The senior gold miners have been forming a bullish consolidation for the past two weeks and could be setting up for a sharp 10% rally over the coming days: Click to enlarge What will be the catalyst for this rally? A breakout above the $1280 resistance level in gold should do the trick…..

Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million.  The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively.  The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading

Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV) has signed an agreement with a private Mexican company to acquire a 100% interest in the Cajon gold project with their strategic alliance partner, Hochschild Mining Plc.  The Cajon project is located near Goldgroup’s (GGA:TSX) Cerro Colorado mine and Timmins’ (TMM:TSX) San Francisco mine.  Recent exploration work… Continue Reading

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

Endeavour Mining Delivers 324k oz in 2013, Forecasts 400k to 440k oz in 2014. All in costs: $985-$1070 Today, after the Canadian markets closed, Endeavour Mining (EDV:TSX) released their 2013 fiscal year end numbers as well as an official outlook for fiscal 2014.  The company produced a total of 324,275 ounces of gold in 2013 which… 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

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

West African gold developer, True Gold Mining (TGM:TSX), is developing one of the most intriguing gold projects held by a junior cap company, and has received its final exploitation permit for the company’s Karma gold project in Burkina Faso.  This represents the final permitting hurdle after announcing, earlier this month, that they had received the environmental go ahead… Continue Reading

This morning, $6 million market cap junior, West Kirkland Mining (WKM:TSXV) (halted at open)announced they intended to acquire Allied Nevada Gold’s (ANV:TSX) Hasbrouck gold project in Nevada for $30 million.  The deal is subject to West Kirkland being able to obtain the necessary financing.  According to their third quarter financials, West Kirkland had less than… Continue Reading

After a roller coaster of a year in 2013, Armenian gold developer Lydian International (LYD:TSX) has found a replacement for their founding President and CEO, Dr. Timothy Coughlin who announced his retirement last year.  The company has elected Howard H.J. Stevenson to its Board as well as to lead the company as President and CEO… Continue Reading

The emerging market contagion which began making headlines and roiling markets last week is not well understood and it is not even clear which countries are ground zero for this crisis. What we do know is that Argentina and Venezuela have been forced to officially devalue currencies which were already trading at much lower levels… Continue Reading

When searching for opportunities in the junior sector, we like the focus to be on quantitative and empirical data. Sure, everyone likes a good anecdote about geologists kicking over rocks in the middle of nowhere, but the truth is nothing makes us happier than cold, hard numbers. The most difficult aspect of a company to… Continue Reading

This morning, Clive Johnson’s B2Gold (BTO:TSX) released an inferred resource estimate for the Wolfshag zone near the company’s Otjikoto gold project in Namibia.  The Wolfshag zone sits adjacent to the east and northeast portion of the pit for the Otjikoto deposit.  This initial resource estimate was comprised of 703,000 ounces of gold at an average… Continue Reading

This morning two high-growth mid-tier gold producers, B2Gold (BTO:TSX) and Rio Alto (RIO:TSX) announced strong fourth quarter and 2013 production numbers.  The performance in the fourth quarter of these two companies shows the strength of this tier of gold company, even in todays environment.  They are producing at record levels and have been able to… Continue Reading