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Euro Sun Mining Part 1 of 4 - The Story Of Bulding a Mine.
(TSX:ESM | OTCQB:CPNFF) London stock exchange Q2 2021
Euro Sun Mining
THERE ARE NO TWO WAYS ABOUT IT; GOLD IS BOOMING.
The ultimate safe-haven asset has shot up almost 30% over the last 12 months and recently crossed $1,800 an ounce (“/oz”) for the first time since 2011.
This already puts the precious metal among this year’s top performers.
Still, many analysts expect the bull run to continue well into the future – some even see the precious metal passing through $5,000/oz!
Institutional investors are now on the hunt for the highest-quality gold developers likely to prosper the most in these conditions.
After all, if history has taught us anything, it’s that we are likely approaching an intense phase of gold market M&A activity, as cashed-up gold miners look for ways to boost their reserves.
Against this backdrop, one stock that has just captured incredible institutional backing is Euro Sun Mining (TSX:ESM | OTCQB:CPNFF).
This Canadian gold developer has attracted more than $20 million of smart money in the last three months alone to accelerate advancement of its 100%-owned Rovina Valley gold and copper project in Romania.
With few milestones remaining before this 10-million-ounce monster can enter the construction phase, a re-rate of Euro Sun’s current C$53.2 million market cap could very well be on the cards.
EURO SUN – WINNING WORLD-CLASS SUPPORT
Back in May, Euro Sun announced the launch of a C$12 million bought deal public offering underwritten by mining legend Sprott Capital Partners.
For those who don’t know, a “bought deal” is a securities offering where the underwriter commits to buying the value of the entire offering from its client.
In other words – it ensured that Euro Sun would raise its intended amount in full and represented a strong vote of confidence from Sprott.
Sprott’s instincts were vindicated twice over when Euro Sun quickly upsized the placement to C$20 million in response to market demand before eventually raising a total of C$22.3 million.
Among those who took part was long-term investor Ruffer LLP – among the UK’s biggest investment companies, with some $19 billion of client assets under management.
Having doubled down on its support for Euro Sun, Ruffer today sits as the company’s largest investor with a 9% stake.
Joining Ruffer in the raise was world-leading asset manager Franklin Templeton, which took a new 8% position in Euro Sun through its $331 million Franklin Gold fund.
Meanwhile, ASA Gold and Precious Metals – one of the world’s oldest metals and mining-focused investment management firms – also entered the fray, taking a 7% position.
With Euro Sun continuing to enjoy support from the likes of BNP Paribas’ Ixios Gold fund (2%) and Hong Kong’s APAC Resources (2%) the institutional presence across its shareholder base is truly remarkable.
After all, these are long-term investors – not only is there an opportunity for them to add to their stakes, but also their involvement and interest places Euro Sun on the radar of yet more professional investors.
Euro Sun is not just winning institutional support either – it’s courting some of the industry’s top management figures.
In June, it added Peter Vukanavich and Paul Perrow to its board of directors.
Over a 30-year career, Vukanavich sat as president and chief executive of both Genworth Financial Canada/GE Capital Mortgage Insurance Canada and CFF Bank (now Home Bank).
Perrow, meanwhile, was senior vice president, director of sales and marketing with CI Investments and currently sits on the board of CI Financial – one of Canada’s largest investment management firm by assets under management.
Reflections on the stock/company; going trough all the criteria for evaluate a stocks value, I feel good about my preparation and research from various sources besides the company itself.
In recent interviews (see YouTube), CEO Scott talks about the "why" when it comes to the low valuation compared to peers. Garibaldi Resources had a failed project, now many years ago. Using cyanide and wet tailing was the 2 main reasons; this is not Euro Sun Mining - they are awarded for responsibility and protection - the mining and surrounding areas as well as social commitment.
Government approval, financing from major Gold funds, the Sprott Holdings Group and other high net worth international players - I think all the cards are stacked in our favor. Management is experienced, with 4 mines to production so far. Don`t be left out.
REPEAT - Euro Sun Provides Corporate Update
https://www.barchart.com/story/stocks/quotes/ESM.TO/news/252514/repeat-euro-sun-provides-corporate-update
Robert
Agree on Editor Keith Schaefers view on Euro Sun Mining?
https://oilandgas-investments.com/2019/top-stories/euro-sun-mining-my-gold-stock-of-the-decade-i-could-make-1-million-on-this-stock/
(and/or the presentation on CPNFF website?)
