Press Releases
Noteworthy    Teck, Antofagasta Said to Explore Copper Mining Merger  Bloomberg, March 30, 2015 11:42 AM  See More
POSTED ON March 22, 2015 BY Travis McPherson

Over the weekend a number of African media outlets including Tigrai Online (an Ethiopian news source) have claimed that the Bisha mine operated by Nevsun Resources (NSU.TSX) was the target of an attack by the Ethiopian air force during two bombing raids.  According to the reports, the air force also targeted an Eritrean military depot.… Continue Reading

POSTED ON November 18, 2014 BY Travis McPherson

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. The company says it has sent out formal notifications to provincial authorities and landowners to return to work.   They have begun moving the required plant and… Continue Reading

POSTED ON August 01, 2014 BY Travis McPherson

After being halted in the morning, Belo Sun (BSX:TSX) which is developing the 7.2 million ounce Volta Grande gold  project in Brazil announced that the Federal Court of Appeal in Brasilia ruled that the company’s preliminary licence is fully valid and in force. Shares are up 14% on 905,000 shares traded since resuming after the news this morning.… Continue Reading

POSTED ON July 24, 2014 BY CEO Technician

Economic bellwether Caterpillar (CAT) reported disappointing revenue numbers this morning and the stock is under pressure: Click to enlarge  Breaking the large rising wedge to the downside – support exists near $105 and then at the May lows in the $100-$101 area In its earnings press release Caterpillar attributed much of the top line weakness… Continue Reading

POSTED ON July 08, 2014 BY Travis McPherson

Joe Mazumdar is the Director of Research and a Senior Mining Analyst at Canaccord Genuity Inc. here in Vancouver. He has a particularly interesting perspective on the mining sector, having spent the majority of his early years at large companies including: Mount Isa Mines (Australia), Rio Tinto (Argentina), Phelps Dodge (Phoenix, USA) and Newmont (Denver,… Continue Reading

POSTED ON June 26, 2014 BY Travis McPherson

Torex Gold (TXG:TSX), the owner and developer of one of the richest undeveloped open-pit gold mines in the world, has provided an update on how well the development of their Morelos project in Mexico is going (start-up scheduled for late 2015) as well as the latest results from their infill drilling program. The company has begun mining… Continue Reading

POSTED ON June 26, 2014 BY Travis McPherson

This morning, African gold developer Roxgold (ROG:TSXV) announced they have mandated Credit Suisse and Societe Generale to find them $75 million in a senior project debt facility by year end.  The money will be used to bring the high-grade Yaramoko project in Burkina Faso into production by early 2016. The project is expected to cost around… Continue Reading

POSTED ON June 13, 2014 BY Travis McPherson

While B2Gold’s evaluations team has been busy with their purchase of Papillon Resources for $570 million worth of stock, the team at the company’s newest gold mine, Otjikoto, continues to bring the project closer to first gold by year-end. This morning, B2Gold provided investors with the latest drilling results from the high-grade Wolfshag zone which continues to… Continue Reading

POSTED ON May 27, 2014 BY Travis McPherson

Yesterday, Australian-listed Papillon Resources (PIR:ASX) was halted at the company’s request pending a “potential corporate transaction”.  If Papillon is part of a larger producers’ M&A mandate, then it would represent the 3rd such gold transaction in the past 2 weeks. Last week saw Rio Alto make a friendly, $300 million, bid for nearby Sulliden Gold and… Continue Reading

POSTED ON May 21, 2014 BY Travis McPherson

Five years after starting, Canadian resource-focused investment dealer, Byron Capital Markets has shut its doors.  Due to the lack of fundraising needs of mining companies in Canada, these boutique investment dealers, whose lifelines are small equity raises, are having a difficult time keeping afloat.  In this environment, the boutiques that lack significant advisory businesses (see… Continue Reading