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Elevation Gold produces gold/silver in Arizona
and has prospects in Nevada.
Just closed a bought deal at 53c.CAD
BUT, IS TRADING BELOW 40c USD.
Elevation Gold Mining V.ELVT
Alternate Symbol(s): NTVMF | V.ELVT.W | EVGDF
New Galane article by @Larry Hall https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects
Here is my comment:
I have a large position and have bot more in the .10s in last two days.
What excites me is currently Galane is a 4 PE gold miner (trailing 12 months), but gold is much higher now and the Mupane Mine related debt (vast majority) is going away with its sale. At the same time the Galaxy ore body at the Galaxy Mine has just in Dec gone into production, and is much lower AISC. So profits will go way up at the same time that debt goes way down. Debt is the main thing that is holding Galane back both stock wise and funding Summit wise. The main gem Galane owns is the Galaxy mine, millions of gold oz resources.
Yet all this for just $38 million market Cap! In the future they can be making more than $38 million profit a year with Galaxy and Summit going, two low ASIC mines. The Galaxy mill which is quite new is way bigger than the current mining rate. Obviously they plan to grow Galaxy Mine production. As this mine cross section shows https://static.seekingalpha.com/uploads/2021/10/10/535947-16338709121900315_origin.png they have vein after vein there with tunnel access to all and are just mining one vein now. BTW that project just into production had a 1,000%+ IRR, the highest have ever seen.
Their neighboring mine has found that the deeper they go the higher the gold grade becomes. Galaxy has just been mined for decades on the easy upper parts of those veins. All the veins are open downward, and they are very wide veins.
Galane may have 5 million oz of gold at Galaxy alone, it has not yet been drilled deeper. I suggest readers read Galane's newest presentation and watch video interviews they have done. https://www.galanegold.com/_resources/presentations/corporate-presentation.pdf
https://vimeo.com/340191652?embedded=true&source=vimeo_logo&owner=392495
CRUX interview
I agree, $2200 could happen in weeks
$Geodan HYPERINFLATION ALERT: Expect A Surge To $2,200 Near Term As Soaring Inflation Cripples Economies
March 23, 2022
https://kingworldnews.com/hyperinflation-alert-expect-a-surge-to-2200-near-term-as-soaring-inflation-cripples-economies/
$Gold Is The Only Truly Safe Holding, Plus This Will Be Extremely Bullish For Silver
March 16, 2022
https://kingworldnews.com/gold-is-the-only-truly-safe-holding-plus-this-will-be-extremely-bullish-for-silver/
$GCM Mining Provides Production Update; Declares April 15, 2022 Monthly Dividend; Announces 2021 Fourth Quarter and Year End Results Webcast
March 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCMMining-Provides-Production-Update-Declares-April-15-2022-Monthly-Dividend-Announces-2021-Fourth-Quarter-and-Year-End-Results-Webcast/default.aspx
TORONTO, March 15, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 17,184 ounces of gold in February 2022, up from 15,360 ounces of gold in February last year. This brings the total gold production for the first two months of 2022 to 33,658 ounces, up from 30,415 ounces in the first two months last year. Segovia’s trailing 12-months’ total gold production at the end of February 2022 was 209,632 ounces, up about 1.6% over last year.
GCM Mining processed a total of 48,512 tonnes in February 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,733 tonnes per day (“tpd”), compared with 42,345 tonnes and 1,512 tpd in February 2021. Segovia’s head grades averaged 12.2 g/t in February 2022 compared with 12.5 g/t in February last year. For the first two months of 2022, a total of 90,527 tonnes were processed at Segovia at an average head grade of 12.8 g/t compared with a total of 83,771 tonnes at an average head grade of 12.6 g/t in the first two months last year.
The Company continued to operate the new 200 tpd polymetallic plant at Segovia in test mode in February, processing an average of approximately 98 tpd of tailings resulting in the production of approximately 110 tonnes of zinc concentrate and approximately 86 tonnes of lead concentrate which have been stockpiled and are awaiting shipment once contractual agreements are finalized for the sale of the concentrates. Payable production from the concentrates in February 2022 is estimated to total approximately 91,000 pounds of zinc, 100,000 pounds of lead, 8,000 ounces of silver and less than 50 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped.
Monthly Dividend Declaration
GCM Mining announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on April 15, 2022 to shareholders of record as of the close of business on March 31, 2022.
2021 Fourth Quarter and Year End Results Webcast
GCM Mining announced today that it will release its fourth quarter and annual results for 2021 after market close on Thursday, March 31, 2022 and will host a conference call and webcast on Friday, April 1, 2022 at 9:00 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/mmc/p/rizkrutc
Canada/ International Toll: 1 (647) 484-8332 PIN: 21424747#
Canada Toll Free: 1 (866) 455-3403 PIN: 21424747#
United States Toll: 1 (404) 400-0571 PIN: 21424747#
United States Toll Free: 1 (866) 374-5140 PIN: 21424747#
Colombia Toll: +57 601 485-0348 PIN: 21424747#
Conference ID: EV00133198
A replay of the webcast will be available at www.gcm-mining.com from Friday, April 1, 2022 until Friday, April 29, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (27%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information"----differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCMMining-Provides-Production-Update-Declares-April-15-2022-Monthly-Dividend-Announces-2021-Fourth-Quarter-and-Year-End-Results-Webcast/default.aspx
Source: GCM Mining Corp.
View All News
$Sanctions against Russia threaten London gold and silver markets, Maguire says
9:16a ET Saturday, March 12, 2022
Dear Friend of GATA and Gold:
Russia, like China, has much more official gold than it has reported and
the two nations are considering using the "nuclear option" against the
petrodollar, London gold trader Andrew Maguire claims in his weekly
interview with Shane Morand for Kinesis Money.
That is, Maguire says, Russia would demand gold as payment for its oil
exports.
Further, Maguire says, the Bank of Russia's increasing acquisition of
domestically produced gold will reduce supply on the international
market, just as economic sanctions against Russia will reduce supply of
Russian silver to the London market.
The interruption of Russian silver supply to London, Maguire says, is
already imperiling silver delivery commitments and silver derivatives,
raising the threat of defaults.
Maguire's interview with Morand is 37 minutes long and can be viewed at
YouTube here:
https://www.youtube.com/watch?v=JJ0XM8fufOQ
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
$They’re Lying, Inflation Is Out Of Control And It’s Bullish For Gold & Silver
February 10, 2022
https://kingworldnews.com/theyre-lying-inflation-is-out-of-control-and-its-bullish-for-gold-silver/
$Expert Says GOLD Could Hit $100,000 Soon!! (Here's How)
78,050 views Mar 8, 2022
https://www.youtube.com/watch?v=35x8N7Va8zg
$gedan Let's Roll Very Nice NR about Floatation Plant
ORIGINAL: Monument Announces Ground-breaking Ceremony Held at Selinsing For Flotation Construction in Malaysia
2022-03-09 09:30 ET - News Release
VANCOUVER, British Columbia, March 09, 2022 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to report the progress of the flotation plant at the Selinsing Gold Mine in Malaysia, and to announce that a ground-breaking ceremony (Figure 1) has been held at the mine site to herald the return of the principal contractor Seong Henng Engineering Works Sdn Bhd ("Seong Henng") to carry out the construction of the flotation plant.
President and CEO Cathy Zhai commented, "We are very happy to report the progress of the flotation plant construction at Selinsing; our on-site team is managing the project and is overseeing the principal contractor Seong Henng. Together we are working to complete the construction of the flotation plant to a high standard, safely, diligently, on time and on budget ready for dry commissioning at the end of June 2022."
Figure 1: Ground-breaking Ceremony Ribbon Cutting at Selinsing Gold Mine is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2093b803-17fa-495e-9167-279f895ed6c6
Charlie Northfield, General Manager and the project sponsor at the Selinsing Gold Mine commented: "It is a great pleasure to see the return of Seong Henng, our long-standing principal contractor partner, to play a major role in the construction of the flotation plant. Seong Henng is a local Malaysia-based manufacturing Company, and had historically constructed the Selinsing Gold plant and its expansion successfully."
The flotation plant construction includes project management, project validation, flotation design and engineering, procurement, construction and commissioning. The flotation plant construction project is 50% complete to date.
Detailed Engineering Design
Mincore Pty Ltd. ("Mincore") previously completed the detailed engineering design and has now finalized the 3D model of the new flotation processing plant with provision for the future addition of the BIOX(TM) plant and ancillary works (Figure 2).
Figure 2: Finalized 3D Model of Sulphide Flotation Circuit Addition to Selinsing Gold Plant is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af324d08-9757-45c0-8959-aec4cc231596
Procurement
The contract for the supply of flotation cells was awarded to BGRIMM Machinery and Technology Co Ltd of Beijing, China. Manufacture of the flotation cells has been completed and the factory acceptance tests were successfully carried out on January 25th-26th, 2022. Packing is in progress and the shipment is due to depart Tianjin on March 15th, 2022.
Metso Outotec Corporation of Finland is supplying the flotation concentrate and water recovery thickeners. Fabrication work and parts procurement has commenced. Trial assembly is scheduled for April 12th, 2022 and the thickeners are scheduled to be delivered to site in May / June 2022. The thickeners are of segmented / bolted design to allow for rapid assembly once received on site, as time will be short to complete the installation on time.
The flotation concentrate filter press is being supplied by McLanahan Corporation of Pennsylvania, USA ("McLanahan"). All equipment parts are on order and fabrication is underway with expected completion in March 2022. The filter press assembly is due for completion on April 7th, shipping on April 12th and delivery to site in May/June 2022.
Other equipment that is contracted out includes but not limited to: Slurry pumps with 50% complete and shipment is scheduled for May 9th, 2022, the Afromix agitators have been completed and are expected to arrive in Port Klang, Malaysia on March 28th, 2022. The flotation air blowers and compressor were ordered and are in progress with 30% completion, with delivery scheduled for May 27th, 2022. The contract to design, manufacture, deliver and commission the containerized MCC switch room was awarded with delivery is expected on May 13th, 2022. Purchase orders were also issued for the concentrate sampler and the helical rotor reagent pumps; manufacturing was in progress for both orders. Manufacturing of 11kV / 415V transformer was reported as 100% complete.
Major Construction Contractor Engagement
The dedicated project team is complete and comprises the project manager, assistant project manager, lead engineer, senior engineer, electrical engineer, procurement engineer and clerk of works. The project team oversee the construction work.
Seong Henng has been appointed as the principal contractor. They previously carried out construction work to build and expand Selinsing gold processing plant over the past 10 years. They refurbished and commissioned the CITIC ball mill as part of the first phase gravity-only process plant in 2009; built and commissioned the second phase carbon in leach circuit subsequently in 2010; and constructed/commissioned a new CITIC ball mill and three new leach tanks in 2012 for the third phase plant expansion. Seong Henng received the Letter of Award with a commencement date of January 12th, 2022, a contract period of six months and a completion date of July 7th, 2022.
R&D Work
The completed pilot plant comprises ball mill and classifier, rougher / scavenger flotation cells and three stages of cleaner flotation. (Figure 3). A one tonne sample of transition ore was crushed in the laboratory fine jaw crusher to 100% passing 2mm to provide feed for the pilot plant ball mill. The sample was processed using the same reagent regime planned for the full-scale plant. A total of 50kg of flotation concentrate was produced and a sample of this was sent to McLanahan for filter press testwork. Antimony leaching tests were conducted to support gold concentrates marketing efforts.
Figure 3: Flotation Pilot Plant is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e4e3edb-1d0a-4230-8190-25405da06139
Civil Foundation Work
Seong Henng mobilized to site on January 22nd, 2022 and commenced delivery of reinforcing steel (rebar), bar bending equipment, formwork, HDPE piping and fusion machine. Temporary benchmarks were set out for survey tie-in.
Civil foundation work is progressing with the construction of the retaining wall extension. Final excavations were completed, rebar and formwork were installed, and the first concrete pour was carried out on February 17th, 2022 (Figure 4). The retaining wall extension is 50% complete to date. Work in this area will continue in parallel with the new reagents mixing building foundations, followed by civil works for the concentrate and water recovery thickeners, reagents warehouse and the filter press building. Fabrication of structural steel and tanks is ongoing at Seong Henng's workshop.
