Via Energy and Gold.com: US based gold producer Newmont Mining (NEM) has been a serial underperformer in recent years with shares falling more than 70% from its late-2011 all-time high to the December 2014 low. However, things may be on the verge of turning around for Newmont investors. The stock has carved out a very clear… Continue Reading
Thoughts from a few of my favourite mining news releases out this morning. Asanko Gold – (AKG:TSX) – Asanko is out with pre feasibility results for a Phase 2 expansion at the Esaase project in Ghana. Phase 1 (Obotan) is currently under construction and is fully permitted and financed with production expected in Q1 2016. The economics… Continue Reading
Yesterday on CNBC, I was asked about my investment firm’s previous investment in Uranium One, “Were you in a position to benefit from approval of this deal at the same time that you were writing checks to the Clinton Foundation?” My answer was clear. I said, “No.” It would be unusual for any Chief Investment… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Read online > John Ciampaglia, our head of ETFs, rang the bell at the New York Stock Exchange on Monday – see the videohere. Our gold mining ETFs — SGDM (large stocks) and SGDJ (smaller stocks) — are now trading on the NYSE. Our main subject today, though, is a trend… Continue Reading
Via Energy and Gold.com: The Dow Jones Transports have been putting in a top for the last six months, ever since the parabolic rally of October/November 2014: This is at least the 6th test of the 8500-8600 support/resistance zone since last December and the bounces off this support zone have become increasingly shallow and… Continue Reading
A look at two junior gold producers this morning with some additional comments on each. Semafo – (SMF:TSX) – Semafo is out with Q1 results reporting a net loss of $8.1 million (3 cents per share). Gold production came in at 65,200 which included a planned 5 week shut down of the SAG mill. Semafo reported… Continue Reading
Roy Sebag and Josh Crumb started their business with one simple guiding principle. “We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card,” Sebag said in an interview. “It went from being a hobby of how to do that to this whole… Continue Reading
Slick new infographic from Cambridge House International, Canada’s leading financial conference organizers, promoting their upcoming Canadian Investor Conference in Vancouver May 31-June 1, 2015. Early bird registration is free if you click on the following link: Cambridge House -> More events: Readers might be also interested in Gwen Preston’s Metals Investor Forum, also in Vancouver,… Continue Reading
Via Energy and Gold.com: We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date: CNL carved out a head & shoulders bottom pattern between February and April of… Continue Reading
“Over the next 6 weeks we expect to complete construction and commence commissioning of what we believe will be the newest, and one of the largest, industrial gold milling plants in Peru” says Greg Smith, CEO of Anthem United Inc (TSXV:AFY), of their 350 tonne per day Koricancha gold mill. This is a key milestone… Continue Reading
Seabridge Gold – (SEA:TSX) – Seabridge Gold has released exploration plans for the 2015 season at the huge KSM project in British Columbia. Drilling this summer is fully funded (20,000m) and will test three areas Mitchell, Deep Kerr, and Iron Zone in hopes of finding additional mineralization. Drilling will begin at the Mitchell deposit in… Continue Reading
I can’t believe how I’ve gotten away with what I’ve gotten away with even though I’m so stupid. I was having a weird argument yesterday with my ex-wife. I was trying to say, “I’m stupid” so she was disagreeing and accusing me of lying. So I kept insisting. “I got bad grades all through high… Continue Reading
From CBS News: Robert Ballard has embarked on a new wave of American exploration, inspired by the epic journey of Lewis and Clark more than 200 years ago. This time, it’s not over land, but in a part of the country that lies in the deep sea. You may know Ballard as the man who… Continue Reading
TORONTO • Several mining industry heavyweights have teamed up in a deal they hope will be the first of many as they seek to build a new mid-tier gold producer. Newmarket Gold Inc. and Crocodile Gold Corp. announced a friendly $190 million merger on Monday that will give Newmarket control over most of the combined… Continue Reading
Via Energy and Gold.com: A couple of noteworthy charts from the RBC technical analysis team: (click to enlarge) Dow theory non-confirmation: Despite the S&P 500 essentially sitting at all-time highs and the TSX Composite resting just below all-time highs we are seeing a lot of sector weakness and a distinct lack of participation from the… Continue Reading
