We think the risk/reward proposition for buyers of Ivanhoe Mines (TSX:IVN) is quite attractive from current levels (below 1.70). From a Technical Analysis perspective, the multi-month falling wedge has dropped into the 1.50-1.70 support zone. Volume has also dried up which we like to see before a big bounce – $2.00 is a reasonable short… Continue Reading
Endeavour Mining Delivers 324k oz in 2013, Forecasts 400k to 440k oz in 2014. All in costs: $985-$1070 Today, after the Canadian markets closed, Endeavour Mining (EDV:TSX) released their 2013 fiscal year end numbers as well as an official outlook for fiscal 2014. The company produced a total of 324,275 ounces of gold in 2013 which… Continue Reading
Jim Dines has been writing one of the world’s best read financial newsletters, The Dines Letter, since the 1950’s, and he’s still going strong… A few days ago Dines joined King World News to discuss his outlook for 2014 (Listen to the interview). Dines pats himself on the back for calling the coming 3D printing… Continue Reading
Desert Star Resources (TSXV:DSR) is a junior exploration company being proactive in this market. Last year they picked up six exploration projects in the U.S., each with big potential. Of particular note are their Red Top, Copper King and Copper Springs projects in Arizona, as well as their Oro project in New Mexico. A map of their… Continue Reading
Endeavour Mining (EDV:TSX), the African gold miner, that currently operates three mines in West Africa has announced commercial production has been reached at its fourth mine; Agbaou in Cote d’Ivoire. The company expects to grow production by 1/3rd this year, to approximately 400,000 ounces (up from 300,000 ounces in 2013) while reducing all-in costs per ounce below… Continue Reading
Mason Graphite (LLG:TSXV) has announced the closing of its previously announced $700,000 equity financing which was announced in accordance with their 40% investment in NanoXplore Inc, the graphene producer. The offering was fully subscribed for by Mason’s management as well as Forbes and Manahattan executives and was completed at a significant premium to the market price and… Continue Reading
I just had a call with my friend John-Mark Staude, CEO of Riverside Resources (TSXV:RRI). John-Mark is such an enthusiastic, fun and positive guy and we laughed about the state of the markets while promoting each other on our latest endeavours. Riverside, for those unaware, has a pretty genius business model for a junior mining… Continue Reading
Endeavour Mining Corp. | 413,043,293 Shares | $227,174,000 Market Cap | $.415 – $2.34 Year Range | $.55 Last Trade I called Endeavour Mining’s Vancouver office this afternoon for an update from the operator of three African gold mines. SVP of Business Development Doug Reddy returned my voice mail moments later with the following update:… Continue Reading
Today is the one year anniversary of making this video with my brother. I thought it would be a great opportunity to share some of my favourite mining and energy quotes, starting with one from Mr. Lowell, of course: “If there’s anything my career says about me, it’s that I’m very good at being wrong.”… Continue Reading
Rules of Thumb for Junior Mining Speculators —A Light at the End of the Tunnel by Brent Cook. Initially published by Streetwise Reports (The Gold Report–1/13/14) www.explorationinsights.com As we all know, for most speculators and investors the past few years in the mining and exploration sector have been disastrous. However, there are a number of fundamental trends… Continue Reading
NioCorp Developments Ltd. (TSXV:NB) has announced a private placement at 20 cents to raise $10 million. The company’s share price has been on a tear over the past ten days, climbing from $.15 on January 6th, to close at $.275 today. NioCorp CEO Mark Smith was featured in an interview on CEO.CA last week, and… Continue Reading
Encanto Potash (TSXV:EPO) Chairman Gordon Keep anticipates an off-take agreement between his firm and a consortium of India potash importers will be ratified in the first quarter of 2014. Details of the agreement first surfaced in January 2013 and again in June, 2013 on an Indian government Web site, calling for 1.8 to 2 million… Continue Reading
The man at the helm of Molycorp for 15-plus years, who helped to ignite a mania in the rare earths industry just five years ago, has bet big on a niobium project originally discovered by Molycorp. Mark A. Smith has invested over $1.3 million personally for 8.4 percent of NioCorp Developments (TSXV:NB), which owns the… Continue Reading
Want to take advantage of the resource sector downturn? Find a billionaire backer and a management team from a top tier producer… Warwick Smith’s Western Pacific Resources (TSXV:WRP), a Vancouver-based junior miner with a $3.3 million market cap, has raised $10 million via a convertible debenture, and an additional $8.5 million via a base metals streaming agreement… Continue Reading
Calandra: Junior Miners Need Consolidating By Hannah Tool | Index Universe Thom Calandra was co-founder and chief columnist of MarketWatch before it was sold to Dow Jones in 2005. After taking a few years off, he returned with The Calandra Report, a mining-focused newsletter. Calandra spoke to IndexUniverse contributing writer Hannah Tool about the downturn of… Continue Reading
