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It was an eventful day in the markets with the Dow snapping a 12-session winning skid while the TSX, even though it gave up 64 points, registered its 13th consecutive positive monthly return – a new record…

The price of Gold fell, so Gold stocks went up (they’ve been going in opposite directions recently), the Venture unwound a little more, and two Venture companies came out with fascinating news – one at the start of the trading day, leading to massive volume accompanied by a big price jump, and the other following the close…

Venture Chart Update

Don’t fret about the Venture’s 22-point pullback over the last 3 sessions – embrace the temporary weakness!…after a 19.5% advance since late December, the Index has decided to digest some of those gains as it’s “unwinding” in a healthy fashion which will set the stage for the next big wave to the upside…downside risk is limited to less than 6% from current levels given the powerful support band between 800 and 770…

Saint Jean Carbon Inc. (SJL, TSX-V)

Pardon the pun, but Canadians who were able to put some Saint Jean Carbon (SJL, TSX-V) paper into their TFSA’s should manage to avoid a “Carbon Tax” (on their capital gains)…

SJL surged nearly 70% today on wild volume – 54 million shares – after announcing that it has received its first order from Panasonic Corp. to supply graphite anode material, in 2 different specifications, to its manufacturing facility…that’s a great customer to have as Panasonic of course is one of the largest battery manufacturers in the world, a supplier for the likes of Tesla, Toyota, Volkswagen and many other large corporations…

In situations like this, speculation often goes to extremes, so it’s hard to imagine that SJL’s move will stop at today’s 18.5 cent close…John’s long-term chart shows a very strong breakout above the 38.2% Fib. level and the 3rd fan line…

Garibaldi Resources Corp. (GGI, TSX-V)

Mining analyst Dr. Raymond Goldie wrote the book on Voisey’s Bay (“Inco Comes To Labrador”), so when he stated in an interview that Garibaldi Resources‘ (GGI, TSX-V) E&L Project is “the best Nickel sulphide prospect in Canada”, his words do carry weight…Goldie, in fact, was so impressed with the E&L, he recently opted to become a director of GGI…

Today, following the market close, Garibaldi further strengthened the case that one of the most exciting drill programs in years in British Columbia is shaping up in the center of one of the world’s most prolific high-grade districts, the Eskay Heart of Gold Camp, with the E&L situated just 15 km southwest of Eskay Creek and almost exactly in between the past producing Snip mine and Pretium Resources‘ (PVG, TSX) incredible Brucejack deposit (soon to start commercial production) along a NW-SE trend…

Garibaldi has completed its modeling of the E&L deposit, concluding that “the first magmatic Nickel-Copper-rich massive sulphide system in the heart of Northwest British Columbia’s prolific Eskay mining camp reflects a much larger-scale intrusive event than ever previously envisioned.

“Garibaldi geologists are now viewing the E&L as a large-tonnage, high-grade exploration target within an intrusion defined over a length of 4 km and a width of 1.5 km. 

“Given the compelling data, including indications the E&L Intrusion may host more than one Nickel-Copper-Cobalt sulphide deposit with associated precious metals and high tenors, the company is immediately proceeding with a full-scale heli-borne electromagnetic (EM) survey that can detect conductive sulphide bodies up to 350 m in depth (survey to be carried out as soon as weather conditions permit).”

Everett Makela, Garibaldi VP Exploration Canada, commented: “The Garibaldi team, in collaboration with industry leading consultants including geophysicist Alan King, have arrived at an E&L model with observations and interpretations that provide powerful encouragement for a Nickel-Copper-rich sulphide deposit, or series of deposits, in the center of a prolific mining camp that includes the past producing Eskay Creek and Snip mines, Seabridge’s massive KSM Copper-Gold porphyry deposit, and Pretium’s high-grade Brucejack Gold deposit on schedule to commence production this year.”

Images of the E&L 3D geologic model will be made public within the coming days…and there’s nothing like a VTEM survey in a situation like this to drive intense investor interest…

E&L “Checklist” Is Now Exceptionally Compelling!

