SI
SI
discoversearch

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/EnergyGold and Silver Juniors, Mid-tiers and Producers


Previous 10 Next 10 
From: LoneClone11/2/2021 12:26:36 PM
2 Recommendations   of 77846
 
Here's some interesting news for those who hold shares in any of the JV partners on the Treaty Creek gold project in BC's Golden Triangle, being explored by Teuton Resources aka TUO, Tudor Gold aka TUD, and American Creek aka AMK. Seabridge Gold aka SEA has announced that they are going to integrate the Snowfield deposit into their KSM project, which is being advanced into final feasibility status.

Why is this important for the Treaty Creek JV partners? It's because Treaty Creek adjoins the KSM property nor far from Snowfield, making the SEA a leading candidate for the inevitable buyout. (The JV partners have no intention of actually developing Treaty Creek; their expertise lies in exploration and drilling up resources, not actual mining.)

Message 33554637

Very useful map of Treaty Creek/KSM/Snowfields area

teuton.com

Meanwhile, Nomad Royalties aka NSR announced a major transaction involving the Hardrock gold mine in Ontario being built by Equinox Gold and Orion Mine Finance. Ground was broken on the construction of this mine a few days ago.

NSR is paying $95M up front for 5.938% of gold production attributed to Orion’s 40% interest until 120,333 ounces have been delivered, and 3.958% thereafter. NSR will also pay 20% of the spot gold price per ounce delivered, plus something I hadn't seen before in a streaming agreement, a $30/oz payment to support ESG programmes involving Hardrock.

It is expected most of the upfront payments will be drawn from their revolver credit deal, which will still have plenty of room left if another deal comes along. Speaking of which, it t is also worth noting that Orion is NSR's major shareholder, so it is likely more similar deals can be negotiated between the two parties.

Message 33550805

FWIW, in an analyst report, BMO ran the numbers and saw them as positive based on their assumptions on the price of gold, plus potential exploration and production upside from other deposits at Hardrock. They maintained NSR at Outperform with a $16 target.

Northern Shield Resources aka NRN released a placeholder of a PR saying, yep, we're still drilling on our Root & Cellar Ag/Au/Cu property in Newfoundland and seeing plenty of cool mineralization, but we haven't received any assay results yer.

Message 33555718

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


From: LoneClone11/2/2021 2:33:13 PM
   of 77846
 
I forgot to mention that I bought even more MAI yesterday. It's on sale because Osisko Royalties is dumping shares, but be warned that they still have over 60M shares left.

I am holding my shares for when MAI has all three mines running in a few years, at which point I expect $2 a share.

LC

Share RecommendKeepReplyMark as Last Read


To: LoneClone who wrote (77675)11/2/2021 2:34:20 PM
From: stuffbug
2 Recommendations   of 77846
 
Likewise, Seabridge has no intention of developing KSM; the project will eventually be spun off to a major or consortium in exchange for shares.

Don't see Seabridge paying anything near fair value for Treaty Creek. And I don't believe the shareholders of the Treaty Creek partners are interested in selling for a bargain basement price, like the Pretium divestiture of Snowfield. Great deal for Seabridge, Pretium needed the cash.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: stuffbug who wrote (77677)11/2/2021 5:29:27 PM
From: LoneClone
   of 77846
 
Thanks for weighing in. I had become a little rusty on Seabridge.

Now to contemplate whether it would be better for TUO shareholders if Treaty Creek were to be included in a takeout of Seabridge, or if it would be better if the transactions were separate.

LC

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: LoneClone who wrote (77678)11/2/2021 11:55:23 PM
From: stuffbug
   of 77846
 
Don't think we will know anytime soon as it all depends on the best mining plan. What is the optimal startup configuration? The more deposits brought onstream together, the higher the capex. But maybe the additional expenditures would result in a faster payback.

Many scenarios to consider. Shareholders should be satisfied as long as managements do their best to advance their respective deposits - drilling, resource modelling, metallurgical studies, project economics.

Share RecommendKeepReplyMark as Last Read


To: LoneClone who wrote (77675)11/3/2021 1:02:08 PM
From: LoneClone
   of 77846
 
Kootennay Silver aka KTN released the assays from 3 more holes drilled into the D-Vein at their Columbo Ag/Pb/Zn property in Chihuahua, Mexico. The geologists appear to be getting a good handle on the minerlaization, which increases in strength and thickness at depth, with the headline intercept of 453 g/t Au over 29.9M including 650 g/t over 17.8M and 932 g/t over 6M Given that drilling so far has covered only a third of the 500M plus extent of the D-Vein, another drill programme is planned in hopes of proving up a minable resource.

Message 33557631

B2Gold aka BTO released its Q3 financial results yesterday, and most of the numbers looked good. Earning were slightly below expectations but free cash flow was higher. The problem area, which we will see across the sector, was an increase in costs due to higher prices paid for fuel, reagents, and the like. The company slightly raised production guidance for the year to just over 1M oz Au, and maintained cost guidance with a warning it would be at or near the top end.

I am still contemplating whether it might be a good time to switch my gold major holding, which I switched from BTO to EDV last year, back to BTO on the basis of potentially higher upside from current prices. At present, my plans are to wait for the EDV Q3 results which are due Nov. 11.

Message 33557560

FWIW, TD maintained BTO at Buy with a $9.50 target, while RBC kept them at Sector Perform with a target of $US5.75 (=$C7.14).

The INK folks published and insider report on i-80 Gold aka IAU. They document how, just like on the last price dip in September, the CEO and directors have bought a bunch more shares on the current pullback, as we await the details on the Orion financing which wraps up the recent set of transactions which has morphed the company into a near term producer from its Nevada gold mines.

