Best in-class Colombia gold developer, Continental Gold (CNL:TSX), released assay results from the latest 13 drill holes from the Veta Sur and northern Estera systems at the Buritica project in Colombia.  Highlights include: hole BUUY149 which encountered 0.5m of 101.5g/t gold and 20g/t silver and hole BUUY353 which encountered 2.5m of 12g/t gold and 37g/t… Continue Reading

Bob Quartermain’s beat up, Pretium Resources (PVG:TSX) has released assay results from ten underground holes and provided a more positive update on the ongoing 10,000-tonne bulk sample work.  Highlight assay results include 12.22m of 201.21g/t gold uncut including 0.5m of 4,830g/t gold uncut.  The drilling continues to intersect super high-grade and narrow veins of roughly… Continue Reading

“It doesn’t relieve you from the pressure of trying to get it right right out of the dorm room and they’ll be stories of people that do but its very unlikely that you will and not highly consequential if you don’t get it right right away.”

If everyone is long equities and thinking the Fed will be dovish and continue to talk back the taper, how can markets continue higher tomorrow after the FOMC announcement? The answer is they can’t, UNLESS the Fed offers the prospect of QE-infinity for longer OR an INCREASE in asset purchases. So unless the Fed surprises… Continue Reading

This morning Coalspur Mines (CPT:TSX) updated the market on some of the activities they have undergone over the last quarter as well as cash flow reports.  Among other things, over the last quarter, CPT closed their $350 million senior debt facility and drew down the initial $37 million from it.  They also ‘advanced’ the regulatory… Continue Reading

Oct. 28 (Bloomberg) –- Principalis President & Founder Pippa Malmgren discusses the possibility the Fed may begin tapering in March of 2014 with Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg) Also: Pending Sales of Existing Homes Slump by Most in Three Years

After much speculation surrounding B2Gold’s (BTO:TSX) current M&A mandate, Clive Johnson has pulled the trigger on a relatively small acquisition; agreeing to buy Volta Resources (VTR:TSX) and their Kiaka gold deposit in Burkina Faso for shares with a total deal value of $63 million.  BTO has agreed to purchase VTR using their shares in an… Continue Reading

According to our CEO Technician, Ivanhoe Mines has a $3 short term technical target if shares in the African mine developer close above $2.50 today. Related: What is a Cup and Handle pattern? Last week, Ivanhoe was upgraded by CIBC World Markets analyst Leon Esterhuizen from “sector perform” to “sector outperform” with a $4.50 price… Continue Reading

The forces are strong in this market, and growing stronger by the day. Margin debt is at all-time highs, flows into equity mutual funds & ETFs continue to be robust, retail investor participation in the stock markets is steadily growing (as measured by flows into leveraged bullish ETFs, and almost insatiable retail investor thirst for… Continue Reading

The Globe and Mail, Canada’s national newspaper, has published a story I wrote about Canaccord Genuity’s Global Resources Conference and why four veteran investors (Frank Giustra, Frank Holmes, Randall Oliphant and Paul Reynolds) are optimistic for gold and resources shares. The article is behind the Globe Unlimited paywall, which is worth the $30 per month for… Continue Reading

According to Bloomberg, Greenland is set to lift a uranium mining moratorium which has been in place for 25 years.  Greenland is thought to be extremely rich in rare earth and uranium minerals which could spark a uranium mining rush to the arctic island.  Denmark has backed Greenland’s plans to expand the development of its natural resources to include… Continue Reading

Colombian light-oil producer, Parex Resources (PXT:TSX) has provided an impressive update on its operations in Colombia including raising their full-year guidance to 15,700bopd (up from 15,000-15,500bopd).  The increase to full year guidance comes on the back of impressive production in the third quarter of 16,200bopd and an even more stellar forecast for the fourth quarter… Continue Reading

West African gold developer, Asanko Gold (AKG:TSX) (previously Keegan Resources) has announced the final piece of funding needed to build their $290 million Esaase gold mine in Ghana.  AKG has signed a definitive agreement with Red Kite Mine Finance for a $150 million project debt facility comprised of $130 million project facility (LIBOR + 6)… Continue Reading

I have said since you interviewed me over one year ago, this will continue and now is becoming a global phenomenon. The Fed has worked itself (and now most of the world) into an inescapable trap. I believe hard assets will go higher, including gold and commodities. http://www.bloomberg.com/news/2013-10-23/central-banks-drop-tightening-talk-as-easy-money-goes-on.html

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