This year’s corporate mantra for a crowd of junior explorers and miners is quite simple: “get us some near term gold production fast” (or some variation thereof). The motive of course is pure: get the share price up. For companies with $2 million to $200 million in the bank the magic bullet to riches is [...]
Junior miners problems with new funding
Some junior oil and natural gas companies with large debts are starting to have their financial problems go public. See these examples: 1. On February 17, Canadian Superior (SNG-TSX) just had their $47 million loan called by the Western Canadian Bank. Canadian Superior along with partners including British Gas has made some very large offshore [...]
Golden Star Resources on the run!
Golden Star Resources Ltd. (AMEX: GSS)(TSX: GSC)(GSE: GSR) today announced that it has appointed Mr. D. Scott Barr as Chief Operating Officer commencing on April 2, 2008. Tom Mair, President and CEO said: “We are excited to have Scott join the Golden Star management team. His strong professional and technical skills and extensive experience in [...]
Endeavour Silver: gold, not only silver!
Endeavour Silver Corp is forecasting a more than 20 percent rise in silver production this year over 2008 to 2.7-2.9 million ounces, and expects approximately 10,000 oz gold as a by-product. Like 2008, the first two quarters of silver production should be relatively flat year-on-year, as the new capital projects get underway. However, silver production [...]
Goldcorp: the gold leaders on the Internet!
Rob McEwen owned an underperforming gold mine in northwestern Ontario, and he needed new ideas about where to dig. So he broke new ground — and made data on the mine available online to anyone who wanted to help. Eureka! The Internet gold rush was on. In January 1848, a work crew at John Sutter’s [...]
Crosshair Exploration hunts gold reserves
Crosshair Exploration & Mining Corp. (NYSE Alternext US: CXZ) (TSX: CXX) (Crosshair) is pleased to announce that it has entered into an agreement with Paragon Minerals Corporation (TSX-V: PGR) whereby Crosshair will acquire a 60% interest in the Golden Promise Gold Project in Central Newfoundland, Canada with an option to acquire up to a 70% [...]
Northern Dynasty Minerals is Under Priced
Northern Dynasty Minerals is a Canadian based mineral company who engages in exploration of copper, gold, and molybdenum in Alaska. The company has ‘The Pebble Project’ which has not been fully explored but continues to confirm ‘that it is potentially amenable to high volume, underground mining.’ With that said, Rio Tinto, a 92.24 billion dollar [...]