A morning post on some of the top mining news releases out this morning and my thoughts on each. True Gold Mining – (TGM:TSXV) – True Gold has restarted construction at the Karma project in Burkina Faso. First gold pour is expected 10 months from now in March 2016. Site clean up and some repairs… Continue Reading
Globe and Mail capital markets reporter Tim Kilazde published a fun new interview with Michael Lee-Chin this morning. Mr. Lee-Chin, who became a billionaire building mutual fund manager AIC Ltd., which sold to Manulife in 2009, thinks regular investors should invest in private asset classes. “There is an absolute ‘dysfunctionality’ that is perverse and universal and systemic in… Continue Reading
Earlier this week, I had the pleasure to appear on Jim Puplava’s Financial Sense Newshour radio program and discuss the state of the gold market. Along with my peers John Doody of the Gold Stock Analyst and Ross Hansen of Northwest Territorial Mint, I shared my thoughts on how we arrived in the current bear… Continue Reading
Listen to full audio (Mp3) > Read online > Rick Rule, Chairman of Sprott US Holdings, sat down with Tekoa Da Silva to discuss his early experience investing in natural resources. What lessons did he learn from those early days? What are some of the principles for investing in individual companies, not just commodities as… Continue Reading
Via Energy and Gold.com: The EUR/USD currency pair is fast approaching a key technical crossroads : The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also easily discern a fairly clean bottoming pattern similar to a complex… Continue Reading
News on Friday includes Q1 financials from Osisko Royalties and B2Gold. Osisko Royalties (OR:TSX) – First quarter net earnings of $10.2 million (15 cents per share) for Osisko royalty shareholders. The $10.6 million in revenue was all from the 5% NSR royalty held on the Canadian Malartic Mine. Revenue from Goldcorp’s newly producing Eleonore mine have… Continue Reading
Thoughts from a few of my favourite mining news releases out this morning. Asanko Gold – (AKG:TSX) – Asanko is out with pre feasibility results for a Phase 2 expansion at the Esaase project in Ghana. Phase 1 (Obotan) is currently under construction and is fully permitted and financed with production expected in Q1 2016. The economics… Continue Reading
A look at two junior gold producers this morning with some additional comments on each. Semafo – (SMF:TSX) – Semafo is out with Q1 results reporting a net loss of $8.1 million (3 cents per share). Gold production came in at 65,200 which included a planned 5 week shut down of the SAG mill. Semafo reported… Continue Reading
Roy Sebag and Josh Crumb started their business with one simple guiding principle. “We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card,” Sebag said in an interview. “It went from being a hobby of how to do that to this whole… Continue Reading
Seabridge Gold – (SEA:TSX) – Seabridge Gold has released exploration plans for the 2015 season at the huge KSM project in British Columbia. Drilling this summer is fully funded (20,000m) and will test three areas Mitchell, Deep Kerr, and Iron Zone in hopes of finding additional mineralization. Drilling will begin at the Mitchell deposit in… Continue Reading
From CBS News: Robert Ballard has embarked on a new wave of American exploration, inspired by the epic journey of Lewis and Clark more than 200 years ago. This time, it’s not over land, but in a part of the country that lies in the deep sea. You may know Ballard as the man who… Continue Reading
A few interesting mining news releases this morning. Here are my top stories of the day with additional comments provided. Midway Gold (MDW:TSX) – Midway Gold is out with an updated resources estimate at the newly producing Pan mine in Nevada. Midway has just started initial production at the mine and ~4300 ounces have been produced so… Continue Reading
A look at my top press releases in the mining world this morning. Luna Gold – (LGC:TSX) – Fantastic news for struggling gold company Luna Gold shareholders this morning announcing a $20 million debt and $10 million dollar equity financing with Pacific Road Resources Funds. LGC is not out of the woods yet though as… Continue Reading
I can’t believe how I’ve gotten away with what I’ve gotten away with even though I’m so stupid. I was having a weird argument yesterday with my ex-wife. I was trying to say, “I’m stupid” so she was disagreeing and accusing me of lying. So I kept insisting. “I got bad grades all through high… Continue Reading
A look at headlines that caught my attention today and some additional thoughts on each company. Golden Star Resources – (GSC:TSX) – Golden Star is a company I used to track a few years back but lost interest in due to high costs. This morning GSC announced a significant transaction with Royal Gold (RGL:TSX) completing a… Continue Reading
