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“Buy low, sell high” is both the most obvious and most difficult investment strategy. Back in late 2014, Patrick Donnelly, President of First Mining Finance (T.FF) knew one man in the Canadian mining industry who had managed to execute on that strategy: Keith Neumeyer.
Interviewing MGX Minerals (CNX:XMG) CEO Jared Lazerson is like kayaking a level 5 rapid: you try to stay upright as the wash of information rushes over you. Lazerson has a lot to say because MGX has been exceptionally busy.
The recent Government of Yukon, in partnership with Yukon Mining Alliance and Yukon Chamber of Mines, lunch in the heart of Toronto’s Bay Street brought some of the Yukon’s most prominent mining executives together with brokers, institutional investors and analysts from the Canadian financial world.
We’ve followed Gowest Gold (V.GWA) for several years and from the get go it was clear Greg Romain was going to build a mine. Right now, at Gowest’s property north of Timmins, Ontario, an underground ramp has been extended 350 meters. “We’re 100 meters from ore,” said Romain. “What we have been seeing is what we expected. Once we hit the ore zone, we will start mining.”
Having a mineral deposit of any sort is the beginning of the process of building a mine. If your deposit is the right grade, if there is infrastructure and a suitable workforce, if you can design a flow sheet which makes economic sense, you might have a mine.
I met David Erfle on the media tour of the Yukon I was on a few weeks back. Quiet, intense and very, very focused. He has to be because he is trading the junior mining market and runs a subscription newsletter from his site juniorminerjunky.com out of Southern California.
We’ve been talking to Paul Gill, President and CEO of Lomiko Metals (V.LMR), for several years as the company has evolved. Lomiko’s goal has always been to develop graphite properties in Quebec. But like many graphite producers, the questions of timing, grade, purity and CAPEX have all had impacts on Lomiko’s path forward.
Igor Gonzales has been President and CEO of Sierra Metals (T.SMT) since May 1 of this year. With three mines, one in his native Peru and two in Mexico, to oversee he has his hands full. Especially as production at two of the three mines was down in Q2 2017.
When you embark on a tour of the upcoming mines of the Yukon the first thing which hits you is the sheer size of the place. Miles and miles of untouched, trackless, wilderness separates many of the properties from any sort of population centre. To cover eight properties and a full-scale mining conference in six days means a lot of fixed wing flying, helicopter jumps and bumpy drives down gravel (if you’re lucky) roads.
The arc of the Tintina fault, running from northern British Columbia through the Yukon and into Alaska contains both the gold rich creeks of the Klondike and the silver hills surrounding Keno City. Within this prolific gold and silver belt you can see the history of the Yukon gold rush and the legacy of the vast underground silver mining operations at Keno Hill. You can also visit camps at every stage of development from raw exploration to fully constructed mines with milling facilities.