I am headed to Colombia tomorrow for two weeks to check out some mining and oil projects and to have some fun. We will be in Bogota, Medellin and Cartagena at various stages of the trip. You can follow me “TommyHump” on Instagram or Twitter for any updates from the road, although they may be… Continue Reading

Never before have there been so many warning signs of an impending market decline while the senior equity indices remained within 2% of all-time highs. We are quickly approaching a make or break moment for this market and we continue to be in awe of the resilience displayed by the senior indices. To the charts…. Click… Continue Reading

As core eurozone member countries such as France and Italy continue to grumble about the euro being too strong, the single currency has continued to soar, nearly reaching 1.4000 vs. the USD this morning: However, following this morning’s comments by Mario Draghi the euro has taken a tumble: “The Governing Council is comfortable with acting… Continue Reading

by James Kwantes, World of Mining Peregrine Diamonds released its maiden resource estimate for Chidliak Wednesday, and it sparkled. The diamond exploration company led by Eric Friedland reported an NI 43-101 compliant inferred resource of 7.47 million carats of diamonds in 2.89 million tonnes in its CH-6 kimberlite pipe, to a depth of 250 metres.… Continue Reading

Vancouver Sun copy editor James Kwantes has been moonlighting as an excellent mining writer, operating the World of Mining blog in his spare time since 2011, and we often re-run his WOM stories here. The Sun seems to have taken notice of James’s mining editorial talents, publishing his second BC mining story yesterday, an interview… Continue Reading

Search Funds finance young professionals to acquire companies from retiring business owners There are 1.38 million small-to-medium sized businesses in Canada with owners over the age of 50, according to data compiled by Deloitte. Many of those entrepreneurs will look to exit their businesses over the coming years. A creative financial model called Search Funds… Continue Reading

Malcolm Shaw is looking at a modern-day map to buried treasure. He sees a company operating a shale-oil well that has tested at a free-flow rate of 590 barrels per day, a junior producer in Argentina working naturally fractured shale, an unrecognized frack sand resource, and a company that owns one of the most exciting… Continue Reading

2014 can be emphatically dubbed the year of energy, not since 2007 have we witnessed such extreme outperformance by energy stocks: Click to enlarge The outperformance really picked up at the beginning of April and grew even wider today with the XLE +.15% vs. -1.42% for the XLF and -1.63% for IWM. The current situation… Continue Reading

Tommy here… The gold mining industry has heard a lot about companies “high grading” their deposits to target the highest margin ores, thus sterilizing the lower grade material, as a defensive measure amid the past three year bear market in gold and mining stocks. Adam Simmons, Ph.D. Geology and Investment Advisor at PI Financial, who co-author’s the Digging… Continue Reading

With the situation in Ukraine reaching a fever pitch, gold has surged back above $1315 this morning: Click to enlarge Russia appears to have every intention of destabilizing Ukraine to the point of provoking an all out civil war which will give it the cover to enter the east under the auspices of “peacekeeping”. Gold… Continue Reading

This week a privately held gold company developing the Hope Bay gold project in Nunavut raised $78 million in equity, with $65 million of it coming from Resource Capital Funds which is a leading mining focused private equity firm.  The private company is called TMAC Resources and is led by Chairman, Terry MacGibbon, who founded… Continue Reading

There has been a lot of talk about private equity ‘circling’ the mining space, however little has come to fruition. Today we meet a dynamic young financier who has already begun to deploy $375 million in the sector. Michael Scherb is the 32-year-old founder of Appian Capital Advisory LLP, a mining-focused private equity investment firm established in… Continue Reading

I just this second got an email: The title was: “No Money Down!” I even launched a daily podcast yesterday called “Ask Altucher.” The first question someone sent in for my podcast was “Should I buy a home now?”

Roxgold (ROG:TSX) which is developing the highest grade undeveloped gold deposit in the world, released their final feasibility study for the Yaramoko project in Burkina Faso.  The feasibility study was in line with the company’s September 2013 preliminary economic assessment.  The company is on track to complete the final stages of permitting in Q3/2014 with underground… Continue Reading

GRAND PRAIRIE, Alberta – Mike Weeks and Delayne Weeks of Canada had a dream five years ago: create a gold mine. Do it in a nation that has never produced gold commercially. Use the process to educate and enrich an impoverished population. The country is Cambodia. The mine is in northeast Cambodia, close to Vietnam. Phum Syarung,… Continue Reading