PWC - 2013 Global Gold Survey

A review of miner trends by PWC. Includes a summary of key Mining M&A in 2012
Linked HERE

Junior Financing - Premier Gold

Premier Gold announced a deal to sell off their royalty interests to Sandstorm raising $70m. Cashed up for a number of projects or opportunities.

http://tmx.quotemedia.com/article.php?newsid=57590898&qm_symbol=PG

FOMC

Pre FOMC - interesting speech on Fed communication by Janet Yelland from Nov-12

The second property, which to me is the essence of the balanced approach, is that reducing the deviation of one variable from its objective must at times involve allowing the other variable to move away from its objective. In particular, reducing inflation may sometimes require a monetary tightening that will lead to a temporary rise in unemployment. And a policy that reduces unemployment may, at times, result in inflation that could temporarily rise above its target.

http://www.federalreserve.gov/newsevents/speech/yellen20121113a.htm

Speakers & Interviews at Vancouver 2013

Speakers at the Cambridge House Vancouver Conference
Presentations - HERE
Interviews - HERE
Korelin Interviews - HERE
Some Picks and notes below

Global Hedge Book Analysis - GFMS

Quarterly Reports on Hedging and De-hedging amongst the miners. .....more .....

Geoff Goetz at Cara Community - A turn for Gold and the Miners?

Geoff's timing and analysis have been excellent through 2012.
Now anticipating a turn for the miners. As a trader he clearly recognises the risk of the break down aswell as up.
HERE

Jay Taylor - Companies with Growth Potential

HERE
Looking for companies with strong balance sheets and growth
Discussion on streamer Sandstorm, top pick for 2013- have had a very good run already in 2012.
Project Generators - Eurasian, Riverside.

Deloitte - 2013 Top 10 issues mining for companies

HT My own Markert Narrative Blog: more ..........

AME BC Roundup - January 2013

The Association for Mineral Exploration - British Columbia (AME-BC) promotes mineral exploration in Western Canada.
However their Roundup Abstracts are excellent reading on exploration across Canada and by Canadian companies Internationally.................more....

John Hathaway - Tocquville Gold - Investor Report - 2012-Q4

A good collection of charts and monthly review from one of the leading gold fund managers

HERE

Once gold demonstrates that it can trade sustainably above $2000, or 20% above current levels, we believe that gold mining stocks could trade at 13%-15% of spot bullion (basis XAU). That would translate into appreciation of 60%-90% above the urrent XAU level of 160.

Investor sentiment on gold is currently extremely negative, comparable to the levels of mid-May 2012, when gold was trading approximately $100/oz below current levels.....Historically, extreme negative sentiment levels such as these have provided excellent entry points for new positions in bullion and the mining shares.

Mining stock valuations are driven by forecast gold prices, when the charts below point upwards perhaps it will be time to say everyone is in. Until then, as Pierre Lassonde said at Denver, - use spot.

Cambridge House - Vancouver Resource Investment Conference - Jan 2013

Many juniors are short of cash, although select stocks don't have a problem raising cash it seems,

Gold Mining M&A - Alamos bid for Aurizon $780m

Again a strongly rated stock, Alamos, bidding for a poor performer.

OT - Panto Style - York

Peculiarly British Panto.

Bonds and Gold - Chris Laird

Well worth reading and full consideration. The 30 year bond bull market, zero bound rates, accelerating debt growth and the rise in gold are intimately related. Some would say the turn in that bond bull market will be the trigger for gold's greatest upleg.
Laird HERE

Hulbert Gold Sentiment

Investment Bank Gold Price Forecasts for 2013

Linked HERE

The conflict reported elsewhere between Morgan Stanley for higher and Goldman calling a turn down.

How Miners Can Leverage the Price of Gold / What's Driving Gold companies - Frank Holmes of US Global Investors

A couple of good articles recently.

Kyle Bass of Hayman Capital at Americatalyst 2012 plus document / slides - The Central Bankers' Potemkin Village

This dates from September/October 2012 and is one of the best presentations I have seen from Bass of his views on Japan, Europe, the US and debt.
If the clear turn to debt monetisation in Japan is the beginning of the end he has bet on, will investors flock to the US$ or will they foresee the same problems to come for the US and move to Gold?

Brent Cook Interview

At the Gold Report - Defining what to look for
And outlining the opportunity as good deposits become hard to find.

