June 2012
United Silver Sells First Concentrate from New Jersey
June 28, 2012 by prospectingjournal · Leave a Comment
News –United Silver Corp. has closed the agreement with Hale Capital Partners first announced on June 4, 2012. Together, USC and Hale formed the Crescent Mine LLC. Under the terms of the LLC, Hale made a net initial contribution of $2.4-million in exchange for a 20-per-cent interest in the Crescent silver mine, located in the [...]
A Eurocrash Is Baked in the Cake
June 28, 2012 by prospectingjournal · Leave a Comment
Guest Commentary — Doug Casey, Casey Research In an interview with Louis James, world traveler and legendary speculator Doug Casey makes a compelling case for becoming a “permanent tourist” to be best able to survive the coming economic crash. Louis James: So Doug, you’re off to FreedomFest 2012 shortly, where people will be able to [...]
Endeavour Completes Ouaré Drilling and Commences Resource Update for PEA
June 27, 2012 by prospectingjournal · Leave a Comment
News — Vancouver, June 27, 2012 — Endeavour Mining Corporation (“Endeavour”) (TSX:EDV, ASX:EVR, OTCQX:EDVMF) today announced drill results from its recently concluded program on its Ouaré gold deposit in Burkina Faso and commencement of an updated resource estimate in preparation for a Preliminary Economic Assessment (PEA). The Ouaré gold deposit is located 40 kilometres northwest [...]
Why Are We Certain that Gold Producers Will Soar?
June 27, 2012 by prospectingjournal · Leave a Comment
Guest Commentary — Jeff Clark, Casey Research For the past eighteen months, gold stocks have been pummeled. They showed some life from mid-May to mid-June – GDX, the gold miner’s index, was up 21%, while gold rose 5.5%. That bounce was exciting, but they’ve still got a lot of lost ground to make up. Since [...]
Glencore Hurries to Rescue $26 Billion Deal
June 27, 2012 by prospectingjournal · Leave a Comment
Commentary – ProspectingJournal.com – Commodities trader and mining company, Glencore International (LSE: GLEN) is now considering changes to its $26 billion takeover proposal for Xstrata (LSE: XTA) after shareholder revolt has put the deal in jeopardy. The deal, originally announced in February, has had its opponents from the beginning with some analysts and fund managers [...]
Centerra’s Mine in Limbo: Resource Nationalism Rears it’s Head in Kyrgyzstan
June 25, 2012 by prospectingjournal · Leave a Comment
Commentary – ProspectingJournal.com – Kyrgyzstan, a member of the former Soviet Republic and home to five million, has become the latest nation to debate the merits of resource nationalism. Joining the ranks of Peru and Indonesia, Kyrgyzstan is at odds with a mining corporation, Canada’s own Centerra Gold (TSX: CG). The debate is reasonable, faced [...]
How Does Gold Fare During Hyperinflationary Periods?
June 22, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY — Jeff Clark, Casey Research Inflation is a natural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors, we’d like to know if the precious metals would keep pace in this extreme scenario. Hyperinflation is an extremely rapid period of inflation, but when does [...]
Encana Keeps The Gas On, Invests $600 Million
June 21, 2012 by prospectingjournal · Leave a Comment
COMMENTARY—ProspectingJournal.com—These days, it’s hard to find someone who is “cautiously optimistic” about the price of natural gas. In fact, the short-term prospect of anything is hard to see in a positive light. Oil just received the biggest two day drop in over nine months, the DOW lost the second most points this year, the TSX [...]
Rio Tinto Puts $4+ Billion Where its Mouth is: Iron Ore
June 20, 2012 by prospectingjournal · Leave a Comment
COMMENTARY—ProspectingJournal.com—Defying the current trend of economic uncertainty, which has mainly focused around growing fears of a slowdown in China, Rio Tinto has stayed its bullish course towards iron ore. In today’s media release, Rio announced that it will spend US$4.2 billion to develop its iron ore business in Australia and West Africa. According to Rio, [...]
Yamana Gold to Acquire Extorre Gold Mines at Bargain Price
June 18, 2012 by prospectingjournal · Leave a Comment
COMMENTARY – ProspectingJournal.com – Yamana Gold (TSX: YRI), one of Canada’s largest gold producers, announced this morning that it has entered into a definite agreement to purchase Extorre Gold Mines (TSX: XG) in a cash-and-stock deal for $414 Million. Yamana has agreed to pay Extorre shareholders $3.50 in cash and 0.0467% of a Yamana share [...]
