There are many interesting things about Hudbay’s takeover offer for the 84% of Augusta Resource that it doesn’t already own – an offer that has breathed a bit more life into a moribund mining M&A scene that is slowly reviving. Augusta is developing the advanced-stage Rosemont copper deposit southeast of Tucson, Arizona, which is projected… Continue Reading

The most interesting aspect of today’s nearly $20 gold rally was the fact that other metals appear to still be stuck in neutral while gold and stocks rocket higher: Click to enlarge Copper Daily Silver Daily Platinum Daily While silver has a mix of industrial and investment uses, copper and platinum are almost exclusively industrial… Continue Reading

Late last night, Hudbay Minerals (HBM:TSX) announced it was making an unsolicited offer for the remaining shares of Augusta Resource Corp (AZC:TSX).  Hudbay is offering 0.315 (~$2.96 per Augusta) of its shares for each share of Augusta representing a 62% premium to the 20-day VWAP and an 18% premium to Friday’s close.  The offer values… Continue Reading

After a wild trading session which saw gold whipsaw following the US non-farm payrolls report, buyers stepped in with conviction late in the US trading session: Click to enlarge The late session breakout looks promising, however, gold bulls will definitely want to see follow through buying Sunday night into Monday morning.

CTT data by YCharts Citation Resources Inc. | CTT:TSXV | 39,019,287 Shares O/S (basic) | $2,731,000 Market Cap | $.02 – $.14 Year Range | $.07 Last Trade There are numerous mineral belts endowed with many millions of ounces of silver and gold throughout Mexico.  However, none are more prolific than the Guerrero Gold Belt which is home to a significant amount… Continue Reading

This morning, Canada Carbon (CCB:TSXV) released further drill results from the winter exploration program being done at their Miller graphite project in Quebec.  Since discovering the VN3 vein in December, the company has focused exploration work there.  In hole DDH13-15, they intersected 1.8m of 48.6% Cg including a 0.5m intersection of 63.2% Cg.  This hole… 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

Gold has formed a virtually symmetrical ‘diamond’ pattern during the last month, which happens to also form the right shoulder of near perfect inverse head & shoulders bottoming pattern: Click to enlarge It is rare to see such symmetry in chart patterns, particularly patterns which are forming within one another. There is a good chance… Continue Reading

Jordan Trimble joined BNN Television’s Andrew Bell earlier. Trimble is CEO of Skyharbour Resources (SYH:TSXV), a micro-cap uranium explorer focused on Northern Saskatchewan’s Athabasca Basin region. Trimble discussed his company’s exploration plans for 2014, which includes an ongoing $6 million program at Skyharbour’s flagship Preston Lake project near Fission Uranium’s Patterson Lake South uranium discovery.… Continue Reading

This morning, Continental Gold (CNL:TSX) released another batch of 13 drill holes as well as underground sampling from the Yaragua vein at the company’s Buritica gold project in Colombia.  The company has resumed 2014 drilling and is aiming for an updated NI 43-101 resource estimate which should be released this quarter.  The market is waiting… Continue Reading

The senior gold miners have been forming a bullish consolidation for the past two weeks and could be setting up for a sharp 10% rally over the coming days: Click to enlarge What will be the catalyst for this rally? A breakout above the $1280 resistance level in gold should do the trick…..

This morning, explorer Desert Star Resources (DSR:TSXV) announced Mark Selby would be joining the company’s advisory board.  Mr. Selby is currently the Senior VP, Business Development at Royal Nickel (RNX:TSX) and is the owner of his own consulting firm, Selby & Co.  Mr. Selby is also and has been since August, 2009, a director of… Continue Reading

This morning, Canada Carbon (CCB:TSXV) announced the preliminary results of laboratory characterization tests being conducted by Evans Analytical Group (EAG) on its Miller high-purity hydrothermal graphite. The results were obtained using Raman spectroscopy and definitely determines the degree of crystallinity of graphite (and other materials). These tests showed that the Miller project’s graphite has an abnormally… Continue Reading

Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million.  The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively.  The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading

Last week, True Gold (TGM:TSX) announced a $36.6 million bought deal at a price of $0.40 (half warrant at $0.47).  The deal was led by RBC Capital Markets and included BMO and Haywood.  RBC was rated the top advisor for Canadian M&A for the third straight year (Bloomberg).  Sources tell us, it is close to… Continue Reading