Newstrike Capital (NES:TSXV) hasn’t had an easy ride over the past year, with share prices hitting 3-year lows, however, they have been efficiently adding value to their Ana Paula project in Guerrero State, Mexico.  Today they discovered several high-priority targets on a parallel trend with the Ana Paula project (which, the market didn’t care for much… Continue Reading

Pretium Resources (PVG:TSX) released additional assay results from its Valley of the Kings bulk sample program as well as additional non-program exploration work.  Highlights include: Hole VU-168 which intersected 6.25m of 1,622g/t gold including 0.5m of 9,040g/t gold and 0.5m of 6,090g/t gold; and, Hole VU-182 intersected the Cleopatra vein and hit 8.04m of 714.8g/t… Continue Reading

The Fed is losing control of interest rates as the “belly” of the Treasury yield curve blew out this week, bringing the yield on the 10-year note briefly above 3%: Click to enlarge The Federal Reserve balance sheet now stands at $3.611 trillion, some $800 billion more than it was the last time long rates… Continue Reading

Micro-cap African explorer, Legend Gold (LGN:TSXV) has closed the acquisition of several exploration assets in Mali from Endeavour Mining (EDV:TSX) and has also acquired a private Canadian exploration company called Corado Resources which has assets in the Congo.  Legend recently rolled back their shares 6:1, giving them a total share count of 13.4 million and… Continue Reading

King World News has released a new podcast with Pierre Lassonde. Mr. Lassonde is one of the world’s most credible and successful gold speculators. He built the original Franco Nevada and is currently Chairman of Franco Nevada Corporation, a seven billion dollar gold royalty company. He was previously CEO of Newmont Mining, the United States’s… Continue Reading

Carpathian Gold (CPN:TSX) has closed its second tranche of a planned $16 million equity raise led by Cormark and Macquarie.  Surprisingly, the bought deal was fully subscribed to including the underwriter’s purchase of $3.4 million worth of stock which enabled the company to raise a total of over $19.4 million.  This is a good sign… Continue Reading

US hedge fund, Two Fish Management, is making a renewed call for the breakup of Barrick Gold (ABX:TSX).  The hedge fund, led by Mike Morris said “the market is essentially assigning a massive conglomerate discount to the company.”  Morris cannot see any compelling reason to own a worldwide conglomerate of gold mines.  Two Fish wrote… Continue Reading

Pilot Gold (PLG:TSX) is increasing its land position near its TV Tower project in Turkey.  The joint venture company, Orta Truva (60% Teck, 40% Pilot, which Pilot is earning into 60%) is acquiring 100% of the 20 square kilometer Karaayi project from Chesser Resources (CHZ:ASX).  Pilot is issuing 1.25 million PLG shares and paying US$300,000… Continue Reading

Cayden Resources (CYD:TSXV) announced results of its surface program at the El Barqueno project in Jalisco State, Mexico. The company has been doing a focused surface program in order to identify targets for a 5,000m drill campaign they anticipate starting next week.  Trench results at the Pena de Oro target area included 20m of 3.6g/t gold, 8m… Continue Reading

Midway Gold (MDW:TSX) released assays from their joint venture Spring Valley project in Nevada with operating partner Barrick Gold (ABX:TSX).  Barrick earned a 60% interest in the project in April and has exercised its option to earn in an additional 10% by spending $8 million.  Barrick funds 100% of the exploration and development through to… Continue Reading

Last week I posted a $1500 target for gold in September and a much larger target at a later date – here is the chart from August 29th: Sunday’s stop tripping plunge down to $1373.20 fulfilled the $1375 short-term pullback target, which in combination with today’s bullish action sets us up for a potentially very… Continue Reading

After a brief pullback gold is well on its way  to $1500+ at some point in September: Many people are obsessed with “reasons” and “catalysts” for market moves. Of course, there are always reasons which present themselves in the moment but they are rarely presaged with foresight. In fact, most of the widely understood catalysts… Continue Reading

Never again will investors hear the name Cream Minerals. The 45+ year old mineral exploration company is finally changing its name after its latest failed iteration. After being halted this morning, Cream announced a proposed name change to Agave Silver Corp., and a significant restructuring on the corporate level with a new board and share structure.… Continue Reading

Pretium Resources (PVG:TSX) announces it has entered into a $10 million financing with Liberty Mutual Insurance at a price of $9.35 per share.  The proceeds are to be used to advance the company’s impressive Brucejack project in British Columbia. Readers recall, Liberty Mutual invested $23.5 million into Dr. Mark O’Dea’s True Gold Mining (TGM:TSX).  It… Continue Reading

Much hyped Colorado Resources (CXO:TSXV) announced assay results from 9 additional holes at their North ROK property, located 15km northwest of Imperial Metals’ (III:TSX) Red Chris mine in British Columbia.  The company has struggled to find results that impress the markets like their discovery hole did with 242m of 0.63% copper and 0.85g/t gold.  Highlights of… Continue Reading