental and social licensing. The Imperial Metals disaster… Continue Reading
As of today, the non-believers of Robert Quartermain’s Brucejack project have been proven wrong. Pretium Resources (PVG:TSX), which is developing the Brucejack project, released an updated feasibility study on the project late yesterday which showed strong economics and viability even at low gold prices. Since their last feasibility study in mid-2013, the company drilled underground in greater… Continue Reading
Bob Quartermain’s Pretium Resources (PVG:TSX) had a less than stable year in 2013. The shares went from a high of $13.18 on January 2, 2013 down to a low of $2.89 in November 2013 amid controversy surrounding the legitimacy of their extremely high-grade Valley of the Kings deposit in BC, part of their Brucejack project. Since… Continue Reading
This morning, Pretium Resources (PVG:TSX) hosted a web conference from Toronto’s St. Andrews Club which was intended to shed light on the Valley of the Kings resource estimate at their Brucejack project. The presentation was led by Ivor Jones, an Executive Consultant with Snowden Mining Industry Consultants as well as Robert Quartermain (President and CEO,… Continue Reading
Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million. The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively. The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading
Last week, True Gold (TGM:TSX) announced a $36.6 million bought deal at a price of $0.40 (half warrant at $0.47). The deal was led by RBC Capital Markets and included BMO and Haywood. RBC was rated the top advisor for Canadian M&A for the third straight year (Bloomberg). Sources tell us, it is close to… Continue Reading
Cambridge, England is a university town that hosts a house of higher learning. Cambridge House is a Howe Street abode, a dwelling where hope, fear and greed each have rooms on the same floor (and share a bathroom). And floors and bottoms, of the TSX Venture variety, were something of a theme at this year’s… Continue Reading
According to an article by Bloomberg today, investment bankers are forecasting a rebound in gold mining M&A activity after decade low quite period for deals. Companies will be looking to acquire assets at fire-sale prices. The producers are trading at 20-year lows relative to book value, according to Bloomberg data. Total M&A transaction value in… Continue Reading
Junior mining community organizers, Cambridge House International, are set to host their annual blockbuster Vancouver Resource Investment Conference at the Vancouver Convention Centre this January 19-20, 2014. There are roughly 300 junior mining companies exhibiting (full list), ranging from explorers to developers and even some producers, each likely to be prospecting for investors at Vancouver’s… Continue Reading
Graham Farquharson of Strathcona Mineral Services tells The Northern Miner why his company made such a stink about Pretium (TSX:PVG)’s resource model and bulk sample test, ultimately resigning from the project. “Farquharson does not believe that Brucejack is a fraud. He does believe the resource model is wrong and that the actual resource at Brucejack… Continue Reading
