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« ...Despite the recent fall in copper prices, however, long-term demand is expected to remain strong driven by, for example, infrastructure projects especially in developing Asia and wider adoption of electric cars.
Chen Jinghe, chairman of Zijin, said in a statement that as the new owner of Nevsun, Zijin would continue to advance ongoing projects.
“At the Timok Project in Serbia we intend to rapidly develop the Upper Zone and bring it into production, and continue to advance and define the world-class potential of the Lower Zone," Chen Jinghe, chairman of Zijin, said.
As part of the deal with Nevsun, Zijin Mining Group will also take over assets in Eritrea. Nevsun has significant exploration areas licensed in Macedonia, but last year citizens of the southern Macedonian town of Gevgelija resoundingly voted 'no' in a referendum on whether to allow Nevsun’s Reservoir Minerals to open two gold mines in the area.
Formed in 1993, Zijin is based in Fujian, China and is a leading global mining company specialising in gold, copper, zinc and other mineral resource exploration and development. It manages an extensive portfolio, primarily consisting of gold, copper, zinc, and other metals, through investments in China and nine other countries.
http://www.intellinews.com/zijin-taps-deeper-into-serbian-copper-sector-with-1-2bn-nevsun-takeover-148011/
Might an acquisition be in the cards for Kerr Mines?
https://kerrmines.com
https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html
No point in KERR Mines publishing anything until the GOLD price POPS imho!
http://pandionmetals.co
Pandion may be waiting until the price of GOLD increases prior to... imo
https://kerrmines.com
http://www.kitco.com/commentaries/2018-09-06/Gold-Prices-Gain-But-Fail-to-Hold-Intraday-Highs.html
President « ...Trump has 'no exit ramps' in the US-China trade war: Professor... »
https://www.cnbc.com/video/2018/09/05/trump-has-no-exit-ramps-in-the-us-china-trade-war-professor.html
https://www.businesslive.co.za/bd/markets/2018-09-06-asian-shares-extend-losses-safe-haven-gold-gets-a-lift/
https://kerrmines.com/copperstone/
« ...Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion
« ...Nevsun's Board of Directors unanimously recommends that you ACCEPT Zijin's friendly offer.
In the Board's view, Zijin's all-cash offer of C$6.00 per Nevsun share is:
Represents an attractive premium
Certain and immediate liquidity for shareholders
$1.25 per share, or 26% premium to Lundin's hostile takeover bid of C$4.75 per share
Please see below for more details about the Zijin offer. We will continue to update this page with new materials as they become available, and we urge our shareholders to return regularly.
https://www.nevsun.com/investors/strategicreview/
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/714-tsx/nsu/51682-friendly-all-cash-agreement-for-nevsun-to-be-acquired-by-zijin-mining-for-us-1-41-billion.html
I hope KERR Mines is not targeted next for an acquisition ? http://www.zijinmining.com
Kerr Mines (KER) 0.15 DOWN -0.015 (-9.09%)
Volume: 70,200 @ 3:58:57 PM EDT ET
https://kerrmines.com/investors/
« ...Gold prices rose on Wednesday from an 11-day low as the U.S. dollar eased from its recent rally.
Gold has fallen 1.5 percent from an Aug. 28 high as currency weakness in emerging markets and concerns over global trade disputes strengthened the dollar, making bullion more expensive for buyers with other currencies.
The greenback slipped on Wednesday after a report that Germany would be ready to accept a less detailed agreement on the UK's future economic and trade ties with the EU in a bid to get a Brexit deal done. That boosted the pound and the euro.
With gold still close to a 1-1/2 year low of $1,159.96 an ounce touched last month, there is little room for prices to fall, Julius Baer analyst Carsten Menke said.
"Gold is showing signs of bottoming," he said.
https://www.cnbc.com/2018/09/05/gold-markets-trade-emerging-markets-and-dollar-in-focus.html
« ...LABOR DAY 2018 saw global gold bullion prices edge back to $1200 per ounce in quiet trade on Monday, down 0.3% for the day, as US markets stayed closed for the end-of-summer holiday.
Asian and European equities ticked lower, also in quiet trading, as crude oil rose to 2-month highs and the other precious metals held firmer than gold.
Silver slipped 3 cents per ounce to $14.51 by mid-afternoon in London as platinum prices added 50 cents from Friday's finish to trade at $788.
Betting against silver prices by hedge funds and other 'Managed Money' traders last week grew for the 4th week running on Comex futures and options, approaching April 2018's record-heavy levels according to US regulator the CFTC's data series.
Managed Money betting against platinum meantime reached a new record, with that group's bearish positions outnumbering its bullish bets for the 21st week in succession.
Comex gold contracts have, over the last 10 years, seen the Managed Money group of traders average a positive weekly bet equivalent to $16.2bn of metal.
https://www.bullionvault.com/gold-news/gold-price-090320181
« Gold Is Heading to $1,400 If Trade War Breaks Out, According to Sprott.... »
« ...Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc., who’s been involved in the market for four decades.
Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the three-decade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchange-traded fund holdings are around the highest in half a decade.... »
« ... President Donald Trump has ordered import tariffs on steel and aluminum and sought new restrictions on Chinese investment. Asia’s top economy retaliated by imposing its own levies on Monday, while the U.S. is expected to release this week a new list of Chinese products to be slapped with duties. A trade war could crimp demand for U.S. assets just as the budget deficit swells, with the dollar vulnerable should international buyers shun American debt.... »
https://www.bloomberg.com/news/articles/2018-04-02/gold-to-top-1-400-as-sprott-s-rule-sees-winnerless-trade-war
We shall see $1400 POG ? If Sprott management is right these KERR shares are a bargain imho
http://sprott.com/investment-strategies/physical-bullion-trusts/
KERR Mines 1055 Westlake Drive, Suite 300
Berwyn, Pennsylvania 19312 USA
647-229-0503
https://www.sec.gov/Archives/edgar/data/1726685/000160383217000004/xslFormDX01/primary_doc.xml
I must admit; I extremely pleased to see that Kerr Mines’ principal place of business is in the USA...
https://markets.ft.com/data/equities/tearsheet/summary?s=KER:TOR
« ... One that comes to mind was South32 Ltd. (S32:ASX), the Australian base metals and industrial metals company, buying Arizona Mining Inc. (AZ:TSX), which owns a sizable base metal deposit, very well located near I-10 in Arizona, with a multidecade mine life. There are nearby properties that are also coming into play that have the same feeder zones that may also be part of a larger transaction going forward.
Companies are more comfortable with their balance sheets and with the markets. The new tax plan for companies in the U.S. has certainly helped. It improved the economics of the projects. I think this trade war conversation also factors into it because if the U.S. is going to go through this new wave of infrastructure buildout, it's going to push for domestic inputs as much as possible. If we're looking at this as a multidecade project, then buying and building a mine today to be in operation in five or six years may be a great time to benefit from this new demand.... »
https://www.streetwisereports.com/article/2018/07/09/trade-wars-gold-and-a-once-in-a-lifetime-opportunity.html
Kerr trading @ .16 cents NOT impressed at all!
The KERR stock price is not reflecting my positive opinion of this stock or their amazing high grade GOLD and Copper reserves... https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
Kerr is becoming an actual hero$ or zeroes stock ?
Kerr is going to explode in 2020 if it can survive the present low GOLD price...
Frustrating but Kerr might be worth a long wait...
WE $HALL $EE!
Cheers,
GPB
Kerr trading @ .155 cents Canadian..NOT Impressed eom
Mr. « ...Becker confirmed he’s been working with Kerr Mines to reopen the old Copperstone Gold Mine between Parker and Quartzsite.... »
« ...After some years of not providing funding, the La Paz County Board of Supervisors has announced they intend to provide $30,000 to the La Paz Economic Development Corporation in fiscal year 2018-19. The funds would come out of $105,000 the county has in its budget for “community partners.”
At a work session Aug. 15, the Board Chairman, District 2 Supervisor Duce Minor, said this is money being invested in the county.
“We get a direct benefit from the work they do,” Minor said.
Minor said the county’s sales tax revenue has increased from $185,000 per month to $214,000 per month, and that is mostly additional taxes from new construction and the work of the La Paz EDC.
District 1 Supervisor D.L. Wilson remarked, “I don’t know anyone else who has that kind of return.”
District 3 Supervisor Holly Irwin told La Paz EDC President Skip Becker, who was at the Aug. 15 work session, that she has not had a lot of communication with him. She said she’d like to see a quarterly report on what he’s been going in her district.
Becker replied by offering an overview of what’s been developed in the county. He stated a lot of things need to be kept confidential until the businesses involved are ready to announce them.
As for creating development, Becker said that, from 1988 until 2013, there was approximately $30 million in development activity in La Paz County, excluding housing and tribal activities. Since he was named to head the EDC, there has been $300 million in development.
Becker said one of the problems in District 3 is a lack of infrastructure. As an example, he later said there’s little electrical infrastructure on Interstate 10 between Quartzsite and Vicksburg Road. He said it’s also hard to draw people for a labor force.
Less than 5 percent of the land in La Paz County is taxable, Becker said, and much of the land does not have power or internet access.
Irwin said she appreciated the work Becker did. He replied he would make efforts to keep her more informed.
The biggest development project Becker and the La Paz EDC have brought to La Paz County is the Rose Acre Farms egg farm south of Bouse on State Route 72. They were also responsible for the Hampton Inn Hotel and O’Reilly’s Auto Parts in Parker. At the Aug. 15 meeting, Becker confirmed he’s been working with Kerr Mines to reopen the old Copperstone Gold Mine between Parker and Quartzsite.
Becker was named head of the La Paz EDC in 2013. In 2015, he was named Economic Developer of the Year Small Community by the Arizona Association for Economic Development. He was named to the AAED Board of Directors in 2016 and was reelected in 2018. He currently chairs the AAED’s Rural Committee.
In the discussion of funding other entities, Irwin said she would like to see funding for the Bouse and McMullen Valley Chambers of Commerce increased from $7,500 to $9,000. She said that, given their total budgets, that amount is not out of line. The total budget for the Bouse Chamber is $14,700, while the McMullen Valley Chamber is budgeted at $20,000.
The Board of Supervisors was set to approve funding for outside entities at their Aug. 20 regular meeting.
https://www.parkerpioneer.net/news/article_16b65bb2-a572-11e8-8328-d727cb057ec4.html
https://kerrmines.com
« ... Kerr Mines has signed two agreements to sell its interest in its Larder Lake project for aggregate proceeds of approximately C$11m.
Under the first agreement, the company will sell Kerr Addison property, McGarry mine property and the additional McGarry Township claims.
It will receive C$1,250,000 on closing, C$750,000 after 18 months of closing and a 2% net smelter return royalty on the properties.
Kerr will sell its Bear Lake gold property and the remaining McVittie Township claims under a second deal for $5.6m upon closing. The agreement also accounts for $2.4m on sale of the property by the purchaser or if gold price increases $1,500 per ounce in six months, if 500,000oz of proven or probable reserves are established on the property, the completion of a feasibility study, or if production financing is secured.
