According to Bloomberg, Greenland is set to lift a uranium mining moratorium which has been in place for 25 years.  Greenland is thought to be extremely rich in rare earth and uranium minerals which could spark a uranium mining rush to the arctic island.  Denmark has backed Greenland’s plans to expand the development of its natural resources to include… Continue Reading

Core long position Petroamerica Oil Corp. (TSXV:PTA) has provided an update on its appraisal activities in Colombia. What you need to know is that PTA trades at less than 1.5X cash flow currently, the La Casona field will come on stream in November, the La Casona 2 appraisal well is about to be tested, as… Continue Reading

Colombian light-oil producer, Parex Resources (PXT:TSX) has provided an impressive update on its operations in Colombia including raising their full-year guidance to 15,700bopd (up from 15,000-15,500bopd).  The increase to full year guidance comes on the back of impressive production in the third quarter of 16,200bopd and an even more stellar forecast for the fourth quarter… Continue Reading

With gold set for its first annual decline since the year 2000, Goldman Sachs, the outspoken pessimist of the gold markets, put out a report summarizing their expectations for third quarter earnings.  The focus of the piece was Europe, Middle East and Africa (EMEA) gold miners and was titled “3Q earnings previews: Lower gold price… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly October 22, 2013 Most everyone likes an under-fished story. Even regulators. So, this is Day 9. Barkerville Gold Mines’ return to trading brings a doubling of the stock price for those who bought the tarnished stock in America’s pink-sheet market (symbol BGMZF) whilst the Canada shares were halted. Those… Continue Reading

Reindeer people, near lake Huvsgul, North Western Mongolia.  One of the treasures and wonders of Mongolia. http://www.beforethey.com/tribe/tsaatan

Colombian-focused oil and gas producer Canacol Energy (CNE:TSX) released the results from their Labrador 5 well located on the LLA23 block.  The well was spud on September 10 and reached a total depth of 10,972ft and hit 55 feet of net oil pay; 13ft in the C7 and 42ft in the Middle and Lower Gacheta… Continue Reading

163,000 shares of buying was enough to send Newstrike Capital Inc. (TSXV:NES), a Vancouver-based, Mexico-focused gold exploration company run by Richard Whittle and backed by the Lundin Group, up 13 cents or 15.6% Monday. Last Thursday, Newstrike announced that an airborne geophysical survey flown over the company’s Aurea Norte property generated fifteen high priority exploration targets,… Continue Reading

The Lundin Group’s Lucara Diamond Corp. (TSX:LUC) reached a 52 week high of $1.25 Friday, with shares in the African diamond producer closing at $1.23 on approx. 700,000 shares. Lucara’s shares have more than doubled since the company entered production at its 100% owned Karowe diamond mine in Botswana in August, 2012 (Related: A New Age… Continue Reading

We had the wonderful opportunity of attending the Canaccord Genuity Global Resources Conference during the past couple of days in Miami, Florida. Canaccord put on a first class event with many of mining and energy sector’s best CIOs and CEOs on hand. Below are some of the key takeaways from the conference: Most miners are… Continue Reading

Mark Twain said history doesn’t repeat itself but it rhymes. We often see that in the capital markets. The big decline in Gold this year is reminiscent of that of 1975-1976. Yet, aside from that there are several other similarities between today and 1976. Gold, gold stocks, the stock market and commodities appear to be in a… Continue Reading

US Oil Sands (USO:TSXV) has closed its previously announced, oversubscribed $81 million financing and has added a changed lineup of all-star energy entrepreneurs to its board of directors.  USO raised the money from three main strategic investors, Blue Pacific Investments, Anchorage Capital Group and Spitfire Ventures.  Blue Pacific nominated Serafino Iacono (highly successful Colombian resource entrepreneur… Continue Reading

Lukas Lundin’s Africa Oil (AOI:TSXV) announced a $450 million brokered private placement.  The company is issuing 56.5 million shares at $8.25 per share and will be placed on a best efforts basis through Citigroup, Dundee and Pareto Securities.  The company claims to have good support for this financing with its existing shareholders as well as… Continue Reading

This morning, Robert Friedland’s Ivanhoe Mines (IVN:TSX) announced a monster hole at their Flatreef platinum project in South Africa.  In hole TMT006, IVN intersected 90.64m of 4.51g/t 4PGE (platinum, palladium, rhodium and gold) 0.37% nickel and 0.20% copper.  Within the 90.64m interval included 40.79m of 6.88g/t 4PGE. “This is an extraordinary drill hole,” said Robert… Continue Reading

Bruce Duncan’s Canada Carbon (TSXV:CCB) published results of a chemical characterization of material from the company’s 100% owned Miller hydrothermal lump/vein graphite property in Quebec, Canada. The news release suggested graphite from Miller “May be suitable for applications requiring ultra-pure grades, such as some core components of nuclear reactors.” Shares in the company traded heavily… Continue Reading