James Kwantes's blog

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Where's Wares investing?

The trajectory has been mostly down for mining stocks since gold topped out at US$1,900 an ounce in 2011. The bear market has been even grimmer for exploration companies, which are now competing with marijuana and blockchain plays for risk capital. The long downward slide is reflected in the underperformance of the TSX Venture Exchange, which has plummeted from 2,400 in February 2011 to about 600 today.

Diamond pioneer Gren Thomas takes a shine to gold, tin plays

For David Grenville (Gren) Thomas, the big score was the discovery of Diavik by his Aber Resources more than 20 years ago.

Thomas and his partners headed north and got to work in the early days of the staking rush following Chuck Fipke’s 1991 discovery of diamonds in the Northwest Territories. It took a few years, but in 1994 and 1995, Aber discovered the kimberlite pipes that became Diavik, Canada’s second diamond mine. Diavik, still producing, is a joint venture between 60% owner Rio Tinto (RIO*US) and Aber successor Dominion Diamond (DDC) (40%).

Gitzel fuels up with Cameco, Mosaic buys

It’s no exaggeration to say Saskatchewan-based Power Prospector Tim Gitzel is powered by fuel and food. His corporate involvement spans both nuclear giant Cameco (CCO) and NYSE-listed fertilizer play The Mosaic Company (MOS*US), and lately he’s been adding to his stake in both companies.

Rob McEwen bets on Dominican gold and data (again)

While most in the mining industry lamented a bear market as tech boomed, Goldcorp (G) founder Rob McEwen adopted open-source innovation.

Robins joins modern-day Yukon gold rush

John Robins' connection to the Yukon runs deep -- his great-great grandfather trekked north as part of the Klondike gold rush of 1896 to 1899, joining an estimated 100,000 prospectors seeking their fortunes.

Warke builds stake in Arizona silver-base metals play

Warke's knack for extracting maximum value from his plays - he had described Hudbay's first offer as "grossly inadequate" - was also evident in the sale of Ventana Gold in 2011, the year gold hit almost US$1,900 an ounce. Warke, Ventana's cofounder and executive chairman, sold the company and its La Bodega gold deposit in Colombia for $1.53 billion to Brazilian Eike Batista, after rebuffing the deal maker's initial offer. (Batista's resource empire subsequently went bust, reducing his multibillion-dollar empire to bankruptcy.)

Ex-politician rings the Bell for Dominion Diamond

Brendan Bell, the acting CEO of Dominion Diamond (DDC), took an unconventional route to the C-suite. Neither a geologist nor an investment banker, Bell was a cabinet minister in the Northwest Territories before joining the northern diamond producer in July 2013. As the company's stock has plummeted recently, Bell has been buying. He purchased 5,000 shares at $18.14 on June 25, following that up with another 5,000-share buy four days later at $17.65.

McLeod stocks up on Sabina shares

When mining engineer Bruce McLeod took the helm at Nunavut gold play Sabina Gold and Silver (SBB) in mid-February, he promptly bought 36,500 shares in the public market at 39 cents.

Like many junior gold stocks, Sabina has been pummelled on the Toronto Stock Exchange, falling from highs above $7 in 2011. Unlike most, Sabina has a resource estimate exceeding 5 million ounces of high-grade gold in the measured and indicated categories.

Gold royalty collector Roosen adds iron (ore) man to his resume

Sean Roosen wasted no time establishing a gold royalty powerhouse, Osisko Gold Royalties (OR), last year after selling his Osisko Mining and its Malartic gold mine in Quebec to a Yamana Gold (YRI)/Agnico Eagle (AEM) consortium for $3.9 billion.

The Osisko Gold Royalties chairman and CEO added another prize royalty with the friendly takeover of Quebec-focused Virginia Mines. That deal gave Osisko a 2-3.5% NSR on Goldcorp's Eleonore mine in Quebec, which recently went into commercial production.

From Goldman to Gold Man, it pays to be Thornton

As a former director, president and co-CEO of Goldman Sachs (GS*US), John Thornton had presumably developed a thick skin as well as a large wallet.

The uber-profitable U.S. investment bank - famously described as a "great vampire squid wrapped around the face of humanity" by Rolling Stone writer Matt Taibbi - has been a favourite target of critics on Wall Street and beyond even before the financial crisis shook the foundations of U.S. finance. (Thornton retired from Goldman in 2003.)

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