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A look at Great Panther mining is instructive.
It changed its name from Great Panther Silver in 2019 in an attempt to highlight the shift from silver mining to gold mining.
In 2018, silver accounted for roughly 46% of production, with gold at 41%, and other metals the remaining.
In 2019 that shifted to 83% gold, 12% silver, and 5% other metals.
https://www.fool.com/investing/2020/09/21/time-sensitive-why-fortuna-silver-mines-coeur-mini/
Very High volume at the Open
This is going much higher.
Timberline Announces $3.7 Million Private Placement
https://finance.yahoo.com/news/timberline-announces-3-7-million-123000016.html
Big Support around 2.5$
Golden Minerals Drills 23.4m Grading 5.96 g/t Au at Rodeo Gold Project, Durango, Mexico
https://finance.yahoo.com/news/golden-minerals-drills-23-4m-105000821.html
MAG owns 44% of Minera Juanicipio S.A. de C.V. (“Minera Juanicipio”), an incorporated joint venture under the laws of Mexico, which owns the high-grade silver Juanicipio Project, located in the Fresnillo District, Zacatecas State, Mexico. Fresnillo plc (“Fresnillo”) is the project operator and holds the remaining 56% of Minera Juanicipio. Fresnillo and MAG as joint venture shareholders of Minera Juanicipio, jointly approved project mine development on April 11, 2019 and expect to commence production from the underground mine in mid-2020
Great Panther's all-in sustaining costs at its main gold-producing asset were roughly $1,740 per ounce in the first quarter. That's really high, and the company hopes to get that number down to between $1,150 and $1,250 for the full year (all-in sustaining costs can be materially impacted by capital-investment efforts). But using that first-quarter cost will help to show just how big the difference really is.
Great Panther's profit per ounce of gold at the start of this hypothetical day was $80. But based on the rise in the price of gold, it increased to $105 per ounce. On an absolute basis, that doesn't sound like much and certainly isn't as impressive as what Barrick is making on an absolute basis.
However, that's the point, and this is where things get interesting. Barrick's profit per ounce increased around 9%, hardly something to complain about. But because Great Panther's costs were so much higher, its profit per ounce increased just a touch over 30%! That's a huge increase.
AXU at the end
Huge Volume
Be Ready for Silver at 50$/once by Xmas 2020.
Barrick will run to start Quevar cash cow machine.
Now what
We could chalk it up to the old adage of "buy the rumor, sell the news," but getting over this hurdle also brings into focus the other aspects of turning a prospective mine into a profitable business. For close to two decades, Northern Dynasty has been touting this game-changing deposit, but so far all that it has produced are a few permits and some assessments that have not yet been independently verified.
Management now estimates that it will take another 2-3 years to complete the permitting process with state and local agencies, so we're now looking at a timeline where shovels might not go into the ground until 2024. That's also before the company is able to find the financing or big-pocketed partners to make the prospective mine a reality.
I'm full here, ready to buy more when a clear and massive jump come in.
Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Golden Minerals Company (AUMN).
If you are a shareholder of Golden Minerals Company and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:
http://pjlfirm.com/golden-minerals-company/
You may also contact Robert H. Lefkowitz, Esq. either via email at rl@pjlfirm.com or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty, and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Purcell Julie & Lefkowitz LLP
GREAT POST
Beware GAP FEB 2018 is Filled.
Now the hard part is coming, no more easy money.
This company must survive until 2026 best case scenario to make 1$ profit.
I use to follow this company in 2010/2011.
What happen now ? Why they don't produce with Gold @+1600$ ?
GPL back on my watchlist.
Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that it has entered into an earn-in agreement (the “Agreement”) with Barrick Gold Corporation (“Barrick”) (TSX: ABX and NYSE: GOLD) whereby Barrick has acquired an option to earn a 70% interest in Golden’s El Quevar project located in the Salta Province of Argentina.
Golden Minerals Company
350 Indiana Street
Suite 800
Golden, CO 80401
United States
303-839-5060
WEB ADRESS
Je suis de retour 9 ans plus tard...
Quoi de 9 sous le soleil ?
Golden Minerals (AUMN)
A Gold Producer or an Organic Jigsaw Puzzle ?
VIDEO HERE ----->
INTERVIEW
Production cost are too high.
After 10 years on the sideline I'm back on this AUMN.
Slowely accumulating.
Expecting +1$ before 2021.
Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) today announced a major exploration discovery at its La Colorada mine in Mexico. Successful exploration drilling at La Colorada has discovered wide zones of mineralization below the current production levels: high-grade mineralization in limestone replacement mantos and thick intercepts of skarn mineralization at depth.
Drill highlights include:
U-39-18: 69 g/t Ag, 1.86% Pb and 3.36% Zn over 223 m, including 32 m at 227 g/t Ag
U-30-18: 54 g/t Ag, 2.06% Pb and 5.40% Zn over 71.6 m
U-33-18: 20 g/t Ag, 1.56% Pb and 2.38% Zn over 66.3 m
U-28-18: 76 g/t Ag, 4.29% Pb and 3.66% Zn over 60.3 m
U-32-18: 54 g/t Ag, 2.33% Pb and 4.38% Zn over 46.3 m
U-21-18: 29 g/t Ag, 1.63% Pb and 4.99% Zn over 47 m
U-26-18: 42 g/t Ag, 2.81% Pb and 6.95% Zn over 42.6 m, and 52 g/t Ag, 1.77% Pb and 3.86% Zn over 42 m
U-29-18: 80 g/t Ag, 5.30% Pb and 13.55% Zn over 7.4 m and 54 g/t Ag, 2.30% Pb and 8.22% Zn over 23.4 m
Pan American Silver Corp said on Wednesday it agreed to buy miner Tahoe Resources Inc for $1.07 billion in cash and stock, creating one of the world's top silver mining companies.
This Oil Stock Is Creating a Behemoth in the Permian Basin
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This Oil Stock Is Creating a Behemoth in the Permian Basin
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This Oil Stock Is Creating a Behemoth in the Permian Basin
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