A couple of the news releases that caught my eye this morning in the resource world and a brief comment on each. Banks Island Gold (BOZ:TSXV) –  Banks Island has decided to sell 100% of the silver production from the Yellow Giant project moving forward to SilverStream for $250,000. SilverStream (a private company) will still be… Continue Reading

Friday Plunge in Gold Price After Better-Than-Expected U.S. Job Numbers The price of gold plunged on Friday after better-than-expected U.S. jobs figures, with the country’s economy expanding by 295,000 jobs in February compared to 239,000 in January, while the unemployment rate fell to 5.5% from 5.7%. Gold fell $32 on Friday, and finished at $1,167… Continue Reading

A little-known gold exploration company in Turkey is attracting the interest of speculators in the junior resource sector. On February 12, 2015, Mariana Resources Ltd. (MARL-LN) released its findings from a property in Eastern Turkey, called the Hot Maden Prospect.1 The discovery is jointly-owned by Turkey-based Lidya (full name “Lidya Madencilik Sanayi ve Ticaret”). Mariana… Continue Reading

Kitco news hosted by Alex Letourneau recently filmed a 20 minute segment of ‘At the Bar’ in Toronto with CEO.ca founder Tommy Humphreys, Exploration Insights Brent Cook, and Keith Neumeyer CEO First Majestic Silver. The group discuss profits in the mining sector costs, the quality of gold deposits, under investment in exploration, have mining companies/investors learned any… Continue Reading

A tough day for commodity stocks so far with gold,silver,platinum,copper,and oil all down well over 1% in early trading this morning. The US added 295,000 jobs in February beating consensus and driving the USD higher sending commodity prices lower. The US dollar was also at a 12 year high against the Euro after the strong jobs report.… Continue Reading

Could equity crowdfunding fix junior mining’s financial woes? The Globe and Mail asked this question of a number of PDAC participants, and heard a variety of responses. The least optimistic of which came from one of the sector’s most accomplished faces. “The trouble with mining and exploration is it requires large amounts of capital,” Mr.… Continue Reading

Since gold topped out near $1307 in late-January the yellow metal has followed a standard script in its descent; violent $10-$20 down moves that occur in a matter of seconds or minutes followed by much lengthier sideways or slightly rising consolidations. The action of the last 2 weeks has been no different and this morning… Continue Reading

Via Energy and Gold.com:   Daily Commodity Chart Wrap 3/5/2015: A couple of crude oil charts that demonstrate U.S. production and supply are showing no signs of let up despite a major drop off in rig counts:     We are currently at record levels of US crude oil supply:       Meanwhile, the “golden… Continue Reading

Brent Cook the author of the newsletter Exploration Insights sat down with Mark Bunting for an hour long program discussing junior mining stocks on BNN market call last night. Brent mentioned three top picks for viewers. Mariana Resources (MRRE.L) – A new exciting drill story in Turkey with a market cap of ~$20 million and $2-$3… Continue Reading

As the mining world departs the annual PDAC conference a quiet day on the news front. Here are two news releases that did catch my attention. Altius Minerals and Callinan Royalties – (ALS:TSX and CAA:TSXV) – Altius has made an offer to acquire all the shares of Callinan for for 0.163 of an Altius common share and C$0.203… Continue Reading

I don`t watch much TV at all unless it is professional sports but one of my must catch shows is the hit reality show Gold Rush on the Discovery Channel. Gold Rush is one of the most popular shows on television on Friday nights (US) the last several weeks attracting upwards of 6 million viewers.… Continue Reading

Josh Wolfson, Vice President, Senior Mining Analyst at Dundee Capital Markets did an excellent presentation at PDAC on the topic “Observations with Respect to Grade in the Gold Mining Industry”.  Mr. Wolfson hit on the topics of grade trends, grade economics, as well as provided case studies on the impact of grades on valuation. The study used… Continue Reading

Via Energy and Gold.com: Encouraging comments from Colombian Minister of Mines and Energy Tomas Gonzalez this morning at PDAC sent Continental Gold (CNL.TO) shares soaring 10% before pulling back late in the trading session. Gonzalez stated that Buriticá’s environmental permit could come in May, a couple of months ahead of CNL’s timeline guidance. While government officials tend to… Continue Reading

A red morning across the board so far in the markets as the TSX is down (-111.8 ) and the TSX V is down (-4.69). Commodities in red include gold,silver,platinum, and oil (as of press time). Oil is down ~1.5% after a large build in inventory of 10 million barrels according to the EIA. Just… Continue Reading

Via EnergyandGold.com, of undeveloped gold projects globally, few have the grade, size and potential of Pretium Resources’ Brucejack gold project, and specifically, the Valley of the Kings area, near Stewart, British Columbia, which contains 6.9 million ounces of gold at 15.7 grams per ton and is open for expansion. Pretivm is among the most valuable… Continue Reading