Legendary investor, Warren Buffett says “if a business does well, the stock eventually follows.” It is on this theme that mining executive Peter Breese has built his career.
Over the past five years zinc bulls have gone nowhere.
This morning, I spoke with John Dorward, President and CEO of Roxgold who was in Burkina Faso last week meeting with the newly appointed Minister of Mines and getting his new General Manager, veteran underground mining engineer Iain Cox, accustomed to his new digs.
Needless to say, the ETF which mirrors the junior resource markets, hasn’t performed well.
“Anybody who says that the super-cycle is over is an idiot, it’s just been deferred for a little bit”, mining tycoon Robert Friedland told a packed audience in London last week.
Mining legend Robert Friedland and his protege Matthew Hornor’s Kaizen Discovery (KZD:TSXV) continues to be one of the few extremely active junior resource companies. This morning Kaizen announced the sale of a non-core project and the preliminary exploration results from their newly acquired Coppermine project in Nunavut, Canada.
After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa.
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.
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.
For those that haven’t had access to the internet or TV today, the West African country of Burkina Faso’s government has collapsed and is essentially in complete disarray.
The firm is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces of gold resources (only two of the deposits have resource estimates on them).
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.
According to preliminary reports today from Bloomberg, Glencore (GLEN:LN) which is the fourth largest mining company by market capitalization is entertaining the idea of merging with iron-ore juggernaut Rio Tinto which would create the world’s largest mining company in a +$160 billion deal.
Iron ore is the lifeblood of industrial development with China’s ‘build it and they will come’ policy driving prices to a high of over $180 per tonne in 2011. Flash forward and iron ore prices have slumped to break below $80 per tonne, the lowest level in 5-years.
This July, after two years at the helm of the world’s largest gold miner, Jamie Sokalsky stepped down as President and CEO of Barrick.
Commodity funds & investors have bid up zinc prices, anticipating tightening supplies over the next three- four years — with mine supplies not keeping pace with demand growth
For over a year we’ve been following NexGen Energy’s (NXE:TSXV) potential to discover the next high-grade uranium deposit.
World's largest primary silver mine by annual production is BHP Billiton's.
"I am really pleased that First Quantum has successfully acquired our Taca Taca deposit."
Germany opened more coal-fired power plants in 2013 than any other time in the past 20 years.
Mr. Pattison likes his odds with Mr. Turner at the helm again.
Mazumdar looks for companies able to provide asymmetrical returns.
Share price continues to hit all-time highs.
Early work is on time and on budget.
Agnico Eagle has agreed to sell its interest in Sulliden for $1.10 per share or roughly $29.7 million.