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
Want to take advantage of the resource sector downturn? Find a billionaire backer and a management team from a top tier producer… Warwick Smith’s Western Pacific Resources (TSXV:WRP), a Vancouver-based junior miner with a $3.3 million market cap, has raised $10 million via a convertible debenture, and an additional $8.5 million via a base metals streaming agreement… 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
[audio:https://c03c06.p3cdn1.secureserver.net/wp-content/uploads/2013/11/Mark-ODea-Podcast-Nov-15-2013.mp3] Track record is everything in junior mining. Mark O’Dea took Fronteer Gold from a $1 million shell in 2001 to a diversified mine developer that sold for $2.3 billion to Newmont in 2011. The Vancouver-based, 45-year-old Newfoundland-born geologist also created Aurora Energy in 2006, and sold its Labrador uranium assets for $260 million to… Continue Reading
Doug Forster’s Newmarket Gold Inc. (TSXV:NGN) may be a breath of fresh air to Canada’s mining sector. The company has experienced executives touting optimism and looking for acquisitions in a gold mining market where few buyers exist. Then again, it could end up another failed TSX-venture shell, waiting on the shelf for the next dream… 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
THE CALANDRA REPORT: Subscribe $91 yearly TIBURON, CALIFORNIA — GOLD STANDARD VENTURES shares in Canada and the USA, along with an ancillary listing in Germany, are rising smartly this week. As much as 50 percent in several days for GSV (in Canada and USA and 6AZ in Germany). This is a heady move that is linked… Continue Reading