I doubt this link will work for everyone, or maybe anyone, but I will post it just in case it does. If you have a TDW account, make sure you log in to that before trying to access this.

marketsandresearch.td.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: LoneClone11/4/2021 1:50:34 PM
   of 77846
 
In some welcome news, Oceanagold aka OGC announced the restart of processing at their Didipio Au/Cu mine and mill in the Philippines, following a hiatus caused by delayed permits. At present the mill, which underwent upgrades during the break, is processing only low grade stockpiled ore, but as mining operations ramp up to previous rates over the coming 8 months, the grades processed will increase, but even the low grade ore will generate a profit.

Message 33559346

Speaking of welcome news, Minera Alamos aka MAI announced the first production of gold dore from their Santana mine and mill in Sinaloa, Mexico. The 18 months from the start of construction to the start of production was longer than expected, primarily due to Covid, but the good news is that the excellent results from test leaching and processing, rapid leaching and low reagent consumption, are continuing into production. They will continue to ramp up mining and milling over the coming months, even as the focus turns to building their next mine, likely at Cerro de Oro in Zacateca, followed by La Fortuna in Durango.

Message 33559365

Here's a post from the IKN blog regarding what has been suppressing the share price of MAI, persistent selling by Osisko Gold Royalties, shares acquired through a financing deal. (Sean Roosen makes the decisions at OR.) It's a little crude, being from the blog, but aptly captures the opportunity OR's stupid selling gave the likes of me, who added a bunch of cheap MAI shares to my stash last week.

It is noticeable that MAI has finally broken out today, whether due to the move in the PoG or today's PR or the cessation of the OR dump, or all three. Whatever the cause, I hope it continues.

iknnews.com

Sandstorm Gold Royalties aka SSL released its Q3 financial report. The big news is that they are finally instituting a dividend policy, projected to start at 2 cents a share in the first quarter of next year. Shareholders have been waiting quite a while for this.

The final results for Q3 were 15514 attributable AuEq oz at a cast cost of $238/oz. leaving a nice fat margin of $1541 per ounce. They are also continuing their share buyback programme, cancelling 2.3M shares during the quarter.They also increased their 2021 guidance to 64k-69k AuEq oz. Notably, they increased their available credit lines to $350M during the quarter.

It will be interesting to whether instituting a dividend will lead to a bump in the share price, which looks like it might have bottomed after a multi-month decline.

Message 33559151

FWIW, TD saw the quarter as slightly positive and maintained SSL at Buy with a target of $12.50. They expect the long-awaited feasibility study for the Hot Maden project in Turkey to be released in Q4.

Calibre Mining aka CXB also released their Q3 results. The headline result is the production of 44579 oz Au at a cash cost of $990 per oz Au. This allowed them to build their cash stash to $73M, and they remain unhedged and debt-free

But that is just the headline. I am re-familiarizing myself with the company for the first time in a few years, and much has changed. They now have three operating mines in Nicaragua, at Pavon, El Limon, and La Libertad, with the latter two also featuring operating mills. As well, they will be starting permitting at the very promising Borosi property in a few months, and are actively exploring at all these concessions in an effort to prove up more resources. They really do have a lot going on in Nicaragua. I will leave you to explore the details yourself if you are intrigued.

And then, they recently announced a buyout of Fiore for its operating gold mine and two projects in Nevada. The main thing has kept me from considering CXB as a prospect for investment is the country risk in Nicaragua, as the former Sandinstas continue to morph into just as oppresive a regime as the one they were created to overthrow. Hence, I need to consider how much the addition of the Nevada properties mitigates that risk. So far it seems enough to keep me holding my current Fiore shares as they are converted into CXB shares once the transaction completes, but I reserve the right to change my opinion pending further study and contemplation.

Message 33559231

FWIW, TD saw the impact of Q3 as slightly positive, and maintained them at a Buy rating with a $2.75 target.

Nomad Royalty aka NSR also released their Q3 results yesterday. It was a good quarter, with Au earned increasing to 2527 oz and Ag increasing to 29929 oz, and revenues increasing to $6.1M and their cash stash to $24.6M.

Q3 was a transformative quarter for NSR thanks to them listing on NYSE the acquisition of a royalty on the producing Caserones copper mine. We shall see whether this leads to a re-rating of the shares.

Message 33559323

Share RecommendKeepReplyMark as Last Read


From: james flannigan11/5/2021 10:38:39 AM
   of 77846
 
HIGHGOLD has just stated it first drill program at its new Ontario property where at a mine old timers mining in the 30s called 3oz/PT waste rock.It was one of the richest mines ever in Canada and rock samples of 20% gold are on display at the Royal Ontario Museum.90gt waste rock??? I can hardly wait to see the drill results.One to watch.Also 40 holes pending from the Alaska project that the first hole into the Difficult Creek reported a stunning 578 gt au and 2200 gt ag hole over 6.4m.I think HIGH could get very interesting.Also waiting for more VG holes from AMX.The labs are so jammed up they are quoting up to 16 weeks for results.Too bad for that.

Share RecommendKeepReplyMark as Last Read


To: LoneClone who wrote (77680)11/5/2021 3:11:34 PM
From: james flannigan
   of 77846
 

Share RecommendKeepReplyMark as Last Read


To: stuffbug who wrote (77651)11/5/2021 3:16:36 PM
From: Logain Ablar
   of 77846
 
Endeavour dividend showed up in my C. Schwab account overnight, a five week delay.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)
Previous 10 Next 10