TORONTO – The former chief executive of Centerra Gold Inc. is lashing out at Canadian authorities after his arrest last month in Bulgaria on corruption allegations he says are unfounded and simply an attempt to sway current negotiations around a gold mine. “My situation here is, in my opinion, pretty dire,” Len Homeniuk said in… Continue Reading

Via Energy and Gold.com: The most widely followed commodities index, the CRB (Reuters/Jefferies Commodities Index), closed below its 2009 Global Financial Crisis low last week:    (The CRB closed even lower today due to declines in crude oil and copper) An interesting excerpt from a recent Morgan Stanley research note: “We also think it’s important to… Continue Reading

A look at a few of the mining press releases that caught my attention this morning. Dalradian Resources – (DNA:TSX) – Dalradian has provided a corporate update as well as financials for the second quarter. A strong working capital position of ~$33.5 million at June 30th remains as Dalradian proceeds with development work at the Curraghinalt gold… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors First it was the U.S. Federal Reserve. Then, in 2013, Japan launched what became known as Abenomics. The European Central Bank (ECB) followed suit in 2014. And now the People’s Bank of China has joined the parade.   All of them in some way… Continue Reading

Precious metals, particularly gold, received a welcome boost early in the week after the People’s Bank of China (PBOC) unexpectedly lowered the reference rate of the yuan, a move that drew further criticism from the U.S.; China’s manipulation of the yuan has been viewed as a means to protect exports; however, China have argued the… Continue Reading

Via TimOliver.us: Note to Readers: This is the July 26, 2015 Issue of Brent Cook’s Exploration Insights. “EI” is the premier newsletter devoted to early discovery, high-reward opportunities, primarily among junior mining and exploration companies. I occasionally contribute articles to Brent’s weekly newsletter. My articles focus on the engineering aspects of early stage mine development… Continue Reading

Exploration activity in the resource sector is down dramatically. Some of the world’s top exploration geologists are calling this an ideal time to shop for new prospects. With fewer junior resource companies around, it’s easier to get your hands on some of the most coveted exploration targets, they believe. Tekoa Da Silva took our recent… Continue Reading

Via Energy and Gold.com: Stocks have gotten whacked in the last 24 hours with the S&P 500 falling more than 40 points from high to low. The daily chart of the S&P (SPY) shows a potential breakdown from a pennant pattern which has formed during the last 6 weeks:   The crucial level to watch… Continue Reading

A look at news out this morning from First Majestic Silver and Fission Uranium with some additional comments added. First Majestic Silver – (FR:TSX) – First Majestic Silver is out with second quarter financials. Net loss for the quarter came in at $2.6 million ($0.02 cents per share).  Production for the quarter was 2.7 million ounces… Continue Reading

There’s no other way to put it: Commodities took it on the chin last month. July was the seventh worst performing month for the S&P Goldman Sachs Commodities Index, going back to January 1970. Crude oil saw its steepest monthly loss since October 2008. Both copper and aluminum touched their lowest levels in six years.… Continue Reading

An Open Letter to All Elected Members of the Legislative Assembly of British Columbia Venture Capital is all about speculative investing Innovation and determination for discovery leading to jobs BC has a well earned reputation for raising venture capital, particularly with companies involved in mineral exploration, where BC companies have accounted for about 60% of worldwide… Continue Reading

Good morning from Vancouver, Here are a few junior resource and investing headlines from CEO.CA Chat: Paladin Energy founder John Borshoff has stepped down after 21 years at the helm of the embattled uranium producer. With approx $530 million USD in long term debt (versus $282 million market cap), Paladin has struggled in the post… Continue Reading

A look at a few mining headlines out this morning that caught my eye with some additional comments on each. Pretium Resources (PVG:TSX) and Teuton Resources (TUO:TSXV) – The old saying in real estate is location,location, location! The same can be said in mining that the best place to look for a mine is in… Continue Reading

It seems like an eternity since the S&P/TSX Venture Index pierced the 2,450 mark in March 2011; since then it has collapsed almost 2,000 points, or over 75%, as junior mining equities tumbled in response to falling commodity prices, headlined by gold’s fall from $1,900 per ounce in July 2011 to below $1,080 per ounce… Continue Reading

By Henry Bonner ([email protected]) Is this what a market turn feels like? “Great opportunities in natural resources occur once per decade,” Rick Rule explained at the Symposium. “They occur at the bottom of a ‘bear market.’ “And this ‘bear market’ is the most severe that I have seen since the mid 1980’s. That suggests a… Continue Reading