Lou Eccleston seeks to inject new life into peer-lagging TMX Group When a group of Canada’s major banks and pension funds banded together to buy control of the country’s dominant stock exchange owner a few years ago, it was viewed as a strategic move to keep the TMX Group out of the hands of the… Continue Reading

TORONTO — China’s Tencent Holdings Ltd has taken a $50 million stake in Kik Interactive, an investment that values the Canadian mobile messaging company at more than $1 billion, Kik said on Wednesday. Kik, a Waterloo, Ontario-based company whose chat platform is popular with U.S. teens, has long said it aims to emulate the success of… Continue Reading

Via Energy and Gold.com: Remember this chart that was passed around quite a bit earlier in the year?   This chart has become important again as crude oil prices flirt with the $40/barrel level. Cash costs (variable operating costs) are distinct from the overall cost of an oil project because they are the costs associated… Continue Reading

A look at a couple of the mining headlines that caught my eye with some additional comments. Integra Gold (ICG:TSXV) and Eldorado Gold (ELD:TSX) – Integra and Eldorado have announced that Eldorado will be making a $14.57 million dollar investment in Integra.  Eldorado will purchase 52 million shares of ICG at 28 cents per share… Continue Reading

In case you missed it last week  Rick Rule Chairman of Sprott US Holdings was on BNN Market Call last Wednesday night with host Mark Bunting. The always entertaining Mr. Rule discussed with Mr. Bunting precious metals stocks. Here are my notes from the show. There are two ways that commodities can recover from a bear market.… Continue Reading

TORONTO – The former chief executive of Centerra Gold Inc. is lashing out at Canadian authorities after his arrest last month in Bulgaria on corruption allegations he says are unfounded and simply an attempt to sway current negotiations around a gold mine. “My situation here is, in my opinion, pretty dire,” Len Homeniuk said in… Continue Reading

Via Energy and Gold.com: The most widely followed commodities index, the CRB (Reuters/Jefferies Commodities Index), closed below its 2009 Global Financial Crisis low last week:    (The CRB closed even lower today due to declines in crude oil and copper) An interesting excerpt from a recent Morgan Stanley research note: “We also think it’s important to… Continue Reading

The VCMA (Venture Capital Markets Association) wrote a letter to all all elected members of the Legislative Assembly of British Columbia last week, arguing of the looming demise of Canada as the world’s mineral exploration leader. Don Mosher, Founder of the VCMA Advisory Board joins BNN to make the case on how too many regulations… Continue Reading

A look at a few of the mining press releases that caught my attention this morning. Dalradian Resources – (DNA:TSX) – Dalradian has provided a corporate update as well as financials for the second quarter. A strong working capital position of ~$33.5 million at June 30th remains as Dalradian proceeds with development work at the Curraghinalt gold… Continue Reading

By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors First it was the U.S. Federal Reserve. Then, in 2013, Japan launched what became known as Abenomics. The European Central Bank (ECB) followed suit in 2014. And now the People’s Bank of China has joined the parade.   All of them in some way… Continue Reading

Precious metals, particularly gold, received a welcome boost early in the week after the People’s Bank of China (PBOC) unexpectedly lowered the reference rate of the yuan, a move that drew further criticism from the U.S.; China’s manipulation of the yuan has been viewed as a means to protect exports; however, China have argued the… Continue Reading

Via TimOliver.us: Note to Readers: This is the July 26, 2015 Issue of Brent Cook’s Exploration Insights. “EI” is the premier newsletter devoted to early discovery, high-reward opportunities, primarily among junior mining and exploration companies. I occasionally contribute articles to Brent’s weekly newsletter. My articles focus on the engineering aspects of early stage mine development… Continue Reading

Pebble’s new backers bet on EPA compromise and new JV partner for the world’s largest undeveloped copper-gold deposit Two experienced mining financiers are making a $4.7 million bet that one of the world’s largest and most controversial minerals deposits is about to turn a major corner. Frank Giustra and Gord Keep’s Cannon Point Resources (CNP.TSXv)… Continue Reading

Goldcorp Inc. has been very active on the M&A front over the last few years, spinning off non-core assets and replacing them with better ones. The company wants to make more upgrades to its mine portfolio, and RBC Capital Markets analyst Stephen Walker fully expects to see some deals in the months ahead. “We currently… Continue Reading

Get Gwen Preston’s research via email. Subscribe at ResourceMaven.ca. The Venture index is now down almost 2,000 points from its March 2011 high, a 75% slide fueled by gold’s 40% haircut, copper’s 45% decline, silver’s 66% cut, platinum’s 50% fall… That was bad. Then China devalued the yuan and things got even worse. Copper sank… Continue Reading