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


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To: Logain Ablar who wrote (77684)11/7/2021 4:30:43 PM
From: Logain Ablar
   of 77867
 
Follow up on Endeavour dividend - if you have a Schwab account.

In e mails with Computershare in London I'm not listed as an individual shareholder but Schwab is as custodian. Endeavour ends up issuing a check to Schwab.

I still have to hear back from Schwab on this. It does appear this will be a 5 week process. Fortunately there was no withholding.

Under U.S. / U.K. Tax Treaty there is not tax on dividend so there should be no withholding.

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From: LoneClone11/8/2021 6:01:49 PM
2 Recommendations   of 77867
 
Karora Resources aka KRR released its Q3 financials today. We already knew production was strong at over 30k oz Au, but now we know that tonnes milled and grade were up and costs were similar compared to last quarter. The company reaffirmed 2021 guidance of 105-115k oz Au.

KRR's strong financial position continues to improve, Cash flow and earnings were up, and even though they spent a lot on development, thanks to $10M+ from the exercise of warrants their cash stash is up to $86.7M. with no debt. As newer high grade areas are brought into production and they start producing nickel again, I expect the cash on hand to grow steadily, perhaps the main reason the shares are trading at a 10-year high. Now we just need some coverage from the Canadian brokerages.

Message 33565530

I won't give details -- you'll have to be a subscriber to get them -- but the IKN newsletter spent plenty of time on Minera Alamos aka MAI, detailing how continued selling by Osiisko Royalties has the shares at fire sale prices even as production at their Sanatana gold kine in Mexico ramps up to commercial production by January. I am tempted to add more to my already outsized position; anything under 60 cents is a bargain at this point.

Gold is still coiling, but Saville sees the fundamentals as finally starting to improve, though he still warns of the possibility of a dip below the August low before a proper advance gets underway again.



Likewise, the weekly chart fir GDX is getting more bullish


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From: LoneClone11/9/2021 1:31:21 PM
1 Recommendation   of 77867
 
Hemlo Explorers aka HMLO sold off this morning on the basis of their latest drill results from their North Limb gold project in Ontario. This is no surprise, given the appearance of the ominous word anomalous in the headline. 'Anomalous' is usually code for very low assay results, and this is borne out when you read the actual assay results . 'Ppm' is never a good sign when searching for gold, but these drill results, even worse, are reported in ppb., or parts per billion. Yikes!

They say they are 'satisfied' with the results, and outline how they found other trace elements similar to the Hemlo mine not far away, but that mine is famous for being high grade, not parts per billion. The PR says nothing about future plans, but given how long HMLO has been poking around on the property, you have wonder how much more money they are going to be able to raise for exploration.

Message 33566554

Last week I profiled ITH's ridiculous PFBS for their low grade Livengood gold project in Alaska, with initial capex over $2B delivering an IRR well under 20% at current gold prices. Today, i-80 Gold aka IAU released a PEA for their Granite Creek gold project in Nevada that has the kind of numbers you like to see with initial capex of under $7oM delivering an IRR of 34.3%.

This PEA includes both underground and open pit mining, as well as the construction of a heap leach on the property to process the oxides while processing the sulphides at a third party facility. However, IAU recently purchased the nearby Lone Tree facility which can process this ore, something that will be incorporating into the coming PFBS.

IAU isn't messing around here, The PEA wasn't supposed be complete till Q1 2002, which is when, I assume we will get the PFBS, or maybe they will go straight to an FBS.And even while drilling up a storm and doing feasibility studies, they are already are doing some underground test mining while waiting for permits to begin open pit mining.

If IAU can, as I expect, display the same alacrity on their other Nevada gold projects, they will soon become a cash flow machine.

Message 33566577

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From: james flannigan11/9/2021 2:39:14 PM
   of 77867
 
Pretium signs takeover agreement with Newcrest

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From: james flannigan11/9/2021 2:48:36 PM
   of 77867
 
Dominican mines minister Almonte stated in an interview on Friday that the MEM is working to unblock the long awaited exploitation Romero Licence by the end of this yr. Also Barrick expects its PV tender this week says CEO Mark Bristow. Romero is 2.5 million 43-101 trading at $15 million backing out the cash on hand.If Barrick does get its tender then it could be game on for mining in the DR.The DR has been off limits for mine investors but if permits are issued it might be safe to get back in the water.

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To: james flannigan who wrote (77695)11/9/2021 3:19:46 PM
From: LoneClone
   of 77867
 
Link please. You have floated variations on this rumour a number of times since the DR election and have been dead wrong every time.

