After a detour into the movie business (Giustra founded Lions Gate Entertainment), he's back to
funding junior mining companies.
Not exact matches
Less than three weeks after announcing it had secured $ US6.47 billion ($ 6.89 billion) in equity
funding to construct a port and rail network at Oakajee,
junior explorer Padbury
Mining says the deal is now dead.
The World Precious Minerals
Fund complements our Gold and Precious Metals
Fund by giving investors increased exposure to
junior and intermediate
mining companies for added growth potential.
The World Precious Minerals
Fund (UNWPX) complements our Gold and Precious Metals
Fund by giving investors increased exposure to
junior and intermediate
mining companies for added growth potential.
Holdings in the
funds mentioned as a percentage of net assets as of 09/04/2014: Alamos Gold, Inc. (0.04 % World Precious Minerals
Fund); Anadarko Petroleum Corp. (2.11 % Global Resources
Fund); Argonaut Gold (0.00 %); AuRico Gold, Inc. (1.85 % in Gold and Precious Metals
Fund, 0.41 % World Precious Minerals
Fund); B2Gold Corp. (0.00 %); Canadian Natural Resources, Ltd. (1.59 % Global Resources
Fund); Cimarex Energy Co. (1.80 % Global Resources
Fund); Detour Gold Corp. (0.00 %); Deutsche Bank (0.00 %); Devon Energy Corp. (1.82 % Global Resources
Fund); JUMBO S.A. (0.00 %); Klondex Mines, Ltd. (7.76 % Gold and Precious Metals
Fund, 7.51 % World Precious Minerals
Fund, 1.22 % Global Resources
Fund); Market Vectors
Junior Gold Miners ETF (0.16 % Gold and Precious Metals
Fund, 0.17 % World Precious Minerals
Fund); Peyto Exploration & Development Corp. (1.31 % Global Resources
Fund); Primero
Mining Corp. (0.05 % Gold and Precious Metals
Fund, 0.02 % World Precious Minerals
Fund); Suncor Energy, Inc. (2.13 % Global Resources
Fund); Tsakos Energy Navigation, Ltd. (0.00 %); Türk Telekom (0.00 %); Turkcell (1.79 % Emerging Europe
Fund).
«But this windfall was unevenly spread, as many
juniors continued to struggle to raise financing and more than one - quarter of the total
funds went to just four companies»: Cobalt 27 Capital TSXV: KBLT, Leagold
Mining (since graduated to the big board as TSX: LMC), Trek
Mining TSXV: TREK (expected to merge with NewCastle Gold TSX: NCA and Anfield Gold TSXV: ANF to form an anticipated new company called Equinox Gold TSXV: EQX) and Bluestone Resources TSXV: BSR.
Holdings in the Gold and Precious Metals
Fund (USERX), World Precious Minerals
Fund (UNWPX) and Global Resources
Fund (PSPFX) as a percentage of net assets as of 6/30/2014: Atico
Mining Corp. (USERX 1.03 %, UNWPX 0.52 %)-RRB-; Avala Resources Ltd. 0.00 %; Barrick Gold Corp. (PSPFX 0.02 %); Coeur
Mining Inc. (USERX 0.24 %, UNWPX 0.24 %); Comstock
Mining Inc. (USERX 3.57 %, UNWPX 2.12 %); Detour Gold Corp. (USERX 4.94 %, UNWPX 1.85 %); Dunav Resources Corp. 0.00 %; Dundee Precious Metals Inc. (PSPFX 0.49 %, USEX 5.15 %, UNWPX 3.16 %); Fortuna Silver Mines Inc. (USERX 1.14 %, UNWPX 0.36 %); Franco - Nevada Corp. (PSPFX 2.21 %, USERX 2.45 %, UNWPX 1.16 %); Fresnillo Plc 0.00 %; Goldcorp Inc. (USERX 0.07 %, UNWPX 0.07 %); Gran Colombia Gold Corp. (PSPFX 3.20 %, USERX 5.54 %, UNWPX 6.54 %); Kinross Gold Corp. (USERX 0.14 %, UNWPX 0.05 %); Klondex Mines Ltd. (PSPFX 1.34 %, USERX 6.58 %, UNWPX 6.60 %); Market Vectors
Junior Gold Miners ETF (USERX 0.55 %, UNWPX 0.55 %); Newmont
Mining Corp. (PSPFX 0.01 %, USERX 0.12 %, UNWPX 0.11 %); Northern Star Resources Ltd. (USERX 2.50 %, UNWPX 0.24 %); Orex Minerals Inc. (UNWPX 1.27 %); Osisko
Mining Corp. 0.00 %; Pretium Resources Inc. (UNWPX 3.07 %); Randgold Resources Ltd. (USERX 2.09 %, UNWPX 1.34 %); Royal Gold Inc. (PSPFX 2.18 %, USERX 3.14 %, UNWPX 0.91 %); Sabina Gold & Silver Corp. 0.00 %; SEMAFO Inc. (USERX 3.27 %, UNWPX 1.13 %); Virginia Mines Inc. (UNWPX 5.48 %)
My South - American portfolio uses this advantage to reduce risk by better diversification, and to try to exploit mispricing that, presumably, occurs in some stocks that are not traded in massive volume, such as fixed - income closed - end
funds and
junior -
mining shares.
I would avoid Canadian small cap
funds for now, because of the high number of
junior oil, gas and
mining firms in this sector.
As of May 23rd, $ 2.6 billion or 67 % of Van Eck's
Junior Gold
Mining Exchange Traded
Fund ETF (GDXJ) 4 total assets of $ 3.9 billion were directly tied to JNUG — Direxion's 3X levered ETF5 to the GDXJ.
It's rare to see
junior resource stock management voluntarily sell a project — I suspect the real objective here is a JV, or some other type of farm - out, to raise cash and / or
fund the proposed
mine.
It's kind of a closed - end
fund with investments in small cap and microcap resource companies (at the moment primarily
junior gold
mining cos) and mineral royalties.
One such supporter of that sector is the JSS Empowerment
Mining Fund, a newly launched USD 75 million fund, a partnership between boutique corporate finance firm Jaltech and Johannesburg Stock Exchange - listed Stefanutti Stocks, offering funding for junior opencast mining comp
Mining Fund, a newly launched USD 75 million fund, a partnership between boutique corporate finance firm Jaltech and Johannesburg Stock Exchange - listed Stefanutti Stocks, offering funding for junior opencast mining compan
Fund, a newly launched USD 75 million
fund, a partnership between boutique corporate finance firm Jaltech and Johannesburg Stock Exchange - listed Stefanutti Stocks, offering funding for junior opencast mining compan
fund, a partnership between boutique corporate finance firm Jaltech and Johannesburg Stock Exchange - listed Stefanutti Stocks, offering
funding for
junior opencast
mining comp
mining companies.
«We believe that
junior mines that are viable now will be very profitable when commodity price levels improve in the future,» explained Gaurav Nair, executive director of the
fund, in a statement.