This story was first posted at 9:00AM today, and was briefly updated at 8:14PM. Micro cap Vancouver-based junior miner Niocorp Developments Ltd. (TSXV:NB), which is advancing its Elk Creek, Nebraska niobium project, has announced that they have recruited Marc Smith to become the company’s new CEO. Smith was formerly CEO of rare-earths producer Molycorp (NYSE:MCP),… Continue Reading

This morning, Patterson Lake South Joint-Venture partners Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) announced they had potentially found a fifth high-grade uranium zone as part of their 2013 drill campaign.  The most recent hole, PLS13-098, intersected 76m of total composite mineralization within a total 107.5m section (to vertical depth of 317m).  This adds to… Continue Reading

Ivanhoe Mines (IVN:TSX) intends to raise up to $108 million for the development of its Kamoa copper discovery and Kipushi copper-zinc project, both located in the Democratic Republic of Congo’s Katanga province.  The raise is comprised of 50 million Class A common shares at a price of $2.00 per share.  Billionaire founder and Chairman, Robert… Continue Reading

Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted… Continue Reading

B2Gold CEO Clive Johnson sold 500,000 shares of his B2Gold this week according to INK Research. I sent Mr. Johnson an email this morning asking for comment, to which he responded: “Share sale were restricted bonus shares issued to me at $3.07. Sold to cover partly taxes already paid. I’ve had this order out there… Continue Reading

Burkina Faso gold developer, True Gold Mining (TGM:TSXV) received its environmental permit for its Goulagou I, Goulagou II and Rambo deposits which make up the company’s Karma gold project.  The next and final step to bring Karma into production is the receipt of the exploitation permits which the company expects getting in 2 months.  In… Continue Reading

NOT COLARADO — Better than gold? Maybe. The Precious Metals Summit webcast is in gear. This is the Colorado conference that precedes the Denver Gold Group gathering, a larger-company show that starts Sunday evening. The video quality at Precious Metals Summit is good, and the display for about 60-plus companies is indexed accordingly by time slot… Continue Reading

In an interview with Citywire, Blackrock Natural Resources CIO Evy Hambro provides some guidance on the gold industry: In the short term Hambro predicts production might actually tick up as gold companies seek to reduce costs by mining higher grade gold where they have the flexibility to do so. He believes that while that scenario… Continue Reading

Red Kite founder Oskar Lewnowski has spun out a $1.1bn mining fund from Red Kite, the mine finance firm he co-founded: Metal commodities specialist investment manager Red Kite Group facilitated a move by one of its founding partners, Oskar Lewnowski, to spin out the private equity fund he managed, RK Mine Finance Fund II, to… Continue Reading

Global demand for platinum as an investment has increased 30x since 2003. Learn about platinum’s investment potential in Part 3 of The Platinum Series. VC Infographic | Platinum Series: Platinum as an Investment http://t.co/7AcI5FCrnu — Visual Capitalist (@VisualCap) September 19, 2013

THE CALANDRA REPORT: Subscribe $91 yearly ELKO, Nevada — Last week, in a presentation panel in Toronto, I told an audience of 200 that Gold Standard Ventures’ (GSV in Canada and USA) Dave Mathewson and another Nevada stalwart, geologist Roger Steininger at NuLegacy Gold (NUG in Canada), were of a type: good old Nevada boys… Continue Reading

NGEx Resources (NGQ:TSX) released an updated resource estimate for its Los Helados copper-gold porphyry project.  The project is a large, low-grade, bulk tonnage copper-gold porphyry system located on a contiguous land package that the company holds in Chile’s Region III.  The company completed an additional 32 holes and over 32,200m which was completed earlier this… Continue Reading

Continental Gold Corp (TSX:CNL) is one of the strongest of the Toronto-based gold juniors (off the top of my head: 5+ million ozs high grade gold inferred at their flagship Buritica project in Colombia, expectation for resource growth, especially at depth, $550+ million market cap, $130 million in cash). Continental expects to file for their… Continue Reading

A favorite gold takeover candidate, Sulliden Gold (SUE:TSX) announced a $40 million bought deal financing priced close to market at $1.02 per share (versus last close of $1.10).  The underwriters include National Bank and Scotia Capital.  This should be viewed positively, although the market may sell down closer to the pricing of the offering. The… Continue Reading

Karnalyte Resources Inc. (TSX: KRN) today announced that they are proceeding to the construction permitting process for their Wynyard Carnallite Project in Saskatchewan. The company says the have the backing of their Indian strategic partner to move forward regardless of conflict in the the potash markets. “Gujarat State Fertilizers and Chemicals (“GSFC”) is of the… Continue Reading