US Oil Sands Inc. (TSXV:USO), which holds the largest commercial oil sands land position in the U.S., has announced a strategic 80 million dollar private placement today at .15 cents, representing a 49% premium to the 20 day volume weighted average trading price of the Company’s common shares. Blue Pacific Investments Group Ltd., Anchorage Capital Group LLC… Continue Reading

IAMGOLD (IMG:TSX) has, with its JV partners AngloGold Ashanti (40%) and the government of Mali  (20%), decided to suspend mining at the Yatela mine in Mali effective September 30, 2013.  The company noted that they will begin dismantling the mine at the end of September, however, processing of leach pads and ore already mined will… Continue Reading

Torex Gold (TXG:TSX) put out its highly anticipated maiden resource at its Media Luna target, south of the river at its Morelos gold project in Guerrero State, Mexico.  The company announced an initial inferred resource comprised of 39.9 million tonnes at 2.63g/t gold, 24.46g/t silver and 0.97% copper which equates to 5.84 million gold equivalent… Continue Reading

PRD Energy (TSXV:PRD), the Canadian based, Germany focused oil and gas exploration company, has encountered drilling difficulties at its Boerger 7Awell. Here’s a link to the news release. “After setting a whipstock at 660m, PRD encountered directional drilling challenges in soft sediments requiring changes to the well plan. The decision has now been made to… Continue Reading

Roxgold Inc. (TSXV:ROG), a Toronto based junior gold company focused on the Yaramoko project in Burkina Faso, has released results from its Preliminary Economic Assessment (PEA) for the 55 Zone on it’s 100% owned Yaramoko permit. The 55 Zone at Yaramoko has 850,000 ounces at 13.88 grams per tonne gold, with 250,000 ounces at 9.88… Continue Reading

As we enter the week of September 16th, 2013 everything appears to be hinging on the FOMC announcement Wednesday at 2pm EST. Chairman Bernanke will hold a press conference at 2:30pm EST which will be heavily parsed, to say the least. For a Fed which has had a major communication problem in recent months, the… Continue Reading

I was able to catch up with billionaire Ivanhoe Mines (TSX:IVN) Executive Chairman Robert Friedland in Toronto yesterday. The Singapore-based mining legend was in Toronto this week to announce the launch of Ivanhoe Pictures, a new film and TV finance and production company, and to host the first investor presentations for his Ivanhoe Mines after… Continue Reading

Quietly yesterday, Serafino Iacono’s Gran Colombia Gold (GCM:TSX) announced it had grown production month-over-month to 9,988 ounces of gold in August (from 9,441 ounces in July).  These ounces come from the company’s underground mining operations in Colombia at their Segovia and Marmato mines.  The company has produced 70,939 ounces so far in 2013 with the… Continue Reading

Micro cap zinc explorer, Messina Minerals (MMI:TSXV) agreed to be acquired by Canadian Zinc (CZN:TSXV) for shares.  Messina shareholders will receive 1 shares of CZN for each 5.9 shares they hold of MMI which values MMI at around $0.115 per share.  This equates to an approximate 190% premium to the last close of $0.04 per… Continue Reading

Oceanic Iron Ore (FEO:TSXV), the small cap iron ore developer, has received the results of a shipping optimization study to determine whether the benefit justifies the costs of year round shipping from the Company’s Hopes Advance project located in the Canadian Arctic. The study includes direct shipping during summer months and transshipment during winter months.… Continue Reading

Sulliden Gold (SUE:TSX) has cleared the final hurdle at its Shahuindo gold and silver project in northern Peru by receiving an ‘okay’ for their Environmental Impact Assessment.  With this milestone complete, after an 18 month permitting process, the company expects to begin construction within 30-60 days (once final project finance package completed).  The construction will… Continue Reading

Western Copper and Gold Corp.’s Casino deposit in the Yukon contains 18 million ounces of gold and 10 billion pounds of copper. WRN CEO Dale Corman delivered 20 fold returns to investors between 2001-2006. Can he do it again? Western Copper and Gold Corp. has approved this story. Please read their Cautionary Statement. In a bear… Continue Reading

In April of this year, Mexico’s Economics Committee in the Chamber of Deputies approved a proposed new 5% mining royalty tax.  Over the weekend, the Executive Branch of the Mexican federal government presented its 2014 Tax Reform proposal which included new mining specific federal royalties.  These included a Special Mining Royalty which is a 7.5%… Continue Reading

Cambridge House International, Canada’s junior mining advocates, are hosting the FREE Toronto Resource Investment Conference at the Sheraton Centre Hotel this Thursday and Friday (Details and Registration). Join financiers Ned Goodman of Dundee Corp., Eric Sprott of Sprott Inc., Frank Holmes of US Global Investors, along with newsletter writers including Keith Schaefer of the Oil and… Continue Reading

Pilot Gold (PLG:TSX) released further assay results from their TV Tower project in Turkey.  This round of drilling focused on near-surface silver-only mineralized zone near the KCD target.  Step-out drilling highlights include hole KCD-151R which hit 91.5m of 90.2g/t silver including 34.5m of 176g/t silver.  Hole KCD-149R intersected 61.5m of 43.6g/t silver.  The company also… Continue Reading