• Known deposit open in all directions (historical non-compliant near-surface resource based on 1960’s drilling)
• Massive sulphides outcropping at top of Nickel Mountain (nearly 2,000 m, powerful system brought them up!)
• E&L Intrusion is 4 km long, 1.5 km wide
• Chambers and bulges connected by conduit dykes and pipes
• Numerous possible traps and depositional sites for massive sulphide accumulation
• Younger sulphide mineralized olivine gabbro phase has intruded a barren gabbro-diorite phase
• The right mineral assemblage (pyrrhotite, chalcopyrite, pentlandite)
• High tenors (4.8% to 8% Nickel, 2.1% to 10.9% Copper in 100% sulphide)
• Sulphur source (Hazelton Group black shales) – crucial for Ni-Cu-PGE massive sulphide deposits and metal enrichment
• “Q” magnetic anomaly with conduit-shaped “keel” 800 m south and 400 m below near-surface deposit (feeder zone?)
• Tectonic setting (exciting crustal scale geodynamics!) – abrupt, disruptive, large-scale “events” have occurred (necessary for volume), an interpretation supported by massive gravity signatures (gravity anomalies are essential for major Nickel sulphide deposits)
• District setting is unquestionably world class and one of the most mineralized parts of the entire planet with Brucejack, KSM, and past producing Eskay Creek and Snip deposits – if there’s anywhere in Canada where another Voisey’s Bay could have formed, this is it!
• Infrastructure – more than $2 billion has been poured into the Heart of Gold Camp in the last few years to bring power, new roads and other key infrastructure into the area – lowering exploration costs and making new discoveries and new mines more likely
• This list is sure to keep growing, especially after a VTEM survey!

Garibaldi bounced strongly off major support between 14 and 14.5 cents this morning, closing at 16.5 cents for a market cap of only $12.3 million…

Keep in mind the following…

1. Last year, the 3 juniors that drilled in the district – Colorado, Skeena Resources (SKE, TSX-V) and Tudor Gold (TUD, TSX-V) reached a combined average market cap high of nearly $100 million!
2. On a broader scale, the 6 most active companies in the district – ones that drilled or didn’t drill – attained an average market cap high of almost $60 million!
3. Even if one were to remove the Tudor Gold anomaly out of the equation, the above figures would come to approximately $65 million and $40 million, approximately
4. At the other end of the country, in Labrador, Northern Shield ran to a $60 million market cap last year on a grassroots Ni-Cu-PGE prospect with VTEM conductors and surface samples but far less advanced than the E&L

The E&L & Kambalda Comparative – Video Clip

After today’s news, it’s worth going back to our 2nd video excerpt with Dr. Goldie (there have been 3 with 1 more to come) on how is it that a potential major Nickel-Copper-rich massive sulphide deposit could have been overlooked all these years in the Eskay Camp?…

Click on the arrow to view…

Note:  John, Jon and Daniel hold share positions in GGI.

BMR Morning Market Musings returns tomorrow (Wednesday) as part of a broader new overall format at BMR.

1. Gold is trying to stabilize above $1,250 after a volatile session yesterday when it reacted at its 200-day moving average (SMA) in the $1,260’s…as of 7:00 am Pacific, bullion is up $4 an ounce at $1,256…Silver has added a dime to $18.34 while the U.S. Dollar Index has slipped one-fifth of a point to 100.97…President Trump addresses Congress tonight in a speech that’s expected to provide more clarity on economic reforms…yesterday, Trump said he would propose a budget that would ramp up military spending after years of cuts by the Obama administration, while seeking savings elsewhere without touching Social Security and Medicare…the formula ensures deficits for at least the next couple of years and a continuing increase in U.S. debt…

2. U.S. GDP slowed in the 4th quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment…GDP increased at a 1.9% annual rate, the Commerce Department said this morning in its second estimate for Q4, confirming the numbers published last month…output increased at a 3.5% clip in Q3…the economy grew just 1.6%, however, for all of 2016, its worst performance since 2011.  “With the second estimate for the 4th quarter, the general picture of economic growth remains the same; the increase in personal consumption expenditures was larger and increases in state and local government spending and in nonresidential fixed investment were smaller than previously estimated,” the report said…

3. The Venture is up 1 point at 828 as of 7:00 am Pacific after the Index fell 9 points yesterday and touched its EMA(20) at 827 for the first time this year…exceptional Venture support ranges from the 780’s to the mid-820’s…meanwhile, the Dow ended yesterday’s trading with a 12th consecutive record high, matching the longest such streak first set in 1987…in Toronto, the TSX – despite a broad sell-off on Friday and a further 70-point drop yesterday – is on its own record run, on track to post a 13th consecutive positive monthly return today…the Dow is down slightly while the TSX is up slightly as of 7:00 am Pacific…

