Monday, February 20, 2017 2:28:31 AM
GYS Miners Night Bot
Presidents' Day & Family Day Holiday Schedule
Feb 20, 2017
Monday, February 20, 2017 will be a holiday for US and Canadian stock markets.
In the US, Monday is Presidents' Day.
In most places in Canada it is Family Day.
The markets return to business as usual on Tuesday.
Enjoy your holiday.
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Oroville Dam LIVE WEBCAM
https://www.youtube.com/watch?v=4Y8Dm7s0Ddk&feature=iv&src_vid=f6pkbJYM8CQ&annotation_id=channel%3A58a9147c-0000-2798-9491-94eb2c086754
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Centamin 2016 Annual Report and Accounts and Notice of AGM
[Marketwired]
MarketwiredFebruary 20, 2017
PERTH, AUSTRALIA--(Marketwired - Feb 20, 2017) - Centamin plc ("Centamin" or "the Company") ( LSE : CEY ) ( TSX : CEE ) announces the publication of its Notice of Annual General Meeting, including a management information circular, and the publication of its 2016 Annual Report and Accounts. Centamin advises that the Notice of Annual General Meeting has been mailed to the registered shareholders of the Company.
The Annual General Meeting will be held at 10:00 a.m. (UK time) on Tuesday 21 March 2017 at the Royal Yacht, Weighbridge, St Helier, Jersey, Channel Islands, JE2 3NF.
Registered shareholders have also been sent a Form of Proxy for the Annual General Meeting.
Copies of the Notice of Annual General Meeting and the 2016 Annual Report and Accounts have been submitted to the National Storage Mechanism and will be available for viewing shortly at www.morningstar.co.uk/uk/NSM.
The Notice of Annual General Meeting and the 2016 Annual Report and Accounts are also available on the Company's website at www.centamin.com.
The information required in accordance with DTR 6.3.5 was published by the Company in its annual results release on 1 February 2017 and a copy of the announcement is also available on the Company's website at www.centamin.com.
TSX: CEE
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Freeport Indonesia says could seek arbitration over mining contract violations
[Reuters]
ReutersFebruary 19, 2017
(Adds background, details)
JAKARTA, Feb 20 (Reuters) - Freeport-McMoRan Inc's Indonesian unit said on Monday it hoped to resolve a dispute with the government over its mining contract, but reserved the right to start arbitration against the government and seek damages.
Freeport has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said.
Freeport warned in a statement of "severe unfavourable consequences for all stakeholders" if the dispute is not resolved.
The consequences could include "the suspension of capital investments, a significant reduction in domestic purchases of goods and services, and job losses for contractors and workers as we are forced to adjust our business costs to match constrained production," it said.
Freeport has been negotiating with the Indonesian government over the terms of a special mining permit to replace its contract of work after halting its exports of copper concentrate due to new mining rules.
On Friday, it said it could not meet contractual obligations for copper concentrate shipments from the mine following a five-week export stoppage. All mining work was stopped last week at its giant Grasberg mine in the eastern Indonesian province of Papua.
The chief executive of Freeport's Indonesian unit, Chappy Hakim, appointed in November to lead the company through a period of regulatory uncertainty, resigned on Saturday.
Under its current contract signed in 1991, Freeport said on Monday it had invested $12 billion in Indonesia.
But the company cannot make the $15 billion additional capital investment to develop underground mining without fiscal and legal guarantees from the government, Freeport-McMoRan's CEO Richard Adkerson told a news conference in Jakarta.
Indonesia's mining minister, Ignasius Jonan, on Saturday warned Freeport that bringing the dispute to arbitration could harm the relationship between the company and the government, "but it would be a much better step rather than always using the issue of firing workers as a tool to pressure the government."
Adkerson also said on Monday the company's Indonesian unit has made its first lay-offs since the dispute over its mining contract started with the Indonesian government and may let go of more workers this week.
FCX
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Freeport CEO says Indonesian unit has begun laying off workers
[Reuters]
ReutersFebruary 19, 2017
JAKARTA, Feb 20 (Reuters) - Freeport McMoRan Inc's chief executive said on Monday the company's Indonesian unit has made its first lay-offs since a dispute over its mining contract started with the Indonesian government and may let go of more workers this week.
Richard Adkerson told a news conference in Jakarta that about 10 percent of the expatriate workforce had been laid off on Friday and that this week "we will be releasing contract workers."
