Rubicon made deep cuts to resources at its Phoenix gold project and signaled the end to its ambitions to bring the deposit, which has seen near $1 billion in exploration and development spent on it, to production. A revised resource, updating a 2013 estimate, paints a dramatically different picture of the Phoenix project, in the… Continue Reading

Excerpted with permission from Brent Cook’s Exploration Insights newsletter Before discussing the recent results published by Rubicon about its Phoenix project, it is important to state that every mineral resource estimate has risks associated with its accuracy. Most informed investors know that some of these risks are highlighted by placing the estimated tonnage of mineralization… Continue Reading

Independent mine consultant Tim Oliver described Rubicon Minerals’ Phoenix mine as “toast” in CEO Chat on Oct. 5 and this morning he appeared on BNN to elaborate. Shares of Rubicon Minerals (RMX-T) have been hammered, dropping from $1 to 0.20 in the past month after environmental problems, a temporary shutdown order and finally, Tuesday’s announcement… Continue Reading

Two announcements this morning from Red Lake gold developer Rubicon Minerals that could make it a lively day for the company’s shares:  CEO Michael Lalonde “has left the company” and the Ontario environment ministry has ordered a shutdown of mill operations at the company’s Phoenix gold project while it deals with tailings and ammonia problems.… Continue Reading

The Market Vectors Junior Gold Miners ETF (or GDXJ) is an ETF administered by Van Eck and created to replicate the Global Junior Gold Miners Index which is a basket of small-cap gold exploration, development and production companies.  The GDXJ tries to maintain an average market cap of its holdings above $150 million. According to recent… Continue Reading