Eight days ago I wrote that gold was set to launch to $1500+. As it turned out, a deeper pullback was in store over the ensuing days. However, support in the $1350s has held repeatedly and the risk/reward is quite compelling for gold longs from current levels: Click to enlarge Gold Daily Another $77 pullback,… Continue Reading
Sulliden Gold (SUE:TSX) has cleared the final hurdle at its Shahuindo gold and silver project in northern Peru by receiving an ‘okay’ for their Environmental Impact Assessment. With this milestone complete, after an 18 month permitting process, the company expects to begin construction within 30-60 days (once final project finance package completed). The construction will… Continue Reading
Tonight I listed to some veterans talk mineral discovery and here are a few ideas that I learned or was reminded of. 1. No one person can claim credit for a discovery, they are usually the result of the good work of many people over decades. 2. You don’t get rich by riding your desk,… Continue Reading
Western Copper and Gold Corp.’s Casino deposit in the Yukon contains 18 million ounces of gold and 10 billion pounds of copper. WRN CEO Dale Corman delivered 20 fold returns to investors between 2001-2006. Can he do it again? Western Copper and Gold Corp. has approved this story. Please read their Cautionary Statement. In a bear… Continue Reading
In April of this year, Mexico’s Economics Committee in the Chamber of Deputies approved a proposed new 5% mining royalty tax. Over the weekend, the Executive Branch of the Mexican federal government presented its 2014 Tax Reform proposal which included new mining specific federal royalties. These included a Special Mining Royalty which is a 7.5%… Continue Reading
Cambridge House International, Canada’s junior mining advocates, are hosting the FREE Toronto Resource Investment Conference at the Sheraton Centre Hotel this Thursday and Friday (Details and Registration). Join financiers Ned Goodman of Dundee Corp., Eric Sprott of Sprott Inc., Frank Holmes of US Global Investors, along with newsletter writers including Keith Schaefer of the Oil and… Continue Reading
B2Gold (BTO:TSX) and joint venture partner Calibre Mining (CXB:TSXV) have signed a definitive joint venture agreement granting BTO an option to acquire another 19% interest in the Primavera gold-copper project in Nicaragua. Read: Calibre and B2Gold Sign Definitive Joint Venture Agreement. Calibre currently owns 49% of the project and B2Gold owns the remaining 51%. Once… Continue Reading
Pilot Gold (PLG:TSX) released further assay results from their TV Tower project in Turkey. This round of drilling focused on near-surface silver-only mineralized zone near the KCD target. Step-out drilling highlights include hole KCD-151R which hit 91.5m of 90.2g/t silver including 34.5m of 176g/t silver. Hole KCD-149R intersected 61.5m of 43.6g/t silver. The company also… Continue Reading
Newstrike Capital (NES:TSXV) hasn’t had an easy ride over the past year, with share prices hitting 3-year lows, however, they have been efficiently adding value to their Ana Paula project in Guerrero State, Mexico. Today they discovered several high-priority targets on a parallel trend with the Ana Paula project (which, the market didn’t care for much… Continue Reading
Pretium Resources (PVG:TSX) released additional assay results from its Valley of the Kings bulk sample program as well as additional non-program exploration work. Highlights include: Hole VU-168 which intersected 6.25m of 1,622g/t gold including 0.5m of 9,040g/t gold and 0.5m of 6,090g/t gold; and, Hole VU-182 intersected the Cleopatra vein and hit 8.04m of 714.8g/t… Continue Reading
With excerpts from today’s Ivanhoe Mines news release. Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that the company is proceeding with the sinking of a bulk-sample shaft to access the underground Flatreef platinum, palladium, nickel, copper, gold and rhodium discovery at its Platreef Project in… Continue Reading
Today Nevada Copper Corp. (TSX:NCU), a Vancouver-based junior mining company developing the Pumpkin Hollow project in Nevada, announced they have received their final permit required for construction and operation of Stage 1 of the underground project, the Nevada Air Quality Operating Permit. The Pumpkin Hollow underground project is now fully permitted for mine construction and operations. With all… Continue Reading
Cameco Corp (CCO:TSX) provided an update on its Cigar Lake project located in northern Saskatchewan. Cigar Lake is owned by Cameco (50% operator), AREVA (37.1%), Idemitsu Canada Resources (7.875%) and TEPCO Resources (5%). Construction of the mine is currently at 97% however, while commissioning underground facilities, Cameco found more work that will delay jet boring… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly and rising JOHANNESBURG — Ivanhoe Mines (TSX:IVN) this week began what looks like a two-year strategy to fortify deposit estimates and tune technical criteria for its Platreef/Flatreef platinum group metals properties in South Africa’s Limpopo Province. A bulk mining permit is in the works, one of perhaps 16 applications,… Continue Reading
The Fed is losing control of interest rates as the “belly” of the Treasury yield curve blew out this week, bringing the yield on the 10-year note briefly above 3%: Click to enlarge The Federal Reserve balance sheet now stands at $3.611 trillion, some $800 billion more than it was the last time long rates… Continue Reading