Of Freeport Indonesia's 32,000 workers, only 12,000 are employees and the rest are contractors, he said.
(Reporting by Fergus Jensen and Wilda Asmarini; Writing by Gayatri Suroyo; Editing by Tom Hogue)
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Chinese steel, coke prices rise after North Korea coal ban
[Reuters]
ReutersFebruary 19, 2017
(Adds analyst quote, rebar prices)
BEIJING, Feb 20 (Reuters) - China's steel, coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country.
The most-active May futures for rebar, a steel product used in construction, rose 2.7 percent by 0155 GMT. Futures contracts for coke and coking coal, used in steel production, were up 2.3 percent and 2.4 percent respectively.
"Rebar jumped on anticipation that the ban on North Korean anthracite could lead to higher costs for steel mills that will struggle to find cheaper alternatives in the domestic market," said Zhang Min, a coal analyst based in Zibo, Shandong with Sublime Information Group.
China would stop all imports of coal from North Korea from Sunday, the country's commerce ministry said in a notice posted on its website on Saturday. The ban on the isolated country's biggest export will be in place until Dec. 31.
The move came a week after Pyongyang tested an intermediate-range ballistic missile, its first direct challenge to the international community since U.S. President Donald Trump took office on Jan. 20.
North Korea was China's fourth-biggest supplier of coal last year, with imports of anthracite, a high-quality coal used to make coke, a key ingredient in steelmaking, reaching 22.48 million tonnes, up 14.5 percent from 2015.
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Top Vale shareholders plan to end holding company -report
[Reuters]
ReutersFebruary 19, 2017
RIO DE JANEIRO, Feb 19 (Reuters) - The largest shareholders of Vale SA have decided to dissolve an investment holding company through which they controlled the world's biggest iron ore producer for 20 years, newspaper O Globo reported on Sunday.
The decision, amid ongoing efforts to renew a shareholder accord, would allow the individual shareholders to directly control their stakes in Vale and begin to vote on their own.
The newspaper, in Vale's hometown of Rio de Janeiro, did not say how soon the actual dissolution of the holding company would occur.
The partners in Valepar SA, as the holding company is known, include Bradespar SA, Mitsui & Co., several Brazilian state-run pension funds led by Previ Caixa de Previdência, and Brazil's state development bank, known as the BNDES.
Reuters reported on Jan. 19 that members of Valepar were negotiating an effort to extinguish the bloc over a six-year period. By that point, Vale would become a company with diluted share ownership.
O Globo said the partners in Valepar would announce their decision next month. The current 20-year Valepar shareholder accord expires in April.
With Valepar no longer acting as a bloc, Bradespar and Previ believe the company will be more attractive to other investors, people familiar with the matter told Reuters in January.
A more dispersed shareholder structure could result in enhanced transparency and less meddling by Brazil's government, which can influence decisions through the BNDES and the pension funds.
It can also exert veto power through a so-called golden share, which allows it to fend off hostile takeover attempts and shape strategic decisions.
In addition to Previ, the pension funds with stakes in Valepar include Petros Fundação, Funcef and privately-owned Fundação Cesp.
Previ and Bradespar did not have an immediate comment on the O Globo report. Spokespeople for BNDES and Petros did not immediately return calls by Reuters on Sunday seeking comment.
Officials at Mitsui could not immediately be reached for comment.
VALE
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Unigold Inc.: Status of Neita Exploration Concession Application
[Marketwired]
MarketwiredFebruary 17, 2017
TORONTO, ONTARIO--(Marketwired - Feb 17, 2017) - Unigold Inc. ("Unigold" or the "Company") TSX VENTURE:UGD would like to update shareholders on the status of its exploration concession application in respect of its flagship Neita Property in the Dominican Republic.
The current exploration concession on the Neita Property is due to expire on March 7, 2017. In February 2016, the Company was granted the second of two one-year extensions on the existing exploration concession by the Ministry of Energy and Mines of the Dominican Republic (the "Ministry"). These extensions are permitted under Articles 31 and 41 of the Dominican Republic Mining Law No. 146. The Company is required to apply for a new exploration concession at the end of the current period but has the exclusive right to apply in advance of the expiry of the current concession.
