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
Silver has spent the last 10 weeks forming a wide bottom amid bullish momentum divergences and increasing signs of accumulation: Click to enlarge This bottoming pattern also happens to have formed during a period which saw the most depressed public sentiment towards silver in over a decade: Via The Daily Gold Meanwhile, the gold/silver ratio… Continue Reading
The most interesting aspect of today’s nearly $20 gold rally was the fact that other metals appear to still be stuck in neutral while gold and stocks rocket higher: Click to enlarge Copper Daily Silver Daily Platinum Daily While silver has a mix of industrial and investment uses, copper and platinum are almost exclusively industrial… Continue Reading
Late last night, Hudbay Minerals (HBM:TSX) announced it was making an unsolicited offer for the remaining shares of Augusta Resource Corp (AZC:TSX). Hudbay is offering 0.315 (~$2.96 per Augusta) of its shares for each share of Augusta representing a 62% premium to the 20-day VWAP and an 18% premium to Friday’s close. The offer values… Continue Reading
CTT data by YCharts Citation Resources Inc. | CTT:TSXV | 39,019,287 Shares O/S (basic) | $2,731,000 Market Cap | $.02 – $.14 Year Range | $.07 Last Trade There are numerous mineral belts endowed with many millions of ounces of silver and gold throughout Mexico. However, none are more prolific than the Guerrero Gold Belt which is home to a significant amount… 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
Robert Disbrow, the Vice President of Institutional Sales and Director of Haywood Securities Inc and co-founder of former institutional powerhouse firm First Marathon, is acquiring shares of micro-cap silver-zinc explorer Caracara Silver (CSV:TSXV). According to filings, Mr. Disbrow has acquired roughly 2 million shares since September 2013 at prices ranging between $0.065 and $0.025 per… Continue Reading
Pilot Gold (PLG:TSX) has released their maiden resource for the KCD deposit on the TV Tower project. The resource estimate focused on the Kucukdag gold-silver-copper deposit which is the first of several targets on the TV Tower property (40% Pilot Gold/60% Teck Resources). The estimate was divided into a lower gold zone and an overlying silver… Continue Reading
Silver Bull Resources (SVB:TSX) provided investors with a recap of the developments they undertook in 2013 which saw them produce an initial preliminary economic assessment (PEA) at their Sierra Mojada silver-zinc project in Mexico. They also updated the company with their plans for 2014. The company will aim to derisk Sierra Mojada through advancing permitting… Continue Reading
In the following article, we offer our forecast for 2014 including five stock picks from each of our analysts. Compare 400+ precious metals stocks with a Free 14-day Trial to Tickerscores.com. 2014 Venture Forecast The TSX-V will be a stock picker’s market in 2014. In this environment, investors should stay cautious and the focus should remain… Continue Reading
Kevin McArthur’s, Tahoe Resources (THO:TSX), which has endured all of the woes of starting up a precious metals mine in a restless Latin country, announced this morning that it has reach commercial production levels at its Escobal silver mine in Guatemala. The Escobal mine reached 3,000tpd on its way to the design capacity of 3,500tpd. The… Continue Reading
We spend a lot of time focusing on gold, however, its little brother silver is currently in a much more interesting situation from a technical perspective: Click to enlarge There is substantial promise in the silver chart: Strong support clearly exists around and just below the $19 level Bullish momentum divergence at December low ($18.72)… Continue Reading
Precious metals saw some very positive technical developments last week: Click to enlarge Gold Daily Silver Daily Platinum Daily A thoughtful quote from Capital Economics analyst Julian Jessop which we tend to agree with: “The consensus is that the price of gold will grind lower in 2014, at best, as the support from loose… 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
News release: Silver Bull Files Preliminary Economic Assessment Technical Report on SEDAR for the Sierra Mojada Project, Coahuila, Mexico. Related: Silver Bull CEO Tim Barry Discusses Sierra Mojada PEA SVB data by YCharts We seek Safe Harbor.