Kerr Mines will also receive a 2% net smelter return royalty on the properties and the purchaser may buy 1% of the royalty for C$1m.... »
https://www.mining-technology.com/news/newsdeals-this-week-greenflag-ventures-kerr-mines-miranda-gold-and-more-4439753/
$11,000,000 million Canadian in aggregate proceeds? Kerr Mines needs to be more transparent regarding large financial transactions IMHO
https://kerrmines.com/kerr-mines-sells-remaining-northern-ontario-land-package-bolsters-shareholder-value/
« ...Kerr Mines sells remaining Northern Ontario land package, bolsters shareholder value
« Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce that the Company has divested all of its interest in the McGarry Mine and Barber-Larder Properties (collectively “McGarry”) to McGarry-Larder Mines Inc., a wholly owned subsidiary of Orefinders Resources Inc, (TSX-V: ORX) (“Orefinders”).
Kerr shall receive 8,000,000 common shares, approximately 9.0%, of Orefinders outstanding share capital, in addition, the Company will receive 440,248 common shares of Power Ore (TSX-V: PORE), a battery metal focused company.
“The sale of the McGarry assets for common shares in Orefinders, is an excellent value creating opportunity for Kerr Mines Shareholders. The McGarry assets in Northern Ontario fit with Orefinders plans of developing assets in the Abitibi and will unlock value for Kerr Mines shareholders” stated Claudio Ciavarella, CEO, Kerr Mines Inc. “the centerpiece of our strategic growth vision is focusing our resources on our core asset, the Copperstone Mine in Arizona, and creating shareholder value through the advancement of this project” concluded Ciavarella.
About Kerr Mines Inc.
Kerr Mines is an Emerging American Gold Producer [color=red][/color]currently advancing the 100% owned, fully permitted past-producing Copperstone Mine project to production. Copperstone is a high-grade gold project located along a detachment fault mineral belt in mining-friendly Arizona. This gold project in Arizona demonstrates tremendous exploration potential targeting multi-million ounce prospects within a 4,775 hectare (11,800 acres) land package.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/51082-kerr-mines-sells-remaining-northern-ontario-land-package-bolsters-shareholder-value.html
« ... The mining will take place under the former open pit. There will also be a milling facility. Martin Kostuik said the gold is all microscopic.
The best thing about the mine, he said, is most of the needed infrastructure is already in place.
Kostuik said he’s been working with local officials and Skip Becker of the La Paz Economic Development Corp. to make reopening the mine a reality.
There are currently 15 people working at the mine, Kostiuk said. When it’s in full production, he expects they will have 120 people working there.
“There’s a very strong chance of us being part of this community for a long time,” he said.... »
https://www.parkerpioneer.net/news/article_d84ae7e2-9a6a-11e8-a071-bb6ea4b32d84.html
https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html
http://lapazedc.com/board-of-directors/
Martin Kostuik, President https://kerrmines.com/corporate/
« Rick Rule, CEO at Sprott US Holdings, gives his opinion on the best time to buy exploration companies!
“I would say to begin with that somebody who participates in these stocks needs to regard themselves as a speculator, not as an investor. Someone who is willing to take and accept real risk commodity prices themselves are risky and exploration is riskier. Still, that being said the reward is often very commensurate with the risk. The part about the exploration business that is really attractive to me now is as I say, well resource markets are soft, exploration markets are non-existent.
People regard bear markets with fear which is a mistake, people should regard bear markets as sales. If you went across the street here to Pacific Centre and walked through the Pacific Centre mall, you would be attracted to a store that said goods on sale, where goods on sales is a bear market. Bear markets are good and the exploration sector is unloved in fact, hated. Which means as a buyer you have very little competition for the goods which as a buyer is good for you.”
Well these Kerr Mines shares are definitely on SALE compared to what they will be selling at in early 2020! IMHO
http://www.b-tv.com/rick-rule-on-the-best-time-to-buy-exploration-cos/
« ...A new attempt is underway to revive the former Copperstone Gold Mine between Parker and Quartzsite. Martin Kostuik, President of Toronto-based Kerr Mines, Inc., told the Pioneer Aug. 2 that they believe this could be a long-term, lasting project for La Paz County. He said they are currently trying to raise $30 to $40 million in capital to get the mine into production.
The mine is located about five miles off State Route 95 between Parker and Quartzsite. It was operated by Cyprus Minerals as an open-pit operation from 1987 to 1993. In 2010, American Bonanza Gold Corp. tried to revive the operation as an underground mine. They suspended operations in October 2014.
Kostuik said the previous owners of the mine took on a lot of debt they couldn’t repay. They merged with Kerr and the debt was restructured. There was no interest in keeping the mine open at the time due to the low price of gold in international markets. ... »
https://www.parkerpioneer.net/news/article_d84ae7e2-9a6a-11e8-a071-bb6ea4b32d84.html
https://kerrmines.com/
« ...Effort underway to revive gold mine »
« ...The mining will take place under the former open pit. There will also be a milling facility. Martin Kostuik said the gold is all microscopic.
The best thing about the mine, he said, is most of the needed infrastructure is already in place.
Kostuik said he’s been working with local officials and Skip Becker of the La Paz Economic Development Corp. to make reopening the mine a reality.
There are currently 15 people working at the mine, Kostiuk said. When it’s in full production, he expects they will have 120 people working there.
“There’s a very strong chance of us being part of this community for a long time,” he said.
http://lapazedc.com/
https://www.parkerpioneer.net/news/article_d84ae7e2-9a6a-11e8-a071-bb6ea4b32d84.html
https://kerrmines.com/
https://www.vox.com/2018/8/7/17662084/trump-china-trade-war
How is this worsening Trade War going to eventually impact the Price of Gold as.... ?
