Good morning folks, Quiet morning on the junior resource front as this bear market grinds on. One bright spot was Major Drilling Group International’s latest financials. The New Brunswick-based company – a bit of a mining bellwether as one of the world’s largest drilling companies – upped revenue to $83.9 million (from $67.6M a year… Continue Reading

There’s a new leader at Canadian-based global mid-market investment bank Canaccord Genuity. Toronto-based and North American Capital Markets Head Dan Daviau, who was a co-founder and principal at Genuity, prior to its merger with Canaccord, has been appointed the firm’s president and CEO effective October 1, 2015. Mr. Daviau will also join the board of… Continue Reading

The market is out of step with reality, Eric Sprott tells Tekoa Da Silva in this recent interview. “We had no growth in the economy to speak of. Yet these stocks were trading at record-high prices,” he says of the overall market. He also believes the banking system is over-exposed to assets which stand to… Continue Reading

Deep in the heart of Brazil’s agricultural region a company called Cancana is committed to exploring for, and finding large scale high purity, high-grade manganese. Brazil is the world’s #1 net agricultural supplier and high-grade, high purity manganese is a critical component of the fertilizer required to maximize soybean crop yields. Cancana’s BMC project in… Continue Reading

I was passionate when I was throwing hard pointed rocks at other little kids. “I hit him!” My friends and I would climb around construction sites, pretending they were forts. And throw rocks at each other until we were caught by parents. By adults. Fun! Einstein found his passion because he wondered what a man… Continue Reading

Ari Sussman is stepping down as chairman and a director of Cordoba Minerals so he can focus on developing Continental Gold’s Buritica project, Cordoba announced today. He resigned from the Dalradian Resources board in April of this year. Cordoba is also adding some heavy-duty Latin American talent to its board of directors. Joining the board… Continue Reading

In a 1939 radio broadcast, Winston Churchill famously said of Russia, “It is a riddle wrapped in a mystery inside an enigma.” He might just as well have been talking about diamond exploration, a high-risk venture populated by obscure minerals such as ilmenite, eclogitic garnets and chrome diopsides. The good news is, finding those types of… Continue Reading

Glenn Mullan, Chairman of Abitibi Royalties $RZZ is here. Recent share price: $2.49 Shares outstanding: 11 million Market capitalization: $27.2 million Cash balance: $2 million Marketable securities: $26 million (paying $400,000+ in dividends each year) * All figures approximate What Glenn’s saying: – Abitibi has low overhead and a goal of decreasing shares outstanding through… Continue Reading

Young Mining Professionals is expanding its reach across Canada with the founding of a Toronto chapter, and the Vancouver-based group has lined up a mining legend for the occasion. YMP Toronto will kick off with a Distinguished Speaker Event on Oct. 7, 2015 featuring Peter Munk, the founder and former chairman of Barrick Gold, the… Continue Reading

It’s been an active week for news on the Canadian diamond exploration landscape, with North Arrow Minerals’ Pikoo news yesterday and a Peregrine Diamonds update out this morning. Peregrine completed its summer program on the 100%-owned Chidliak project in Nunavut three weeks early and has transported the CH-7 bulk sample from Iqaluit to Saskatoon for… Continue Reading

Commodity investors are always looking for the next bull market but are understandably wary of jumping on the wagon too soon — especially given the pain of the last couple of years. China’s economic growth is slowing, its stock market seems to be melting down, and most metals have been dragged down significantly over the… Continue Reading

A few legendary influencers in investing are making huge bets right now on commodities, an area that’s faced—and continues to face—some pretty strong headwinds. What are we to make of this? I already shared with you that famed hedge fund manager Stanley Druckenmiller made a $323-million bet on gold, now the largest position in his… Continue Reading

Via Energy and Gold.com: Since breaking out at the end of last year the USD/CAD currency pair has been one of the cleanest trends of any global market:   Here’s what BNP Paribas has to say about USD/CAD: “Slightly firmer GDP and employment data has left the market reluctant to price in immediate BoC easing… Continue Reading

Rick Rule, Chairman of Sprott U.S. Holdings Inc., warned last week that “capitulation” was beginning to occur in resource stocks. Precipitated by sudden volatility in the general stock market, small resource stocks could witness another big sell-off, he said. Resource stocks could bottom off the selling, he explained, finally putting an end to the bear… Continue Reading

Thanks Glencore, You just promised to cut more production than there is current LME inventory in the copper market. 400,000 tonnes of production is a huge cut that should push the copper market into deficit for the next 18 months. This is going to be great for the copper market and copper-producing countries like the… Continue Reading