Figure 4: First Concrete Pour at Flotation Foundation is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db3adc6e-9ec9-46e8-9e99-3b201080fad4
Other contractors working on the construction site have: rerouted the HV power cables to the primary and secondary ball mills, connected power and communications cables to the project office, carried out plate bearing tests over the plant footprint, and tested soil resistivity for the new transformer.
Transition to Flotation
Dry commissioning of the new flotation plant and associated equipment is scheduled to start from June 1st, 2022 onwards. The CIL plant will continue operation until June 30th, 2022. Tie-in and wet commissioning of the flotation plant will commence on July 1st, 2022 and continue to July 14th, 2022. Ore commissioning is expected to start on July 15th, 2022. The gold remaining in circuit will be recovered by emptying the leach and CIL tanks of slurry and bagging the harvested carbon for subsequent elution. The elution circuit will continue to operate for around a month after the CIL plant shutdown.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
There is no doubt that we have a first class crew at Selinsing
and these new pics shows just how quickly the Floatation plant is
proceeding towards full completion and commissioning right on schedule .
Its production initiation will be the rebirth of Selinsing as a significant gold producer,,
$New Pictures
https://monumentmining.com/news-media/photo-gallery/
What’s Next After Gold’s Massive Breakout?
February 18, 2022
https://kingworldnews.com/whats-next-after-golds-massive-breakout/
$bigone Thanks Great; I’m like others this can triple easy.
I have a strong feeling gold going up with rates, why, most smart money
is getting in, Basil 3 is working, open shorts are closing as we climb,
it’s time. )
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
SPROTT: This Is Why Gold Will Break Out To Higher Levels
February 08, 2022
https://kingworldnews.com/sprott-this-is-why-gold-will-break-out-to-higher-levels/
80% OF All US Dollars In Existence Have Been Printed In Just The Past Two Years
January 20, 2022
https://thewashingtonstandard.com/80-of-all-us-dollars-in-existence-have-been-printed-in-just-the-past-two-years/
$THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
GoldSpot article out.https://ceo.ca/@sustainabedude/goldspot-discoveries-gets-paid-to-receive-mining-royalties-a-revolutionary-business-model
Goldspot Discoveries Gets Paid To Receive Mining Royalties - A Revolutionary Business Model
Snip: They are backed by the high-profile names in the industry, among which are Eric Sprott (holds a 20% stake), Pallisades Goldcorp and Triple Flag Mining. The current market cap is around $105M cad. All that while revenues and investment gains are expected to increase multifold over the next few years. Morningstar says Return on Equity is an astounding 80% in the last full reported year (2020). The Allen EV/EBITDA is about 3 and the PE Ratio of GoldSpot is about 4 on UncleStock.
NYBob, TPRFF will do great as a stock, already has as a company
$GOLDAU Thanks; Michael Oliver – We Are On The Face Of A Move That Is
So Dramatic For Gold & Silver That It Erases Any Prior Bull Moves In
Terms Of Dynamics And Percentages
March 05, 2022
https://kingworldnews.com/michael-oliver-we-are-on-the-face-of-a-move-that-is-so-dramatic-for-gold-silver-that-it-erases-any-prior-bull-moves/
$GCM Mining - Red Cloud 2022 Pre-PDAC Mining Showcase
26 views Mar 3, 2022
https://www.youtube.com/watch?v=W7MBFXFBke8&t=29s
$Gold bargain TIA; I’m like others this can triple easy. Gold outperforms
stocks and bonds as traders seek haven assets
By Neil Hume
Financial Times, London
Saturday, February 18, 2022
Gold has made a positive start to the year, outperforming bonds and
equities as skittish investors scour the market
for safe places to park cash.
The metal, used by investors as a store of value in times of stress,
has climbed more than 5% this month and broken above $1,900 a troy
ounce on Friday.
"The potential for a [inflation-induced] monetary policy error and
elevated recession risks are providing support," said Citigroup
analyst Aakash Doshi, who thinks the yellow metal could
hit $1,950 over the next three months.
Others are more bullish. Goldman Sachs believes gold could top its
August 2020 record of above $2,000.
$Michael Oliver – Expect $8,000 Gold And $240 Silver With Silver To Radically Outperform Gold
February 14, 2022
https://kingworldnews.com/michael-oliver-expect-8000-gold-and-240-silver-with-silver-to-radically-outperform-gold/
$GCM Mining Provides January 2022 Production Update; Declares Monthly Dividend to Be Paid on March 15, 2022
February 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Provides-January-2022-Production-Update-Declares-Monthly-Dividend-to-Be-Paid-on-March-15-2022/default.aspx
TORONTO, Feb. 15, 2022 (GLOBE NEWSWIRE) --
$GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations are continuing to perform as expected in 2022 with gold production of 16,474 ounces of gold in January, up from 15,055 ounces of gold in the month of January 2021.
Segovia’s trailing 12-months’ total gold production at the end of January 2022 was 207,808 ounces, up almost 1% over last year.
GCM Mining processed a total of 42,015 tonnes in January 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,355 tonnes per day (“tpd”), compared with 41,426 tonnes and 1,336 tpd in January 2021. Operating results in January 2022 reflected a scheduled semi-annual four-day plant shutdown for regular maintenance compared with a two-day maintenance shutdown in January 2021.
Taking into consideration the maintenance shutdowns, the Maria Dama plant processed an average of 1,556 tonnes per operating day in January 2022 compared with 1,428 tonnes per operating day in January last year.
Segovia’s head grades averaged 13.5 g/t in January 2022 compared with 12.6 g/t in January last year.
The activities associated with the expansion of the Maria Dama plant from 1500 to 2000 tpd are progressing well and all of the upgrades will be completed by the end of March, except for the expansion of the crushing facility which has been impacted by supply chain delays and is now expected to be completed in the second quarter of 2022.
The new 200 tpd polymetallic plant at Segovia, commissioned in the fourth quarter of 2021, continued to operate in test mode in January, processing an average of approximately 107 tpd of tailings resulting in the production of 81 tonnes of zinc concentrate and 85 tonnes of lead concentrate which have been stockpiled and are awaiting shipment later in the first quarter of 2022.
Payable production from the concentrates is estimated to total approximately 63,000 pounds of zinc, 97,000 pounds of lead, 8,500 ounces of silver and less than 50 ounces of gold.
Actual payable quantities are subject to change and will be finalized once the concentrates are shipped.
GCM Mining continues to expect that the daily processing rate of the polymetallic plant will reach its normal operating capacity in the second quarter of 2022.
GCM Mining will be releasing its 2021 fourth quarter and annual financial results and its 2022 guidance, together with the updated mineral reserve and resource estimates for its Segovia Operations, on or about March 31, 2022. Webcast details will be announced in early March.
Monthly Dividend Declaration
GCM Mining also announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on March 15, 2022 to shareholders of record as of the close of business on February 28, 2022.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining pays a monthly dividend to its shareholders and has equity interests in Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (27%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to completion of the Maria Dama plant expansion, timing to reach normal capacity at the polymetallic plant, the payment of dividends, timing for dissemination of 2021 financial results, 2022 guidance and the updated mineral reserve and resource estimates, and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
Primary Logo
Source: GCM Mining Corp.
$BTV Investor Alert Video - GCM Mining: Largest Producer of Gold in Colombia
T.GCM
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2022) -
$GCM Mining Corp. (TSX: GCM) - The mid-tier Latin American gold and
silver producer is listed on the TSX under the symbol GCM.
If you cannot view the video above, please visit:
https://b-tv.com/gcm-mining-largest-producer-of-gold-in-colombia-btv-investing-news-30sec/
$GCM Mining Corp.is being featured on BNN Bloomberg from Feb 14th to Feb 18th, 2022, during market hours.
$GCM Mining Corp. (TSX: GCM)
https://www.gcm-mining.com/overview/default.aspx
$GCM Mining Moon Patrol - Segovia Operations
Jan 24, 2022
https://www.youtube.com/watch?v=F1Xj-bS8peY&t=3s
Sabre Gold Mines Announces Preliminary Economic Assessment Results for Brewery Creek Gold Project
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD; OTCQB: SGLDF) (the “Company” or “Sabre Gold”) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned, road-accessible Brewery Creek Gold Project located in Yukon Territory, Canada.
All amounts shown are in United States dollars and metric units of measurement unless otherwise Stated.
PEA Highlights:
After-tax NPV at 5% of $112 million at an Internal Rate of Return (“IRR”) of 27.6% at $1,700 per ounce gold increasing to $157 million at an IRR of 35.7% at $1,900 per ounce gold;
After-tax average annual cash flow of $36 million at $1,700 per ounce gold increasing to $44 million at $1,900 per ounce gold
Average Annual Production of 60,000 ounces per year for a total 473,000 ounces gold over an initial 8 year mine life;
Total cash cost of $850 per ounce and all-in sustaining cost (“AISC”) US$966 per ounce gold;
Pre-production capital costs of $105 million with life of mine sustaining costs of $18 million;
Payback period of 2.6 years at $1,700 per ounce gold;
Excellent expansion potential to extend mine life and annual production with three open prospective resource areas and several targets within a 182 square kilometers project boundary; and,
Lower technical and execution risk as a past brownfields producer with existing infrastructure and road access from previous mining operation.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1254-tsx/sgld/114126-sabre-gold-announces-preliminary-economic-assessment-results.html
For further information please contact:
Sabre Gold Mines Corp.
Giulio Bonifacio
President & Chief Executive Officer
gtbonifacio@sabre.gold
https://www.sabre.gold/
Updated Toroparu PEA Confirms GCM Is One Of The Most Undervalued Gold Miners
Dec. 02, 2021 7:56 PM ETGCM Mining Corp. (TPRFF)10
Comments20 Likes
https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=34195058
Summary
Gran Colombia Gold changed its name to GCM Mining.
The updated Toroparu PEA confirms the world-class potential of the
project.
Toroparu should reach an average annual production rate of 225,000 toz
gold, at an AISC of $916/toz, over the 24-year mine life.
At a gold price of $1,500/toz, the after-tax NPV(5%) equals $794 million.
GCM Mining remains one of the most undervalued gold miners.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166970641
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
SW Note; DOLLAR DEMISE: The end of the dollar is just one announcement away
https://www.bitchute.com/video/QFBR0FGbAzi2/
THERE WILL BE NO WARNING SIGNS BEFORE THE DOLLAR COLLAPSE
WATCH
https://www.bitchute.com/video/zdvA9PHlaCgW/
$The debt will bring back The Gold Standard -
https://www.usdebtclock.org/
Yes; It will be the most eventful day for this country in our life times -
Yes, and its a reason why I invest in MMY )
https://investorshub.advfn.com/Monument-Mining-Ltd-20464
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
The debt will bring back The Gold Standard -
https://www.usdebtclock.org/
God Bless America
Ps.
opinion appreciated
TIA
$Mandalay Resources High-Grade Gold Discovered at the Brown’s
Prospect
Oct 26, 2021
Mandalay Resources
$antman Welcome Gran Colombia Gold is a Canadian-based mid-tier gold producer
listed on the Toronto Stock Exchange and OTCQX with a proven track record
of mine building and operating in Latin America.
In Colombia, the Company is currently the largest underground gold and
silver producer with several mines in operation at its high-grade Segovia
Operations.
In Guyana, the Company is advancing the recently acquired Toroparu Project,
one of the largest undeveloped gold projects in the Americas.
The Company’s project pipeline also includes equity investments in several
listed issuers advancing minerals projects.
Learn More
https://www.grancolombiagold.com/overview/default.aspx
$Gran Colombia Gold Corp. (TPRFF)(GCM) Corporate Presentation - November 2021
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
DOWNLOAD PDF(OPENS IN NEW WINDOW)
The U.S. dollar 'as we know it' will be dead in 10 yrs, bitcoin price
to hit $2 million in 5 yrs
70,882 views Oct 20, 2021
Kitco NEWS
Cerrado Gold heating up! Look at the chart!
CRDOF for USD trades!
This looks like we will blow past a 52 week high very shortly!!
GLTA
$JW Note; i-80 Gold Intersects High-Grade Gold in Underground Drilling at Granite Creek English
i-80 Gold Corp Logo (CNW Group/i-80 Gold Corp)
NEWS PROVIDED BY
i-80 Gold Corp
Oct 28, 2021, 06:00 ET
$Including 41.3 g/t Au over 7.1 m & 16.0 g/t Au over 7.3 m
RENO, Nev., Oct. 28, 2021 /PRNewswire/ -
$i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company")
is pleased to announce positive initial assay results from the ongoing
underground drill program at the Company's Granite Creek Property
("Granite Creek" or "the Property") located in Humboldt County, Nevada.
https://www.prnewswire.com/news-releases/i-80-gold-intersects-high-grade-gold-in-underground-drilling-at-granite-creek-301410644.html
$i-80 Gold Corp closes acquisition of Ruby Hill after Lone Tree and Buffalo Mountain transactions
Oct 19, 2021
$STAL - Getting ready for the Gold Rally!
