BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

October 3, 2017

The Template For The Next 10% Stake In Garibaldi Resources

You need to login to view this content. Please . Not a Member? Join Us

February 25, 2020

7 @ 7:00 From Smithers

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,658 and $1,633 so far today…as of 7:00 am Pacific the yellow metal has eased off $6 an ounce to $1,653 following yesterday’s new multi-year highs near $1,700 as global stock markets reeled from fresh coronavirus fears…Silver has retreated 25 cents to $18.35…Palladium is up $62 to $2,599 while Rhodium has added another $100 to $11,200…base metals have stabilized with Copper, Nickel and Zinc at $2.57, $5.66 and 93 cents, respectively…Crude Oil has dipped another 33 cents a barrel to $51.10 while the U.S. Dollar Index is down one-tenth of a point at 99.27…the spike in coronavirus cases beyond China sparked concerns yesterday about a prolonged global economic slowdown due to the outbreak…the market losses were widespread around the world, with global stocks losing over $1.7 trillion of value in a single day…South Korea has raised its coronavirus alert to the “highest level” with the latest spike in numbers bringing the total infected to more than 800…meanwhile, Italy has been the worst affected country outside of Asia, with more than 130 reported cases and 7 deaths…Iran also confirmed 12 deaths…the yield on the benchmark 10-year U.S. Treasury note, which moves inversely to price, has fallen to a record low below the 1.325% set on July 6, 2016, in the aftermath of Brexit…

2. The decision by Teck Resources (TECK.B, TSX; TECK, NYSE) to abandon its $20 billion Frontier Oil sands project in Alberta is a massive Canadian political earthquake that will have negative economic repercussions for years…it’s the culmination of Justin Trudeau’s anti-Oil posturing and climate change hysteria to win votes on the left (Trudeau’s approach has been Canada’s version of the thankfully doomed “Green New Deal” being promoted by socialists in the United States)…this also comes at a time when Trudeau, the same Prime Minister who boasted during the SNC-Lavalin scandal how he would “never apologize for standing up, fighting for Canadian jobs”has allowed a small but vocal group of anarchists and eco-terrorists to take the Canadian economy hostage for the past few weeks through rail disruptions and other protests…energy development in this country under the current federal regime is essentially dead…as Rex Murphy so eloquently stated in a National Post column this morning, “There isn’t a single corner in this world – heck, they probably heard it in Senegal – that doesn’t know that Canada is now a place where investments go to die, where projects eagerly embraced become lost in some cavity of madly overzealous regulation, spend years getting revised and receiving additional conditions for approval, are mocked and slandered by busy climate change cowboys and, after billions of dollars spent, simply go away“…former B.C. Premier Christy Clark, a political moderate, commented, “The Teck decision is a terrible turning point.  Like Energy East, they were forced by ludicrously weak and confused fed policy to withdraw.  Who will invest in Canada now??”...Teck brought up that question itself in its news release…“The situation that has faced Frontier will be faced by future projects and it will be very difficult to attract future investment, either domestic or foreign”…meanwhile, in the United States, President Trump is doing the opposite…and compare his visit to India the past couple of days (encouraging investment and trade) to Trudeau’s embarrassing visit…increasingly, capital is going to leave Canada and head to greener pastures in the U.S., and that will translate into a lower standard of living for Canadians…we’ll “save” the planet, though!…well more than $120 billion of energy projects have been cancelled in the past 3 years of Liberal hostility and incompetence…with fossil fuels predicted to represent three-quarters of global energy supply by 2020, what kind of country – especially one that represents only 1.6% of global emissions – would deliberately refuse to develop the full potential of its natural resources?…

3. When was the last time this happened?…no Canadian jurisdiction ranks in the top 10 for “investment attractiveness” according to the latest survey by the Fraser Institute of more than 260 mining executives globally…Saskatchewan maintained its place as the country’s most attractive jurisdiction for investment (ranking 11th on this year’s survey index, down from 3rd last year) followed by Ontario (16th up from 20th), Quebec (18th, down from 4th) and British Columbia (19th down from 18th)…however, B.C. was ranked as the least attractive jurisdiction in Canada for “mining development”…survey respondents pointed to uncertainty concerning disputed land claims and environmental regulations as key factors that made the province unattractive…“The sum of negative responses citing these two areas as deterrents to investment was 78% and 74%, respectively,” the Fraser survey noted…in addition, 67% of respondents for British Columbia were deterred by uncertainty concerning protected areas…

4. BMR is reporting the rest of this week from Smithers, the hub of British Columbia’s exploration sector, where BMR is a lead sponsor of the Vancouver Canuck Alumni Association “Indoor-Outdoor Challenge” this coming weekend to celebrate the 50th anniversary season of the Vancouver Canucks in the NHL…proceeds are going toward local minor hockey…what could be more “Canadian” than hockey, our national pastime, and our resource sector?…this weekend’s event, which has drawn tremendous support from the local community, will kick off with an investor presentation/news conference Friday afternoon in Smithers, followed by a banquet Friday night, an indoor game Saturday and an outdoor game “rematch” the following day on Tyhee Lake…both games will feature former Canuck stars, including the likes of Kirk McLean, Cliff Ronning, Jyrki Lumme, Geoff Courtnall, Thomas Gradin, Dave Babych and others, against a local oldtimers’ team known as the Smithers Flyers…country music star Aaron Pritchett and Global News B.C. anchor Paul Haysom will also be playing for the Alumni team…FIN, the Canucks’ popular mascot, will be whipping fans into a frenzy at Saturday’s game in the Smithers arena…Canada has proven to be the best in the world at producing hockey players…and when it comes to this country’s unmatched natural resource endowment, a true blessing, and our ability to extract metals and Oil (commodities the world desperately needs) using the highest labor and environmental standards, we are also world leaders…this is something to celebrate and fight for, especially at a time when the resource sector in Canada – particularly Oil and gas – is under attack from within…the resource sector made Canada great but we have to fight for it now because there is an energized group on the left that’s determined to take this country down a very different path…

5. The Dow has rebounded 87 points following yesterday’s big drop, the worst since February 2018…with yesterday’s declines, the S&P 500 and the Dow both wiped out all of their 2020 gains…in Toronto, the TSX is 32 points lower while the Venture is off a point at 567…a stock that has bucked the trend in recent sessions is Sona Nanotech (SONA, CSE)…there isn’t a more advanced situation in terms of the development of a rapid screening test for COVID-19…interest in the stock picked up dramatically on news last week but this story definitely hasn’t yet hit the radar screens of the masses…SONA, which closed at 36.5 cents yesterday, has only about 50 million shares outstanding…the company is deploying its proprietary nanotechnology to produce a quick-response lateral flow test to screen patients for COVID-19…when completed (and this is moving along at a rapid pace), the test is expected to produce results in 5 to 15 minutes…this could be rolled out within just weeks…there is currently no lateral flow test specific to COVID-19, which was first detected in Wuhan, Hubei province, China, and continues to spread across the globe…QMX Gold (QMX, TSX-V) is getting a strong boost this morning following more high-grade Gold drill results yesterday and news of a $6 million flow-through financing at 18 cents involving Eric Sprott and O3 Mining (OIII, TSX)…results yesterday from QMX from the River target west of the Lac Herbin mine included 36.7 g/t over 3.5 m, and 34.9 g/t over 3 m…QMX is up 2.5 pennies at 14 cents on high volume…Amex Exploration (AMX, TSX-V) has added a 4th drill rig to its Perron Gold Property near Rouyn-Noranda…this rig will be dedicated to exploration drilling on the eastern Gold zone (EGZ) given the company’s recent successful extension of the high-grade zone at the EGZ…using its predictive modelling techniques, the Amex geological team has been able to successfully target the projected eastward and depth extension of the HGZ with thick and high-grade vein intercepts…initial results from Palladium One’s (PDM, TSX-V) first IP survey at Kaukua East in Finland have revealed a large chargeability anomaly, representing the eastern extension of the Palladium dominant Kaukua South zone…this zone now extends over a 2-km strike length…the Kaukua East IP survey identified a much stronger and wider chargeability anomaly than the previous 2008 IP survey which was instrumental in identifying the 1.2-million ounce Palladium equivalent Kaukua deposit…PDM is up a penny at 17 cents as of 7:00 am Pacific

6. Galway Metals (GWM, TSX-V) has drilled one of its best holes ever at its Clarence Stream Project in New Brunswick – 10.6 g/t Au over 47 m, plus 1.2 g/t Au over 32 m, in hole 87…the 2 intervals in this hole line up well, between previously released step-out holes 72 and 78 located 22 m northeast and 116 m southwest, respectively…meanwhile, hole 93 extended the Richard zone 97 m to the southwest with an intersection that ran 4.5 g/t over 10.8 m…Robert Hinchcliffe, President and CEO, stated: “Hole 87‘s location between 2 other wide and high-grade intercepts bodes very well for the Clarence Stream resource update scheduled for the 3rd quarter of 2020, both from the perspective of any pit-constrained or underground resource.  Hole 93 is significant because it continues the process of closing the gap between the Richard and Jubilee Zones, just as the previous press release of 2 weeks ago closed the gap between the GMZ and Richard Zones.  Of note is that NONE of the 36,377 m of drilling that Galway has completed in the 2.5-km-long mineralized system that hosts the George Murphy, Richard and Jubilee Zones are in the existing Clarence Stream resource, which was last updated 2.5 years ago on September 26, 2017.  That resource includes the South and North Zones only.  All 5 deposits remain open for expansion in all directions.  Galway’s strong drill results demonstrate that Clarence Stream is an emerging new Gold district in North America”GWM has added cents to 37.5 cents through the first 30 minutes of trading…

