Mongolia gold play Erdene Resource Development Corp. has announced the discovery of bonanza-grade gold in rock chip and grab samples south of its flagship Altan Nar project. Highlights at the new discovery, Bayan Khundii (Rich Valley), include: Multiple high-grade rock chip samples (4 to 4,380 g/t gold) collected from multiple mineralized zones over a 1.4… Continue Reading

Two announcements this morning from Red Lake gold developer Rubicon Minerals that could make it a lively day for the company’s shares:  CEO Michael Lalonde “has left the company” and the Ontario environment ministry has ordered a shutdown of mill operations at the company’s Phoenix gold project while it deals with tailings and ammonia problems.… Continue Reading

Via Energy and Gold.com: A great deal transpired across markets last week and after sifting through a few dozen charts this morning it’s clear that a major transition may be underway. My friend J.C. Parets (@allstarcharts) has been bullish on the USD/CAD currency pair for at least a year so when he came out with… Continue Reading

It was a bad start to the week for a number of top multi-commodity miners on the back of persistently low base metal prices. Copper in particular fell last week from just under $2.45 per pound down to as low as $2.22 per pound in intraweek trading on Tuesday (this week), before rebounding late in… Continue Reading

In a bear market that continues to take no prisoners, the junior mining landscape is scattered with companies trading for a fraction of the capital invested in their projects. Few stand out like Sabina Gold & Silver Corp (SBB – TSX), which is developing the awesome Back River high-grade gold project in Nunavut, Canada. Somewhere… Continue Reading

Mining analyst Eric Coffin joined Kitco.com’s Daniela Cambone for a brief interview Thursday. SPECIAL OFFER: Take Eric Coffin’s world renowned Hard Rock Advisory newsletter for a three month test drive for only $9 here. Coffin would like to see some mining companies stop or cut production to signal to traders and the market that the… Continue Reading

Endeavour Mining (EDV-T) Price: 0.55 MC: $227 million During the bull market, large gold companies were pressured by shareholders to finance higher-cost mines by issuing debt. That increases production and cash flow when gold is rising, but when the price falls it burdens large producers with too much debt and renders their production unprofitable. Four… Continue Reading

Via Energy and Gold.com: This is a fascinating chart showing a large spike in short interest in S&P 500 stocks during the last couple of months:    Short interest (number of total shares sold short) had been in a relatively tight range for the last few years. Last month’s surge has brought short interest back… Continue Reading

Canada Zinc Metals – (CZX:TSXV) is out with news this morning that the 2015 summer drill program at the Akie property in British Columbia is now complete. I am a big fan of the zinc space in the next 12 months even with Glencore supposedly selling zinc inventories to reduce debt levels. Please take a… Continue Reading

There’s a free finance conference in Vancouver tomorrow covering batteries and the raw materials they consume. Here’s the link: Benchmark World Tour 2015 Vancouver Topics include: Understanding the opaque world of battery raw materials (graphite, lithium, cobalt) Producing a battery, from mine to market Rise of the battery megafactories: Tesla Motors’ Gigafactory, LG Chem , Panasonic and… Continue Reading

The mining industry is experiencing its toughest bear market in decades and exploration companies are the hardest hit. Aston Bay Holdings (BAY – TSXV), a tiny junior explorer looking for copper at the Storm project in Nunavut, Canada, hasn’t had more than six months worth of expenses in its treasury in more than four years.… Continue Reading

Some high-grade hits in Yukon and a rare data-sharing agreement between two junior exploration companies were in the news this morning. Rockhaven Resources, which is advancing the Klaza gold property in the southern Yukon, announced its latest batch of drill results from the 2015 program. These holes are from the western and central portions of… Continue Reading

Minerals and Environmental Engineer Tim Oliver joins Andrew Bell’s Commodities Television program on Canada’s Business News Network (BNN). Here’s a direct link to the video segment. Mr. Oliver is talking about potential red flags in the engineering and economic studies of mineral exploration and development companies. He says these studies often have no discernible schedule… Continue Reading

Robert Giustra’s Columbus Gold is unlike other junior gold plays. For one, it’s headquartered in trendy Yaletown, away from the downtown Vancouver core favoured by most junior mining firms. For another, it’s advancing a gold project through a bankable feasibility study, with another party paying the bills. Columbus’s Paul Isnard gold project in French Guiana… Continue Reading

Via Energy and Gold.com: The best trade setups occur when many different factors align simultaneously. Case in point the IBB (Biotech iShares) chart today:   Here are the factors which lined up simultaneously today: ‘Oversold’ (RSI-14 below 30) Down 7 consecutive days Below lower 3-standard deviation Bollinger Band On track for more than 4x average… Continue Reading