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The blog Junior Gold Miner Seeker links to a couple of things done by Brent Cook recently, namely an interview and his presentation at Canvest15, and provides a couple of notes too. Right here.
Colombia Reports has the story
The 11-year-old daughter of the director of the NPU, Colombia’s government agency in charge of protecting threatened civilians, has been kidnapped, authorities said Thursday.Police and prosecutors intensified their search for Daniela Mora, the daughter of National Protection Unit Director Diego Fernando Mora, who was kidnapped Thursday afternoon by what appears to be street criminals in the eastern Colombian city of Cucuta.
- You can't handle long pieces of classical?
- You like tuning into something you know already?
- You want to be reminded old music has its total kick-ass moments too?
Bach has your back. Seriously, it matters not whether you're into the oldschool scrape'n'blow type stuff, if you can't hear the utter kickassery of this piece there's something wrong with your ears.
Here's a screenshot from today's post over at The Muck Pile:
Ok, that's it, I'm now in love. Go read the whole thing yourself.
- If we keep it to recent data only and note the period between July 2010 and December 2014, Peru's environmental watchdog body OEFA (Organismo de Fiscalización y Evaluación Ambiental) opened 729 files on companies and imposed 600 fines on mining companies operating in Peru that add up to the grand total of U$70m.
- Nearly all the fines imposed were immediately appealed in the courts.
- Hardly any of the fines have been paid to date.
- To that end, a few weeks ago the Peru government gave the OEFA special powers to make good on the fines imposed and get the mining companies to pay up instead of making the penalties disappear in the unending labyrinth of the Peruvian judicial system.
- And how have the mining companies reacted to that? Simple. Yesterday, via their chamber of mining, the SNMPE, they appealed the executive order that would make their members pay the environmental fines as being anti-constitutional and took the case to the courts. Bless 'em.
LONDON (Reuters) - The world's largest gold-backed exchange-traded fund, New York-listed SPDR Gold Shares, is no longer one of the top 10 U.S.-listed ETFs by value, according to data from FactSet.The value of the GLD fund, which issues securities backed by physical bullion, dwindled to $27.148 billion this week, data on its website showed, as its gold holdings fell to their lowest since mid-January at 709.9 tonnes.That makes it the 12th largest fund by value listed by ETF.com, which uses FactSet data. At its peak in August 2011, a month before gold prices hit a record high of $1,920.30 an ounce, its value reached $77.5 billion. Continues here
UPDATE: Iwnattos gives us a new Wall St Whitey post on gold, right on cue.
UPDATE: The three charts in this post from José Rubén Santís today, all about a brand new poll this morning (that came after this IKN post's publication, fwiw) show just why the above is true. The post is in Spanish but it's easy enough to understand the chart information. And again, for those who want deeper insight into the delcine and fall of Sergio Massa and what it's all leading towards, this post over at Los Huevos y Las Ideas dated June 2nd to which IKN previously linked does a fine job. Suitable for those adept to the tongue of Cervantes.
PS, fwiw, this opening section from the MUX lawyers' cover letter makes it clear what they're filing to offer:
"We are acting as counsel to McEwen Mining Inc., a Colorado corporation (the “Company”), in connection with its registration statement on Form S-3, as amended (the “Registration Statement”), filed with the Securities and Exchange Commission relating to the proposed public offering of up to $200,000,000 in aggregate amount of one or more series of the following securities of the Company: (i) debt securities (the “Debt Securities”); (ii) shares of common stock, no par value per share (the “Common Shares”); (iii) warrants to purchase Debt Securities (“Debt Warrants”); (iv) warrants to purchase Common Shares (“Common Stock Warrants”); (v) units consisting of any of the Company’s other Securities (as defined herein) which units may also include securities of third parties (the “Units”), (vi) subscription rights to purchase Common Shares, Debt Warrants or Common Stock Warrants (“Subscription Rights”); and (vii) subscription receipts that may be exchanged for Debt Securities, Common Shares, Debt Warrants or Common Stock Warrants (“Subscription Receipts” and, together with the Debt Securities, Common Shares, Debt Warrants, Common Stock Warrants and Subscription Rights, the “Securities”), all of which may be sold from time to time and on a delayed or continuous basis, as set forth in the prospectus which forms a part of the Registration Statement, and as to be set forth in one or more supplements to the prospectus."
From Agnico Eagle buy-in to "back in the range" took three weeks, minus a day.
I thought it might have taken a month, personally.
And here's a nice photo of one of the security outposts at the mine today. They seem to be having fun.
UPDATE seven minutes later: Ten of you already? I'm disappointed in you people...really...
Unlike IKN, Frank Holmes is serious and loyal and will never give you up. He'll never let you down. He'll never run around. He won't desert you.
Truth be told, it's unfair to point the finger at Kevin McArthur of Tahoe Resources (TAHO) (THO.to) as the only seller of his company's shares...
... in the way we've done in a couple of recent posts, because the fact is that it's not just him. I mean, just in the last month there's been a whole bunch of them.
We got the NR of the document this morning. Here's the table that matters:
Why can't mining companies face reality? Because it doesn't fit with their fantasy.
"...according to information reliably received, a lot of what TCM thought was ore is silicate encapsulated fine moly and is (I quote) "totally unrecoverable". The decision to run Endako on stockpile only was blamed in part on the low moly prices and the need to cut operating costs, but that's only half the story folks. Unless TCM's scientist boffins come up with a new way of recovering moly, when the three year stockpile runs out that's all she wrote for the mine."
DENVER, June 1, 2015 /PRNewswire/ - Thompson Creek Metals Company Inc. (TC) (TCM.TO) ("Thompson Creek" or the "Company") announced today that it and its joint venture partner, Sojitz Moly Resources, Inc. ("Sojitz"), have agreed to place the Endako molybdenum mine on care and maintenance effective July 1, 2015, due to continued weakness in the molybdenum market. Thompson Creek holds a 75% interest in the Endako Mine, and Sojitz holds the remaining 25% interest. In connection with the placement of the Mine on care and maintenance, approximately 270 employees will be terminated.
IKN got you covered, people. My thanks to A. Reader.
UPDATE: seriously, you think I'm joking?
UPDATE: Al Korelin is not part of the solution, he's part of the problem. Until the two-faced stock touts of this world are ignored, there will be no improvement in the Canadian market.
...the US Dollar index (USD). In fact it's the chart of the week.
It's back as the centre of all things once again, the only issue that matters. Call the dollar right = call the market right.
thanks for posting that Sunday...
from Telegraph obit:
So rare were her British appearances that London-based critics would travel to Europe to hear her, with one noting of her performance of Chopin Nocturnes in Spain two years ago that “each drama was on a grand scale, with each note weighted and balanced with fastidious authority”.
IKN316 has just been sent to subscribers. Lots of stuff and things this week, perfect for those long nights of insomnia. And remember...