VANCOUVER – Goldcorp Inc. (TSX:G) is making a $2.6-billion takeover play for Montreal-based Osisko Mining Corp. (TSX:OSK), which has an operating mine in northern Quebec and other projects in Ontario. Vancouver-based Goldcorp, which rivals Barrick Gold (TSX:ABX) in size, is offering a combination of stock and cash that values Osisko at C$5.95 per share —… Continue Reading

An edited version of this story was first published in the Globe and Mail. The man who recently left his job as head of Sprott Resource Corp. says he has yet to sell a share in the company. Kevin Bambrough, who exited his role as the chief executive of Sprott Resource Corp., as well as… Continue Reading

Haywood Securities’ Chairman, John Tognetti, has added 2.4 million shares to his position in Mirasol Resources (MRZ:TSXV) which brings his total position to over 7.9 million shares or roughly 25% of the company.  Mr. Tognetti has been a supporter of Mirasol for a number of years and clearly continues to have his conviction about the… Continue Reading

A shocking December jobs report for Canada came out this morning: Canada shed 45,900 jobs during the month versus expectations of an increase of 14,000 jobs The unemployment rate unexpectedly rose to 7.2% from 6.9% Source: Globe & Mail These are recessionary numbers – how will the Bank of Canada respond?

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

Petroamerica (PTA:TSXV) announced exciting news just after market today with two new oil discoveries made in Colombia.   The discoveries were made on the El Eden block (40% working interest with PXT 60% operated interest) in the prolific Llanos Basin of Colombia.  At their La Casona 2 well the companies discovered 545 barrels of light 47 degree… Continue Reading

Companies in the resource business take note; bring the right deal to the table and BMO and GMP will find you the money.  Hudbay Minerals (HBM:TSX) announced today that they have secured a $150 million bought deal financing being led by GMP and BMO.  The financing was announced at $8.25 per share (only a small discount to… Continue Reading

Drilling is successfully continuing in Colombia for Continental Gold (CNL:TSX) and the company has released assay results for 11 drill holes from the Veta Sur and eastern Laurel vein systems at their high-grade Buritica project.  These results are part of the 2013 program and the company expects to continue to deliver robust resources as well… Continue Reading

After announcing an oil discovery at the Shpirag-2, which had initial flow rates of 1,500 to 2,200 barrels of oil equivalent per day (boe/d), Petromanas (PMI:TSXV) has informed the Albanian government, as per their Production Sharing Contracts, that Blocks 2-3 hold an oil discovery.  Given the success of the discovery at Shpirag-2, this announcement shouldn’t come… Continue Reading

On Fire: ALQA, CUR, SVV, BCRX, Gold & More THE CALANDRA REPORT: Subscribe We send this update from Active Trading Partner’s David Banister, whose analysis thus far is superb. We have been tracking the 48-year-old New England writer’s work on ALQA for about four weeks. Also, CUR. Plus: metals equities, including Almaden Minerals (AAU in… Continue Reading

This morning, Norway’s largest oil producer, Lundin Petroleum (LUP:TSX, LUPE:ST) announced its capital allocation for 2014 and its a staggering $2.1 billion.  Projected expenditures on development projects in 2014 are expected to grow by 25% over the 2013 to $1.4 billion.  The company expects to spend roughly the same this year as they did last year on exploration which is… Continue Reading

Chile is facing a widespread port strike which is affecting the South American country’s number one export; copper.  According to reports, Codelco has been affected to the tune of $130 million.  In 2011, a one-day strike cost Codelco roughly $40 million.  The company uses the San Antonio Port to ship sulphuric acid from the south… Continue Reading

Ari Sussman’s Continental Gold (client and long position) was discussed in this interview with Paul Harris, Editor of the Colombia Gold Report: Paul Harris Has Something to Say About Colombia’s Gold Exploration Sector Excerpt: TGR: How do investors make money in Colombian mining equities or companies with projects in Colombia? PH: Well, Brian, I think you, as… Continue Reading

There was an interesting article in the Globe today on Tesla that is important to the cobalt market. Long-term investors can catch a ride with Tesla Excerpt (emphasis ours): Think about battery volume alone. Tesla’s goal is to ship 700,000 cars in 2019, which requires a 24-fold growth from production volume last quarter. This would give… Continue Reading

Albania’s largest foreign direct investor, Bankers Petroleum (BNK:TSX) has released its fourth quarter production numbers for 2013, with average daily oil output growing by 4.1% quarter-over-quarter (q-o-q) to 19,303bopd.  The company produced an average of 18,169bopd over 2013 which represented 21% growth over 2012 average daily production of 15,020bopd.  Oil sales grew year-over-year as well with… Continue Reading