Robert
Fellow traders and investors, if you have bought shares, let your friends etc know about THIS opportunity
Post about Euro Sun on IHub, as much as u want in return of good feedback.
You who are considering the stock; prepare for next week!
Have a good weekend and get ready for the perfect storm.
Estimated Price By Analyst Today: 3 CAD
https://www.barchart.com/stocks/quotes/ESM.TO/analyst-ratings
Hi, pls spread the word if u like it, on the Userboards - and so on
Need moderator assistance, interested?
Investorintel Features Euro Sun Mining.
https://investorintel.com/iintel-members/euro-sun-mining-inc/
http://eurosunmining.com/investors/presentation/
Mining lawyer to join Euro Sun board of directors.
https://www.globalminingreview.com/finance-business/10042019/mining-lawyer-to-join-euro-sun-board-of-directors/
Hi guys, I do a INTRODUCTION:(with all respect to previous posts and the risk of repeating)
Advanced 10 million+ ounce* GOLD and Copper deposit. Measured and indicated) project in the European Union .Developing a large-scale bulk tonnage open pit mine in the mining friendly and safe jurisdiction of Romania, EU-member since 2007. Significant leverage to Gold and Copper prices;
7 million ounces of Gold ( Measured & Indicated )
1.4 Billion lbs of Copper ( Measured & Indicated )
Mining License issued and ratified by Romanian State in
Nov. 2018; valid for 20 years and renewable.
Past-producing region – excellent infrastructure in place :
rail, power, paved access, skilled labour, and town of 13,000
within 5km of the project. Completion of Urbanization Certificate and BFS in 2020
Website and presentation; http://eurosunmining.com/investors/presentation/
Euro Sun Mining to start 10 Mio Ounce Gold Mine 2021!
Just saw a brandnew report on german Goldherz, Potential 1000 to 1500% on the upside
I came to see this board after seeing a post on facebook promoting roman gold. No cash and lots of stock to sell. I cannot wait to get in. ;)
GMP SECURITIES L.P. - NOVEMBER 13, 2018 - TARGET $3.00 CAD
https://gmpsecurities.bluematrix.com/sellside/EmailDocViewer?encrypt=8ffb5f1e-01fb-4f38-b65d-c9600d3116de&mime=PDF&co=Gmpsecurities&id=noauthentication@bluematrix.com&source=libraryView&htmlToPdf=true]GMP%20Securities%20Repot
FOUR (4) EURO PRICE TARGET FOR FRA:OL11 https://www.finanznachrichten.de/nachrichten-2018-11/45253592-euro-sun-mining-inc-rumaenische-regierung-3-015.htm
"Euro Sun could represent an excellent takeover candidate" - Mike Kozak, Cantor Fitzgerald http://www.mining.com/euro-sun-gets-mining-license-rovina-romania/
EURO SUN MINING INC. (TSX:ESM, OTC:CPNFF, FRA:OL11) APPROVED BY ROMANIAN GOVERNMENT
Government Press Release:
gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING INC. (TSX:ESM, OTC:CPNFF, OL11:FRA) APPROVED BY ROMANIAN GOVERNMENT
Government Press Release:
gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING INC. (TSX:ESM, OTC:CPNFF, OL11:FRA) RECEIVES MINING LICENSE APPROVAL
CATCH IT BEFORE THE MARKET OPENS
Government Press Release:
gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING INC. (TSX:ESM, OTC:CPNFF, OL11:FRA) RECEIVES MINING LICENSE APPROVAL
CATCH IT BEFORE THE MARKET OPENS
Government Press Release:
http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING INC. (TSX:ESM, OTC:CPNFF, OL11:FRA) RECEIVES MINING LICENSE APPROVAL
CATCH IT BEFORE THE MARKET OPENS
Government Press Release:
http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING INC. (TSX:ESM, OTC:CPNFF, OL11:FRA) RECEIVES MINING LICENSE APPROVAL
CATCH IT BEFORE THE MARKET OPENS
Government Press Release:
http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING (TSX:ESM, OTC:CPNFF) RECEIVES MINING LICENSE APPROVAL
CATCH IT BEFORE MARKET OPENS
Government Press Release:
http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
APPROVED APPROVED APPROVED APPROVED
EURO SUN MINING (TSX:ESM, OTC:CPNFF) RECEIVES MINING LICENSE APPROVAL
Government Press Release:
http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
This would not reach the Prime Minister's office if subordinate ministers did not approve the project.