In October 2016, Joseph Del Campo, the Interim President and CEO of Unigold, met with representatives of the Ministry to provide notice that the Company would be applying for a new exploration concession on the Neita Property, which would be for a new three-year term with two optional extensions of one year each as allowed under Mining Law No. 146. The Ministry requested that Unigold submit such application by the end of 2016.
On November 21, 2016, the Company submitted to the Ministry a complete and valid application for the new exploration concession, receipt of which has been acknowledged by the Ministry.
On January 23, 2017, members of Unigold's management and legal counsel met with representatives of the Ministry to discuss the status of the application. In attendance from the Ministry were the Vice-Minister, a legal consultant to the Ministry and the General Mines Director. At this meeting, there was a discussion as to whether Unigold could again apply for an exploration concession or whether Unigold needed to apply for an exploitation concession. Since neither a scoping study nor an economic analysis has been completed on the Neita Property, Unigold is not in a position to apply for an exploitation concession.
The Vice-Minister requested that the General Mines Director proceed with the technical evaluation of the application and provide input to the Ministry so that the Ministry could grant its decision. The ultimate authority to grant the concession resides with the Minister of Energy and Mines.
On February 6, 2017, the Company directly received from the General Mines Director a letter stating (translated into English from Spanish):
"The privilege of applying for a new mining concession within the terms of article 16 of Rule No. 207-98 for application of the Mining Law No. 147/71, has already been utilized by the company Unigold Resources, Inc., when it applied for the "NEITA FASE I" on March 18th, 2011.
We hereby inform [Unigold] that the area occupied by the "NEITA FASE I" concession will be freed once the expiration date of the concession arrives... from that moment forth we will be able to receive or inscribe a new concession application over said area."
Since the receipt of this letter, Unigold has appealed the General Mines Director decision and has been working with its legal counsel in the Dominican Republic to gain an understanding of the legal effect of the letter received from the General Mines Director, including arranging a meeting this morning between its legal counsel and the Vice-Minister. The Vice-Minister was unable to provide additional clarity on the legal effect of the above-referenced letter but indicated that the Ministry was continuing to assess the application of Unigold. As stated earlier, the Minister of Energy and Mines, not the General Mines Director, has the authority to make the final decision regarding the granting of any concession.
The Company is awaiting the final decision from the Ministry. The Company believes it has complied with all technical and legal aspects of applicable law relating to the application. Nevertheless, Unigold advises investors to use caution in the trading of the Company's securities until such time as notice is received from the Ministry regarding the final status of the concession application for the Neita Property. The Company anticipates receiving this final decision by mid-March, 2017.
TSX VENTURE : UGD
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Gold Reserve Announces Grant of Stock Options
[Business Wire]
Business WireFebruary 17, 2017
SPOKANE, Wash.--(BUSINESS WIRE)--
Gold Reserve Inc. (GRZ.V) (GDRZF) (“Gold Reserve” or the “Company”) announced the grant of 3,125,000 stock options to its officers and directors. In addition, a total of 1,902,500 stock options were granted to employees and consultants of the Company. In January, 1,469,500 stock options exercisable at US $2.89 expired. The stock options granted on February 16, 2017 are exercisable at US $3.15, have a 10-year term, and have been issued under the Company’s existing 2012 Equity Incentive Plan.
Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170217005774/en/
GRZ.V GDRZF
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Sandstorm Gold to Release Fourth Quarter and Annual Results on February 21
[PR Newswire]
PR NewswireFebruary 17, 2017
VANCOUVER, Feb. 17, 2017 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) will release its 2016 fourth quarter and annual results on Tuesday, February 21, 2017.
A conference call will be held on Wednesday, February 22, 2017 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 416 764 8688
North American Toll-Free: (+1) 888 390 0546
Conference ID: 51266881
Webcast URL: http://ow.ly/Z5RU3094L8D
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 142 streams and royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
SAND TSX:SSL
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Inevitability of Economic Collapse
http://thegreatrecession.info/blog/2017-economic-predictions/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Op-Ed: Want to trade gold rally? Go for silver
http://www.cnbc.com/2017/02/14/op-ed-want-to-trade-gold-rally-go-for-silver.html
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Banking Crisis – Why Gold?
http://juniorgoldreport.com/the-banking-crisis-why-gold/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Major Commodities
https://www.barchart.com/futures/major-commodities
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Presidents' Day & Family Day Holiday Schedule
Feb 20, 2017
Monday, February 20, 2017 will be a holiday for US and Canadian stock markets.