4. Agnico Eagle Mines’ (AEM, TSX) CEO Sean Boyd told Kitco News yesterday at the BMO Metals & Mining Conference that the company is prepared to spend $1.2 billion in Nunavut – the most Agnico Eagle has ever invested in a single district – where it’s continuing to develop assets and explore for new discoveries.  “We see tremendous mineral potential (in Nunavut)…and a region that’s willing to do business,” Boyd stated…over the last decade, AEM has increased its land package 10-fold in Nunavut to 440,000 hectares…

5. CobalTech Mining (CSK, TSX-V) has hit a new high of 44.5 cents in early trading after recently announcing the signing of a Letter of Intent to acquire a fully permitted Cobalt processing facility in Cobalt, Ontario, strategically situated near the company’s current portfolio of Cobalt mineral properties… 

6. Cruz Cobalt (CUZ, TSX-V), already established with a strategic land position in the burgeoning northern Ontario Greater Cobalt Camp, has added a new Cobalt property to its portfolio – the Chicken Hawk prospect covering 1,300 acres of claims on the western edge of the Boulder batholith and east of the Cordilleran fold and Thrust belt in southwestern Montana…CUZ has added half a penny to 27 cents through the first 30 minutes of trading…

7. Red Pine Exploration (RPX, TSX-V) has discovered a new shallow high-grade zone in the northern extension of its Sulranga deposit at its Wawa Gold Project in northern Ontario…drill hole SD-16–45 has interesected 14.6 g/t Au over 15.2 m (true thickness, un-cut) in the Jubilee shear zone…drilling continues with the program focused on expanding the deposit, defining the Gold structures of the Wawa Gold Corridor and quantifying the structures associated with the property’s historic mines…RPX is up half a penny at 15 cents as of 7:00 am Pacific…

The 3 most popular recent BMR articles…

Gold Will Flex Its Muscles, Push Higher

An Investor’s Guide To Who’s Who In The Greater Cobalt Camp

From Cobalt, Ontario: The Venture

Gold pushed to a new 3.5-month high today, reaching $1,265, on momentum and further weakness in the U.S. Dollar Index…as of 11:00 am Pacific, the yellow metal is now flat at $1,257 after reacting at its 200-day moving average (SMA) which is at least temporary stiff resistance…Silver is unchanged at $18.33…Copper is up a penny at $2.69 while Nickel has climbed 8 cents to $4.98…Crude Oil is 19 cents higher at $54.18 while the U.S. Dollar Index has slipped one-fifth of a point to 101.08…

Bets on higher Gold prices can be seen in data from the Commodity Futures Trading Commission, showing hedge funds and money managers holding the largest net long positions in COMEX Gold in nearly 3 months during the week ending February 21…

Russia increased its Gold reserves by 37 metric tons in January, according to Sputnik News (more reliable than CNN), which is equivalent to more than a million troy ounces…last month’s purchase comes after a pause in December when Russia did not buy any Gold…

Silver has posted 9 straight weekly gains, its best weekly streak since May 2006…a 9.6% drop in supply over a 36-month rate of decline in supply for the metal is the steepest production decline since the World Bureau of Metal Statistics began tracking such information in 1995…

The last time U.S. inflation rates were this high (2.5%) was back in 2012 when Barak Obama was in office while Gold was $1,800 per ounce…

Markets Brace For President Trump’s Speech

President Trump’s first budget will seek a sizable increase in military funding but won’t make changes to the largest future drivers of government spending: Social Security and Medicare…work to prepare the President’s first budget proposal, expected to be released in mid-March, ramped up last week following the February 16 confirmation of Mick Mulvaney as director of the Office of Management and Budget…Trump will preview some of the budget priorities in his speech to Congress tomorrow night and release a budget outline in mid-March after gathering information from federal agencies…

Markets also hope Trump will provide further details on his tax plans and other policy positions in tomorrow night’s speech…White House Press Secretary Sean Spicer said, “The address will particularly focus on public safety including defense, increased border security, taking care of veterans, and then economic opportunity including education, job training, health care reform, jobs and tax and regulatory reform.”

