Shares of gold miners B2Gold, Endeavour Mining and Randgold slid in Friday trading in the aftermath of a terrorist attack and hostage-taking at a Western hotel in the Mali capital of Bamako that killed at least 27 people. The producers are among mining companies with operations in the west African country. B2Gold had two employees staying… Continue Reading
For those that haven’t had access to the internet or TV today, the West African country of Burkina Faso’s government has collapsed and is essentially in complete disarray. After a day of violent protests, the military seized power and effectively dissolved the country’s parliament. This is a surprise, coming out of one of the more… Continue Reading
Endeavour Mining (EDV:TSX) which operates four mines in Western Africa has continued their track record of delivering projects on time and on budget. Late yesterday, the company announced the completion of development at their Segala underground mine (part of their Tabakoto project) which allows Endeavour miners to access higher-grade ore and process it through the… Continue Reading
RAB Capital co-founder and Special Situations Fund manager Phillip Richards was interviewed by JT Long of the Gold Report. RAB became well known natural resources investors during the past decade’s commodities super bull market period (2004-2007). Mr. Philips discusses the gold, silver, nickel, vanadium, zinc and oil and gas companies that he owns, including a shared position, Endeavour Mining.… 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
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
I joined CNBC Africa during the Mining Indaba convention last week in Cape Town, South Africa. Interviewer Svetlana Doneva and I discussed Canada’s leading role in mineral and energy exploration and development on that continent, which I credited to our intellectual property and technology, as well as the Canadian style of entrepreneurship, which lends itself… Continue Reading
Endeavour Mining Delivers 324k oz in 2013, Forecasts 400k to 440k oz in 2014. All in costs: $985-$1070 Today, after the Canadian markets closed, Endeavour Mining (EDV:TSX) released their 2013 fiscal year end numbers as well as an official outlook for fiscal 2014. The company produced a total of 324,275 ounces of gold in 2013 which… Continue Reading
Nearly one month into 2014 we have decided to separate the wheat from the chaff and identify the 5 most promising charts in the junior space: Click to enlarge Alderon Iron Ore Corp. (ADV.TO) Alderon, with its partner Hebei Iron and Steel, are set to move its Kami iron ore project in Quebec’s Labrador Trough… Continue Reading
VANCOUVER, CANADA – FRIEND OR FOE, TAKE THE DOUGH… Mark O’Dea’s True Gold Mining has just announced a $36.6-million bought deal financing with RBC Capital Markets of $0.40 units with a half warrant at $0.47 good for six months. Concurrently, Liberty Metals and Mining, True Gold’s largest shareholder, has has elected to exercise their participation… Continue Reading
Today was a good day for two West African gold miners with head offices in Canada. Endeavour Mining (TSX:EDV) declared commercial production at their Agbao mine in Côte d’Ivoire, which is that company’s fourth gold mine in West Africa. Ivorian Prime Minister Mr. Daniel Kablan Duncan was on hand for the ribbon cutting ceremony and convention signing… Continue Reading
Endeavour Mining (EDV:TSX), the African gold miner, that currently operates three mines in West Africa has announced commercial production has been reached at its fourth mine; Agbaou in Cote d’Ivoire. The company expects to grow production by 1/3rd this year, to approximately 400,000 ounces (up from 300,000 ounces in 2013) while reducing all-in costs per ounce below… Continue Reading
After markets closed yesterday, West African gold producer, Endeavour Mining (EDV:TSX) released significantly improved third quarter results which included record gold production of 88,445 ounces in the quarter which is their largest quarter to date and represents a 17% from second quarter production of 75,421 ounces. The company was able to slightly lower cash costs in the quarter, down… Continue Reading
With gold set for its first annual decline since the year 2000, Goldman Sachs, the outspoken pessimist of the gold markets, put out a report summarizing their expectations for third quarter earnings. The focus of the piece was Europe, Middle East and Africa (EMEA) gold miners and was titled “3Q earnings previews: Lower gold price… Continue Reading
Endeavour Mining (EDV:TSX) has added some depth to its roster by bringing on Ian Cockerill, Miguel Rodriguez and Frank Giustra to its strategic advisory board. The three new members will replace Jorje L. Gamarci and Dr. Antony Harwood. The board now consists of seven members: Michael Beckett (Chairman), Ian Cockerill, Frank Giustra, Ian Henderson, Wayne… Continue Reading
