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Fiore Gold (FIOGF)

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Last Post: 7/22/2019 12:14:45 PM - Followers: 14 - Board type: Free - Posts Today: 0

New message board for Gold Producer FIOGF

Fiore Gold to Reach $1.63-$1.67 by Year-End!

see full report TONS OF INFO in this report


Share Structure

Market Cap                 $36,780,351    07/02/2019

Authorized Shares     Unlimited       04/15/2019
Outstanding Shares   97,716,128     12/31/2018
Fully Diluted               99,304,000

Fiore Gold Ltd.Management’s Discussion and Analysis
For the three and six months ended
March 31, 2019

The report is dated as of May16, 2019.All referencesto the Company include its subsidiaries unless the context requires otherwise.OVERVIEWFiore Gold is a growing gold producer, developer and explorer focused on precious metal projects in the United States and Chile. Fiore operates the Fiore Gold Pan Mine (“Pan”), an open pit, heap leach mine in White Pine County, Nevada. The nearby Gold Rockproject is a federally permitted advanced stage exploration gold project and the Golden Eagle project in Washington State is an exploratory stage project with significant identified gold mineralization. Cerro Tostado and Río Loa are early stage exploration projects located in northern Chile. The mining and exploration properties located in Nevada and Washington were acquired on May 17, 2016 and the Chilean properties were acquired through the Arrangement Agreement with Fiore Exploration Ltd. on September 25, 2017. With a 17% increase in revenue over Q1 2019 and 22% over Q2 2018, the second quarter of 2019 proved to be the Company’s highest revenue generating quarter to date. Q2 2019 also representedourhighest quarter to date forgold ounce production and gold ounces sold while being the fifthconsecutive quarter of gold production above 8,500 ouncesand third out of the last five quarters of gold production above 9,500 ounces. Earnings from operations of $2.55 million wasalso a record for the Company. We continued to improve on our Fiore consolidated all-in sustaining costs (“AISC”)1, while the Pan Mine AISC1increased 2% from the prior quarter. Our ore mining rate of 13,211tons per day (“tpd”)fell behind our targeted 14,000 tpd. Total ore and waste movement averaged34,782 total tpd, resulting in an increased stripping ratio of 1.6:1.0.Installation of a primary crushing circuitat the Pan Mine is ongoingand remains on trackto be operational by the end ofcalendar Q2 2019.Capital requirements for the crushing circuit, which total approximately $3.5 million, will beprovidedin part from a $2.3 million finance lease secured with First National Capital, LLC.The Company released a Pan Mine Reserve update subsequent to quarter end (see News Release dated April 9th, 2019) which was carried out by SRK Consulting (US),Inc.(“SRK”). The updated reserve included the approximate 28,730 feet of reverse circulation drilling carried out during 2018. Details of the Pan Mine Reserve are shown below within the Pan Property discussion.Our vision is to enhance the value of the Company to shareholders by improving our profitability and return on investment, maintaining a strong balance sheet position and increasing cash flows from operations. Our strategy to enhance the value of the Company is to grow Fiore Gold into a 150,000 ounce per year gold producer.

To achieve this, we intend to:

grow gold production at the Pan Mine while increasing the resource and reserve base;
advance exploration and development of the nearby federally permitted GoldRock project; and
acquire additional production or near-production assets to complement our existing operations.
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#72  Sticky Note Fiore Gold to Reach $1.63-$1.67 by Year-End! ThSeeker 07/01/19 01:41:03 PM
#142   Me too. And our day will come... ThSeeker 07/22/19 12:14:45 PM
#141   I am loaded. Pan_O_War 07/22/19 10:35:26 AM
#140   8. NIA predicts that Fiore Gold will more ThSeeker 07/22/19 08:38:46 AM
#139   Alert from yesterday! Let’s go!! NIA first announced Fiore dawsons creek 07/22/19 08:06:34 AM
#138   Close enough. I was hoping for more run ThSeeker 07/19/19 04:05:44 PM
#137   I like the consolidation - content with it Pan_O_War 07/19/19 04:04:42 PM
#136   Hopefully we will close green today! dawsons creek 07/19/19 03:46:02 PM
#135   FIOGF looking strong. Pan_O_War 07/19/19 10:22:40 AM
#134   Gold climbing again, let’s break new 52 week dawsons creek 07/19/19 07:01:21 AM
#133   Agreed dawsons creek 07/18/19 05:03:50 PM
#132   Yeah - new base building in the .40s Pan_O_War 07/18/19 04:11:52 PM
#131   Surprised to see some profit taking? But good ThSeeker 07/18/19 04:01:56 PM
#130   Yeah - Gold at new 6 year highs today! Pan_O_War 07/18/19 03:54:52 PM
#129   Added more this morning. Slowly getting a solid ashy2classy 07/18/19 03:13:08 PM
#128   Go here and listen to link. ThSeeker 07/17/19 07:16:03 PM
#127   Hello. I’ll have to do some DD. But J_Dean 07/17/19 06:37:16 PM
#126   52 week high and great volume!! dawsons creek 07/17/19 04:20:47 PM
#125   Added to FIOGF today. Pan_O_War 07/17/19 02:07:49 PM
#124   You know what, ssvff, sounded familiar to me. dawsons creek 07/17/19 01:31:59 PM
#123   Will check out, thx dawsons creek 07/17/19 01:18:19 PM
#122   Consider SSVFF too. It will be ThSeeker 07/17/19 01:11:40 PM
#121   Volume 147.3, nice! dawsons creek 07/17/19 12:55:33 PM
#120   Agreed. Not that they are needed but NIA dawsons creek 07/17/19 09:52:14 AM
#119   Now $.40 USD. But very low volume. ThSeeker 07/17/19 09:41:28 AM
#118   Good morning, VERY early but we hit a new dawsons creek 07/17/19 09:34:24 AM
#117   Sweet. Gonna be very exciting owning this ThSeeker 07/16/19 04:17:17 PM
#116   Nice close and 100K volume! dawsons creek 07/16/19 04:02:38 PM
#115   Love this, they keep doing what they are dawsons creek 07/16/19 12:21:19 PM
#114   Agreed - glad to be on-board! Pan_O_War 07/16/19 11:45:49 AM
#113   I believe that Fiore's NEWS / Progress ThSeeker 07/16/19 11:17:17 AM
#112   Slow accumulation in process. NEWS ThSeeker 07/16/19 11:04:41 AM
#111   Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: ThSeeker 07/16/19 11:02:43 AM
#110   FIOGF at Gold Conference 7.17 + 18: https://www.redcloudfs.com/july-gold-co Pan_O_War 07/16/19 10:59:22 AM
#109   Management’s Discussion and Analysis of FIORE GOLD LTD. ThSeeker 07/11/19 09:55:14 PM
#108   Interesting read: https://www.kitco.com/news/2019-07-11/Gold-Prices-Well-Su Pan_O_War 07/11/19 05:01:05 PM
#107   One of main reasons this is a relatively ThSeeker 07/11/19 08:34:14 AM
#106   Fiore Gold Begins Drilling Program at Gold Rock Pan_O_War 07/11/19 03:01:05 AM
#105   Primary Crushing Unit up and running at Pan. Pan_O_War 07/11/19 02:59:31 AM
#104   Yes - Gold rally continues! Pan_O_War 07/10/19 11:57:04 AM
#103   The fed chairman’s comments have been good for dawsons creek 07/10/19 10:07:14 AM
#102   I followed you here too - looks good. GLTA! Pan_O_War 07/09/19 03:56:23 PM
#101   I’ve got 25,000. Not nearly yours, but that dawsons creek 07/09/19 03:36:26 PM
#100   Now hold 100,000 shares. Locked and loaded. ThSeeker 07/09/19 03:30:29 PM
#99   Seeker shared that one with me as well dawsons creek 07/09/19 03:29:18 PM
#98   Waiting for my transfer to settle then I douginil 07/09/19 03:26:44 PM
#97   Took a small position today. Pan_O_War 07/09/19 01:43:29 PM
#96   Cool dawsons creek 07/09/19 12:16:35 PM
#95   I follow K92 with Seeker and he(?) recommended ashy2classy 07/09/19 12:11:08 PM
#94   Glad to have you aboard. Issue we are dawsons creek 07/09/19 11:56:02 AM
#93   Welcome aboard. I believe by year end we ThSeeker 07/09/19 11:38:26 AM