« ... Sprott Gold Report: Tariff Tension - Trey Reik (02/08/2018)
Sprott Money Aug. 3, 2018 8:08 AM ET https://kerrmines.com/
»... All of a sudden, the leading question with respect to precious metals has become, "Why isn't gold doing better?" After trading in a bullish consolidation pattern for the past 18 months, gold appears to have lost its mojo and is flirting with technical breakdown. Given daily Trump-tariff headlines, shouldn't gold be reacting more positively? In this report, we offer a few thoughts on gold's recent performance.
Perhaps because the gold price is influenced by so many simultaneous variables, the gold conversation is frequently punctuated by protests from one contingent or another that gold is failing to perform as advertised. In recent weeks, apprehensions over an accelerating global trade war have unsettled traditional asset classes. Knee-jerk reasoning suggests any variable so disruptive to broad markets should be lighting a fire under the gold price, right?
Well, it's just not that simple. Without question, the asset class most negatively impacted by President Trump's developing skirmish with China has been commodities. As shown in Figure 1, the Bloomberg Commodity Index (NYSEARCA:BCI) has been under heavy pressure ever since the Trump administration imposed its steel and aluminum tariffs on June 1 (red arrow). Then, when the Treasury Department announced late on July 10 that an additional $200 billion of Chinese imports were being slated for 10% tariffs, commodities rolled off the cliff (red circle).
https://seekingalpha.com/article/4194327-sprott-gold-report-tariff-tension-trey-reik-02-08-2018
http://sprott.com/investment-strategies/physical-bullion-trusts/
« ..."We’ll have an update later today,” Sanders told DC reporters Wednesday. “The president’s going to continue to hold China responsible for its unfair trade practices. This has gone on long enough, and he’s going to do something about it."
There are two ways to look at this. First, there is an old adage in financial markets that says the least anticipated risk by the market is what poses the biggest risk to the market. So are $200 billion of China tariffs a surprise? No. Is going from 10% to 25% a huge surprise? Not really. Will the market correct on the news if the tariff charge more than doubles today? Yes. But we have seen this before. Down 400 one day, up 300 the next.
The worst case scenario is that China is tariffed on everything it exports to the United States or around $500 billion worth of goods.
To date, China has tariffed on at least $50 billion. Beijing has retaliated in kind, with another $50 billion of U.S. imports hit with 25% tariffs at the ports there.
https://www.forbes.com/sites/kenrapoza/2018/08/01/trade-war-update-trump-to-announce-more-china-tariffs/#26a8d4cf5bf0
Hmmm, if the tariffs are increased eventually the Price of Gold will POP imho https://kerrmines.com/
Trump could raise tariffs on $200 billion in Chinese goods
»... (CNN)The Trump administration plans to raise pending tariffs on $200 billion in Chinese goods to 25% from 10%, a source familiar with discussions confirmed to CNN.
The news was first reported by Bloomberg.
The move, which is not finalized and could change, according to the source, comes as the United States and China remain locked in a trade war. Talks between US and Chinese officials have done little to ease tensions.
The United States has already imposed 25% tariffs on Chinese goods worth $34 billion. China immediately responded with its own tariffs on US goods worth $34 billion.
A second round of tariffs on products worth $16 billion could take effect as soon as this week.
US Trade Representative Robert Lighthizer earlier this month ratcheted up tensionswhen he released a list of thousands of additional Chinese exports worth $200 billion that could face 10% tariffs after a public comment period. It included fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves.
https://www.cnn.com/2018/07/31/politics/trump-tariffs-china/index.html
How might these varied tariffs impact the price of gold and the markets? http://fortune.com/2018/08/01/trump-china-tariff-escalation/
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
https://kerrmines.com/investors/
« ...Later in the day, the U.S. Federal Reserve begins a two-day monetary policy meeting. The central bank is widely expected to stand pat on monetary policy, but investors will be paying close attention to the central bank's tone for cues on the pace of further interest rate hikes.
"There's no clear direction for investors to really play on,
and I suppose until there's a bit more clarity from the U.S.
Federal Reserve in particular, I think that's going to remain
the case," ANZ analyst Daniel Hynes
"We could see some support return post the meeting ... I'll be looking for a rebound post the meeting, particularly as they're not as hawkish as they have been," Hynes said.
The U.S. central bank has raised benchmark lending rates twice this year and signalled two more increases by year end.
Higher U.S. rates tend to boost the dollar, making greenback-denominated gold more expensive for holders of other currencies.
"We do not expect any deviation in the Fed's plan ... the precious metal remains heavily skewed towards the downside with upside being largely limited by dollar influences," Benjamin Lu, a commodities analyst at Singapore-based broker Phillip Futures,
said in a note.
Meanwhile, the Bank of England is seen raising rates when it concludes a meeting on Thursday.
Spot gold is biased to fall into a range of $1,206-$1,214 per ounce, according to Reuters technicals analyst Wang Tao... »
« ... August’s Gold Market Looks ‘Ready For The Up Cycle’ — Sprott Money... »
« ...(Kitco News) - As August doldrums are rolling in, the gold market might surprise investors on the upside, according to Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
Gold might have finally found its price bottom after seeing three weeks of consecutive losses, said Sprott during Sprott Money’s Weekly Wrap-Up on Friday.
“We had our ‘wash, rinse and repeat’ and now we are ready for the up cycle,” stated Sprott.
August Comex gold hit a low of $1,217 on Friday and then continued to trade near its 12-month lows following the advance reading of second-quarter GDP that showed the U.S. economy growing 4.1%, which was slightly less than the 4.2% projected by market consensus.
“I think we might have hit a bottom sometime when gold got down to around $1,210 inter-day on Friday,” said Sprott.
http://www.kitco.com/news/2018-07-29/August-s-Gold-Market-Looks-Ready-For-The-Up-Cycle-Sprott-Money.html
« ...We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.... »
https://financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html
»...Investors could see steep drops in global stock markets if tensions between China and the United States escalate into a full-blown trade war, analysts at UBS said in a note Friday.
