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1.75$ and going down....Was trying to warn you......
BLOOD BATH HERE !!!!!!
8:02AM Midway Gold's Pan Project Resource increases to more than 1 million ounces of gold (MDW) 1.94 : Co announced an updated resource estimate that exceeds one mln ounces of gold in the Measured and Indicated categories for the Pan Project, located 29 km southeast of Eureka, Nevada. The 1.13 mln ounces of gold are contained in 37 mln tonnes of 0.49 grams per tonne gold in the Measured category and 43 mln tonnes of 0.40 gpt gold in the Indicated category using a 0.14 gpt gold cutoff grade.
New Target 0.35-0.40$ ?
Denbury Announces Repurchase Program for up to $500 Million of Common Stock
MEGA DUMP !!!!
110M$ in cash, market cap 150M.......
NO BRAINER !!!!
Blood here.....
XG, AUMN, TPLM ON RADAR SCREEN TODAY !!!
Goldgroup Mining: one of the best exploration plays on the TSX?
http://www.proactiveinvestors.com/companies/news/12316/goldgroup-mining-one-of-the-best-exploration-plays-on-the-tsx-12316.html
Goldgroup targets production at Mexico project in 2012
I focused on Caballo Blanco, which I think could be producing 100,000 ounces of gold annually in a little over a year at $200/oz. It will be able to do that because it is an outcropping ore body. It is all oxide. It will be a low-cost, heap-leach, run-of-mine operation.
http://www.theaureport.com/pub/na/10886
Goldgroup has recently acquired 100% of the Caballo Blanco project, which consists of 15 mineral concessions covering 55,000 hectares, 65km northwest of the port city of Veracruz, Mexico, which is the country's largest port city. Caballo Blanco has easy port access, as well as paved roads and access to power and clean water. Furthermore, Caballo Blanco has on-site metallurgical and assay facilities. Goldgroup is targeting a resource sufficient to sustain 100,000 ounces of annual gold production commencing in Q4 2012.
SHARES
FULLY
DILUTED
TOTAL:
$59.8MM
in
cash
&
equity
holdings
=
$1
per
issued
share
Almaden Expands Ixtaca and Ixtaca North Zone, Intersects 16.85 m of 1.58 g/t Au and 212.2 g/t Ag (5.8 g/t Aueq)
XG have terrific fundamentals, but the chart look ugly.....
Right ?
TOP PICK 5.150 Dennis Da Silva Unique high-grade gold mine in Argentina moving towards development. One of the future multi-million ounce high grade deposit stories
Michael Gray, Macquarie Capital Markets (9/14/11) "Extorre has reported significant drill results for 16 holes from its 95%-controlled, permitted Cerro Moro high-grade Au-Ag project in Santa Cruz province, Argentina. Results were from the high-grade Zoe vein for which drilling required to document a 43-101 resource has now been completed. A revised resource estimate is expected to be released in October 2011 and include contributions from new discoveries at the Zoe, Martina, Carla and Esperanza-Nin vein zones."
David West, Salman Partners (9/13/11) "Extorre Gold Mines Limited reported the completion of drilling for its upcoming Cerro Moro project resource estimate update. . .the revised resource estimate is expected to incorporate the discoveries at the Martina, Carla, Esperanza-Nini and Zoe zones. . .Although Cerro Moro currently hosts a modest 1.3 Moz. gold-equivalent resource, with the original resource expected from Zoe, we expect this level to increase nicely in the October resource update. With the number of targets still untouched at the project and the potential for more exploration success, we would not be surprised to see Cerro Moro double its resource size over the coming few years."
Imaru Casanova, McNicoll Lewis & Vlak (9/12/11) "Extorre Gold Mines Ltd. announced additional results from drilling of the recently discovered Zoe zone at the company's Cerro Moro project in Argentina; Extorre indicated that it has completed all the drilling required for an updated NI 43-101 compliant resource estimate. . .the Zoe results reported indicate average grades significantly above the 7.3 g/t gold and 380 g/t silver that we assume in our current Cerro Moro discounted cash flow valuation. We. . .expect further definition of additional higher-grade resources will enhance Cerro Morro's resource base and will have a positive impact on our valuation; we maintain our Buy rating."
Andrew Kaip, BMO Capital Markets (9/12/11) "Ongoing infill and extensional drill results from the Zoe vein at Extorre Gold Mines' high-grade Cerro Moro gold-silver project in Argentina continue to return narrow high-grade mineralization. . .results from 18 intercepts in 16 drill holes returned weighted average grades of 5.8 g/t gold and 359 g/t silver over an average intercept of 2.2m; these results included several bonanza-grade intercepts over narrow widths."
