With construction under way at the Karma project True Gold Mining (TGM.V) has released a PEA on its North Kao Deposit, showing that it contains 312,000 inferred gold ounces at a grade of .98 grams per tonne. As the North Kao deposit is located in close proximity to the planned Karma processing facilities the economics… Continue Reading

Last week West Text Intermediate Crude Oil (WTIC) fell below $80/barrel for the first time in more than two years. While the sell-off has been sharp and powerful there are good indications that the worst is likely over for black gold with the ~$80 price level serving as major support: Click to enlarge   On an… Continue Reading

Grenville Strategic Royalty Corporation (GRC.V) is any interesting non resource stock that is worth taking a look at. Grenville seeks a highly diversified portfolio of small royalties based on a percentage of revenues in well-managed companies. The company is still fairly small and is trading at 67 cents per share with a ~$38 million dollar… Continue Reading

“If you don’t do macro, macro will do you.” – Mitchell Julis Bear market rallies can be fierce. The hope for a bottom ignites a chase, especially when market participants are playing from behind; this only serves to increase exposure when investors should be doing the opposite. That makes this market as difficult as any… Continue Reading

My daughter is reading my favorite book. “I’m on page 112,” she says, “of The Choose Yourself Stories”. This is my collection of more personal stories about my life. I never marketed it. Just put it out there. But she found it. Now she has a lot of questions like, “Why did you always want… Continue Reading

The opportunity to buy a $1 bill and pay only $0.50 for it was created earlier this year in the shadow of the largest gold M&A deal of the year. The $3.6 billion acquisition of Osisko was announced in April when Goldcorp made a hostile offer for the Canadian gold miner and ultimately saw Agnico-Eagle/Yamana jointly outbid… Continue Reading

Solitario (SLR.T) and  joint venture partner Ely Gold (ELY.V) have released an NI 43-101 Feasibility Study on the Mt. Hamilton project in Nevada. The project is on track to become one of Nevada’s newest gold producers and shows positive economics. The next major step will be to close project financing. The Feasibility Study is an update from a… Continue Reading

Mining Equities Recover After Early-Week Slump Metal prices were mostly down again for the week, with the exception of gold which bucked the trend, rising 1.2% to $1,239 per ounce as of Friday. Mining equities were down on Wednesday, with the TSX Composite and TSX Venture down as low as 13,732 and 772 respectively, before… Continue Reading

I will have a full market summary out on Sunday but for now I found two of this afternoon’s Commitments of Traders (CoT) reports to be quite curious; small speculators have moved to a record short position in gold futures (net short 6,592 contracts for a notional value of roughly $818 million), while total speculative… Continue Reading

Richmont Mines (RIC.T) stock is on a tear since early June providing shareholders an excellent return in the last five months. The company today named Renuad Adams as president and CEO. The announcement comes just one day after Renaud resigned from his position of president and COO at Primero Gold. Richmont had been looking for a… Continue Reading

On the back of Mexico opening up its oil sector to foreign investors for the first time in 76 years, Colombia’s largest state-owned oil company, Pacific Rubiales (PRE:TSX) has decided to join in. The company, which produced 149,011 boepd (net) in Q2, signed a 3-year memorandum of understanding (MOU) with Mexico’s state oil company Petróleos… Continue Reading

The season premiere of CBC’s popular show Dragons Den aired last night in Canada. The new season features two new dragons, Vikram Vij and Michael Wekerle who are expected to breathe new fire into the show. The hit show enters season 9 with Vij and Wekerle replacing the popular duo of Kevin O’Leary and Bruce Croxon.… Continue Reading

Of the 15+ compelling stories told at our first ever Subscriber Investment Summit in Vancouver last week, one that stood out was NexGen Energy (NXE:TSXV), which made a rapidly growing Canadian uranium discovery in 2014 at the Arrow Zone. NexGen’s CEO, Leigh Curyer, previously managed a $500 million private equity fund with the mandate of finding… Continue Reading

Seabridge Gold (SEA.T)  is developing the monster KSM deposit in British Columbia. The project already boasts proven and probable reserves of 38.2 million ounces of gold and 9.9 billion pounds of copper. Drill results from the Lower Cap zone are outlining a major new copper-gold discovery below the Iron Cap zone. Seabridge ranks seventh when it comes… Continue Reading

Ten days ago before all the recent fun started we penned a piece entitled “2008 Redux?”. The main point of this piece was to highlight the striking similarities between the current market and the lead up to the 2008 market meltdown. Most notably we just witnessed one of the worst months ever (September) for commodities… Continue Reading