Assuming virtually all trade between U.S.-China is affected by tariffs and other protectionist policies, the Swiss bank calculated that profits for S&P firms would take a 14.6 percent hit, with U.S. and global growth being 245 and 108.5 basis points lower, respectively.
However, the bank noted there would also be second-order effects. These "would be larger, with U.S. multinationals doing business in China also likely to be hurt by China retaliation." Thus, in terms of company valuations, these would take an additional 9.1 percent hit, bringing a total downside of 21.3 percent for the U.S. benchmark after some further adjustments by UBS analysts.
So far this year, President Donald Trump has imposed new tariffs on Chinese solar panels, washing machines, steel and aluminum, as well as on other imported goods for intellectual property theft. China has retaliated every time. However, there are more potential tariffs on the way, with Trump threatening to impose new levies worth as much as $200 billion.
David Riley, the chief investment strategist at BlueBay Asset Management, told CNBC's "Street Signs" Friday: "If I was sitting in Beijing, I would be pretty worried."
"I think we are going to get potentially more tariffs imposed on China coming at the end of the month, or early September," he said.... »
https://www.cnbc.com/2018/07/27/a-china-us-trade-war-would-wipe-20percent-off-the-sp-500-ubs-says.html
https://kerrmines.com/
How might this eventuality impact the Price of Gold and Kerr Shares, along with the global economy?
« .... David Thomas– VP Projects/Mine GM Kerr Mines
? 30 years of mine building and operations experience including 5 underground gold projects with Newmont, Bema Gold (Kinross), Teck and others
? EPCM Manager for Newmont (worldwide) and Nordgold (Russia and Africa), EVP of Comstock Mining in Nevada
Michael R. Smith – Exploration and Development
? 38 years exploration and geology, Chief Mine Geologist, Barrick’s Goldstrike mine. Led the Arizona Vulture Gold Mine back into production. Executed 20 exploration projects adding $9 billion in gold resource value alone
BS Geology Arizona State and MS Geology Mackay School of Mines
https://kerrmines.com/KERR/Kerr-Mines-Corporate-Presentation-July-2018.pdf
« ...WHY INVEST IN KERR MINES NOW
DISCOUNTED TO PEERS
• EBITDA US$22M (C$30M) of EBITDA
• At a conservative 6 - 8x EBITDA target ~ market cap $180M - 240M
MULTIPLE DRIVERS OF VALUE IN THE NEXT 12 MONTHS
• CAPEX financing complete
• Resource expansion program
• Straightforward Project Execution
• Commence gold mining
• Cashflow positive
STRATEGIC PREMIUM
• Significant M&A opportunities to consolidate single asset gold producers
https://kerrmines.com/
« ....US $ 27.6 million financing in two tranches, US $ 19.6 million in August 2018 and US$8 million in July 2019
The Company will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the Company during the first 22
Pandion will pay the Company the market price of delivered gold less a specified discount per ounce. In addition, Pandion will participate in a portion of any increase in the price of gold.
All other production from the Copperstone will be sold at the market price.
Additionally, Pandion would have the option to elect at any time to receive common shares of Kerr Mines Inc., at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to the prior approval of the TSX.
Kerr will retain the right to buy out and terminate the Agreement at any time... »
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/kerr-mines/49739-kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive-production-decision.html
« ... Finally, Kerr Mines (TSX:KER), signed a letter of intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone mine by Q4 2019.
The financing is subject to the execution of a prepaid forward gold agreement with an anticipated initial tranche of US$19.6 million. It is set to take place in August 2018, and a second tranche of US$8 million will happen in July 2019.
As mentioned, the proceeds will be used to bring the Copperstone mine into production by Q4 2019. Additionally, the company will begin a 2018 drilling program that will convert a significant proportion of measured, indicated and inferred resources into proven and probable resources.
“With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets — production in 2019, expansion of resources and mine life,” said Claudio Ciavarella, CEO at Kerr..... »
https://investingnews.com/daily/resource-investing/precious-metals-investing/precious-metals-weekly-gold-up-trump-comment/
« .... Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) recently announced the signing of a Letter of Intent with Pandion Mine Finance for US$27.6 million to fund the development and production of gold at the Copperstone Mine by Q4/19.
The financing is subject to the execution of a Prepaid Forward Gold Agreement. Additionally, there is an anticipated initial tranche of US$19.6 million targeted for August 2018 and a second tranche of US$8 million in July 2019. It has been anticipated that Pandion will sign a Definitive Agreement in August 2018; the proceeds from it will be mostly used to fund the Copperstone Mine into production by Q4/19.
"After careful review of the financing options available, we are pleased to select Pandion Mine Finance as our funding partner. We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company," explained Claudio Ciavarella, the CEO of Kerr Mines.
The 2018 drilling program will be started by the company to convert a significant proportion of Measured, Indicated and Inferred Resource into Proven and Probable to extend the mine life and cash flows.
Some key highlights of the agreement are that Kerr will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the company during the first 22 months. Another is that all other production from the Copperstone will be sold at the market price. In addition, Pandion would have the option to elect at any time to receive common shares of Kerr Mines at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to the prior approval of the TSX.
https://www.streetwisereports.com/article/2018/07/19/gold-miner-signs-letter-to-fund-copperstone-gold-development-and-production.html
https://kerrmines.com/
« ...After careful review of the financing options available, we are pleased to select Pandion Mine Finance as our funding partner”, stated Claudio Ciavarella, CEO Kerr Mines Inc “We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company. With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets – production in 2019, expansion of resources and mine life ” continued Ciavarella.
