Noteworthy

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Noteworthy    Private Equity’s Quest for Mines Stalls as Commodities Slide   Bloomberg News, September 15, 2014 4:49 PM  See More
Noteworthy
POSTED ON September 15, 2014 BY Travis McPherson

Lukas Lundin’s Lucara Diamond (LUC:TSX) has been one of the best performing natural resource stocks this year.  Shares are up nearly 150% from this time last year on the back of their Karowe mine in Botswana continuing to produce a seemingly endless supply of exceptionally large and high-quality diamonds. In late August, Lucara announced the dates… Continue Reading

POSTED ON September 15, 2014 BY Travis McPherson

Shareholders of the junior diamond explorer, Margaret Lake Diamonds (DIA:TSXV) have been anxiously awaiting the results of a high-impact helicopter survey which was flown over the Margaret Lake property in the Northwest Territories over the past two weeks. The helicopter survey, known as a HeliFALCON survey was initiated at the end of August with the… Continue Reading

POSTED ON September 15, 2014 BY CEO Technician

With the ECB shifting to an über-dovish stance, and the possibility of the Fed hiking rates sooner than expected, the US dollar (USD) has suddenly become the most favored currency on the planet: Click to enlarge In fact, the last time the USD was as overbought as it is now was June 2010 when fears of a… Continue Reading

POSTED ON September 15, 2014 BY Travis McPherson

Nevada is the place where Newmont and Barrick made their names.  It is a place of very large gold operations that have been producing for decades and continue to provide these behemoth gold miners with baseline production and profits. It is estimated that Nevada produces 80% of the total US gold production. This morning, Nevada’s newest gold mine… Continue Reading

POSTED ON September 14, 2014 BY CEO Technician

After shocking the majority of participants by declining for the first 8 months of 2014, long rates look to be headed higher once again: Click to enlarge  It looks like the long end of the interest rate curve put in an important low in yields at the end of August – A 3.50% yield on the… Continue Reading

POSTED ON September 12, 2014 BY Haywood Mining Team

U.S. Dollar Strength Continues to Fuel Broad Based Selloff in Metals This Week Almost no metal was spared this week as the group traded down indiscriminately, with each of the major metals down at least 1.5% since the opening of trading Monday. Nickel was the hardest hit, down 6.5%, marking its worst weekly performance in… Continue Reading

POSTED ON September 12, 2014 BY Thom Calandra

​ BEAVER CREEK, Colorado — The stream from Colorado​’s metals summit is flowing​.​ Oh, and the snow just starting to sprinkle the peaks here at 8,000 feet to 11,000 feet.​ There are many asset managers in the crowd, some with hedge funds and others like Robert Cohen of Dynamic Funds in charge of hundreds of… Continue Reading

POSTED ON September 12, 2014 BY Travis McPherson

Sentiment in the mining sector got a huge boost earlier this year when Sean Roosen’s Osisko Mining was the target of a bitter bidding war between Goldcorp, Yamana and Agnico Eagle which ultimately saw the latter two companies co-acquire Osisko for $3.9 billion in the largest mining M&A deal of the year (so far). This morning,… Continue Reading

POSTED ON September 12, 2014 BY CEO Technician

This morning gold has broken key support near $1240 and hopes for a head and shoulders pattern bottom are all but dashed: Click to enlarge The white oval is the ‘last stand’ area of support I highlighted earlier in the week – gold is currently at a level of ‘oversold’ (green ovals) that has historically… Continue Reading

POSTED ON September 12, 2014 BY Tommy Humphreys

Dundee Capital Markets cheered Nevada Copper Corp.‘s (TSX:NCU) Pumpkin Hollow project in a site visit report published yesterday by analysts Joseph Galucci, MBA and Sean Bracken, B.Eng. Shaft sinking and above ground infrastructure are underway for Stage 1 of the proposed Nevada, USA mine. The first stage is for an underground operation set to ramp… Continue Reading

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