Mick Davis, the former head of Xstrata who was kicked out after the $70 billion merger with Glencore completed in the spring of 2013, announced that his new venture (X2 Resources) just raised an additional US $1 billion. His warchest now sits close to US $5 billion with US $3.3 billion available for immediate withdrawal and another US $1.5… Continue Reading
When I was a talk radio host years ago my producer Robin thought it would be fun to do a spot about ego surfing, or the practice of Googling ourselves. In preparation for what we assumed was going to be a light-hearted look at a mild vanity indulgence, I was instantly horrified to find that… Continue Reading
The long and sustained downturn in the mineral exploration sector has caused share prices to be decimated over the last three years as companies have been incapable of convincing investors to pony up. Even companies with the highest-quality management teams have had to reduce their spend drastically as they batten down the hatches and try to weather… Continue Reading
As I write this the S&P 500 is down nearly 3% in what is the worst day for US equities since 2011. However, it is worth noting the S&P 500 is now testing an important area of support/resistance dating back to the end of last year: Click to enlarge While there is panic in the… Continue Reading
At the Subscriber Investment Summit in Vancouver last Thursday, 35 year old Sandstorm Gold CEO Nolan Watson made the case for a new gold standard. “I believe that if you take actual physical gold in a vault and transact it electronically, that will be the first time in my generation that we will have something that… Continue Reading
“Three out of a thousand good looking prospects become mines,” according to Dave Lowell. The octogenarian geologist has discovered 18 ore bodies in his career, likely a world record, including La Escondida, the world’s largest copper mine. In 2013, Lowell founded a new company, Lowell Copper (JDL.v), with the backing of billionaire resource investor Lukas Lundin, to… Continue Reading
Arian Silver (AGQ.v) announced a $32 million financing with Quintana today. If the deal closes it will be one of the first base metals (lead-zinc) streaming deals completed in the mining space. Arian Silver will use the funds to continue plant construction at the San Jose mine in Mexico. The $32 million dollar financing will be broken… Continue Reading
Investors have long been trained to think that when it comes to gold, deflation is bearish and inflation is bullish. This basic economic theory holds that during inflationary periods the value of paper currency declines (less purchasing power) with every passing day, whereas gold maintains its purchasing power (hence the phrase “store of value”) and appreciates in terms… Continue Reading
Shares of Platino Energy (PZE:TSXV) remain halted this morning after the company announced it would be acquiring Colombia Energy Development Company (CEDCO) for US $50 million in cash. CEDCO is a wholly-owned subsidiary of Global Energy Development Plc. The Rationale: CEDCO holds 100%-interests in three exploration blocks in the Llanos Basin covering roughly 31,000 gross… Continue Reading
Since Lundin Petroleum (LUPE:OMX) began trading in 2001 at an IPO price of 2 Swedish Krona (roughly CAD $0.31) per share, shares have risen 5,265%. To put that in perspective, the stock market darling Apple is up 3,898% over the same period. The Stockholm-based company which is 1/3rd controlled by the Lundin Family Trust has been making… Continue Reading
The team at Semafo (SMF.T) has been busy the last couple days issuing two separate news releases. An acquisition offer has been made to Australian listed Orbis Gold (OBS:ASX) for between 62-65 cents (Australian) per share. The second news release was an operational update on Q3 results and production guidance. The market was impressed with Semafo shares trading up… Continue Reading
An aggressive 8 rig drill program is ongoing at Continental Gold’s Buriticá project in Colombia. Buriticá already contains over 7 million ounces of high grade gold, making it one of the richest deposits not owned by a mid-tier or major mining company. Today Continental announced that ongoing drilling has increased the vertical extent of mineralization by roughly… Continue Reading
A fantastic article on silver production was recently published by SRSrocco Report comparing financial results and production levels from the 12 primary silver producers to previous results. I won’t spoil it for you but the analysis reveals a couple of alarming trends for silver producers. The Primary Silver Mining Industry continues to suffer from manipulated low metal prices. However,… Continue Reading
90% of the feedback I got about “Choose Yourself” was about one thing: How to bridge harsh reality with the world of imagination: how to become an Idea Machine. For my whole life I felt like a stray dog, dashing around until I could survive in the jungle. But I was lost and it took… Continue Reading
After last week’s drubbing the S&P 500 has fallen to an area of confluence from which a bounce seems quite likely at some point over the coming days: Click to enlarge While a 30-50 point rally in the S&P could certainly materialize over the next couple of days, the damage inflicted across global markets is… Continue Reading