The highlights of the Agreement are:
• US$27.6 million financing in two tranches, US$19.6 million in August 2018 and US$8 million in July 2019
• The Company will deliver to Pandion a total of approximately 95,000 ounces over a 40 month period. However, no gold shall be deliverable by the Company during the first 22 months.
• Pandion will pay the Company the market price of delivered gold less a specified discount per ounce. In addition, Pandion will participate in a portion of any increase in the price of gold.
• All other production from the Copperstone will be sold at the market
• Additionally, Pandion would have the option to elect at any time to receive common shares of Kerr
Mines Inc., at a price of $0.40 per share, in lieu of delivery of up to 10,000 ounces of gold, subject to
the prior approval of the TSX.
• Kerr will retain the right to buy out and terminate the Agreement at any time... »
https://kerrmines.com/KERR/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision.pdf
https://mailchi.mp/26d9eac33c1a/kerr-mines-announces-us276-million-project-financing-and-makes-positive-production-decision
https://kerrmines.com/kerr-mines-announces-us27-6-million-project-financing-and-makes-positive-production-decision/
Read more at http://www.stockhouse.com/companies/bullboard/t.ker/kerr-mines-inc?postid=28336320#dVTmHgA4ic6P347W.99
Pandion is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management, LLC that provides flexible financing solutions to developing mining
Read more at :
http://www.stockhouse.com/news/press-releases/2018/07/18/kerr-mines-announces-us-27-6-million-project-financing-and-makes-positive
http://pandionmetals.co
Thank you kindly,
« ...
JOSEPH ARCHIBALD
Co-Founder & Partner
Prior to co-founding Pandion, Mr. Archibald most recently served as a Senior Vice President in the Precious Metals group of Jefferies LLC, Director at Deutsche Bank, and Senior Vice President at HSBC. Mr. Archibald has a 20 year background in commodities covering every aspect of prepay and strategic hedging transactions including business development, deal origination, analysis, structuring, due diligence, and documentation.
Mr. Archibald received his BS in Finance from Sacred Heart University in 1995 and his MBA from New York University in 2001.
RYAN BYRNE
Co-Founder & Partner
Prior to co-founding Pandion, Mr. Byrne most recently served as the Global Head of Precious Metals for Jefferies LLC and Head of Base Metals Americas for Jefferies LLC. Prior to his 4 years with Jefferies, Mr. Byrne served as Global Head of Precious Metals at Prudential Financial. Mr. Byrne has a 21-year background in metals covering most aspects of the precious metals industry. Mr. Byrne launched the Prepaid Metal Mine Finance business at Jefferies in 2012. Mr. Byrne’s responsibilities included oversight of all aspects of the Precious Metals business including metals finance, business development, market / operational / credit risk, technology development and new business initiatives.
Mr. Byrne received his BA in History from Boston College in 1994 and his MBA from New York University in 2003.
Imho, Kerr Mines is seriou$ly going to payoff for all investors involved!
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.ker&postid=28333096#olzCFCGXWmxKxzg0.99
« ... Kerr Mines was looking to breathe new life into their brand, starting with a refreshed website. A new modern colour palette and typeface were chosen, as well as bold, eye-catching imagery.
Agency: NATIONAL Public Relations... »
https://www.abbycohoe.com/recent-work/kerr-mines
https://cuavsinc.ca/about-canadian-uav-solutions-inc/
https://kerrmines.com/
Kerr Mines & the Copperstone Mine are on the CUSP of Success
Having to wait for the price of gold to POP and further detailed drill results from the Copperstone golden footwall etc is just part of the game...
Frustrating but not insurmountable imho
“...If the Fed reverses its path, the dollar is going to get smoked: The dollar is a global wrecking ball,” he added. In its place, he suggested traders turn to gold and silver as safe haven bid if things spin out of hand, saying the metals could see a 20 percent rally if the Fed decides to back away from its hawkish tone as in 2015 and 2016....”
https://www.cnbc.com/2018/07/06/where-investors-should-hide-out-during-a-trade-war.html
“...One of the key reasons behind the U.S.'s trade war with China is the desire to get ahead in 5G.
The technology is seen as a backbone from everything from driverless cars to future cities.
America and China are in a race to become the leader in 5G and set the standards that will define the next generation of mobile internet....”
https://www.google.com/amp/s/www.cnbc.com/amp/2018/07/06/a-major-factor-behind-the-us-china-trade-war-is-winning-in-a-crucial-t.html
http://kerrmines.com
“... U.S. President Donald Trump is firing the biggest shot yet in the global trade war by imposing tariffs on $34 billion of Chinese imports, delivering on a promise to his political supporters that risks provoking retaliation and harming the world economy.
The duties on Chinese goods will go forward just after midnight, Trump told reporters on Air Force One on his way to Montana on Thursday. Another $16 billion of goods could follow in two weeks, Trump said, before suggesting the final total could eventually reach $550 billion, a figure that exceeds all of China’s annual goods exports to the U.S.
As of 12:01 a.m. Friday in Washington, U.S. customs officials are set to begin collecting 25 percent tariffs on Chinese imports of goods ranging from to farming plows to semiconductors and airplane parts. It’s the first time the U.S. has imposed tariffs directly aimed at Chinese goods following months in which Trump accused Beijing of stealing American intellectual property and unfairly swelling America’s trade deficit...”
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-07-05/trump-s-trade-war-threat-to-turn-reality-as-china-tariffs-begin
This could get UGLY fast...!
