Parex Resources (PXT:TSX) and Petroamerica Oil (PTA:TSXV) have provided an update on the exploration and development work going on in some of Colombia’s most prolific light oil fields.  Parex is excited about the developments on the El Eden block (60% operated working interest, Petroamerica 40% working interest) as they have begun long-term production from the test facility… 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

On Monday, the Mexican senate approved a draft energy bill which would allow, for the first time in 75 years, private foreign investment into the oil and gas sector in their country.  Mexico is the number 10 global oil producer and has been controlled by the state-owned oil company, Petroleos Mexicanos (Pemex).  That state-run entity has seen crude… Continue Reading

Platinum Group Metals (PTM:TSX) is set to resume trading this morning after announcing yesterday that it would be completing a $175 million bought deal financing led by BMO Capital and GMP Securities.  The stock has performed well this year, up over 50% YTD thanks to successful development of their Western Bushveld Joint Venture where they… Continue Reading

Apparently, Colossus Minerals (CSI:TSX) will no longer be “Building Brazil’s Next Gold Mine” as they state on the front of their corporate presentation.  Late last week, CSI announced that they would be revising their plans for the Serra Pelada gold-platinum-palladium development project in Brazil following financial liquidity concerns and meetings with key stakeholders.  On Friday, the company… Continue Reading

Congratulations are in order to Ari Sussman and his team at Continental Gold Limited (TSX:CNL). They have been awarded the Mines and Money London 2013 Exploration Award for their Buriticá high grade gold project in Colombia, beating out the likes of Fission Uranium, Robust Resources and Sirius Resources for the honour. Mines and Money London is… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Topics: Coastal Contacts, Inovio, American Sands, Stockr, Mason Graphite, Tembo, GSV & Sunny LA LOS ANGELES — Just back from getting my batteries charged at LD Micro in Bel Air. About 240 companies — four or five gold | a dozen energy | and the rest Biomedical, Internet, retail,… Continue Reading

A few days after announcing the signing of a definitive agreement to buy the Midas mine and mill complex in Nevada from Newmont, Klondex Mines (KDX:TSX) has an idea to finance the acquisition and development of that project with a gold, equity and note financing package.  KDX agreed to pay Newmont a total of $83… Continue Reading

A new mineral exploration company to watch, Kaizen Discovery, will commence trading in Toronto tomorrow under the symbol KZD. Kaizen was born out of an amalgamation with HPX TechCo (50% owned by Robert Friedland) and Concordia Resource Corp. Kaizen will be 85% owned by HPX TechCo (Private) and 15% by Concordia shareholders. The company will… Continue Reading

Millions around the world have been inspired by Nelson Mandela’s dedication to freedom and human dignity.  After being imprisoned in Apartheid South Africa for 27 years, he came out and created a free, united country based on dialogue between all citizens.  Humanity is forever indebted to him. RIP Madiba “I am fundamentally an optimist. Whether that comes from nature… Continue Reading

Mason Graphite (LLG:TSXV), the company developing one of the highest grade graphite deposits in the world, the Lac Gueret deposit, announced a large increase to the resource base of over 658%.  Lac Gueret now hosts a Measured and Indicated resource of over 50Mt at 15.6% Cg and another 2.6Mt of Inferred resource at 30.5% Cg.  The previous… 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

Lundin Mining (LUN:TSX), Lukas Lundin’s namesake multi-billion dollar base metal mining company, announced today that they would be spending in excess of $460 million in capital in 2014, (compared to an estimated $255 million for fiscal 2013).  The bulk of the spending, $300 million will go towards completing construction of the Humboldt mill and their recently acquired Eagle mine,… Continue Reading

In the mining game, one dumb mistake can lead to years of decline. See Mining, Baja. Baja Mining? More like Ba-ha-ha-ha-ha Mining. “Shares of Vancouver-based Baja Mining Corp. (TSX:T.BAJ, Stock Forum) climbed 37% to 35 cents after the company provided revised capital cost estimates for its Boleo Project in Mexico after Monday’s market close,” –… Continue Reading

Shareholders of Turquoise Hill Resources (TSX:TRQ) would be wise to participate in an upcoming rights offering, according to company founder and billionaire mining entrepreneur Robert Friedland, who lost control of Turquoise Hill in 2012, and says he still owns 8-9% of the company. “People should buy the rights and exercise them hand over fist,” Mr. Friedland… Continue Reading