Haywood Securities’ Chairman, John Tognetti, has added 2.4 million shares to his position in Mirasol Resources (MRZ:TSXV) which brings his total position to over 7.9 million shares or roughly 25% of the company.  Mr. Tognetti has been a supporter of Mirasol for a number of years and clearly continues to have his conviction about the… Continue Reading

Kitco News speaks with Exploration Insights’ Brent Cook on this edition of “Mining Minutes.” Cook says that a lot of mining 4Q results will “meet or beat expectations.” He adds that 2014 will be a good year for investors to position themselves to make money. “I don’t expect this to be a great year for… Continue Reading

Companies in the resource business take note; bring the right deal to the table and BMO and GMP will find you the money.  Hudbay Minerals (HBM:TSX) announced today that they have secured a $150 million bought deal financing being led by GMP and BMO.  The financing was announced at $8.25 per share (only a small discount to… Continue Reading

Drilling is successfully continuing in Colombia for Continental Gold (CNL:TSX) and the company has released assay results for 11 drill holes from the Veta Sur and eastern Laurel vein systems at their high-grade Buritica project.  These results are part of the 2013 program and the company expects to continue to deliver robust resources as well… Continue Reading

On Fire: ALQA, CUR, SVV, BCRX, Gold & More THE CALANDRA REPORT: Subscribe We send this update from Active Trading Partner’s David Banister, whose analysis thus far is superb. We have been tracking the 48-year-old New England writer’s work on ALQA for about four weeks. Also, CUR. Plus: metals equities, including Almaden Minerals (AAU in… Continue Reading

According to an article by Bloomberg today, investment bankers are forecasting a rebound in gold mining M&A activity after decade low quite period for deals.  Companies will be looking to acquire assets at fire-sale prices.  The producers are trading at 20-year lows relative to book value, according to Bloomberg data.  Total M&A transaction value in… Continue Reading

Only a few days after receiving the environmental nod from Burkina Faso authorities for one of their deposits and after coming off a late 2013 which included receiving their main environmental permit as well as releasing a robust feasibility study, True Gold (TGM:TSXV) announced this morning that it plans to begin phase 2 construction of… Continue Reading

Ari Sussman’s Continental Gold (client and long position) was discussed in this interview with Paul Harris, Editor of the Colombia Gold Report: Paul Harris Has Something to Say About Colombia’s Gold Exploration Sector Excerpt: TGR: How do investors make money in Colombian mining equities or companies with projects in Colombia? PH: Well, Brian, I think you, as… Continue Reading

There was another flash crash in gold futures this morning. I don’t have much to say about it other than it’s the usual chicanery, someone dumped 12,000 contracts at market and the market quickly recovered within 30 seconds. Another sign of a completely broken futures market… A spokesman for the CME group, which runs the… Continue Reading

While many mining companies in Peru have encountered governmental, environmental and social issues, Rio Alto (RIO:TSX) has been able to advance the environmental nod to develop a sulphide copper-gold flotation plant and concentrator to process sulphide ore once the bulk of oxide gold reserves are exhausted from the La Arena phase 1 project.  The company has also… Continue Reading

Dr. Mark O’Dea’s Burkina Faso gold developer, True Gold Mining (TGM:TSXV), received good news this morning from the authorities of the West African nation; the company has been granted the environmental permit for the Kao deposit.  This environmental nod, keeps the company on track for its development timeline for the Karma gold mine.  They now have four of… Continue Reading

Precious metals saw some very positive technical developments last week: Click to enlarge Gold Daily   Silver Daily Platinum Daily A thoughtful quote from Capital Economics analyst Julian Jessop which we tend to agree with: “The consensus is that the price of gold will grind lower in 2014, at best, as the support from loose… Continue Reading

One year ago the S&P 500 kicked off 2013 with a bang, a large gap higher and a nearly 3% rally: US equities went on to post huge gains in 2013 while gold, and gold miners, fell by the wayside. Oddly enough, GDX’s end of 2013 and beginning of 2014 are eerily reminiscent to the… Continue Reading

Gold miners began 2013 in a nascent downtrend with an extremely bearish candlestick pattern: Click to enlarge The end result was a disastrous 54% decline! Gold mining investors have ample reason to look forward to a much better 2014, including a solid end to 2013, along with a high volume bullish engulfing candlestick on New… Continue Reading

We have selected 3 large cap Canadian stocks as our favorite picks for 2014. While the three had very dissimilar performances in 2013 (CSIQ +800%, CCJ +7%, ABX -49%), We believe all three are poised to post 50%+ gains in 2014: Click to enlarge Barrick Gold (ABX) – Weekly Cameco Corp. (CCJ) – Daily CCJ –… Continue Reading