Since the April 2013 gold meltdown there have been no less than half a dozen failed rallies in the gold miners – is this time different? Click to enlarge As can be seen by the above chart (green dotted lines), most of the recent failed rallies have been relatively steep, a classic characteristic of a… Continue Reading
Kaizen Discovery (KZD:TSXV) has closed its initial 49% earn-in for the Fairholme copper-gold porphyry exploration project in central New South Wales, Australia (Clancy Exploration owns remaining 51%). The Fairholme project is located on the Fairholme Igneous Complex. The company can earn up to 65% in the project by spending $4 million on the ground over the… Continue Reading
Today is the one year anniversary of making this video with my brother. I thought it would be a great opportunity to share some of my favourite mining and energy quotes, starting with one from Mr. Lowell, of course: “If there’s anything my career says about me, it’s that I’m very good at being wrong.”… Continue Reading
In the following article, we offer our forecast for 2014 including five stock picks from each of our analysts. Compare 400+ precious metals stocks with a Free 14-day Trial to Tickerscores.com. 2014 Venture Forecast The TSX-V will be a stock picker’s market in 2014. In this environment, investors should stay cautious and the focus should remain… Continue Reading
A few notes from my friendly conversation with Kitco’s Alex Letourneau yesterday: M&A has been seen as a critical catalyst to get the junior mining sector going so I’m glad Goldcorp’s made a move on Osisko and I agree with the market that Goldcorp will sweeten their bid. The China Gold Stone Mining Development /… Continue Reading
Jeff Gundlach, head of DoubleLine Funds, a media darling multi-billion dollar asset manager known for its expertise in the bond markets, held a public webcast earlier, in which Gundlach stated a view that gold could rise to $1350 in 2014, and that miners are the place to be. “If you want to speculate, I would… Continue Reading
Colombian copper-gold explorer, Cordoba Minerals (CDB:TSXV) has announced plans to raise $12 million to finish acquiring the Cordoba project and other exploration work being done there and the San Matias proejct. And, guess who is behind this financing? If you guessed GMP Securities, you are right. This financing is being done on a best efforts basis… Continue Reading
The Nevada gold developer, Midway Gold (MDW:TSX), has broken ground at their Pan project after receiving the final environmental permit from the authorities south of the border. This morning the company announced that they have broken ground and that construction is now underway at Pan. They expect the build out to take less than 9 months… Continue Reading
GMP data by YCharts If GMP Securities’ business is fully integrated in the resource space, then you could reasonably expect the shares of the company to mirror the resource markets at large, especially the Canadian junior space (granted, many assumptions need to be made). GMP runs a, predominately, institutionally-focused business whereby they underwrite or advise resource companies. So their… Continue Reading
The China Gold Stone Mining Development tender offer for Allied Nevada appears to be bogus. Allied Nevada just put a press release out calling into question the credibility of the offer. Newswires have begun removing the original release from their Web sites following a retraction from China Gold Stone citing a failure to consult counsel… Continue Reading
Riverside Resources (RRI:TSXV), the North American focused prospect generator, announced their plans for 2014 this morning. The company highlights the strategic partnerships created in 2013 and how they intend to build on them in 2014 and beyond. During 2013, the company secured two new strategic alliances with Antofagasta and Hochschild for gold and copper prospects… Continue Reading
CRITICAL UPDATE: Allied Nevada has called into question the credibility of the offer from China Gold Stone Development… ANV data by YCharts China Gold Stone Mining Developments Ltd., which owns three gold mines in China, began a tender offer for all of Allied Nevada’s outstanding shares for $7.50 per share in cash. The move represents… Continue Reading
Kevin McArthur’s, Tahoe Resources (THO:TSX), which has endured all of the woes of starting up a precious metals mine in a restless Latin country, announced this morning that it has reach commercial production levels at its Escobal silver mine in Guatemala. The Escobal mine reached 3,000tpd on its way to the design capacity of 3,500tpd. The… Continue Reading
VANCOUVER – Goldcorp Inc. (TSX:G) is making a $2.6-billion takeover play for Montreal-based Osisko Mining Corp. (TSX:OSK), which has an operating mine in northern Quebec and other projects in Ontario. Vancouver-based Goldcorp, which rivals Barrick Gold (TSX:ABX) in size, is offering a combination of stock and cash that values Osisko at C$5.95 per share —… Continue Reading
We spend a lot of time focusing on gold, however, its little brother silver is currently in a much more interesting situation from a technical perspective: Click to enlarge There is substantial promise in the silver chart: Strong support clearly exists around and just below the $19 level Bullish momentum divergence at December low ($18.72)… Continue Reading