“...So we're approaching a point where the market structure for both gold and silver point towards at least a few strong months. And good times for the metals should mean great times for the miners, which are about as beaten-down as they've ever been. The following chart shows just how boring and dispiriting the action in these stocks has been so far in 2018....”
https://seekingalpha.com/article/4185400-things-lining-nicely-gold-silver
https://www.fxstreet.com/analysis/trade-wars-resume-201807050820
https://www.finanzen100.de/aktien/kerr-mines-wkn-a119d6_H627260544_14701522/
“... Investors are now looking to minutes of the June U.S. Federal Reserve meeting due for publication on Thursday and the U.S. non-farm payrolls and unemployment data on Friday for further cues on monetary policy.
Markets are pricing in two more Fed interest rate hikes for 2018. World stocks were flat amid growing anxiety ahead of Washington's end of week deadline to impose tariffs on Chinese imports.
"Since the trade wars have been doing the rounds, if anything we've seen gold come lower. But if it continues to escalate gold could go only one way and that's higher," a Sydney-based trader said.
China is putting pressure on the European Union to issue a strong joint statement against U.S. President Donald Trump's trade policies at a summit later this month but is facing resistance, European officials said. Gold is often regarded as a safe haven during times of political and financial uncertainty. Silver was 0.1 percent higher at $16.03 an ounce and palladium gained 0.7 percent to $946. Platinum was flat at $837 an ounce. The metal fell on Tuesday to the lowest since December 2008 at $793....”
http://www.kitco.com/news/2018-07-04/Precious-Gold-Prices-Touch-One-Week-High-on-Softer-U-S-Dollar.html
http://kerrmines.com/investors/
”...Gold and silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets. Gold hit a 12-month low overnight and silver scored a 6.5-month low on Monday. The key “outside markets” are also in a bullish daily posture for the precious metals markets today, as the U.S. dollar index is lower and crude oil prices are higher.
August gold futures were last up $7.10 an ounce at $1,248.80.
July Comex silver was last up $0.14 at $15.975 an ounce.
Reports overnight said Monday’s trading in gold exchange traded funds saw the largest outflow of money from those funds since late March. Gold and silver bulls remain stymied by their metals’ inability to rally in the face of the threat of a global trade war and some fresh instability in the European Union.
World stock markets were mixed to higher overnight. U.S. stock indexes are pointed toward higher openings when the New York day session begins
European stock markets were assuaged today on news that German Chancellor Merkel has apparently avoided a political crisis by coming to agreement with other German lawmakers regarding immigration laws.
In other overnight news, the Euro zone’s producer price index in May was reported up 0.8% from April and up 3.0%, year-on-year. Those numbers were a little higher than expected. ....”
http://www.kitco.com/news/2018-07-03/Gold-Silver-Prices-Rebound-From-Multi-Month-Lows.html
http://kerrmines.com
http://www.4-traders.com/KERR-MINES-INC-1409130/quotes-ticks/
Ouch! https://www.wsj.com/articles/copper-prices-hit-lowest-level-in-nearly-a-year-1530548712
“...Copper prices fell to their lowest level in nearly a year, weighed down by weak global manufacturing data and a rising dollar.
Copper for September delivery fell 0.7% to $2.9440 a pound on the Comex division of the New York Mercantile Exchange, its lowest level since July 2017....”
Free Kerr Mines analysis in GERMAN? Or Russian ?
Analyse zur Kerr Mines-Aktie vom 1.7.2018
Kaufen, halten oder verkaufen – Diese Aktien-Analyse liefert die Antwort!
https://www.finanztrends.info/news/lp/lp569-aktien-chart-analyse/?adref=1814&wkz=Kerr%20Mines&isin=CA4924052042
https://www.finanz.ru/aktsii/kerr_mines_2
http://www.aktiencheck.de/news/Artikel-Kerr_Mines_Aktienanalyse_vom_02_07_2018-8697171
Happy Canada Day 2018 & July 4th...
“...The deal between Orefinders and the province solved the problem of a brownfield tailings facility, allowing Orefinders to acquire it for potential use when the mines are reopened.
Earlier this year, Orefinders offered to purchase the properties from Kerr Mines. The McGarry mine was in production as late as 2013. The 43-101 estimate made in 2009 said there were 123,000 indicated oz. of gold in 447,000 tonnes with an average grade of 7.7 g/t plus 30,000 inferred oz. in 157,000 tonnes grading 5.3 g/t gold. The Barber-Larder pit produced 6,700 oz. of gold from 51,000 tonnes of ore averaging 4.1 g/t gold and processed through the Kerr mill....”
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/647-tsx-venture/orx/48893-orefinders-announces-agreement-with-province-of-ontario-to-enable-development-of-mcgarry-mine-barber-larder-project.html
http://www.canadianminingjournal.com/news/gold-province-gives-nod-to-orefinders-mcgarry-plans/
http://kerrmines.com
https://www.newswire.ca/news-releases/orefinders-to-acquire-the-mcgarry-mine--24-km-strike-length-of-the-cadillac-larder-lake-break-abutting-the-kerr-addison-mine-678619843.html
“...Stocks in both Europe and the Americas are bouncing on Wednesday after President Donald Trump made a move that looks likely to deescalate the trade war developing between his adminstration and the rest of the world.
Earlier, Trump announced the details of a plan to crack down on Chinese investment in US technology companies, and the final results were weaker than expected.
The news buoyed investors, who have previously been nervous about the possibly devastating consequences a trade war could have on the global economy....”
http://www.businessinsider.com/stock-market-news-trump-trade-war-spooks-investors-2018-6
Where is CapEx growth going to grow in Arizona?
https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Energy-and-Resources/er-mining-capital-projects.pdf
Might the Copperstone GOLD mine or KERR Mines be a target for.... Deloitte etc...?
