The world is not ending, no matter what politicians and TV pundits try to sell you; crisis is business, and numbers do not lie, people do. The case for being long gold at this point is WWIII and/or a deceleration in US growth. Neither have come to fruition this year; gold is crashing (-21.5% year-to-date)… Continue Reading

Clive Johnson is a big, fast-talking ex-rugby player and one of Canada’s best gold mining executives. The 56-year-old has built back-to-back multi-billion-dollar gold companies. His latest, B2Gold Corp. (TSX:BTO), is one of the few gold producers to have delivered for investors over the past five years. Johnson’s contrarian instincts have served him well in a… Continue Reading

Developments in the potash cartel saga continues as rumours are confirmed that 21.75%-owner of OAO Uralkali, Russian tycoon, Suleiman Kerimov is trying to sell his stake in the company.  The value of the sale is estimated at around $3.5 billion.  This comes after Uralkali left the Belarusian Potash Co (BPC) cartel followed by the Belarusian’s… Continue Reading

Bone crushing news for shareholders in Northern Dynasty Minerals (TSX:NDM) today, Anglo American is backing out of the Pebble Partnership, dashing near term development plans for the massive copper, gold and molybdenum deposit. Mark Cutifani, Chief Executive of Anglo American, said: “Despite our belief that Pebble is a deposit of rare magnitude and quality, we… Continue Reading

IAMGOLD (IMG:TSX) has, with its JV partners AngloGold Ashanti (40%) and the government of Mali  (20%), decided to suspend mining at the Yatela mine in Mali effective September 30, 2013.  The company noted that they will begin dismantling the mine at the end of September, however, processing of leach pads and ore already mined will… Continue Reading

Torex Gold (TXG:TSX) put out its highly anticipated maiden resource at its Media Luna target, south of the river at its Morelos gold project in Guerrero State, Mexico.  The company announced an initial inferred resource comprised of 39.9 million tonnes at 2.63g/t gold, 24.46g/t silver and 0.97% copper which equates to 5.84 million gold equivalent… Continue Reading

Positive results continue to roll in at PLS, the 50/50 joint venture owned by Fission Uranium and Alpha Minerals. Read: Alpha Minerals JV Confirms Significant Mineralization With Strong “Off-Scale” Radioactivity at R945E Zone At PLS Project. The market appears to have been expecting success. Shares in both Fission and Alpha were effectively flat at press… Continue Reading

Roxgold Inc. (TSXV:ROG), a Toronto based junior gold company focused on the Yaramoko project in Burkina Faso, has released results from its Preliminary Economic Assessment (PEA) for the 55 Zone on it’s 100% owned Yaramoko permit. The 55 Zone at Yaramoko has 850,000 ounces at 13.88 grams per tonne gold, with 250,000 ounces at 9.88… Continue Reading

As we enter the week of September 16th, 2013 everything appears to be hinging on the FOMC announcement Wednesday at 2pm EST. Chairman Bernanke will hold a press conference at 2:30pm EST which will be heavily parsed, to say the least. For a Fed which has had a major communication problem in recent months, the… Continue Reading

I was able to catch up with billionaire Ivanhoe Mines (TSX:IVN) Executive Chairman Robert Friedland in Toronto yesterday. The Singapore-based mining legend was in Toronto this week to announce the launch of Ivanhoe Pictures, a new film and TV finance and production company, and to host the first investor presentations for his Ivanhoe Mines after… Continue Reading

Quietly yesterday, Serafino Iacono’s Gran Colombia Gold (GCM:TSX) announced it had grown production month-over-month to 9,988 ounces of gold in August (from 9,441 ounces in July).  These ounces come from the company’s underground mining operations in Colombia at their Segovia and Marmato mines.  The company has produced 70,939 ounces so far in 2013 with the… Continue Reading

If history repeats itself (which it has a habit of doing), then yes the bank is preparing to load up on gold.  This morning, Jeffrey Currie, the global head of commodities research for the bank said: “While we agree with the mid-cycle price somewhere around $1,200, we believe that at least near term it can overshoot… Continue Reading

Micro cap zinc explorer, Messina Minerals (MMI:TSXV) agreed to be acquired by Canadian Zinc (CZN:TSXV) for shares.  Messina shareholders will receive 1 shares of CZN for each 5.9 shares they hold of MMI which values MMI at around $0.115 per share.  This equates to an approximate 190% premium to the last close of $0.04 per… Continue Reading

Yesterday after the close I mentioned to another trader that gold futures needed to stage a rally back above $1370 overnight or else they would be vulnerable to a break below $1350 the following morning. As it turned out, we got a bear raid overnight when 2,000 GC contracts hit the market in a split… Continue Reading

Oceanic Iron Ore (FEO:TSXV), the small cap iron ore developer, has received the results of a shipping optimization study to determine whether the benefit justifies the costs of year round shipping from the Company’s Hopes Advance project located in the Canadian Arctic. The study includes direct shipping during summer months and transshipment during winter months.… Continue Reading