A few interesting mining news releases this morning. Here are my top stories of the day with additional comments provided. Midway Gold (MDW:TSX) – Midway Gold is out with an updated resources estimate at the newly producing Pan mine in Nevada. Midway has just started initial production at the mine and ~4300 ounces have been produced so… Continue Reading
Via Energy and Gold.com: Last week was a messy one for the gold miners. It began with yet another failure to break-out above resistance followed by what was shaping up to be a steep decline before buyers stepped in and price closed down a modest 1.48% for the week. While the price action remains messy,… Continue Reading
Enter mining legend Robert Friedland to one of South America’s most promising exploration projects. High Power Exploration (HPX), a private company controlled by the billionaire mine developer, is making moves in one of Colombia’s most fertile copper and gold exploration districts. This morning, Cordoba Minerals (TSXV:CDB), a TSX-Venture listed and Toronto-based mineral exploration company, announced… Continue Reading
On Monday, the UxC weekly Spot price of uranium recorded its biggest 1-week decline since November 2014, falling 6.5% week-over-week, culminating in a drop of 10.5% over the last five weeks. However, throughout this week, the daily UxC Broker Average Price (BAP), which is closely correlated with spot price, gained 3%. Despite the rise in… Continue Reading
If you’re reading this blog you likely have more than a passing interest in the mining industry. And if you work or invest in the space you’ve likely spent the last several years trying to do one or more of the following: keep your job, find a new job, or slow the inevitable hemorrhaging of… Continue Reading
Tekoa Da Silva recently spoke with Rick Rule, Chairman of Sprott U.S. Holdings, on video for our readers. In this discussion, Tekoa and Rick get into the ‘nuts and bolts’ of speculating in exploration stocks. What’s the right amount to have in these stocks? What should a resource portfolio look like in different market cycles?… Continue Reading
Via Energy and Gold.com: This is an interesting graphic courtesy of RBC illustrating a large drop-off in managed money (CTAs, commodity pool operators, etc.) positioning in commodity futures: After reaching extremely high net long exposure earlier last year before the crude oil crash, managed money positioning has fallen off a cliff and moved down to a… Continue Reading
A look at my top press releases in the mining world this morning. Luna Gold – (LGC:TSX) – Fantastic news for struggling gold company Luna Gold shareholders this morning announcing a $20 million debt and $10 million dollar equity financing with Pacific Road Resources Funds. LGC is not out of the woods yet though as… 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
Today we are talking about liberty, social media and the securities business with Rick Rule, the best communicator in the mining investment business, and the chairman of Sprott USA, the world’s leading natural resources and precious metals investor. Mr. Rule has his own agenda for our call: he wants to remind the market of Sprott’s… Continue Reading
Vancouver is best known for its real estate, mining and technology sectors, but there is a vibrant community of value investors who convene each year at the McElvaine Investment Management Partner’s Conference, which was held at the Terminal City Club yesterday. The event is put on by Tim McElvaine, a highly respected and experienced value investor, portfolio manager and… Continue Reading
A look at headlines that caught my attention today and some additional thoughts on each company. Golden Star Resources – (GSC:TSX) – Golden Star is a company I used to track a few years back but lost interest in due to high costs. This morning GSC announced a significant transaction with Royal Gold (RGL:TSX) completing a… Continue Reading
Disclosure: Please see applicable disclosures here. Peter Epstein, CFA, MBA Twitter: @peterepstein2 Via EpsteinResearch.com, It’s difficult to overstate the importance of Skeena Resources’ (SKE.V) latest upsized, non-brokered capital raise. Instead of $4 million, the company raised $6.5 million and it could have raised more. The raise was done at the market. Best of all, no warrants were… Continue Reading
The Shale Revolution is strictly a North American game. Before the Great Commodity Collapse of 2014, it really never found its footing anywhere else in the world. Of all the plays I looked and of the few I covered, only one showed any real promise—the Vaca Muerta oil play in western Argentina. I’m now making… Continue Reading
Via Energy and Gold.com: It might be hard to believe but WTI crude has rallied nearly 50% since March 17th. While crude’s recent rally has certainly taken the crowd by surprise (as illustrated by tremendous short covering in the exchange traded fund USO) there’s ample reason to believe that crude oil’s upside move may have… Continue Reading