In the US, Monday is Presidents' Day.
In most places in Canada it is Family Day.
The markets return to business as usual on Tuesday.
Enjoy your holiday.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Oroville Dam LIVE WEBCAM
https://www.youtube.com/watch?v=4Y8Dm7s0Ddk&feature=iv&src_vid=f6pkbJYM8CQ&annotation_id=channel%3A58a9147c-0000-2798-9491-94eb2c086754
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Centamin 2016 Annual Report and Accounts and Notice of AGM
[Marketwired]
MarketwiredFebruary 20, 2017
PERTH, AUSTRALIA--(Marketwired - Feb 20, 2017) - Centamin plc ("Centamin" or "the Company") ( LSE : CEY ) ( TSX : CEE ) announces the publication of its Notice of Annual General Meeting, including a management information circular, and the publication of its 2016 Annual Report and Accounts. Centamin advises that the Notice of Annual General Meeting has been mailed to the registered shareholders of the Company.
The Annual General Meeting will be held at 10:00 a.m. (UK time) on Tuesday 21 March 2017 at the Royal Yacht, Weighbridge, St Helier, Jersey, Channel Islands, JE2 3NF.
Registered shareholders have also been sent a Form of Proxy for the Annual General Meeting.
Copies of the Notice of Annual General Meeting and the 2016 Annual Report and Accounts have been submitted to the National Storage Mechanism and will be available for viewing shortly at www.morningstar.co.uk/uk/NSM.
The Notice of Annual General Meeting and the 2016 Annual Report and Accounts are also available on the Company's website at www.centamin.com.
The information required in accordance with DTR 6.3.5 was published by the Company in its annual results release on 1 February 2017 and a copy of the announcement is also available on the Company's website at www.centamin.com.
TSX: CEE
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Freeport Indonesia says could seek arbitration over mining contract violations
[Reuters]
ReutersFebruary 19, 2017
(Adds background, details)
JAKARTA, Feb 20 (Reuters) - Freeport-McMoRan Inc's Indonesian unit said on Monday it hoped to resolve a dispute with the government over its mining contract, but reserved the right to start arbitration against the government and seek damages.
Freeport has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said.
Freeport warned in a statement of "severe unfavourable consequences for all stakeholders" if the dispute is not resolved.
The consequences could include "the suspension of capital investments, a significant reduction in domestic purchases of goods and services, and job losses for contractors and workers as we are forced to adjust our business costs to match constrained production," it said.
Freeport has been negotiating with the Indonesian government over the terms of a special mining permit to replace its contract of work after halting its exports of copper concentrate due to new mining rules.
On Friday, it said it could not meet contractual obligations for copper concentrate shipments from the mine following a five-week export stoppage. All mining work was stopped last week at its giant Grasberg mine in the eastern Indonesian province of Papua.
The chief executive of Freeport's Indonesian unit, Chappy Hakim, appointed in November to lead the company through a period of regulatory uncertainty, resigned on Saturday.
Under its current contract signed in 1991, Freeport said on Monday it had invested $12 billion in Indonesia.
But the company cannot make the $15 billion additional capital investment to develop underground mining without fiscal and legal guarantees from the government, Freeport-McMoRan's CEO Richard Adkerson told a news conference in Jakarta.
Indonesia's mining minister, Ignasius Jonan, on Saturday warned Freeport that bringing the dispute to arbitration could harm the relationship between the company and the government, "but it would be a much better step rather than always using the issue of firing workers as a tool to pressure the government."
Adkerson also said on Monday the company's Indonesian unit has made its first lay-offs since the dispute over its mining contract started with the Indonesian government and may let go of more workers this week.
FCX
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Freeport CEO says Indonesian unit has begun laying off workers
[Reuters]
ReutersFebruary 19, 2017
JAKARTA, Feb 20 (Reuters) - Freeport McMoRan Inc's chief executive said on Monday the company's Indonesian unit has made its first lay-offs since a dispute over its mining contract started with the Indonesian government and may let go of more workers this week.
Richard Adkerson told a news conference in Jakarta that about 10 percent of the expatriate workforce had been laid off on Friday and that this week "we will be releasing contract workers."
Of Freeport Indonesia's 32,000 workers, only 12,000 are employees and the rest are contractors, he said.
