With all of the well-deserved attention of late on Lukas Lundin’s Lucara Diamond (LUC:TSX) due to their outperforming share price (continuing to hit all-time highs), the natural question would be; should they use their stock to grow? My answer is, unequivocally, yes. There are limited opportunities in the diamond space as discovering and mining diamonds is… Continue Reading
It has been over a month since the market heard operational news out from Africa Oil (AOI:TSX). This morning, investors received a nice surprise in the form of a new gas discovery on the company’s Block 9 in Kenya. In an upper gas interval in the Sala-1 well, the company tested 6 million cubic feet per… Continue Reading
Ecuador has a terrible reputation as a mining jurisdiction, ever since the government there passed a 70% windfall profits tax on metals mined, highlighted by the fact that major miner Kinross abandoned the Fruta Del Norte gold project there last year, which they paid over $1.2 billion for in 2009. So I have no idea… Continue Reading
As reported earlier this morning, Lumina Copper, was halted pending news and most people familiar with the story anticipated that it would announce a take over. We suspected a Chinese bidder, but also cited First Quantum as a potential buyer and that’s exactly who has stepped up to acquire Ross Beaty’s Argentine copper developer for $470 million in cash… Continue Reading
Ross Beaty’s Lumina Copper (LCC:TSXV) which is developing the world-class Taca Taca copper deposit in Argentina has see renewed interest over the past month from investors as rumors spread that a buyer may be close to pulling the trigger on the multi-billion project. This morning, the company’s stock is halted pending an announcement. Shares of… Continue Reading
Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical. Iraq is so important that in October of 2012 the International Energy Agency (IEA) released a report called “World Energy Special Outlook On Iraq”. In that report the IEA concluded that in 2035 oil prices… Continue Reading
While B2Gold’s evaluations team has been busy with their purchase of Papillon Resources for $570 million worth of stock, the team at the company’s newest gold mine, Otjikoto, continues to bring the project closer to first gold by year-end. This morning, B2Gold provided investors with the latest drilling results from the high-grade Wolfshag zone which continues to… Continue Reading
This interview is part of special coverage in advance of Sprott’s Vancouver Natural Resources Symposium, July 22-25, 2014. Register here. Few business leaders are as candid about their strategies to create wealth as Rick Rule, the charismatic chairman of Sprott US Holdings, one of the world’s largest investors in natural resources. I called up the… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) which has come under pressure recently due to capital concerns and a South African platinum industry that is in severe turmoil, has relieved some pressure today by announcing the closing of their bought-deal financing, exercise of the full greenshoe and closing of a concurrent $25 million private placement with their Executive Chairman.… Continue Reading
Colombia’s New President | Gold Standard’s Pinon By Thom Calandra BOGOTA — Why does the wind in Panama blow from north to south? Because Colombia apparently sucks. For gold prospectors anyway. Let’s hope the Latin America paradise sucks for leftist rebels in coming months as well. Colombia is one of my two favorite places in… Continue Reading
One of the clear up and comers from Robert Friedland’s camp of natural resource developers, Matthew Hornor, CEO of Kaizen Discovery, was interviewed in a quite positive Global Mining Observer story earlier this week. Here’s the link: EXCLUSIVE: Inside Friedland’s Exploration Unit Mr. Hornor’s Kaizen Discovery (TSXV:KZD) has HPX TechCo (Robert Friedland) and ITOCHU Corporation of Japan as… Continue Reading
Well known Canadian businessman and philanthropist Frank Giustra has joined Twitter. Follow him here: @Frank_Giustra Giustra is best known as the founder and first CEO of Lionsgate Films, now the world’s largest independent film studio. He is also an accomplished natural resource developer, having co-founded Wheaton River Minerals, which subsequently became Goldcorp and spun out… Continue Reading
World leading global natural resource developers, the Lundin Group, led by Swedish billionaire tycoon, Lukas Lundin, have only one mineral exploration vehicle left. It’s called NGEx Resources Inc. (TSXV:NGQ), after the family motto: No Guts, No Glory and the company’s main focus, Exploration. NGEx owns three large copper gold deposits along the Chile/Argentinian border, the Josemaria, Los Helados, and Filo… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Founded in 2001, Sprott Inc. went public in 2008 and grew to more than $10 billion in Assets Under Management during the precious metals bull market that peaked in 2012. Today, with the gold and resource sector down over the last three years, Sprott’s AUM stands at approximately $7.7 billion. I… Continue Reading
Resource sector stalwart John Kaiser, editor of Kaiser Research, a subscriber supported publication which analyzes nearly 2000 junior resource companies worldwide, joined Vanessa Collette of Cambridge House Live in Vancouver Monday to discuss his take on the junior markets. Kaiser thinks this summer may be a good time for investors to start bottom fishing out… Continue Reading
