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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..!
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
SILV has a really nice chart setup. Double bottom on a 'bought deal'.
IVANHOE MINES IVN - FEB 1, 2021
"In the mining business, grade is king. And the remarkable grade of the ore coming from Kakula is unprecedented for a major mechanized copper mine of this scale. We are just five months away from scheduled first production, which will mark the next step in the evolution of Ivanhoe Mines into a leading, diversified mining company with a development and exploration portfolio of high-value, critical green metals," said Ivanhoe co-chair Robert Friedland.
The company projects Kamoa-Kakula to be the world's highest-grade major copper mine.
JNUG...working on the 200 MA! Gold probably double topping, but I think that will be short lived.
Played the gap from May of 2019 in the Kirkland Lake chart. Bet the board would've appreciated a timely notice. Not gonna happen!!
Welcome back posters. Feel free to post here if you have a PM Miner ripe for discussion.
Appreciate it. Check out the SILV chart.
Expecting news on Monday that MXSG has started production!!
https://globenewswire.com/news-release/2016/10/31/884495/0/en/Mexus-Gold-US-Announces-Production-at-Santa-Elena-to-begin-shortly.html
New producer coming on-line MXSG.
Just finished pad lining, will start leaching soon. Also have a high grade mill.
http://finance.yahoo.com/news/mexus-completes-installation-liner-heap-080000285.html
BAA~ 45,197 OUNCE GOLD PRODUCED DURING q1 new record
4/6/15, 8:00 AM
TORONTO, ONTARIO -- (Marketwired) -- 04/06/15 -- Editors note: There is a photo associated with this release.
Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) today announced its operating results for the first quarter of 2015.
COMPANY Q1 OPERATIONAL HIGHLIGHTS
-- Twangiza produced 35,943 ounces of gold in the first quarter of 2015, a
78% increase over Q1 2014 (20,137 ounces in Q1 2014), successfully
managing the adverse impact of the rainy season.
-- Process plant throughput achieved 101% of the 1.7 million tonnes per
annum ("Mtpa") annualized design capacity and more importantly, 3
quarters of consistent incremental improvement.
-- Twangiza processed up to 28% of transition material to assist with the
feed blend during the last two quarters, even though this material is
not included in the Company's mineral reserves.
-- Together, Twangiza and Namoya produced 45,197 ounces of gold during Q1
2015.
CORPORATE DEVELOPMENT UPDATE
-- The Company received US$20 million of the US$40 million from the
Twangiza gold forward sale agreements and expects to close on the
remaining funds, as well as the Namoya stream financing, in mid-April.
"Twangiza is performing well and achieved its third consecutive record quarterly gold production. Twangiza will be optimized in Q2 for operational improvement. Namoya is positioned to improve during Q2 2015 as we are ramping up ore production following the installation of the agglomeration stage (with cement added as a binder) into the Namoya heap leach circuit. The agglomeration drum is expected to allow for more efficient processing of the fines content of the Namoya ore and ensure more efficient reagent percolation in the heap process, leading to better gold recovery," commented Banro CEO and President John Clarke.
Twangiza Update
As a result of the management team's diligence and ongoing drive for operational improvement, Twangiza's mining and process plant delivered strong operating results despite the wet conditions typically experienced in the first quarter. Larger mine production allowed the operation to prioritize higher grade for processing, while ample dry stockpiles allowed for consistent throughput to optimize the quarterly plant throughput (428,844t), reaching the annualized design throughput of 1.7 Mtpa. Management plans, over the next 2 quarters, to continue to debottleneck the process to ensure this capacity can be maintained permanently, before pursuing higher targets.
Twangiza poured 10,635 ounces in January, 13,197 ounces in February and 12,111 ounces in March for a first quarter 2015 total of 35,943 ounces of gold. This is above the 2015 monthly average production guidance of 9,000 ounces per month as the operation moves into the dry season and easier working conditions for mine and plant operations.
The Company's preliminary 2015 first quarter production results for the Twangiza mine, in comparison to the same quarter of 2014 and the previous quarter in 2014 are as follows:
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Operating % %
Metrics Units Q1 2015 Q1 2014 Change Q4 2014 Change
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Total material mined Tonnes 975,716 677,569 44% 969,062 1%
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Total ore mined Tonnes 632,264 296,324 113% 556,856 14%
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Total ore milled Tonnes 428,844 252,691 70% 370,881 16%
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Head grade g/t Au 3.21 2.73 18% 3.01 7%
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Recovery % 80.7 84.97 (5%) 81.4 (1%)
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Strip ratio t:t 0.54 1.29 (58%) 0.74 (27%)
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Gold production Ounces 35,943 20,137 78% 29,445 22%
----------------------------------------------------------------------------
----------------------------------------------------------------
Operating Full Year Full Year %
Metrics 2014 2013 Change
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Total material mined 3,595,645 4,116,657 (13%)
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Total ore mined 1,927,744 1,758,972 10%
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Total ore milled 1,358,726 1,023,981 33%
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Head grade 2.70 2.98 (9%)
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Recovery 83.0 83.8 (1%)
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Strip ratio 0.84 1.35 (38%)
----------------------------------------------------------------
Gold production 98,184 82,591 19%
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The Twangiza operation processed up to 28% transition material currently in the measured and indicated categories. This material performed well when mixed with the oxide reserves and hence provides the basis for some non-oxide material to be incorporated into the on-going updated NI 43-101 reserves and resources statement that is expected to be released later this month.