7. Interesting move by New Gold (NGD, TSX, NYSE) today, though this never would have occurred if the company hadn’t struggled with its Rainy River Project…New Gold is selling a free cash flow interest in its New Afton mine in British Columbia to the Ontario Teachers’ Pension PlanOntario Teachers has agreed to acquire a 46% free cash flow interest in New Afton with an option to convert this interest into a 46% JV interest in 4 years for upfront cash proceeds of $300 million (an overriding buyback option provides NGD with the flexibility to potentially require 100% of New Afton in the future)…“We are pleased to be partnering with Ontario Teachers, one of the world’s preeminent and most well-respected investors, in this transformational transaction that provides us with upfront cash allowing us to restructure our balance sheet and lower our level of net indebtedness via a true shared risk and upside partnership focused on free cash flow,” stated New Gold President and CEO Renaud Adams…“This transaction provides New Gold with an attractive cost of capital, further strengthens our financial position, allows us to benefit from the full exploration potential elsewhere on the New Afton land package and provides the opportunity to reacquire 100% of New Afton.  Ontario Teachers is known to conduct in-depth due diligence and partner with high-quality management teams that share its values of integrity and operational excellence.  We look forward to our partnership with Ontario Teachers as we continue our mission to turn New Gold into Canada’s leading intermediate diversified Gold producer”NGD is up on the news in early trading, 16 cents higher at $1.35

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 21, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,625 and $1,646 so far today…as of 7:00 am Pacific the yellow metal is up $23 an ounce at $1,643Gold prices are set to record their biggest weekly percentage gain since early August…Silver has jumped 19 cents to $18.52…Palladium, which has had a big week, is up $4 an ounce at 2,594…Palladium has soared in part because supply has been strained by years of stalled production by miners…Rhodium is now trading at $11,000…base metals are flat or off slightly with Copper at $2.59, Nickel at $5.65 and Zinc at 95 cents…Crude Oil has dipped $1.24 a barrel to $52.67 while the U.S. Dollar Index has retreated nearly half a point to to 99.42reports overnight said China’s auto sales fell over 90% in February as coronavirus restrictions prevented buyers from visiting car dealerships….over 21 million autos were sold in China in 2019, making China the world’s largest auto market…the Hubei province is still in lockdown and officials there have pushed back the date for businesses to reopen to March 10…that date could be further delayed if covid-19 is not contained by then…China recorded over 800 new cases yesterday (up from around 400 Wednesday), with the total number of afflicted now at over 75,000 and over 2,200 dead…China’s central bank has loosened monetary policy, and there are concerns about Chinese companies increasing already-high debt levelsSouth Korea has reported over 200 confirmed covid-19 cases and the capital has banned all rallies in major downtown areas…Iran’s health ministry today reportedly confirmed the coronavirus had spread to several cities nationwide, before adding the flu-like virus might exist in all of them…

2.  B.C. Premier John Horgan told reporters yesterday that he’s willing to meet with the Wet’suwet’en “hereditary chiefs” under the right conditions, but cancelling the Coastal GasLink pipeline is “not an option for me”he added he would not agree to an “open-ended” meeting with the “hereditary chiefs” who, unlike all the democratically elected First Nation groups along the pipeline route, are vehemently opposed to the project…“The notion that it would just be somehow, you have to come and talk to me without any understanding of what the end of that discussion would be, I’m not prepared to do that,” Horgan said…“I have no shortage of other nations, first of all, within B.C. that have exciting opportunities.  And they want to work with the province, and the federal government, and their local communities to find the prosperity that we all want for ourselves and our neighbours”…meanwhile, even as RCMP officers in British Columbia reportedly offered to move back from Wet’suwet’en territory – meeting one of the key demands of Indigenous protesters – there is still no end in sight to nationwide railway blockades…the economically punishing blockades are now entering their 3rd week and have led to layoffs and fears of supply shortages, with the incompetent Liberal federal government continuing to call for “patience” and “dialogue”the Wet’suwet’en and their anarchist and eco-terrorist friends/supporters are actually ramping up their protests…an excellent example of the type of people involved came yesterday morning when a blockade was put up on a rail line between Kamloops and Chase in B.C.’s southern interior…Anushka Azadi, an activist who has previously been involved in Indigenous rights and anti-fish farm and anti-pipeline campaigns, posted photos of the blockade to Facebook with the caption “Sacred Fire CALL OUT: We are standing on the tracks across the highway from Neskonlith Hall. Come one come ALL!”…this is the typical protestor Justin Trudeau shamefully doesn’t want to stand up to…counter-protestors in Edmonton the other day showed Canadians how they can take matters into their own hands, in a non-violent way, since the police and government seem incapable of solving such an urgent problem…

3. Garibaldi Resources (GGI, TSX-V) is on the move in early trading – just prior to the open the company announced that it has drilled into multiple new near-surface massive sulphide intervals and Nickel-Copper-rich mineralization at Nickel Mountain, including some spectacular PGE enrichment…in addition, a 50-m step-out to the east of the Lower Discovery Zone shows that the E&L gabbro – with its very distinctive geological and geochemical characteristics – is now known to extend at least 400 m along plunge…within just that footprint, a magmatic Nickel sulphide deposit with a high concentration of metals can easily become a mine…the eastern part of the Lower Discovery Zone thickens to the north as evidenced by drill hole EL-1982 (and previous holes EL-1824 and EL-1816) and borehole EM data which notably shows two significant conductors immediately north of EL-1982, suggesting there’s a large pool of massive sulphides nearby that could greatly build out this part of the LDZ…EL-19-82 cut nearly 10 m of massive sulphide grading 7.2% Ni, 3.6% Cu and 4.8 g/t combined Pd-Pt-Au within a broader 32.75 m highlighted by 2.7% Ni, 1.6% Cu and 1.5 g/t Pd-Pt-Au..3 m above that massive sulphide interval and the LDZ, this hole also clipped an extraordinary 38-cm vein that grades 10 g/t Pd, 4.3 g/t Pt, 3.4 g/t Au, 26 g/t Ag, 0.12% Co, 6.5% Ni and 4.8% Cu…this certainly shows the precious metal enrichment of the system…it’s quite possible the broader area between the LDZ and the Upper Discovery Zone (UDZ) carries high PGE’s…meanwhile, another part of the hole returned 6 m of the UDZ @ 4.3% Ni, 2.3% Cu and 1.5 g/t Pd-Pt-Au…multiple other holes delivered high-grade Nickel, Copper and PGE’s…EL-1984, the last hole of the season, cut 5.42 m @ 7.7% Ni, 3.8% Cu and 6.56 g/t Pd-Pt-Au along the southern portion of the LDZ…EL-1979 cut 63.8 m grading 1.6% combined Ni-Cu and 1.7 g/t Pd-Pt-Au 10 m north of the central part of the LDZ…this featured two narrow high-grade massive sulphide veins, one of which returned 5.4% Ni, 7.2% Cu, 20.8 g/t Pd-Pt-Au, 33 g/t Ag and 0.09% Cobalt…the intercepts keep coming – EL-1978 returned an impressive 59 m of disseminated mineralization northwest of the LDZ grading 1.1% Ni, 1.2% Cu and 2.3 g/t Pd-Pt-Au…EL-1976 cut 43.6 m of 1.6% Ni and 1.3% Cu starting just 110 m downhole, including 6.1 m of massive sulphides, as it successfully targeted a traditional style of higher-grade mineralization between the main chamber of the E&L Intrusion and the LDZ to help establish the scale of the mineral lens…Jeremy Hanson, VP-Exploration, stated, “The last 9 holes of the 2019 season all hit significant intervals of Nickel-Copper mineralization and clearly demonstrate the increasing potential of a very dynamic system at Nickel Mountain”…assays are also being carried out to determine grades of Rhodium, Iridium, Osmium and Ruthenium which are already known to exist in the massive sulphides…

4. The high-grade Fruta del Norte Gold mine in Ecuador is now in commercial production…that was announced by Lundin Gold (LUG, TSX) last night…Lundin Gold has successfully built the first large-scale underground Gold mine in Ecuador and has reached commercial production ahead of schedule and on budget.  We are now focused on ramping up to name plate production and optimization. In addition, as soon as we receive the necessary permits, we will start exploration drilling at our high priority, Barbasco target,” stated Ron Hochstein, President and CEO…Fruta del Norte produced a total of 28,678 ounces of Gold by the end of 2019…the company exported initial production of both Gold concenrate and ore to a smelter and a refinery, respectively, in December, resulting in $20.9 million (U.S.) of concentrate sales…continued underground development is ahead of projections…153,000 tonnes of ore was stockpiled at year-end…Fruta del Norte has proven and probable reserves of 5 million ounces of Gold grading 8.74 g/t…production of approximately 325,000 ounces per year has been forecast with a mine life of 14 years…LUG is up 66 cents at $11.77 through the first 30 minutes of trading…