(Reporting by Fergus Jensen and Wilda Asmarini; Writing by Gayatri Suroyo; Editing by Tom Hogue)
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Chinese steel, coke prices rise after North Korea coal ban
[Reuters]
ReutersFebruary 19, 2017
(Adds analyst quote, rebar prices)
BEIJING, Feb 20 (Reuters) - China's steel, coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country.
The most-active May futures for rebar, a steel product used in construction, rose 2.7 percent by 0155 GMT. Futures contracts for coke and coking coal, used in steel production, were up 2.3 percent and 2.4 percent respectively.
"Rebar jumped on anticipation that the ban on North Korean anthracite could lead to higher costs for steel mills that will struggle to find cheaper alternatives in the domestic market," said Zhang Min, a coal analyst based in Zibo, Shandong with Sublime Information Group.
China would stop all imports of coal from North Korea from Sunday, the country's commerce ministry said in a notice posted on its website on Saturday. The ban on the isolated country's biggest export will be in place until Dec. 31.
The move came a week after Pyongyang tested an intermediate-range ballistic missile, its first direct challenge to the international community since U.S. President Donald Trump took office on Jan. 20.
North Korea was China's fourth-biggest supplier of coal last year, with imports of anthracite, a high-quality coal used to make coke, a key ingredient in steelmaking, reaching 22.48 million tonnes, up 14.5 percent from 2015.
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Top Vale shareholders plan to end holding company -report
[Reuters]
ReutersFebruary 19, 2017
RIO DE JANEIRO, Feb 19 (Reuters) - The largest shareholders of Vale SA have decided to dissolve an investment holding company through which they controlled the world's biggest iron ore producer for 20 years, newspaper O Globo reported on Sunday.
The decision, amid ongoing efforts to renew a shareholder accord, would allow the individual shareholders to directly control their stakes in Vale and begin to vote on their own.
The newspaper, in Vale's hometown of Rio de Janeiro, did not say how soon the actual dissolution of the holding company would occur.
The partners in Valepar SA, as the holding company is known, include Bradespar SA, Mitsui & Co., several Brazilian state-run pension funds led by Previ Caixa de Previdência, and Brazil's state development bank, known as the BNDES.
Reuters reported on Jan. 19 that members of Valepar were negotiating an effort to extinguish the bloc over a six-year period. By that point, Vale would become a company with diluted share ownership.
O Globo said the partners in Valepar would announce their decision next month. The current 20-year Valepar shareholder accord expires in April.
With Valepar no longer acting as a bloc, Bradespar and Previ believe the company will be more attractive to other investors, people familiar with the matter told Reuters in January.
A more dispersed shareholder structure could result in enhanced transparency and less meddling by Brazil's government, which can influence decisions through the BNDES and the pension funds.
It can also exert veto power through a so-called golden share, which allows it to fend off hostile takeover attempts and shape strategic decisions.
In addition to Previ, the pension funds with stakes in Valepar include Petros Fundação, Funcef and privately-owned Fundação Cesp.
Previ and Bradespar did not have an immediate comment on the O Globo report. Spokespeople for BNDES and Petros did not immediately return calls by Reuters on Sunday seeking comment.
Officials at Mitsui could not immediately be reached for comment.
VALE
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Unigold Inc.: Status of Neita Exploration Concession Application
[Marketwired]
MarketwiredFebruary 17, 2017
TORONTO, ONTARIO--(Marketwired - Feb 17, 2017) - Unigold Inc. ("Unigold" or the "Company") TSX VENTURE:UGD would like to update shareholders on the status of its exploration concession application in respect of its flagship Neita Property in the Dominican Republic.
The current exploration concession on the Neita Property is due to expire on March 7, 2017. In February 2016, the Company was granted the second of two one-year extensions on the existing exploration concession by the Ministry of Energy and Mines of the Dominican Republic (the "Ministry"). These extensions are permitted under Articles 31 and 41 of the Dominican Republic Mining Law No. 146. The Company is required to apply for a new exploration concession at the end of the current period but has the exclusive right to apply in advance of the expiry of the current concession.
In October 2016, Joseph Del Campo, the Interim President and CEO of Unigold, met with representatives of the Ministry to provide notice that the Company would be applying for a new exploration concession on the Neita Property, which would be for a new three-year term with two optional extensions of one year each as allowed under Mining Law No. 146. The Ministry requested that Unigold submit such application by the end of 2016.
