Midas Gold is a junior gold explorer that IPO’ed during the summer of 2011 when the gold sector was in a frenzy and investors eagerly bid up gold plays to record valuations. Those days have long since passed; after reaching an all-time high of $4.90/share in January 2012, Midas shares currently sit around .40/share after… Continue Reading
Vista Gold is currently working on progressing the environmental permitting of their Mt Todd project in Northern Australia. The company burns roughly $1 million per month and was sitting on just over $4 million in cash as of September 30, 2013. It seems, the company has evaluated its options for raising funding to continue the development… Continue Reading
A few days after announcing the signing of a definitive agreement to buy the Midas mine and mill complex in Nevada from Newmont, Klondex Mines (KDX:TSX) has an idea to finance the acquisition and development of that project with a gold, equity and note financing package. KDX agreed to pay Newmont a total of $83… 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
Source: Karen Roche of The Gold Report (9/18/13) Many mining companies find themselves in a high-grading dilemma, according to Brent Cook, publisher of Exploration Insights. As companies deplete higher grade reserves, they have to acquire new deposits. But unless you are a geologist, don’t look to NI 43-101s to always give you reliable information about the quality of a… Continue Reading
Newmont Mining (NEM:NYSE) announced this morning that it has signed a letter of intent to sell its Midas operations in Nevada to private equity firm, Waterton Global. Midas has been a staple of Newmont’s Nevada operations as it is a high grade gold-silver and has been in production since 1999. Many analysts already anticipated depletion and shut down of… 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
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
Robert Friedland returned to the mining spotlight with a vengeance this week on news of IPO plans for Ivanplats, his private company with copper and zinc projects in the Congo and platinum and nickel projects in South Africa. Friedland showed his Midas touch with the discoveries of Voisey’s Bay nickel deposit in Canada, purchased by… Continue Reading
