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“This is an era of unprecedented change, it’s really happening,” Friedland said. “The handwriting is on the wall. For those of you who deny this phenomenon, you’re going to miss this massive disruption opening soon at a theatre near you.”
Large-cap gold companies are in crisis mode—that’s the truth. Most of them have operational costs, which are near or at $1,250, so they’re employing thousands of workers daily, dwindling their only asset, gold, and at the end of the day, they have little to show for it.
Purdy’s Reward sits within a granted Exploration Licence (E47/1745) which covers an area of 29km2
and sits approximately 16km east of Artemis’s fully permitted Radio Hill processing plant and
associated infrastructure. This exploration licence has heritage survey clearance and valid Programmes
of Works with the DMIRS.
Balmoral Resources Ltd. (TSX:BAR) is pleased to announce that it has entered into an agreement with PI Financial Corp. as lead agent on behalf of a syndicate of agents, pursuant to which the Agents have agreed to offer 4,225,000 national flow-through common shares of the Company at a price of C$0.71 per National FT Share for aggregate gross proceeds of C$2,999,750 read more at Balmoral
MotherlodeTV.net is now live. We produce original material about the Canadian junior mining and exploration sector. We also act as a clearing house for news, press releases and video about junior resource companies.
Red Eagle Mining (TSX: R; US-OTC: RDEMF) announced first gold at its San Ramon underground gold mine in Colombia in late 2016, but ramp-up at the operation hasn’t exactly been going according to plan.
SmallCapPower | August 4, 2017: Only 11 junior mining companies trading on Canadian stock exchanges have generated positive operating cash flow over the past 12 months. Investing in these cash-flow generating assets is much safer than speculating on junior gold companies that have not yet moved into production. When analyzing these cash-flow positive companies, it is important not to pay too much for an ownership stake. Today we have identified four Canadian junior mining stocks trading below the industry median 8x price/LTM operating cash-flow multiple. read more at Small Cap Power
The second leg of the precious metal miner bull appears to be just about ready to begin. The July trading action in the sector was typical for this time of year while the 12-month consolidation of the initial 179% impulse move in the GDX has traded sideways on historically low volume. Realized volatility in the global miner ETF has been in a downtrend since November, as market participants (who are not on vacation) have mostly ignored the miners while continuing to focus on the high-flying US equity market.
With the closing of the Coricancha acquisition, Great Panther expands its operations into Peru. In this interview with The Gold Report, CEO Robert Archer discusses the plans for operating Coricancha, the company’s growth strategy and his decision to step down as CEO. read more
TerraX Minerals Inc. (TXR:TSX.V) released assay results from the Yellowknife City Gold project in Canada’s Northwest Territories on July 18. Surface sampling from the Angel and Duck Lake zones revealed some high-grade results, including 67.5 g/t gold and 4,910 g/t silver at Angel and 20.3 g/t gold at Duck Lake.