With the gold price down to $1170 per ounce this morning with positive job numbers out of the United States. I decided this morning to take a quick look at 5 gold producers who are making money at the current gold price. For my quick analysis I looked at the Q1 results of each company… Continue Reading
Many of us are aware that 400 billionaires appear on Forbes’ list of the wealthiest Americans. But if you had to guess what percentage of them is self-made, what would you say? A quarter? A third? Before I give you the answer, let me posit which way Thomas Piketty might lean. If you’re unfamiliar with… Continue Reading
Kaminak Gold – (KAM:TSX) – Kaminak has released drill results from the Kona North and Dolce areas of the Coffee gold project in the Yukon. Kona North is 1km north of the Kona deposit while Dolce is 1.1 km south. The Kona deposit is small and contributed ~26,000 recoverable oxide gold ounces to the Coffee… Continue Reading
Not many exciting press releases out this morning but the following did catch my eye. Torex Gold – (TXG:TO) – Torex’s construction at the large El Limon mine in Mexico is now two-thirds complete. The project remains on schedule for first pour in the fourth quarter of this year. Torex also drew down $50 million… Continue Reading
The high-grade Spectrum gold project in British Columbia’s Golden Triangle will see a $3.5 million, 10,000-12,000 metre drill program this summer thanks to $8.1 million in financings by its operator, Skeena Resources (SKE.V). Skeena is led by American businessman Walter Coles, CEO, and Canadian Mining Hall of Famer geologist Ron Netolitzky, Chairman. Mr. Netolitzky helped find… Continue Reading
Via Energy and Gold.com: As John Maynard Keynes famously stated “When the facts change, I change my mind. What do you do, Sir?”. I am very close to changing my mind on the direction of long-term interest rates. The chart of the 10-year US Treasury Note yield shows that a formidable bottoming pattern has been formed… Continue Reading
A look some of the press releases catching my eye this morning. Bear Creek Mining – (BCM:TSXV) – Bear Creek has released an updated feasibility study on the Corani deposit in Southern Peru. Corani is one of the worlds largest silver-zinc-lead deposits and was discovered in 2006. Bear Creek states that the area is mining… Continue Reading
Lion One Metals (LIO-V, LOMLF-Q, LLO-ASX) The Bullet Points: Lion One Metals just released a very impressive Preliminary Economic Estimate for their Tuvatu project indicating an after-tax IRR of 52% (payback in 1.5 years) and an after-tax NPV over four times the size of Lion One’s current enterprise value. Capital requirements for start-up are light… Continue Reading
This past weekend I attended the Metals Investor Forum hosted by junior mining newsletter writers Gwen Preston (Resource Maven), Eric Coffin (Hard Rock Analyst), John Kaiser (Kaiser Research Online), and Brien Lundin (Gold Newsletter). I had the chance there to speak with Darin Labrenz, CEO of Pure Gold Mining and we discussed their Madsen Project… Continue Reading
TORONTO – Canada’s initial public offering craze is finally seeping into the mining sector, as TMAC Resources Inc. has launched the sector’s first significant IPO in many months. The Toronto-based company, which is named after its well-known executive chairman Terry MacGibbon, is planning to raise $105 million, according to a preliminary prospectus filed with regulators.… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Read online > Steve Todoruk, a broker at Sprott Global Resource Investments Ltd., has been calling attention to a trend that few investors have noticed in small gold miners. His last note focused on Canada, but this trend has been taking place all around the world. What’s the story? We are… Continue Reading
A Vancouver-based gold junior operating in Fiji came out with a PEA this morning that has supporters of the company singing its praises. Read: Lion One Announces Robust Preliminary Economic Assessment for High Grade Gold Operation at Tuvatu Project in Fiji. PEA Highlights (all amounts are quoted in $USD utilizing a base case gold price of $1,200… Continue Reading
A look at some of the mining headlines crossing the wires this morning with some additional thoughts. Zenyatta Ventures – (ZEN:TSXV) – Zenyatta is out with the much anticipated PEA on the Albany hydrothermal graphite project in Northern Ontario, Canada. The PEA has returned results of a base case after-tax Net Present Value at a 10% discount… Continue Reading
Via Energy and Gold.com: It’s been a long time since i’ve seen such an abundance of yellow/red flag warning signs out there. At this moment I would be remiss if I did not point out all the warning signs i’m seeing: M&A activity during the month of May is set to blow the previous record month… Continue Reading
I had the privilege of attending the Metals Investor Forum 2015 held in Vancouver, BC on Saturday May 30th. The event was well attended with ~350 people. Attendees included retail investors, brokers, company executives, mining engineers, investor relations, accountants, and the odd analyst (blogger). The conference was put on by the four mining newsletter… Continue Reading
