News & Features

$1522 “Next Target for Gold”, But Dealers in Asia See “Sudden Surge” in Physical Bullion Demand

London Gold Market Report

fromBen Traynor

BullionVault

Tuesday 15 May2012,07:30 EDT

$1522 “Next Target for Gold”, But Dealers in Asia See “Sudden Surge” in Physical Bullion Demand Read more

TSX Mine Financing Alerts: Who’s Got the Money?

The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.

Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.

NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!

 

Date	Company Name (Click to open profile)	Symbol	How Much?	Status
May 14, 2012	HudBay Minerals Inc	HBM	$400,400,000.	Proposed
May 14, 2012	Yukon-Nevada Gold Corp	YNG	$6,999,999.	Proposed
May 14, 2012	North American Nickel Inc	NAN	$3,400,000.	Proposed
May 14, 2012	Cassius Ventures Ltd	CZ	$700,000.	Proposed
May 14, 2012	El Nino Ventures Inc	ELN	$1,999,999.	Proposed
May 14, 2012	Geomega Resources Inc	GMA	$206,250.	Proposed
May 14, 2012	King’s Bay Gold Corp	KBG	$450,000.	Proposed
May 14, 2012	Gold Reach Resources Ltd	GRV	$150,000.	Proposed
May 14, 2012	Global Hunter Corp	BOB	$2,000,000.	Proposed
May 14, 2012	Red Tiger Mining Inc	RMN	$2,000,000.	Proposed

Jordan Raises Fees on Phosphate to Boost Revenue, Al Arab Says

Click here to read the whole story or read an excerpt below.

By Mohammad Tayseer

Jordan’s government plans to more than double fees imposed on phosphate mining to $5 from $2 a metric ton to boost government revenue, starting in the second quarter of next year, Al Arab Al Yawm reported.

The government received about 8.8 million dinars ($12.5 million) in mining fees from Jordan Phosphate Mines Co. (JOPH) last year, the Amman-based newspaper reported, Read more

A shift in Indian gold buying patterns?

Click here to read the whole story or read an excerpt below.

By Shivom Seth

Gold ETF holdings in India have reached stratospheric numbers. Sliding close to the $2 billion mark for the first time as of April 30, Indian investors appear to be veering towards paper gold, shunning the stock markets and the purchase of physical gold with equal ease.

Assets in gold electronic traded funds (ETFs) increased to Rs 103.06 billion ($1.91 billion) Read more

Which miners can raise debt to boost returns and dividends

Click here to read the whole story or read an excerpt below.

By Jonathan Ratner

Precious metals producers continue to underperform both gold and silver, which are up roughly 2% and 5%, respectively, year-to-date.

This gap is a result of inflation concerns across the mining industry, which are being manifested in the form of growing capital expenditures and cash costs, in addition to an uncertain long-term outlook for bullion. Read more

Part 3: The World’s Most Remote Mines

Diamonds deposits are often discovered in incredibly remote areas. Although the Argyle Diamond Mine is located a very long drive from anywhere you’d likely want to live, it’s at least a relatively hospitable location. Read more

VIDEO: Still Bearish on AUD: Pro

Paul Mackel, Head of Asia Currency Research, HSBC says the Australian dollar will fall further and recommends selling the AUD vs the JPY.

A.M. Kitco Metals Roundup: Comex Gold Sharply Lower, at Fresh 4.5-Month Low, amid Big “Risk-Off” Trading Day

Click here to read the whole story or read an excerpt below.

Comex gold futures prices are trading sharply lower Monday morning and have hit another fresh 4.5-month low as most markets are under selling pressure on keen risk aversion due to several factors, but namely the heightened European Union debt and financial crisis. June gold last traded down $20.10 at $1,563.90 an ounce. Spot gold was last quoted down $16.00 an ounce at $1,565.00.  July Comex silver last traded down $0.47 at $28.42 an ounce. Read more

Platinum to remain in surplus, palladium to move to deficit in 2012 – Johnson Matthey

Click here to read the whole story or read an excerpt below.

By Geoff Candy

GEOFF CANDY: I am joined now by Dr. Jonathan Butler, he is the publications manager at Johnson Matthey and they have just released their Platinum Survey 2012. In 2011,total demand for platinum rose 2% while supply rose to a four-year high, up 7% in total. What were there drivers behind those two moves? Read more

Cameco to buy uranium broker for US$136M

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By Eric Lam

Saskatoon uranium producer Cameco Corp. said Monday it has agreed to purchase Nukem Energy GmbH, a broker of nuclear fuel products and services for US$136-million.

Cameco will also assume Nukem’s net debt position of US$164-million, although the company expects to substantially reduce its debt balance through ongoing business activities prior to closing. Read more

Metals X, Westgold in $330m merger

Click here to read the whole story or read an excerpt below.

