The Lundins focus on Chile is continuing today, this time with more news from portfolio company, NGEx Resources (NGQ:TSX). “Chile’s biggest new copper-gold camp” is posted all over NGEx’s website and the company believes that they not only have large deposits (3 of them to be exact), but that they are sitting on an entire… Continue Reading

The Lundin name has been synonymous with large deals in the mining space (Lundin Mining and Fortress Minerals) as well as big new oil discoveries in Norway (Lundin Petroleum) over the past few weeks, however, today that trend was bucked with their African oil explorer (aptly named Africa Oil (AOI:TSX)) trading to new 52-week lows… Continue Reading

A relatively unknown European-focused gold developer called Euromax Resources (EOX:TSXV) has a market cap of just $26 million, but yesterday it secured a $175 million streaming deal with the world’s largest gold streamer, Royal Gold. That’s nearly 8x its current market cap. Euromax’s management is made up of most of the former European Goldfields executives who sold that… Continue Reading

As reported earlier (here), billionaire Swede Lukas Lundin has been in talks with Kinross and the Ecuadorian government for a potential deal on the infamous high-grade gold deposit known as Fruta del Norte. After 5,200 shares traded today, the Lundin Group shell, Fortress Minerals (FST.H:TSXV) was halted pending news. As we speculated earlier, this would… Continue Reading

The opportunity to buy a $1 bill and pay only $0.50 for it was created earlier this year in the shadow of the largest gold M&A deal of the year. The $3.6 billion acquisition of Osisko was announced in April when Goldcorp made a hostile offer for the Canadian gold miner and ultimately saw Agnico-Eagle/Yamana jointly outbid… Continue Reading

As T. Boone Pickens put it, money is just a way of “keeping score” in life. But watch out: The “winners” are often the biggest losers. We’ve been rich and we’ve been poor. We’ve been desperate enough to need payday loans to get us by then even more desperate when we couldn’t pay them back… Continue Reading

Every year Vancouverites wait to hear the unveiling of Business in Vancouver magazine’s Forty under 40 list. This year’s inductees include a number of mining professionals who have been able to navigate through the bear market and rise to the top of deal makers and value creators. The list includes: Kevin Campbell: Managing Director, Investment Banking,… Continue Reading

>>Inteview With Rick Rule (MP3) During a time in which few investors are considering the possibility of a recovery in natural resources, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a… Continue Reading

The True Nature of Wealth You’ll recall from yesterday that the first secret to getting rich is that you cannot fear poverty. Otherwise, you can’t take the chances you need to take if you are to accumulate substantial wealth. You’ll also recall that there are only three important decisions in life: what you do… where… Continue Reading

By Chris Berry (Discovery Investing) If you’ve been watching financial news at all over the past week or looked at your portfolio, you’ll know that something is amiss in the commodities world. By most accounts, commodity prices are at five year lows. Almost everything, from gold to silver to iron ore to wheat to corn… Continue Reading

Meanwhile, the Dow was up to a new record on Friday, albeit on a small gain. Gold was unchanged. So, let us begin a short series on “How to Get Rich.” First, you have to learn to love being poor. You may think I’m joking. I’m not. I’m just exaggerating a little. The point is… Continue Reading

You are about to witness the weirdest promotional material ever created in the history of the investment advisory business. Meet Vancouver, Canada investment advisor Andrew Johns of Raymond James, also known as the Wolf of West Georgia Street: Johns specializes in cash management for public companies with over $1 billion in assets under management. At the conclusion of the… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly This is my first personalized basket, or Motif. I conceived it this past week. I will buy it Monday. It’s a collection of roughed-up resource prospectors and producers. I like the Motif concept. See below. This first one is called Ruffled Resources and has 18 gold, silver, coal, uranium,… Continue Reading

One of the youngest and most dynamic executives in the mining industry today is Nolan Watson, 34, founder and CEO of Sandstorm Gold (TSX:SSL, NYSE: SAND), a publicly traded streaming company with an approximate $860 million market capitalization. Earlier this week Sandstorm added Marry Little to its board of directors. Ms. Little is the founder… Continue Reading

BusinessWeek has a short piece out profiling Gerry Schwartz who left Bear Sterns a few months after Jerome Kohlberg, Henry Kravis and George Roberts in 1976 (founders of private equity giant KKR). Schwartz, a Canadian, brought the same LBO platform home to Canada and founded Onex which has returned over 28% annually over the past 30… Continue Reading