Paladin Energy (PDN:TSX), which was halted yesterday, resumed trading today after announcing it was cancelling the sale of a minority interest in the Langer Heinrich Mine in Namibia and is instead going to issue 15% of its outstanding share capital at a 30% discount to the market.  Needless to say, the market isn’t happy, with shares down… Continue Reading

Exeter Resource Corp (XRC:TSX) was up 50% in early trading and closed up 22% with abnormal volume on no news today.  Exeter has been advancing the very large, but costly Caspiche gold/copper porphyry in Chile which boasts 19Moz Au and 4.62Bn lbs Cu in reserves which ranks it in the top 1% of global gold… Continue Reading

Cream Minerals Ltd. (TSXV:CMA) has entered into a LOI for the sale of its Nueveo Milenio Silver-Gold project in Mexico for $600,000. The acquisition is being led by a group which includes current Cream shareholders. In November 2010, Vancouver-based Endeavour Silver made a 14 cent offer for all of Cream’s 88 million shares, implying Nuevo Milenio… Continue Reading

DON’T check your potash stocks today… “In a stunning move expected to transform the landscape of the world’s fertilizer industry, Russia’s OAO Uralkali is dismantling one of the world’s largest potash marketing groups by striking out on its own.” Read: Russia pulls out of cartel, potash prices expected to plunge With end to potash cartel,… Continue Reading

NexGen Energy has finished their 3,472.9 meter summer drill program at Radio. CEO Leigh Curyer commented, “These first 9 holes within the 5 test zones of summer drilling at Radio has confirmed these zones contain the basement geology, alteration and structural features that host uranium mineralization elsewhere in the Athabasca basin. Receipt of the completed… Continue Reading

Peter Koven of the Financial Post covers uranium’s 14% price correction over the previous two months, last at $US.34.50 per pound, the lowest level since 2006. The Fukushima Nuclear disaster in Japan continues to take its toll, with excess supplies in Japan being reportedly dumped onto the open market. Read: Uranium spot price sinks amid… Continue Reading

Primero Mining Corp (TSX:P) provides an update on the proceedings at the Cerro del Gallo Au-Ag project in Mexico. Primero acquired the Cerro del Gallo project in May 2013 from Cerro Resources NL in a share/cash/spin-out deal that saw Primero retaining a 69.2% interest in the project; offering Cerro Resources shareholders 0.023 Primero shares and shares… Continue Reading

Rumours are circulating on Howe and Bay Streets that someone may soon move on the PLS project in Northern Saskatchewan, a 50/50 joint venture held by Fission Uranium (TSXV:FCU) and Alpha Minerals (TSXV:AMW), fuelling demand for the shares of both companies. Click to enlarge: FCU.V AMW.V These are unsubstantiated reports, but the PLS project is… Continue Reading

While this morning’s sell-off came close to breaching key support levels, thereby triggering a larger topping pattern, the bulls ultimately prevailed….again: Click to enlarge The afternoon rally for the second consecutive session was certainly impressive, however, equities still haven’t gone anywhere in the last two weeks – meanwhile, the weekly candle in the market leading… Continue Reading

Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry.  Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading

Bloomberg reports on the current mining market meltdown’s devastating impact on Canada’s investment community. Mark Morabito, chairman of Alderon Iron Ore Corp. (ADV), was quoted. “I’m now dealing with the top guys, the global heads of mining, because the guys in between are all gone… Toronto is just a dead zone.” Read: Toronto Bankers Feel Pain From Mining… Continue Reading

While the gold miners appear to be poised for the next step in the bottoming process: Click to enlarge There are two resource stocks that have continued to exhibit enormous relative strength during the most difficult stretch for the sector in nearly two decades: AMW.V PVG And the chart of the summer….. ZEN.V

On average, silver components make up 40% of the value of by-products from production of zinc. Silver is found in all four types of zinc deposits which also contain gold. Due to the price decline in silver, the last seven months have added approximately 7% to zinc’s production costs. This is causing future zinc production to… Continue Reading

Huge volume on Mark O’Dea’s True Gold Mining (TSX:TGM) yesterday, 24.521 million shares traded via House 62, Haywood Securities. Golden Star Resources had owned a similar sized stake (24.521 million shares as of Nov 21, 2012), and this looks like them getting out. However there appears to be a strong appetite for True Gold’s shares, despite… Continue Reading

Geologix Explorations (GIX:TSX) released revised cash cost estimates for its Tepal Cu-Au project in Michoacan, Mexico in accordance with WGC Standards (total cash cost = mining costs + on-site G&A + treatment/refining charges + royalties + transportation + by-product credits). Due to the large Cu component, GIXs total cash costs are estimated at US$238/oz Au which leaves… Continue Reading