A look at a few mining headlines out this morning. Premier Gold and Barrick Gold hit high-grade gold at the South Arturo project in Nevada Initial drill assays from Kaizen Discovery at the Coppermine project A mining license for Sunridge Gold Premier Gold (PG:TSX) and Barrick Gold (ABX:TSX) – Impressive assays from the South Arturo project… Continue Reading
Positive sentiment continued in the mining sector this week, despite most commodities failing to maintain last week’s price rally. In what could be viewed as the turnaround the mining sector has been waiting for, investors were relieved that metal prices stabilized – as opposed to previous metal price rallies of late that have remained short-lived,… Continue Reading
With economic weakness in the U.S. pushing a likely rate hike out to next year (at the earliest), gold continues to show signs of life. The yellow metal was last closing in on US$1,190 an ounce after trading as low as $1,080 in July. It also didn’t hurt that Paul Singer of Elliott Management… Continue Reading
Over at chat.ceo.ca – our web start-up around financial chat, we’re testing out some new features this morning. Popular Users have been asking us for a way to filter the most popular chats. With the new #Popular tab, you can quickly catch up with what matters in our community. Messages with at least three unique… Continue Reading
A look at this morning’s news includes production results from Fortuna Silver, Argonaut Gold, and St. Andrews Goldfields. Production results are important as they can help savvy investors get an idea about upcoming financials. Also in the news is a takeover of Carlisle Goldfields by Alamos Gold. Fortuna Silver (FVI:TSX) – Fortuna operates two mines, San Jose in Mexico… Continue Reading
This morning I take a look at third-quarter production results from Lake Shore Gold and Endeavour Mining. Lake Shore Gold – (LSG:TSX) – Lake Shore is out with another strong quarter at the Timmins West and Bell Creek Mines in Ontario. Production for the third quarter was 40,600 ounces at 4.0 grams per tonne. Lake… Continue Reading
I used to track the number of natural gas rigs, but then things changed… The common assumption was that more rigs would equal higher production. Makes sense, right? Except it did not work out that way. Although the rig count has fallen, production has not disappeared and natural gas prices have remained low. $2-3 per… Continue Reading
The Athabasca Basin is back in play after a planned merger between Denison Mines and Fission Uranium fizzled, the companies announced this morning. Two-thirds approval was required from Fission shareholders but they shot down the much-criticized all-share deal, which had dragged down the stocks of both companies since it was announced July 6. News release:… Continue Reading
It was a positive week for commodities, with all metals moving upward. Precious metals received a boost after the release of the minutes from the Federal Reserve’s meeting in September, painting a more dovish tone and putting the possibility of an interest rate rise in 2015 into doubt. In turn, the US dollar fell against… Continue Reading
Pebble deposit developer Northern Dynasty Minerals this morning announced the purchase of Mission Gold, David Lowell’s vehicle for developing the Alto Parana titanium project in Paraguay. Lowell, an accomplished mine finder who literally wrote the book on copper porphyry deposits with the Lowell-Guilbert Model, is Mission Gold’s chairman and CEO. With Mission Gold comes $9… Continue Reading
News releases that caught my eye this morning including a silver streaming deal between Franco Nevada and Teck Resources and drill results from Seabridge Gold. Seabridge Gold – (SEA:TSX) – Good news for Seabridge shareholders this morning as the drill bit continues to intersect mineralization at the monster KSM project in northwestern British Columbia. This is… Continue Reading
The Athabasca Basin in northern Saskatchewan was the focus on Bay Street in Toronto Tuesday at a sometimes-tense shareholder town hall meeting about the merger of Fission Uranium and Denison Mines. Live chat thread from today’s event starts here. Many Fission shareholders oppose the deal, feeling neither the timing nor the price was right. One… Continue Reading
James Fraser here … I am back from my 3 weeks of mineral exploration work in Northern British Columbia. It was great to get out in the field and do some Induced Polarization (IP) and soil sampling work. Tuesday morning news includes more excellent drill holes from Mariana Resources. Mariana Resources (MARL:AIM) – Mariana has… Continue Reading
Via Energy and Gold.com: The gold miners (GDX) have rallied ~15% in the last three trading sessions and as measured by % above its upper Bollinger Band GDX is just about as short-term overbought as it has ever been: GDX (Daily) What does this mean? Well, judging from recent history it means that GDX is within 1-2… Continue Reading
It was a bad start to the week for a number of top multi-commodity miners on the back of persistently low base metal prices. Copper in particular fell last week from just under $2.45 per pound down to as low as $2.22 per pound in intraweek trading on Tuesday (this week), before rebounding late in… Continue Reading
