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

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From: LoneClone12/21/2021 12:06:41 PM
   of 78090
FWIW, Scotia's have always been the most positive of the analysts regarding Sandstorm Gold Royalties aka SSL, and this continues with their latest report, which rates SSL as Buy with a target of $US12..

In the last few days I have seen 4 analysts reports with ratings ranging from Underperform to Buy, and targets ranging from $C9 to the equivalent of $C15.50. As a shareholder I am rooting for the latter but expect the reality to be somewhere in the middle, as I wait for SSL to announce the sale of their portion of the Hot Maden JV and resulting set of re-calibrations.


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To: LoneClone who wrote (77741)12/21/2021 1:26:08 PM
From: kidl
1 Recommendation   of 78090
I am not surprised about the range of ratings. Analyzing SSL is complicated / takes a lot of analyst time. Maybe too much time for some of them?

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From: LoneClone12/22/2021 4:26:40 PM
   of 78090
We got an intriguing PR from Rio2 aka RIO this morning. They have managed to sell one of their non-core properties in Chile to a local company for $5M. When I starting reading the PR I figured that the deal would provide another $5M insurance as they build their Fenix gold mine, but then comes an interesting quote from their Chief Strategist - "“the sale of this non-core asset adds an additional US$5,000,000 of available funding to support Rio2’s strategic business initiatives other than the construction of the Fenix Gold Project which has its project financing arranged to production.”

I shouldn't have been surprised. Even as they efficiently press forward on their main task, in this case building Fenix, it is characteristic of this management team to have more irons in the fire.

Message 33630679

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To: LoneClone who wrote (77739)12/23/2021 3:20:31 PM
From: Pianoman1997
   of 78090
Elemental Royalties is not recommending to accept unsolicited Gold Royalty offer, price holding, market is possibly hoping for an upgraded offer.


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From: LoneClone1/4/2022 5:07:56 PM
1 Recommendation   of 78090
It's still early but Bam Bam Resources may have already clinched the Headline of the Year award for their latest PR.

Bam Bam Adds Professional Geologist to the Board of Directors

I guess they were relying on amateurs until now. Perhaps they should have inserted the word 'Actual' in front of 'Professional'.

For those unfamiliar with the company, their primary specialty is putting out way too many breathless PRs, sometimes 3 a week.


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From: Clark Kent1/4/2022 6:59:42 PM
   of 78090
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: LoneClone1/6/2022 1:06:16 PM
1 Recommendation   of 78090
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.

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.

Message 33648943

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.

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From: LoneClone1/7/2022 2:19:36 PM
   of 78090
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: LoneClone1/10/2022 4:11:21 PM
2 Recommendations   of 78090
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.

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.

Message 33654658

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.

Message 33654711

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.

Message 33654729

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From: LoneClone1/11/2022 12:47:29 PM
1 Recommendation   of 78090
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.

Message 33655825

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