In a junior mining sector where financing drought continues to be the rule, Kaminak Gold continues to cash in and attract deep-pocketed shareholders. On Monday the Yukon gold developer announced a $22.5-million financing and a significant new shareholder: billionaire Thomas Kaplan’s Electrum Strategic Opportunities Fund LP. Existing shareholders Ross Beaty and Lundin trust Zebra Holdings… Continue Reading
After last week’s announcement from the Federal Reserve to maintain interest rates at near-zero, its decision to do so appears justified following a spate of disappointing early-week economic data, headlined by lower Purchasing Managers Index (PMI) readings for China and the Eurozone. Markit also released its PMI reading for the United States, which currently sits… Continue Reading
It’s been a busy week at CEO.CA and we wanted to share some of the highlights in case you were too busy to stop by as often as you would have liked. There are high-quality projects being advanced and value is being created, even if it’s unrecognized in these markets. Enjoy your weekend and stop… Continue Reading
With almost $600 million in the bank, NSU has cash to back 80% of its share price. And it pays a dividend. And it’s expanding its profitable mine. Investors are taking note: Nevsun has outperformed the S&P/TSX Capped Diversified Metals & Mining Index by 40% since June. The big resource picture is still unclear. No… Continue Reading
2015 will be remembered as a period when investors could buy world-class natural resource assets for pennies on the dollar. Tintina Resources (TAU:TSXV, TINTF:OTCQX) owns one of the highest-grade undeveloped copper deposits, in an excellent location — and trades for less than its cash in the bank. The company is also backed by one of the most… Continue Reading
Ascot Resources (AOT.v) is out with drill results and some impressive intercepts at its 100-sq-km property near Stewart in northwestern B.C., which includes the historic Premier Mine. Drilling highlights in the “Lunchroom subzone” included 226 g/t Au over 1 metre within a broader zone of 12.77 g/t over 53.89 metres in Hole P15-860, and 284 g/t… Continue Reading
The Clinton Giustra Enterprise Partnership is partnering with the UK’s Department for International Development and Unilever to create “Transform” – a new initiative to improve health and well-being for up to 100 million people in developing countries by 2025. The focus is sub-Saharan Africa and South Asia. The announcement comes the week the United Nations adopts… Continue Reading
Yukon explorer Klondike Gold Corp. has discovered visible gold within quartz veins in 15 of 19 drill holes from its summer program on the Lone Star property, the company announced this morning. Assays on the drill core are expected within the next month. The summer drill program was increased from 1,000 metres to 1,374 metres… Continue Reading
Strategic investments that bring technical and human expertise as well as capital propel new discoveries. And Cordoba Minerals Corp. (TSX-V: CDB) recently nailed those objectives through an earn-in agreement with Robert Friedland’s HPX Minerals — and it all started with an elevator pitch, literally. On May 8, Cordoba announced that privately owned HPX (High Power… Continue Reading
Stornoway Diamonds Canadian diamond developer Stornoway Diamond Corp. has updated its mineral resource at Renard as construction of Quebec’s first diamond mine continues. Highlights include: A 16% increase in the Indicated Mineral Resources of Renard 2 to 21.6 million carats achieved through the conversion of Inferred Mineral Resources to 700 meters depth. An 11% increase… Continue Reading
Via Energy and Gold.com: Gold is ripping higher this morning amid heightened fears of global deflationary pressures and a slew of central bank rate cuts (Norway, Taiwan, etc.): This morning’s move higher is highly significant because price decisively broke above last week’s resistance level ($1141) and buyers have not showed any signs of lack… Continue Reading
Ivanhoe Mines’ deal to sell a stake in its Kamoa copper project to China’s Zijin Mining has received the green light from the Democratic Republic of Congo, which had earlier objected to the sale. The agreement sees Zijin Mining pay US$412 million to acquire 49.5% of the shares of Kamoa Holding Limited, which owns 95%… Continue Reading
Yukon gold developer Kaminak Gold is out with an updated resource estimate that increases grade, oxide ounces and the indicated resource at its Coffee gold deposit. The update comes after a 70,000-metre infill drilling program on the four main Coffee deposits, Supremo, Latte, Double Double and Kona. The updated estimate of mineral resources for Coffee… Continue Reading
by Henry Bonner Over the last 12 to 18 months, we’ve seen some gold miners reach higher share prices. As we pointed out earlier this summer, there are winners and losers. Some companies, like Klondex Mines (KDX.CA), Detour Gold (DGC.TO), and Evolution Mining (EVN.AU) have moved higher over the last year. Others like Midway Gold… Continue Reading
On a day when commodity prices crashed again, it’s encouraging to note that some junior miner CEOs and company executives continue to see value in their share prices. I’m talking about purchases by insiders, which can be a positive indicator that a company’s stock is undervalued. Executives have multiple reasons to sell – for example braces… Continue Reading