5. Osisko Mining (OSK, TSX) has announced that drilling carried out in 2019 at Windfall Lake has increased the Indicated mineral resource estimate by 60% (added 452,000 ounces) and increased the Inferred mineral resource estimate by 66% (added 1,572,000 ounces)…the Windfall Project now hosts Indicated mineral resources of 1.21 million ounces(4.1 Mt @ 9.1 g/t) and Inferred resources of 3.94 Moz (14.5 Mt @ 8.4 g/t), entirely above 1,200 m vertical depth…located in Quebec, this mineral resource estimate moves Windfall to world-class status in terms of scale and grade…Sean Roosen, Chair and CEO of Osisko, stated: “We would like to extend our congratulations to the Osisko Mining team, led by John Burzynski, for recently completing 1 million m of drilling and delivering this world-class resource.  Osisko and Osisko Mining’s teams have collectively worked on three world class Gold deposits discovered in Quebec over the past 15 years – Canadian Malartic, Eleonore, and now Windfall. This couldn’t have been possible without the strong support of all stakeholders.  The Windfall Project will deliver substantial benefits to the province of Quebec, the area’s First Nations communities and other stakeholders”

6. The Dow has fallen 244 points through the first 30 minutes of trading…U.S. markets are on track for their 1st weekly loss in 3…in Toronto, the TSX is down 64 points with the Gold Index bucking the trend, up 7 points to 282Teck Resources (TECK.B, TSX; TECK, NYSE) lost $891 million in Q4 compared with a profit of $433 million in the final quarter of 2018“Ongoing global economic uncertainty negatively impacted commodity prices in the 4th quarter and that has continued into 2020, exacerbated by the effect on markets from the Coronavirus and the impact of severe weather conditions in British Columbia, followed by blockades on rail lines,” stated President and CEO Don Lindsay…Wheaton Precious Metals (WPM, TSX, NYSE) has exceeded original Gold production guidance for the 8th consecutive year with record numbers for 2019“We look forward to continued steady growth over the next 5 years from the highest-quality portfolio of long-life, low-cost assets in the streaming space,” stated President and CEO Randy Smallwood…the Venture is up 3 points at 584…grade is King…GGI is showing it in early trading, up 6 cents at 91 cents as a breakout builds above 85 cents…Canada Cobalt (CCW, TSX-V) should be next…Silver has broken out vigorously and that would be the catalyst that’s going to drive CCW to new highs, combined with the latest developments – more news expected shortly – at Northern Ontario’s most significant high-grade Silver discovery in the last several decades…the short-term chart shows a new wave to the upside has started following a recent healthy pullback to key support…on the Palladium stock front, the junior with the best near-term chance to report an impressive market-moving high-grade intercept (drilling started during the 1st half of January at the advanced Sunday Lake Project, news expected soon) is Transition Metals (XTM, TSX-V) which shot higher on a big volume increase last month as a prelude to what could be an explosive move very soon to new multi-year highs above key resistance in the low 20’s…the stock quickly doubled in price last April on results from Sunday Lake…heavy volume in Ridgestone Mining (RMI, TSX-V) to kick off the trading session, a clear indication this stock is coming into play with a drill program at a high-grade property in Mexico set to begin at its 35 sq. km Rebecca Gold-Copper Property in Sorona approximately 115 km east of Hermosillo…yesterday, the company announced the closing of three-quarters of a $1 million financing at 15 cents…at the open, overmillion shares crossed at 19.5 cents and as of 7:00 am Pacific the stock is trading at 20 cents on record volume of 3 million shares…a 2,500 kg bulk sampling program from waste rock material mined principally from the Alaska vein as recently as the 1960’s returned impressive Gold grades including 6.7 g/t from just over 400 kg in 21 samples from “Veta Grande”…initial drilling will be targeting a never previously drilled breccia that has returned widespread Gold and Copper mineralization at surface…this is a relatively new company (just 2 years old) with only 37 million shares outstanding entering this $1 million round…

7. Alamos Gold (AGI, TSX, NYSE) has enjoyed a strong week following an update on the Island Gold mine as well as the release Q4 and 2019 financials…Alamos, which posted net earnings of $96.1 million (U.S.) in 2019, produced 122,000 ounces of Gold in Q4 for a yearly total of 494,500 ounces, meeting guidance for the 5th consecutive year…Island Gold, the company’s cornerstone asset,exceeded guidance with record production of 150,400 ounces, driving record mine-site free cash flow of $64.5 million (U.S.)…full year all-in-sustaining costs of $951 (U.S.) were in line with expectations…“We expect 2020 will be a transformational year for Alamos, driven by several significant catalysts,” stated President and CEO John McCluskey…”On the back of another substantial increase in mineral reserves and resources at Island Gold it is clear the ore body is evolving into a world class deposit.  A Phase 3 expansion study will be completed in the 2nd quarter and is expected to showcase a larger, highly profitable and longer-life operation.  The lower mine expansion at Young-Davidson is on track for completion in June after which we expect to transition to strong free cash flow growth”AGI has jumped 16 cents to $9.17 as of 7:00 am Pacific

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 19, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,601 and $1,612 so far today…as of 7:00 am Pacific the yellow metal is up $3 an ounce at $1,604Gold settled above $1,600 yesterday for the first time since April 2013…Silver has added cents to $18.22…both Gold and Silver have broken out technically on short-term charts and can be expected to push higher through month-end…meanwhile, Citi is now calling for $2,000 Gold over the next 12 to 24 months, a pretty safe bet…Gold should perform as a convex macro asset market hedge, resilient during ongoing risk market rallies but a better hedge during sell-offs and volume spikes,” Citi analysts commentedPalladium is up $75 an ounce at $2,591 after hitting significantly higher levels overnight…major breakout above key resistance at $2,350…Platinum has crossed the $1,000 ounce mark, gaining $11 to $1,001, while Rhodium has jumped another $300 an ounce to $10,800…Copper, Nickel and Zinc are off slightly at $2.59, $5.76 and 96 cents…Crude Oil has gained 72 cents to $52.77 while the U.S. Dollar Index is up another one-fifth of a point to 99.63…investors continue to seek safety in the greenback and U.S. equity markets thanks to the strong Trump economy…China’s central bank said today that the impact of the coronavirus on its economy will be limited as the epidemic has not changed the country’s economic fundamentals…The People’s Bank of China (PBOC) said it would help anti-virus efforts by extending credit, including by providing favorable loans or interest rates to companies involved in controlling the epidemic…in its 4th-quarter monetary policy implementation report, the bank added that it would also would keep the yuan stable and maintain its prudent monetary policy to ensure financial stability…China’s Communist Party’s National Health Commission today reported an additional 1,749 cases of the coronavirus nationwide, with 136 deaths…through yesterday, authorities say there had been a total of 74,185 confirmed cases and 2,004 cumulative deaths…British Columbia’s decline has started under the NDP (the province has seen this horror movie before)…yesterday, the government’s budget introduced a major tax increase on so-called “rich” British Columbians earning more than $220,000 a year…B.C. now has one of the highest income tax rates for entrepreneurs, professionals and business owners anywhere in North America – if you are successful and “rich”, B.C.’s socialist government will punish you by taxing the hell out of you…makes so much sense, doesn’t it?…

2. As court orders are burned on rail tracks by aboriginal anarchists and eco-terrorists, CN Rail has announced the layoffs of 450 workers at its operations in Eastern Canada after cancelling more than 400 trains in the past week over the ongoing rail blockades…that’s really just the tip of the iceberg as far as the broader economic impact is concerned across the nation…quite simply, Canada has become a dysfunctional country under “progressive” federal leadership – taxation without representation, in effect, because the feds are not representing taxpayers right now…the Montreal-based railway says the situation is “regrettable” because the impact on the economy and its employees from the protests is unrelated to CN’s activities and beyond its control…Conservative leader Andrew Scheer summed up the national protests accurately yesterday when he stated in the House of Commons, “Standing between our country and prosperity is a small group of radical activists, many of whom have little to no connection to First Nations communities, a bunch of radical activists who won’t rest ’till our Oil and gas industry is entirely shut down.  They are appropriating an Indigenous agenda which they are willfully misrepresenting”…not surprisingly, Scheer’s opinion is in stark contrast to that of Prime Minister Trudeau, who continues to call for “patience” and “dialogue” (how is that possible when you’re dealing with anarchists and eco-terrorists?) and his “progressive” NDP, Green and Bloc allies who are not standing up for the resource sector, Canadian workers, or specifically even the democratically elected First Nation groups who are 100% behind the Coastal GasLink pipeline…President Trump would never allow such a state of affairs in the United States  – all the more reason why capital will increasingly flow from Canada to the United States…Canadians will pay a very heavy price economically if this nonsense continues…

3. Azimut Exploration (AZM, TSX-V) is pushing higher after announcing this morning that it has arranged a non-brokered flow-through private placement in the amount of $6 million at a price of $2.45 per flow-through share…proceeds from the financing, supported by 1 strategic investor”, according to the company, will be used by Azimut to incur eligible Canadian exploration expenses with a focus on its 100%-owned Elmer Gold Property in northern Quebec…shareholders are anxiously waiting for CEO Jean-Marc Lulin and Azimut to publish IP results over the Elmer/Patwon discovery (3.1 g/t Au over 102 m, including 10.1 g/t Au over 20 m)…drill results announced January 14 were a game-changer for the company and tripled the stock price…follow-up drilling begins soon…AZM is up 17 cents at $1.64 as of 7:00 am Pacific…key resistance is $1.50

