In an announcement that went, in my opinion, underreported but has potentially huge ramifications for the natural resources sector in Argentina was that the Paris Club of creditor nations and Argentina have come to an agreement for repaying nearly $10 billion in debts which are currently in arrears.  Why this is significant for the natural resources… Continue Reading

In a note late last week, we noted that Madalena Energy (MVN:TSX) was the only junior with significant leverage to Argentina’s massive oil and gas reserves.  The company is about to increase its leverage in the country by acquiring Gran Tierra Energy’s (GTE:TSX) entire Argentinian oil and gas business unit for $63 million in cash and stock.  Madalena touts… Continue Reading

This morning the news started flowing again out of the Athabasca uranium Basin in Saskatchewan where millions of speculative dollars have been invested in the hopes of finding more of the highest grade uranium in the world.  Aldrin announces the reason why they were halted yesterday and NexGen receives their drill permits for the Arrow… Continue Reading

After the market closed today Rio Alto Mining (RIO:TSX), who is in the process of acquiring fellow Peruvian gold company Sulliden Gold (SUE:TSXV), announced they have successfully come to terms with Agnico Eagle (one of Sulliden’s largest shareholders) to acquire their 8.6% stake in the target.  Agnico Eagle has agreed to sell its interest in Sulliden for $1.10 per share or… Continue Reading

Patterson Lake area explorer, Aldrin Resources (ALN:TSXV) is halted this morning pending news. On May 13, Aldrin announced it had resumed drilling on their Triple M project (adjacent to Fission’s Patterson Lake South discovery) after the spring breakup in Saskatchewan’s boggy fields.  The timing would be about right for them to have results from initial drilling and hence the halt. Aldrin is drilling… Continue Reading

LCC data by YCharts Ross Beaty’s Lumina Copper (LCC:TSXV) which is developing the world-class Taca Taca copper asset (21.15 billion pounds of copper, 5.56 million ounces of gold and 615.8 million pounds of molybdenum) in Argentina has caught a bid, up $1.23 per share to $7.61 at the time of writing. The company released a mandatory… Continue Reading

Yesterday, Australian-listed Papillon Resources (PIR:ASX) was halted at the company’s request pending a “potential corporate transaction”.  If Papillon is part of a larger producers’ M&A mandate, then it would represent the 3rd such gold transaction in the past 2 weeks. Last week saw Rio Alto make a friendly, $300 million, bid for nearby Sulliden Gold and… Continue Reading

We have been preparing readers for a potential large downdraft in gold for the past several weeks: May 12th – 3 Reasons Gold Could be in for a Summer Swoon  May 20th – Do the Gold Miners Have a Pulse? May 23rd – Will This Time Be Different for Gold? This morning with gold down… Continue Reading

The microcap junior, Aston Bay Holdings (BAY:TSXV) is up over 30% this morning on the back of the company’s announcement that it has entered into an exclusive due diligence period with an unnamed major.  All we know about the major mining company from the release is that it has a market capitalization in excess of $10 billion.  The… Continue Reading

One of the consensus themes for 2014 was the expectation that interest rates would continue to climb against the backdrop of an improving global economy. As you can see from the 10 Barron’s strategists forecasts for 2014, only one of the ten strategists saw the 10-year yield remaining below 3%: Click to enlarge As often… Continue Reading

Mr. Paul Reynolds reports – Canaccord Genuity Group Inc.’s Peter Brown has resigned as a director and officer of the company, effective May 23, 2014, and will not be seeking re-election to the board of directors at the upcoming 2014 annual general meeting of shareholders. “On behalf of the board of directors, management and all… Continue Reading

Below is an article published by Reuters.  Note, the only junior with significant leverage to the Vaca Muerta is Madalena Energy (MVN:TSX).  Americas Petrogas also has interests there, but the company is under strategic review, meaning they are on the selling block.  Madalena has a market cap of $250 million and holds over 132,000 net acres… Continue Reading

According to an announcement from London-listed Polymetal International PLC, the company  has entered into binding agreements with Sumeru Gold B.V. and Sumeru LLP to acquire the Kyzyl gold project in north-eastern Kazakhstan for $618.5 million.  The project hosts a 6.7 million ounce deposit (average grade of 7.5g/t gold) which will immediately double Polymetal’s booked reserves. … Continue Reading

Five years after starting, Canadian resource-focused investment dealer, Byron Capital Markets has shut its doors.  Due to the lack of fundraising needs of mining companies in Canada, these boutique investment dealers, whose lifelines are small equity raises, are having a difficult time keeping afloat.  In this environment, the boutiques that lack significant advisory businesses (see… Continue Reading

“Our financing is sold out, and the books are closed baby !” Via email to CEO.CA at 8:47am EST today. Sent from my iPhone