Month: November 2017

ARC Resources plans to produce 132,000 boe/day in 2018

ARC Resources plans to produce 132,000 boe/day in 2018

ARC Resources (ARX.TO) has announced the board of directors has approved a C$690M capex spending program for 2018 which will  allow it to increase its production rate to an average of 130,000-134,000 barrels of oil-equivalent per day. Of this oil-equivalent production rate, approximately 40,000 barrels will be crude oil, condensate […]

Polymetal’s Nezhda project looks like a winner

Polymetal’s Nezhda project looks like a winner

Polymetal International (POLY.L) has released an updated reserve and resource estimate for its Nezhda project in Russia. The open pit reserves now contain 2 million ounces gold-equivalent at an average grade of 4 g/t, whilst the total resources now contain 8.9 million ounces of gold-equivalent, using an average grade of […]

Johnson Camp Mine

Report: Excelsior Mining – Closing the valuation gap

Not entirely unexpected, Excelsior Mining’s (MIN.TO) share price has performed very well since our initial report in April, going as high as C$1.48 which is 85% higher than the C$0.80 when we published our first report. This increase was caused by a smooth permitting process as well as a substantial […]

First Cobalt starts sampling the historic muckpiles

First Cobalt starts sampling the historic muckpiles

First Cobalt (FCC.V) has started a sampling program at the historic mining operations of the assets in its Cobalt Camp in Ontario, in an attempt to get a better understanding of the specifications of the mineralization which was brought to surface by the miners. This sampling program will help the […]

We are now really looking forward to Vendetta’s resource update

We are now really looking forward to Vendetta’s resource update

Vendetta Mining (VTT.V) continues to surprise us as the company has released more high-grade drill results from the open pit component of the Pegmont Lead-Zinc project in Queensland, Australia. It’s really difficult to not get excited by assay results of in excess of 10% PbZn over 5-7.5 meters true width […]

Victoria Gold’s recent share price drop is unjustified

Victoria Gold’s recent share price drop is unjustified

The share price of Victoria Gold (VIT.V) has been under a lot of pressure lately as it has been sliding all the way down to the lower 40 cent range. A surprise, as not only is its main Eagle Gold project remains one of the most appealing permitted but undeveloped […]

Lupaka Gold completes the sale of Crucero

Lupaka Gold completes the sale of Crucero

Lupaka Gold (LPK.V) has completed the sale of the Crucero gold project to GoldMining (GOLD.V) for a total of C$5.75M in cash and securities, consisting of C$750,000 in cash as well as 3.5 million shares of GoldMining (subject to resale restrictions which haven’t been explained in Lupaka’s update). The share […]

Prize completes 18 drill holes at Daylight

Prize completes 18 drill holes at Daylight

Prize Mining (PRZ.V) has now completed its initial drill program at Daylight, where it drilled 18 holes from 11 drill pads for a total of 2,700 meters. Assay results obviously aren’t available yet, and we would expect to see the initial assay results of the first eight holes which have […]

Lucara Diamond will go underground at Karowe

Lucara Diamond will go underground at Karowe

Lucara Diamond corp (LUC.TO) released the outcome of the Preliminary Economic Assessment it completed on the underground portion of its Karowe diamond mine in Botswana. This PEA is the first ste before moving to a pre-feasibility study which is expected to be published in the second quarter of next year. […]