4. Alamos Gold (AGI, YSX; NYSE), which will release quarterly and yearly financial results following today’s close, has reported a major increase in reserves and mineral resources at its high-grade Island Gold mine in Northern Ontario…Proven and Probable reserves are now 1.22 million ounces (3.6 million tonnes grading 10.37 g/t Au), net of mining depletion, while Inferred resources have jumped 46% to 2.3 million ounces (5.4 million tonnes grading 13.26 g/t), with grades also increasing 13%, reflecting higher grade additions at Island East…combined mineral reserves and resources now total 3.7 million ounces, double the 1.84 million ounces at the time of acquisition in 2017, net of 364,000 ounces of mining depletion…“We had another tremendous year at Island Gold on all fronts, with the asset continuing to evolve into a world-class orebody,” stated John A. McCluskey, President and CEO.  “Over the past 2 years, we have added more than 2 million ounces of mineral reserves and resources, before mining depletion, with the deposit now approaching four million ounces in all categories. We see strong potential for this growth to continue with the deposit open laterally and down plunge across multiple areas of focus.  The majority of this growth is being incorporated into a Phase 3 expansion study of Island Gold, supporting what we expect will be a larger, increasingly profitable, long-life operation in one of the best mining jurisdictions in the world”AGI is off 11 cents at $8.33 in early trading…

5. More high-grade drill results from Wesdome Gold Mines (WDO, TSX), including 114.8 g/t over 10 m, as underground definition and exploration drilling continue at its 100%-owned Kiena mine complex in Val d’Or…7 underground drills are now in operation completing the infill and up and down plunge extension drilling of the Kiena Deep A Zone…this drilling continues to confirm the overall continuity of the geometry and the high-grade Gold mineralization of the A Zone and identify additional mineralization outside of the most recent resource estimate…recent drilling, including hole 6580 and its associated wedge holes, have extended mineralization in the A Zone an additional 100 m down plunge…it now extends for more than 830 m…a total of 40,850 m in 136 new drill holes have now been drilled since the latest resource estimate, which is expected to be updated later this year…hole 6580 returned 114.8 g/t Au over a 10-m core length (32.8 g/t cut over true width of 5.6 m)…other highlights from the Kiena Deep A Zone include 25.3 g/t over 17.2 m in hole 6580W1 (21 g/t cut over 11.6 m true width) and 86.5 g/t over 9.7 m in hole 6580W2 (31.7 g/t cut over 4.2 m true width)…meanwhile, the 79 level drift, consisting of 576 m of down ramp development and drill platforms, has now been completed and 2 drills have been mobilized to commence drilling of the potential up plunge extension of the A Zone…previous limited drilling into the up plunge area from 67 level returned a number of good intersections that require follow up…Duncan Middlemiss, President and CEO, commented, “We are extremely pleased with the recent infill drilling results from the Kiena Deep A Zone that continues to confirm the grade continuity and will be used to convert Inferred resources to Indicated resources in the updated resource estimate later this year.  The PEA study is ongoing and expected to be completed in Q2 2020; which will be based on the latest Kiena Mineral Resource Estimate from September 2019. Ongoing drilling of the A Zone continues to expand the size of this zone and is expected to grow the resource base”WDO is up 15 cents at $9.88 as of 7:00 am Pacific

6. The Dow has climbed 47 points through the first 30 minutes of trading…the S&P 500 and NASDAQ have hit new record highs…in Toronto, the TSX is up 30 points with the Gold Index steady at 270 after a big jump yesterday…the Venture is up 3 points at 580…key resistance is 585DynaCERT (DYA, TSX-V) is up 7 cents at $1.02 as it threatens to hit a new multi-year high…Canadian Palladium (BULL, CSE) is steady at 22 cents after a 4-cent jump yesterday…drilling at the company’s Palladium project near Sudbury could generate some buzz at PDAC…high-grade drill results last April from the Sunday Lake Project, including 9.1 g/t PGM over 15.8 m, more than doubled the share price of Transition Metals (XTM, TSX-V)…Palladium prices are now much higher and fresh results are due soon from drilling that started last month…the thickest and highest-grade intercepts yet from this property are possible given the significant new anomalies that were targeted…XTM, with only about 45 million shares outstanding, holds a 25% free-carried interest in the project, in addition to a 100% interest in multiple other PGE properties…XTM closed up half a penny at 18 cents yesterday with the rising 50-day SMA preparing to cross above the 200-day SMA at 17 cents in a classic “Golden Cross”…

7. First Majestic (FR, TSX; AG, NYSE) has reported record revenues of $363.9 million (U.S.) in 2019, a 21% increase from 2018, with adjusted net earnings coming in at $7.3 million (4 cents per share)…total production reached 25.6 million Silver equivalent ounces, a 15% increase over 2018, reaching the top end of the company’s 2019 guidance range of 24.4 million to 26.0 million ounces…Silver production reached 13.2 million ounces, a 13% increase over 2018, and inline with the company’s guidance range of 12.8 to 13.5 million ounces…FR generated a record $140 million (U.S.) of cash from operating activities, and mine operating earnings were $66.2 million (U.S.) compared to $11.9 million (U.S.) in 2018 primarily due to higher revenues, metal prices and lower cash costs…all-in sustaining costs of $12.64 (U.S.) per payable Silver ounce represented a 15% decrease compared to 2018, beating the 2019 guidance range of $12.98 to $13.94 per ounce…cash costs of $5.16 (U.S.) per payable Silver ounce was a 26% decrease compared to 2018, also beating guidance…the company achieved annual consolidated Silver recoveries of 86%, a new record, due to ongoing investments in metallurgical processing and innovation…First Majestic successfully commissioned the new 3,000 tpd high-intensity grinding (“HIG”) mill at Santa Elena, making it the only whole-ore, hard rock mining application of this technology in Latin America…the company also commenced earthwork and ramp development activities at Santa Elena’s Ermitano Project in advance of initial production scheduled for early 2021First Majestic ended 2019 with the highest cash balance in the company’s 18-year history (cash and cash equivalents of $169 million (U.S.), up from $57 million (U.S.) at the end of 2018) as the Silver bull market intensifies…FR is down 14 cents at $13.32 as of 7:00 am Pacific

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 18, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,585 and $1,594 so far today as it closes in on $1,600as of 7:00 am Pacific the yellow metal is up $9 an ounce at $1,590…Silver has jumped 16 cents to $17.92…both Gold and Silver are looking increasingly bullish from a technical perspective as they start to push through key resistance on short-term charts…Palladium has jumped another $23 an ounce to $2,424 while Rhodium has shot up $200 an ounce to $10,500…base metals are off slightly with Copper, Nickel and Zinc at $2.59, $5.85 and 96 cents, respectively…the U.S. Dollar Index continues to shine, up more than one-third of a point to 99.40 while Crude Oil has retreated 92 cents to $51.13investment professionals now see China’s $12.2 trillion economy rising an average of just 5.2% over the next 3 years, according to the Bank of America Global Research Fund Manager Survey for February…while that’s a level that much of the developed world would envy, it’s well off China’s average quarterly gain of 6.6% over the previous 3 years and well below the 10.6% gain of a decade ago…it’s also the weakest outlook since September 2015

2. Chinese officials are celebrating a drop in the number of new coronavirus infections and deaths, though the World Health Organization warned against complacency as global health authorities continue to battle the virus…China’s National Health Commission today reported 1,886 new confirmed coronavirus cases in mainland China yesterday, the first time the daily tally has fallen below 2,000 since the beginning of the month…the daily number of confirmed cases outside Hubei province, the epicenter of the outbreak, also fell to below 100 for the first time this month, while the number of new deaths across mainland China – 98 yesterday, all but 5 of them in Hubei – fell to less than 100 for the first time in nearly a week…of course we have to assume that China’s communist government is providing accurate numbers…the debate over whether the coronavirus has peaked has consumed health authorities and policy makers over the past week…across China, some policies have called for tighter controls to contain the spread of the virus, while others are designed to pave the way for a return to normalcy as the economic toll of the outbreak intensifies…

3. The optics aren’t good for Canada: President Trump is focused like a laser beam on the U.S. economy, a shining light in a rather gloomy world…meanwhile, as Canadian infrastructure came under attack by anarchists and eco-terrorists (not “land defenders”), Prime Minister Trudeau was galavanting around the globe last week to promote his failing globalist agenda in an attempt to win Canada a useless seat on the useless UN Security Council…he even cozied up to the rogue regime of Iran, warmly embracing Iranian foreign minister Foreign Minister Mohammad Javad Zarif at the 56th Munich Security Conference on Friday (video that Iran happily used for propaganda purposes)…back home where he belongs, Trudeau now says his government is committed to finding a “quick and peaceful” resolution to the blockades that have shut down swaths of the country’s rail system and temporarily blocked bridges and highways…those who are determined to “shut down” Canada surely sense the weakness in this country’s political leadership…in fact, there is a massive leadership vacuum…even “Conservative” Ontario Premier Doug Ford, all hat and no cattle as they would say out west, has hardly said a word about the disruptions that have carried on for more than a week…the national interest has no defender and the rule of law simply doesn’t exist…who’s even standing up for the democratically elected First Nation bands in northern British Columbia, all of whom support the Coastal GasLink pipeline?…every day the rail stoppages continue, the loss to the Canadian economy is staggering…with very rare exceptions (Jason Kenney in Alberta, for example), this country’s political leadership is an unmitigated disaster…

