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

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

I have said since you interviewed me over one year ago, this will continue and now is becoming a global phenomenon. The Fed has worked itself (and now most of the world) into an inescapable trap. I believe hard assets will go higher, including gold and commodities. http://www.bloomberg.com/news/2013-10-23/central-banks-drop-tightening-talk-as-easy-money-goes-on.html

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 best investment opportunities usually present themselves when the market fundamentals & technicals align in the same direction. Such is the case with the Toronto Venture Composite Index (TSX-V): Click to enlarge The TSX-V is testing double-top resistance from May, if it can break above 972 it will trigger upside targets of 1020 and 1080.… 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

Central Asian gold producer, Centerra Gold (CG:TSX) has encountered a colossal further breakdown in government relations by announcing that the MOU the company signed with the Kyrgyz Government in early September may have been rejected by Parliament.  The company was made aware via news reports, that the Kyrgyz Parliament has passed a decree to reject… Continue Reading

Over the last several weeks I have been reading and hearing first hand more and more about the amount of private equity money looking to invest into resource stocks. It is intriguing to say the least. Here in Canada we have the Toronto Stock Exchange (TSX) and its junior exchange for smaller companies called the… Continue Reading

Sabina Gold and Silver (SBB:TSX) released assay results from the company’s Umwelt deposit which is part of the Back River project located in Nunavut, Canada.  Umwelt is the largest of the Back River mineral resources and is set to be the first open pit and the first underground deposit mined, according to the company’s October… Continue Reading

Bob Quartermain’s battered Pretium Resources (PVG:TSX) has announced the initial processing results from the 10,000-tonne bulk sample program from the Valley of the Kings.  The company received these first results from cross-cut 426585E which produced 281 total gold ounces in 2,167 dry milled tonnes of material (which would imply a grade of approximately 4g/t gold). … Continue Reading

163,000 shares of buying was enough to send Newstrike Capital Inc. (TSXV:NES), a Vancouver-based, Mexico-focused gold exploration company run by Richard Whittle and backed by the Lundin Group, up 13 cents or 15.6% Monday. Last Thursday, Newstrike announced that an airborne geophysical survey flown over the company’s Aurea Norte property generated fifteen high priority exploration targets,… Continue Reading

Niocorp Developments Ltd. (TSXV:NB), a junior mining company developing the Elk Creek Niobium project in Nebraska, has closed a 6,186,612 share private placement at 15 cents, raising $927,991 US for the company. CEO Mark Smith, who was formerly CEO at Molycorp (NYSE:MCP), subscribed for 3.4 million shares or $510,000 US. Proceeds will be used to conduct further… Continue Reading

Tomorrow morning the market will get a glimpse of the September non-farm payrolls report. A report which was delayed due to the temporary US government shutdown. A disappointing NFP report could help to extend the Fed’s current pace of asset purchases well into 2014 and likely trigger the next leg higher in precious metals and… Continue Reading

Having just returned to my desk this afternoon after seven days in New York and Miami, I wanted to get caught up with last week’s headlines. I came across The Northern Miner’s friendly write-up of Red Eagle Mining (TSXV:RD) from Thursday, which compelled me to pull up RD’s chart. RD data by YCharts Astonishingly, Red Eagle’s shares… Continue Reading

US Global Investors (NASD:GROW) CIO Frank Holmes, the always energetic and insightful natural resources fund manager, made two simple yet profound observations regarding identifying junior resource management teams worthy of your investment dollars during a private conversation at Canaccord Genuity’s Global Resources Conference in Miami yesterday. 1) Junior resource companies operating internationally should always have senior managers… Continue Reading