TSX Venture index sinks below 500 as long march downwards shows no signs of letting up Canada’s junior stock exchange continues to plumb new depths that would have seemed unimaginable even a few years ago. The S&P/TSX Venture Composite Index sunk below 500 points for the first time on Monday, hitting a record low of… Continue Reading

Gold stocks are going through a tough time in this market, but in every tough market there are companies bucking the trend. Ewan Downie, CEO and President of Premier Gold (PG.T), came on CEO Chat regular Allan Barry Laboucan’s show and made the case that Premier was named well. Premier owns 40% of the South Arturo… Continue Reading

Millrock Resources (MRO – TSXV) is a mineral exploration company following the prospect generator business model. That means Millrock generates exploration targets and finds deeper pocketed partners to pay for the expensive stuff like helicopter rentals and drilling, while Millrock usually retains a project interest, and earns money for managing the work programs. A lot… Continue Reading

Via Energy & Gold.com: The Federal Reserve finds itself in a tricky situation heading into Wednesday’s FOMC announcement. There has been a considerable build-up over the past several weeks (primarily from strong employment reports) which has led to the market anticipating a 25 basis point hike the Fed Funds Rate. However, the shakeout in the… Continue Reading

With the four-year-plus bear market in the natural resource sector, we are all well aware that funding has dried up severely for junior mineral exploration companies wanting to raise money to do what they do best – drilling in pursuit of new discoveries. New discoveries are then often taken over by bigger mining companies which… Continue Reading

  As the end of the 2015 approaches, both investors and mining companies are restructuring their portfolios, either via tax-loss selling through struggling investor portfolios, or cutbacks on production and spending by miners. This week saw a number of mining companies announce restructuring plans. This included Anglo American (AAL-LON), who announced it would cut approximately… Continue Reading

Via Energy and Gold.com: Since the odds of a Fed rate hike at its December meeting shot up above 80% gold has actually outperformed the S&P 500: Gold vs. S&P 500 since November 20th     This outperformance is widening further today as gold is .4% higher on the session while the S&P 500 is… Continue Reading

Good morning investors, A quick look at some of last night’s more interesting insider filings: First Mining Finance (FF-V) – CEO Keith Neumeyer banked some more shares of his gold-focused mineral bank, buying 47,000 shares yesterday at 32 cents a share. Neumeyer, who also runs First Majestic Silver, has been a voracious buyer of First… Continue Reading

Good morning investors, First off this morning, I wanted to highlight some interesting insider moves that landed in the Insiders tab in CEO Chat. The day’s SEDI insider filings flow in there every night, sorted by company, and it’s usually worth a look. It certainly was last night. Former Barrick Gold CEO Jamie Sokalsky was buying… Continue Reading

Via Energy and Gold.com: While the gold miners (GDX) continue to experience significant day to day volatility the ratio chart of GDX relative to the S&P 500 (SPY) shows a clean double-bottom pattern with a notable bullish momentum divergence:   GDX/SPY (Daily)  The October/November decline in the miners made a marginal new low in the… Continue Reading

Erdene Resource Development is out with results from 6 of 15 holes recently drilled as part of a maiden 695-metre program at the Bayan Khundii gold discovery in southwest Mongolia, and they look good. The program identified five zones of near-surface high-grade gold mineralization that are open along strike and at depth. Five of the… Continue Reading

Sabina Gold & Silver (SBB-T) Nunavut gold developer Sabina Gold & Silver has cleared another permitting hurdle with the filing and acceptance of the company’s Final Environmental Impact Statement (FEIS) for its Back River gold project. The FEIS was submitted to the Nunavut Impact Review Board (NIRB) on Nov. 23 and has been deemed conformant… Continue Reading

With stock prices in the tank and tax-loss selling here, it can be easy to forget about successes in the worlds of mining and junior exploration. They still exist, of course. And today both the Association for Mineral Exploration British Columbia (AME B.C.) and the Prospectors and Developers Association of Canada (PDAC) announced their latest… Continue Reading

If Anglo’s woes symbolize the pain of production in a falling price environment, a property deal between two juniors announced after market close yesterday may hint at brighter days to come – the looming supply crunch and rising prices that inevitably follow a price crash. Rob McLeod’s IDM Mining (IDM-T) has signed an agreement with Oban… Continue Reading

Turns out the De Beers decision Friday to close its Snap Lake diamond mine in Canada’s Northwest Territories, eliminating more than 400 jobs, was just a preview of cuts to come at the parent company. Anglo American, one of the world’s largest mining companies, took radical action today to stem the bleeding from low commodity… Continue Reading