Association of Mining Analysts - AMA - Gold Miner Cost Curves 2013/14 & Exploration Activity

Two recent presentations from the AMA
State of the Market
Metals Outlook

Global Mine Financing Guide - Mayer Brown - 2014

Part of Mining Journal's "Leaders Series"
A detailed guide to issues in mine financing with round-table discussion involving Ernst & Young, Mayer Brown, SRK and BMO.

Gold Miner Bulls and Bears

Many gold-analysts seem to be seeing positive technical signals in gold and the miners as prices move above 50 and 200 day averages, though plenty expect a retest.

BMO Metals & Mining Conference 2014

The big BMO institutional conference before PDAC.
Expect podcasts in a week or two HERE and links to previous conferences.
BMO's team, transactions and biases.
Last Year's 2013 Metals & Mining Research 200pp company coverage.

Mining's Cycle - Quinton Hennigh

An article dating back to 2012, Quinton Hennigh, an industry geologist who also writes with Brent Cook at Exploration Insights, suggests we should expect a pivot point where gold mining and exploration proliferate.

World Economic Forum - Mining & Metals Scenarios to 2030

 HERE - can't see a publication date but may date back to 2010

Brent Cook & John Kaiser Discuss Markets and Stock Picks

Al Korelin discussion with Cook & Kaiser and others
Interesting to see the different approach of the industry geo, Cook, looking for deposits that work at low metal prices, against the investor looking for leverage to a higher metal price, and the swing from being priced for bankruptcy to profit by Mymikan Capital's Dan Oliver.

Brent Cook - Peak Discovery

A great article by Brent Cook outlining some of the miners' problems which drive him to believe there will be growing demand for quality discoveries and deposits.

Sheldon Inwentash Insider Positions

Inca Kola points to Kip Keen's article at Mineweb discussing the limited volumes coming into the miners on the venture exchange and how the oil dominated venture index can give some misleading signals, as I

Bounces in Hinde's 90 Percent Club

Hinde Capital ran an article in October 2013 listing some of the biggest fallers in the mining sector, down 90% or more from their old highs - HERE
They highlighted that prices were falling below cost of production.
Below is a watchlist of the stocks. A number of things to note.......

$10bn Wall of Funding waiting in the Mining Sector's Wings

Article at Mineweb

“the money is getting stuck in the funds and not being invested, mainly because the fund managers are doing far more comprehensive due diligences than have previously been done and not everyone is managing to jump the hurdles.” Much of the reason for this, Tyler explains, is that there has been a significant difference between the type of returns that have been promised and what has been delivered.“In the past you had to have a good deposit if you wanted to raise funds, but now you have to have a good deposit and good management. In the past we have had good deposits ruined by poor management; it is easy to do the calculations on the geology, it is hard to do the due diligence on management.”

 Investors have said to the majors, stop investing capex in projects which can’t justify a return, start giving back capital to us as your shareholders 

Aussie Miners - Eight Elephants - Tony Locantro / MacQuarie Gold Equities

Article at The Digger follow "Download" for the PDF - or HERE

Regardless of the negativity and paranoia surrounding the junior resource sector, there will still be companies graduating through the ranks to the mid-caps.......even though they are rare

More general review of Aussie Gold Miners - July 2013 MacQuarie Sifting through the Ashes

Roulston & Coffin Gold Stock Picks

Lawrence Roulston discussing buying HERE - .....more

RIU Australian Exploration Conference - Fremantle 2014 & Craig Oliver Award

RIU Aussie Explorer show 19-20th Feb

Programme HERE

Stockwatch list Below

Ernst & Young - Mining M&A - 2013 Trend - 2014 Outlook

Report from E&Y - Summary
Full Report - Includes longer interview with Randy Smallwood of Silver Wheaton.
And this trend in the M&A drivers;

Junior Mining M&A - Silver Standard Purchase Marigold Mine

Silver Standard continue the theme of Junior / Mid-Tier miners buying quality but non-core assets from the majors, in this case the Marigold Mine from Barrick & Goldcorp for $275m

OT - Nineties Night - Oasis - Cigarettes & Alcohol

Back in the day, when the Blues were the Other Manchester team, playing at Maine Road, while the class of 92 lived the dream at Old Trafford.   How times change.
Oasis Definitely Maybe, the first and the best, the sound of the City.

Full Watchlist of the Venture Index - Poised for Golden Cross?

Bullmarketrun have been calling the turn on the Venture this year.
Some are waiting for volume and clearer signals, some of which may be near. In the meantime the market bifurcation and selective bull market noted by Rule, Roulston and Kaiser is clear with strong leaders and laggards. A full stock watchlist of the Canadian Venture Index $CDNX is included below.

Rob McEwen Interview at Mineweb

Interview HERE

 I like grade. The higher the grade the more attractive the project is to me. I like projects that don't need enormous capital. I look for projects where management hasn't sold royaties or has an inclination to sell them because they're taking away, in my mind, the profit of the industry. 