Odd’s ‘n Ends

Australian Gold output hit a 17-year high of 298 tonnes in 2016 as higher bullion prices drove mining companies to dig deeper, a sector survey released yesterday showed…a robust world Gold price and favourable foreign exchange rates for most of the year that boosted prices for local producers were the factors behind the increase, according to the survey by Australian mining consultancy Surbiton Associates…

Societe Generale sees continued robust demand for Palladium.  “The average Palladium loading on a Chinese gasoline car is set to grow again next year, as Chinese standards for light-duty gasoline vehicles are implemented nationally,” said Societe Generale analyst Robin Bhar.  “The demand outlook remains less compelling for Platinum due to its exposure to diesel technology, which remains under scrutiny from the emissions scandal.”

Billionaire investor Warren Buffet told CNBC this morning that U.S. stock prices are “on the cheap side” with interest rates at current levels…the chairman and CEO of Berkshire Hathaway said he put $20 billion into the market since just before the November U.S. elections…“We are not in a bubble territory” in the stock market, he said on “Squawk Box“…if rates were to spike, however, then the market would be more expensive, he added…

If the Canadian federal government were a business with a listing on the TSX, the stock would be in a nose dive…it was reported late last week that the Feds ran a budgetary shortfall of $14 billion over the first 9 months of the fiscal year, compared with a $3.2 billion surplus over the same period a year earlier…that’s what will happen when direct program spending jumps an astonishing 11.3%…the Liberals in Ottawa are spending money like drunken sailors, acting very differently in fact from the Liberals who were in power in the 1990’s…Canadian taxpayers, ultimately, will be ones who get screwed…

The Trudeau government is projecting a $25.1 billion deficit for 2016-17 as part of its plan to run several double-digit shortfalls over the coming years (those shortfalls, Canadians were assured during the election campaign, were not going to exceed $10 billion a year) in an effort to “lift” the economy…

Cobalt Chart Update

Cobalt prices are at multi-year highs, approaching $22 a pound U.S. with key resistance around $24 to $25, the late 2009-early 2010 high…note how the price spiked to more than $50 a pound in 2007 – who’s to say that can’t happen again, especially given today’s dynamics?…

In Today’s Morning Musings…

1. TSX Gold Index update – 6 straight down sessions while Gold climbs into the $1,260’s?…

2. The opportunity in Transition Metals (XTM, TSX-V)…

3. Checking in on Chibougamau…

4. Daniel’s Den – KOPN gets ready to heat up again…

Click here to receive, via email, BMR’s “Who’s Who” List of the Greater Cobalt Camp – the top dozen or so companies active in the district.

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMR Top 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017.  BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Sign up NOW or login as a current subscriber with your username and password.

Check back later this morning for today’s BMR Morning Market Musings.

1. Gold has traded in a narrow range of $1,253 to $1,259 to begin the new week…as of 7:00 am Pacific, bullion is down $1 an ounce at $1,256…Silver, which has reeled off 9 straight winning weeks, has added 2 pennies to $18.34 while the U.S. Dollar Index has lost one-third of a point ahead of tomorrow night’s address to Congress by President Trump…

2. Crude Oil prices are pushing modestly higher this morning, above $54 a barrel…money managers raised their bullish U.S. Crude futures and options positions in the week to February 21 to the highest on record, according to data from the Commodity Futures Trading Commission…

3. The Venture, which had its 8-week winning streak snapped Friday, is up 1 point at 837 as of 7:00 am Pacific…Durango Resources (DGO, TSX-V) is following through on Friday’s huge jump with another gain of 14 cents to 32 cents as interest intensifies in the Windfall-Urban Gold Camp…Durango announced Friday that it received 2 offer on its Trove Property adjoining Osisko Mining (OSK, TSX)…

4. Engold Mines (EGM, TSX-V), which has made a new discovery at its Lac La Hache Property in British Columbia’s Cariboo, is up another 4 cents to 32 cents through the first 30 minutes of trading…drilling, which is ongoing, intersected 27 m of “intensely mineralized” material containing “abundant chalcopyrite, pyrite and magnetite” 1.8 km southeast of the company’s existing Copper-Gold-Silver-magnetite resource defined at the Spout deposit, as announced by EGM last Wednesday…

5. Integra Gold (ICG, TSX-V) released results this morning from an updated PEA for its Lamaque Project in Val d’Or with the PEA including resources from the company’s fall 2016 resource estimate…assuming a Gold price of $1,250 U.S. per ounce, an exchange rate of $1.30 CDN to $1.00 U.S., and a discount rate of 5% , Lamaque’s estimated pre-tax NPV is $602 million CDN while the pre-tax IRR is 55% (after-tax figures are $362.5 million and 43%, respectively)…payback from the start of construction on Lamaque is 3.8 years pre-tax and 4.2 years after-tax…the stock is off a penny at 83 cents as of 7:00 am Pacific…

