People-projects-capital are the three pillars of the mining business, according to Teck Resources founder Norman Bell Keevil. The formula is a simple but effective high-level filter to identify promising early-stage mining opportunities. I was reminded of the formula with the emergence of Brian Paes-Braga as the CEO of Royce Resources, a new lithium exploration play.… Continue Reading

RENO, Nevada — ​Mac Jackson is Gold Standard Venture’s exploration chief. Like the Nevada prospector’s CEO, he and his co-workers are youngish — late 30s, early 40s. I imagine most of them were not born when the Carlin Trend “became” a gold trend in Nevada sometime in the 1960s. Gold Standard Ventures’ ​latest reverse-circulation drill… Continue Reading

The M&A markets in the resource sector have been hot so far this year with Goldcorp’s hostile bid for Osisko holding the top spot.  This morning, the Toronto-based private equity firm, Waterton Global Resource Management announced it has made a hostile bid for all of the shares of Chaparral Gold (CHL:TSXV) for $0.50 per share… Continue Reading

Recently, we had the pleasure of sitting down with two of exploration geology’s brightest young stars; Dr. Alan Wainwright and Daniel MacNeil.  Dr. Wainwright (Chief Geologist) and Mr. MacNeil (Project Acquisition and Development) allowed us to visit them in the humble Vancouver offices of their current venture, Desert Star Resources (DSR:TSXV). Mr. MacNeil has over… Continue Reading

Vista Gold is currently working on progressing the environmental permitting of their Mt Todd project in Northern Australia.  The company burns roughly $1 million per month and was sitting on just over $4 million in cash as of September 30, 2013.  It seems, the company has evaluated its options for raising funding to continue the development… Continue Reading

Late last night, Silver Standard Resources (SSO:TSX) announced it has entered into an agreement with Barrick and Goldcorp to acquire their producing Marigold mine in Nevada for $275 million.  The mine is owned 66.7% and 33.3% by Goldcorp and Barrick, respectively.  The mine produce 162,000 ounces of gold in 2013 and is expected to produce between… Continue Reading

This morning, $6 million market cap junior, West Kirkland Mining (WKM:TSXV) (halted at open)announced they intended to acquire Allied Nevada Gold’s (ANV:TSX) Hasbrouck gold project in Nevada for $30 million.  The deal is subject to West Kirkland being able to obtain the necessary financing.  According to their third quarter financials, West Kirkland had less than… Continue Reading

A few notes from my friendly conversation with Kitco’s Alex Letourneau yesterday: M&A has been seen as a critical catalyst to get the junior mining sector going so I’m glad Goldcorp’s made a move on Osisko and I agree with the market that Goldcorp will sweeten their bid. The China Gold Stone Mining Development /… Continue Reading

The Nevada gold developer, Midway Gold (MDW:TSX), has broken ground at their Pan project after receiving the final environmental permit from the authorities south of the border.  This morning the company announced that they have broken ground and that construction is now underway at Pan.  They expect the build out to take less than 9 months… Continue Reading

The China Gold Stone Mining Development tender offer for Allied Nevada appears to be bogus. Allied Nevada just put a press release out calling into question the credibility of the offer. Newswires have begun removing the original release from their Web sites following a retraction from China Gold Stone citing a failure to consult counsel… Continue Reading

CRITICAL UPDATE: Allied Nevada has called into question the credibility of the offer from China Gold Stone Development… ANV data by YCharts China Gold Stone Mining Developments Ltd., which owns three gold mines in China, began a tender offer for all of Allied Nevada’s outstanding shares for $7.50 per share in cash. The move represents… Continue Reading

CEO.ca audience, we exhibit several items direct from The Calandra Report. Thom Calandra will be visiting CEO.ca regularly. His TCR audience is active and pays as much as $101 yearly for the twice-weekly TCR reports, Each of the following items should serve an audience looking for a short fuse on a trade. Our CEO.ca audience… 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

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