We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LoneClone12/8/2021 3:07:07 PM
1 Recommendation

Recommended By

   of 77845
Centamin aka CEE used to have management that was focused on the short term, and as you might expect, this led to short-sighted decisions which eventually put their Sukari gold mine in Egypt into difficulties. Since new management took over we have seen a number of steps to improve production while cutting costs, and today we got their big picture going forward with the release of a new Resource Report.

A substantial 1.1M ounces was added to reserves, and as a result of this and other initiatives they are laying out a plan to increase Sukari production to 500k oz Au per year while reducing costs even further. They have also increased mine life by several years, and think this can be extended further. We'll see how the market reacts once the details are digested. I think it will be a while before the mistakes made by previous management no longer hang over the share price.

Message 33610058

i-80 Gold aka IAE announced the remainder of the results from a drilling programme at its Granite Creek gold mine in Nevada. Though this drilling was primarily for geotechnical and metallurgical purposes preparatory to bringing the mine back into production, they also posted some impressive assays, especially 36.74 g/t Au over 9.1 M. These assays were impressive enough that followup drilling is anticipated. In any case they now consider the open pit ready for production with on site processing. Test mining is already underway underground, as is drilling aimed at bringing the underground mine back into full production once permits are received in the middle of next year.

Message 33610100

Nomad Rpyalties aka NSR announced that they have acquired a $75M gold stream on Ivanhoe Mines 64%-owned Platreef PGM mine under construction in South Africa. The bad news is that production is not scheduled to start until 2024, but the good news is that based on IVN's track record, when they say 2024 they mean 2024. This deal is part of a larger stream financing for Platreef that includes Orion Mine Finance. And given the green tinge to Platreef, i.e. all underground machinery will be electric and charged by above-ground solar installations, this deal will enghnce NSR's ESG credentials.You'll need to read the PR to get the details of this complicated deal, but rest assured it should be a good money-spinner over the long life of the proposed mine, with plenty of potentially lucrative exploration upside.

Message 33610175

And here are some more details on why Ecuador's recent Constitutional Court ruling is so bad for mining in that country.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext