One of the very few Canadian based junior mining companies with any cash is Lowell Copper, which raised $11.4 million earlier this year, with a lead order coming from resource titan Lukas Lundin. Lundin and others backed the junior for the intellectual property of its founder, J. David Lowell, an octogenarian explorationist who pioneered the… Continue Reading

Tekoa from Bull Market Thinking interviews Sprott Asset Management founder Eric Sprott, who became a billionaire in the gold bull market, but has lost his step as the bullish outcome for precious metals and resources equities Sprott predicted has yet to materialize. Still, the interviewer asked a couple of great questions of the pioneer Sprott:… Continue Reading

After coming off their huge Patterson Lake South win, the former management team of Alpha Minerals is now running Alpha Explorations (AEX:TSXV) which is a spinout with assets in the Cluff Lake and Patterson Lake areas in Saskatchewan.  They also hold prospective land in the Timmins gold camp area in Ontario.  Today they announced their… Continue Reading

Malcom Perry of the Vancouver Sun reported that Ted Turton, who co-founded Canaccord Genuity Group (CF:TSX) with Peter Brown, died this week at the age of 84. Our thoughts and prayers are with his friends and family. Mr. Turton and Mr. Brown paid $23,000 in 1968 for a small brokerage firm called Turton & Co. which became Canarim Investment… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Also: Sysorex Global, Inovio Pharma Solvista Gold corners Iamgold into a porphyry partnership at Caramanta in Colombia. Takeways: Breathing room for Solista’s Miller O’ Prey and Jeffrey Miller. Bob Allen’s Grupo de Bullet owns a hunk of Solvista (SVV in Canada). Solvista is one of our TCR 8 It… Continue Reading

Robert Friedland’s Ivanhoe Mines (IVN:TSX) has completed  dewatering activities to the main working level of the historic and high-grade Kipushi copper-zinc-germanium-lead and precious-metals mine (68% IVN, 32% state-mining company) in the Democratic Republic of Congo (DRC).  The mine’s underground workings were extensively flooded during the previous 18 years when the mine was on care-and-maintenance as a former… Continue Reading

Mark O’Dea’s West African gold development play, True Gold Mining (TGM:TSX) released a robust feasibility study for the Karma gold development project in Burkina Faso.  At $1,250 per ounce gold, the project provides an after-tax NPV(5%) of $180 million and a 43.1% IRR (TGM’s netted amount).  This provides for a payback of the initial $131.5… Continue Reading

Sound familiar?  That’s because Asanko Gold (AKG:TSX) and PMI Gold (PMV:TSX) attempted a merger in late 2012 that was mutually terminated in early 2013 after it became apparent they wouldn’t get the supermajority votes necessary to complete the transaction.  Now, after the largest price decline in gold in over a decade and the substantial derisking that… Continue Reading

The last day for tax loss selling is December 24th for Canadian listed securities and December 26th for US listed securities.

Joseph Conway’s Primero Mining (P:TSX) announced this morning it has entered into a agreement to acquire Brigus Gold (BRD:TSX) in an all-share transaction.  Primero will use their stock, which has held its own this year, in an exchange ration of 0.175:1.  This values Brigus at approximately $220 million.  This bid represents a 43% premium to… Continue Reading

In 2008, the aftermath of the Subprime Mortgage Crisis created the perfect storm for the emergence of Bitcoin. Here is all five years of history for the famous crypto-currency. Click the image to view the full-sized infographic.

Canada Carbon (TSX-V: CCB), Bruce Duncan’s junior mining company focused on the Miller graphite project in Quebec, announced today that the firm had secured 100% interest from Caribou King Resources for an eight claim parcel contiguous to the company’s past producing Miller graphite mine. The acquisition, which would increase the Miller Graphite property to 94.2… Continue Reading

As most other banks try to offload their commodity trading desks amid weak commodity prices, Wells Fargo is attempting to build a desk in London, according to reports. Janet Mirasol was hired last month from R.J. O’Brien to lead their OTC and listed derivatives team in New York.  Wells will look to add commodities traders… Continue Reading

Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion).  The deal will see Mercator’s assets get a much needed injection of capital.  Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading

Bruce Duncan’s Canada Carbon (TSX-V: CCB), which is advancing the Miller graphite project in Quebec, announced the results from an additional chemical characterization of graphite concentrate from the company’s wholly-owned Miller Graphite property. The characterization was carried out to finely measure purity beyond the capability of current conventional infrared techniques. The submitted Miller graphite concentrate… Continue Reading