STAL
https://seekingalpha.com/symbol/STAL
Star Alliance Int'l Corp, a Gold Sector Company, to Commence NI43-101 Assay Report for Gold Mother Load Mining Project
Sep. 23, 2021 8:15 AM ETStar Alliance International Corp. (STAL)
WESTLAKE VILLAGE, CA / ACCESSWIRE / September 23, 2021 / Star Alliance International Corp. (STAL) (OTC PINK:STAL) (Staralliancemines.com) is pleased to announce that the Company is commencing the process of completing a NI43-101 Assay Report for their Gold Mother Load Mining Project.For updates please visit www.staralliancemines.com.
Richard Carey, CEO of Star Alliance International, stated, "We have received a letter from our independent geologist confirming his availability to begin preparing an NI43-101 assay report in the fourth quarter, 2021. We believe that once completed, the report will confirm, at a minimum, previous assay reports. We anticipate the data in this report and the resulting indicated valuation will enhance Shareholder Value."
John Templeton said to load up on cheap stock that was being thrown away:
here we have a gold producer at 10c with a 2nd mine to start production soon!
Abcourt Mines Inc. V.ABI
Alternate Symbol(s): ABMBF
$SW thanks; Monument Mining (TSXV:MMY) begins drilling gold targets in Australia
Mining
TSXV:MMY $44.01M
Simon Druker
Markets Reporter
simon.druker@themarketherald.ca
20 July 2021 13:00 (EDT)
https://themarketherald.ca/wp-content/uploads/2021/07/shutterstock_1077511751-1-800x430.jpg
Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia
The first stage of the drill program planned for 18,000 metres and combines aircore and reverse circulation drilling
The program will test new high-quality structural targets beneath cover
Work should continue for the next six to eight months as new targets are identified and evaluated
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET
Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia.
The first stage of the drill program is planned for 18,000 metres and combines aircore and reverse circulation drilling.
The program will test new high-quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand-alone or satellite gold deposits.
The company hopes to supplement the current resource base at the 100-per-cent owned Burnakura gold project.
The progressive nature of the exploration program means work will continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit.
Once the exploration program is finished, Monument will be in a position to evaluate the entire 170-square-kilometre land package of the Murchison Gold Project. At that point, the Vancouver company will determine the most logical approach in which to advance the project.
"The Monument exploration team is excited to begin drilling after extensive work to identify high quality targets at the Murchison Gold Project. The WA area has been heating up this year with a large amount of exploration work being undertaken, and we are fortunate to get started ahead of schedule having secured a drill rig," said Monument CEO and President Cathy Zhai.
The Murchison Gold Projects comprises Burnakura, Gabanintha and Tuckanarra Joint Venture, in the Murchison area of Western Australia.
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET.
Stockhouse logo
Latest News
Monument Commences Drilling Gold Targets at the Murchison Gold Project
GlobeNewswire 1 day ago
Monument Completes Independent Flotation Testwork
GlobeNewswire July 6, 2021
Monument Announces Selinsing Gold Mine in Malaysia Resumes Production
GlobeNewswire July 5, 2021
Monument Announces Covid-19 National Recovery Plan in Malaysia
GlobeNewswire June 30, 2021
Monument Announces Extension to Movement Control Order in Malaysia
GlobeNewswire June 15, 2021
Monument Commences Exploration at the Murchison Gold Project
GlobeNewswire June 14, 2021
More V.MMY news on Stockhouse »
Latest Bullboard Posts
RE:RE:RE:RE:Recent SH interview with Monument CEO
nozz..... it wasn't you....it was Wayned....Richard RE:Recent SH...
5 hours ago
RE:RE:ODY Discovers Two New linked Gold Formations
I`m not sure why Odyssey share price reacts like it does when they report...
5 hours ago
RE:RE:RE:Recent SH interview with Monument CEO
I'm not called Nosepak for nothing. Lol
7 hours ago
RE:RE:Recent SH interview with Monument CEO
Funny world.... you got it, a day before it happened..... nose to the ground......
7 hours ago
Munro Bore and Banderol Fault Junction and Current Drilling
The last great discovery at Burnakura was the NOA 1-8 pits which was based on...
11 hours ago
Munro Bore…..Excerpt from 2007 Giralia Report
Estimate of Approx 15,000 ounces for two of the 4 Zones...I am not aware of...
$Recent SH interview with Monument CEO
https://www.monumentmining.com/site/assets/files/4261/061721-v-mmy_editoral.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165005641
$NEWS Monument Commences Drilling Gold Targets at the Murchison Gold Project
July 20, 2021
https://www.monumentmining.com/news-media/news/2021/monument-commences-drilling-gold-targets-at-the-murchison-gold-project/
Vancouver, B.C., July 20, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the
“Company” is pleased to announce the commencement of a planned
exploration drilling program at the Murchison Gold Project in Western
Australia.
The first stage of the drill program planned for 18,000 metres and
combines aircore (“AC”) and reverse circulation (“RC”) drilling, and is
designed to test new high quality structural targets beneath cover for
potential mineralization that may lead to the identification of shallow
stand alone or satellite gold deposits to supplement the current
resource base at the 100% owned Burnakura gold project.
The progressive nature of the exploration program at Burnakura and
Gabanintha (Figure 1) will see work continue for the next six to eight
months as new targets are identified and evaluated for their potential
to develop into a new satellite gold deposit. At the conclusion of this
exploration program Monument will be in a position to evaluate the
entire 170km2 land package of the Murchison Gold Project and determine,
in an informed manner, the most logical approach in which to advance
the project.
Figure 1: Murchison Gold Project Geology Map showing Burnakura and Gabanintha tenements
https://www.monumentmining.com/news-media/news/2021/monuent-commences-drilling-gold-targets-at-the-murchison-gold-project/
$bigone thanks; Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$bigone thanks; well MMY starting to wakeUP with a lot of great NEWS
after an 8 year long downturn bear trend of gold market -
MMY's 1st bulltrend 2009-11 was strong an if 2nd bulltrend starting....
let's hope it be stronger :))
$NEWS Monument Completes Independent Flotation Testwork
July 6, 2021
Vancouver, B.C., July 6, 2021,
https://www.monumentmining.com/news-media/news/2021/monument-completes-independent-flotation-testwork/
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) is pleased to announce that the independent flotation
testwork undertaken at Bureau Veritas Laboratory (“BV”) in Perth has
successfully replicated the positive results achieved by the on-site
metallurgical laboratory to produce a marketable gold concentrate at
the Selinsing Gold Mine.
CEO and President Cathy Zhai commented: “We are very pleased with the test results that are a milestone step in achieving a sustainable cash supply from our Selinsing gold sulphide inventory by the sale of a sulphide concentrate produced through the planned flotation plant to third parties. The Phase II plant upgrade may follow to construct a BIOX-leaching circuit if deemed economically viable to treat both the Selinsing concentrates and third party concentrates on-site in order to further enhance the revenue level. Our new business model of expanding operations into treating third parties concentrates through a planned BIOX®-leaching circuit continues to be assessed.”
She further added: “We have noted that the recent announcements of tighter Chinese import restriction for the arsenic levels in gold concentrates imply that a number of producers of complex gold concentrates that currently sell into China will be looking for new off-take partners. Consequentially Selinsing’s proposed BIOX® plant could be their new home.”
Flotation Testwork Results Highlights
Gold concentrate produced from fresh sulphide ore contains an average 34g/t of gold from BV testwork, compared to 33.1g/t of gold from the on-site Selinsing testwork;
Gold concentrate produced from transition sulphide ore contains an average 42.5g/t of gold from BV testwork compared to 31.7g/t of gold from the on-site Selinsing testwork;
The arsenic (“As)” contained in gold concentrates was achieved at an average of 5.1% for fresh and 7.0% for transition ores close to the 8% limit that initially set for the testwork program. It can be lowered to 3.5% through concentrate blending.
Final concentrate grades showed elevated antimony (“Sb”) grades in the fresh material (5.7 – 13.3% Sb), but less than 0.2% Sb in the transition ores.
Orway Mineral Consultants (“OMC”) was engaged by the Company to modify the flotation conceptual engineering design that was reported in the Snowden feasibility study in February 2019, in order to produce gold concentrates as a final product for sale instead of a mid-product for further bio-leach treatment to accommodate a two stage approach Sulphide treatment plant expansion strategy.
The independent testwork was carried out from February to May 2021 in Perth, Australia through Bureau Veritas Laboratory (“BV Lab”) under OMC’s supervision. The aim of this testwork was to independently verify the process parameters developed by the on-site laboratory through extensive testwork. Based on the test results, the optimized flotation conceptual engineering design was completed by OMC in June 2021 under the “Sulphide Flotation Circuit Design - Selinsing Gold Project”, including flotation testwork parameters, process design criteria, circuit modelling, engineering design brief and consumables estimates.
Flotation Testwork Parameters
Diamond drilling was conducted at Buffalo Reef pits BRC2, BRC3, BRC4 and BR North to provide samples. BV Lab testwork was designed to ensure repeatability of the on-site testwork and all flotation tests were carried out in duplicate.
The BV Lab testwork has proved that the Selinsing onsite laboratory test results are repeatable in a commercial lab for Fresh and Transition ore (Table 1. Summary of the BV Lab results), and the onsite laboratory recovery numbers can be used by OMC with reasonable confidence for engineering design (refer to news release dated April 27, 2021 “Monument Commences Flotation Plant Work at Selinsing”).
Table 1: Summary of the BV Lab results
https://www.monumentmining.com/news-media/news/2021/monument-completes-independent-flotation-testwork/
$MMY NEWS Monument Announces Selinsing Gold Mine in Malaysia Resumes Production
July 5, 2021
Vancouver, B.C., July 5, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) announces that the Malaysia authorities have
transitioned the movement control order (“MCO”) in five states into
Phase 2 effective July 5, 2021 under the National Recovery Plan,
including Pahang State.
Under the Phase 2, Selinsing Gold Mine is now back to production
with up to 80% employees being allowed working at the site.
Employers must ensure physical distancing and adherence to
the standard operating procedures at all times.
CEO and President Cathy Zhai said: “The production starts to be
resumed at Selinsing Gold Mine according to our recovery plan.
We will be closely monitoring the Covid status and put employees’
safety as priority.”
About Monument
Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established
Canadian gold producer that owns and operates
The Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and is also
advancing the Murchison Gold Projects
comprising Burnakura, Gabanintha and
Tuckanarra JV (20% interest) in the Murchison area of Western A
Australia.
The Company employs approximately 200 people in both regions and is
committed to the highest standards of environmental management, social
responsibility, and health and safety for its employees and
neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at http://www.monumentmining.com
or contact:
Richard Cushing, MMY Vancouver
T: +1-604-638-1661 x102
rcushing@monumentmining.com
https://www.monumentmining.com/news-media/photo-gallery/
https://www.monumentmining.com/news-media/news/2021/monument-announces-selinsing-gold-mine-in-malaysia-resumes-production/
“Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.”
$tsoprano-1 welcome to Monument Mining (TSXV:MMY) My Friend -
Good to see you @ MMY )
I think Goldbull MMY will do very well - )
MMY is very oversold and undervalued,
Imo!
Joint Venture partner ODY finds more Visible Gold at Stakewell )
Also excellent grades from additional Tuckanara drilling....
https://www.listcorp.com/asx/ody/odyssey-gold-limited/news/new-discovery-and-drilling-enhance-murchison-gold-projects-2545483.html
$Money once again flowing into gold mining producers -
The IT and Crypto sectors have now topped and that cash is now looking
for the next hot sector.
That sector is now gold.
On Friday, reviewing analyst rating changes on my Investment House
daily report, I found that almost all of the covered gold stocks were
rated Outperform.
I have never seen such a rapid and universal alteration in gold ratings
in my investment career which goes back decades.
So, we are looking at a revival of investment dollars into gold and gold
mines stocks.
We have a huge amount of material and development news pending release
in the near future.
