Virginia Mines (VGQ:TSX), a hybrid between an exploration company and a royalty company, has signed an agreement between three Quebec institutions to help finance $28 million worth of expedited exploration at the company’s Coulon massive-sulphide prospect in Quebec.  The financing group included SODEMEX Developpement LP (a subsidiary of the Caisse de depot et placement du Quebec)… Continue Reading

Asanko Gold (AKG:TSX) and PMI Gold (PMV:TSX) announced in mid-December that they intended to merge the two to take advantage of the synergies between their two assets in Ghana.  The two attempted to merge in late 2012, but was later terminated as PMI shareholders’ couldn’t agree.  Asanko has since significantly de-risked their project and is… Continue Reading

Robert Disbrow, the Vice President of Institutional Sales and Director of Haywood Securities Inc and co-founder of former institutional powerhouse firm First Marathon, is acquiring shares of micro-cap silver-zinc explorer Caracara Silver (CSV:TSXV).  According to filings, Mr. Disbrow has acquired roughly 2 million shares since September 2013 at prices ranging between $0.065 and $0.025 per… Continue Reading

The Matthew Hornor led Kaizen Discovery (KZD:TSXV), which is over 40%-owned by legendary resource developer Robert Friedland, has secured a $5.1 million strategic investment from ITOCHU Corp. of Japan.  Matthew Hornor has deep connections in Japan and was instrumental in securing Ivanhoe Mines’ (IVN:TSX) $300 million investment by a Japanese consortium for their Platreef platinum project… Continue Reading

HANK: 5 Years From the Brink – In Theatres January 31, 2014 and Available on Netflix & iTunes. Hat tip Josh Brown’s Reformed Broker blog.

Jim Dines has been writing one of the world’s best read financial newsletters, The Dines Letter, since the 1950’s, and he’s still going strong… A few days ago Dines joined King World News to discuss his outlook for 2014 (Listen to the interview). Dines pats himself on the back for calling the coming 3D printing… Continue Reading

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Bankers Petroleum (BNK:TSX), the Calgary-based heavy oil producer, is Albania’s largest foreign direct investor.  The video focuses on Albania’s oil history as well as Bankers’ massive Patos-Marinza oilfield.  That oilfield is the largest ever discovered in continental Europe.  The company drilled 146 wells into the Patos-Marinza field in 2013 and expects to drill over 175 in… Continue Reading

We appear to be approaching a unique global currency mess. Yesterday evening’s Turkish rate hike reeked of desperation and triggered a powerful pop in thin futures markets: The rally was short lived as we have seen nothing but a deluge of selling in equity futures this morning. Meanwhile, there is a flight to ‘quality’ in… Continue Reading

According to reports this afternoon the rumor that Edgecrest Capital was in talks to acquire Stonecap Securities appear to be true as the two announced the acquisition after the market closed today.  The price wasn’t disclosed, but the move by Edgecrest allows them to enter the US market via Stonecap’s FINRA registration without having to go… Continue Reading

VANCOUVER, CANADA – FRIEND OR FOE, TAKE THE DOUGH… Mark O’Dea’s True Gold Mining has just announced a $36.6-million bought deal financing with RBC Capital Markets of $0.40 units with a half warrant at $0.47 good for six months. Concurrently, Liberty Metals and Mining, True Gold’s largest shareholder, has has elected to exercise their participation… Continue Reading

Colombian E&P company, Canacol Energy (CNE:TSX) released the results of their Mono Arana 2 appraisal well today.  The well is located on the VMM2 block which Canacol holds a 20% working interest in and is operated by 80% holder ExxonMobil.  The Mono Arana 2 well was drilled in the Middle Magdalena Valley of Colombia and… Continue Reading

Today was a good day for two West African gold miners with head offices in Canada. Endeavour Mining (TSX:EDV) declared commercial production at their Agbao mine in Côte d’Ivoire, which is that company’s fourth gold mine in West Africa. Ivorian Prime Minister Mr. Daniel Kablan Duncan was on hand for the ribbon cutting ceremony and convention signing… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly SIEM REAP, Cambodia — Just touched base here with Bob Neill, newest Angkor Gold board member. Bob is the 33-year-old executive from Medellin who handles much of Grupo de Bullet’s property syndication efforts in Colombia. He is just back from touring a handful of ANK’s properties in Ratanakiri Province.… Continue Reading

Endeavour Mining (EDV:TSX), the African gold miner, that currently operates three mines in West Africa has announced commercial production has been reached at its fourth mine; Agbaou in Cote d’Ivoire.  The company expects to grow production by 1/3rd this year, to approximately 400,000 ounces (up from 300,000 ounces in 2013) while reducing all-in costs per ounce below… Continue Reading