| From: Clark Kent | 1/4/2022 6:59:42 PM | | | | | | I posted a reply to stateside that should be here as well.
follow link
Message 33646380
He's now sponsored by Teuton and put out a report and also talks about TUO on today's podcast |
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| From: LoneClone | 1/6/2022 1:06:16 PM | | | | | | Prospect generator Riverside Resources aka RRI consolidated the La Union Au/Ag/Pb/Zn prospect in Sonora, Mexico last September. Their latest PR brings us the first proper exploration results on the property, and things look promising. Results from the 103 samples range as high as 83.2 g/t Au, 4816 g/t Ag, 10% Pb, and 30% Zn, and they seem to have a good handle on the mineralization. Next up will be geophysics followed by drilling later this year. Exploration so far has been based around the past-producing mines on the property; it will be interesting to see what they can come up with on the remainder.
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We also got news that shareholders of both Calibre Mining aka CXB and Fiore Gold aka F has approved the acquisition of F by CXB. Can the union of a company that's been having trouble making money on its Nevada gold mine with a company operating gold mines in the ever more problematic country of Nicaragua be a success? We shall see. I have a small stake in Fiore which I plan to hold through the merger because it is in a tax-sheltered account thus cannot generate a capital loss if I sell.
ca.finance.yahoo.com
Speaking of Calibre Mining aka CXB, they were early out of the blocks, already announcing the their Q4 and full year results for 2021, and they were pretty darn good. In Q4 they produced 49218 oz Au, moving their full year total to 183242, exceeding the top end of their guidance by a good margin. As a result, they increased their cash stash by over $5M to $78.4M. They remain debt free.They also released 2022 guidance, forecasting similar production, with growth in Nicaragua expected to kick in as several new mines come into production in 2023, assuming they get all their permits.
If only they weren't in Nicaragua... Props to BTO for being smart enough to sell their properties to CXB before it got so bad there.
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FWIW, TD released a new research report on CXB which saw the impact of the PR as neutral, and kept their rating as Buy with a target of $2,75.
IKN brings great news to the holders of Minera Alamos aka MAI shares like me and many of you. The share price has been depressed because Osiskko was foolishly dumping millions of MAI shares on the market. Yesterday a block of over 41M MAI shares changed hands, meaning that downward pressure should dissipate and allow the shares to reflect their true value.
iknnews.com |
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| From: LoneClone | 1/7/2022 2:19:36 PM | | | | | | | FWIW, I came across several new analyst reports on Calibre Mining aka CXB, released in the wake of their quarterlies and the positive shareholder votes on the buyout of Fiore. BMO saw these PRs as positive but already baked in, so kept their rating at Outperform with a target of $2.30. Similarly, Scotia saw the Q4 results and 2022 guidance as positive, but kept them at Sector Outperform with a target of $2.75. |
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| From: LoneClone | 1/10/2022 4:11:21 PM | | | | | | I-80 Gold aka IAU put out a PR just to announce that CEO Evan Downie has bought over 14M shares on the open market since the company's shares started trading in April. Mind you, that is a pretty impressive insider buying.
ca.finance.yahoo.com
There is strange trading in Goldquest Mining aka GQC today, up more than 50% on significant volume. One of our regulars here has repeatedly brought us false rumours that they were about to get the permits they need to develop the Romero mine in the Dominican Republic. Perhaps his absence together with this volume is an indication it is really happening this time. I am surprised trading hasn't halted due to the abnormal action.
Wallbridge Mining aka WM announced their 2022 plans in a PR. After a big year last year, declaring the first resource at their Fenelon gold property, this will be a year of preparation. They plan tospend $70M, of which $50M is already in hand, two thirds on further expanding Fenelon's resources, a quarter, on expanding the nearby Martiniere resource, and the remainder on exploration, all in preparation for economic reports to come. They clearly see their entire set of properties as a package on the underexplored Detour-Fenelon trend, and I expect one of the larger companies mining nearby to buy them out at some point in the next few years.
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Sanstorm Gold Royalties aka SSL released their year and and Q4 results, as usual with them a brief report filled with preliminary figures. In general, the numbers look good, with sales in Q4 sales of ~16600 AuEq oz, with an operating margin of about $1570/oz.
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Golden Goliath aka GNG brought us an update on their second gold property in Ontario, called Wish Ore. In 2021 they ran a geophysics programme to follow up earlier mapping and sampling, and have identified a number of prospects for followup. Apparently we get details of future exploration in due course.
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Canada Silver Cobalt aka CCW released some more drill results from their Castle East property in Ontario, where they are outlining an area of high grade but narrow veins contining Ag and Co. We also get news of an upcoming updated Resource Estimate, their first in almost two years.
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| From: LoneClone | 1/11/2022 12:47:29 PM | | | | | | FWIW, BMO, always the most negative on the prospects for Sandstorm Gold Royalties aka SSL, kept them at Market Perform with a target of $9 in the wake of yesterday's quarterly reports.
Goliath Resources aka GOT released a summary report on the 24 holes drilled in 2021 in the Surebet deposit on the Golddigger property in BC's Golden Triangle. They clearly have a good handle on the mineralization, given that all the holes intersected significant Au/Ag values, defining a deposit that is over 1lm in strike length that extends more than 1 km down dip. Surebet remains open in multiple directions, and mapping and sampling in 2021 also defined another deposit called the Extension Zone 500m away, as well as several other promising showings.
