OAO Uralkali CEO Vladislav Baumgertner is being detained in Belarus.  Baumgertner is also the Chairman of the Belarusian Potash Co (a trading venture set up by Russia’s Uralkali and Belaruskali and controlled 40% of global potash exports) and is accused of abusing his position after Uralkali shocked the markets by stating it would be quitting the… Continue Reading

Shares in Petromanas Energy (TSX-V:PMI) are up approx. 65% since the Calgary-based, Albania-focused oil and gas explorer announced an operational update and Q2 results last Thursday. Petromanas is exploring Blocks 2-3 in Albania with super-major Shell (75%). At the Shpirag-2 target (pictured), PMI intends to conduct a controlled test of approximately 350-400 metres of the… Continue Reading

US equity markets are experiencing capital inflows from around the world for three fundamental reasons: 1) A strengthening currency 2) Growth on the margin; and 3) Capacity. These three characteristics make US equities as extraordinary as an honest politician, and are the basis of an extremely compelling case for US Growth and Consumption stocks as… Continue Reading

Last week I bought some Ivanplats at $1.56 thinking it was too beaten up for the calibre of people and projects it has. Summer months are also historically the best times to pick up junior mining shares. I also just learned that IVP Chairman Robert Friedland (who owns some 135 million IVP shares) will be… Continue Reading

Dr. Mark O’Dea’s True Gold Mining (TGM:TSX) continues to have drilling success at its Liguidi project in Burkina Faso and is being rewarded in the markets for it, with the stock up 15% at the time of writing.  The company released more assays from its current drill campaign which returned “widespread near-surface gold mineralization and expanded… Continue Reading

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) released assays on five more holes at their PLS discovery in the Athabasca Basin, Saskatchewan.  The strike length of R390E zone has doubled since the 2013 winter program started to over 120m of strike.  The highlight of this batch of results was a 47m interval of mineralization including… Continue Reading

The garage sale is well underway over at Barrick (ABX:TSX).  The company has agreed to sell its Yilgarn South Assets in Australia to Gold Fields (GFI:US) for a $300 million.  The Yilgarn assets are comprised of three mines; the Granny Smith, Lawlers and Darlot mines which produced an aggregate of 452,000 ounces of gold at… Continue Reading

Serafino Iacono’s Gran Colombia Gold. (GCM:TSX) announced continued strong production out of its underground operations at Segovia and Marmato in Colombia. The company produced 9,441 ounces of gold and 10,784 ounce of silver in the month of July which brings year-to-date production to a total of 60,942 ounces of gold and 89,201 ounces of silver.… Continue Reading

Torex Gold (TXG:TSX) released the final batch of results from its Media Luna target at the Morelos Gold Project in the Guerrero Belt in Mexico.  The company expects to release a maiden resource by mid-September on the Media Luna zone.  Highlights of the final holes include 19.9m of 11.56 gold equivalent (8.17g/t gold, 24.53g/t silver and… Continue Reading

“Petroamerica Oil Corp. (TSXV:PTA) has released the results from its Las Maracas-10 development well, which tested under natural flow, light 29.8-degree API oil at an average rate of approximately 1,000 barrels of oil per day from the Gacheta formation. The Las Maracas-10 development well was specifically targeting attic oil in the main Gacheta reservoir, however,… Continue Reading

Dr. Mark O’Dea’s True Gold Mining (TGM:TSXV) continues to drill good heap leach gold intercepts and this morning announced assay results from a recent 9 hole campaign at the Watinoma zone of the Karma gold project in Burkina Faso.  The company twinned a couple previously drilled RC holes and encountered the same widths with improved… Continue Reading

In the world before Brazilian billionaire, Eike Batista fell from grace, CB Gold (CBJ:TSXV) was a market favorite.  Prior to Batista losing the vast majority of his wealth due, in part, to the commodity price decline as well as some unhealthy personal leverage, Colombian gold juniors had a bid.  In February 2011, after a few… Continue Reading

After successfully acquiring the Masbate Mine as part of their buyout of CGA Mining, it appears Clive Johnson and his team may be looking for more assets to buy.  This morning B2Gold (BTO:TSX) announced a US$225 million offering of senior subordinated convertible notes due in 2018.  The company currently has $95 million cash with an additional $100… Continue Reading

By James Kwantes, World of Mining Rebalancing, Part 2: Signs of life (click here for part 1) In my last post, I detailed the positions that I’ve sold (Amerigo Resources, Sandstorm Gold/Metals & Energy) or dramatically reduced (Lumina Copper) in the past couple of months. This post takes a closer look at stocks I’ve purchased… Continue Reading

NexGen Energy (NXE:TSXV) has started a 3,000m drill program on their Rook I property which is located next door to Alpha/Fission’s PLS project (see recent drill results here). NexGen has already completed aerial VTEM and magnetics as well as ground gravity testing. The exploration team at NexGen, led by Andrew Browne, has already defined a… Continue Reading