Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted… Continue Reading
Red Kite founder Oskar Lewnowski has spun out a $1.1bn mining fund from Red Kite, the mine finance firm he co-founded: Metal commodities specialist investment manager Red Kite Group facilitated a move by one of its founding partners, Oskar Lewnowski, to spin out the private equity fund he managed, RK Mine Finance Fund II, to… Continue Reading
Another good sign for the resource equity markets; Paul Matysek’s Goldrock Mines (GRM:TSXV) quietly raised $9.24 million by way of strategic investment by Austral Gold (AGD:ASX) consisting of units at $0.80 per share (with an $0.80 warrant). This represents a 51% premium to yesterday’s closing price. After closing, Austral will own approximately 15% of Goldrock. Austral’s… Continue Reading
This week 34 year old Sandstorm Gold (NYSE:SAND) CEO Nolan Watson bought approximately $50,000 worth of his Sandstorm Metals and Energy stock in the open market, according to INK Research, bringing his total ownership of the Sandstorm Gold spinoff to 159,399 shares, or approximately half of one percent of the company. Last September, Nolan and… Continue Reading