All these targets will be followed up during the planned 18km drilling programme during 2022. I am still not convinced GOT has the making of a mine, considering the difficult relief in the area, but good results from drilling this year would go a long way to dispelling those doubts.
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One of the main reasons I trading in my B2Gold aka BTO shares for shares in EDV a few years ago was what I perceived as increasing country risk for BTO. This continues to increase, in spite of BTO releasing a PR saying that they will still be able to run their Fekola mine in Mali in spite of sanctions imposed by the Economic Community of West African States in the wake of political unrest. We shall see.
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Rio2 Mining aka RIO today announced that, following successful lab testing of an innovative polymer-based extraction process for ore from their Fenix gold mine under development in northern Chile, that they will be proceeding with further testing, this time on site at Fenix. If the testing is successful and the innovation is adopted, it will be cheaper, use less energy, produced fewer GHGs than the conventional activated carbon process.
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| From: LoneClone | 1/13/2022 2:19:19 PM | | | | | | The latest PR from Tudor Resources aka TUO was a bit of a grab bag, wrapping up the final results from 2021 exploration at their Treaty Creek JV in BC's Golden Triangle. Three holes drilled to extend the Goldstorm deposit all ended in mineralization before had to be abandoned due to encroaching winter conditions and will be re-drilled next year. A hole at the recently discovered Calm Before the Storm deposit extended the mineralization a significant distance, and a trench at the Eureka target reveled significant mineralization that will be followed up by drilling.
2022 will be a busy one for the Treaty Creek JV partners. Goldstorm remains open in every direction and at depth, and the various exploration targets will also be followed up. We can expect constant newsflow once spring arrives and they can get back at it.
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I-80 Gold aka IAU released what they call a comprehensive plan to create a Nevada-focused gold mining company. I think we have seen all of the contents in bits, but to see it all pulled together into one document is to be impressed. They plan to use a 'Hub and Spoke' development plan to activate four separate mines over the next three years, all based around the Lone Tree complex which can process both oxide and refractory ore. Sulphide mineralization from the Granite Creek, Ruby Hill, and McCoy-Cove mines will be processed at the Lone Tree autoclave, while oxide mineralization from Buffalo Hills and associated deposits will be extracted through a heap leach at Lone Tree, which is expected to produce its first gold before the end of the year, followed over the next few years by the initiation of production from the autoclave.
IAU has plenty of money and now a detailed plan, so from here on we will will be able to keep track of how they are doing with the many project milestones they have set. Given this management's track record, I expect them to pull everything off.
And BTW, as far as I know CEO Evan Downie is no relation to the Downie brothers from the Tragically Hip.
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Wallbridge Mining aka WM released the first set of results from the 2022 drilling campaign at their Fenelon gold project in Quebec. In the wake of their recently released initial Resource Estimate, they have found, within the resource envelope, more high grade near surface minerlaiztion at Area 51 which will likely be suitable for open pit extraction. As well, they further extended a high grade shoot below the resource envolope at Tabasco. Expect a constant flow of results like these as they prepare to begin economic studies on Fenelon later this year.
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Prospect developer Riverside Resources aka RRI released a review of 2021 accomplishments and laid out its plans for 2022. They are well-funded with over $5M in cash on hand, plus many of their programmes are at least partially funded by JV partners. As usual, most of their effort will be expended in Mexico, along with some work on the their remaining Ontario gold prospects. Personally, I am most excited about their copper exploration JV in Mexico in conjunction with major BHP. This has already generated 5 JVed properties, and they hint that there will be more. I am also looking forward to more exploration results from the Oakes gold property in Ontario and the La Union Au/Ag prospect in Sonora, and we will also get results from partner-funded programmes on several other Mexican JVs.
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Perhaps RRI's most important achievement last year was to spin out Capitan Mining aka CAPT, which is exploring its 100%-owned Capitan Hill Au/Ag deposit in Durango Mexico. CAPT brought us an update which includes some decent drill results, but more importantly, also tells us they have bought out some onerous royalties on the most important parts of the property. As the example of KRR's rise tell us, getting rid of such royalties can be a vital step into bringing a deposit into production. The results included in this PR extended the deposit a further 170M down dip, which helps, and there are still 11 holes pending. The next round of drilling begins later this month.
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Calibre Mining aka CXB announced that they have completed the takeover of Fiore Gold aka F. We shall see whether the combination of a company operating profitable gold mines in a problematic country with a company operating a difficult gold mine in Nevada, as well as several nearby development projects, will be a success.
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FWIW, in the wake of that announcement and the recent quarterlies, TD released a new analyst report which see the impact as mixed. They have recalculated the combined CXB's NAV as substantially lower, primarily due to cost increases in Nicaragia, and as result maintained CXB at Buy but lowered their target from $2.75 to $2.25. |
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| To: LoneClone who wrote (77753) | 1/13/2022 2:43:11 PM | | From: Pianoman1997 | | | | LC,
There is clearly a lot of GOLD there and the future is a high tonnage low grade operation. Do you see any movement in 2022 with the 1:1:3 ownership by TUO, AMK and TUD? Will TUD move on the other 2 or could TUO merge with AMK or else.
There is also SEA that may have an interest in gaining land access and/or consolidate the whole area.
Food for thoughts. |
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