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

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To: LoneClone who wrote (77865)8/4/2022 3:00:42 PM
From: LoneClone1 Recommendation

Recommended By
Anchan

   of 77894
 
BTO, CEE, WM, KTN, EDV

B2Gold aka BTO released its Q2 results, The numbers were in line with expectation, producing a little under 224k oz Au at a cash cost of $781/oz., allowing them to maintain their 2022 guidance. They ended the quarter with their cash stash reduced to $567M and debt of $666M.

Message 33949075

FWIW, in response TD issued a new analyst report which cited the impact of the release as Neutral and kept BTO Buy with a target of $9.

Centamin aka CEE released their mid-year financial report. We already knew that production and costs were starting to improve thanks to all the changes made at the Sukari gold mine in Egypt by new management, but now we get to see what financial impact they have had on the company's balalnce sheet. Their cash stash was reduced to $175 at the end of June, but with major expenditures out of the way already and free cash flow generation continuing to improve, the cash stash will get back to growing, particularly once the new solar plant at Sukari begins operating in the next month.

CEE also declared an interim dividend of 2.5 cents a share, with the expectation being at least as large a dividend at year end. 2002 guidance of 430,000-460,000 oz Au with cash costs of US$900-1,000/oz produced was reiterated.

Message 33949115

FWIW, BMO released a new analyst report on CEE stating the impact as Neutral. Citing production and costs as being in line, and expecting that increase in free cash flow generatione, BMO kept CEE at Outperform with a target of $2.03.

Recently Wallbridge Mining aka WM launched a programme to add more ounce to the resource at its Fenelon gold project very cheaply by resampling old core that was thought to be barren or minimally minerlaized when it was extracted. To date they have received resample results from almost 20km of core -- their goal for the year is 30km -- derived from areas adjacent to the existing resource, and it is really starting to pay off. Intervals like 1.36 g/t Au over 34.00M and 2.13 g/t Au over 27.50M indicate this resampled core will make a substantial contribution to the next Resource Report for Fenelon.

Wallbridge also announced an important step in the development of Fenelon by signing a Pre-Development Agreement with the local Cree nations, who are very powerful in that part of Quebec.

Message 33949138

Yesterday I opined that in the wake of Kootenay Silver aka KTN's announcement of the sale of their remaining interest in the Cervantes JV that had generated most of their news flow this year, we would soon be hearing an update on their 100%-owned Columba silver prospect in Chihuahua, Mexico, and it didn't take long. Today we got an update on the 15km drill programme underway at Columba.

The drilling is designed to test extensions of a number of veins on this past-producing property, but unfortunately KTN has been forced to temporarily halt drilling partway through because of slow turnaround at the labs from the core they have already extracted, results which they need to guide the rest of the planned drilling. Once those results are received from the lab and released, the drill will get back to work..

Message 33949158

Kootenay Silver aka KTN also announced they have staked new ground on the Nechako plateau in BC prospective for Blackwater-style epithermal mineralization. KTN already has a number of properties in the area, to which will be added the 12193-ha Mystery property, prospective for gold, silver, and zinc. Exploration is underway.

Message 33949202

FWIW, In response to yesterday's Q2 financials from Endeavour Mining aka EDV, BMO released a new analyst report which saw the impact as Positive, citing how they beat consensus in terms of both production and cost. Further stating that they think EDV can manage cost pressures better than its peers, they kept EDV at Outperform with a target of $40.
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