“The proper use of capital allocation is to maximize long-term value per share.” That’s according to Ralph Aldis, USGI’s resident gold expert and, since 2001, portfolio manager of our two precious metals funds—Gold and Precious Metals Fund (USERX) and World Precious Minerals Fund (UNWPX). In a recent Gold Report interview with Kevin Michael Grace, Ralph… Continue Reading

ENERGY Shell will buy BG Group for $70 billion in cash and shares (Bloomberg) DeeThree Exploration split to produce Boulder (growth co) and Granite (dividend co) (Calgary Herald) “Oil and the loonie are both probably near lows and look to move up from here.” (Jim Rickards) Has Leucrotta Exploration Inc. turned the corner? (CEO) Iona Energy… Continue Reading

Toronto-based Trimark Resources Fund portfolio manager Norman MacDonald participated in an online Q&A with the Globe and Mail earlier today. The portfolio manager, who oversees more than $154 million in natural resources-based investments, expects more volatility in the resources sector in the near term. Mr. MacDonald considers the recent oil and gas correction as one of the… Continue Reading

As cyclicality in natural resource markets expresses itself in earnest, Adrian Day, of Adrian Day Asset Management, was kind enough to share a few comments on symptoms of resource market tops and bottoms. Reflecting on nearly 35 years of experience in the resource business (starting as an editor-turned-money manager), Adrian noted that one must realize,… Continue Reading

Lake Shore Gold – (LSG:TSX) – Lake Shore Gold is one of the first companies out with first quarter results. The company had record production of 53,000 ounces in the quarter. Production was helped by having an average grade of 5.7 grams per tonne. LSG continues to generate free cash flow and in my opinion… Continue Reading

Management at the TSX Venture Exchange would probably appreciate it if Tony Simon just shut his mouth for a while. Can the once-mighty TSX Venture Exchange be saved? Canada’s junior stock market is in crisis. Hundreds and hundreds of companies can’t raise money, do anything productive to create shareholder value, or get anyone to trade… Continue Reading

The week before last I was in Melbourne, Australia, attending a conference for chief executives from all over the world. While there, I spoke with many of my peers about the airline industry, which is currently in a­ three-year bull run as measured by the S&P 500 Airlines Index. I was surprised to learn that… Continue Reading

Headlines via: CHAT.CEO.CA Good morning, I hope everyone had a relaxing long weekend. Lets take a walk around the web, shall we? Gold is higher Monday slightly (spot price to my right).  ‘Gold has been the worst investment of my career, but I am still buying’ – Newton Real Return (Telegraph). Premier Gold Enters Into Agreement… Continue Reading

Via Energy and Gold.com: For most of my adult life I have been a social drinker who has experienced infrequent occasions of binge drinking. Some of the binge drink occasions ended quite disastrously as they usually do, however, still it was not enough to cause me to permanently put down a drink. That was until… Continue Reading

The continued implosion of iron ore prices gained momentum this week as steel prices continue to sink on weak demand/supply fundamentals. Iron ore supply from the ‘Big 4’ producers has ramped up significantly over the past 3-years in response to an explosive rally in prices that peaked in February 2011, when the Platts IODEX price… Continue Reading

Doug Casey: Signs of a Resource Sector Bottom By Doug Casey Interviewed by Louis James, Editor, International Speculator L: Well, Doug, we’ve seen another quarter of high volatility and significant world events. What strikes you as most important at present? Doug: Everything is still held together with chewing gum and baling wire, for which I’m grateful, considering what’s… Continue Reading

Pretivm Resources – (PVG:TSXV) – A very important step in the moving the high grade Brucejack project forward to production was announced this morning with a signed agreement between Pretium and the Nisha’a Nation. The deal will be a win/win for both parties under the agreement with the Nisga’a Nation providing support for the development… Continue Reading

Market Chat with Allan Barry Laboucan and Pat Boland. Featuring today’s special guest: geologist and mining entrepreneur Rob McLeod. The gentlemen discuss prospect generator junior mining companies including Milrock Resources, Kaizen Discovery, and Virginia Gold Mines. The topic stems from an article McLeod authored last week about the current state of the junior mining industry (link… Continue Reading

  A look at my favourite mining news releases out this morning. Torex Gold – (TXG:TSX) –  Torex Gold released 2014 year end financial results this morning. Torex is a single asset company who owns the El Limon Guajes project in the Guerrero Gold Belt in Mexico which was purchased from Teck 5 years ago.  The… Continue Reading

Here is my presentation from the Feb 28, 2015 Subscriber Investment Summit (SIS) in Toronto and this is what I talked about: When will junior mining turn around? What the world’s best minefinder Dave Lowell taught me about exploration Some groundrules for not getting fooled in the venture stock market How babyboomers in the mining… Continue Reading