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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone12/15/2021 1:25:03 PM
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Teuton Resources aka TUO along with its JV prtners TUD and AMK released another set of results from drilling at their Treaty Creek gold/silver/copper project in BC's Golden Triangle, and like all their drilling this year, it was a complete failure in that it failed to meet the stated goal of finding the limits of minerlaization. No matter how much they drill, the Goldstorm deposit continues to remain open in most every direction, with several holes ending in very deep minerlaization.

Mind you, this was infill drilling, so with a deposit of this magnitude it is not a surprise they continue to find mineralization, with the best news from this set of results is that much of it starts at or near surface. Although exploration is shut down till spring, there are still results to report from this drill programme and other exploration to tide us over until it resumes.

Message 33620843

Nomad Rpyalty aka NSR released an update today. They have closed their deal with Orion for a gols stream on the Greenstone gold mine in Ontario, currently being constructed by Orion and its partner Equinox Gold. This deal should pay off handsomely in the long run, but not until after the first gold pour, currently scheduled for 2024.

NSR also released updates on a number of their other streams and royalties. The most important to current income is the Blyvoor gold mine in South Africa, and here we get both good and bad news. The good news is that the mine has become cash flow positive for its operators, meaning the restart has been a success and production will continue to deliver ounces to NSR, but unfortunately there have been delays so guidance for Q4 deliveries to NSR have been reduced to 4k-5k oz Ag. (The PR uses the word 'updated' rather than 'reduced'.)

This is mining, so there also announced delays before some of their other streams and royalties bearing fruit, including Woodlawn, where they now expect no deliveries in 2022. But there is also some good news; things seem to be going well at EQX's Mercedes Au/Ag mine in Mexico and at ABX and partners' South Arturo gold mine in Nevada.

Several other projects on which NSR has streams or royalties are starting construction next year, so they should start providing metal in 2024 or 2025.

Message 33620646

Northern Shield Resources aka NRN released a brief update on its Root & Cellar Au/Ag/Cu prospect on the Burin Peninsula in Newfoundland. The main news is that they have completed a 14-hole drill programme but the samples are sitting in the lab with no timeline given for when assays might be released. They do think they are seeing hydrothermal breccia in the drill core, and they have found some more high grade grab samples, but it is the drill assays that will tell the tale.

Message 33620692

FWIW, Scotia issued an analyst update on i-80 Gold aka IAU in the wake of yesterday's PR regarding the details of the financing for their various PM projects in Nevada. They see the PR as positive after seeing the details and kept IAU at Sector Outperform with a target of $4.75.
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