$Considering this along with increased investment flows into Gold, its a
fair bet that we will exit June above $0.30 + + + + )
Throughout the summer, we will see sequential releases of Murchison
drilling results along with development news at Peranghi, processing of
Colombian concentrate, construction progress of the Floatation plant
and other new developments currently under consideration.
If all goes according to form, we have an excellent chance of exiting
summer above $0.60 + + + + )
Even at that price, we will still be very undervalued bargain....
IMO! nozzpack
$bigone thanks; In December 2020, Monument Mining Ltd. made an Joint
Venture agreement with Odyssey Gold Ltd.
MMY got a 20% free carried interest (not need to pay any cost of
exploration drilling etc. up to
the project are ready for gold milling, processing etc.)
MMY also got a 1% NSR royalty over Odyssey’s 80% interest in the
property.
Ody got 80% interest in MMY's Tuckanarra Gold project to carry out
all needed exploration, drilling, feasibility study etc.
Odyssey Gold Ltd., leaving Monument with a 20% free carried interest
and a 1% NSR royalty over Odyssey’s 80% interest in the property.
An unincorporated joint venture was formed with Odyssey to advance
the exploration over Tuckanarra.
Odyssey will be solely responsible for funding the exploration and
evaluation activities at Tuckanarra until a decision to mine is
reached.
The future processing of ore from tenements held by Odyssey
through the Monuments Mining Ltd's Burnakura plant remains
an option should maybe if commercial
terms be reached!?
$Visible Gold at Odyssey/Monument Tuckanarra JointVenture Project
Reinforce Exploration Targeting at Murchison Gold Project
MMY | May 5, 2021
VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or
the “Company” is pleased to receive the news announced
by its Joint Venture Partner Odyssey Gold Ltd (“ODY”)
that significant visible gold has been intersected in its
maiden diamond hole
Figure 1), a 70m step-out in the eastern extension of the developing
Bottle Dump deposit at the Tuckanarra JV Project (“Tuckanarra”)
located in the Murchison Goldfield.
Together with other results, the new finding confirms the strong
potential of the Bottle Dump trend to host high-grade gold
mineralization (For details refer to:
www.investi.com.au/api/announcements/ody/420449c6-9f8.pdf ).
Figure 1: Significant visible gold ? is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f33fad6e-54b6-4e35-8110-27a52264226f
https://stockhouse.com/news/press-releases/2021/05/05/visible-gold-at-odyssey-monument-tuckanarra-jv-project-reinforce-exploration
Odyssey Gold (ASX: ODY) - Is it the next big micro cap mover?
1,110 views•May 4, 2021
$Gran Colombia Announces Results From the 2021 Drill Program at Its
Toroparu Project in Guyana; Confirms 4-Km Strike Length of Structurally
Controlled High-Grade Gold Mineralized Structures
July 6, 2021
TORONTO, July 06, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia”
or the “Company”) is pleased to announce results from the recently
completed Phase 2 diamond drill program at its 100%-owned
Toroparu Project in Western Guyana.
The 10,494 meters Phase 2 program was designed to confirm the
continuity of both the northwest oriented high-grade gold structures
and the cross cutting east-west high-grade structures that create a
repeatable pattern of intersecting zones amenable to underground mining
methods over the 4 kilometer strike length of the Toroparu Project1.
Serafino Iacono, Executive Chairman of Gran Colombia, commented,
“The discovery of the structural control of high-grade gold
mineralization at Toroparu has reaffirmed our confidence in the
npotential value of this project as one of our cornerstone assets.
The recently completed, two-phase diamond drill program comprised a
total of 20,750 meters in 114 drill holes and has confirmed
a 4-kilometer ("km") strike length of high-grade structurally
controlled gold mineralization at Toroparu.
In addition, the program identified a repeated pattern of intersections
of NW-SE and E-W oriented sub-vertical structures containing high-grade
zones extending over mineable widths up to 100 m vertically (“jewelry
boxes”)2 that support our belief that a high-grade resource amenable to
underground mining methods lies at the core of this very large,
disseminated gold deposit.
We are currently working with Nordmin to prepare an updated mineral
resource estimate and preliminary economic assessment (“PEA”)
incorporating the high-grade results from this latest drilling program.
We expect the PEA will be completed later this summer.”
Highlights
Assay results from the 2021 Phase 2 High-Grade Definition Drill Program
extend high-grade mineralization to the northwest of historical
drilling and confirm a 4-km overall strike length of Toroparu Deposit
Area (Figures 1 and 2).
Drill results identify several additional concentrations of high-grade
gold contained in intersecting NW-SE and E-W structures (“pipes”) that
occur in a repetitive pattern across the deposit (Figure 2).
These structural pipes exhibit continuity over 2 metre ("m") to 25 m
widths extending over 30 to 100 vertical metres and confirm the
potential for significant volumes of gold mineralization amenable to
underground mining methods exists along the 4 km Toroparu Deposit Area.
The high-grade mineralized pipes, ranging in grade from approximately
5 g/t gold ("Au") to greater than 20 g/t Au over potentially mineable
widths, are often surrounded by a lower grade (0.5 - 5.0 g/t Au) halo
of mineralized material. (Figure 5).
The high-grade gold grades intersected in structures range from
2.42 g/t Au to 101.7 g/t Au and have a length-weighted average grade of
6.7 g/t Au (uncut) over 113 m and 76 intervals highlighted in this
release (Table 1).
Since historical drilling has been limited to the upper 450 m of
vertical extension of the deposit, this remains open at depth across
the 4-km of strike length at depths that are relatively shallow for an
underground mine.
Results from the most northwest set of drill holes, which intersected
multiple high-grade intervals indicate that the high-grade structural
component of the deposit is still open along strike to the northwest.
Figure 1: 2020/2021 Drill Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/cafe9a55-43f7-489c-ac04-00017211a672
2021 Phase 2 Drill Program - Drill Result Highlights (Figures 1 through 8)
Significant intercepts were encountered in 27 of the 42 holes drilled.
Highlights of best intercepts are presented in table below:
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Results-From-the-2021-Drill-Program-at-Its-Toroparu-Project-in-Guyana-Confirms-4-Km-Strike-Length-of-Structurally-Controlled-High-Grade-Gold-Mineralized-Structures/default.aspx
welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans
Jun 25, 2021
Paul giving you a following mark )
TIA
$stockwrestler2 thanks; Why Basel III regulations are poised to shake up the gold market
Published: June 24, 2021 at 3:02 p.m. ET
By Myra P. Saefong
$European banks face beefed up liquidity requirements under the “Net
Stable Funding Ratio’ on Monday
New banking rules, part of an sweeping international accord known as
Basel III, will come into effect on Monday and mark a big change for
European banks and their dealings with gold — potentially altering the
landscape for precious metal demand and prices.
Like many reforms put in place over the past decade that aim to avert
another global financial crisis, the new banking rules come with some
controversy — and caveats.
https://www.marketwatch.com/story/why-basel-iii-regulations-are-poised-to-shake-up-the-gold-market-11624561325?mod=home-page
$WEBINAR June 23, 2021 Drilling Deeper: South America,
Presented by Red Cloud - CFO Mike Davies )
Webcast(opens in new window)
https://event.webinarjam.com/replay/530/34ll2trna61tmyi8x1w
https://grancolombiagold.com/overview/default.aspx
The Reset Has Begun ??Basel III: Gold Will Go Up
$stockwrestler2 thanks; Gold producer Abcourt Mines will put another
mine on production and Abcourt is very undervalue and oversold,
IMO!
$This year; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Monarch to start gold production this year after getting a big cash infusion from Yamana. It's my understanding that they have two properties that are in near term production status:
MONTREAL, May 20, 2021 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce that the Corporation has qualified to trade on the OTCQX® Best Market. Monarch upgraded to the OTCQX market from the Pink® market.
Gold producer Abcourt Mines will put another mine on production
this year.
With two mines operating their worth as a going concern should double.
And, with an increase in gold bullion price this year there
could be a triple in share price.
Abcourt Mines Inc. ABI (Cdn)
Alternate Symbol(s): ABMBF (USA)
GOLDSTANDARD comeback? More states pushing to make gold and silver legal tender – former U.S. Mint director (Pt 2/2)
9,420 views•Apr 30, 2021
$Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Cerrado Gold Corp. CERT (Cdn)
Alternate Symbol(s): CERRF (US)
Cerrado Gold is a gold mining and development company, with an executive team that has a long history of success developing building projects in South America. In Argentina, Cerrado owns Minera Don Nicolas, located in Santa Cruz, Argentina, a newly producing high-grade gold mine with significant optimization, expansion, and exploration potential. In Brazil, the Company is focused on expanding the resource base at its prolific, high-grade Monte do Carmo gold project in Tocantins State.
Now producing gold and flying under the radar..!
Hard to beat drill results like these and yet STILL no mine's been started ....Why ?.....Kitco Gold $1,700 ?
I've been hooked on Barricks chart forever.......It's now on its' $25
Have just mainly been WATCHING its' H&S play out
Certainly most golds have been struggling lately....ABX partner NOVAGOLD .. . .
If the Trend is ones' friend then we could see more downside
Integras' chart tho appears incredibly bullish altho, it TOO is at a crucial juncture
ELY Gold Royalties = Crucial Juncture......... Because of Gold $1,700 ? https://www.kitco.com/charts/livegold.html
Anyways.....
History & Maps (researching Dublin Gultch and Donlin Creek because weren't they 1890's bonanza gold discoveries ?)
https://pubs.usgs.gov/sir/2007/5289/SIR2007-5289-A.pdf
http://yarmouthhistory.ca/yarmouthhistory/Klondike/Pages/1._Traveling_to_the_Klondike.html
The M&A show begun? All cash with 59% premium without a feasibility study. Loved it -> Newmont to Acquire GT Gold in Agreed All-Cash Transaction $itrg (gold & silver) next?
$DrewStegman thanks; 'Great Panther Silver, Ltd. (GPL)' Webcasts -
The Company will host a conference call and webcast on Thursday,
March 4, 2021, at 9:00 AM PT/12:00 PM ET. Shareholders, analysts,
investors and media are invited to join by logging in or calling in
five minutes prior to the start time.
Webcast: Webcast Registration
https://www.greatpanther.com/investors/webcasts/
Canada/USA TF:
1 800 319 4610
International Toll:
+1 604 638 5340
Scroll to the right to see the table data.
A replay of the webcast will be available approximately one hour
after the conference call.
Audio replay will be available until April 4, 2021, by calling
the numbers below using the replay access code 6298.
Canada/USA TF:
1 800 319 6413
International Toll:
+1 604 638 9010
Replay Access Code: 6298
Scroll to the right to see the table data.
Replay of previous Great Panther conference call and webcasts
are available below.
2020
Third Quarter 2020 Financial Results Webcast and Conference Call
Second Quarter 2020 Financial Results Webcast and Conference Call
First Quarter 2020 Financial Results Webcast and Conference Call
https://www.greatpanther.com/investors/webcasts/
$jsc52033 thanks; Great Panther Mining Ltd (GPL) BARCHART OPINION Overall Average: 88% BUY
$GPL is way undervalued and heading to multi dollars the financial
forecasts to be released soon!!
$BARCHART OPINION Overall Average: 88% BUY
Overall Average Signal calculated from all 13 indicators.
Signal Strength is a long-term measurement of the historical strength
of the Signal, while Signal Direction is a short-term (3-Day)
measurement of the movement of the Signal.
Barchart Opinion
https://www.barchart.com/stocks/quotes/GPL/opinion
Will Silver investors take delivery on the COMEX this week: w/David Smith
Superior Gold Inc SGI (Cdn)
Alternate Symbol(s): SUPGF (USA)
Producing over 60k oz per year,
trading at 60c (Cdn) and 50c (US)
with 120m shares.
Can you believe it?
And, in the mining friendly Australia! to boot.
sw2
PFFOF a true gold miner that is dirt cheap with massive potential. Portofino has been issued an Exploration Permit for its south of Otter Project from the Ontario Ministry of Energy, Northern Development, and mines. Has received support from all indigenous groups in Canada. The permit is valid for 3 years and will allow for trenching diamond drilling, and line cutting. Portofino has the right to earn 100% interest in the 2,932 hectares Yergo Project which encompasses the entire Aparejos Salar, located in the southern part of the world-renowned "Lithium Triangle"
DBG Doubleview Gold Corp DBG.V
A mine located in B.C.'s golden triangle. This hidden gem is now starting to get traction. It is a mega gold/copper porphyry deposit.
