Mining mogul Ross Beaty has decided not to move forward with a $5 million exploration joint venture with Magellan Minerals and a private company to explore areas of Brazil’s Pocone gold belt. Tuesday evening Magellan announced that the March 3, 2014 agreement with Mr. Beaty, a successful and closely followed natural resource investor, had been terminated. Commenting… Continue Reading

Colombian copper-gold explorer Cordoba Minerals was mentioned in PI Financial’s latest Digging Through The Dirt (DTD) newsletter, which is authored by Bill Whitehead, Senior Vice President & Senior Investment Advisor, Adam Simmons, Ph.D. Geology, Investment Advisor, and Justin Hayek, CIM, Investment Advisor. Cordoba Minerals – CDB-v You will recall that in previous issues of DTD we outlined a… Continue Reading

Founder and chairman of Continental Gold (CNL:TSX) Bob Allen will step back from the wheel of the company that he helped turned into Colombia’s most valuable junior gold developer, the company announced Monday. A pioneer in Colombian mining, Allen started Continental in 2007 as a privately held, Bermuda-based outfit, landing on the TSX in 2010… Continue Reading

Toronto-based Continental Gold (TSX:CNL) released a corporate update Thursday afternoon showing strong operating results for the year 2013, including 59,109 metres of drilling (adding to 215,300 metres for the project total), discovery of several new veins, four new precious metal-mineralized systems and – oh yeah – $117.5 million in hand with no debt to service. In… Continue Reading

One of the most undervalued junior oil companies announced an update with mostly good news this morning, and a little bad. Petroamerica Oil Corp. (TSXV:PTA), which trades at less than 1.4x cash flow, produced an average of 6497 barrels of oil per day for the month of February, and 6,453 barrels of oil per day… Continue Reading

Lukas Lundin’s base metals explorer, NGEx Resources (NGQ:TSX) this morning released seven of fourteen holes from their 2013/2014 field season at their Josemaria project in Argentina.  The focus of their 7,302m program was to define the high-grade supergene zone near the north end of the project and to test a possible extension there. Two of… Continue Reading

TCR first flagged the idea of a Nelson Mandela platinum coin in early November 2013. Now, the coin idea is in the news. See: Mandela Platinum Coin A platinum coin memorializing Nelson Mandela could mesmerize Mandela fans and use 1 million ounces of the metal a year, platinum executives in South Africa estimate. Some mints… 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

GCM data by YCharts Shares of Gran Colombia Gold (GCM:TSX) which came under severe pressure last year on the back of a dramatically dropping gold price and questions about their solvency, are up over 127% in February as the street feels the short squeeze.  Investors gained confidence in gold and gold equities in the early… Continue Reading

Simon Ridgeway’s Cordoba Minerals (CDB:TSXV) has begun its 2014 exploration efforts with the mobilization of a RAB (rotary air blasted) rig to begin drilling their Montiel prospect on the San Matias project in Cordoba, Colombia.  The company recently closed a $15 million (expanded from $12 million) financing to consolidate the San Matias project as well… Continue Reading

There are many interesting things about Hudbay’s takeover offer for the 84% of Augusta Resource that it doesn’t already own – an offer that has breathed a bit more life into a moribund mining M&A scene that is slowly reviving. Augusta is developing the advanced-stage Rosemont copper deposit southeast of Tucson, Arizona, which is projected… Continue Reading

“Blast you Excel!!” While Kenneth Rogoff took his lumps last year due to an enormously inexcusable excel error, this former Chief Economist for the IMF and co-author of This Time Its Different: Eight Centuries of Financial Folly is still a voice to be reckoned with.  As part of Project Syndicate’s cleverly-titled-no-pun-intended “Submerging Markets” series, Rogoff… 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

This morning, Continental Gold (CNL:TSX) released another batch of 13 drill holes as well as underground sampling from the Yaragua vein at the company’s Buritica gold project in Colombia.  The company has resumed 2014 drilling and is aiming for an updated NI 43-101 resource estimate which should be released this quarter.  The market is waiting… 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