Exploration activity in the resource sector is down dramatically. Some of the world’s top exploration geologists are calling this an ideal time to shop for new prospects. With fewer junior resource companies around, it’s easier to get your hands on some of the most coveted exploration targets, they believe. Tekoa Da Silva took our recent… Continue Reading
Via www.TimOliver.us: Sometime around 10:30 a.m. on August 4, 2015, an earthmoving contractor working for the Environmental Protection Agency (EPA) broke into flooded underground mine workings along Cement Creek, near Silverton, Colorado. The result was the release of at least three million gallons of acidic water laden with high levels of dissolved and settleable solids. The… Continue Reading
Via Energy and Gold.com: Stocks have gotten whacked in the last 24 hours with the S&P 500 falling more than 40 points from high to low. The daily chart of the S&P (SPY) shows a potential breakdown from a pennant pattern which has formed during the last 6 weeks: The crucial level to watch… Continue Reading
A look at news out this morning from First Majestic Silver and Fission Uranium with some additional comments added. First Majestic Silver – (FR:TSX) – First Majestic Silver is out with second quarter financials. Net loss for the quarter came in at $2.6 million ($0.02 cents per share). Production for the quarter was 2.7 million ounces… Continue Reading
The world is at a tipping point for mass production of low cost batteries, according to thirty one year old geologist, journalist and entrepreneur Simon Moores, who is about the embark on a World Tour discussing critical metals. This shift will have a huge impact on the raw materials driving it including graphite, lithium and… Continue Reading
Huge news in junior mining. Frank Giustra, a highly successful and controversial mining financier, with ties to President Clinton, is getting behind one of the richest and arguably most controversial deposits in all of mining. And of course I’m talking about Northern Dynasty Minerals’ (TSX:NDM) Pebble deposit in Alaska, vetoed under the Clean Water Act by the EPA in 2014.… Continue Reading
There’s no other way to put it: Commodities took it on the chin last month. July was the seventh worst performing month for the S&P Goldman Sachs Commodities Index, going back to January 1970. Crude oil saw its steepest monthly loss since October 2008. Both copper and aluminum touched their lowest levels in six years.… Continue Reading
An Open Letter to All Elected Members of the Legislative Assembly of British Columbia Venture Capital is all about speculative investing Innovation and determination for discovery leading to jobs BC has a well earned reputation for raising venture capital, particularly with companies involved in mineral exploration, where BC companies have accounted for about 60% of worldwide… Continue Reading
Good morning from Vancouver, Here are a few junior resource and investing headlines from CEO.CA Chat: Paladin Energy founder John Borshoff has stepped down after 21 years at the helm of the embattled uranium producer. With approx $530 million USD in long term debt (versus $282 million market cap), Paladin has struggled in the post… Continue Reading
A look at a few mining headlines out this morning that caught my eye with some additional comments on each. Pretium Resources (PVG:TSX) and Teuton Resources (TUO:TSXV) – The old saying in real estate is location,location, location! The same can be said in mining that the best place to look for a mine is in… Continue Reading
It seems like an eternity since the S&P/TSX Venture Index pierced the 2,450 mark in March 2011; since then it has collapsed almost 2,000 points, or over 75%, as junior mining equities tumbled in response to falling commodity prices, headlined by gold’s fall from $1,900 per ounce in July 2011 to below $1,080 per ounce… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Is this what a market turn feels like? “Great opportunities in natural resources occur once per decade,” Rick Rule explained at the Symposium. “They occur at the bottom of a ‘bear market.’ “And this ‘bear market’ is the most severe that I have seen since the mid 1980’s. That suggests a… Continue Reading
Unlike many analysts, Joe Mazumdar of Canaccord Genuity does not expect a substantially higher gold price any time soon. So what are hard-pressed gold investors to do? In this interview with The Gold Report, Mazumdar argues that they should seek high-grade resources—usually underground—in stable jurisdictions that benefit from the strong American dollar. And he highlights seven near-term… Continue Reading
Montan Mining (MNY.v) is a small junior miner in the process of acquiring the Mollehuaca Gold Processing Plant in Peru for US $3.3 million. The Plant will allow Montan to process ore for Peru’s formalized small-scale miners, and potentially make a profit in good and bad metals markets. This morning, Montan announced it had secured… Continue Reading
A look at my top news releases out this morning in the mining world. Today we look at news releases from Royal Gold and Randgold. Thanks for reading. Royal Gold – (RGL:TSX) – Royal Gold has been busy issuing a few news releases in the last couple days. 2015 fiscal results were released this morning… Continue Reading