It can compare to likes of Red Chris, Tudor Gold, Copper Mountain Mining, Highland Valley just to name a few.
Red Chris bought out in 2019 at a high of 3.12
Tudor Gold now 2.60
Copper Mountain high of 8.13
Tech Resources - Highland Valley now 14.97
Of course there are going to be certain variables like some mines not having other metals like silver, palladium, and cobalt all of which Doubleview has!
DBG is only $.26 right now, it's worth a look because it won't stay at this price for long. It's already started to move up as the next drill campaign is about to get started.
THE BEST GOLD MINING STOCK TO BUY in 2020 - Newmont Mining (NEM):
The 3 Best Junior Gold Mining Stocks to Buy Right Now:
Caledonia Mining's Steve Curtis looks ahead to 'pivotal year' after reco...
Nevada producer Fiore Gold path for growth: analyst report of Redcloud Securities.
https://www.redcloudfs.com/wp-content/uploads/2020/01/20200127-F-Update-1-1.pdf
Gran Colombia reports record gold production in 2019
Neils Christensen Neils Christensen
Tuesday January 14, 2020 08:32
https://www.kitco.com/news/2020-01-14/Gran-Colombia-reports-record-gold-production-in-2019.html
Gerald Celente gives his 2020 financial forecast and it’s not pretty folks
40,696 views•Dec 19, 2019
Gran Colombia Gold Files National Instrument 43-101 Technical Report for Its Marmato Project
(US:TPRFF) (T.GCM)
TORONTO, Nov. 28, 2019 (GLOBENEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that
it has filed a preliminary economic assessment (“PEA”) technical report
on its Marmato Project (the “Technical Report”) pursuant to National
Instrument 43101 - Standards of Disclosure for Mineral Projects (“NI
43101").
The Technical Report supports the disclosure made by the Company in its
October 15, 2019 news release and is based on the updated Mineral
Resource estimate for the Marmato Project with an effective date of
July 31, 2019.
The Technical Report, with a report date of November 27, 2019 and an
effective date of July 31, 2019, was prepared by SRK Consulting (U.S.),
Inc. and is entitled "NI 43-101 Technical Report Preliminary Economic
Assessment Marmato Project Colombia".
The “qualified persons” for the purposes of NI 43-101 include Ben
Parsons, MSc, MAusIMM (CP) – Principal Consultant (Resource Geologist);
Cristian Pereira Farias, SME-RM – Senior Consultant (Hydrogeologist);
David Bird, PG, SME-RM – Associate Principal Consultant (Geochemistry);
David Hoekstra, Bs, PE, NCEES, SME-RM – Principal Consultant (Water
Resource Engineering);
Eric Olin, MSc, Metallurgy, MBA, SME-RM, MAusIMM –
Principal Consultant (Metallurgy);
Fernando Rodrigues, BS Mining, MBA, MAusIMM, MMSAQP – Principal
Consultant (Mining Engineer);
Jeff Osborn, BEng, Mining, MMSAQP –
Principal Consultant (Mining Engineer);
Joanna Poeck, BEng Mining, SME-RM, MMSAQP – Principal Consultant
(Mining Engineer);
John Tinucci, PhD, PE, ISRM – Principal Consultant
(Geotechnical Engineer);
Mark Allan Willow, MSc, CEM, SME-RM – Principal Consultant
(Environmental); and Joshua Sames, BSc Civil, PE –
Senior Consultant (Civil Engineering).
The report is available on the Company’s website at
http://www.grancolombiagold.com
and under the Company’s profile on SEDAR at
www.sedar.com.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its Segovia
and Marmato Operations.
Gran Colombia is continuing to focus on exploration, expansion and
modernization activities at its high-grade Segovia Operations and,
through a spin out transaction with Bluenose Gold Corp. announced on
October 7, 2019, Gran Colombia is progressing toward a major expansion
and modernization of its underground mining operations at
the Marmato Project.
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at
http://www.sedar.com .
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2019/Gran-Colombia-Gold-Files-National-Instrument-43-101-Technical-Report-for-Its-Marmato-Project/default.aspx
Cautionary Statement on Forward-Looking Information....
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
Gran Colombia Gold Corp. (TPRFF) - GCM Q3 2019 Results Presentation (Final)
http://s21.q4cdn.com/834539576/files/doc_financials/2019/q3/GCM-Q3-2019-Results-Presentation.pdf
Gran Colombia Gold reports 2019 third-quarter results
Results reflect the positive impact of the higher gold prices;
high-grade Segovia operations continue to deliver
solid operating performance
Listen to the webcast
http://www.grancolombiagold.com/Home/default.aspx
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Check out AURYN RESOURCES (AUG), NEW TIER 1 DISCOVERY... eom
Ross Beaty intervieuw about Equinox Gold future.
https://ceo.ca/@goldfinger/mining-giant-ross-beatys-race-to-build-a-senior-gold-producer
Caledonia Mining: A Growing Gold Miner Currently At A 3-4X PE
Oct. 30, 2019 12:00 PM ET|5 comments |
About: Caledonia Mining Corporation Plc (CMCL)
https://seekingalpha.com/article/4300328-caledonia-mining-growing-gold-miner-currently-3minus-4x-pe
Summary
With technical signals on gold prices looking strong again, it may be one of the last moments where investors can invest at historically low prices.
Small miner stocks offer significantly higher potential rewards to diligent investors.
A very small company, Caledonia Mining, is perhaps the most profitable and least expense gold mining stock in the business with 50% margins at a "P/E" of 3-4X.
The company also has low debt, positive working capital, and is growing output at a rate much faster than the market expects.
My discounted earnings analysis suggests that the fair value of the company without an increase in gold prices is at least $15.
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(Source - Pexels)
The primary focus on my research and writing over the past week has been precious metals. I was lucky enough to take profits on most of my precious metal's portfolio in late August and have been waiting for short-term technical signals to look green again.
Following the recent 7% pullback in the price of gold and 10% on silver, now looks like a great time to get back in. While technical signals are highly fallible, they do suggest another 20%+ move in gold and even more in silver. As you can see below, silver (SLV) is just starting to break higher in a "bull flag" type pattern:
ChartData by YCharts
A few days ago in "SILJ: Precious Metals Correction Looks Over, Time To Make A Leveraged Play" I explain why junior precious metal miners are probably the best (and riskier) way to take advantage of the trend. In the article, I also explain my $1850/oz price target for gold and $40 target for silver based on the trends/my expectations regarding real interest rates. Of course, many gold investors including myself are expecting the metal to rise to $5000/oz or more, but I'll stay on the safe side.
Caledonia Mining Corporation (CMCL) is a great company to take advantage of this. It is an extremely small gold miner in Africa that has huge margins, high growth, a good management team, and comes at a "P/E" of 3-4X. After looking through over one hundred mining companies, Caledonia is the best one I found.
Caledonia Mining Corporation
There is a lot to like about Caledonia. Chiefly, the company has flown under the radar of investors despite very high profitability and in spite of low gold prices. It is a "nano-cap" stock with a market cap of only $82M, so it is less liquid and more volatile than many of its peers. That said because many institutions can't consider a company that small and that lacks analyst coverage, huge mispricings often occur.
Such is true with Caledonia who has not been covered by SA in over three years. So much has changed for the company over that period. Of its U.S ADR's, only 1.5% are owned by institutions.
Most of Caledonia's revenue comes from a mine they control in Zimbabwe called the "Blanket Mine". They bought the mine in 2006 and have steadily increased output since, despite political and economic unrest in Zimbabwe. This mine is also one of the world's most profitable with an all-in-sustaining-cost at $800/oz. This is far lower than the $1100-$1400 industry average and has enabled the company to recently operate at a 50%+ net margin. Considering many miners barely breakeven today, that is an incredibly high figure.
The management team also looks solid. They have managed to increase recovery rates from 85% to 94% and continue to search for ways to increase output while keeping costs low. Importantly, I did not find any typical red-flags regarding overpaid management in their financial reports. Mining companies often enrich management before shareholders; Caledonia appears to have great shareholder orientation.
As another example, take a look at how their mine's indicated contained ounces have grown in recent years:
(Caledonia Q2 2019 Report)
Of course, the most important metric is proven holdings, but it is likely that they hold around 800K contained oz worth of gold after removing the speculative "inferred" amount but including indicated amounts. Since I generally trust their reported expectations, I will use 800K as my base case but offer alternative valuations using their lower and higher estimates.
Discounted Cash Flow Analysis
Luckily, the operations of such a company are relatively straightforward and make for an easy DCF analysis. They also have low debt and a lot of cash on hand, so they will likely have very little need to dilute shareholders.
The company currently produces 50K ounces of gold per year and has infrastructural projects in place to grow that figure to 80K by 2022. As noted in the linked presentation, they aim to grow that figure to 100K by 2023 and eventually 250K. Because 250K would require over 800K in gold, I will not include that target in my base-case. I will also assume that gold and production costs per oz grow at 3% per year. Of course, I expect much more for gold, but this will be my base case analysis.
Using my base estimate of 800K in mineable gold, this should keep them operating the current mine until 2027. (I'll also give a DCF using other estimates).
(Self Sourced, production targets sourced from Sept. CMCL presentation)
The company has historically brought home 60% of its EBITDA to its bottom line so I'll keep it simple and assume earnings will be 60% of EBITDA. This gives me the following income projection:
Importantly, I'm not going to take depreciation out of my analysis since depreciation is a real cost for mining companies.
With 10.7M in shares outstanding, this implies a $2 EPS this year that expands to just over $5 by 2027. Using a 10% cost of the capital discount rate (typical in mining), this implies a share price of $22.80. Even without a change to the gold price, this implies a 2X return on the stock. Of course, the fact that they're focusing on one mine in Zimbabwe makes it a bit riskier, but even at an extremely high cost of capital of 20%, a $16.29 share price is implied (120% return).
From here on out I'll use both the normal 10% figure and 20%. 20% may be more accurate due to the nature of the company's geography. Labor problems could certainly occur as they have in the past in Zimbabwe and put a pause on operations. Even more, the country has a record of violating property rights. I personally believe the worst is behind Zimbabwe but will use a 20% discount rate to account for these risks.
A Note On How I'm Calculating This
If you're curious how I'm making these calculations, what I'm doing is translating gold prices to probable revenue and then taking out production and overhead costs to get net income. From there, I divide by shares outstanding to get an EPS forecast.
I could then sum up all the future EPS's to get total expected returns, but I want today's fair price, so I discount those cash flows by 10-20% per year and add them up. Because Zimbabwe is a riskier place of business, a higher discount rate is appropriate.
To illustrate, take a look at this chart:
(Self Sourced)
Date EPS Forecast 10% Cost of Equity Discounting 20% Cost of Equity Discounting
2019 $ 2.02 $ 2.02 $ 2.02
2020 $ 2.50 $ 2.27 $ 2.08
2021 $ 3.00 $ 2.48 $ 2.09
2022 $ 3.53 $ 2.66 $ 2.05
2023 $ 4.10 $ 2.80 $ 1.98
2024 $ 4.69 $ 2.91 $ 1.88
2025 $ 4.83 $ 2.73 $ 1.62
2026 $ 4.97 $ 2.55 $ 1.39
2027 $ 5.12 $ 2.39 $ 1.19
Sum $ 34.76 $ 22.80 $ 16.29
A Note on Currency Exposure
In case you are wondering why my $2 EPS estimate is much lower than the company's reported $3.5 TTM EPS, it is because I am assuming no exchange rate impacts. The company made a staggering $25M (roughly half of its total earnings) on U.S-Zimbabwean Dollar hedges due to the recent devaluation which temporarily boosted EPS over the past twelve months.
More gains like this are likely since the currency has continued to fall since their last report. To explain, the company said:
If the Zimbabwe currency remains at the current level against the US Dollar, Caledonia shareholders will eventually benefit from the devaluation, but only when the underlying liability falls due for settlement
Now, this can mean substantial profits for Caledonia, but if inflation gets out of control as it did in the late 2000s, it will harm the company's growth. The mine was temporarily shut down from 2008 to 2009 due to hyperinflation, so the ongoing devaluation does pose a material risk and is partly why I am using a 20% discount rate.
Best Case Scenario Valuations
My expected scenario implies high returns, but DCF valuations have very high exposure to underlying assumptions. Often, those assumptions miss the reality, even if they are in-line with management's guidance.
