ABGFF: Finra deleted symbol: Plan of Arrangement. Pursuant to the Arrangement, holders of American Bonanza Shares are entitled to receive, in respect of each American Bonanza Share, 0.53 of a Kerr Mines common share.
American Bonanza and Kerr Mines Inc. Enter Into an Agreement to Merge
Gold Boosted By Call To Ease India's Import Restrictions
Gold Market To Eye India In 2014 For Any Changes On Import Rules
Gold Trapped In Heavy Market Says Hug
OUTLOOK 2014: Fireworks Coming - Santa Pete
could be because of this......
Bring on the news! Must be significant to cause a trade halt!
Too much rain in August?
New York , NY, Sep 23, 2013 (WORLD STOCK WIRE via COMTEX) -- OTC Selector
tracks stocks daily and is pleased to offer features on public companies.
Investors can receive FREE Stock Alerts and company news and profiles by
visiting OTC Selector at the following: http://www.otcselector.com
Today's alerts include: American Bonanza Gold Corp. (OTC: ABGFF) $.045
American Bonanza Gold Corp. explores and develops gold mining projects in
pro-mining areas of the United States and Canada. Bonanza's main objective is to
bring the development stage, 100% owned, Copperstone gold property in Arizona
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September 06, 2013
American Bonanza Provides Copperstone Gold Mine Progress For July 2013
Updates mid monthly?
American Bonanza Provides Copperstone Gold Mine Progress For June 2013
American Bonanza Gold Corp.
TSX : BZA
OTCQX : ABGFF
American Bonanza Gold Corp.
June 19, 2013 08:00 ET
American Bonanza Provides Copperstone Gold Mine Progress for May 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 19, 2013) - American Bonanza Gold Corp. (TSX:BZA)(OTCQX:ABGFF) ("Bonanza" or "Company") is pleased to announce progress at the 100% owned Copperstone gold mine in Arizona during May 2013.
May saw 1,041 ounces of gold produced, a 5% increase in ore grade, improvement in the mill recovery, and a 41% increase in development footage as the focus on providing access to new ore zones continues. Improvements continue into June, with production for the first 16 days of the month totalling 746 ounces of gold.
Production Summary (see below for detailed breakdown of figures)
Development Mining January '13 February '13 March '13 April '13 May '13
Zones <4 7 6 5 4
Development mined 146 t/d 253 t/d 167 t/d 291 t/d 399 t/d
Total rock mined 463 t/d 562 t/d 474 t/d 622 t/d 766 t/d
Ore mined 317 t/d 308 t/d 347 t/d 331 t/d 367 t/d
Rounds per day mined 5 4.3 5.2 4.9 5.2
Ore processed 322 t/d 315 t/d 333 t/d 346 t/d 349 t/d
Mill recovery 82% 86% 80% 81% 89%
Gravity concentrate 15 Oz/ t 47 Oz/t 34 Oz/t 30 Oz/t 43 Oz/t
Flotation concentrate 23 Oz/t 30 Oz/t 18 Oz/t 27 Oz/t 21 Oz/t
Gold produced 520 Oz 878 Oz 670 Oz 815 Oz 1,041 Oz
1,041 ounces of gold were produced during May, comprised of 271 ounces of gold contained in flotation concentrate and 769 ounces of gold in gravity concentrate.
•Total ore mined during May was 11,368 tons, which is 1,435 more tons than during April. A total of 806 feet of ore was mined in May, 2% less than April.
•The mine performed at an average of 5.2 rounds of mining progress per day.
•The focus of the engineering and geology departments continues to be the improvement and maintenance of grade and tons via the development of more ore headings, and the on-going drilling and assay work to limit dilution of higher grade ore.
•This month saw further progress made towards the strategic ore reserves in the C zone targeted for third and fourth quarter mining.
•During May development footage increased by 41% to 703 feet1 from April's figures.
•The milled tons increased from 10,393 tons in April to 10,843 tons in May.
•The grade also improved from 0.0969 ounces of gold per ton in April to 0.1073 ounces per ton in May.
•Mill recovery during May averaged 89% which is 8% more than April.
To view accompanying graph, visit the following link: http://media3.marketwire.com/docs/2013_Gold_Production_Chart.jpg
Mr. Brian Kirwin, President & CEO, commented:
"Achieving design rates continues to be our focus and priority. Following the availability of additional working capital announced on the 12th of June, it is expected that additional equipment and inventory of parts will help to accomplish this goal."
Mine and mill performance for the month of June will be announced towards the end of July.
Doug Wood, P. Geo the Vice President of Exploration of the Company, is the "qualified person" as defined in NI 43-101 who has reviewed and approved the technical information in this news release.
About American Bonanza Gold Corp.: Bonanza is operating the newly constructed Copperstone gold mine in Arizona. For more information please visit Bonanza's website at www.americanbonanza.com.
AMERICAN BONANZA GOLD CORP.
Brian Kirwin, President & Chief Executive Officer
We Seek Safe Harbour.
1 April saw 498 feet of development footage in April, not 827 feet; the result of a typing error in the April Progress Release (28th May 2013), which is 6% less (not 56% more) than in March.
American Bonanza Gold Corp.
American Bonanza Gold Corp.
Well summed up. I totally agree.
