B2Gold (BTO:TSX) announced its Q2/2013 results which appeared, on the face, to be weak.  However, a dig deeper illustrates that most of the downward earnings adjustments were related to one-time charges related to the closing of the acquisition of CGA Mining and the Masbate gold project in the Philippines.  Adjusted EPS came in below consensus of $0.03… Continue Reading

Nolan Watson’s Sandstorm Gold (SSL:TSX), the junior precious metals streaming company (they make upfront payments for future gold production which they pay a fixed per ounce amount on, discounted to the spot price of the metal) announced today that it has entered into an agreement to purchase Premier Royalty (NSR:TSX) for 0.145 shares of Sandstorm.  The… Continue Reading

Alamos Gold (AGI:TSX) announced that it has received final signatures from the Turkish Ministry of the Environment and Urbanization for its Kirazli gold project located in Turkey.  The EIA on the Agi Dagi project has been progressing as well and is now at the final stages for approval.  With no debt and approximately $475 million… Continue Reading

Gold is up $20 in early Asian trading: Click to enlarge Gold has now broken out above key resistance near $1320 which sets the stage for a test of the $1350 area. Sunday night’s rally follows the notable strength exhibited by the gold miners at the end of last week – something is clearly brewing… Continue Reading

Joseph Conway’s Primero Mining (P:TSX) announced its Q2/2013 results this morning and they were impressive.  The company was able to achieve what most junior gold producers do not these days; to deliver solid results and raise production guidance for the year.  Primero produced over 39,000 ounces at $551/oz Au-Eq (gold equivalent) cash costs.  On the… Continue Reading

This was the commitment of traders report for gold as of September 18th, 2012 showing a record small speculator net long position of nearly 60,000 contracts: This is the latest gold CoT report showing positions as of July 30th, 2013: The small specs have moved from a record net long position to a record net… Continue Reading

Exeter Resource Corp (XRC:TSX) was up 50% in early trading and closed up 22% with abnormal volume on no news today.  Exeter has been advancing the very large, but costly Caspiche gold/copper porphyry in Chile which boasts 19Moz Au and 4.62Bn lbs Cu in reserves which ranks it in the top 1% of global gold… Continue Reading

While this morning’s sell-off came close to breaching key support levels, thereby triggering a larger topping pattern, the bulls ultimately prevailed….again: Click to enlarge The afternoon rally for the second consecutive session was certainly impressive, however, equities still haven’t gone anywhere in the last two weeks – meanwhile, the weekly candle in the market leading… Continue Reading

Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry.  Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading

While the gold miners appear to be poised for the next step in the bottoming process: Click to enlarge There are two resource stocks that have continued to exhibit enormous relative strength during the most difficult stretch for the sector in nearly two decades: AMW.V PVG And the chart of the summer….. ZEN.V

Visual Capitalist’s Tickerscores, which allows investors to compare precious metals stocks head-to-head, gave 46% of BC Gold & Silver Miners in the development stage a failing grade. Tickerscores uses 20+ variables and rates companies based on financials, management, valuation, recent performance, and project potential. The following infographic displays the highlights for 28 BC development companies. To… Continue Reading

Gold is ripping higher as Asian markets open trading for the week: Click to enlarge While $1300 now becomes support, the $1321 level is of much more significance over the near term as this level is likely to serve as resistance: With bearish sentiment at record extremes and commercials at their most bullish positioning in… Continue Reading

It is rare for an entire sector to be as deeply oversold as the gold miners have been for such an extended period of time. However, such marked underperformance sets the stage for a powerful countertrend rally – even after today’s sizeable gains, gold miners are poised for at least another 15-25% of upside: Click… Continue Reading

Yesterday I had another opportunity to hear Frank Giustra speak — this time at BCBusiness Magazine’s Top 100 event at Hotel Vancouver. In front of a crowd of 1,200, he was interviewed on stage by BCBusiness chairman Peter Legge. Frank Giustra became a millionaire in his early 20s financing small mining and energy companies. As Chairman… Continue Reading

As if the Canadian resource markets needed another “external” market variable to drive volatility, the annual “Russell 3000 Rebalance” occurs on Friday at market close. Some notable names from our universe to pass along below with relative “addition/ deletion” amounts. Russell 3000 deletions: Uranerz- URZ- 5.9M shares for sale…1900% of the ADV (coming out of… Continue Reading