6. Aldershot Resources (ALZ, TSX) has come to life in the last few sessions with initial results pending from a drill program at the company’s Gowganda Gold Project, optioned from operator Transition Metals (XTM, TSX-V)…ALZ and XTM are following up on the discovery of an Archean-syenite-associated Gold system initially made in 2010/2011 with some high-grade values…ALZ is up a penny at 9 cents in early trading while XTM has added 2 cents to 21 cents…

7. Deveron UAS (DVR, CSE) reported this morning that it completed over 500 commercial drone flights (incident free) in 2016, clearly establishing the company as North America’s leading drone-based data provider to the agricultural industry…Deveron, which started operations in Ontario, is now expanding aggressively into Western Canada and will be able to provide drone data solutions throughout the 2017 grow season to customers in Alberta, Saskatchewan and Manitoba – a potential market of 50 million acres…according to PwC, the commercial drone industry is reported to be $127 billion, with agriculture making up $32.4 billion…DVR is up half a penny at 29.5 cents as of 7:00 am Pacific for a market cap of only $5 million…

The 3 most popular recent BMR articles…

Gold Will Flex Its Muscles, Push Higher

An Investor’s Guide To Who’s Who In The Greater Cobalt Camp

From Cobalt, Ontario: The Venture

TSX Venture Exchange and Gold

The Venture’s consecutive weekly winning streak has been snapped at 8 after the Index crossed last summer’s 848 high by a single point intra-day Wednesday, only to pull back 13 points by the end of Friday’s session for a loss of 8 points for the week.  All this while Gold finally broke out of its $1,215 to $1,235 trading range and finished a strong week at $1,257, a new 3.5-month high.  Strangely, the TSX Gold Index has declined for 5 straight sessions and 8 out of the last 9.

With PDAC just around the corner (March 5 to 8), expect a wave of interesting company news releases.  Engold Mines (EGM, TSX-V) got a head start the other day when the stock was halted followed by news that EGM had intersected 27 m of “intensely mineralized material…skarn-type Copper-magnetite…high-grade, massive mineralization containing abundant chalcopyrite, pyrite and magnetite within a near-horizontal skarn bed within the Nicola volcanic host rocks” at its Lac La Hache Property in British Columbia’s Cariboo (see Thursday’s 7 @ 7:00).   The stock jumped 65% in the 2 trading sessions after the news and doubled in price for the week, closing Friday at 28 cents.

Meanwhile, action continued in one of the country’s hottest new areas – the northern Ontario Cobalt Camp where there has been a massive rejuvenation of activity in a prolific district that features spectacular Cobalt grades and was the world’s 3rd largest producer of Silver during the first 6 decades of the 20th century.  A renewed interest in Cobalt, used in Lithium-ion batteries and a growing list of other applications, has been the catalyst driving an area play at and around more than 100 past producing mines in the Greater Cobalt, Ontario, region.

CobalTech Mining (CSK, TSX-V) jumped another 31% for the week after announcing that it has signed an LOI to acquire a fully permitted Cobalt processing facility situated near its current portfolio of Cobalt properties.  Castle Silver Mines (CSR, TSX-V), the most active company in this district over the last several years with 2 prolific past producers, gained another 2.5 cents for the week to 22.5 cents (modest $7.4 million market cap) while LiCo Energy Metals (LIC, TSX-V) announced final preparations for near-term drilling of its promising Teledyne Cobalt Property on the immediate outskirts of the town of Cobalt. 

With U.S. markets on a record run, President Trump addressing Congress Tuesday, exciting developments in the resource sector and PDAC just around the corner, expect a fascinating month of March!

Click here to receive, via email, BMR’s “Who’s Who” List of the Greater Cobalt Camp – the top dozen or so companies active in the district. 

Did you know that for as little as just over $2 a day, you can be a BMR subscriber and tap into the best analysis and picks for the junior resource sector that you’ll find anywhere?  Last year’s BMR Top 50 List returned a whopping 118% and we are delivering market-trouncing returns again in 2017.  BMR was the first to call the new bull market in the Venture in early 2016, and our coverage of the commodities space gives you valuable daily insights into price movements and critical trends.  BMR is daily information that puts you ahead of the crowd!