Namoya Update
The key objective for Namoya management in Q1 was to position itself to reach commercial completion by H2 2015. The Company had to modify its original ramp-up plans due to the financing delay (with financing having now been secured as reported in the Company's February 27, 2015 press release). This included:
-- Pre-stripping Kakula reserve pit earlier than planned in order to open
up more mining faces to improve flexibility in mine scheduling and
provide additional time for the delivery of the mobile truck fleet that
would commence waste stripping activities.
-- Commissioning of the agglomeration drum was done on January 27, 2015, 18
days ahead of the initial project completion date of mid-February 2015
as published in the Q4 2014 operations update. The installation and
process tie in of the agglomeration drum impacted processing
productivity for two weeks straddling January and February.
-- The completion of the drum, which was performed in-house, will allow the
operations to focus on de-bottlenecking the heap leach operation,
increasing speed and capacity of the conveying systems and begin the
restart of the modified CIL plant.
There has been significant improvement in heap leach stacked tonnes during the first quarter of 2015 with 64,720 tonnes stacked in January, 87,441 tonnes stacked in February and 103,162 tonnes stacked in March for a first quarter 2015 total of 255,323 tonnes. Namoya poured 3,260 ounces in January, 2,687 ounces in February and 3,307 ounces in March for a first quarter 2015 total of 9,254 ounces of gold.
With the commissioning of the agglomeration circuit and debottlenecking during Q1 2015, it is anticipated that the gold production profile for the Namoya operations will rise incrementally from its current level of approximately 3,000 ounces per month achieved. With heap leach operations taking several months of continuous percolation to fully recover the leachable gold, the full benefits of the improvements to the heap leach circuit are expected to build up during Q2 2015 to a monthly gold production rate of 9,000 to 11,000 ounces per month during H2 2015.
The Company's preliminary 2015 first quarter production results for the Namoya mine, in comparison to the same quarter of 2014 and the previous quarter in 2014 are as follows:
----------------------------------------------------------------------------
Operating Q1 Q1 Q4
Metrics Units 2015 2014 2014
----------------------------------------------------------------------------
Total ore mined Tonnes 178,800 253,853 343,753
----------------------------------------------------------------------------
Total ore stacked Tonnes 255,323 129,372 218,248
----------------------------------------------------------------------------
Head grade g/t Au 1.97 1.91 2.33
----------------------------------------------------------------------------
Strip ratio t:t 2.93 1.81 1.08
----------------------------------------------------------------------------
Gold production Ounces 9,254 3,362 8,791
----------------------------------------------------------------------------
The production growth of the two operations combined with the improved cash flow and corporate financing, during Q1 2015 in particular, provides a strong foundation for maintaining steady state production at Twangiza and properly ramping up at Namoya to commercial production steady state.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and completion of its second gold mine at Namoya located approximately 200 kilometres southwest of the Twangiza gold mine. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo (the "DRC"). Led by a proven management team with extensive gold and African experience, the initial focus of the Company is on the mining of oxide material, which has a low capital intensity to develop but also attracts a lower technical and financial risk to the Company. All business activities are followed in a socially and environmentally responsible manner.
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Certain terms are used by the Company, such as "Measured", "Indicated", and "Inferred" "Resources", that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in the Company's Form 40-F Registration Statement, File No. 001-32399, which may be secured from the Company, or from the SEC's website at http://www.sec.gov/edgar.shtml.
Cautionary Note Concerning Mineral Resource and Mineral Reserve Estimates
The Company's Mineral Resource and Mineral Reserve figures are estimates and no assurances can be given that the indicated levels of gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that Mineral Resource and Mineral Reserve estimates are well established, by their nature Mineral Resource and Mineral Reserve estimates are imprecise and depend, to a certain extent, upon statistical inferences which may ultimately prove unreliable.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that Mineral Resources can be upgraded to Mineral Reserves through continued exploration.
Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of economic viability worthy of public disclosure (except in certain limited circumstances). Inferred Mineral Resources are excluded from estimates forming the basis of a feasibility study.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding estimates and/or assumptions in respect of the closing of the Twangiza gold forward sale and Namoya stream transactions, future gold production (including the timing thereof), costs, cash flow and gold recoveries, Mineral Resource and Mineral Reserve estimates, potential Mineral Resources and Mineral Reserves and the Company's development and exploration plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Factors that could cause actual results or events to differ materially from current expectations include, among other things: failure to complete the Twangiza gold forward sale and Namoya stream transactions; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return of the Company's projects; the possibility that actual circumstances will differ from the estimates and assumptions used in the economic studies of the Company's projects; failure to establish estimated mineral resources and mineral reserves (the Company's mineral resource and mineral reserve figures are estimates and no assurance can be given that the intended levels of gold will be produced); fluctuations in gold prices and currency exchange rates; inflation; gold recoveries being less than those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production); uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; political developments in the DRC; lack of infrastructure; failure to procure or maintain, or delays in procuring or maintaining, permits and approvals; lack of availability at a reasonable cost or at all, of plants, equipment or labour; inability to attract and retain key management and personnel; changes to regulations affecting the Company's activities; the uncertainties involved in interpreting drilling results and other geological data; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual information form dated March 29, 2014 filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Great Post, now go spam your crap somewhere else, I reinstated your dumb post in hopes that you would go away and go bug some other board!
Your Brilliant trade has been Documented forever! LOL!
The post was reinstated! Maybe I'm wrong, but this is an investment discussion board for "The Little Miners". Silvercrest Mines absolutely fits the description. Spam? The whole intro to your board could fall into that category, could it not? Mods should encourage discussion, instead it is discouraged here, after permission was asked and granted. Maybe this is the reason why the board is so quiet? Rather than kindly ask if I would take my discussion elsewhere, more effort was put into 'get lost', by both of the mods. If you guys were smart, you would have congratulated me for the nice trade. No need to respond, I'm done here. Best of luck to you and this board. I've even apologized to the board for wasting everybody's time, but that post was removed as 'off topic'. You have 1 less board follower as a result of your efforts. Goodbye!
If the post is not reinstated I'll take it up with the appropriate authority for the website. That's always an option. BUT, considering your spam agenda, it might not work out so well for you.
That post sums it up well, we can get you banned here too lol!
Buddy it's a quiet board, don't fill it up with every little purchase and sale of the same stock...
I asked this board on 10/03/2013 if I could post about Silvercrest. On this same day you granted me permission. Please reinstate the post as it fits the profile and is very much appropriate for this board. I will no longer post here as well. I don't like it when a board moderator undermines ones effort. If the post is not reinstated I'll take it up with the appropriate authority for the website.
This is not the Silver Crest Board, lets keep the posts on one individual stock to a minimum unless there is some news or event of some kind please...
Thanks
Mike
Buying some back here below the 200 ma. About a buck discount to last sale.
Silvercrest over-allotment option exercised in full!
Looks like Sandy broke out yesterday. It's a really bad case of acne. Today, she had a 'follow thru' appointment with the dermatologist. I hope she went!
Nibbling on some desert sand, but find it more attractive below the 50 dsma.
Follow-on at $2.60 and commitment from Sandstorm. Raising funds for next leg of their operations...SVLC
We're moving. From TSXV to TSX. Peace!
Trade halted on Silvercrest.
Took a small portion off the table on the news announcement.
great news...Eric Sprott @ Rick Rule invest in Apogee Silver
http://sprottglobal.com/
http://sprottgroup.com/our-businesses/
http://ih.advfn.com/p.php?pid=nmona&article=60999242
smile
HAN_SOLO
Nice cup a joe on Silvercrest. Volume increased when the right side was being built out, decreased on the handle, then exploded on the breakout on momo volume this past Friday. Where are all the posters?
AKG taking off!
AKG a multi-bagger coming off solid bottom!
AKG @ $1.70 w/Big news this morning & coming off a solid bottom here. A #3 pick for 2014! This morning they just voted to acquire PMI. Recent SA article explaining the Multi-Bagger potential of AKG. So much going for this one as it starts to come off this solid bottom! Check it out. I bought 5,000 shares this morning. I wouldn't miss this one gang, this one will fly! Gold is up today too, while the market is deep in red. Cheers!
Here are the links to everything:
Asanko and PMI Shareholders Approve Acquisition of PMI by Asanko
Asanko Gold: Shares Trade At Cash And Have Multi-Bagger Potential After The PMI Gold Deal
Top 5 Gold Stocks For 2014
Weird how that morning dip is being bought. Gotta take out dat fiddy!
SilverCrest Files La Joya Preliminary Economic Assessment Report
VANCOUVER, BC – December 23, 2013 – SilverCrest Mines Inc. (the “Company”) is pleased to announce that the Preliminary Economic Assessment Report (PEA) for the Company’s La Joya Silver Copper Gold Project has been filed with the Canadian securities regulators and is available under the Company's profile on SEDAR at www.sedar.com. The results of the PEA were previously announced in the Company’s news release dated October 21, 2013.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap leach. SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 725,000 ounces of silver and 30,000 ounces of gold in 2013. Major expansion and construction of a 3,000 tonnes per day conventional mill facility is underway to significantly increase metals production at the Santa Elena Mine (open pit and underground) by 2014. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.
“N. Eric Fier” Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
N. Eric Fier, President and COO
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Print that $2.02 please. Earnings not that far off!
SVLC anybody? I've been pumping it here. Banned postings elsewhere!
Something I wanted to share with the board...BPGDM
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