Personally, I believe that gold is headed back to $1800 over the next year and possibly as high as $2600 by 2025. If we assume that gold rises to $1800 by 2020 and continues all the way to $2600 by 2025 while AISC (cost per oz) maintains a 3% growth rate, we get to roughly $9 EPS by 2027. Using a 10% discount rate we come to a valuation of $37.5 and $26 using a 20% discount rate. Personally, this is the scenario that I expect the most and implies a return of 2.5X-4X.
Of course, if we make the likely assumption that they eventually find more gold, the story is even better. The company believes they potentially are able to pull 1800K ounces out of the ground. If that is true and we assume AISC grows at 3% with gold after 2025 and 60% of EBITDA goes to profits, we get a valuation of $38-$68 using a 10%-20% cost of equity or a 4X-8X price return.
Worst Case Scenario
I think the upside is pretty clear on Caledonia. It depends a lot on assumptions, but I think it is fair to say that the stock is very undervalued.
That said, Caledonia is a riskier mining company and if my assumptions prove to be false, the stock could certainly fall from here. They only currently have 130K in proven gold. It is almost certain that they have more, but I'll use that figure as an absolute 'worst-case scenario' valuation.
Even then, the worst-case-scenario downside looks to be limited. If we assume that gold stays at a 3% growth rate with AISC and that they only can mine 130K more in gold we get an EPS of $2 this year, $2.50 in 2020, and $1.29 in 2021 when proven gold runs out. This gives us a per-share valuation of $5.00-$5.36 depending on a 10%-20% discount rate. Thus, we arrive at a worst-case loss of 20%-30% which, to me, is certainly worth the risk.
Now, if gold prices fall back to 2019 lows then it could be more ugly. That said, the company has such a low cost of production that gold would essentially need to fall by 40% from here for the company to be in trouble.
In the absolute worst-case scenario where the company has both no non-proven gold and gold falls back to $1200 per oz, we estimate a share price minimum of $2.8-$3.0. Of course, nobody wants a 50% loss, but the odds of this event are extremely low. In my opinion, the probability of the absolute best-case scenario is higher than this scenario.
The Bottom Line
It is worth noting that the company is also currently trading 30% below book value and $15M in positive working capital ($8 in million cash and the rest in inventory). Per-share, this working capital implies another $1.4 in value that I have left off of my previous valuations.
In summary, the true fundamental value of Caledonia is likely at least $15 so long as their indicated, probable, and proven contained ounce expectations are accurate. If their indicated level turns out to be non-existent, the company is likely around its fair value. Of course, if their "inferred" level pans out, then the stock is worth around $35.
The company checks all the boxes and has great cash flows. I will stick with my base case valuation which puts the company at a fair value of $18, even without a significant increase in gold prices. That said, if gold prices continue higher then I'll happily hold until the company is overvalued.
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Disclosure: I am/we are long CMCL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Comments 5 • Sort by
Value On The Street
Comments1907 | + Follow
Did you account for the fact that shareholders only own 49% of the mine? It doesn't appear that you did.
30 Oct 2019, 01:13 PMReply2Like
Le Sugre
Comments27 | + Follow
I was about to comment exactly the same ....
30 Oct 2019, 06:24 PMReply0Like
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FIORE GOLD MEETS FULL YEAR 2019 PRODUCTION GUIDANCE
October 17, 2019
TSXV–F
OTCQB–FIOGF
Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce preliminary production results for the Company’s fourth fiscal quarter (“Q4”) and the full fiscal year 2019 which ended September 30th, 2019 for its Pan open pit mine in White Pine County, Nevada.
Highlights:
Full-year gold production of 41,491 ounces, a 21% increase over the preceding year and within full-year guidance of 40,000-43,000 ounces. Q4 gold production was 9,282 ounces.
Sales of 40,886 gold ounces for the year with Q4 sales of 8,902 gold ounces.
Full-year mined ore production of 13,923 tons per day at a stripping ratio of 1.8. Q4 mined ore production of 13,156 tons per day at a stripping ratio of 2.3.
Our operations team at Pan received the Small Mine Safety Award from the Nevada Mining Association for the fourth consecutive year.
91,672 man-hours worked in fiscal year 2019, achieving our goal of zero reportable incidents, zero reportable accidents, and zero lost-time injuries. Currently the operation is at 1,230 consecutive days of attaining this Triple-Zero achievement.
Transition from Run of Mine (“ROM”) to 100% crushed ore placement nearing completion with the commissioning of the Pan Mine primary crushing circuit.
A 10,000 m program of resource expansion drilling underway at the Pan Mine in support of a resource and reserve update and a new life of mine plan in mid-2020.
Approximately 10,000 m of drilling largely completed and metallurgical work underway at the federally permitted Gold Rock project in support of a Preliminary Economic Assessment (“PEA”) by the end of calendar 2019.
Tim Warman, Fiore’s CEO commented, “Our team at the Pan Mine had another excellent year, with gold production within our guidance range and 21% higher than 2018 while continuing to maintain our high standards for safety and environmental protection. Gold production in Q4 decreased relative to Q3 in part due to placing lower grade ore as well a slower ramp-up of the crusher than we anticipated. However, tons crushed per day consistently increased through the quarter and as ore placement on the leach pad returns to planned levels, gold production is expected to likewise return to planned levels over the first quarter of FY/2020. The change from ROM to crushed ore marks the last major operational change at Pan, and the focus is now on our adjacent Gold Rock project which we intend to advance rapidly towards development and production. A PEA will be completed by year-end, and our plan is to transition directly from a positive PEA to a full Feasibility Study with the goal of arriving at a construction decision by mid-2021.”
FY/2019 Production
Quarterly and full-year production numbers for the Pan Mine are shown in the table below:
Q1 Q2 Q3 Q4 FY/2019
Gold Production (oz) 9,765 10,759 11,685 9,282 41,491
Ore Tons Mined (tpd) 15,196 13,211 14,114 13,156 13,923
Gold Grade (oz per ton) 0.016 0.015 0.014 0.013 0.015
Total Tons Mined (tpd) 37,792 34,782 38,275 43,005 38,484
Gold production of 41,491 ounces fell comfortably within our full year production guidance of 40,000 to 43,000 ounces. Pan mined 13,923 ore tons per day, also in line with our 14,000 ore tons per day guided target. Total tons mined of 38,484 tons per day reflects a strip ratio of 1.8 which as expected was higher than the 1.6 life of mine average strip. Importantly, the total tons mined per day trended upward through 2019 with Q4 of 43,005 total tons mined per day. This is a positive reflection of improved productivity from a mining perspective.
Q4 gold production was impacted by lower gold grades in the second half of the year in line with the mine plan. Additionally, Q4 ore mining rates and placement of crushed ore on the leach pad were lower than planned as we worked to achieve consistent crusher availability and throughput. Tons crushed per day consistently increased through the quarter. As ore placement on the leach pad returns to planned levels, gold production is expected to likewise return to planned levels over the first quarter of FY/2020. With 2019 production finishing 21% over 2018, we will look to build on the positive momentum heading into 2020 when we expect to see increased gold recoveries and production with a full year of placing predominantly crushed ore on the leach pad.
A new drilling program aimed at increasing the resource and reserve base and extending the mine life at Pan commenced in September 2019. The program will consist of approximately 10,000 m of reverse circulation drilling and may also include some diamond core holes. Once the drilling is complete, a new resource estimate will be carried out by our independent geological consultants and a new life of mine plan will be prepared by mid-2020.
At Gold Rock, work on the PEA continues to progress well with approximately 10,000 m of RC drilling now complete and a further 1,800 m of core drilling expected to wrap up by the end of October. Results for 17 of the 32 RC holes have been released to date, with the remaining holes in process at the assay lab. Drilling has encountered thick intervals of oxide gold mineralization both within and outside of the current resource pit shells and has shown that mineralization continues through a lightly drilled gap in the current resource.
The drilling program, resource update and ongoing metallurgical testing is part of a detailed development plan for Gold Rock that lays out the activities and schedule required to advance the project towards production. The plan aims to arrive at a construction decision by mid-2021, assuming successful completion of these activities and a positive feasibility study. Based on its experience operating the nearby Pan Mine, the Company intends to proceed directly from the PEA to a Feasibility Study in order to shorten the development timeframe.
The Gold Rock development plan will look to leverage the infrastructure and workforce at the adjacent Pan Mine to the greatest extent possible, in particular the existing Pan power line and the access road from Highway 50. We are also evaluating opportunities to reduce capital, operating expenses and environmental impacts by using the Pan ADR plant and assay lab.
Webinar
Red Cloud Financial Services will be hosting a webinar to discuss the above results tomorrow, Friday October 18th at 11AM. To register please visit https://www.redcloudfs.com/fioregoldwebinar/.
Technical Disclosure
The scientific and technical information relating to Fiore Gold’s properties contained in this news release was approved by J. Ross MacLean (MMSA), Fiore Gold’s Chief Operating Officer and a “Qualified Person” under National Instrument 43-101.
Corporate Strategy
Our corporate strategy is to grow Fiore Gold into a 150,000 ounce per year gold producer. To achieve this, we intend to:
continue to grow gold production at the Pan Mine, while increasing the resource and reserve base
advance the development of the nearby Gold Rock project
acquire additional production or near-production assets to complement our existing operations
On behalf of FIORE GOLD LTD.
“Tim Warman”
Chief Executive Officer
Contact Us:
info@fioregold.com
1 (416) 639-1426 Ext. 1
www.fioregold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This news release contains “forward-looking statements” and “forward looking information” (as defined under applicable securities laws), based on management’s best estimates, assumptions and current expectations. Such statements include but are not limited to, statements regarding , expectations for future performance of the Pan Mine, that the Pan Mine will transition away from Run of Mine operations toward 100% primary crushing, status drilling and assay results at the Gold Rock project, future expectations at the Pan Mine regarding, ore grades, gold production, strip ratio, mining rates and productivities, performance and benefits expected from the primary crushing circuit, drilling at the Pan Mine, expectations regarding increasing the mineral resources and reserves at the Pan Mine with recently initiated drilling program, plans for drilling and metallurgical testing, plans for a Preliminary Economic Assessment for the Gold Rock project, plans of a Feasibility Study for the Gold Rock project, expectations regarding production at the Gold Rock project, ability to leverage Pan Mine infrastructure to assist in the development of Gold Rock, growing gold production at the Pan Mine while increasing the resource and reserve base, advancing exploration and development of the Gold Rock project, goal to become a 150,000-ounce producer, goal to acquire additional production or near production assets, and other statements, estimates or expectations. Often, but not always, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects”, “expected”, “budgeted”, “targets”, “forecasts”, “intends”, “anticipates”, “scheduled”, “estimates”, “aims”, “will”, “believes”, “projects” and similar expressions (including negative variations) which by their nature refer to future events. By their very nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fiore Gold’s control. These statements should not be read as guarantees of future performance or results. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, as well as a number of assumptions made by, and information currently available to, the Company concerning, among other things, anticipated geological formations, potential mineralization, future plans for exploration and/or development, potential future production, ability to obtain permits for future operations, drilling exposure, and exploration budgets and timing of expenditures, all of which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Fiore Gold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to vary materially from results anticipated by such forward looking statements include, but not limited to, risks related to the Pan Mine performance, risks related to the company’s limited operating history; risks related to international operations; risks related to general economic conditions, actual results of current or future exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; possible variations in ore reserves, grade or recovery rates; uncertainties involved in the interpretation of drilling results, test results and the estimation of gold resources and reserves; failure of plant, equipment or processes to operate as anticipated; the possibility that capital and operating costs may be higher than currently estimated; the possibility of cost overruns or unanticipated expenses in the work programs; availability of financing; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities; the possibility that required permits may not be obtained on a timely manner or at all; possibility that the Gold Rock Record of Decision will be appealed and that such an appeal may be successful; changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Fiore Gold operates, and other factors identified in Fiore Gold’s filing with Canadian securities authorities under its profile at www.sedar.com respecting the risks affecting Fiore Gold and its business. Although Fiore Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. Fiore disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information.
CVE:VIT - VITFF / OPERATIONS RAMP-UP, DORÉ SHIPMENT AND AGM RESULTS
https://www.vitgoldcorp.com/news/victoria-gold-operations-ramp-up-dore-shipment-and-agm-results/
October 9, 2019
View in PDF format
Toronto, ON / October 09, 2019 / Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) is pleased to provide the results of the Company’s Annual General Meeting (“AGM”) along with an update on recent milestones and Eagle Gold Mine operational ramp-up.
