PXT data by YCharts According to a Bloomberg article today, Parex Resources (PXT:TSX) is planning on doubling its current production of 17,500bopd.  The company, led by CEO Wayne Foo, has aspirations of growing to 50,000bopd, according to the article. “To be relevant in the market, you really have to be in the range of 25,000… Continue Reading

Depending on how you look at it, the copper business will either be a great place – or a scary place to be in the coming years. This from octogenarian Dave Lowell, arguably the most successful mineral explorationist in history, with the discovery of eighteen ore bodies credited to him, including Escondida, the world’s largest… Continue Reading

Asanko Gold (AKG:TSX) continues to advance their West African gold project towards first gold production in Q1/2016 by commencing the construction of its early works program.  The Board of Directors has approved a $16 million budget with a full investment decision on the Asanko Gold project anticipated by Q3/2014. The early works program includes: advancing detailed engineering, earth… Continue Reading

Founder and chairman of Continental Gold (CNL:TSX) Bob Allen will step back from the wheel of the company that he helped turned into Colombia’s most valuable junior gold developer, the company announced Monday. A pioneer in Colombian mining, Allen started Continental in 2007 as a privately held, Bermuda-based outfit, landing on the TSX in 2010… Continue Reading

by James Kwantes, World of Mining Resources and resource allocation are at the centre of a boardroom battle between Sherritt International ($S.TO), which mines nickel in Cuba and Madagascar, and George Armoyan, a Halifax-based activist value investor who runs Clarke Inc ($CKI.TO). It’s shaping up to be an entertaining tilt that also presents some investment opportunities.… Continue Reading

Did the S&P 500 really make another all-time high Friday morning? It certainly doesn’t feel like it! The rapidly deteriorating market breadth and powerful downside reversal since Friday morning makes the all-time high at SPX 1897 seem like ages ago….. Click to enlarge While the S&P has fallen more than 50 points, the carnage in… Continue Reading

It’s Not You, It’s Me   With elections looming over the EU next month, recent news over the old continent has centered around the battle against deflation.   “The European Central Bank has let it happen. Inflation has been running at an annual rate of minus 1.5% in the eurozone over the past five months,… Continue Reading

THE CALANDRA REPORT: Subscribe* $110 yearly   SUPERIOR, Arizona —  A helicopter tour above the Arizona copper belt, where the Resolution Copper Mine is being built, is our call to action.    Grounded now, I find myself searching for more shares of Desert Star Resources Ltd. ( TSXV: DSR). Canadian banker Vince Sorace’s Desert Star optioned properties from two companies I own: Eurasian Minerals (TSXV:… Continue Reading

LLG data by YCharts After being halted for a couple of days, Mason Graphite (LLG:TSXV) got a nice surprise.  The company, which was running low on cash, announced an initial $8 million bought deal (which was subsequently raised to $10 million with an additional $1.5 million green shoe) with Ressources Quebec, a subsidiary of Investissement… Continue Reading

AKG data by YCharts Asanko Gold (AKG:TSX) has been able to take advantage of the gold endowments in Ghana, not only by finding and developing the Esaase deposit but also by acquiring a nearby and equally sized development project called Obotan (part of PMI Gold acquisition, now called the Asanko Gold Project).  Today, the company announced… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors Commodity returns vary wildly, as experienced resource investors can attest and our popular periodic table illustrates. This inherent volatility can spell opportunity for the nimble investor who can look past the mainstream headlines to identify hot spots. Our global resources expert, Brian Hicks, CFA,… Continue Reading

THE CALANDRA REPORT: Subscribe NexGen | Desert Star | Prophecy Coal** | Powertech | Kaizen | Stellar Bio Editor: Adds Peter Epstein’s interview with Powertech/Azarga uranium principal; a fresh look at Stellar Biotech; note on Prophecy Coal at close of report When a uranium prospector comes in with the final hole of a winter drilling program up north, No. 8 in… Continue Reading

“Ain’t no party like a Communist party” The New York Times put together a panel of five people that know what they’re talking about and asked them the less than benign question “Was Marx right?”. Below is the roster of the participants and links to their respective answers: Doug Henwood, “A return to a world… Continue Reading

I don’t know if VICE Media Inc. is really worth the billions founder Shane Smith says it is, but I do know that he’s a great salesman. Smith believes the youth media company he founded in Montreal in 1994 will haul US $1 billion in revenue this year with 50% profit margins, telling Bloomberg VICE could… Continue Reading

(A short video explaining the size, significance and development of the Johan Sverdrup oil discovery – Source: Lundin Petroleum AB) Lundin Petroleum (LUP:TSX) has announced spectacular results from their appraisal well on the behemoth Johan Sverdrup oil discovery in Norway.  The appraisal well was a wild success, to say the least.  Initial testing flowed at a rate… Continue Reading