How to Save Your Money And Your Life
June 18, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Doug Casey, Casey Research I think there are really only two good reasons for having a significant amount of money: To maintain a high standard of living and to ensure your personal freedom. There are other, lesser reasons, of course, including: to prove you can do it, to compensate for failings in other things, [...]
Drill Results, Up and Down Stocks: The Norm
June 13, 2012 by prospectingjournal · Leave a Comment
COMMENTARY—ProspectingJournal.com—While Greeks have been emptying their bank accounts and Euro leaders have been scratching their heads, precious metals exploration companies have been on the hunt for treasure. Though volatile, the gold price refuses to drop for too long as it marches back towards $1700 territory. Silver, on the other hand, is sitting in a stubborn [...]
Are You Brave Enough to Buy Low?
June 12, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Louis James, Casey Research This time last week, I was at the Cambridge House World Resource Investment Conference in Vancouver, BC. Usually the show is quite hopping, but this time, while there was the usual mob and there was standing room only at several of the events Doug, the Casey crew, and I participated [...]
Follow the Money – Latin America is the Place to Be
June 12, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Rockstone Research–We are confident that Latin America will not only bring into production many new deposits in the following years, but that many new discoveries will be made as well. We follow the money as Latin America is apparently the place to be. Latin America continues to be the most popular destination for exploration [...]
Endeavour’s Agbaou Gold Project Enters Construction With Planned 103,000 ozs/yr at $635/oz Cash Cost
June 11, 2012 by prospectingjournal · Leave a Comment
NEWS–Endeavour Mining Corporation (“Endeavour”) (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces its 85% owned Agbaou Gold Project in Côte d’Ivoire has entered the construction phase of its development. An updated NI 43-101 compliant technical report (the “SENET Report”) has also been completed that incorporates updated mineral resources & reserves, project optimizations and updated capital & operating costs. (All [...]
Endeavour Mining Appoints VP Investor Relations
June 8, 2012 by prospectingjournal · Leave a Comment
NEWS–Endeavour Mining Corporation (“Endeavour”) (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces Marla Gale has been appointed Vice President, Investor Relations. Ms. Gale has more than 16 years of investor relations experience, with the most recent five years being within the gold mining industry. Most notably, she was Director, Investor Relations at Aurelian Resources, which was acquired by Kinross [...]
Conference Shows Signs of Stimulus Withdrawl, Gold Drops
June 7, 2012 by prospectingjournal · Leave a Comment
COMMENTARY–ProspectingJournal.com–The recent World Resource Investment Conference in Vancouver was an impressive gathering for grumbling, doomsday predictions and cheap, cheap stocks. Compared to similar conferences last year, this year’s show was even more gloomy, which is saying a lot, and stocks were on an even bigger sale. Of course, if you were there and listed to [...]
Is the Table Set for a Mania in Precious Metals?
June 6, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Jeff Clark, Casey Research It may feel like I’m out of touch with the precious metals markets to broach the subject of a mania today, but I think the table is being set now for a huge move into gold and silver. There are, however, very valid reasons to reasonably expect a mania in [...]
Canadian Akie District Able to Reduce Upcoming Zinc Shortage
June 5, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Rockstone Research Ltd.–After aluminum and copper, zinc is the mostly used nonferrous metal in the world thanks to its capacity to protect ferrous metals against corrosion/rusting. Hence, the “infrastructure metal” zinc is mainly used galvanizing/coating iron and steel products, such as vehicles, buildings, bridges, railways and other structures. [...]
Cashing In On Japan’s Debt Conundrum?
June 1, 2012 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Robert Ross, Casey Research On the heels of Fitch’s sovereign credit downgrade to A plus (the fifth-highest investment grade), Japan’s government debt continues to swell. With its debt at over 200% of its GDP, the Land of the Rising Sun appears to be embarking on a trek into the debt-laden unknown. (Click on image [...]
Endeavour Digs Deeper, Brings Strong Gold Results from Youga
June 1, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—While the markets have been languishing, Endeavour Mining (TSX: EDV) has continued to forge ahead. Owning two gold mines that produce approximately 180,000 oz per year in Ghana and Burkina Faso, EDV is in the enviable position of generating positive cash flow while advancing exploration. The Company has thus developed a following among investors, as [...]
