(Sandstorm Gold has outperformed the gold miners index) With limited near-term growth opportunities in the non-precious metals streaming space, Sandstorm Metals and Energy (SND:TSXV) has agreed to be acquired by Sandstorm Gold (SSL:TSX) for cash and shares totaling $49 million. Sandstorm Gold will issue shares based on an exchange ratio of 0.178:1 as well as issue $0.35… Continue Reading
There are a few interesting developments with regard to recent market volatility, both realized & implied. While realized equity volatility has been trending higher since early March, implied volatility (namely the VIX) has remained relatively muted and as of Thursday’s close the VIX was on the verge of losing its ‘teenager status once again: Click… Continue Reading
Technology stocks have been one of the leading sectors during the recent bull market, however, there are mounting signs that the bull run may be over. March was not a pleasurable month for tech investors, and April hasn’t been much better with many investors sustaining double-digit losses in a relatively short period of time. Some… Continue Reading
The Economist is out with a first class post on Barrick Gold founder Peter Munk. Munk’s tale How a former refugee from the Nazis made and lost several fortunes Apr 19th 2014 | From the print edition YOU can’t be right all the time. In a 1995 profile of Peter Munk, the founder of Barrick Gold,… Continue Reading
The New York-based alternative asset manager, The Lind Partners, have announced a unique strategic partnership with John Hancock (the eldest son of Gina Rinehart of Hancock Prospecting, the largest private company in Australia) in which Mr. Hancock will become a consultant to Lind and advise them on investing in the Australian resource sector. The team at The Lind… Continue Reading
SPE data by YCharts The recently consolidated Spartan Energy (formerly Renegade Petroleum and Alexander Energy) has provided their first post-merger quarterly production and drilling update. The company has been garnering a lot of attention from institutions and analysts abroad due to the underappreciated assets that have been removed from Renegade and put into the capable… Continue Reading
This morning, the long awaited financing piece for Torex’s (TXG:TSX) Morelos project has been found. The company announced it has signed a commitement letter with six banks, including Bank of Montreal, BNP Paribas, SocGen, Commonwealth Bank of Australia, ING and Bank of Nova Scotia for a US$375 million, 8.25 year project debt facility. This package fully-funds Torex to complete their 21… Continue Reading
New friendly offer trumps Goldcorp by 11%. Osisko unveils $3.9-billion deal with Yamana Gold, Agnico Eagle. Globe and Mail If this isn’t a sign of the bottom in junior resource stocks, we don’t know what is. BlackRock shuts Evy Hambro’s small-cap mining fund. Citiwire James Kwantes with the latest on Pretivm. Mining executive Bob Quartermain goes for gold… Continue Reading
Skyharbour Resources (SYH:TSXV) has released the initial results from their first phase of drilling at the Preston Lake project in the Patterson Lake South discovery area. The uranium explorer has drilled five holes (totally 986m) which have all encountered broad, hydrothermally altered and reactivated structure with three of the holes intersecting elevated radioactivity. Drill hole… Continue Reading
AKG data by YCharts As the company promised, Asanko Gold (AKG:TSX) has finalized and amended their $150 million project debt facility with Red Kite which is inline with the previous terms. Final definitive agreements are expected by the end of Q2. When Asanko merged with PMI Gold late last year and the combined entity revised their plan… Continue Reading
A recent tour of the Globe-Miami copper mining district between Phoenix and Tucson, Arizona provided four natural resource writers with an appreciation of the massive scale of mining operations in the region. The Globe-Miami district spans roughly 30km from west to east and is almost entirely composed of open pits, heaps, tailings, haul roads, processing plants and smelters,… Continue Reading
The Lundin Group’s only mineral exploration vehicle, NGEx Resources (NGQ:TSX) announced fantastic results from their Filo del Sol project in San Juan, Argentina. They released ten holes today, which continued to help expand the high-grade manto zone. Filo del Sol is the last of NGEx’s three projects without a resource estimate. The company expects to put out its… Continue Reading
Imagine you have a 17,000 square foot mansion and your movies have grossed over $2 billion and you are probably worth close to $50 million. Now imagine you sell the house and give it all away and move into a trailer in a mobile home park. I was talking to movie director Tom Shadyac and… Continue Reading
Recently, we had the pleasure of meeting Michael McPhie at his former post as President and CEO of Curis Resources (CUV:TSX). We were on a site visit of their Florence in situ copper recovery (ISCR) development project in Florence, Arizona. Shortly after our meeting, a press release came to my attention which stated that Mr.… Continue Reading
Many macroeconomic observers forecast that the winding down of the Federal Reserve’s quantitative easing programs would lend a strong bid to the US Dollar. In fact, virtually the exact opposite has occurred as the dollar has not performed well during 2014 and is currently on the verge of a major breakdown: Click to enlarge USD… Continue Reading