 I'd say we're either at or extremely close to the bottom and as an investor I'm not prepared to wait to see if the bottom's there because it's very hard to pick it. Because, as we talked about the performance last August, if you you're not taking advantage of it right now, you're going to miss a big part of the move. And when you look at the distance these stocks have to travel to get to their old highs, there's some wonderful numbers in terms of performance that I think we're going to see. 

 

AME BC Mineral Exploration Roundup 2014

After the Vancouver investor show comes the more Geo / Industry focussed AME roundup.
The companies here are presenting to geo-peer review rather than promoters and retail investors.
Many of the exhibitors are service providers to the industry....... more .....

Junior Gold M&A - Tyhee to Merge with Santa Fe Gold

Another junior merger proposal.

Junior Gold Mining M&A - Northern Star to 350k oz with Barrick's Kanowna Bell Mine

Following on from their acquisition of Barrick's Plutonic Mine in Australia they have now announced a further Barrick Mine acquisition at Kanowna along with exploration and development potential at East Kundana JV.

CIBC - Institutional Investor Conference - Whistler 2014

A number of gold companies attending, audiocasts HERE 
(Registration required)
Companies below

More from Vancouver Resource Show 2014 - Kaiser, Roulston, Giustra, Rule, Holmes, Cook

Several more sections - below.

Financial Times - Questioning Paper Gold - Learn from Buba Demand Delivery / & Grant Williams Back-Story

The FT is usually very dismissive of the gold bugs.
Here Neil Collins asks the questions about paper and physical gold and why the Bundesbank has not had their gold back. This follows John Dizard's previous article.
The longer Grant Williams article explores the background of previous problems with banks holding gold short positions who left the gold market, as recently announced by others, like Deutschebank.

As has been remarked here before, forecasting the price is for mugs and bugs. But one day the ties that bind this pixelated gold may break, with potentially catastrophic results. So if you fancy gold at today’s depressed price, learn from Buba and demand delivery.

GFMS Gold Survey 2013 & Updates - Gold Mine Supply & Cash Cost Curves

Sign up HERE
2013 Report    /     Update 1      /       Update 2

Interesting Charts in Update 2......below

Rick Rule Interview - Optionality

Rick Rule interview  Palisade Radio 

Management and Institutional Ownership - Skin in the Game

Article by Tickerscores with interesting charts on the changing profile of ownership through development stages, in particular the ramp up in Institutional ownership at PFS study stage.
Also highlighting the ranges of ownership to benchmark junior and exploration management stakes.

Vancouver Resource Show 2014 - Interviews & Videos - Cook, Kaiser, Rule, Beaty, Fulp

Posted by Cambridge House..... Below

Gold Newsletter

Brien Lundin coverage HERE
One of the more established newsletter writers, including reports from New Orleans conference and stock picks from Brent Cook, Eric Coffin, Lawrence Roulston, Scott Gibson and others.

Vancouver Resource Show 2014 - Rule, Kaiser, Roulston

The annual Cambridge House Show in Vancouver.......more .......

Citi Bullish on Miners for first time in 3 years

Citi bullish on the Miners

“We would rather be too early than too late in making this call.”

Miners Going Green on Volume

Some miner/explorer charts showing price increases on high relative volume over the past month.
While plenty are just half penny-crappers doubling to a penny there are some, particularly on less dramatic volume, which are the clear leaders attracting the current fund flows.
More to do to exclude stocks with recent splits, though these should flag on the charts, and a closer review required of .ax stock sectors. A number are driven by M&A.
Quite a few graphite and rare earth stocks moving and nickel after the Indonesian announcement.
As always only some starting point for due diligence.

Barron's Roundtable 2014 - Felix Zulauf on Gold - Fred Hickey Picks

Full Barron's Roundtable Part 1 HERE

Part 2 HERE - "Shaking it Up"
Part 3 HERE - "Better Get a Grip"

Jordan Roy-Byrne - Junior Mining Stocks Have Bottomed

Roy-Byrne steered clear of the bear in 2012 but came back bullish too early in 2013.

Now considers that the Juniors have Bottomed

 the stronger and higher quality companies are showing leadership. The risk has shifted from getting caught in a final plunge to missing out on the rebound.

He reviews the Venture exchange's performance as we did HERE yesterday.

Brent Cook - Rules of Thumb for Junior Mining Speculators - Light at the End of the Tunnel (Plus Discussion with Korelin)

A pivotal year for junior mining and exploration investors.
Notes on company and project review from Brent Cook

Brent Cook Discusses with Al Korelin

• Number of deposits held by juniors economic and selling at a discount.
• Be very selective on early stage exploration
• Competent people with cash and good projects
• Early view of costs to get out of ground and rock potential. 

Canadian Venture's Start to 2014

A very strong start to 2014 with hardly a session down and moving above the 50d and 200d averages. 

Rick Rule - Big Money Circling Natural Resources

http://sprottglobal.com/thoughts/articles/big-money-entering-resources-precious-metals-rick-rule/

Also in discussion HERE

John Hathaway - Tocqueville Gold Investor Letter Q4-13

Letter - HERE
Many Interesting Charts - HERE

FT - Gold Mining - Squandered Opportunity

Interesting timing for the FT to take an interest in Gold Miners as they make a strong start to 2014.
Plenty of truth in the errors made.