On November 21, 2016, the Company submitted to the Ministry a complete and valid application for the new exploration concession, receipt of which has been acknowledged by the Ministry.
On January 23, 2017, members of Unigold's management and legal counsel met with representatives of the Ministry to discuss the status of the application. In attendance from the Ministry were the Vice-Minister, a legal consultant to the Ministry and the General Mines Director. At this meeting, there was a discussion as to whether Unigold could again apply for an exploration concession or whether Unigold needed to apply for an exploitation concession. Since neither a scoping study nor an economic analysis has been completed on the Neita Property, Unigold is not in a position to apply for an exploitation concession.
The Vice-Minister requested that the General Mines Director proceed with the technical evaluation of the application and provide input to the Ministry so that the Ministry could grant its decision. The ultimate authority to grant the concession resides with the Minister of Energy and Mines.
On February 6, 2017, the Company directly received from the General Mines Director a letter stating (translated into English from Spanish):
"The privilege of applying for a new mining concession within the terms of article 16 of Rule No. 207-98 for application of the Mining Law No. 147/71, has already been utilized by the company Unigold Resources, Inc., when it applied for the "NEITA FASE I" on March 18th, 2011.
We hereby inform [Unigold] that the area occupied by the "NEITA FASE I" concession will be freed once the expiration date of the concession arrives... from that moment forth we will be able to receive or inscribe a new concession application over said area."
Since the receipt of this letter, Unigold has appealed the General Mines Director decision and has been working with its legal counsel in the Dominican Republic to gain an understanding of the legal effect of the letter received from the General Mines Director, including arranging a meeting this morning between its legal counsel and the Vice-Minister. The Vice-Minister was unable to provide additional clarity on the legal effect of the above-referenced letter but indicated that the Ministry was continuing to assess the application of Unigold. As stated earlier, the Minister of Energy and Mines, not the General Mines Director, has the authority to make the final decision regarding the granting of any concession.
The Company is awaiting the final decision from the Ministry. The Company believes it has complied with all technical and legal aspects of applicable law relating to the application. Nevertheless, Unigold advises investors to use caution in the trading of the Company's securities until such time as notice is received from the Ministry regarding the final status of the concession application for the Neita Property. The Company anticipates receiving this final decision by mid-March, 2017.
TSX VENTURE : UGD
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Gold Reserve Announces Grant of Stock Options
[Business Wire]
Business WireFebruary 17, 2017
SPOKANE, Wash.--(BUSINESS WIRE)--
Gold Reserve Inc. (GRZ.V) (GDRZF) (“Gold Reserve” or the “Company”) announced the grant of 3,125,000 stock options to its officers and directors. In addition, a total of 1,902,500 stock options were granted to employees and consultants of the Company. In January, 1,469,500 stock options exercisable at US $2.89 expired. The stock options granted on February 16, 2017 are exercisable at US $3.15, have a 10-year term, and have been issued under the Company’s existing 2012 Equity Incentive Plan.
Further information regarding the Company can be located at www.goldreserveinc.com, www.sec.gov, and www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170217005774/en/
GRZ.V GDRZF
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Sandstorm Gold to Release Fourth Quarter and Annual Results on February 21
[PR Newswire]
PR NewswireFebruary 17, 2017
VANCOUVER, Feb. 17, 2017 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT: SAND, TSX: SSL) will release its 2016 fourth quarter and annual results on Tuesday, February 21, 2017.
A conference call will be held on Wednesday, February 22, 2017 starting at 8:30am PST to further discuss the fourth quarter and annual results. To participate in the conference call, use the following dial-in numbers and conference ID, or join the webcast using the link below:
Local/International: (+1) 416 764 8688
North American Toll-Free: (+1) 888 390 0546
Conference ID: 51266881
Webcast URL: http://ow.ly/Z5RU3094L8D
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 142 streams and royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
SAND TSX:SSL
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Inevitability of Economic Collapse
http://thegreatrecession.info/blog/2017-economic-predictions/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Op-Ed: Want to trade gold rally? Go for silver
http://www.cnbc.com/2017/02/14/op-ed-want-to-trade-gold-rally-go-for-silver.html
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The Banking Crisis – Why Gold?
http://juniorgoldreport.com/the-banking-crisis-why-gold/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Major Commodities
https://www.barchart.com/futures/major-commodities
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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