A top pick from Denver, Rio Alto (RIO:TSX) released gold production and sales numbers for the third quarter, ahead of their full quarter financials.  RIO produced and sold a totaled of 59,157 ounces in the third quarter bringing total production from their La Arena project in Peru to 143,940 ounces, year-to-date.  Third quarter production was… Continue Reading

Barrick Gold (ABX), the lowest cost senior gold producer, is currently trading at levels which are simply too cheap to pass up. From an investment risk-to-reward standpoint Barrick has rarely been so attractive – Barrick’s enterprise value is back to 2009 levels when the gold price was more than $300 lower: Click to enlarge  ABX… Continue Reading

We’ve discussed the negative correlation between precious metals and the stock market. It has now been in place for over two years. Since September 2, 2011, the HUI Gold Bugs Index is down 64% while the S&P 500 has gained 43%. Silver has lost 48% while Gold has shed 28%. It’s not exactly groundbreaking analysis… Continue Reading

After reviewing most of the corporate presentations from last week’s Denver Gold Forum, some repetitive themes arose: 1.)    Focus on returns: Almost unanimously, the producers claim to be focusing on high-quality operations only and have already, or will look to, dramatically reduce capital spending as well as divest assets that do not meet the margin… Continue Reading

Ari Sussman’s Continental Gold (CNL:TSX) released assay results from 28 drill holes and underground sampling from the Yaragua and San Agustin vein systems at the company’s ‘best-in-class’ Buritica gold project in Colombia (news release). Overall, the results continue to show exceptional grades and growing widths. All of the 27 underground holes at Yaragua were successful at… Continue Reading

Bob Quartermain’s Pretium Resources (PVG:TSX) has begun processing the 10,000-tonne bulk sample from the Valley of the Kings material at the company’s Brucejack project (news release).  The material has been sent to a custom mill in Montana where it will be processed at a rate of 220tpd which will produce gold-silver gravity and flotation concentrates… Continue Reading

Yesterday’s $50 puke in gold futures to kick off the month of October may have laid the final foundation for a massive multi-month bottom in gold. The $1276 level in December gold futures is not only important support from the summer, but it also happens to be a key Fibonacci retracement level: Click to enlarge… Continue Reading

International Minerals (IMZ:TSX) has agreed to be bought by Peruvian miner, Hochschild Mining (HOC:LN) for CAD$2.46 per share.  On top of the cash component, International Minerals shareholders will also receive one common share of Spinco which will hold IMZ’s current portfolio of Nevada assets including the Goldfield and Converse properties.  Spinco will also keep the… Continue Reading

Midas Gold (MAX:TSX) released assays from recent drilling at their Hanger Flats deposit at the Golden Meadows project in Idaho.  The company is completing resource definition drilling at Golden Meadows in order to complete an updated economic study.  The highlight of the release today was hole MGI-13-361 which intersected an impressive 100.6m of 3.09g/t gold… Continue Reading

Lundin Group company, NGEx Resources (NGQ:TSX), released an updated resource estimate for their Josemaria copper-gold project located in San Juan province, Argentina.  According to the company, the Lundin Family Trust controls 19.9% of NGQ’s shares.  NGEx is the 60% operator of the project with JOGMEC (Japan Oil, Gas and Metals National Corporation) holding the other… Continue Reading

Stockwatch is reporting on a shell company, Raystar Capital, with some prominent shareholders including Lukas Lundin, Randall Oliphant, Doug Forster, and Blayne Johnson, which is about to become Newmarket Gold. Sources tell us Newmarket will be going after producing gold assets, and that Doug Forster will become the company’s CEO. Mr. Forster is an accomplished… Continue Reading

The “dominant fundamental” for the gold market during the past few years has clearly been the ‘illusion of central banking.’ Allow me to explain a bit. First there was the illusion that Fed easing would stoke enormous inflation. This proved to be false as the pernicious deleveraging cycle brought about by the global financial crisis… Continue Reading

In the current squeeze on the junior sector, much has been said about the challenges in raising money and the impact of lower precious metals prices on the cash costs and feasibility of future projects. However, in these tough markets, another metric that investors should pay close attention to is the General and Administration (G&A)… Continue Reading

The World Gold Council has found a new leader; New Gold (NGD:TSX) Chairman, Randal Oliphant.  Mr. Oliphant succeeds Ian Telfer, the Chairman of Goldcorp who has been the Chairman of the World Gold Council since being elected in September 2010.  Randall Oliphant sits on the board of Franco-Nevada and was, previously, the President and CEO of Barrick… Continue Reading

My new interview on #Fed and #Gold w/ the brilliant @DanielaCambone. Together from #WallStreet http://t.co/kr4yNnPXND. — Jim Rickards (@JamesGRickards) September 23, 2013