4. Palladium has quickly built on last week’s sharp gains, climbing more than $100 an ounce already this week to break above a bullish symmetrical triangle on the short-term chart…next measured Fib. resistance is near $2,800…the Palladium market was in a supply/demand deficit of more than 1 million ounces in 2019, and the shortage is expected to be even worse in 2020, according to Johnson Matthey in a report issued yesterday…analysts generally have cited strong auto-catalyst demand that is causing a continuing wide supply deficit…“The Palladium market deficit widened to over 1 million ounces in 2019, as combined primary and secondary supplies grew only modestly, while auto-catalyst demand surged higher on the back of new (emissions) legislation in China and more stringent testing regimes in Europe,” Johnson Matthey noted…the company said that average Palladium loadings rose by 14% in gasoline-powered cars…this drove automotive demand for Palladium to a record high of 9.7 million ounces, despite lower auto production in most regional car markets…all forms of Palladium demand amounted to 11.5 million ounces in 2019, up from 10.2 million in 2018, Johnson Matthey said…mine production eased to 6.89 million ounces from 7 million, hurt by lower shipments from Russia…however, recycling climbed to 3.42 million ounces from 3.12 million…investment demand remained negative, although the pace of liquidations slowed considerably from the previous several years…some 700,000 ounces of Palladium were in ETF vaults at the start of 2019, down from a peak of nearly 3 million in 2015…by August, the total fell to 590,000 before some moderate ETF buying in the final quarter of 2019, leaving them at around 660,000 ounces at the end of the year…imagine if ETF buying were to accelerate…“The Palladium deficit is likely to deepen in 2020, as an increasing number of Chinese and European vehicles meet China 6 and Euro 6d legislation, respectively,” Johnson Matthey added…“This is expected to drive up global average loadings on gasoline catalysts and could lift world automotive demand above 10 million ounces”

5. Silvercrest Metals (SIL, TSX) is pushing higher in early trading after this morning’s confirmation of a new discovery at its Las Chispas Project in Sonora, Mexico – the Babi Norte southeast faulted extension named the “Area 200 zone”…expansion drilling has significantly increased the strike length of the Babi Norte Vein from 1.2 km as previously announced on February 25 to over 2 km…39 drill holes in this area have established an initial high-grade footprint of 500 m x 125 m…drill results from these 39 holes in Area 200 show an average estimated true width of 1.5 m with a weighted average grade of 16.1 g/t Au and 2,166 g/t Ag, or 3,375 g/t AgEq…Area 200 is not included in the current resource estimate….with this discovery, the Babi Norte Vein becomes the highest-grade vein currently known on the property…Babi Norte now has a total of 274 drill holes, including Area 200, which will be part of the updated resource and initial reserve estimate for the Feasibility Study to be released around the middle of this year…the cut-off date for drill data to be included in the FS is the end of this month…CEO Eric Fier remarked, “Since the high-grade discovery in January, 2018, of the Babicanora vein, Area 51 zone, the Silvercrest technical team has been systematically testing out its theory of the nature of multiples for the potential to discover parallel high-grade precious metal veins and zones similar to Area 51.  With the high-grade discoveries of Las Chispas vein, Area 118, in November, 2019, and now the Babi Norte vein, Area 200, this work has proven effective. Area 200, approximately 500 m in strike length, is now considered the highest-grade discovery to date at Las Chispas and, combined with the remaining 1.5-km strike length of the vein, is the longest mineralized vein in the district, surpassing the Babicanora vein.  Area 200 is proximal to the Santa Rosa decline, suggesting it could be easily accessed with minimal underground development”SIL is up $1.31 at $10.08 as of 7:00 am Pacific

6. The Dow has fallen 89 points through the first 30 minutes of tradingApple (AAPL, NASDAQ) is under pressure after the company said the fallout from the coronavirus will cause it to miss its sales targets this quarter, sending shockwaves across tech stocks globally…meanwhile, Walmart reported fiscal 4th-quarter earnings this morning that fell short of analysts’ estimates…the retailer saw weak demand for toys, apparel and video games during the holiday season..in Toronto, the TSX is up 20 points with the Gold Index gaining 3 points to 264…exploration and production companies in the S&P/TSX Composite Index are collectively trading 70% below their 2014 peak…a resurgence in the Canadian energy sector is still nowhere in sight, leading more and more investors at home and abroad to the conclusion that the Oil patch is investable given Trudeau’s National Energy Program 2.0 (capital will always flow to where it’s wanted, and it’s increasingly flowing from Canada to the U.S.)…the Venture is up 3 points at 573…heavy volume in 1911 Gold (AUMB, TSX-V) in early trading on a major cross…it’s an attractive Gold junior we’ve been highlighting…AUMB is up a penny-and-a-half at 36.5 cents as of 7:00 am PacificAmex Exploration (AMX, TSX) has added 7 cents to $1.86 following last week’s new high-grade Gold discovery at depth at the Perron Property near Rouyn-Noranda…the stock confirmed a fresh breakout above $1.60 with a 27-cent gain last week…Palladium One (PDM, TSX-V) announced this morning that drilling will commence next week at its Palladium project in Finland…PDM is up a penny at 16 cents…other Palladium plays to keep an eye on include Canadian Palladium (BULL, CSE) and Transition Metals (XTM, TSX-V)…Sixth Wave Innovations (SIXW, CSE), which made its debut on the CSE with impressive volume and price action last week, has a major partner to crow about – the company announced last Thursday that Sumitomo Corporation of Americas is acting as sales representative for its IXOS®-Au product line…Sumitomo will introduce and promote IXOS® to its extensive customer base in the Gold mining industry and receive a 5% commission on applicable sales…Sumitomo completed a rigorous analysis and assessment of Sixth Wave’s disruptive IXOS® molecular imprinted nanotechnology used for Gold extraction, and is also interested in future Sixth Wave technological advancements for the extraction of other metals and contaminants associated with mining activities…SIXW raised nearly $14 million at 75 cents with no warrants…

7. As young adults from Generation Z start to carve out their career paths, they should not overlook the mining industry…there are 79,680 positions that will need to be filled in the mining field in Canada over the next decade, according to The Mining Association of Canada recently released annual report…a retirement wave is coming to the mining sector in the next decade which will see 25% of the industry’s current workforce retire by the year 2030, which represents around 57,000 positions…“The mining industry, both in Canada and abroad, faces a number of human resources challenges.  The 2020 edition of the Canadian Mining Labour Market Outlook estimates that the Canadian mining industry will need to hire 79,680 new workers over the next decade to 2030.  These new hires are required to replace retirees and fill new positions to meet baseline production targets”…on top of the retirement problem, the Canadian mining industry is facing an increasing brain drain when it comes to skilled workers…“Companies in other countries are actively recruiting Canadian graduates and workers, making retention challenging and recruitment highly competitive,” the report pointed out…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 13, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,572 and $1,578 so far today…as of 7:00 am Pacific the yellow metal is up $7 an ounce at $1,573…Silver has jumped 21 cents to $17.66…Palladium has added $5 an ounce to $2,305 as it continues to trade within a bullish symmetrical triangle on the short-term chart…action this week suggests Palladium could be nearing another major breakout…base metals are up slightly with Copper, Nickel and Zinc at $2.61, $5.96 and 98 cents, respectively…the U.S. Dollar Index is relatively flat at 98.99 while Crude Oil has gained 55 cents to $51.72…global Oil demand is now expected to see its first quarterly contraction in over a decade, according to the International Energy Agency (IEA), as the coronavirus and widespread shutdown of China’s economy hits demand…in a news conference today, China said it confirmed 15,152 new coronavirus cases and 254 additional deaths…those figures include the ones reported earlier by Hubei province under its new diagnosis methodology…previously, infections were only allowed to be confirmed with nucleic acid tests, which can take days to process, but Hubei province is now using CT scans which can diagnose the virus more quickly…the epidemic will hit China’s auto sales and production hard over the short-term, according to the China Association of Automobile Manufacturers…preliminary data for January shows vehicle sales tumbled 18% while sales of battery electric and other so-called new energy vehicles plunged 54.4%, down for a 7th month in a row…meanwhile, Canada is not without its share of problems these days…thousands of Alexandria Ocasio-Cortez’s have been mobilized across the country by the aboriginal extremist Wet’suwet’en “hereditary chiefs” and far-left foreign-funded affiliates who are determined to disrupt infrastructure, the resource sector and the broader economy as much as possible…in B.C., one of multiple provinces affected, rail shipments of perishable food, chlorine for water treatment and raw materials for manufacturers have been halted…unfortunately, this comes at a time when there is a huge vacuum of political leadership in Canada, particularly at the federal level…an extremist minority voice is being allowed to declare that it is the only true voice, and it’s ignoring court orders and using blockades to prevent companies from going about their lawful business…capital is going to increasingly flow to the United States if this craziness in Canada is allowed to continue…the unelected, unaccountable, foreign funded, anarchist and anti-capitalist “hereditary chiefs” are also undermining legitimate, moderate and entrepreneurial First Nation groups across the country who want to lift their people out of poverty…what’s happening here is a national disgrace…

