Could equity crowdfunding fix junior mining’s financial woes? The Globe and Mail asked this question of a number of PDAC participants, and heard a variety of responses. The least optimistic of which came from one of the sector’s most accomplished faces. “The trouble with mining and exploration is it requires large amounts of capital,” Mr.… Continue Reading
I interviewed mining and oil tycoon Lukas Lundin for the Financial Post’s PDAC edition which is in print today. Mr. Lundin talks about how he’s positioned his family natural resources empire for the next 1-4 years. Read: PDAC 2015: Lukas Lundin sets lofty goals as he re-enters gold game Mr. Lundin said a lot of… Continue Reading
A tight community of stock brokers, promoters and Canadian diamond investors saw some excitement today as North Arrow Minerals (NAR.V), a diamond explorer with active projects in Nunavut, Saskatchewan and elsewhere in Canada, halted its stock pending news. Over at our financial news chat application, chat.ceo.ca, users started speculating whether it would be drill results… Continue Reading
Haywood Securities Managing Director of Investment Banking Kevin Campbell interviewed Lukas Lundin for a pre-PDAC message from Lundin, the billionaire Swede mining and oil tycoon whose Lundin Gold and the Ecuadorian Government are co-sponsoring the event. Lundin says the world is growing at 2-3% per year and still needs metals. And he sees great opportunity in this… Continue Reading
In the good old days of Howe Street, venture stock-brokers would act as an intermediary between junior mining companies and investors. This is a somewhat murky ethical practice of the brokers having two masters, both the companies they were helping to get off the ground, and the clients with which they were to serve. Investors… Continue Reading
During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more. When I asked for his expectation of a final capitulation sell-off in resource markets, Rick noted that, “We came… Continue Reading
On February 13th last week, Torex Gold Resources Inc. (TXG. TO) a Canadian gold development company with operations in Mexico, announced that 11 of the 13 company workers who had been abducted the week before had now been safely returned. As a result, construction activities at Torex’s main gold development project, its El Limon Guajes… Continue Reading
James Fraser and I were manning the CEO.ca booth at the recent Cambridge House Vancouver Resource Investment conference, when exploration guru Brent Cook showed up with a friend of his, Mr. Steve Nano, president and CEO of Mirasol Resources (MRZ.V). Cook said we need to follow what Mirasol is doing. Fortunately Carter Smith was close-by… Continue Reading
Dalradian Resources, a Toronto-based junior gold developer focused on the Curraghinalt deposit in Northern Ireland and led by CEO Patrick Anderson, welcomes one of the most influential investors in mining to its team Tuesday. Veteran geologist and mining entrepreneur Ross Beaty, founder of Pan American Silver and the Lumina Copper franchise, will purchase 9.9% of… Continue Reading
At the Cambridge House Vancouver Resource Investment Conference this past Sunday and Monday, we had the chance to ask respected mining analyst Brent Cook for his outlook on the sector for which he is best known. Here’s what he said: Right now one of the biggest risks given how 2015 is starting off so positive… Continue Reading
“We got involved with Wheaton River at a time when the gold price was depressed. We had the sense of urgency that the gold price was going to up, and we didn’t have enough gold assets to take advantage of it.” Ian Telfer, Chairman and former CEO of Goldcorp, the world’s top gold miner. Goldcorp… Continue Reading
“In our business, you make it taking shots.” Ron Netolitzky 2015 Ronald Netolitzky Tribute | Canadian Mining Hall of Fame
January 12, 2015 When China celebrates its new year next month, we will transition into the Year of the Ram, also known as the Year of the Goat or Sheep. If you believe in luck, this could be a good sign. The ram comes eighth in the 12-zodiac cycle, and in Mandarin, “eight” sounds very… Continue Reading
This is the worst time of year for world oil prices to hit a five year low for North American energy producers. That’s because they typically evaluate their reserves at fiscal year-end—and that usually matches the calendar year. That means reserve evaluations are done with the current price “deck” looking forward (often called “strip… Continue Reading
“Anybody who says that the super-cycle is over is an idiot, it’s just been deferred for a little bit”, mining tycoon Robert Friedland told a packed audience in London last week. I was there for the 12th annual Mines and Money show. And if you’re in the mining business and haven’t been to London lately, the Mines… Continue Reading
