Robert Friedland’s Ivanhoe Mines has commenced drilling underground at the historic Kipushi Mine in the D.R. Congo some 1225 meters below surface and less than 1 kilometer from the Zambia border. Kipushi was one of the world’s richest copper, zinc, germanium and precious metals mines from 1924 until 1993; it was flooded in 2011. Ivanhoe… Continue Reading
This morning gold is up over $30/ounce on a combination of Russia/Ukraine fears and speculation that the ECB might announce an “inflation program” on Thursday morning: Click to enlarge Just overhead there lies a significant confluence zone between $1360-$1375, if price can get through this nest of resistance it could be a quick trip up… Continue Reading
With virtually a limitless amount of information floating around out there for investors to decipher, it is usually best to keep things as simple as possible. Removing price from the weekly chart and only leaving the 10-week simple moving average allows us a very clear picture of past trends and nascent trends which might be… Continue Reading
They just wouldn’t have it. The Conservative Canadian government wanted a new outside competitor to start driving prices down in the local communications market, and Verizon was making all the right noises, but the big Canadian telcos just wouldn’t let it happen. The jury is out on whether admitting a company like Verizon (VZ:NASDAQ) into… Continue Reading
Today, Desert Star Resources (DSR:TSXV) quietly announced that they had begun the first steps in exploration on their recently acquired southwest US assets. The company completed geological mapping and sampling at its Copper King project located in the prolific Laramide belt of Arizona. The mapping and sampling have identified diorite porphyry dikes which intrude Apache Group… Continue Reading
The Lundin Family has a number of trusts in which they invest heavily in their own Group companies, including Africa Oil, Lundin Petroleum, Lucara Diamond and Lundin Mining. The family also invests heavily in other companies. One such company is the Canadian diamond explorer, North Arrow Minerals (NAR:TSXV). Last year the company discovered kimberlite in east central Saskatchewan,… Continue Reading
Warwick Smith resigned as CEO and director of Western Pacific Resources (TSXV:WRP) yesterday after a banner year of accomplishments with the company in 2013. Mr. Smith co-founded Western Pacific in 2009, not long before junior mining markets took a turn for the worse in 2011. Smith was resolved to make something out of Western Pacific… Continue Reading
CCJ Weekly (Cameco Corp.) One of our top picks for 2014, CCJ is ready to power higher from its 2+ year base. IVN.TO Daily (Ivanhoe Mines Ltd.) Definitely one of our favorite names in the Canadian resource space, over $2.10 IVN can easily rally another 20% in the near term FCU.V Weekly (Fission Uranium Corp.)… Continue Reading
Silver Bull Resources (SVB:TSXV) has secured all of the necessary water permits for their Sierra Mojada silver-zinc project in Coahuila, Mexico. The company announced this morning that it has received permits allowing for up to 3.5 million cubic metres per year to be used at the project. These allow Silver Bull to draw water from the regional… Continue Reading
The Lundin Group’s heavy-oil producer, Blackpearl Resources (PXX:TSX) announced this morning that it would be raising $70 million in a bought deal financing being led by First Energy Capital. The company will issue 26.5 million common shares at $2.65 per share for gross proceeds of $70,225,000. Additionally, the company intends to raise another $10 million in… Continue Reading
In the mining sector, there’s an investment conference somewhere on earth every day of the year. Well, it’s time for the 2014 BMO Metals & Mining Conference. BMO’s event is considered the best attended and most productive institutional focused event of the year by the CEO’s we’ve interviewed. Kitco.com’s dynamic lead journalist Daniela Cambone is… Continue Reading
I highly recommend readers who will be in Toronto this weekend to check out an exclusive and boutique investment conference happening at the Downtown Toronto Hilton on Richmond Street West this Saturday March 1, 2014, the day before the PDAC convention begins. The 2014 Subscribers Investment Summit is hosted by three of the junior resource sector’s most… Continue Reading
Elephant hunting for huge international oil plays usually means going into (very) politically risky areas. That’s what makes junior Petromanas (PMI-TSXv) stand out from the crowd. They’re chasing a potential 500-800 million barrel target in Europe—Albania to be exact. Lots of energy investors are familiar with Bankers Petroleum and their heavy oil play there—it’s the… Continue Reading
Lukas Lundin’s base metals explorer, NGEx Resources (NGQ:TSX) this morning released seven of fourteen holes from their 2013/2014 field season at their Josemaria project in Argentina. The focus of their 7,302m program was to define the high-grade supergene zone near the north end of the project and to test a possible extension there. Two of… Continue Reading
Bob Quartermain’s Pretium Resources (PVG:TSX) had a less than stable year in 2013. The shares went from a high of $13.18 on January 2, 2013 down to a low of $2.89 in November 2013 amid controversy surrounding the legitimacy of their extremely high-grade Valley of the Kings deposit in BC, part of their Brucejack project. Since… Continue Reading