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
WE ARE APPROVED.
EURO SUN MINING (TSX:ESM, OTC:CPNFF) RECEIVES MINING LICENSE APPROVAL
Government Press Release:
http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
This would not reach the Prime Minister's office if subordinate ministers did not approve the project.
SAMAX Romania S.R.L. is a wholly owned subisidiary of Euro Sun Mining Inc.
http://eurosunmining.com/rovina-valley-project/project-overview/
FIVE (5) Articles Mentioning Approval:
https://index.hu/kulfold/2018/11/09/engedelyt_kapott_romania_legnagyobb_arany-_es_rezbanyaja/
https://adevarul.ro/locale/hunedoara/cel-mai-mare-zacamant-aur-cupru-romania-primit-unda-verde-rovine-vor-scoate-200-tone-aur-1_5be599f9df52022f754eccd9/index.html
https://www.banatulazi.ro/peste-100-de-tone-de-aur-vor-fi-exploatate-in-hunedoara-guvernul-a-dat-unda-verde/
https://infostart.hu/napinfo/2018/11/09/komoly-deficit-alakult-ki-oktoberben-a-koltsegvetesben-a-nap-hireinek-osszefoglaloja
https://kronika.ro/gazdasag/romania-eddigi-legnagyobb-arany-es-rezbanyajanak-megnyitasat-engedelyezte-a-bukaresti-kormany
WE ARE APPROVED.
MINING LICENSE APPROVED BY THE ROMANIAN GOVERNMENT! http://gov.ro/ro/guvernul/sedinte-guvern/informatie-de-presa-privind-proiectele-de-acte-normative-adoptate-sau-de-care-guvernul-a-luat-act-in-edinta-guvernului-romaniei-din-9-noiembrie-2018
Euro Sun Mining Inc.'s wholly owned subsidiary SAMAX Romania S.R.L. has received final approval for the Rovina permit from the Prime Minister. All that is left is posting in the Monitorul Oficial (Romanian Gazette).
"32. HOTARÂRE privind aprobarea licen?ei de concesiune nr.18.174/2015 a activita?ii miniere de exploatare a minereului de cupru cu con?inut de aur în perimetrul Rovina, jude?ul Hunedoara, încheiata între Agen?ia Na?ionala pentru Resurse Minerale ?i Societatea Comerciala SAMAX ROMÂNIA S.R.L."
Chrome Translation: "32. DECISION on the approval of the concession license no.18.174 / 2015 of the mining activity for copper ore containing gold in the Rovina perimeter, Hunedoara County, concluded between the National Agency for Mineral Resources and the Commercial Company SAMAX ROMANIA SRL"
TORONTO, March 07, 2018 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX:ESM) (“Euro Sun” or the “Company”) is aware that the Secretary General of Government ( “SGG”) for the Government of Romania has published a notice today on their website pertaining to the procedure for ratification of the mining license for the Rovina Valley Project (the “Project”) located in west-central Romania. (http://www.sgg.ro/legislativ/domeniu.php?pagina=0&id=2)
In continuation of the Public Transparency Legislation in Romania, the endorsement procedure outlined was initiated on March 6, 2018. Ratification by the Ministry of Economy, Ministry of Environment, and Ministry of Water and Forests is to be concluded no later than March 9, 2018.
Further re-analysis and ratification will occur by the Ministry of Public Finance no later than March 16, 2018 and March 23, 2018 by the Ministry of Justice.
G. Scott Moore, President and CEO of Euro Sun states: “We are pleased to see the continued progress on our mining license and continued process transparency by the Romania Government.”
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second largest gold deposit in Europe.
Further information:
Investor Relations at info@eurosunmining.com or +1 416.309.4299.
Caution regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.eurosunmining.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
Primary Logo
CPNFF one for 18.164 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Carpathian Gold Inc. changed to Euro Sun Mining Inc.:
http://otce.finra.org/DLSymbolNameChanges
What's the name?