By Gillian Tan

METALS X and Westgold Resources are joining forces to create a junior miner with a market value of more than $330 million.

Westgold shareholders will receive 11 Metals X shares for every 10 Westgold shares held, representing 22c a share, a premium of 33.3 per cent  Read more

Bull Market in Gold “Not Over” But Speculators Turn Bearish as Greek Insolvency Looms

London Gold Market Report

from Adrian Ash

BullionVault

Mon 14 May, 08:20EST

Bull Market in Gold “Not Over” But Speculators Turn Bearish as Greek Insolvency Looms Read more

TSX Mine Financing Alerts: Who’s Got the Money?

The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities.

Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world.

NEW: RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!

 

Date	Company Name (Click to open profile)	Symbol	How Much?	Status
May 11, 2012	Caerus Resource Corp	CA	$750,000.	Amendment
May 11, 2012	Sable Resources Ltd	SAE	$560,000.	Closed
May 11, 2012	Cogitore Resources Inc	WOO	$1,201,469.	Closed
May 11, 2012	Kaminak Gold Corp	KAM	$5,250,000.	Proposed
May 11, 2012	Endurance Gold Corp	EDG	$500,000.	Proposed
May 11, 2012	Goldcliff Resource Corp	GCN	$100,000.	Proposed
May 11, 2012	Touchdown Resources Inc	TDW	$1,000,000.	Proposed
May 11, 2012	Sphere Resources Inc	SPH	$499,999.	Closed
May 11, 2012	First Graphite Corp	FGR	$500,000.	Amendment
May 11, 2012	White Tiger Gold Ltd	WTG	$16,020,800.	Closed
May 11, 2012	Cdn Intl Minerals Inc	CIN	$170,000.	Proposed

China’s near-monopoly brings challenges, opportunities to strategic metals space

Countries dependent on Chinese supply of strategic metals are pursuing strategies to respond to potential shortages of these metals. But while China’s dominance is causing due cause for concern, it also opens up opportunities for juniors developing alternative supplies outside China, writes Liza Mayer.

Read more

rI market report, May 11, 2012

The Toronto stock market edged sideways Friday with data showing another month of strong job creation in Canada and continued uncertainty in other quarters.
Read more

Caledonia Sells 51% of Blanket Mine in Zimbabwe for $30 Million

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By Brian Latham

Caledonia Mining Corp. (CAL) said it will sell 51 percent of its Blanket gold mine in Zimbabwe for $30.1 million to comply with the southern African country’s ownership laws.

Flemiro Investments (Pvt) Ltd., a closely held Zimbabwean investment company, will pay $11 million for 15 percent of the mine, Caledonia said in a statement on its website. A workers’ trust fund will buy a further 10 percent, 16 percent will be sold to the state-owned Zimbabwe National Indigenization and Economic Empowerment Fund and 10 percent will be given to a local community share trust, the company said. Read more

A.M. Kitco Metals Roundup: Comex Gold Lower, at Fresh 4.5-Month Low, as Investor Risk Appetite Shrinks

Click here to read the whole story or read an excerpt below.

Comex gold futures prices are trading moderately lower Friday morning and have hit a fresh 4.5-month low as most markets are under selling pressure following the surprise news that market-place-heavyweight JP Morgan has suffered a massive trading loss. The key outside markets—crude oil and the U.S. dollar index—are also in a bearish mode for the precious metals Friday, as the dollar index is firmer and crude oil prices are lower. Read more

Illinois Basin braces itself for yet another coal mining boom

Click here to read the whole story or read an excerpt below.

By Steve James

Two years ago, Peabody Energy Corp opened a new coal mine in Sullivan County, Indiana. The mine, called Bear Run, is now the largest surface mine in the eastern United States and a symbol of the revival of one of America’s historical coal fields.

As coal mining slows in Appalachia, Midwestern fields are drawing new coal investors as more efficient anti-pollution Read more

Juniors with cash to spare should consider acquisitions

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By Julia Johnson

Junior mining companies with deep pockets may have expansion opportunity in acquiring or merging with some of their peers that are cash-strapped and in dire need of project funding.

Cannacord Genuity analysts scoped out which juniors have money to burn and which are tight for cash in their May 8 Junior Mining Weekly report. Read more

Stronger Dollar “Makes Gold Rally Difficult”, Chinese Buyers “On the Sidelines”, Indian Dealers”Just Buying What They Need”

London Gold Market Report

fromBen Traynor

BullionVault

Friday 11 May2012,08:00 EDT

Stronger Dollar “Makes Gold Rally Difficult”, Chinese Buyers “On the Sidelines”, Indian Dealers”Just Buying What They Need” Read more

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