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

1. Gold has fallen as low as $1,161 today, shrugging off the result of yesterday’s Italian referendum that has brought about the resignation of Premier Matteo Renzi and created some more instability in the euro zone…base metals continue their strength with Copper up 8 cents a pound to $2.69 while Nickel has shot up 12 cents to $5.26 as of 7:00 am Pacific…Zinc is also 3 cents higher at $1.23…

2. Brent Crude prices have topped $55 a barrel for the first time in 16 months as optimism spreads about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week…WTI is up 54 cents at $52.22 as of 7:00 am Pacific while the double bull HOU Crude Oil ETF has gained another 24 cents to $8.82…

3. Brazil Resources (BRI, TSX-V) is changing its name to GoldMining Inc., effective tomorrow when it will start trading under the symbol “GOLD” on the Venture…Amir Adnani, Chairman of the Board, stated: “We are pleased to change the name of the company to GoldMining Inc. to better reflect our diversified project portfolio and strategy to build a leading Gold acquisition and development company throughout the Americas. With more than $21 million cash on hand – and now, a name that better reflects our company’s objectives – we plan to continue our exceptional growth with additional low-cost acquisitions of high quality Gold projects, to build value throughout this period of a weak Gold price environment.”

4. Excelsior Mining (MIN, TSX-V) released robust results this morning from a comprehensive feasibility study on the North Star deposit at its Gunnison Copper Project in southeastern Arizona…the project is designed as a Copper in-situ recovery (“ISR”) mine using solvent extraction-electrowinning (“SX-EW”)…the project has a Net Present Value of $1.17 billion (U.S.) pre-tax and $807 million post-tax at a 7.5% discount rate using a life of mine Copper price of $2.75…the pre-tax IRR is 48% while post-tax IRR is 40%…initial construction capital costs are $46.9 million (U.S.)…MIN is up a penny at 54 cents as of 7:00 am Pacific…

5. Callinex Mines (CNX, TSX-V) has triggered the “accelerator” clause for warrants that were acquired through private placements completed in May and July of this year…if all the warrants are exercised, Callinex will receive additional proceeds of $2.7 million and a total of 6.1 million new shares of Callinex will be issued…the stock is up a nickel at 66 cents as of 7:00 am Pacific…

6. Canadian Zeolite (CNZ, TSX-V) has hit a new high of $1.35 in early trading following a 44% gain in the stock price last week on news that the Canadian Food Inspection Agency (CFIA) has approved the company’s Bromley Creek natural Zeolite as an animal feed additive – one of multiple applications for the product which is being sourced from a turnkey operation in southern British Columbia…

7. Canopy Growth (CGC, TSX) is raising another $60 million in a bought deal financing at $10.60 per share through a syndicate of underwriters led by GMP Securities and Dundee Capital Partners…CGC is off 60 cents at $10.75 on the news as of 7:00 am Pacific…