Friday Precious Metals Rally Bucks Downward Trend – Equities Take Note Gold and silver were relatively flat during the week up until Friday, where both metals surged to monthly highs. Gold and silver rose 3% and 5% respectively from Friday morning before finishing at US$1,190 and US$16.30 per ounce respectively. The sudden rise in gold… Continue Reading
B2Gold (BTO.T) has been extremely busy over the last several years acquiring companies and growing production. And management at the company is known in the industry for bringing mines into production on time and on budget. However, quarterly results for B2Gold were reported today and reactions were mixed as the company moves into a big growth… Continue Reading
In a shocking move, the world’s largest producer of thermal coal, Glencore (GLEN.LON), announced yesterday that it will shut down its Australian coal operations for three weeks starting in mid-December. An estimated 5 million tonnes of output (roughly 6% of Glencore’s annual Australian coal output) will be cut from the markets as a result. Seaborne thermal-coal prices remain at… Continue Reading
The monthly chart of USD/JPY (US dollar in Japanese yen terms or ¥ per $) illustrates a massive bear market (bull market in yen) which began in 1998 and ended during the 2nd half of 2011: Click to enlarge Given that USD/JPY is referring to the Japanese yen price of the US dollar, rises in USD/JPY mean… Continue Reading
Investors have sent shares of Mart Resources (MMT.T) tumbling to a 2 year low of 85 cents this week. Two reasons for the sell-off are the delays on the Umugini pipeline and the recent decline in oil prices. Mart has been operating the Umusadege field in the in Delta State, Nigeria with partners Midwestern Oil and Gas Plc… Continue Reading
The Fraser Institute rated the Canadian province of Quebec number one in 2011 for mining companies to operate in. Since then, la belle province has fallen out of the top 10 to rank at 11 last year due to regulation changes which caused certain mining projects to come under scrutiny. Most of the projects that were scrutinized were… Continue Reading
Just a couple of days after announcing a strategic investment and JV agreement with AuRico, Carlisle Goldfields (CGJ.TSXV) has been offered $0.096 per share in an all-cash takeover from Nordgold. Nordgold is a London-listed gold producer that operates nine mines across four countries and produced 924,000 ounces of gold in 2013. It is 84.4% owned by Russian oligarch, Alexey Mordashov. The… Continue Reading
IDM Mining (IDM.T) is one of just a few mining companies actively moving forward in a tough market environment. After raising close to $2.5 million in September the company has been busy drilling at the Red Mountain project 15km east of Stewart B.C. Red Mountain is located in BC’s Golden Triangle where the likes of Pretium Resources and Seabridge Gold are… Continue Reading
The ultimate goal of any gold producer should be to make money for shareholders. After looking at a fair number of recent quarterly results, it appears that very few gold companies are accomplishing this currently. One company that is delivering profits in its first year of production is Klondex Gold (KDX.T). Klondex operates the Midas mine and Fire… Continue Reading
The following piece from Yahoo! Finance (Michael Santoli) is making the rounds: A final purge to $700? What gold bulls’ surrender might look like. It has a sexy title that draws forth the reader’s curiosity and the piece does a decent job of summarizing the overall state of the gold market in a cogent and to the… Continue Reading
Patient and steadfast uranium investors were given an early Christmas present last week when the Japanese community of Satsumasendai announced approval of the restart of the Sendai nuclear power-plant, the first restart to be approved in Japan since the 2011 Fukushima disaster. In addition, an unusual amount of demand entered the spot market leading up to the announcement of… Continue Reading
Matthew Hornor’s Kaizen Discovery (KZD.TSXV) announced its latest acquisition this morning: Tundra Copper, a private copper explorer with assets in Canada’s tundra. Kaizen made an all stock offer to acquire Tundra and their Coppermine River project, valuing the early-stage explorer at approximately $2.5 million. In the release, Kaizen also announced that they staked 3,320 square kilometres of land and applied… Continue Reading
In a tough market for mining equities royalty companies continue to be solid investments, and in fact, outperform producers. Silver Wheaton (SLW.T) the world’s largest silver streaming company, is an excellent example of this. The company reported net earnings of $4.5 million (1 cent per share) for the third quarter this morning. Silver Wheaton is well… Continue Reading
Legal marijuana is staking its future in Canada as a rush of investors and venture capitalists compete to win the easy, early profits from medicinal sales. Plus, it’s become easy to find out all you need to know about starting a business in this industry by simply searching something as simple as mj consulting and… Continue Reading
In a capital intensive business such as mineral exploration and development, the ability for a company president or CEO to find new money is of paramount importance. One such junior mining CEO, John-Mark Staude of Riverside Resources (RRI.TSXV), is an experienced, hard working geologist and deal-marker we trust. Luckily for Riverside they do not need… Continue Reading