2. The Palladium market was in a supply/demand deficit of more than 1 million ounces in 2019, and the shortage is expected to be even worse in 2020, according to Johnson Matthey in a report issued yesterday…analysts generally have cited strong auto-catalyst demand that is causing a continuing wide supply deficit…“The Palladium market deficit widened to over 1 million ounces in 2019, as combined primary and secondary supplies grew only modestly, while auto-catalyst demand surged higher on the back of new (emissions) legislation in China and more stringent testing regimes in Europe,” Johnson Matthey noted…the company said that average Palladium loadings rose by 14% in gasoline-powered cars…this drove automotive demand for Palladium to a record high of 9.7 million ounces, despite lower auto production in most regional car markets…all forms of Palladium demand amounted to 11.5 million ounces in 2019, up from 10.2 million in 2018, Johnson Matthey said…mine production eased to 6.89 million ounces from 7 million, hurt by lower shipments from Russia…however, recycling climbed to 3.42 million ounces from 3.12 million…investment demand remained negative, although the pace of liquidations slowed considerably from the previous several years…some 700,000 ounces of Palladium were in ETF vaults at the start of 2019, down from a peak of nearly 3 million in 2015…by August, the total fell to 590,000 before some moderate ETF buying in the final quarter of 2019, leaving them at around 660,000 ounces at the end of the year…imagine if ETF buying were to accelerate…“The Palladium deficit is likely to deepen in 2020, as an increasing number of Chinese and European vehicles meet China 6 and Euro 6d legislation, respectively,” Johnson Matthey added…“This is expected to drive up global average loadings on gasoline catalysts and could lift world automotive demand above 10 million ounces”

3.  Another reason for Gold to continue to track higher:  The sea of red ink is getting deeper and deeper in Washington, with the federal government already racking up a budget deficit that is averaging close to $100 billion a month…Treasury Department data released yesterday showed the shortfall at $389.2 billion in the first 4 months of fiscal 2020…that’s a 25% gain over the same period last year and already about 40% of the total deficit for fiscal 2019-2020…over the past 12 months, the government has spent $1.06 trillion more than it has taken in…all the red ink has bought the total national debt to $23.3 trillion…receipts actually are on the rise comparatively, coming in at $1.18 trillion through January compared with $1.1 trillion a year earlier…however, the rate of spending is adding to the shortfall, with outlays coming in at $1.57 trillion vs. $1.42 trillion for the first 4 months of fiscal 2019…that’s a 9.6% spending increase…

4. As young adults from Generation Z start to carve out their career paths, they should not overlook the mining industry…there are 79,680 positions that will need to be filled in the mining field in Canada over the next decade, according to The Mining Association of Canada recently released annual report…a retirement wave is coming to the mining sector in the next decade which will see 25% of the industry’s current workforce retire by the year 2030, which represents around 57,000 positions…“The mining industry, both in Canada and abroad, faces a number of human resources challenges.  The 2020 edition of the Canadian Mining Labour Market Outlook estimates that the Canadian mining industry will need to hire 79,680 new workers over the next decade to 2030.  These new hires are required to replace retirees and fill new positions to meet baseline production targets”…on top of the retirement problem, the Canadian mining industry is facing an increasing brain drain when it comes to skilled workers…“Companies in other countries are actively recruiting Canadian graduates and workers, making retention challenging and recruitment highly competitive,” the report pointed out…

5. This should come as no surprise:  Two Wet’suwet’en “hereditary chiefs” are suing Ottawa in a bid to force the federal government to take action on climate change…if the claim filed in federal court this week by these 2 “hereditary chiefs” of the Likhts’amisyu Clan succeeds, Ottawa would be forced to revisit the approval of projects such as the $6 billion, 670-km Coastal GasLink pipeline, if they prevent Canada from meeting international commitments to lower greenhouse gas levels…”What the Likhts’amisyu are saying to the federal government is that you’ve talked the talk, now it’s time to walk the walk,” said Richard Overstall, the lawyer for the chiefs…“And allowing these high greenhouse gas emitting projects to continue for 40 years isn’t walking the walk”…the lawsuit describes global warming as an “existential threat” that has specific impact on the “rights” of the Wet’suwet’en as guaranteed under Section 7 of Canada’s Charter of Rights and Freedoms – the right to life, liberty and security of the person (of course these are the same aboriginal extremists and anarchists who refuse to abide by court orders and do not respect the laws of the country)…the chiefs want a declaration from the Supreme Court that the Crown has a constitutional duty to act to keep global warming between 1.5 C and 2 C above pre-industrial levels…they also want a declaration that Canada has an obligation to meet those targets under a section of the Constitution that requires government to maintain “peace, order and good government”…and they’re seeking a requirement for Ottawa to prepare “a complete, independent and timely annual account of Canada’s cumulative greenhouse gas emissions” with the ability to cancel approval for projects that threaten climate goals…

6. In their own words:  Who are these individuals supporting the Wet’suwet’en “hereditary chiefs?…a typical example is 24 year-old Simran Dhunna of Climate Justice Toronto, profiled in a story by the left-leaning Toronto Star:  “We’re a youth-led group of young people who are uniting in solidarity with Indigenous folks who are on the front lines of the climate crisis.  We really believe that we’re going to be able to only stop the climate crisis when we confront its root causes: colonialism, white supremacy and capitalism (our emphasis).  A lot of our membership and youth around the city and country know that the struggle for Indigenous sovereignty is the struggle for climate action.  That’s part of the reason I was one of the people who was involved in a nearly 24-hour occupation of Carolyn Bennett’s office this Monday, rallying with others outside.  We occupied for 3 key reasons.  We want the Canadian government to implement UNDRIP and to respect Wet’suwet’en’s rights to free prior informed consent, which Coastal GasLink had never obtained.  We want the RCMP to stand down, to leave Wet’suwet’en land immediately, and to not arrest land defenders or searching through the Unist’ot’en’s healing centre.  This movement is taking the lead from Wet’suwet’en nation.  The Unist’ot’en camp has released a supporter tool kit (our emphasis).   And so climate activists and community groups have taken that toolkit and organized their own non-violent direct actions around the country.  For as long as there is an RCMP presence and for as long as the government and Coastal GasLink try to gain access to Wet’suwet’en land without consent, we will continue to take non-violent direct action and disrupt business as usual.  The government says that they’re climate leaders, say that they’re about reconciliation,  What we’re really seeing is inaction and hypocrisy on part of the government at the provincial and federal level”

7. The Dow has fallen 154 points through the first 30 minutes of tradingTesla (TSLA, NASDAQ) is under further pressure this morning after Elon Musk’s automaker announced plans to raise $2 billion in a stock offering through underwriters Goldman Sachs and Morgan StanleyTesla says it plans to use the proceeds from the offering “to further strengthen its balance sheet, as well as for general corporate purposes”…in Toronto, the TSX is down 31 points, with the Gold Index bucking the trend with a 3-point gain to 261…the Venture is 1 point lower at 570 at the top of a strong support band…Amex Exploration (AMX, TSX-V) has drilled a whopper of a hole – 29.4 g/t Au over 8.5 m (hole PE-20137) at its 100%-owned Perron Property near Rouyn-Noranda…this result is a major breakthrough as it opens up a whole new area of exploration in the Eastern Gold zone and is reminiscent of similar Abitibi Gold mines that have significant depth potential…PE-20137 extends the Gold mineralization at depth by 150 m as well as along strike by 75 m…it’s also to the east of a late-stage diabase dike as shown in an image on the company’s website…the intercept was from 631.5 m to 640 m (true width estimated at 45% to 75%) and shows exceptional grade continuity over the composite interval including 60.5 g/t over 0.70 m, 11.7 g/t over 1.00 m, 48.7 g/t over 0.60 m, 50.3 g/t over 0.50 m and 279.7 g/t over 0.50 m…AMX is breaking out to new all-time highs, up 27 cents at $1.82 as of 7:00 am Pacific…Eric Sprott is a major investor in AMX and will cheer these results…Great Bear Resources (GBR, TSX-V) has cut 10.6 g/t Au over 21 m in fresh results released this morning from its Dixie Project in the Red Lake District…the company has completed a successful “first pass” 4.2 km drill test of the LP Fault…all 59 drill holes on 50 to 250-m spacings successfully intersected Gold mineralization…a continuously mineralized zone is now interpreted (the “LP Fault zone”) which remains open both along strike and at depth…Balmoral Resources‘ (BAR, TSX) has commenced its 2020 winter drill program targeting several known Gold-bearing zones along the Area 51 system at its wholly-owned Fenelon Property…drilling is anticipated to continue through to spring break-up in April with a minimum of 5,000 m planned during the current phase of the program…Balmoral’s current 2020 exploration plan calls for a minimum of 20,000 m of drilling, focused almost exclusively on Gold targets on the Detour Gold Trend Project, which will be completed in 2 phases…Galway Metals (GWM, TSX-V) has cut 6.3 g/t Au over 30 m in the George Murphy zone (GMZ) at its Clarence Stream Project in southwestern New Brunswick…Sixth Wave Innovations (SIXW, CSE), which made its debut on the CSE earlier this week, has a major partner to crow about – the company announced this morning that Sumitomo Corporation of Americas is acting as sales representative for its IXOS®-Au product line…Sumitomo will introduce and promote IXOS® to its extensive customer base in the Gold mining industry and receive a 5% commission on applicable sales…Sumitomo completed a rigorous analysis and assessment of Sixth Wave’s disruptive IXOS® molecular imprinted nanotechnology used for Gold extraction, and is also interested in future Sixth Wave technological advancements for the extraction of other metals and contaminants associated with mining activities…SIXW raised nearly $14 million at 75 cents with no warrants…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 12, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,561 and $1,568 so far today…as of 7:00 am Pacific the yellow metal is off $4 an ounce at $1,564…Silver has fallen 13 cents to $17.48 but remains well within key support…Palladium remains very strong with buyers stepping in on any dips…it’s relatively unchanged at $2,262 as it continues to trade within a bullish symmetrical triangle…key breakout area is $2,365 at the top of that triangle and Fib. resistance on the short-term chart…Copper is up a penny at $2.61…Nickel has added 2 cents to $5.95 while Zinc is unchanged at 98 cents…Crude Oil has rebounded another $1.39 a barrel to $51.33 while the U.S. Dollar Index has gained one-tenth of a point to 98.84…foreign dollars continue to flow into the United States which has the cleanest shirt in a pile of global dirty laundry…U.S. equity markets have hit new record highs…Wall Street is cheering last night’s New Hampshire primary victory by socialist Bernie Sanders who scored a narrow win in terms of total votes…buoyed by a strong organization, Sanders has to be considered the early favorite to win the Democratic nomination and challenge President Trump in November…the prospect of such a matchup, however, should be terrifying for Democrats as Sanders underscores Trump’s point that the once centre-left Democrats have been hijacked by the far left…Americans will never elect a socialist President…Sanders is a socialist, not a true Democrat, and his campaign could fracture the party…