The other board is in Canadian Dollars.
Yeah.... i have posted on the other board.... thats suppose to be Carpathian.... but there are Calpine posters there...odd.... also this board is the US pricing
Calpine is also CPN and there isn't a board for Carpathian Gold CNSX:CPN
People must have been confused.
Ok.... found it....
I acnt seem to find the right board???.... it say carpathian but has messages for calpine??
Yup.... great things finally going on..... once we get PEA and announcement if permit, this IS going to a dollar....and fast....holdon the sun is about to shine real bright....get you shades ready!
I'm here.
Looks like Carpathian is finally righting the ship.
$CPN
Production numbers dont seem to add up
Looking at the figures reported for gold production im confused in establishing the production history ...some of the numbers provided by the company state different totals for different milestones (im just looking at gold ) using only the company's news release. Can anyone help?
On January 7,2014 they stated they produced the first 10.1 kg bar or 356 oz
On April 25th they said yr to date production was 3055 oz
On August 7th they said in May they produced 3279 oz
On August 7th they said the yr to date production to June 30 was 10,671 oz
On August 8th they reported the bank was invoking a production shortage payment in this NR production to June 30th is stated as 8,168 oz
At the AGM August 12 they said July production was 6,375 oz
On August 14th they said the yr to date production was 19,999 oz
Several things come to mind with reference to the production figures referenced in the News Releases (NR)
If we add production to end of june to july production 10671+6375 and subtract that from the yr to date production of August 14th 19999 we are left with the production for August up to the 14th 2953 oz ...this of course on the face suggests slower production for August than July or some other factor at play
The August 7th NR states total production to June 30th as 10671 on August 8th a NR states total production to June 30th as 8,168 oz requiring a payment of $27,549,600 to the bank as production was only 91.8% of the 100,000 expected.
Can anyone reconcile these numbers...?
Im also posting this to a US board as this trades as CPNFF in the US perhaps traders there have some ideas
Btw trading volume on the tsx trading symbol CPN is 1.5 million avg
Here's a gold producer trading at 3 cents heres the valuation http://www.stockhouse.com/companies/bullboard/t.cpn/carpathian-gold-inc/2?postid=22709108
Should open with huge gains
APO Reinstated for the RDM Gold Project, Brazil
Read more at http://www.stockhouse.com/companies/bullboard/t.cpn/carpathian-gold-inc#CHr0wdjh0ESggv4o.99
This one looks ready for a reawakening the cleanup is almost done and suspension should be lifted soon
Any thoughts ?
$CPNFF - $CPN.TO - Carpathian Gold Inc. Closes Second Tranche of Private Placement
http://www.carpathiangold.com/news/press-releases/press-release-details/2013/Carpathian-Gold-Inc-Closes-Second-Tranche-of-Private-Placement/default.aspx
TORONTO, ONTARIO--(Marketwired - Sept. 5, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Further to its news release dated August 29, 2013, Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") is pleased to announce the closing of the second tranche of its previously announced bought deal private placement of common shares at a price of $0.14 per share. Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd. acted as underwriters. Today, the Corporation issued a total of 80,878,571 common shares for gross proceeds of approximately $11,323,000. In total, the Corporation issued an aggregate of 138,750,000 common shares under both tranches of the private placement for aggregate gross proceeds of $19,425,000. The private placement is subject to final acceptance by the Toronto Stock Exchange.
The net proceeds of the private placement will be used by the Corporation for working capital purposes in Brazil.
These securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Carpathian
Carpathian is an exploration and development company whose primary business interest is developing near-term gold production on its 100% owned Riacho dos Machados ("RDM") Gold Project in Brazil, which is currently focused on construction, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project ("RVP") located in Romania.
