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   Gold/Mining/EnergyGold and Silver Juniors, Mid-tiers and Producers


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From: LoneClone9/30/2021 3:35:08 PM
   of 77928
 
Silver Bull Resources aka SVB announced the appointment of an experienced mining guy as their new President. We can only hope this is the start of a clean sweep which will bring in new more shareholder-friendly management.

ca.finance.yahoo.com

Hemlo Explorers aka HMLO released drill results from its North Limb Au prospect located, you guessed it, not far from the famous Hemlo mine now operated by ABX. This PR covered two drill holes aimed at the Lumby West showing, and aside from one short interval all the intercepts are reported in parts per billion. But it is still early in the exploration process; it will likely take a year or two more before we find out if they are onto anything potentially valuable.

Message 33510311

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From: LoneClone10/1/2021 1:39:30 PM
   of 77928
 
Endeavour Mining aka EDV made it to the big time last year by absorbing two mid-tier fellow African gold miners, and followed it up this year by gaining a senior listing on the LSE. Management's ambitions remain high, as evidenced by two PRs they issued today.

The first concerns the issue of $500M of Senior Notes due in 2026, which will be used primarily to repay some high interest debt that they incurred during the recent takeovers.

ca.finance.yahoo.com

EDV's reputation now rests on them being a reliable low cost producer with a solid pipeline of growth opportunities, and today's second PR lays out a target for the discovery of 15-20M more ounces of Indicated Resources over the next five years at a cost of less than $25/oz. This will allow them to extend the mine life of various projects plus establish new greenfield operations. Most of the growth in resources is expected to occur at existing operations, and the bulk of the PR consists of a mine by mine layout of their plans, and based on their track record, it seems very likely they will be able to accomplish their goals based on the 70 targets they have identified.

A presentation and a video are linked in the PR.

Message 33511865

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From: LoneClone10/1/2021 2:48:53 PM
   of 77928
 
The cleanup of Treaty Creek preparatory for sale continues.

In a PR today, Tudor Gold, one of the JV partners and the underlying owner of the property, has bought out some NSRs on key parts of the property in exchange for TUD shares. Ironically, one of those NSRs was help by AMK, one of the Treaty Creek JV partners.

newsfilecorp.com

LC

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To: LoneClone who wrote (77632)10/1/2021 4:37:32 PM
From: Clark Kent
1 Recommendation   of 77928
 
Teuton AKA TUO is my largest holding.

I suffered through the reverse split. And cringed during the AMK law suit.

It's hard to believe it's finally happening. I'm happy for Dino and now Barry, and Ken etc, and for myself and all those that bought into it because I don't know when to shut up.

I enjoy your updates and I hope we both do well.

Silver Grail AKA SVG is another Dino play I probably own way too many shares of.

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To: Clark Kent who wrote (77633)10/1/2021 5:32:28 PM
From: kidl
   of 77928
 
TUO ... Did you take some trading profits over the last 12 months?

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To: kidl who wrote (77634)10/1/2021 6:15:17 PM
From: Clark Kent
2 Recommendations   of 77928
 
Minimal selling on TUO as I think it's the better long term play ..... I booked $96,000 gains on Tudor.

Of course in hindsight selling TUO over $4 would have been smart. But I'll live with it.

As an aside, I'm sitting on 100% paper gains with SVG. I did sell some at $0.31, bought most back at $0.18 currently at $0.19

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To: Clark Kent who wrote (77635)10/2/2021 1:40:23 PM
From: onepath
1 Recommendation   of 77928
 
I am holding a full TUO position but do trade a portion at times. This has been my longest term spec hold by far and pre dates me joining SI. Been some wicked up and downs along the way.
Right now i see AMK as under valued in comparison with TUD and TUO so have been buying AMK at .175 or lower for short term trading so as not to tamper too much with my longer term TUO holdings.

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From: LoneClone10/4/2021 1:41:35 PM
1 Recommendation   of 77928
 
Mnera Alamos aka MAI provided an update from their newly operating Santana heap leach gold mine in Mexico. Production is currently from the Nicho Norte deposit, and they reported positive results both from deep drilling under the Nicho Norte pit and from the main Nicho deposit, scheduled for future production. Mineralization remains open both at depth and to the south. The company also gave us details about the various optimization programmes underway at Santana.

Message 33515292

Norsemont Mining aka NOM has been on probation for me for a while due to the lack of progress on bringing Choquelimpie back into production. A write-up in the latest IKN newsletter reminded me of this, so I took advantage of today's jump to get out with a 50% loss, alas in a tax-sheltered account.

Speculators can't win them all...

Savile has become more gloomy about gold's short term prospects because the PoG closed the month under its 21-month moving average (blue line). He is still be very positive about a major rally in the first half of 2022, but warns about the possibility of much lower prices before then.

I just hope it doesn't repeat the crash we saw in 2013.



He also warns about the possibility of HUI hitting new intermediate term lows before year end.


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From: LoneClone10/5/2021 3:41:27 PM
   of 77928
 
Sandstorm Gold Royalties aka SSL released one of their usual very short quarterly sales updates. We already knew sales were going to be down from Q2, but I didn't expect them to drop all the way to 15500 oz Au. We'll have to wait to find out why and to see if they will be maintaining their guidance for 2021.

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Northern Shield Resources aka NRN released a short PR saying the drill campaign in their Root & Cellar Au/Ag/Cu prospect in Newfoundland has begun., with no new information included. Can these guys finally find something after a string of failures? Notice how we never hear anything about Shot Rock any more...

Message 33516979

Impact Silver aka IPT released results from an underground development drilling program in the Lipton area of their Guadalupe Mine in the Royal Mines of Zacualpan District, Mexico. IPT currently gets 50% of its ore from the Guadelupe mine, where mining is documented all the way to 1529. The headline intercept is 691 g/t Au over 1.29m, indicating IPT's geologists are getting a better handle on the extensive veining in the area. It's nice to see this company finally spending some money on a new drill and infrastructure development, and that it is yielding results.

Message 33516993

Golden Goliath Resources aka GNG released yet another PR regarding the potential for a discovery at their Kwai gold prospect in Ontario. The most recent drill programme was designed to follow up anomalous gold values, albeit measured only in ppb, but this time we don't even get assays results. The drill programme has been halted to allow the labs to catch up on the assays, so maybe they will finally be able to report more than potential. Not holding my breath...

Message 33517012

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To: LoneClone who wrote (77638)10/5/2021 8:04:38 PM
From: stuffbug
   of 77928
 
Sandstorm Gold was a minor miss (1.5%) - revenue of $27.6 million vs the consensus estimate at $28.02 million.

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