2. Oil jumped more than 3% this morning as traders eyed deeper production cuts from OPEC and as China reported the lowest number of new coronavirus cases since the end of January, easing concerns about a drop-off in Crude demand…in a closely-watched monthly report published this morning, OPEC cut its forecast for Oil demand growth this year, saying the coronavirus outbreak was the primary reason…the cartel said it now expects 2020 daily Oil demand growth to be 990,000 barrels per day (bpd), which is 230,000 bpd below prior forecasts…this, in turn, could encourage OPEC and its allies, known as OPEC+, to implement additional production cuts…“The impact of the Coronavirus outbreak on China’s economy has added to the uncertainties surrounding global economic growth in 2020, and by extension global Oil demand growth in 2020,” OPEC said in its report…an OPEC+ technical committee last week recommended expanding production cuts to put a floor under falling Oil prices, although there was some resistance from Russia…RBC’s Helima Croft, a leading authority on Crude Oil and the global head of commodity strategy at RBC, said that Oil’s move higher is a “sign that we are getting close to Russia signing off on the OPEC+ deeper cut”

3. As Canada heads down a very dangerous path with deteriorating respect for the rule of law, and the critical resource sector, finally a politician is speaking out…Alberta Premier Jason Kenney on Twitter:  “It’s about time that our authorities demonstrated that Canada is a country that respects the rule of law.  Allowing mob rule to override the express democratic wishes of First Nations is unacceptable, and it has to end”…the left wing mainstream media in Canada still doesn’t get it, nor do many Canadians it seems…there should be no sympathy for the Wet’suwet’en “hereditary chiefs”they are not innocent “land defenders” – they are foreign funded anarchists, aboriginal extremists, with a carefully crafted agenda to undermine Canada’s resource sector…all native groups, with the exception of the outlier Wet’suwet’en “hereditary chiefs”, support the Coastal GasLink pipeline in northwest British Columbia…the “hereditary chiefs” conducted an illegal blockade against this project and are supported by such groups as Red Braid Alliance for Decolonial Socialisman anti-capitalist organization that was responsible for shutting down Canada’s busiest port in Delta, B.C., last weekend…this movement has wings to it…“We’re part of a nationwide movement to shut down Canada in solidarity with Wet’suwet’en,” Red Braid organizer Isabel Krupp stated several days ago when her thugs blockaded the port in Delta and then defied a court order…meanwhile, in a statement yesterday, CN Rail announced that it would be shutting down “significant” portions of its rail network due to ongoing protests…this raises serious questions about the stability of Canada’s transport system and concerns about adequate enforcement of court orders putting an end to protests…a variety of shipments – food, construction materials, lumber, coal and propane – have been affected by the rail blockades just east of Belleville, Ontario, and in New Hazelton, British Columbia…near Belleville, members of the Tyendinaga Mohawk Territory have parked a large dump truck with a plough along the tracks…where is law enforcement and where is Ontario Premier Doug Ford?…the protests have stopped Via Rail passenger trains as well as CN trains, cutting off routes between Toronto, Ottawa, Montreal and Kingston…is this the kind of country Canadians want?…if it is, the socialist mob will prevail and the economy will go completely into the tank...unfortunately, Canada at the moment is in a weakened position because it’s a leaderless country, unlike its major trading partner to the south where the economy is zipping along under the strong leadership of President Trump (love ’em or hate ’em)…Justin Trudeau at the moment is roaming around South Africa promoting his globalist agenda when he should be here at home right now advocating a Canada First agenda…capital will increasingly flow to the United States unless this nonsense is Canada is stopped, and quickly…

4. Here’s a refreshing switch (and it’s the kind of activism that we need to see more of from entrepreneurial First Nations) – sue the Feds for NOT approving a resource project…the Financial Post’s Geoffrey Morgan wrote yesterday that an Indigenous group that stands to benefit from Teck Resources‘ (TECK.B, TSX; TECK, NYSE) Frontier Oil sands project in Alberta says it would launch a legal challenge against the Trudeau government if it rejects the development (as expected) later this month…“We do recognize that there are ways that we can go – and that’s one,” stated Ron Quintal, President of the Fort McKay Metis Nation, about launching a legal challenge if the Frontier Project is rejected…“We are prepared”Quintal says the Trudeau government has not yet consulted with his group…if a legal challenge is launched, it would mark a new type of challenge launched by an Indigenous community arguing their rights have been infringed by a project being rejected…the Fort McKay Metis are 1 of the 14 Indigenous groups that have signed benefits agreements with Teck…ironically, Canada’s “inclusive, progressive” federal government is carrying out a resource policy that is actually anti-First Nations as it’s perpetuating First Nations’ poverty…that’s the argument that conservatives need to push…

5. The Dow has soared 259 points through the first 30 minutes of trading…in Toronto, the TSX is up only 66 points…Barrick Gold (ABX, TSX; GOLD, NYSE) has reported a higher 4th-quarter adjusted profit that beat analysts’ estimates…it also announced a dividend hike and an increase in Gold reserves…the company posted adjusted 4th-quarter earnings – excluding special items – of $300 million (U.S.), or 17 cents per share, up from $264 million, or 15 cents, in the 3rd quarter…the result slightly beat the consensus estimates of analysts…the Venture, holding above a strong support band between 570 and 560, is steady at 573HIVE Blockchain (HIVE, TSX-V) is up another 2 cents at 49 cents…the stock has been a very heavy trader on a major surge in the share price, though strong resistance exists in the mid-to-upper-50’s on the long-term chart (Fib. resistance at 55 cents and the declining 500-day SMA at 58 cents)…Garibaldi Resources (GGI, TSX-V) has brought in much-needed fresh blood…Mark Scott, the former head of Nickel operations in Manitoba for Vale Canada, has joined the GGI board and has also taken on the role of VP Corporate Development…“With its top-tier Nickel grades combined with 10 other metals, including high-grade Copper, Palladium, Platinum and Rhodium in massive sulphides, the Nickel Mountain discovery is an extremely rare find on a global scale,” stated Scott…he added that his mandate is to “help unlock the full value of the most exciting Nickel sulphide exploration project in the world entering what’s shaping up to be a decade of high demand for Class 1 Nickel and strategic metals”GGI is up a nickel on the news at 84 cents as of 7:00 am Pacific…the chart shows a bottom in the high 60’s recently and a likely near-term move through the 50-day SMA at 86 cents…

6. Pretium Resources (PVG, TSX-V) is down sharply in early trading, making the company an even more attractive takeover target…change is definitely on the way at Pretium…the company has been consistently profitable with strong cash flow since commercial production started at Brucejack in 2017…however, investors are disappointed that the company’s early estimates of a fairly quick ramp-up to half a million ounces per year aren’t going to be realized…Gold production at Brucejack for 2020 is expected to be in the range of 325,000 to 365,000 ounces…the production rate for 2020 is expected to be 3,800 tonnes per day with the average annual Gold grade ranging between 7.6 g/t to 8.5 g/t at a targeted recovery of 97%…the midpoint of 2020 Gold production guidance is slightly below 2019 actual production, and that certainly has investors less than impressed nearly 3 years into mining…adjusted earnings for the 4th quarter were $33.1 million (U.S.), or 18 cents, up from $20.2 million, or 11 cents, in the same period of 2018…meanwhile, Pretium says its board of directors has started searching for a new President and CEO with current CEO Joseph Ovsenek planning to continue in his role while the search is under way…Ovsenek has been President and CEO since 2017 and President since 2015PVG is down $2.47 a share to $10.25