"The Company proposes an ordinary resolution to issue up to 200,000,000 additional Units having the same terms and conditions as the Units described above."
Doesn't make any sense to me at all that the above would be proposed unless current shareholders were allowed to participate (perhaps on a basis which is proportional to their currrent percentage holding?) . I cannot imagine that the company would have underestimated the start-up CAPEX and continued development costs by an amount of nearly $10milion. And it only makes sense that they would delay development until we had sufficient cash-flow,( and only then do a staged equity raise and staged development) and /or delay until such time that macroeconomics and the price of gold improved (and are SP followed) . Hopefully the additional information in the circular will thoroughly delineate our immediate and proposed financing needs in simple layman's terms.... And presumably we all will have a say/vote on this additional equity proposal.
We are are well aware regarding how tight the current credit markets are, but I cannot believe that a producing gold mine ( with a supposed IRR of greater than 90% at $1400/oz I might add), would not be able to arrange debt financing that would be significantly less dilutive. Even a loan-shark rate of 10 to 15% would be preferable to a near doubling of our outstanding shares and thus potential earnings per share. I would even prefer to be taken over at a SP of $0.05 by a well-run company like Timmins Gold (Sonora Mexico flagship property), than have our share structure be blown out... at least in that scenario we would likely see some SP appreciation a lot sooner....
any comments appreciated.
So what's your take?
American Bonanza Announces Joint Venture with Suparna Gold, Non Brokered Private Placements of Convertible Debentures and Units and Adds Equity Financing Proposal to Shareholders Meeting Agenda
May 28, 2013
American Bonanza Provides Copperstone Gold Mine Progress for April 2013
American Bonanza Gold Corp. - Canadian gold stock
Uploaded on Sep 5, 2011
May 02, 2013 American Bonanza Approves Advance Notice Policy
looks like ABGFF is putting out more PR's then last year at this time by 2 to 1
ABGFF is interesting in that is unlike many other penny stock companies, especially those who have a viable product. Here, we have a company which has a reasonable secure balance sheet, a growing production of a real product, and bright prospects, but the company does not do much to promote the stock with many press releases. Interesting also, is that the minor shareholders seem to avoid a lot of chatter about the company.
In other words, not only do I not see fluffy hype, but I see virtually no stock hype. This is not troubling to me, but is interesting.
One of my mine sales specialists visited the mine and also visited some local business who follow the local gossip from employees and other visiting the mine. The mine is operating well, albeit we understood the results were below prediction for various reasons.
Gold smash aims to rebuild JPM's Comex inventory, says Clive Maund
Submitted by cpowell on Mon, 2013-04-15 16:06. Section: Daily Dispatches
12:01p ET Monday, April 15, 2013
Dear Friend of GATA and Gold:
Market analyst Clive Maund writes that the gold plunge likely was engineered in large part to enable JPMorganChase to replenish its dangerously diminishing gold inventory by running weak hands out of the market.
Maund writes: "There has been a big drawdown in physical gold warehouse stocks at the Comex this year, and a really dramatic drawdown at the JPMorganChase depository. If, as a result of this, stocks are too low to meet deliveries, gold would have to be bought in the open market, driving prices sharply higher, and they for sure don't want that now that their stocks are so low.
So the game is to smash the gold price so that they can replenish their stocks on the cheap -- and they are not short of friends in high places who can assist them in this endeavor."
Maund's commentary is posted at his Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
“155 Tons Of Paper Gold Sold In Just One Hour!”
April 15, 2013, KingWorldNews.com
On the heels of another cascade of selling in gold and silver, today whistleblower Andrew Maguire told KWN that a stunning 155 tons of paper gold was sold in just one hour. Maguire also spoke KWN about the remarkable amount of central bank buying which took place during that chaotic one hour time frame. Below is what Maguire had to say in this remarkable and exclusive interview.
Maguire: “In the one hour into the London fix we saw a stunning 155 tons of paper gold sold. That took place in just one hour. The reason there is so much concentrated selling into the London fix is because it creates even more computer generated selling....
“But the selling is now running on fumes. At this point nobody is selling except the weak hands. It is important for people to know that most of the margin calls are now fully completed, and the commercials are also buying everything on the tape that is being sold by the margin clerks.
The central banks are also buying large amounts of gold as well. In that chaotic one hour time frame where we saw a remarkable 155 tons of paper gold sold, central banks stepped in and bought a staggering 55 tons of gold. You have to remember that is just what the central banks were buying here in London. Let me repeat that, in one hour central banks bought an astounding 55 tons of gold here in London.
I want KWN readers around the world to understand that there is massive physical offtake in these markets right now. The reason price is declining is because Western governments have sanctioned leveraged paper selling by their agents, the bullion banks, in order to drive the price of gold down. What people are seeing right now has nothing to do with the physical market. In fact the physical market is literally on fire right now.”
Maguire also added: “I guarantee you the bullion banks are long gold right now in their own trading accounts.”
IMPORTANT - KWN will be releasing a second interview with Andrew Maguire within hours. Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.
As of March 27, 2013, the Corporation had 112 employees of whom two are senior executive officers as follows:
Brian Kirwin, President and Chief Executive Officer
Joe Chan, Chief Financial Officer
All other professional staff are retained under consulting contracts. There are no contracts of collective agreements between the Corporation and any labour union or similar organization.