Ramp-up of operations at the Eagle Gold Mine continues to meet budget parameters. As at the end of September 2019, approximately 5.4 million tonnes of material had been mined, including 1.7 million tonnes of ore and 3.7 million tonnes of waste. 1.1 million tonnes of ore had been crushed, conveyed and stacked on the heap leach pad. Ore gold grade to the pad is achieving expectations and early grade reconciliations are in-line with the mine plan. As at the end of September, the mine had worked 217,836 Lost Time Incident (“LTI”) free hours since operations were handed over to Victoria on July 1, 2019; and nearly 1.75 million hours since the only LTI in early 2018.
On October 8, 2019, the Company made its first shipment of doré from the Eagle Gold Mine to be delivered to the Royal Canadian Mint for refining. The shipment contained 2,450 ounces (76.2 kilograms) of doré comprising 83.3% gold and 8.7% silver. The approximate, current value of the shipment is over US$3 million (CDN$4 million). Pouring, and shipment, of doré bars is expected to continue on a weekly basis.
“I take this opportunity to thank our operations team. They have worked, and continue to work, safely, passionately and tirelessly to ensure a rapid and smooth ramp-up of the Eagle Gold Mine.”, remarked John McConnell, President & CEO. “This inaugural gold shipment is testament to that hard work, and there is so much more to come!”
All matters submitted to shareholders for approval, as set out in the Company’s Management Information Circular dated August 28, 2019, were approved by the majority of votes at its AGM held in Toronto on October 8, 2019, including resolutions:
re-electing the Company’s incumbent board of directors including: Sean Harvey, John McConnell, Michael McInnis, Christopher Hill, Sean Roosen, Jacques Perron and Letha MacLachlan, Q.C.;
re-appointing PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year;
renewing the Company’s 10% Rolling Stock Option Plan;
amending the Company’s Articles to specify that 2/3 of votes are needed for special resolutions of shareholders, rather than 3/4 previously; and,
allowing for the consolidating of the Company’s shares on the 15 for 1 basis.
About the Dublin Gulch Property
Victoria Gold's 100%-owned Dublin Gulch gold property is situated in central Yukon Territory, Canada, approximately 375 kilometers north of the capital city of Whitehorse, and approximately 85 kilometers from the town of Mayo. The Property is accessible by road year-round, and is located within Yukon Energy's electrical grid.
The Property covers an area of approximately 555 square kilometers, and is the site of the Company's Eagle Gold Deposit. The Eagle Gold Mine is under construction and is expected to be Yukon's next operating gold mine. The Eagle and Olive deposits, include Proven and Probable Reserves of 2.7 million ounces of gold from 123 million tonnes of ore with a grade of 0.67 grams of gold per tonne, as outlined in a National Instrument 43-101 feasibility study entitled Report for the Eagle Gold Project and dated October 26, 2016. The NI 43-101 Mineral Resource for the Eagle and Olive deposits has been estimated, as at December 5, 2018, to host 208 million tonnes averaging 0.66 grams of gold per tonne, containing 4.4 million ounces of gold in the "Measured and Indicated" category, inclusive of Proven and Probable Reserves, and a further 20 million tonnes averaging 0.64 grams of gold per tonne, containing 0.4 million ounces of gold in the "Inferred" category.
Qualified Person
The technical content of this news release has been reviewed and approved by Anthony (Tony) George, P.Eng., as the Qualified Person. For additional information relating to the Property, refer to the technical report entitled “NI 43-101 Feasibility Study Technical Report for the Eagle Gold Project, Yukon Territory, Canada”, with an effective date of September 12, 2016, which is available on the Company’s profile at www.sedar.com.
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.
For Further Information Contact:
John McConnell
President & CEO
Victoria Gold Corp
Tel: 416-866-8800
Fax: 416-866-8801
EAU.V Private Placement News
Volume is rising, almost 500,000 shares traded yesterday
“... Copperstone is owned and operated by Kerr Mines.
The Copperstone Mine has produced over one-half million ounces of gold. We are going back underground and are now underway on Phase 2. The men have been working hard to get Copperstone back on line. It's pumped out.We're setting up new pumping stations. Rehab bolting and running new utlilities. Won't be long and we'll be producing $ GOLD $. Still a few more things to do.
But as soon as RC drilling program is completed, we'll be ready to Rock and Roll....”
I personally want to thank all of the miners, geologists, engineers, contractors, construction workers for bringing the Golden Copperstone Mine back to life!
Thank you very kindly indeed and sincerely!
https://www.gearymiller.com/copperstone/
https://www.gearymiller.com/copperstone/Copperstone Mine
https://www.gearymiller.com/blog/the-underground-miner/
https://www.gearymiller.com/copperstone_work.html
PS WOW!
Read more at https://stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=30150837#yCvdIK6PrL1WKe1F.99
BILL MURPHY > $666 Silver & $10,000 Gold Prices by Year-End, Here's Why
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REFERENCES:
EXJ = Exploratory Jr. Miner
ProJ = Producing Jr. Miner
NTPro = Near Term Producer Jr. Miner
PMM = Producing Major Miner
A
Abbastar Resources Corp. (ABA.V) EXJ , Uranium www.abbastaruranium.com IR (604-658-2040) info@abbastaruranium
Allana Resources Inc. (AAA.V) (ALLRF), EXJ, Potash, www.allanaresources.com IR (416-861-2267) info@allanaresources.com
Adrianna Resources Inc. (ADI.V) (ANARF) EXJ Iron + Port project www.adrianaresources.com Robert Ferguson IR (877-629-0150) rferguson@adriannaresources.com
American Sierra Gold Corp (AMNP) EXJ, Gold,www.americansierragold.com/ Investor Relations, 1-888-279-3921, ir@americansierragold.com
Anooraq Resources Corporation (TSXV: ARQ; NYSE Amex: ANO) , PROJ, Platinum Group Metals www.anooraqresources.co.za/default.asp Investor Relations info@anooraqresources.co.za
Atlas Mining Company (ALMI) ProJ, Haylocite Clay, www.atlasmining.com Tim Clemensen-IR (212-843-9337) tclemensen@rubensteinir.com
Avalon Ventures Ltd. (AVL) , EXJ, REES, www.avalonraremetals.com Don Bubar Pres. (416-364-4938) dsbubar@avalonraremetals.com
Azteca Gold Corp. (AZG.V) (AZGFF) EXJ Gold, Silver, www.azteca-au.com John Slizza -IR (509-981-2020) info@azteca-au.com
B
B2Gold Corp. (BTO.TO) PMM, Gold www.b2gold.com Ian MacLean IR (604-681-8371) investor@b2gold.com
Baja Mining Corp. (BAJ.TO) (BAJFF) EXJ, Copper, Cobalt, Zinc www.bajamining.com IR (604.685.2323) info@bajamining.com
Banro Corp. (BAA) NTpro, Gold, www.banro.com IR (800-714-7938 ) info@banro.com
Beard Company (BRCO) NTPro, Gold www.beardco.com IR (405-842-2333) info@beardco.com3
Bravo Gold Corp. (BVG.V) (BVGIF) EXJ Gold, Silver www.bravoventuregroup.com IR (888-456-1112) corpdev@mnxltd.com
Brigus Gold Corp. (BRD.TO) (AMEX: BRD) Gold, Silver http://www.brigusgold.com/ IR (866-785-0456) ir@brigusgold.com
Bullion Monarch Mining, Inc.(BULM) PROJ, Gold Silver, Oil Shale, www.bullionmm.com/ R. Don Morris, President, Bullion Monarch Mining (801) 426-8111,info@bullionmm.com
Butler Resources Corp. (BTD/H.V), EXJ, REE www.butlerresource.com IR (866-669-9377)
C
Cadan Resources Corp. (CXD.V) (CADAF) NTPro Gold, Silver, Copper www.cadanresources.com/index.html IR John Andersonl (604 604-218-7400) News www.cadanresources.com/news.html
CanAlaska Uranium LTD. (CVV) (CVVUF), EXJ, Uranium www.canalaska.com Emil Fung-VP Corp. Dev. (604-688-3211 ext. 318) info@canalaska.com
Canada Lithium Corp. (CLQ.TO) EXJ, Lithium www.canadalithium.com IR (416-361-2821) ir@canadalithium.com
Canadian Zinc Corp. (CZN.TO) (CZICF) EXJ, Zinc, Gold, Lead, Silver, www.canadianzinc.com IR (416-362-6686)
Caledonia Mining Corp. (CAL.TO) (CALVF) EXJ, Gold, Copper, Cobalt, www.caledoniamining.com IR (416-
Capital Gold Corp. (CGC) (CGLD), ProJ, Gold, www.capitalgoldcorp.com IR (212- 344-2785) kelly@capitalgoldcorp.com
China Gold International Resources Corp LTD. (CGG.TO) (HKSE: 2099) Pro, Gold Silver http://www.chinagoldintl.com/s/Home.asp IR (604-695-5032)
Coeur D Alene Mines Corp. (CDE) (CDM) PMM, Silver www.coeur.com IR (800-624-2824 )
Commerce Resources Corp. (CCE.V) (CMRZF) EXJ, REE www.commerceresources.com Kevin Bottomley- IR/Shareholder Services (604-484-2700 ext. 226) kevin@commerceresources.com
Comstock Mining Inc. (LODE), EXJ, Gold, Silver, http://www.comstockmining.com IR (775-847-4755)
Constitution Mining Corp. (CMIN) EXJ, Gold , www.constitutionmining.com IR (888-475-0070) info@constitutionmining.com
Conquest Resources Ltd. (CQR.V) (CQRLF), EXJ, Gold www.conquestresources.net Brett Whitelaw- IR (778- 836-5891) info@conquestresources.net
Coronado Resources Ltd. (CDR.V) (CRDAF) ProJ, Gold Silver, Copper, www.coronadoresourcesltd.com. (604-683-6338) jd@coronadoresourcesltd.com
D
Dana Resorces (DANR) EXJ Gold, Silver, Copper www.danaresouces.com (702-952-9629) info@danaresources.com
Diamonds North Resources Ltd. (DDN.V) (DDNFF) EXJ, Diamonds, Gold www.diamondnorthresources.com Nancy Curry - VP Corp, Communications (604-689-2010) info@diamondsnorth.com
DRDGOLD Ltd. (DROOY) PROJ Gold www.drdgold.com/default.asp
Dutch Gold Resources (DGRI) EXJ, Gold, Silver, www.dutchgoldresources.com David Waldman- IR (212-671-1020) info@dutchgoldresources.com
E
ECU Silver Mining Inc. (ECU.TO) (ECUXF) ProJ, Gold, Silver www.ecu.ca IR(858- 456-7300) jm@sdthc.com
Eastern Platinum Ltd. (ELR.TO) PMM, Platinum www.eastplats.com IR (604-685-6851) info@eastplats.com
Ecometals Limited (EC.V)(ECMLF ) EXJ, Gold, Iron, Maganese www.ecometalslimited.com IR (44-207-340-8520)
Eldorado Gold Corp. (ELD.TO) (EGO) PMM, Gold www.eldoradogold.com IR (604-687-4018) info@eldoradogold.com
