Just a week after the New York hedge-fund, Casablanca Capital, won its intense proxy fight over the $2.7 billion Cliffs Natural Resources (CLF:NYSE), another New York based fund has sent a warning to Madalena Energy’s management this morning. In a powerful yet to the point press release this morning, Joshua Silverman of Iroquois Capital Management, LLC… Continue Reading
This morning, after a month of battling, Timmins Gold (TMM:TSX) and their 17% dissident shareholder, Sentry Investments have come to an agreement on the composition of the company’s Board of Directors. After Sentry proposed a new slate, the investment fund that manages over $14 billion in assets accepted Timmins’ proposed Board of seven nominees as long as they could… Continue Reading
In a letter directly to Timmins Gold (TMM:TSX) shareholders this morning, Sentry Investments precious metals portfolio manager, Kevin MacLean proposed a slate of six new directors which would replace six of the current eight directors. Proxy battles are usually a ‘last case scenario’ for unhappy investors due to the costs associated with them. Sentry is… Continue Reading
Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV) has signed an agreement with a private Mexican company to acquire a 100% interest in the Cajon gold project with their strategic alliance partner, Hochschild Mining Plc. The Cajon project is located near Goldgroup’s (GGA:TSX) Cerro Colorado mine and Timmins’ (TMM:TSX) San Francisco mine. Recent exploration work… Continue Reading
In the following article, we offer our forecast for 2014 including five stock picks from each of our analysts. Compare 400+ precious metals stocks with a Free 14-day Trial to Tickerscores.com. 2014 Venture Forecast The TSX-V will be a stock picker’s market in 2014. In this environment, investors should stay cautious and the focus should remain… Continue Reading
After coming off their huge Patterson Lake South win, the former management team of Alpha Minerals is now running Alpha Explorations (AEX:TSXV) which is a spinout with assets in the Cluff Lake and Patterson Lake areas in Saskatchewan. They also hold prospective land in the Timmins gold camp area in Ontario. Today they announced their… Continue Reading
Joseph Conway’s Primero Mining (P:TSX) announced this morning it has entered into a agreement to acquire Brigus Gold (BRD:TSX) in an all-share transaction. Primero will use their stock, which has held its own this year, in an exchange ration of 0.175:1. This values Brigus at approximately $220 million. This bid represents a 43% premium to… Continue Reading
In April of this year, Mexico’s Economics Committee in the Chamber of Deputies approved a proposed new 5% mining royalty tax. Over the weekend, the Executive Branch of the Mexican federal government presented its 2014 Tax Reform proposal which included new mining specific federal royalties. These included a Special Mining Royalty which is a 7.5%… Continue Reading
Stalwart junior resource stock analyst John Kaiser was uncharacteristically enthusiastic in recommending Probe Mines (TSXV:PRB) to Korelin Economics radio subscribers today, saying the company’s Borden Gold project, about 200 km southwest of the Timmins Gold District in Ontario, Canada, has “District scale potential” of its own. Originally Probe Mines thought they had approximately 4 million ounces of… Continue Reading
Mining legend Don McKinnon dies at 83. Timmins Press Selected Achievements: -Self taught, high school drop out prospector turned multi-millionaire; -Discovered the Hemlo Gold Mine — one of the most profitable gold operations in Canadian history; -PDAC Person of the Year in 1982; -Order of Canada winner in 1995; The list goes on. RIP Mr. McKinnon. Leaderboard. PGA… Continue Reading