We also give first-time subscribers an industry-leading 100% money-back satisfaction guarantee.  If you don’t believe BMR has helped you make money for your first 6-month subscription period, we’ll refund your subscription fee in full – no questions asked!

Sign up NOW or login as a current subscriber with your username and password.

Due to travel, BMR Morning Market Musings returns Monday morning.

1. Gold and Silver both hit new 3.5-month highs this morning at a time when the Dow has posted 10 consecutive record closes for the first time in 3 decades…as of 7:00 am Pacific, Gold is up $5 an ounce at $1,254 while Silver has jumped 12 cents to $18.27…the U.S. Dollar Index is flat at 101…Gold was as high as $1,261 overnight…holdings of the largest Gold-backed ETF, New York’s SPDR Gold Trust, have risen over 5% this month on geopolitical risk…“Even in the event of a (U.S.) rate increase, we doubt the precious metal will lose much ground ahead of the key presidential elections in France in April, coupled with the Washington gridlock that seems to be calcifying,” said respected INTL FCStone analyst Edward Meir…

2. U.S. bond yields are on track to fall for a 3rd consecutive session which is giving Gold some support…in addition, President Trump successfully “talked down” the greenback again yesterday while also calling China “grand champions” of currency manipulation in a new published interview just hours after his new Treasury secretary pledged a more methodical approach to analysing Beijing’s foreign exchange practices (long overdue)…

3. A measure of U.S. consumers’ attitudes remained slightly below the decade peak recorded in January, the University of Michigan reported this morning…the University of Michigan’s Consumer Sentiment Index hit 96.3 in February, slightly above expectations of 96.0…

4. The Venture’s 8-week winning streak is in jeopardy with the Index off 3 points at 837 through the first 30 minutes of trading, but don’t count out a late day rally…last Friday the Venture closed at 844 and briefly touched a nearly 30-month high intra-day Wednesday at 849 before pulling back from that resistance…embracing any weakness has proven to be a highly successful strategy, and that’s not likely to change anytime soon as this bull market forges ahead…

5. Agnico Eagle Mines (AEM, TSX) is taking a 9.95% position in Otis Gold (OOO, TSX-V) through a private placement of 14.42 million Otis shares at 35 cents per share, giving the junior a $5 million financing to continue aggressive exploration of its very promising Kilgore Gold Project in Idaho…Craig Lindsay, Otis CEO, stated, “We are very excited to welcome Agnico as a strategic investor in Otis. Agnico is an experienced global leader in the precious metals sector with a successful track record of identifying and building quality assets. We believe the transaction serves to recognize the strong potential for growth at Kilgore. This investment will allow Otis to aggressively pursue its goal of defining an economic Gold deposit close to infrastructure in an emerging Gold district. We look forward to working with Agnico, and we thank the Agnico team for their confidence in Otis.”  OOO is up 4 cents at 34 cents on the news as of 7:00 am Pacific…

6. Silver Standard Resources (SSO, TSX, SSRI, NASDAQ) was profitable in the 4th quarter and full-year 2016 as the company hit record Gold-equivalent output…net earnings in Q4 were $12.1 million, or 10 cents per share, a turnaround from a loss of $66.7 million, or 83 cents, in the year-ago period…for full-year 2016, the company generated adjusted earnings of $100.3 million, or 97 cents, compared to a year-ago adjusted loss of $8.2 million, or 10 cents…Silver Standard holds a 10% stake in Pretium Resources (PVG, TSX) and recently signed an LOI with Eskay Mining (ESK, TSX-V) to acquire up to a 60% interest in ESK’s SIB Property contiguous to the Eskay Creek mine…SSO also holds an NSR on Garibaldi Resources‘ (GGI, TSX-V) E&L Project, the first Ni-Cu rich massive sulphide system discovered in the Eskay Heart of Gold Camp, 15 km southwest of Eskay Creek…

7. Altius Minerals (ALS, TSX) was halted pre-market and then announced that it has entered into a Letter of Intent pursuant to which Fairfax Financial Holdings Ltd. will make up to a $100 million investment in Altius in exchange for the issuance by Altius of preferred securities and warrants…

The 3 most popular recent BMR articles…

Gold Will Flex Its Muscles, Push Higher

An Investor’s Guide To Who’s Who In The Greater Cobalt Camp

From Cobalt, Ontario: The Venture Week