November 5, 2015
Carlisle Goldfields (T.CGJ) has agreed, pending shareholder approval, to be acquired by Alamos Gold (T.AGI) in an all share plus warrants transaction. That’s the headline but the story behind the headline says a lot about the current state of the junior resource market.
Abraham Drost, CEO of Carlisle and a long time participant in the precious metals space stated, “The gold market is showing signs of life. History is on the side of precious metals as a hedge against financial risk. Precious metals are not going away…”
Drost went on to say, “Over the last year it has become clear that our Lynn Lake project in Manitoba is a strong development project. The merger between AuRico Resources and Alamos meant that Alamos inherited the AuRico 25% interest in the Lynn Lake Project as well as the 19.9% shareholding AuRico had in Carlisle. However it also included a 3 year $20 million spending committment on a feasibility study to go to 51%. read more…jay
September 29, 2014
Lomiko Metals (V.LMR) was in the rush. It acquired the Quatre Milles property in Quebec. The excitement about graphite was powered by three things – a surge in the price of the refined graphite to all-time highs, the potential demand from the Li-ion battery market which consumes fifteen times as much graphite as lithium and the remarkable new wonder material, graphene. Demand for Li-ion batteries is predicted to soar and graphene has 11,000 patents filed and after a Nobel Prize was awarded for its discovery. read more…Jay Currie
September 2, 2014
In an inhospitable junior resource market it is not enough to have a potentially valuable mineral deposit, a company has to have a plan to mine and process that deposit at low cost with good margins. For Paramount Gold and Silver (T.PZG, NYSE: PZG) working through the numbers at its 100%-owned San Miguel gold and silver project located in Chihuahua State Mexico, has been an ongoing process. read more…Jay Currie
July 18, 2014
We last spoke to Focus Graphite (V.FMS )President and COO Don Baxter in early February at the time the company announced the first ever graphite off take agreement for a Canadian junior. One of the milestones Baxter mentioned was a Feasibility Study (“FS”) on the Focus flagship project, Lac Knife in the Province of Quebec.Jay Currie
July 4, 2014
Elcora Resources (V.ERA) is mining high purity 99.9% C, large to jumbo flake graphite right now. Elcora is in limited, 1-2 tons daily, production in Sri Lanka right now with a sort term goal of 5000 tons per year.
Elcora recently announced the acquisition of the operational equity stake in the Sakura Graphite mine. Elcora’s immediate plans are to construct an onsite graphite and graphene lab as well as a processing and refining mill. read more…Jay Currie
June 24, 2014
Ivan Bebek, CEO of Cayden Resources (V.CYD) knows what it takes to create value in today’s tough mining exploration market. News, good news. “We should have steady news right through the end of the year.” said Bebek, “A news release every three weeks or so.”
Bebek has the key credential in the junior mining business. Before he co-founded Cayden he co-founded the very successful Keegan Resources, now Asanko Gold (AKG-NYSE).
“You need great projects and capital,” said Bebek. For Cayden the main project is the El Barqueno Gold Property in Jalisco State, Mexico. read more…Jay Currie
May 29, 2014
Without any fanfare Ressources Appalaches (V.APP) is quietly returning Nova Scotia’s Dufferin Gold mine to production. May 8th, 2014 the company announced that the crushing unit of the Dufferin Gold Mine processing plant began processing ore and the gravity line at the plant is currently being tested.
May 29, 2014 the company announced the successful completion of a $1,284,050 million private placement to extend and define its Dufferin gold resources. read more…Jay Currie
May 20, 2014
We last talked to Terry Coughlan, GoGold CEO in March. He told us then that GoGold (T.GGD) expected to pour silver at its Parral Tailings project in Chihuahua Mexico in late May. In its May 7 press release GoGold confirmed that it has almost completed construction of its leach pad and had started processing the Parral Tailings.
“We’re loading the ore into the bin” said Coughlan, “We’re expecting actual production near the end of the month or the first week of June.” read more…Jay Currie
April 8, 2014
There are a lot of business models for junior mining companies. Not all work all the time and when times are tight Bayhorse (V.BHS) CEO Graeme O’Neill wants “to deliver value to shareholders as quickly as I can.”
“We have to get out of the fund and spend cycle. Get production at a reasonable rate.” explained O’Neill. At the same time, O’Neill is a realist. “We got our barite mine permitted in 8 months; but the market crashed and no one cared.” (The mine was spun out to German interests and Bayhorse expects production to commence later this year. Bayhorse retained a 30% net profit arrangement with the new operator.)
The sale of the barite interest meant Bayhorse was positioned to act when it was presented with the Bayhorse silver mine opportunity in Eastern Oregon by American Cordilleran Mining Corp, (AMCOR). read more…Jay Currie
April 4, 2014
In this market simply surviving is an achievement. For Beaufield Resources (V.BFD) survival has meant running the company “pretending we don’t have any money” says CEO Jens Hansen who quickly added that, in fact, the company has between 3 and 4 million in its treasury.
Beaufield has been around since 1986 but in the late 1990’s Hansen took it over and, as he puts it, “fixed it up.” Part of Beaufield’s rehabilitation has been to acquire a portfolio of properties, some to develop, some to hold.
March 18, 2014 Beaufield released drill results for the Launay Gold Project in the Province of Quebec. This active property is in the Abitibi gold belt. Beaufield reported results which included 4.04 gpt over 15.52 meters. read more…