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

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From: LoneClone1/19/2022 3:06:04 PM
   of 77826
Goldquest aka GQC continues to trade as though something is about to happen with getting permits for their Romero project in the Dominican Republic, but so far there is only smoke, no fire.

The day after Alexco aka AXU announced a Resource Report on the Bermingham deposit at their Keno Hill Ag/Au/Pb/Zn property in the Yukon, they announced a bought deal worth $8M. The offering price is, as one expects for flow-through style offerings, above the current share price. It's a good sign that AXU is still up after the announcement, albeit helped by a good day for PM prices. I expect to also see the 15% over-allotment taken up. According to the PR, part of the proceeds will be used for exploration and some for the development of the mines and mill.

Centamin aka CEE, whose primary asset is the Sukari gold mine in Egypt, has become a turnaround play since previous management mishandled Sukari's operations on multiple fronts. New management has taken steps to get things back on track, and we started to see the fruits of their efforts with the release of their quarterly and year end reports. A new mine plan has been instituted and as a result, compared to Q4 2020, tonnage milled was up 10% and grade up 29%, meaning gold production was up 58% to 107549 oz, with cash costs dropping 10%. Their cash stash is $257M with no debt.

CEE expects to increase production to 430k-460k oz Au in 2022. They also announced development and exploration programmes on their other assets in Egypt and in Cote d'Ivoire and Burkina Faso, and that they are in talks to sell the Batie West project in BF.

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B2Gold aka BTO also announced their quarterlies, and had a strong quarter, allowing them to meet 2021 guidance. with production of 1047414 oz Au. They also released 2022 guidance, with production expected to be around the same in 2022, though as with all miners these days there will be cost pressures.

The biggest problem with BTO these days remains country risk, Mali , home to the Fekola mine which provides over half of BTO's production, remains on Shaky ground, and they also have exposure to Nicaragua and Uzbekistan. Fortunately talk of acquiring assets in Zimbabwe seems to have receded.

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