There’s a race going on in the oilpatch now to the bitter end—the end of the year. And it’s not being driven by economics. It’s being driven by the REAL currency in the oilpatch: Reputation. The energy market is cyclical and all the veteran producers and bankers of the oilpatch know this. Each senior management… Continue Reading
There are few mining executives in Canada with the boardroom and community track records of our pal Mike McPhie, Executive Chairman of IDM Mining (www.idmmining.com) (TSX.V: IDM), Managing Director of JDS Copper and JDS Gold, Chair, BCIT and past Chair, AME BC. Mr. McPhie has over 20 years of global mining experience involving financing, permitting,… Continue Reading
Looking over several investor presentations from some of the senior gold producers I came across two interesting slides which both relate to the idea of peak global gold production. The first slide, from Newmont Mining, shows global gold mine supply at a key turning point with supply falling in 2015: This slide shows a roughly… Continue Reading
As a Canadian living in the United States (legally – I’m a permanent resident), Americans routinely ask me when I’m going to become a US citizen. “I can’t wait to throw a party for you when you become an American”, gushed one California friend on the golf course the other day. In fact, all my… Continue Reading
The Lundin Group is one of the most accomplished resource development groups on the planet. They have a long history of going into tough political jurisdictions, taking advantage of the discounts created by the perceived risks and turning a huge profit thereafter. For Lundin Gold (LUG.TSX), which today announced the closing of the acquisition of the… Continue Reading
Over the weekend we pointed out this would be a crucial week for markets. This week’s volatility hasn’t really cleared anything up although there are some notable observations to be made after today’s trading session: Equities found support at an area of previous resistance and a key Fibonacci level Today’s large rally in interest rates is… Continue Reading
A prospect generator is a mineral exploration company that identifies drill targets and finds partners to pay for the drilling. By farming out the projects, they reduce their risk, and often keep a piece of the upside. This is considered a more sustainable junior mining business model than pure grassroots exploration in a concentrated vehicle.… Continue Reading
A few weeks after rumours began swirling that the largest US silver producer, Coeur Mining, was in talks to acquire Canadian-listed Paramount Gold and Silver (PZG.TSX), the two companies announced this morning that the merger is real. Coeur announced it will absorb Paramount in an all-stock transaction that values Paramount at $0.90 per share or $146 million (based… Continue Reading
This morning, Spanish energy firm Repsol agreed to buy Talisman Energy (TLM.T) in a $8.3 billion dollar deal ($8 USD per share -$9.33 C$). The deal is expected to close in the 2nd quarter of 2015. Investors have been speculating over a Repsol Talisman takeover or partial asset purchase for several months. With the recent… Continue Reading
Well before the Bay Area became a Mecca for venture capitalists, San Francisco-based asset manager Paul Stephens earned a fortune as an investor in the mining industry’s petrie dish. Paul H. Stephens may be back to his old tricks. According to recent SEDAR filings, he has increased his stake in mining prospect generator, Eurasian Minerals Inc. (C:EMX). Mr.… Continue Reading
The big news across financial markets this morning is the huge sell-off in the Russian ruble overnight. The Ruble was trading below 60 vs. the US dollar early Monday morning and surged to over 80 rubles to the dollar overnight – there are even reports of currency brokers asking 100 rubles for a greenback on the streets… Continue Reading
The 5-year break-even inflation rate fell below 1.2% for the first time since the summer of 2010: This level of inflation expectations is certainly testing the lower bound of the FED’s comfort zone. In fact the last time that the 5-year break-even fell below 1.2% the FED began floating the idea of QE2 and former… Continue Reading
Nevada Copper (NCU.T) has received the Yerington Land Bill from the US Senate and House of Representatives. The land bill means that one more hurtle has been cleared as the Pumpkin Hollow project moves toward production. The project is one of the few copper projects worldwide that has a clear path to production. The Pumpkin Hollow project hosts… Continue Reading
One of the best performing junior mining companies of 2014 is concluding the year with yet another vote of confidence. Mark Smith and Peter Dickie’s Niocorp Developments Ltd., which is developing the Elk Creek niobium project in Nebraska, has seen its share price climb five fold already this year, on the back of team building,… Continue Reading
We just completed the worst week for the S&P 500 since May 2012 and there are more warning signs out there across markets than there are Christmas lights on my neighbor’s house. However, every time things have begun to look bleak this equity bull has picked up its horns and trampled over anyone who has dared to… Continue Reading