Endeavour Silver Corp.(EXK) (EDR)PMM, Silver www.edrsilver.com Hugh Clarke IR (877-685-9775)
Evolving Gold (EVG.V) ( EVOGF) EXJ, Gold, www.evolvinggold.com Quinton Hennigh-President (303-678-1207) quinton@evolvinggold.com
F
First Lithium Resources.Inc. (MCI.V) (FLNTF), EXJ, Lithium bearing Pegmatite www.firstlithiumresources.com IR (877-669-0401) info@firstlithiumrresources.com
First Majestic Silver Corp. (FR.TO) (FRMSF) EXJ, Silver www.firstmajestic.com IR (604-688-3033) info@firstmajestic.com
Forum Uranium (FDC.V ) (FDCFF) EXJ http://www.forumuranium.com/s/Home.asp Tel: 604-630-1585 Toll Free: 1-866-689-2599
G
Garibaldi Resources Corp. (GGI.V) EXJ Gold, Silver www.garibaldiresources.com (604- 488 -8851) info@garibaldi.com
Geodex Minerals Ltd. (GXM.V)EXJ, Tin, Molybdenum, Tungsten, Indium, REE www.geodexminerals.com IR Liana Shahinian (604-689-7771) info@geodexminerals.com
Geovic Mining Inc. (GMC.V) (GVCM) EXJ, Cobalt www.geovic.net Andrew C. Hoffman VP (720-350-4130) ahoffman@geovic.net
Gold Coast Mining Corp. (GDSM), EXJ , Gold www.goldcoastmining.com Financial Director (00 233(0)542012011) info@goldcoastmining.com
Gold Crest Mines Inc. (GCMN) EXJ Gold www.goldcrestminesinc.com IR (509-893-0171) info@goldcrestminesinc.com
Goldstone Resources (GRC.TO) (GRSZF) EXJ Phone: 416-628-6626 ext. 6332 http://www.goldstoneresourcesinc.com/
Gold Reserve Inc. (GRZ) EXJ, Gold, Copper, Molybdenum www.goldreserveinc.com Tim Clemensen IR (212-843-9337)
Gold Resource Corp. (GORO), NTPro, Gold, Silver, www.goldresourcecorp.com Jason Reid-VP Corp. Dev. (303-320-7708) jasonreid@goldresourcecorp.com
Grayd Resource Corp (GYD.V ) (GYRSF) EXJ Gold,Silver, Zinc http://www.grayd.com/
Great Basin Gold Ltd. (GBG), NTPro, Gold www.greatbasingold.com Michael Curlook IR (888 633-9332) michaelc@gbgold.co.za
Great Western Mining Group (GWG.V), ProJ, REE, Specialty Alloys, Processing plant www.gwmg.c Ron Malashewski IR Manager (306-659-4500)a info@gwmg.ca
H
Hathor Exploration Ltd. (HAT.V) EXJ, Uranium www.hathor.ca JJ Jennox IR Director (604-684-6707) info@hathor.ca
Hawthorne Gold Corp. (HGC.V) (HWTHF), EXJ, Gold, www.hawthornegold.com Todd Hanas IR (604-484-3668) todd@hawt hornegold.com
Hecla Mining Co. (GSC) (HL), ProJ, Silver, Gold ,Lead, Zinc, www.hecla-mining.com IR (208-769-4128) hmc-info@hecla-mining.com
Houston Lake Mining Co. (HLM.V) (HLKMF), EXJ, Gold, Platinum, REE, www.houstonlakemining.com IR-Linx Partners/Wanda Cutler (416-303-6460) wcutler@linxinc.com
I
IAMGOLD Corp. (IMG) (IAG), ProJ, Gold, Niobium, Diamonds www.iamgold.com Tamara Brown - Director Investor Relations (416-360-4743) info@iamgold.com **LATEST NEWS** www.iamgold.com/news.asp
Indocan Resources Inc. (IDCN), EXJ, Gold, Platinum, Oil www.indocan.com Ken Ash IR (910-300-8189) info@indocan.com **LATEST NEWS** http://www.indocan.com/frontpage.html
International Coal Group Inc. (ICO), PMM, Coal www.intlcoal.com Ira Gamm IR (304- 760 - 2619) igamm@intlcoal.com*LATEST NEWS** http://www.intlcoal.com/pages/news/2009/20090915.pdf
Imperial Metals (III) (IPMLF) PROJ, Copper, Gold, Moly, www.imperialmetals.com/s/Home.asp IR 604-488-2657 info@imperialmetals.com
J
Jaquar Mining Inc. (JAG), PMM, Gold www.jaquarmining.com IR 603-224-4800 ir@jaguarmining.com
K
Klondike Silver Corp. (KS.V), (KLSVF), ProJ, Silver, Gold, Lead, www.klondikesilver.com IR 604-685-222 info@klondikesilver.com
Kobex Minerals Inc. (KXM) EXJ Gold, Silver
Kootenay Gold (KTN.V) (KOOYF) EXJ Gold, Silver 604-601-5650, Toll Free 1-888-601-5650 http://www.kootenaygold.ca/
L
Largo Resources Ltd. (LGO.V) EXJ, Vanadium, Tungsten/molybdenum www.largoresources.com IR (416-861-5895) info@largoresources.com
M
Madison Minerals Inc. (MMRSF) (MMR.V) EXJ, Gold, Silver, Copper www.madisonminerals.com IR (604- 331-8772)
Mag Silver Corp. (MVG) (MAG) EXJ, Silver, Molybdenum www.magsilver.com Gordon Neal IR (604-630-1399) info@magsilver.com
Matamec Exploration Inc. (MAT.V) (MTCEF) EXJ, Gold,Silver,REE www.metamec.com André Gauthier Pres. (514-844-5252) Info@matemec.com
Mega Uranium Mining Ltd. (MGA.TO) EXJ, Uranium www.megauranium.com Richard Patricio EVP (416.643.7630) ir@megauranium.com
Metalline Mining Co (MMG) EXJ Silver, Copper Zinc, Lead http://www.metalin.com/
Minera Andes Corp. (MAI.TO) (MNEAF) ProJ Gold, Copper www.minandes.com Helen Bilhete -Director of IR (647-258-0395) info@minandes.com
N
National Coal Corp. (NCOCF), PMM, Coal www.nationalcoal.com Christine Pietryla IR (865-690-6900 ext. 150) cpietryla@natinalcoal.com
Nevsun Resources Ltd. (NSU) NTP Gold, Copper, Silver, Zinc www.nevsun.com/ IR ir@kincommunications.com
New Gold Inc. (NGD) PROJ, Gold, www.newgold.com/ IR Toll-free: (888)315-9715 info@newgold.com
Northbay Resources Inc. (NBRI), EXJ, Gold, Silver, Platinum, www.northbayresources.com IR (215-661-1100) corp@northbayresources.com
New Pacific Metals Corp. (NUX.V) EXJ, Gold, Silver www.newpacificmetals.com IR (604-633-1368) info@newpacificmetals.com
Northern Shield Resources Inc. (NRN.V) EXJ Platinum, Diamonds www.northern-shield.com IR (613.232.0459) info@nothern-shield.com
Northgate Minerals Corp. (NGX)(NXG), ProJ, Gold, Copper, www.northgateminerals.com IR (416-363-1701) ngx@northgateminerals.com
NovaGold Resources Inc. (NG), EXP, Gold, Copper, www.novaglod.com Greg Johnson IR (866-669-6227) www.novagold.net
O
Oro Gold Resources Ltd. (OGR.V) (OGRSF) EXJ, Gold www.orogoldresources.com Ariel Cobangbang Corp. Communications communications@orogold.com
P
Pacific Gold Corp. (PCFG) NTPro, Gold, Tungsten www.pacificgoldcorp.com IR (416-214-1483) info@pacificgoldcorp.com
Passport Metals Inc. (PPI.V)(PPIMF), EXP, Potash, Gold, Copper www.passportmetals.com
Paramount Gold and Silver Corp. (PZG), EXJ, Gold, Silver www.paramountgold.com (613- 226-9881)
PHI Mining Group Inc. (PHIG) EXJ, Copper, Lead, Zinc, Black Marble www.phimining.com (714-843-5450) infophiglobal.com
Piedmont Mining Co. (PIED) EXJ Gold, Silver www.piedmontmining.com IR Maria Da Silva (877-261-4466)
Polymet Mining Corp. (PLM) (POM) PROJ, Copper, Nickel, Cobalt, Platinum, Palladium, www.polymetming.com Douglas Newby (646-879-5970) dnewby@polymetmining.com
Premier Goldmines Ltd. (PG.TO)(PIRGF), EX, Gold www.premiergoldmines.com IR (807- 346-1390) info@premiergoldmines.com
R
Rare Element Resources Ltd. (RES.V) (RRLMF) EXJ, REE www.rareelementresources.com Donald E Ranta- Pres.CEO don@rareelementresources.com
Roxmark Mining Ltd . Now Goldstone Resources (GRC.TO ~ GRSZF) EXJ http://www.goldstoneresourcesinc.com
Rubicon Minerals Corp. (RMX.TO) (RBY) EXJ, GOLD www.rubiconmetals.com Bill Cavalluzzo -VP (866-365-4706) rubicon@rubiconminerals.com
S
Sangold Corp. (SGR.TO) (SGRCF) ProJ, GOLD www.sangoldcorp.com IR (800-321-8564) info@sangoldcorp.com
Sarissa Resources Inc. (SRSR), EXJ, Niobium, REE www.sarissaresources.com Merle Goetz IR- (604-688-2349) merleg@shaw.ca
Shoshone Silver Mining Co. (SHSH) NTPro, Gold, Silver www.shoshonesilvermining.com IR (208-664-0620 ) lsmith@shoshonesilvermining.com
Sierra Gold Corp. (SGCP) ProJ, Gold, Diamonds, www.sierragoldcorp.com (416-200-6966) Doug Evans - CEO dougevans@sierragoldcorp.com
Silver Falcon Mining Inc. (SFMI), NTPro, Gold, Silver www.silverfalconmining.com Rich Kaiser IR (757-306-6090) yes@yesinternational.com
Silvercorp Metals Inc. (SVMFF) PMM, Silver, Gold, Lead, Zinc, www.silvercorpmetal.com Shirley Zhou IR (604-669-9397) ir@silvercorp.ca
Silver Wheaton Corp. (SLW) PMM, Silver www.silverwheaton.com Brad Kopp IR (604-684-9648) info@silverwheaton.com
Slam Resources Ltd. (SXL.V)(SLMXF), EXJwww.snowfield.com/welcome/index.htmlXPJ, Gold, Copper, Nickel www.slamresources.com IR (866-523-6719) request@slamexploration.com
Snowfield Development Corp. (SNO.V)(SWFCF) EXJ Gold Diamonds, Uranium, www.snowfield.com/welcome/index.html IR (604-681-5720) communications@snowfield.com
Soltera Mining Corp. (SLTA), NTPro, Gold www.solteramining.com IR (888-768-5552) info@solteramining.com
Strathmore Minerals Corp. (STM.TO) (STHJF) PMM, Uranium www.strathmoreminerals.com IR (800-647-3303 ) info@strathmoreminerals.com
T
Tara Gold Resource Corp. (TRGD) EXJ, Gold www.taragoldresources.com (630-462--2079) president@taragoldresources.com
Taseko Mines LTD. (TKO)(TGB) ProJ Copper, Molybdenum, Gold www.tasekomines.com Brian bergot IR (773-373-4545) brianbergot@tasekomines.com
Teck Mining Company (TCK) (TCK/A.TO) PMM, Zinc, Lead, Copper, Molybdenum, Cadmium, Germanium, Indium, Gold, Silver, Coal www.teck.com Catherine Hart - Corp. Communications (604-699-4503)catherine.hart@teck.com
Terrane Metals Corp. (TRX) NTPro, Gold Copper, Moly, Silver, www.terranemetals.com/s/Home.asp
Timberline Resources Corp. (TLR) NTPro, Gold silver zinc, copper, www.timberline-resources.com/home.html IR phone 208.664.4859 info@timberline-resources.com
Timmins Gold (TMM) (TMGOF), PROJ, Gold www.timminsgold.com/s/home.asp IR info@timminsgold.com
TNR Gold Corp. (TNR) EXJ, Gold, copper, Moly, Lithium, and rare earths, www.tnrgoldcorp.com/s/Projects.asp IR 1-800-667-4470, Email, info@tnrgoldcorp.com
Treasury Metals Inc. (TML.TO)(TSRMF) EXJ Gold, Silver, Lead, Zinc IR (416 214-4654) info@treasurymetals.com
Tri Valley Corp. (TIV) EXJ, Gold, Limestone, Oil, Natural Gas, www.tri-valleycorp.com Ted Pompa IR (661-864-0500) info@tri-valleycorp.com
U
Ucore Uranium Inc. (UCU.V) (TIV) EXJ, Uranium www.ucoreuranium.com Scott Koyich IR (403) 619 2200) info@ucoreuranium.com
US Silver Corp. (USA.V)( CYLPF) ProJ, Silver, Copper, Lead, www.us-silver.com Macdougall Consultants LTD.(226-663-3000) macdougall_consult@us-silver.com
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VIPR Industries (VIPR) EXJ, Gold, Uranium, Diamonds, www.viprindustries.com IR (702-940-0494) info@viprindustries.com
W
Western Sieraa Mining (WSRA) NTPro, Gold, Silver, www.westernsierramining.com IR (928-680-55130 ) info@westernsierramining.com
The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"
http://www.youtube.com/watch?v=yhKHwrUA5SM&feature=related
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