Lucara Diamond Corp’s (TSX: LUC) third quarter results, released on November 5th, showed a strong average price-per-carat sold in the period, primarily driven by the previously released results from the first “exceptional” diamond sale of the year (those estimated to sell for at least $1 million) and a overall greater recovery of higher-value stones in… Continue Reading
Even amid the worst commodities downturn in recent history, the Lundin Group of natural resources concerns is still worth an astounding $9-10 billion. This from Lundin family investment manager Lukas Lundin, who joined Andrew Bell’s Commodities program on BNN Television Tuesday. I am not 100% sure, but I think this is Mr. Lundin’s first appearance on BNN (other… Continue Reading
My head is starting to spin a little as we reach the 4th site visit on the 2015 Yukon Media Tour; there’s an excessive amount of information to take in. To get up to speed see Part 1, Part 2, Part 3, and Part 4. The media members had just boarded another mini-airplane from Burwash Landing… Continue Reading
I interviewed mining and oil tycoon Lukas Lundin for the Financial Post’s PDAC edition which is in print today. Mr. Lundin talks about how he’s positioned his family natural resources empire for the next 1-4 years. Read: PDAC 2015: Lukas Lundin sets lofty goals as he re-enters gold game Mr. Lundin said a lot of… Continue Reading
A tight community of stock brokers, promoters and Canadian diamond investors saw some excitement today as North Arrow Minerals (NAR.V), a diamond explorer with active projects in Nunavut, Saskatchewan and elsewhere in Canada, halted its stock pending news. Over at our financial news chat application, chat.ceo.ca, users started speculating whether it would be drill results… Continue Reading
Haywood Securities Managing Director of Investment Banking Kevin Campbell interviewed Lukas Lundin for a pre-PDAC message from Lundin, the billionaire Swede mining and oil tycoon whose Lundin Gold and the Ecuadorian Government are co-sponsoring the event. Lundin says the world is growing at 2-3% per year and still needs metals. And he sees great opportunity in this… Continue Reading
The Lundins focus on Chile is continuing today, this time with more news from portfolio company, NGEx Resources (NGQ:TSX). “Chile’s biggest new copper-gold camp” is posted all over NGEx’s website and the company believes that they not only have large deposits (3 of them to be exact), but that they are sitting on an entire… Continue Reading
In what looks to be a classic example of “first mover advantage’, the billionaire Lundin family is acquiring one of the best gold projects in the world, in the worst market in decades. Lukas Lundin’s Fortress Minerals is acquiring the Fruta del Norte (FDN) gold project in Equador from Kinross Gold for $240 million in cash and stock. The… Continue Reading
As reported earlier (here), billionaire Swede Lukas Lundin has been in talks with Kinross and the Ecuadorian government for a potential deal on the infamous high-grade gold deposit known as Fruta del Norte. After 5,200 shares traded today, the Lundin Group shell, Fortress Minerals (FST.H:TSXV) was halted pending news. As we speculated earlier, this would… Continue Reading
NGEx Resources (NGQ:TSX) is the only pure-play mineral exploration vehicle in the Lundin Group of Companies, one of the most successful natural resource development groups in the world. NGEx is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces… Continue Reading
This morning, Dundee Capital Markets’ equity research team initiated formal coverage on Lukas Lundin’s Lucara Diamond (LUC:TSX) and put a buy rating with a $3.00 target price on it (approximately 10% higher than the last trade of $2.73). Yesterday, outperforming Lucara announced the sales figures from its second exceptional stone tender of 2014 and fifth… Continue Reading
Since an unprecedented staking rush in 2010 that had not been seen since the Klondike Gold Rush, the Yukon has fallen out of favor with many mining and exploration investors due to its short seasons and expensive work programs. One company that has continued in the land of the midnight sun is Kaminak Gold (KAM:TSX), which discovered the… Continue Reading
With all of the well-deserved attention of late on Lukas Lundin’s Lucara Diamond (LUC:TSX) due to their outperforming share price (continuing to hit all-time highs), the natural question would be; should they use their stock to grow? My answer is, unequivocally, yes. There are limited opportunities in the diamond space as discovering and mining diamonds is… Continue Reading
It has been over a month since the market heard operational news out from Africa Oil (AOI:TSX). This morning, investors received a nice surprise in the form of a new gas discovery on the company’s Block 9 in Kenya. In an upper gas interval in the Sala-1 well, the company tested 6 million cubic feet per… Continue Reading
World leading global natural resource developers, the Lundin Group, led by Swedish billionaire tycoon, Lukas Lundin, have only one mineral exploration vehicle left. It’s called NGEx Resources Inc. (TSXV:NGQ), after the family motto: No Guts, No Glory and the company’s main focus, Exploration. NGEx owns three large copper gold deposits along the Chile/Argentinian border, the Josemaria, Los Helados, and Filo… Continue Reading
