Noteworthy

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Noteworthy    Glencore buying Rio Tinto could burn hole in Hockey's pocket  The Sydney Morning Herald, December 19, 2014 9:00 AM  See More
Noteworthy
Glencore buying Rio Tinto could burn hole in Hockey's pocket
The Sydney Morning Herald, December 19, 2014 9:00 AM  See More
POSTED ON December 22, 2014 BY James Fraser

Good news out of Seabridge Gold (SEA.T) this morning: they have received a positive federal environmental assessment decision for the KSM project in British Columbia. The federal decision was consistent with the provinical assessment which was awarded at the end of July. The permit allows one of the biggest undeveloped gold deposits in the world… Continue Reading

POSTED ON December 22, 2014 BY CEO Technician

Given a 50% drop in crude oil prices during the last 6 months you might expect a significant washout in net speculative length (# of long contracts minus number of short contracts of both large & small speculators) in crude oil futures. You would be wrong… The shocking fact is that not only has net speculative… Continue Reading

POSTED ON December 21, 2014 BY CEO Technician

Gold enters the final ten days of 2014 in a very interesting, and far from clear, position. Some observations in no particular order: Gold in US dollar terms is down slightly less than 1% year to date while it has actually had a very good year when priced in other currencies There is a great deal… Continue Reading

POSTED ON December 19, 2014 BY Haywood Mining Team

Political Maneuvers Capture Headlines This Week – Zambia and Cuba This week was highlighted by a slew of political headlines from various jurisdictions related to policy shift or regulatory change, each having implications for it’s respective domestic mining sector. Zambia was the latest Nation to move to increase its revenue streams from domestic resources mining,… Continue Reading

POSTED ON December 19, 2014 BY James Fraser

African gold explorer Orca Gold (ORG.V) has named Hugh Stuart company CEO and president effective immediately. Mr. Stuart is one of the founders of Orca and was VP exploration. He has extensive experience in Africa where he helped Red Back Mining grow to an 18 million ounce gold resource. As of last reported financials Orca… Continue Reading

POSTED ON December 19, 2014 BY CEO Technician

An excerpt from the latest Howard Marks gem (The Lessons of Oil): “Further, it’s hard for most people to understand the self-correcting aspects of economic events. A decline in the price of gasoline induces people to drive more, increasing the demand for oil. A decline in the price of oil negatively impacts the economics of… Continue Reading

POSTED ON December 18, 2014 BY James Fraser

  Barrick Gold (ABX.T) announced this morning that operations at the Lumwana copper mine in Zambia will be suspended. The decision comes after the passing of new legislation that will increase the royalty rate from 6 to 20 percent. The new royalty legislation is effective January 1st, 2015 and eliminates corporate income tax but puts… Continue Reading

POSTED ON December 18, 2014 BY Keith Schaefer

There’s a race going on in the oilpatch now to the bitter end—the end of the year. And it’s not being driven by economics.  It’s being driven by the REAL currency in the oilpatch: Reputation. The energy market is cyclical and all the veteran producers and bankers of the oilpatch know this. Each senior management… Continue Reading

POSTED ON December 18, 2014 BY Andrew Nelson

There are few mining executives in Canada with the boardroom and community track records of our pal Mike McPhie, Executive Chairman of IDM Mining (www.idmmining.com) (TSX.V: IDM), Managing Director of JDS Copper and JDS Gold, Chair, BCIT and past Chair, AME BC. Mr. McPhie has over 20 years of global mining experience involving financing, permitting,… Continue Reading

POSTED ON December 18, 2014 BY CEO Technician

Looking over several investor presentations from some of the senior gold producers I came across two interesting slides which both relate to the idea of peak global gold production. The first slide, from Newmont Mining, shows global gold mine supply at a key turning point with supply falling in 2015: This slide shows a roughly… Continue Reading

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