The Fraser Institute rated the Canadian province of Quebec number one in 2011 for mining companies to operate in. Since then, la belle province has fallen out of the top 10 to rank at 11 last year due to regulation changes which caused certain mining projects to come under scrutiny. Most of the projects that were scrutinized were… Continue Reading
Just a couple of days after announcing a strategic investment and JV agreement with AuRico, Carlisle Goldfields (CGJ.TSXV) has been offered $0.096 per share in an all-cash takeover from Nordgold. Nordgold is a London-listed gold producer that operates nine mines across four countries and produced 924,000 ounces of gold in 2013. It is 84.4% owned by Russian oligarch, Alexey Mordashov. The… Continue Reading
Patient and steadfast uranium investors were given an early Christmas present last week when the Japanese community of Satsumasendai announced approval of the restart of the Sendai nuclear power-plant, the first restart to be approved in Japan since the 2011 Fukushima disaster. In addition, an unusual amount of demand entered the spot market leading up to the announcement of… Continue Reading
Matthew Hornor’s Kaizen Discovery (KZD.TSXV) announced its latest acquisition this morning: Tundra Copper, a private copper explorer with assets in Canada’s tundra. Kaizen made an all stock offer to acquire Tundra and their Coppermine River project, valuing the early-stage explorer at approximately $2.5 million. In the release, Kaizen also announced that they staked 3,320 square kilometres of land and applied… Continue Reading
The massive Republican sweep in the US midterm elections has opened the door for the Keystone XL Pipeline bill to finally be approved by Congress and signed by the President. There is even a possibility that Senate Democrats will push the Keystone Pipeline bill through before Christmas in order to help out Louisiana Senator Mary Landrieu… Continue Reading
Another cashed up mid-tier producer has decided the time is right to deploy some capital into the junior sector. This time the cashed up mid-tier is AuRico Gold (AUQ:TSX) and the junior is Carlisle Goldfields (CGJ:TSX). AuRico, who operates two gold mines in Canada and Mexico, has agreed to purchase 70.6 million shares in Carlisle at a price of… Continue Reading
There hasn’t been much from the miners or E&P’s to get excited about this year. One exception (there are always exceptions) is Lucara Diamond (LUC.TSX). Not surprisingly it’s a Lundin Group company. Shares of Lucara are up 40% year-to-date, but even that return doesn’t reflect the true state of their operations. After the market closed today the company released its Q3 results… Continue Reading
Boy did I catch hell at the supermarket the other day. I was standing in line at the check out counter minding my own business, when an elderly lady dropped a turnip on the floor beside me. Naturally I bent over and picked it up for her. As I rolled it onto her section of… Continue Reading
West Africa has encountered a series of significant set backs recently, including the outbreak of Ebola and the dissolution of the Burkina Faso political framework. One place in West Africa that hasn’t been affected by either Ebola or political instability is Ghana. Fortunately for Asanko Gold (AKG:TSX), their two gold mines – which hold almost 11 million ounces… Continue Reading
Yesterday we called one of our favourite gold stories, Roxgold (ROG:TSXV) to get an update from management not only on their two recent announcements (1. receiving their mining permit and 2. closing a $30 million bought deal financing), but also on how the political unrest in Burkina Faso is playing out. Roxgold President and CEO… Continue Reading
Recent comments by Bank of Canada governor Stephen Poloz have stirred up a debate that has been percolating for years, but is especially loud during lean economic times. Addressing the issue of high rates of unemployed young people in Canada, Poloz commented that he thinks they should consider working for free. Judging from the response to… Continue Reading
Tahoe Resources (THO.T), the world’s highest grade silver producer, announced an updated mineral reserve and feasibility study for the Escobal mine in Guatemala this morning. Tahoe is one of a just a few primary silver mines in the world generating a profit at current silver prices. The mine is especially profitable compared to its peers as it benefits from… Continue Reading
Robert Friedland’s Ivanhoe Mines (IVN:TSX) and the Department of Mineral Resources (DMR) in South Africa jointly announced today that the mining right for the development and operation of the Platreef project has been finalized and work can resume immediately. Work at Platreef, which will be one of the world’s largest platinum mines, had been delayed since May… Continue Reading
Greenville Strategic Royalty (GRC.V) reported it’s first profitable quarter this morning, earning net income of $529,000. Management has successfully added 22 royalties since July 2013 averaging ~2 per month and they are discussing paying a dividend to shareholders. Grenville provides royalty based financings to small businesses usually for between $1-$2 million. In exchange they receive a royalty… Continue Reading
Detour Gold (DGC.TSX) reported a small loss of $800,000 after the bell today. Gold production for the quarter was 115,334 ounces meeting management expectations. Cash costs came in at $941 per ounce sold which is within the company’s guidance of between $900 and $975 for the year. The asset is one of the best in the gold space… Continue Reading
