Avino Silver & Gold Mines (ASM:TSXV) is a growing low cost silver, gold, and copper producer in Mexico. The company is focused on the historical Avino mine which operated continuously between 1974 and 2001 before closing due to low metal prices. Avino now has two operating mines, the San Gonzalo Mine and the recently reopened Avino Mine.… Continue Reading
Via Energy and Gold.com: The XOP (SPDR S&P Oil & Gas Exploration & Production Index) rose nearly 6% on the day for its 2nd strongest single day performance since December 2011: Today also marks the first daily close above its 50-day simple moving average since August 29th for XOP. The volume and momentum divergences at… Continue Reading
Via Energy and Gold.com: During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. Much in the same way the recent GLD inflows probably have… Continue Reading
The vast-majority of global platinum production comes from tough jurisdictions like South Africa and Russia. Wellgreen Platinum (WG:TSX) has one of the world’s largest undeveloped PGM deposits located in the mining friendly Yukon. An updated PEA was released today (here’s the news release) showing after-tax NPV of CAD$1.2 billion with an after-tax IRR of 24.6% at a 7.5% discount rate. Wellgreen… Continue Reading
Mart Resources (MMT:TSX) is out with a production update for the months of December and January. All signs show that the new Umugini pipeline is ramping up production as expected. At press time the market likes the news sending Mart stock up 6 cents to $0.63 (10.53%). December was the best production month ever for… Continue Reading
At the Vancouver Resource Investment Conference last week, CEO.ca caught up with Largo Resources (TSXV:LGO) CEO Mark Brennan. The company is the only pure play vanadium producer (Vanadium is an alloy that makes steel stronger). Mr. Brennan told us about the vanadium market and how it is growing due to being used in more applications. Mark Brennan, CEO,… Continue Reading
Via Energy and Gold.com: This chart speaks volumes: A striking chart which seemingly shows the effectiveness of the FED’s extraordinary stimulus measures which began in early 2009 as opposed to the ineffectiveness of the ECB’s behind-the-curve monetary policy. While there are many other significant differences between the U.S. and the euro area aside from monetary… Continue Reading
At the Vancouver Resource Investment Conference last week, CEO.ca caught up with Patrick Soares CEO of Foran Mining (FOM.T). Foran is currently looking for a joint venture partner for the McIlvenna Bay project located in Saskatchewan, a large zinc-copper-gold-silver Volcanogenic Massive Sulphide (“VMS”) deposit. The project has a PEA study complete that shows economics of a $262.7 million… Continue Reading
Concerns over EU Economy Grow as Greece Elects Anti-Austerity Government News for the week was dominated by the election of the left-wing Syriza party in Greece, whose election platform centred on anti-austerity rhetoric, concerning EU leaders. It was a decisive victory for the hardline party, falling just two seats short of an outright majority; shortly… Continue Reading
From Mark Hulbert: The Dow Transports haven’t gone anywhere during the past couple of months even as crude oil has fallen a further 20%+ in the same time period. This is a very interesting phenomenon given that one would think that a decline in the #1 input cost for the transport sector would be a… Continue Reading
Matt Lennox-King is the CEO of Pilot Gold, one of the leading mineral exploration companies. We were fortunate to catch up with Mr. Lennox-King at the recent Cambridge House VRIC 15 conference in Vancouver. Yesterday, Haywood Securities upped their price target on Pilot Gold shares from $1.60 to $1.90, maintaining their Buy rating, in a… Continue Reading
At the Vancouver Resource Investment Conference last week, CEO.ca caught up with Silver Standard (SSO.T) CEO John Smith. Silver Standard just released 2014 production results producing 8.7 million ounces of silver, 129,000 ounces of gold, and 30 million pounds of zinc. Mr. Smith thinks the mining industry will face three main issues in 2015. The following is a transcript… Continue Reading
Energy Fuels is a US based uranium producer currently focusing on a major acquisition they just made of Uranerz Energy. At the Vancouver Resource Investment Conference last week, CEO.ca caught up with Energy Fuels (EFR.T) Director Marketing and Development Curtis Moore. Mr. Moore gave us a quick overview of the uranium market before getting into why investors should… Continue Reading
Via Energy and Gold.com: The Canadian dollar (loonie) has completely fallen apart during the month of January, moving from 1.16CAD to the USD to over 1.27CAD to the USD this morning. By currency market standards this is an ENORMOUS move which has deep ripple effects across the economy in terms of trade, travel, and currency… Continue Reading
Via Energy and Gold.com: We have hand picked the 5 most promising charts in the junior resource space – presented in reverse order: 5. Red Eagle Mining (RD.V) After a blistering 60%+ rally during the past several weeks, shares of RD.V have cooled off a bit in the last several days. However, this “2 steps forward,… Continue Reading