“Increased threat of a trade war is ramping up fears of a 'full-blown recession'
https://www.google.com/amp/s/www.cnbc.com/amp/2018/06/22/increased-threat-of-a-trade-war-is-ramping-up-fears-of-a-full-blown-recession.html
“...Even as growth ramps up to what could be the fastest rate since before the financial crisis, economists are worried that a trade war could tip the U.S. into a significant slowdown or even a recession.
Fears over a GDP pullback come as President Donald Trump threatens another, more severe round of tariffs aimed both at China and the European Union.
Specifically, the worry is that the duties could spark a larger global trade war that triggers inflation and kills U.S. growth just as it appears to be accelerating out of its post-crisis malaise.
”...Eric Sprott backing Metanor acquisition by Bonterra...”
”...Bonterra acquired the project in March, 2016, from Kerr Mines Inc. [KER-TSX; KERMF-OTCQB; 7AZ1-FSE] for $4.95 million in cash and shares.
However, the company has focused most of its efforts on the Gladiator Project, which covers three properties known as West Arena, East Arena and Coliseum, part of a property package that covers 10,540 hectares.
Bonterra’s involvement in the area dates back to 2009. But it wasn’t until Osisko acquired a 19.9% stake in the company in June 2015 that investors began to sit up and take notice....”
http://resourceworld.com/index.php/eric-sprott-backing-metanor-acquisition-by-bonterra/
http://www.kitco.com/news/2018-06-19/PRECIOUS-Gold-shines-as-U-S-China-trade-spat-stokes-safe-haven-buying.html
http://kerrmines.com/
”... South32 Agrees $1.3 Billion Deal to Acquire Arizona Mining...”
“...“We are still very much active,” in searching for deals, South32 Chief Executive Officer Graham Kerr said in a phone interview. “People want us to put their cash to work.” The producer, a losing bidder in some recent mines sales, sees more value in undeveloped projects as prices paid for many existing copper and coking coal operations have been too high, he said.
Miners are seeking to strike deals and bolster growth pipelines as they continue to generate strong cash flow amid firm commodity prices. The value of proposed, pending and completed M&A in the sector rose for a second successive year to about $59 billion in 2017, according to data compiled by Bloomberg.
South32 also has stakes in other smaller companies including Trilogy Metals Inc., a developer of copper projects in Arizona, and AusQuest Ltd., which is exploring in areas including Peru. There’s no immediate need to add to these positions as the producer has a clear pathway to acquire control of those developers, Kerr said in the interview.
https://www.bloomberg.com/news/articles/2018-06-17/south32-agrees-1-3-billion-deal-to-acquire-arizona-mining
Might Kerr Mines become a subsidiary of ... Graham Kerr ?
https://www.south32.net/investors-media
http://kerrmines.com/
“...US President Donald Trump is to impose 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft.
Tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July.
The White House said it would consult on tariffs on the other $16bn of products, and would apply these later.
China retaliated, saying it will impose an additional 25% tariff on 659 US goods worth $50bn.
The US had earlier warned that it will impose even more tariffs should China retaliate.
Mr Trump said the tariffs were "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs."...”
https://www.bbc.com/news/business-44498484
”... Has a tit-for-tat tariff spat between China and the U.S. shifted from a skirmish to a full-blown trade war?
That is certainly how financial markets have been trading on Friday after President Donald Trump earlier in the day announced tariffs on $50 billion worth of Chinese imports and Beijing’s Commerce Ministry said it would immediately launch tariffs on U.S. goods in “equal scale and equal strength.”
Wall Street didn’t like the escalation of tensions that appeared to some as if the rhetoric between the world’s largest economic powers had devolved into a more concrete dispute that could ripple through global economies. The Dow Jones Industrial Average DJIA, -0.34% tumbled more than 200 points to 24,962 Friday afternoon. The S&P 500 index SPX, -0.11% meanwhile, was down 0.4% at 2,771, while the Nasdaq Composite Index COMP, -0.19% traded 0.3% at 7,735.
“Now, we are in an official trade war with China,” said Peter Boockvar, chief investment officer at wealth manager Bleakley Financial Group. Boockvar described the tariffs as a “buzzkill” for the markets after a string of upbeat economic reports that ought to provide support to prices rising....”
https://www.marketwatch.com/story/stock-market-investors-see-china-tariffs-as-a-buzzkill-and-are-acting-as-if-a-genuine-trade-war-just-erupted-2018-06-15
http://kerrmines.com
President Donald Trump will decide on the activation China, Canada, EU, Mexico etc TARIFFS!
http://www.reuters.tv/v/LL8/2018/06/14/trump-to-decide-on-activation-of-china-tariffs
China etc will not take any further TARIFFS lightly so ...
This could get very messy!
How will the price of gold ...?
https://www.forbes.com/sites/greatspeculations/2018/06/11/texas-gold-investors-just-got-their-own-fort-knox/#1d5a03a12b34
http://kerrmines.com
“...US President Donald Trump says he wants Russia to be part of the G7 group of key industrialised nations.
Russia was expelled in 2014 following its annexation of Crimea, but Mr Trump said he wanted the country readmitted.
The build-up to the meeting has seen major disagreements between the US president and other nations over his imposition of trade tariffs.
There are also likely to be disagreements with Mr Trump over Iran and climate change.
https://www.google.ca/amp/s/www.bbc.com/news/amp/world-us-canada-44409775
How are these political hot potatoes going to impact the price of gold and even copper. Could copper be targeted for tariffs?
Kerr Mines Newsletter has properly arrived for investors and it is about time...
https://us12.campaign-archive.com/home/?u=089745f1fc8715ebd47da6563&id=cc82ff39fb
http://kerrmines.com
“...Inflation is Good for Gold
https://www.marketslant.com/article/go-gold-inflationary-tariffs-could-supercharge-yellow-metal
MichaelSTL wrote on KER ihub website
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