7. Sixth Wave Innovations (SIXW, CSE) made its CSE debut yesterday, closing at 59 cents…Sixth Wave, which raised nearly $14 million at 75 cents, is a North American-based nanotechnology company focusing on extraction products and technologies primarily for the resource and life sciences industries…the company specializes in molecular engineering, a discipline that is revolutionizing the fields of materials extraction, detection, purification and design…founded in 2013, Sixth Wave began as a manufacturer of detection devices for Homeland Security applications….since then, the company has expanded its remarkably selective detection and extraction technologies to address applications in high-value metals and pharmacological applications, with patent applications and protections now spanning over 40 countries…“We’re delighted to make this important transition to the capital markets, as a means of accelerating our growth trajectory and maximizing our future visibility,” stated Dr. Jonathan Gluckman, President and CEO…Sixth Wave has selected Gold as the initial target of our resource products division.  The timing for our commercial release is excellent, as demand for this historically rewarding metal is in an upswing.  Our IXOS-AuC product offers Gold producers an unprecedented means of increasing recoveries and maximizing profits.  The platform promises to replace activated carbon outright as the go-to method of Gold extraction, with minimal retrofitting to existing circuits, significantly lower capex for new installations, and significant increases in gold recovery and cost savings.  Simply put, we could not have chosen a better target metal, a better value proposition or better juncture for aggressive expansion in the resource sector”

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 11, 2020

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,565 and $1,575 so far today…as of 7:00 am Pacific the yellow metal is relatively unchanged at $1,571…Silver is off slightly at $17.69…Palladium dipped as low as $2,215 overnight but has bounced back and is now even on the day at $2,260…base metals are firming up…Copper has climbed 3 pennies to $2.69, Nickel has jumped 12 cents to $5.95 while Zinc is up a penny at 98 cents…Crude Oil has rebounded 81 cents to $50.38 while the U.S. Dollar Index is flat at 98.77China’s National Health Commission last night said the coronavirus death toll had risen to 1,016 people with 42,638 confirmed cases…however, data from Johns Hopkins University showed the number of new confirmed cases was its lowest since late January, increasing optimism around the country’s efforts to contain the outbreak…the epidemic could peak this month and then plateau before easing, according to the Chinese government’s top medical adviser on the outbreak…China, however, has not been totally transparent with regard to the coronavirus…in the United States, fears over the economic fallout from the outbreak have been offset by positive economic indicators thanks to a strong Trump economy…jobs data released last week easily beat analysts’ expectations while U.S. manufacturing and services activity show signs of improvement…

2. Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the U.S. economy in the first of his twice-a-year updates to Congress this morning, but cited a potential threat from the coronavirus in China and concerns about the economy’s long-term health…the U.S. economic expansion, now in its 11th year, is the longest on record…over the 2nd half of 2019 “the economy appeared resilient to the global headwinds that had intensified last summer,” Powell said in remarks to the House Financial Services Committee, as economic activity increased further and the labor market strengthened…his remarks echo the formal report the Fed submitted to the U.S. Congress on Friday, which repeated the central bank’s view that its current target range for short-term borrowing costs, between 1.5% and 1.75%, is “appropriate” to keep the expansion on track…with risks like trade policy uncertainty receding and global growth stabilizing, Powell signaled he sees no reason to adjust interest rates unless new developments cause a “material reassessment” to the current outlook…

3. Freda Huson, the spokesperson for the Wet’suwet’en “hereditary chiefs”, is an alt-left aboriginal extremist often championed by socialist and Marxist groups across North America and the globe…far from being a “land defender”, as a CTV News reporter generously described her (similar to calling a terrorist a “freedom fighter”), she is a law-breaking anti-resource, anti-capitalist foreign-funded anarchist who’s actually damaging the cause of First Nations across Canada – Indigenous peoples, unlike her, who actually work or want to work for a living, often in Canada’s resource sector where wages are high…she has aligned the Wet’suwet’en with the Red Braid Alliance for Decolonial Socialism, a radical foreign-funded anti-capitalist group that was responsible for shutting down Canada’s busiest port in Detla, B.C., on Sunday…“We’re part of a nationwide movement to shut down Canada in solidarity with Wet’suwet’en,” Red Braid organizer Isabel Krupp stated…“More than $1 billion of commerce moves through Deltaport every year.  We’re shutting it all down.  There’s no commercial traffic going in or out of Deltaport today”…Krupp’s thugs didn’t want to respect a court order and had to be arrested…Red Braid’s mission statement: Red Braid is a revolutionary working class and Indigenous organization.  We fight to abolish colonialism, imperialism and capitalism, which are destroying our communities and the nonhuman world.  We fight for multiple worlds where the free, full, creative development of each person is the responsibility of all”is there not a single politician in Canada who is willing to stand up to this nonsense?…First Nations negatively impacted by the actions of Huson, Wet’suwet’en “hereditary chiefs” and their supporters also need to break their silence…all elected native bands along the Coastal GasLink route are supporting the project and will reap substantial economic and social benefits from it…

4. Here’s a refreshing switch (and it’s the kind of activism that we need to see more of from entrepreneurial First Nations)…the Financial Post’s Geoffrey Morgan wrote this morning that an Indigenous group that stands to benefit from Teck Resources‘ (TECK.B, TSX; TECK, NYSE) Frontier Oil sands project in Alberta says it would launch a legal challenge against the Trudeau government if it rejects the development (as increasingly expected) later this month…“We do recognize that there are ways that we can go – and that’s one,” stated Ron Quintal, President of the Fort McKay Metis Nation, about launching a legal challenge if the Frontier Project is rejected…“We are prepared”Quintal says the Trudeau government has yet to consult with his group (if a legal challenge is launched, it would mark a new type of challenge launched by an Indigenous community arguing their rights have been infringed by a project being rejected)…the Fort McKay Metis are one of the 14 Indigenous groups that have signed benefits agreements with Teck

5. Skeena Resources (SKE, TSX-V) has drilled 14.8 g/t AuEq (11.5 g/t Au and 247 g/t Ag) over 31 m as Eskay Creek…other highlights of late 2019 drilling results released this morning included 15 g/t Au and 70 g/t Ag over 18.26 m; 1.5 g/t Au and 355 g/t Ag over 21 m; and 2.8 g/t Au and 44 g/t Ag over 25 m (core lengths represent 80100% of true widths)…4 surface drill rigs were utilized for the 2019 program in the 21A, 21E and HW Zones to infill and upgrade areas of Inferred resources to the Indicated classification…infill drilling within the 21A Zone continues to confirm historical widths and improve upon historically defined grades…the company expects to commence 2020 drilling with multiple rigs in the coming days…SKE is up 2 pennies at $1.15 in early trading…

6. The Dow is up 85 points through the first 30 minutes of trading as Wall Street continues to post record highs…in Toronto, the TSX has gained 57 points…the Venture, holding above a strong support band between 570 and 560, is up a point at 572HIVE Blockchain (HIVE, TSX-V) has hit a new multi-month high of 46.5 cents in early trading, on continued impressive volume, though extreme RSI(14) conditions have formed on the daily chart…Canadian Palladium (BULL, CSE) has commenced drilling at its East Bull Palladium Property near Sudbury…a 2nd rig will be added once logistics are settled and snow has been removed from various drill sites…the first drill is starting in the western end of the Valhalla zone and will progress eastward, infilling gaps and drilling down dip in an effort to expand the NI-43101 resource…Canada Cobalt (CCW, TSX-V) has added 3 pennies to 63 cents in early trading…new core photos from Castle East show that CCW has drilled into what clearly appears to be more exceptionally high-grade Silver as part of another vein shoot near the lower contact of the Nipissing diabase with Archean volcanics, approximately 350 feet from the original discovery zone that returned values as high as 212 oz/ton (~70,000 g/t) over a 4-m core length…

7. Canada’s government should fund initiatives like a proposed $1.6 billion project that would provide power and fiber optics to the country’s remote north and spur new business, says a prominent Gold mining executive…Canada’s Infrastructure Bank recently signed an MOU to assess the project, which needs federal investment to get built and would run to Nunavut from Manitoba…“This has to be looked at as nation building,” said Agnico Eagle (AEM, TSX, NYSE) CEO Sean Boyd in an interview…Agnico, Canada’s largest Gold producer, runs 3 Gold mines in the Kivalliq region and is Nunavut’s largest private employer…“A big part of that funding has to come from the federal government to not only build the power line to benefit the current communities, but to look at it as a way to finally open up an area which has tremendous potential,” he said…Nunavut is a vast Arctic region – the size of Mexico – with a population of 36,000 mostly Inuit that separated officially from the Northwest Territories 20 years ago…though rich with mineral deposits, it suffers from a dire lack of infrastructure and all electricity is produced by diesel generators…electricity production for the territory consumes 55 million litres (15 million gallons) of diesel each year, and Agnico Eagle’s Nunavut sites require 80 million litres (21 million gallons)…“As we’re considering major projects and as we make new discoveries in the north, which we believe will be there, we need a cost structure that allows you to build those into meaningful businesses,” Boyd said…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Older Posts »
  • All Posts: