Congratulations are in order to Ari Sussman and his team at Continental Gold Limited (TSX:CNL). They have been awarded the Mines and Money London 2013 Exploration Award for their Buriticá high grade gold project in Colombia, beating out the likes of Fission Uranium, Robust Resources and Sirius Resources for the honour. Mines and Money London is… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Topics: Coastal Contacts, Inovio, American Sands, Stockr, Mason Graphite, Tembo, GSV & Sunny LA LOS ANGELES — Just back from getting my batteries charged at LD Micro in Bel Air. About 240 companies — four or five gold | a dozen energy | and the rest Biomedical, Internet, retail,… 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

A new mineral exploration company to watch, Kaizen Discovery, will commence trading in Toronto tomorrow under the symbol KZD. Kaizen was born out of an amalgamation with HPX TechCo (50% owned by Robert Friedland) and Concordia Resource Corp. Kaizen will be 85% owned by HPX TechCo (Private) and 15% by Concordia shareholders. The company will… Continue Reading

An article from Mineweb’s Alex Williams this morning summarized the recent discussion Rick Rule (Chairman of Sprott US Holdings) and Robert Friedland had at this year’s Mines & Money Conference in London, UK.  Below are a few of the quotes from the article: “This is very much what a bottom feels like,” said Friedland. “Most of the CEOs of the major mining… Continue Reading

Mason Graphite (LLG:TSXV), the company developing one of the highest grade graphite deposits in the world, the Lac Gueret deposit, announced a large increase to the resource base of over 658%.  Lac Gueret now hosts a Measured and Indicated resource of over 50Mt at 15.6% Cg and another 2.6Mt of Inferred resource at 30.5% Cg.  The previous… Continue Reading

Calandra: Junior Miners Need Consolidating By Hannah Tool | Index Universe Thom Calandra was co-founder and chief columnist of MarketWatch before it was sold to Dow Jones in 2005. After taking a few years off, he returned with The Calandra Report, a mining-focused newsletter. Calandra spoke to IndexUniverse contributing writer Hannah Tool about the downturn of… Continue Reading

Lundin Mining (LUN:TSX), Lukas Lundin’s namesake multi-billion dollar base metal mining company, announced today that they would be spending in excess of $460 million in capital in 2014, (compared to an estimated $255 million for fiscal 2013).  The bulk of the spending, $300 million will go towards completing construction of the Humboldt mill and their recently acquired Eagle mine,… Continue Reading

“You want me to be a wilting flower? I mean, wilting flowers don’t build companies.” “If nobody would try, of course nobody would make it,” Mr. Munk said. “I must have given 25 lectures at business schools and my theme number one is: dream big, dream big. Put all your efforts into realizing your dreams.… Continue Reading

Click here to watch the BNN interview.  Andrew Bell: We’ve seen a couple of downgrades, BMO and RBC, they say nothing wrong with the company, just the stock’s got above their valuation. William Lamb: I think the way we would see that is they are basing on information which is available in the market. The… Continue Reading

Since August 2011 the S&P 500 has risen more than 700 points while the price of gold has fallen over $700: Click to enlarge At the gold peak in August 2011 the negative correlation between stocks and gold reached an unsustainable extreme (roughly 90% negative correlation depending on the time frame). As crazy as it… Continue Reading

In the mining game, one dumb mistake can lead to years of decline. See Mining, Baja. Baja Mining? More like Ba-ha-ha-ha-ha Mining. “Shares of Vancouver-based Baja Mining Corp. (TSX:T.BAJ, Stock Forum) climbed 37% to 35 cents after the company provided revised capital cost estimates for its Boleo Project in Mexico after Monday’s market close,” –… Continue Reading

By James Kwantes, World of Mining Eric Friedland’s Peregrine Diamonds released news this morning that moved the stock 52%, to 64 cents, by the time markets closed. A 222-dry-tonne bulk sample from the company’s CH-6 kimberlite returned an impressive grade of 2.7 carats per tonne and 48 diamonds larger than 1 carat, including a 3.54-carat stone. CH-6… Continue Reading

US uranium developer, Uranerz Energy (URZ:TSX), announced today that it has closed a $20 million loan through Sambla Denmark’s online lending program that the company launched on October 12, 2020.  The loan will mature in 7 years and will bear interest at an attractive 5.75% annual rate.  Interest only is paid in the first year with… Continue Reading

“Mason Graphite apparently has the purest deposit in the world and is run by the world’s experts, people who have been in the graphite business a long time…” – Jim Rogers, Chairman of Rogers Holdings Mason Graphite (LLG:TSXV) put together a small, but high-grade, deposit based on 25 drill holes and 2,285m of drilling completed… Continue Reading