Bob Quartermain’s Pretium Resources (PVG:TSX) had a less than stable year in 2013. The shares went from a high of $13.18 on January 2, 2013 down to a low of $2.89 in November 2013 amid controversy surrounding the legitimacy of their extremely high-grade Valley of the Kings deposit in BC, part of their Brucejack project. Since… Continue Reading
Barrick Gold (ABX) was one of our top picks for 2014 and the chart has done nothing but get better as the year has progressed – there is ample potential for a huge breakout over the coming weeks: Click to enlarge RBC upgraded Barrick to outperform this morning: “We believe Barrick has the ability to… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly SAN FRANCISCO — I promised more from J. Kristina Walcott, the 44-year-old mine developer who has been running Alaska operator Freegold Ventures since September 2009. Freegold (FVL in Canada and FGOVF in USA) this week got a 4-cent nudge, mostly from a Germany mailer to individual investors in that country.… Continue Reading
The M&A markets in the resource sector have been hot so far this year with Goldcorp’s hostile bid for Osisko holding the top spot. This morning, the Toronto-based private equity firm, Waterton Global Resource Management announced it has made a hostile bid for all of the shares of Chaparral Gold (CHL:TSXV) for $0.50 per share… Continue Reading
TGM data by YCharts True Gold Mining (TGM:TSXV) has support from some of the biggest and brightest resource investors, including their Chairman Dr. Mark O’Dea, Canadian mining behemoth Teck Resources and giant US mutual fund Liberty Mutual. Today, the company announced it has closed a total of $51.9 million in equity. This financing makes the company’s flagship… Continue Reading
A couple days ago we pointed out the huge upside potential in the silver chart, especially relative to gold. This morning Silver is breaking out with a nearly 4% gain: Click to enlarge Silver futures are testing the 38.2% Fibonacci retracement level of the entire August-December decline. Over $21.25 silver should quickly head up to… Continue Reading
Coming off of their recent successful acquisition of PMI Gold, Asanko Gold (AKG:TSX) announced its development strategy for the development of the Ghana gold projects. The company now holds the capability of producing over 400,000 ounces of gold per year (from zero currently) within 5 years. Asanko successfully acquired PMI Gold in order to consolidate the Obotan and Esaase development… Continue Reading
Recently, we had the pleasure of sitting down with two of exploration geology’s brightest young stars; Dr. Alan Wainwright and Daniel MacNeil. Dr. Wainwright (Chief Geologist) and Mr. MacNeil (Project Acquisition and Development) allowed us to visit them in the humble Vancouver offices of their current venture, Desert Star Resources (DSR:TSXV). Mr. MacNeil has over… Continue Reading
GCM data by YCharts Shares of Gran Colombia Gold (GCM:TSX) which came under severe pressure last year on the back of a dramatically dropping gold price and questions about their solvency, are up over 127% in February as the street feels the short squeeze. Investors gained confidence in gold and gold equities in the early… Continue Reading
Simon Ridgeway’s Cordoba Minerals (CDB:TSXV) has begun its 2014 exploration efforts with the mobilization of a RAB (rotary air blasted) rig to begin drilling their Montiel prospect on the San Matias project in Cordoba, Colombia. The company recently closed a $15 million (expanded from $12 million) financing to consolidate the San Matias project as well… Continue Reading
The most interesting aspect of today’s nearly $20 gold rally was the fact that other metals appear to still be stuck in neutral while gold and stocks rocket higher: Click to enlarge Copper Daily Silver Daily Platinum Daily While silver has a mix of industrial and investment uses, copper and platinum are almost exclusively industrial… Continue Reading
After a wild trading session which saw gold whipsaw following the US non-farm payrolls report, buyers stepped in with conviction late in the US trading session: Click to enlarge The late session breakout looks promising, however, gold bulls will definitely want to see follow through buying Sunday night into Monday morning.
CTT data by YCharts Citation Resources Inc. | CTT:TSXV | 39,019,287 Shares O/S (basic) | $2,731,000 Market Cap | $.02 – $.14 Year Range | $.07 Last Trade There are numerous mineral belts endowed with many millions of ounces of silver and gold throughout Mexico. However, none are more prolific than the Guerrero Gold Belt which is home to a significant amount… Continue Reading
Vista Gold is currently working on progressing the environmental permitting of their Mt Todd project in Northern Australia. The company burns roughly $1 million per month and was sitting on just over $4 million in cash as of September 30, 2013. It seems, the company has evaluated its options for raising funding to continue the development… Continue Reading
Gold has formed a virtually symmetrical ‘diamond’ pattern during the last month, which happens to also form the right shoulder of near perfect inverse head & shoulders bottoming pattern: Click to enlarge It is rare to see such symmetry in chart patterns, particularly patterns which are forming within one another. There is a good chance… Continue Reading
