Frik Els, Author at MINING.COM

Investors, directors flee Baja after Boleo costs rocket. Stock tanks 37%

Baja Mining dropped 37% on Monday on more than 15 times usual trading volumes, after announcing its Boleo copper-cobalt-zinc project in Mexico will now cost 21.5% more and that half its board has resigned.

Frik Els | April 23, 2012 | 10:22 pm

Hiring heavy hitter, takeover speculation fail to boost Guyana Goldfields

Nothing the company has done so far to assuage investors about its Aurora gold project has been successful and after dropping 5.5% on Monday it is now down over 60% since the start of the year.

Frik Els | April 23, 2012 | 10:05 pm

$30 billion Olympic Dam now even bigger

World number one miner BHP Billiton on Monday bought five additional exploration plots near its giant Olympic Dam mine and expansion project, destined to become the world's largest open pit.

Frik Els | April 23, 2012 | 9:57 pm

Human Rights Watch: Think twice about investing in Zambia copper mine IPO

China's state-owned CNMC's Hong Kong IPO could raise as much as $500 million.

Frik Els | April 23, 2012 | 7:41 pm

Bill Gross: 'I would still buy gold here'

To all gold bears: This guy has placed a $133 billion bet QE3 is going to happen

While the ranks of gold doomsayers have been growing over fading hopes for QE3, investors outside of the bullion market seem to be pricing in another round of easing.

Frik Els | April 20, 2012 | 11:05 pm

Cameco investors half a billion richer by lunchtime

After steady gains throughout the morning Cameco Corp. was trading up 6% by lunchtime on Friday, after reports yesterday that its Kazakh join venture is planning to up output by a third. Gains for the year now top 20%.

Frik Els | April 20, 2012 | 6:14 pm

Higher gold prices expected for next week —survey

Gold miners vs ETFs. Round 2

Should gold mining companies pay dividends to attract investors who are pouring money into gold-backed exchange traded funds?

Frik Els | April 20, 2012 | 1:35 am

Royal Nickel shares surge after Dumont permit

Investors ride SilverCrest wave

SilverCrest Mines jumped as much as 9% on Thursday on higher than usual trading volumes, after announcing silver production doubled and gold output tripled at its Santa Elena mine in Mexico.

Frik Els | April 19, 2012 | 7:50 pm

Silver Survey: Investor interest in the devil’s metal beginning to wane

The metal's characteristic price volatility – why traders often refer to it as the 'devil's metal' – is a deterrence for investors and silver had an especially torrid 2011.

Frik Els | April 19, 2012 | 5:29 pm