On a company wide basis, Carpathian currently hosts NI 43-101 proven plus probable reserves of 830,200 ounces of gold (proven reserves of 2,300 Kt at 1.30 g/t Au and probable reserves of 18,500 Kt at 1.23 g/t Au) and NI 43-101 mineral resources (inclusive of reserves) of approximately 8.1 million ounces of gold in the measured plus indicated categories (RVP: 405.9 million tonnes at 0.55 g/t Au for 7.19 million ounces, RDM: 19.36 million tonnes at 1.50 g/t Au for 0.936 million ounces) and approximately 0.9 million ounces of gold in the inferred category (RVP: 26.8 million tonnes at 0.38 g/t Au for 0.33 million ounces, RDM; 9.447 million tonnes at 1.93 g/t Au for 0.587 million ounces), as well as 1.4 billion pounds of copper in the measured plus indicated category (RVP: 405.9 million tonnes at 0.16% Cu) and 97.0 million pounds of copper in the inferred category (RVP: 26.8 million tonnes at 0.16% Cu) (see press releases dated July 17, 2012 and April 6, 2011 for further details on resources and reserves).
The RDM Gold Project is targeted to produce in the order of +/-100,000 ounces of gold per annum with an anticipated goal for the commencement of production in the second half of 2013. The Rovina Valley Project will enhance Carpathian's growth profile as a mid-tier gold producer.
Mr. Dino Titaro is the qualified person (as defined in National Instrument 43-101) and is responsible for preparing the technical information contained in this news release.
$CPNFF - $CPN.TO - Carpathian Gold Inc. Closes First Tranche of Private Placement
http://www.carpathiangold.com/news/press-releases/press-release-details/2013/Carpathian-Gold-Inc-Closes-First-Tranche-of-Private-Placement/default.aspx
TORONTO, ONTARIO--(Marketwired - Aug. 29, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") is pleased to announce the closing of the first tranche of its previously announced bought deal private placement of common shares at a price of $0.14 per share. Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd. acted as underwriters. The Corporation issued a total of 57,871,429 common shares for gross proceeds of $8,102,000. The second tranche of the private placement is scheduled to close on or about September 5, 2013 and remains subject to final acceptance by the Toronto Stock Exchange.
The net proceeds of the private placement will be used for working capital purposes in Brazil.
These securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Carpathian
Carpathian is an exploration and development company whose primary business interest is developing near-term gold production on its 100% owned Riacho dos Machados ("RDM") Gold Project in Brazil, which is currently focused on construction, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project ("RVP") located in Romania.
On a company wide basis, Carpathian currently hosts NI 43-101 proven plus probable reserves of 830,200 ounces of gold (proven reserves of 2,300 Kt at 1.30 g/t Au and probable reserves of 18,500 Kt at 1.23 g/t Au) and NI 43-101 mineral resources (inclusive of reserves) of approximately 8.1 million ounces of gold in the measured plus indicated categories (RVP: 405.9 million tonnes at 0.55 g/t Au for 7.19 million ounces, RDM: 19.36 million tonnes at 1.50 g/t Au for 0.936 million ounces) and approximately 0.9 million ounces of gold in the inferred category (RVP: 26.8 million tonnes at 0.38 g/t Au for 0.33 million ounces, RDM; 9.447 million tonnes at 1.93 g/t Au for 0.587 million ounces), as well as 1.4 billion pounds of copper in the measured plus indicated category (RVP: 405.9 million tonnes at 0.16% Cu) and 97.0 million pounds of copper in the inferred category (RVP: 26.8 million tonnes at 0.16% Cu) (see press releases dated July 17, 2012 and April 6, 2011 for further details on resources and reserves).
The RDM Gold Project is targeted to produce in the order of +/-100,000 ounces of gold per annum with an anticipated goal for the commencement of production in the second half of 2013. The Rovina Valley Project will enhance Carpathian's growth profile as a mid-tier gold producer.
Mr. Dino Titaro is the qualified person (as defined in National Instrument 43-101) and is responsible for preparing the technical information contained in this news release.
$CPNFF - $CPN.TO - Carpathian Reports RDM Project Now Over 80% Completed With Gold Production Expected by the End of the 3rd Quarter, 2013
http://www.carpathiangold.com/news/press-releases/press-release-details/2013/Carpathian-Reports-RDM-Project-Now-Over-80-Completed-With-Gold-Production-Expected-by-the-End-of-the-3rd-Quarter-2013/default.aspx
TORONTO, ONTARIO--(Marketwired - June 4, 2013) - Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") is pleased to provide an update on its progress towards completion of its wholly owned Riacho dos Machados Gold Project ("RDM" or "Project") located in the state of Minas Gerais, Brazil. A video that shows the development of the Project as of the end of April is available on the Corporation's website at www.carpathiangold.com.
