According to a private source close to China’s largest gold producer, China National Gold Group, that group is looking at investing in Robert Friedland’s Ivanhoe Mines (IVN:TSX).  The source claims the state-owned China National Gold is interested in acquiring a stake in Ivanhoe’s Platreef project.  The Platreef project is a thick, high-grade Flatreef platinum-palladium-gold-nickel-copper-rhodium deposit in South… Continue Reading

Renegade Petroleum (RPL:TSX), the Saskatchewan-focused light oil producer, has called a special shareholder meeting as part of an ongoing dispute with an activist shareholder, FrontFour Capital Group LLC.  The news release today is in response to a release issued by FrontFour on October 31, 2013 in which the activist outlined their concerns.  The meeting will… Continue Reading

With the gold price unable to meaningfully breakout this year, gold miners have been increasingly conscious of the quality versus quantity of the ounces they produce.  The West African gold miner, Endeavour Mining (EDV:TSX), led by Neil Woodyer (Founding Partner of mining finance firm Endeavour Financial) and a slew of other mining executive powerhouses, has been consistently lowering… Continue Reading

Frank Holmes – CEO and CIO of US Global Investors (Interview by Sharad Khare) “A key value is to recognize other people, for any form of achievment, whatever they do…Always show that gratitude for others.” Related: This weeks Frank Talk Blog – “Don’t Miss This Golden Cross in Resources” Visit US Global’s website at: http://usfunds.com/

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV), the joint venture partners who continue to advance the Patterson Lake South discovery in Saskatchewan, announced this morning that they discovered a sixth mineralized zone in a step-out hole drilled 525 metre’s from the original discovery zone.  The new zone, R600W, is on a 1755m trend with all five high-grade… Continue Reading

Armenian gold developer, Lydian International (LYD:TSX) has appeared to be on the mend after a disastrous announcement by the Armenian authorities recently which saw LYD have to completely redesign their mine plan for the Amulsar gold project.  The reason was due to them reclassifying catchment basins for the important Lake Seven which provides fresh water for much of the… Continue Reading

PIMCO doesn’t expect much from today’s FOMC meeting, but is watching closely for any guidance on the state of the economy, especially on what the government shutdown means for growth expectations.  PIMCO expects 2014 to be more of the same; sluggish growth and consistently high unemployment. “There is a ton of cash on the sidelines… Continue Reading

Best in-class Colombia gold developer, Continental Gold (CNL:TSX), released assay results from the latest 13 drill holes from the Veta Sur and northern Estera systems at the Buritica project in Colombia.  Highlights include: hole BUUY149 which encountered 0.5m of 101.5g/t gold and 20g/t silver and hole BUUY353 which encountered 2.5m of 12g/t gold and 37g/t… Continue Reading

“It doesn’t relieve you from the pressure of trying to get it right right out of the dorm room and they’ll be stories of people that do but its very unlikely that you will and not highly consequential if you don’t get it right right away.”

This morning Coalspur Mines (CPT:TSX) updated the market on some of the activities they have undergone over the last quarter as well as cash flow reports.  Among other things, over the last quarter, CPT closed their $350 million senior debt facility and drew down the initial $37 million from it.  They also ‘advanced’ the regulatory… Continue Reading

According to Bloomberg, Greenland is set to lift a uranium mining moratorium which has been in place for 25 years.  Greenland is thought to be extremely rich in rare earth and uranium minerals which could spark a uranium mining rush to the arctic island.  Denmark has backed Greenland’s plans to expand the development of its natural resources to include… Continue Reading

Colombian light-oil producer, Parex Resources (PXT:TSX) has provided an impressive update on its operations in Colombia including raising their full-year guidance to 15,700bopd (up from 15,000-15,500bopd).  The increase to full year guidance comes on the back of impressive production in the third quarter of 16,200bopd and an even more stellar forecast for the fourth quarter… Continue Reading

West African gold developer, Asanko Gold (AKG:TSX) (previously Keegan Resources) has announced the final piece of funding needed to build their $290 million Esaase gold mine in Ghana.  AKG has signed a definitive agreement with Red Kite Mine Finance for a $150 million project debt facility comprised of $130 million project facility (LIBOR + 6)… Continue Reading

With gold set for its first annual decline since the year 2000, Goldman Sachs, the outspoken pessimist of the gold markets, put out a report summarizing their expectations for third quarter earnings.  The focus of the piece was Europe, Middle East and Africa (EMEA) gold miners and was titled “3Q earnings previews: Lower gold price… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly October 22, 2013 Most everyone likes an under-fished story. Even regulators. So, this is Day 9. Barkerville Gold Mines’ return to trading brings a doubling of the stock price for those who bought the tarnished stock in America’s pink-sheet market (symbol BGMZF) whilst the Canada shares were halted. Those… Continue Reading