Central Asian gold producer, Centerra Gold (CG:TSX) has encountered a colossal further breakdown in government relations by announcing that the MOU the company signed with the Kyrgyz Government in early September may have been rejected by Parliament.  The company was made aware via news reports, that the Kyrgyz Parliament has passed a decree to reject… Continue Reading

Sabina Gold and Silver (SBB:TSX) released assay results from the company’s Umwelt deposit which is part of the Back River project located in Nunavut, Canada.  Umwelt is the largest of the Back River mineral resources and is set to be the first open pit and the first underground deposit mined, according to the company’s October… Continue Reading

Bob Quartermain’s battered Pretium Resources (PVG:TSX) has announced the initial processing results from the 10,000-tonne bulk sample program from the Valley of the Kings.  The company received these first results from cross-cut 426585E which produced 281 total gold ounces in 2,167 dry milled tonnes of material (which would imply a grade of approximately 4g/t gold). … Continue Reading

Tomorrow morning the market will get a glimpse of the September non-farm payrolls report. A report which was delayed due to the temporary US government shutdown. A disappointing NFP report could help to extend the Fed’s current pace of asset purchases well into 2014 and likely trigger the next leg higher in precious metals and… Continue Reading

We had the wonderful opportunity of attending the Canaccord Genuity Global Resources Conference during the past couple of days in Miami, Florida. Canaccord put on a first class event with many of mining and energy sector’s best CIOs and CEOs on hand. Below are some of the key takeaways from the conference: Most miners are… Continue Reading

Mark Twain said history doesn’t repeat itself but it rhymes. We often see that in the capital markets. The big decline in Gold this year is reminiscent of that of 1975-1976. Yet, aside from that there are several other similarities between today and 1976. Gold, gold stocks, the stock market and commodities appear to be in a… Continue Reading

A light news day.  A good read with some interesting facts on private equity’s growing importance in the mining industry from the Financial Post. In 2012, private equity was involved in eight mining deals worth $8.5 billion and that is expected to grow to $10-$15 billion over 2013.  Contrastingly, miners in Canada are expected to… Continue Reading

Gold was supposed to be down huge once a debt ceiling deal was achieved – it appears that the DC clown show is nearing a deal but gold actually rose today: Click to enlarge For gold to break out of its 7-week downtrend we will need to see a daily close above $1300, however, today’s… Continue Reading

This morning, Robert Friedland’s Ivanhoe Mines (IVN:TSX) announced a monster hole at their Flatreef platinum project in South Africa.  In hole TMT006, IVN intersected 90.64m of 4.51g/t 4PGE (platinum, palladium, rhodium and gold) 0.37% nickel and 0.20% copper.  Within the 90.64m interval included 40.79m of 6.88g/t 4PGE. “This is an extraordinary drill hole,” said Robert… Continue Reading

Colombian gold explorer CB Gold (CBJ:TSXV) announced its response to a news article written in the Colombian newspaper, La Republica, which stated that “days from the new delimitation of Paramo ecosystem, uncertainty is increasing regarding the impact that the decision will have on the mining companies located in the Santander area.  La Republica has knowledge of a… Continue Reading

Futures are a zero-sum game in the sense that on the contract settlement date all the longs and shorts must net out, with the contracts either being cash settled or the longs taking physical delivery of the commodity in return for providing cash to the sellers. However, during the time that a given futures contract… Continue Reading

At 8:42am EDT this morning an entity entered an order to sell 5,000 December gold futures contracts at market. This order represents roughly $640 million in notional gold value and triggered a temporary 10 second trading halt and a 5-minute period in which over $2 billion worth of gold futures contracts changed hands: Click to… Continue Reading

Please note: The following are “Exploration” stage companies. Companies with a Resource in Colombia, including Continental Gold, Red Eagle Mining, and Eco Oro Minerals, have not been ranked in this report. The year has been a disappointing one for the BRICs, with China being the only country to bring significant GDP growth to the table. However, with… Continue Reading

In a strange turn of events, Pretivm Resources (PVG:TSX) announced this morning that their qualified person overseeing the company’s highly anticipated 10,000 tonne bulk sample program has resigned. Strathcona Mineral Services had been engaged to oversee and report on the bulk sample.  It is unclear from the news release as to the reason for their… Continue Reading

Goldman Sachs’s head of commodities research Jeffrey Currie was quoted today in London as saying: “Once we get past this stalemate in Washington, precious metals are a slam dunk sell at that point…..You have to argue that with significant recovery in the U.S., tapering of QE should put downward pressure on gold prices.” This all… Continue Reading