Project Construction and Development
Development of the Project remains on schedule for gold production, expected to commence by the end of the 3rd quarter of 2013.
The Project will produce approximately 100,000 ounces of gold on an annualized basis for an initial period of +8 years.
As of the end of May, the construction and development of the project is approximately 82% complete with a peak work force of approximately 1,300 people. To date there has been approximately 2.0 million man-hours of work on the Project with no loss time injuries.
The Project will treat 7,000 t/d of ore from an open pit operation utilizing a standard crush, grind, CIL and ADR processing facility. The extraction rate of the mine for the combined waste plus ore will be about 2.1 million tones per month.
The gold production line (crushing to smelting) is well advanced with crushers running and being commissioned.
Two new reverse circulation drill rigs dedicated for ore control and short-term mine planning are in operation for use for grade control procedures. Ore is currently being stockpiled for the start-up of the process plant.
Waste removal is progressing at full capacity and stockpiling of waste is within the planned Project schedule.
The tailing dam and impoundment area construction is nearing completion and will be ready to receive water for the operation this month.
The assay laboratory is fully functioning and treating approximately 250 samples per day for ore grade control purposes.
"This is an exciting time for Carpathian as the RDM Project is now nearing its scheduled completion of construction in order to commence gold production and be the next gold producer in Brazil", said Chairman and CEO, Mr. Dino Titaro. "We commenced grubbing and clearing of the site less than 11 months ago with expected gold production by the end of the third quarter of this year. The mine building and operating experience of our on-site management team and our employees and contractors has allowed us, to date, to progress the Project on schedule within a short construction time line."
"While the price of gold has significantly declined over the past few months and is currently meeting resistance at the $1,400 level, we are fortunate that the Project was designed using a $950 gold price and that we had entered into protective measures for the Project, including the selling forward of approximately 216,000 ounces of gold at $1,600 per ounce. We also have a loan facility arrangement with Macquarie Bank for US $90 million to build the Project and to date we have only drawn down approximately $62.5 million dollars with the scope to scope project budget remaining on track".
When the Project is in its initial production phases, the Corporation will provide guidance as to the gold production forecast for 2013 and its forecasted cash cost and total cash cost. On an annualized basis, it is expected that the total cash cost for the project will be below industry average.
Further details on the Corporation and a video link on the development progress of the RDM construction can be found on www.carpathiangold.com.
Mr. Titaro is the qualified person (as defined in National Instrument 43-101) overseeing the design and implementation of the present exploration programs. He is responsible for preparing the technical information contained in this news release.
About Carpathian
Carpathian is an exploration and development company whose primary business interest is developing near-term gold production on its 100% owned Riacho dos Machados ("RDM") Gold Project in Brazil, which is currently focused on construction, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project ("RVP") located in Romania.
On a company wide basis, Carpathian currently hosts NI 43-101 proven plus probable reserves of 830,200 ounces of gold (proven reserves of 2,300 Kt at 1.30 g/t Au and probable reserves of 18,500 Kt at 1.23 g/t Au) and NI 43-101 mineral resources (inclusive of reserves) of approximately 8.1 million ounces of gold in the measured plus indicated categories (RVP: 405.9 million tonnes at 0.55 g/t Au for 7.19 million ounces, RDM: 19.36 million tonnes at 1.50 g/t Au for 0.936 million ounces) and approximately 0.9 million ounces of gold in the inferred category (RVP: 26.8 million tones at 0.38 g/t Au for 0.33 million ounces, RDM; 9.447 million tones at 1.93 g/t Au for 0.587 million ounces), as well as 1.4 billion pounds of copper in the measured plus indicated category (RVP: 405.9 million tones at 0.16% Cu) and 97.0 million pounds of copper in the inferred category (RVP: 26.8 million tonnes at 0.16% Cu) (see press releases dated July 17, 2012 and April 6, 2011 for further details on resources and reserves).
The RDM Gold Project is targeted to produce in the order of +/-100,000 ounces of gold per annum with an anticipated goal for the commencement of production in the second half of 2013. The Rovina Valley Project will enhance Carpathians growth profile as a mid-tier gold producer.
Mr. Titaro is the qualified person (as defined in National Instrument 43-101) and is responsible for preparing the technical information contained in this news release.
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