LC

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To: LoneClone who wrote (77696)11/9/2021 3:24:36 PM
From: james flannigan
   of 77867
 
https://www.youtube.com/watch?v=paFFs_g4lLI+ Min 10:36 Almonte mumbles something like: “Usually there is a social and env license issues, this project in particular has social license issues. We ("The govt") are working trying to unblock this project before 'this year 2022' year end...

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From: james flannigan11/10/2021 11:04:57 AM
   of 77867
 
Gold passed its breakout level of $1837 and blew right through it.The US and global economies have entered a period of stagflation with crisis energy shortages all over the globe.So owning any gold stock is going to be very rewarding.But the focus is on high grade deposits such as NFG,AMX HIGH and GBR.But my top pick for super high risk reward is GQC if that permit ever comes?.I don't know if it ever will be issued but buying a 2.5 million oz 43-101 with an AISC of only $600 in say $2000 gold for $15 million net of cash is NUTS!!!.But its a gamble at least I have taken.I don't suggest to buy GQC if one can not stomach high risk.But in this gold price almost any gold stock is a buy in my view.

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To: james flannigan who wrote (77697)11/10/2021 11:52:59 AM
From: LoneClone
   of 77867
 
Not holding my breath -- maybe if the ruling party can win the next election...

LC

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To: LoneClone who wrote (77699)11/10/2021 12:57:42 PM
From: LoneClone
2 Recommendations   of 77867
 
I-80 Gold aka IAU reported its Q3 results today. Due to recent series of transactions most of the numbers in the PR don't mean a lot, e.g. their share of the gold production from the South Arturo JV was 3254 oz , but they have since sold that interest. Likewise, they finished Q3 with a cash stash of almost $52M, but with the subsequent transactions and the associated financings that number has little reflection on their current position, which we won't know until all the details are settled.

Right now the IAU story is all about the future; how quickly they can start underground production from Granite Creek, and then how quickly they can refurbish the Lon Tree Mill and bring the Granite Creek open pits into production, followed by their other Nevada gold projects. In other words, how quickly can they become a cash flow machine? I am estimating two years before start up expenses diminish and cash flow generation really kicks in.

Message 33568011

Yukon silver miner Alexco Resources aka AXU is a little further along in its transition to becoming a producer at their Keno Hill complex, as we can see in its Q3 results. They earlier restarted production of remnant ore from the Bellekeno mine, which was exhausted last month, while starting to mine ore from the the Bermingham mine. As the metallurgy is different, they decided to finish processing Bellekeno ore before starting to feed Bermingham ore through their mill, meaning production was down slightly in Q3. Mill throughout was about about 40% of the eventual goal of 400 tpd. Getting to that goal will become easier once they also start mining at Flame & Moth this quarter. Meanwhile, they completed an exploration drill programme at Bermingham Deeps, which they expect to become their next source of ore, with the rest of the result expected in Q4.

I expect AXU to really start to shine in 2022 as the inevitable teething problems are worked out.

Message 33568041

Wallbrisge Mining aka WM just can't seem to get any respect, selling off today on the release of the initial Resource Report for their Martiniere and Fenelon Au properties in Quebec. For reasons unknown to me, it seems an Indicated resource of 43.56Mt @ 1.91 g/t containing 2.67M oz Au and an Inferred resource of 31.78Mt @ 1.69 g/t containing 1.72M oz Au just doesn't measure up. Again, I am not sure why. The metallurgy is straightforward, and the mine plan,s, a combination of open pit and underground, seem like they will work (albeit that is just a guess until we see a PEA/PFBS).

The deposits remains open in most directions, and there are other prospects in the area that need to be explored, which is why WM says they intend to do more drilling before they embark on the economic studies. Perhaps that 'delay' bothers those holding for the inevitable takeover by one of the larger miners working in the area.

Message 33568073

Nomad Royalties aka NSR announced they have instituted a dividend reinvestment plan, which allows shareholders to be paid their dividends in shares rather than cash without paying any fees to do so. The way these are set up, you can accumulate fractional shares, but that may be problematic if your shares are held by a brokerage. I intend to follow up with mine to make sure I can participate, and if you are an NSR shareholder through a brokerage you should definitely follow up with them

ca.finance.yahoo.com

FWIW, TD released a new report on Sandstorm Gold Royalties aka SSL that sees their new dividend as slightly positive, albeit they are keeping them at Buy with a target of $12.50.

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