The second largest oil producer in Colombia, Pacific Rubiales Energy (TSX:PRE), has agreed to buy light oil producer Petrominerales (TSX:PMG) for $1.6 billion in an all cash deal that represents a 56% premium for PMG shareholders. The transaction also implies a value to Petrominerales of $47,000 per flowing barrel.  Each PMG shareholder will receive $11 per… Continue Reading

“Most great discoveries have to climb a wall of worry and disbelief,” says a geologist who has worked with the Ivanhoe group in Mongolia, R. Edward Flood. “Especially when it comes to Robert Friedland — because all the seasoned investors who follow this sector cannot allow themselves to believe he has done it again.”

President Clinton and Frank Giustra’s Clinton Giustra Enterprise Partnership released a beautiful short film about their Chakipi Distribution Network which has empowered women in Peru to start “last mile distribution enterprises.” President Clinton commented, “At the Enterprise Partnership, we know that when women can participate in an economy, the entire community benefits.” Mr. Giustra tells… Continue Reading

This morning, the Peruvian silver developer, Bear Creek Mining (BCM:TSXV), announced that it has received its Environmental and Social Impact Assessment (ESIA) for the company’s Corani silver-lead-zinc project.  The company will now complete detailed engineering and submit construction permits for the project.  This approved ESIA comes less than one month after the company submitted responses… Continue Reading

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of amalgamating with Ari Sussman’s Sabre Metals, has completed an initial 4 hole, ~575 meter drill program at its San Matias property in Colombia, targeting high grade copper gold porphyry style mineralization, with assays expected in late October. Cordoba’s results are being closely followed by… Continue Reading

This story was first posted at 9:00AM today, and was briefly updated at 8:14PM. Micro cap Vancouver-based junior miner Niocorp Developments Ltd. (TSXV:NB), which is advancing its Elk Creek, Nebraska niobium project, has announced that they have recruited Marc Smith to become the company’s new CEO. Smith was formerly CEO of rare-earths producer Molycorp (NYSE:MCP),… Continue Reading

Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted… Continue Reading

NOT COLARADO — Better than gold? Maybe. The Precious Metals Summit webcast is in gear. This is the Colorado conference that precedes the Denver Gold Group gathering, a larger-company show that starts Sunday evening. The video quality at Precious Metals Summit is good, and the display for about 60-plus companies is indexed accordingly by time slot… Continue Reading

America’s Petrogas (BOE:TSX) announced that it is under ‘strategic review’ (aka it has put up the ‘for sale’ sign).  Shares closed up $0.12 per share (12.5%) to $1.08 on 2.9 million shares bringing the company’s value to $200 million which, after a premium, could fetch $250-$350 million for the whole company. Depending on how this… Continue Reading

NGEx Resources (NGQ:TSX) released an updated resource estimate for its Los Helados copper-gold porphyry project.  The project is a large, low-grade, bulk tonnage copper-gold porphyry system located on a contiguous land package that the company holds in Chile’s Region III.  The company completed an additional 32 holes and over 32,200m which was completed earlier this… Continue Reading

Continental Gold Corp (TSX:CNL) is one of the strongest of the Toronto-based gold juniors (off the top of my head: 5+ million ozs high grade gold inferred at their flagship Buritica project in Colombia, expectation for resource growth, especially at depth, $550+ million market cap, $130 million in cash). Continental expects to file for their… Continue Reading

Source: Karen Roche of The Gold Report  (9/18/13) Many mining companies find themselves in a high-grading dilemma, according to Brent Cook, publisher of Exploration Insights. As companies deplete higher grade reserves, they have to acquire new deposits. But unless you are a geologist, don’t look to NI 43-101s to always give you reliable information about the quality of a… Continue Reading

Another good sign for the resource equity markets; Paul Matysek’s Goldrock Mines (GRM:TSXV) quietly raised $9.24 million by way of strategic investment by Austral Gold (AGD:ASX) consisting of units at $0.80 per share (with an $0.80 warrant).  This represents a 51% premium to yesterday’s closing price.  After closing, Austral will own approximately 15% of Goldrock.  Austral’s… Continue Reading

Clive Johnson is a big, fast-talking ex-rugby player and one of Canada’s best gold mining executives. The 56-year-old has built back-to-back multi-billion-dollar gold companies. His latest, B2Gold Corp. (TSX:BTO), is one of the few gold producers to have delivered for investors over the past five years. Johnson’s contrarian instincts have served him well in a… Continue Reading

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