Dahlman Rose Emerging Miners Conference

4th annual, a number of these have presented for a few years now. A few alumni have been acquired

The Hemlo Discovery

HT to Tommy Humphrey's CEO.ca on posting the Hemlo discovery documentary.

Back to the early 1980's, speaking of a different age of discovery and investing, a 25m oz high grade deposit next to a major highway in Canada. Noranda developing a mine in 2 years, for $250m to mine 1/3 of Canada's gold production. Corona $2 to $20 in weeks. Scepticism on a new discovery in the heart of a district with long exploration.
Then 200 companies follow. The rise of the Vancouver exchange in providing risk capital.

Alf Field - Jan 2013

Sinclair's favoured Elliot Wave Technical analyst
Believes the correction has ended unless there is a renewed decline below $1636
Expects to refine his target after gold breaks $1,800
Continues to foresee $4,500 for this wave 3 of 3.

Full Article HERE
Long history of past articles HERE

Junior Gold Producer Valuation Comparisons - BMO

A detailed analysis of a series of producing juniors for relative valuation by BMO, recently discussed at the Northern Miner......

Juniors that Cheered the Market in 2012

Article from Mining Markets with 8 of the all too few exploration discoveries from 2012, quite a number of which have fallen back hard, perhaps offering another chance to consider, others still leading.

HERE

Happy Christmas

Barron's - What a Gold Mine

Mainstream Barron's report suggesting Miners are a smart way to play Gold.

HERE

Broker/Analyst Gold Stock Picks for 2013

See Links ......

Japan's New Carry Trade Reflation - Evans Pritchard

From Evans Pritchard's Column.

 The profound shift in economic strategy by the world’s top creditor nation could prove a powerful tonic for the global economy, with stimulus leaking into bourses and bond markets - a variant of the "carry trade" earlier this decade but potentially on a larger scale.......more

PWC - Junior Mining / Australian / Major Mining Reports

An annual review of the top 100 venture companies and sector issues.

Dahlman Rose & Co. Global Metals, Mining and Materials Conference

Presentations by some of the main US listed Miners.

Junior Silver M&A - First Majestic to Buy Orko Silver

First Majestic is a well rated growth silver Miner, here again using a strong stock price to acquire a long standing junior silver developer, Orko, with its Preciosa deposit for $380m, a premium of 70% to recent prices.
Orko have a resource estimate of 110m oz resource and 154m oz inferred and still awaiting a PEA to consider open pit mining economics.
Pan American Silver previously decided not to proceed with a right to earn into the project. ........

Abe wins Japanese Election - Global Print?

Will Japan do "unlimited easing"
Good for gold, or a mirage strong US$ ?

Couer D'Alene Buy Mirasol's Interest in Joaquin Silver Project

The Joaquin project is in Argentina, which has seen investors running scared of project nationalisation, risks of being unable to take cash and profits out of the country and some more localised permitting issues.

Gold Junior M&A - Primero Acquire Cerro Resources

Primero are one of the juniors in Mexico with a Goldcorp relationship/history.

John Kaiser - Discovery Cycle Coming

Kaiser expounds on his thesis, detailed in recent links to his articles at this blog, that the trading culture on the TMX is killing the junior sector.


Kaiser emphasises that a resource discovery cycle is coming after a resource feasibility cycle.
Rick Rule has also suggested the shock  will be the discovery cycle to come.
It is the smallest juniors which will drive new discoveries.

Golden Points to Ponder - Rick Mills

A good overview, familiar from a number of presentations by Mining leaders previously posted here, summarising the shortage of large gold discoveries, the reducing grade and quality of deposits and the growing attractiveness of low total cost deposits and discoveries held by junior companies.

At Ahead of the Herd

Rick Rule - Sprott Asset Management - Largest Capital in the world now entering the Gold & Silver Space

Interview with Rick Rule at KWN

Mylchreest - Thunder Road - The Ultimate Bubble is in Money itself - Gold & Silver "Go To" Assets

Paul Mylchreest's Thunder Road Report now published by Seymour Pierce is deep reading on Gold and on its place during Long Wave Kondratieff cycles.........

Brent Cook - Profiting from the Dismal State of Gold Miners and Explorers

Cook raises similar issues to Kaiser (see recent post) but sees a mining industry that is in dire need of quality economic discoveries.

Full article HERE

John Kaiser - Venture Market Survey and Finding One Big Anomaly

These papers by the ever analytical John Kaiser have been widely referenced by the likes of Rick Rule and Brent Cook.