Today’s action in precious metals and natural gas was quite notable. The stage is now perfectly set for a monster move higher in gold miners, gold, and natural gas over the coming weeks. The crowd was clearly taken by surprise with today’s moves in precious metals and the miners – with the herd so poorly… Continue Reading

Joseph Conway’s Primero Mining (P:TSX) announced its Q2/2013 results this morning and they were impressive.  The company was able to achieve what most junior gold producers do not these days; to deliver solid results and raise production guidance for the year.  Primero produced over 39,000 ounces at $551/oz Au-Eq (gold equivalent) cash costs.  On the… Continue Reading

Capstone Mining (CS:TSX) announced today that it would acquire the right to earn up to 70% of the Project Providencia from Sociedad Quimica y Mineral de Chila S.A. (SQM).  The property is somewhat strategic in that it sits approximately halfway between Capstone’s Santo Domingo Project and Anglo American’s Mantos Blancos copper mine. SQM is a… Continue Reading

Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced the results of an additional four drill holes from their Patterson Lake South Deposit (50/50 Joint Venture) in the Athabasca region of Saskatchewan.  The two are in the process of completing a $6.95 million, 11,000m drill and ground geophysics program on the project.  Drilling highlights included 18.5m… Continue Reading

Paladin Energy (PDN:TSX), which was halted yesterday, resumed trading today after announcing it was cancelling the sale of a minority interest in the Langer Heinrich Mine in Namibia and is instead going to issue 15% of its outstanding share capital at a 30% discount to the market.  Needless to say, the market isn’t happy, with shares down… Continue Reading

Canacol Energy (CNE:TSX) provided production results from its wells in Colombia and Ecuador.  CNE’s total corporate production in July averaged 10,120 boepd, of which 7,027 bopd was crude oil with another 3,093 boepd of gas.  Month over month growth in total corporate production was 17.5% (8,616 boepd in May and June) and 22% (5,794 bopd)… Continue Reading

Platino Energy Corp (PZE:TSXV) to sell its 50% WI in the Morpho Block in the Middle Magdalena Valley Basin in Colombia to Parex Resources (PXT:TSX).  As part of the deal, Parex will give PZE a 4% NPI royalty on the block.  This makes sense for PZE because they need to allocate capital efficiently, like everyone… Continue Reading

Exeter Resource Corp (XRC:TSX) was up 50% in early trading and closed up 22% with abnormal volume on no news today.  Exeter has been advancing the very large, but costly Caspiche gold/copper porphyry in Chile which boasts 19Moz Au and 4.62Bn lbs Cu in reserves which ranks it in the top 1% of global gold… Continue Reading

Lundin Group oil junior, Africa Oil (TSXV:AOI) depended the hole of its Etuko-1 target to penetrate the Lower Lokhone formation and has hit 50m of potential net pay.  The company already hit 40m of net pay in the Auwerwer and Upper Lokhone reservoirs, so this increase in depth will be flow tested later this year… Continue Reading

While this morning’s sell-off came close to breaching key support levels, thereby triggering a larger topping pattern, the bulls ultimately prevailed….again: Click to enlarge The afternoon rally for the second consecutive session was certainly impressive, however, equities still haven’t gone anywhere in the last two weeks – meanwhile, the weekly candle in the market leading… Continue Reading

Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry.  Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading

The all-star tech incubator, Difference Capital (see Tommy’s article), announced the closing of a $45-million financing which brings the total funds raised in the previous two financings to $101-million and a total of $185-million since May 2012.  You don’t see many junior miners able to raise that kind of money, especially in this market.  So,… Continue Reading

Bloomberg reports on the current mining market meltdown’s devastating impact on Canada’s investment community. Mark Morabito, chairman of Alderon Iron Ore Corp. (ADV), was quoted. “I’m now dealing with the top guys, the global heads of mining, because the guys in between are all gone… Toronto is just a dead zone.” Read: Toronto Bankers Feel Pain From Mining… Continue Reading

While the gold miners appear to be poised for the next step in the bottoming process: Click to enlarge There are two resource stocks that have continued to exhibit enormous relative strength during the most difficult stretch for the sector in nearly two decades: AMW.V PVG And the chart of the summer….. ZEN.V

Inc Magazine has four tips for venture CEOs raising early stage money. My favourite point is #2, “There needs to be enough momentum so that VCs feel like they need to jump on or else they’re going to miss out.” Promotion = excitement. Read: Raising Capital: 4 Things You Must Do | Inc