Contrary to popular belief, investors are still making money in resource markets. The price for energy metal lithium has been surging, and shareholders of Frank Giustra-backed lithium exploration play Lithium X have also seen strong gains since the company went public on November 30. Shareholders of NexGen Energy have more than doubled their money over… Continue Reading
Agnico Eagle CEO Sean Boyd sounded relaxed on the company’s Thursday conference call announcing Q4 results. But if the mining boss was jumping for joy on the inside, it would be hard to blame him. The stars seem to be aligning for Agnico Eagle (AEM-T), which produces two-thirds of its gold from mines in northern… Continue Reading
Less than a month ago nobody wanted anything to do with the yellow metal, now suddenly everyone is bullish on gold and the herd is cramming through a narrow doorway trying to get long: GLD (Daily) The GLD exchange-traded fund has gone parabolic with a daily RSI(14) of 84.53 and a Force Index(13) that is… Continue Reading
It was mushrooms that brought Shawn Ryan to the Yukon, but gold that secured his fortune and reputation. Specifically, soil sampling leading to the discovery of gold, millions of ounces of it. His Yukon exploits also brought him a measure of fame — the prospector appeared on the cover of the New York Times Magazine… Continue Reading
Since topping out above US$4.50/lb in 2011, copper has fallen by more than 50% to a recent low of $1.94/lb. The 5-year copper bear market can be primarily blamed on soft Chinese demand and bloated Chinese copper inventories resulting from the 2009-2010 Chinese economic stimulus plan. But there are some technical signs that the copper… Continue Reading
I’ve lost count of all the investment conferences I’ve been to and most of them were forgettable. So when it comes to hosting one — I am not going to waste your time or my own. This is your official invite to the Subscriber Summit on March 5 in Toronto, the day before the PDAC… Continue Reading
Platinum Group Metals reached a milestone this morning with news that its Maseve mine (formerly called WBJV Project 1) in South Africa produced its first concentrate for delivery. News of hot commissioning comes as the platinum price continues to bump along at about US$940 an ounce, levels visited during the height of the 2008 financial… Continue Reading
Or the one that has found it, for that matter. Peter Tallman, Klondike Gold (KG-V) President and CEO, explains. “Going back a year, we have an intercept in a drillhole of effectively a nugget of gold that is about 100 metres away from where the largest nuggets in the Bonanza and Eldorado creeks came from,… Continue Reading
Redemption. Along with diamonds, it’s what North Arrow Minerals will be looking for in two active exploration programs to kick off 2016. The diamond explorer just kicked off a 2,500-metre, $1.69-million drill program at Pikoo, its Saskatchewan diamond discovery, that will further delineate diamond-bearing kimberlites and test new targets. Joint-venture partner Stornoway Diamond (20%) has… Continue Reading
It took a while, but gold is finally starting to move. I must admit I’m surprised it’s taken this long for the market to realize something I have been expecting all along. The Fed’s hands are tied, something I touched on in my interview three years ago. They are backed into a corner and can’t… Continue Reading
Mariana Resources outlined a few tantalizing drill hits on its 30%-owned Hot Maden gold-copper project in Turkey this morning highlighting, yet again, why the story remains one of the most interesting discoveries in recent years. The recent hits add near-surface extension of uber-grade gold and copper, including 71 metres @ 32.7 g/t Au and 1.99%… Continue Reading
Exploration Insights by Brent Cook www.explorationinsights.com Issue No. 362 February 7, 2016 Carter Smith, videographer for Tommy Humphreys’ CEO.CA resource-focused website and chat room, caught Joe and I taking a first pass look at a few mineral projects being advanced around the world. For those of you interested, the following videos provide a good first… Continue Reading
Tahoe Resources (THO-T) and Lake Shore Gold (LSG-T) plan to join forces in a nearly $1 billion all-stock deal that sees Tahoe gobble up Lake Shore. Lake Shore shareholder are to end up with 26% of the combined company and get a roughly 25%-30% premium to recent Lake Shore shareprices. That the deal might be… Continue Reading
Via Energy and Gold.com: Some stats about the current rally in the gold miners (GDX): +37.50% in 13 trading sessions GDX has gone from 3 sessions dipping below the lower 2-std. deviation Bollinger Band (January 19-21) to 3 consecutive closes above the upper 2-std. deviation Bollinger Band (February 3-5) GDX has rallied at least 5%… Continue Reading
Canada’s top uranium producer has a significant new discovery nearby to one of its largest existing mines. Cameco Corporation revealed in its quarterly MDA filing on SEDAR Friday initial figures for the Fox Lake deposit at the Read Lake project in Saskatchewan’s Athabasca Basin, which has seen continuous drilling since 2008. “… first time reporting for the Fox… Continue Reading