Morning Coffee (9/12/11) "Extorre Gold Mines Ltd. released additional drill results from Zoe zone at the Cerro Morro project in Argentina, where five drill rigs remain active. . .the company suggests only a small number (20 of 109) holes have tested the central high grade zone at Zoe and that the highest grade portion of the system could remain open at depth. . .a new Cerro Morro resource estimate is expected to be released in October 2011 and include contributions from recent discoveries at the Zoe, Martina, Carla and Esperanza-Nini zones."
XG and HL look way oversold !
Any opinion ? (Chart ?)
Diamond drill intersected 369 meters at 0.91 grams per
tonne gold
When we've a triple bottom, what should we do ? (SLW)
I like it....Very encouraging....
http://finance.yahoo.com/news/Timberline-Resources-Drills-iw-4057104918.html?x=0
Until it completed the acquisition of ECU Silver Mining earlier this month, Golden Minerals was an exploration-stage miner with some interesting prospects in Mexico and Argentina but not much else to show for it. The ECU bid solidifies its presence in those regions but gives it mines that produced approximately 380,000 ounces of silver, 10,000 ounces of gold, 182,000 pounds of zinc, and 155,000 pounds of lead last year. Production is expected to fall in the fourth quarter this year, however, as Gold Minerals develops the mine further.
It's all about "Peregrine".
Market don't like this deal
http://seekingalpha.com/article/284411-stillwater-mining-correlation-to-palladium-disappearing-as-boom-turns-to-bust?source=yahoo
Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) (NYSE: JAG) today reported a net income of $15.6 million or $0.18 per basic and fully diluted share for the quarter ended June 30, 2011. The income was generated from gold sales of $60.6 million, a quarterly record for the Company. Cash generated from operating activities during the quarter totaled $21.7 million or $0.26 per basic and diluted share. These results compare favorably to gold sales of $36.9 million, a net loss of $14.2 million and cash generated from operating activities of $2.0 million as reported in Q2 2010.
Commenting on the Q2 2011 results, Daniel R. Titcomb, Jaguar's President and CEO stated, "We are pleased to report strong results with a number of records for the quarter. We are continuing to see the positive impact of the team's focused effort to improve and expand our operations. There is more work to be done to realize our growth potential and maximize shareholder value. However, this quarter is another indication that we are headed in the right direction with improvement in all of the major operating areas."
The Company's operations produced 40,257 ounces of gold during the quarter, an increase of 32% compared to Q2 2010. The increase was driven largely by the addition of the Caeté operation which was commissioned in Q3 2010. Nearing the end of Q2 2011, the Caeté operation experienced a mechanical issue in its mill which resulted in an extended shut-down to perform necessary maintenance and repairs, successfully completed in early July.
As gold prices in world markets continued to increase, Jaguar was able to sell a record 40,184 ounces during Q2 2011 at a record average realization of $1,507 per ounce. The increased realization per ounce more than offset the increase in average cash operating cost, leading to a record cash operating margin of $708 per ounce. Average cash operating cost for the quarter was $799 per ounce compared to $746 per ounce in Q2 2010 (see Non-IFRS Performance Measures in the accompanying tables). The cost increase was driven largely by a combination of continuing adverse exchange rates, the temporary shut-down of the Caeté mill and general cost inflation for labor and mining supplies.
The Q2 2011 results include a non-cash gain of $9.2 million related to the conversion option embedded in the Company's convertible debt and $3.2 million in non-cash interest expense. Excluding these items, adjusted net income for the second quarter 2011 was $9.6 million or $0.11 per basic and diluted share. This compares to an adjusted net loss of $4.6 million or $0.05 per basic and diluted share in Q2 2010.
For the first six months of 2011, Jaguar sold 79,978 ounces of gold and reported total revenue of $115.7 million, net income of $19.3 million and cash generated from operating activities of $41.1 million, or $0.49 per basic and fully diluted share. These results compared to 67,535 ounces of gold sold, total revenue of $77.5 million, net loss of $12.6 million and cash generated from operating activities of $13.4 million during the first six months of 2010. The increases in ounces of gold sold and total revenue are largely the result of the growing contribution of the Caeté operation, which was commissioned in Q3 2010. Total revenue was also driven higher by record average price realization per ounce.
The following is a summary of key operating results for the three and six month periods ended June 30, 2011 and comparable measures for the relevant prior year periods.
Jaguar Mining Inc. (JAG): Engages in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. Market cap of $472.70M. SMA50 at $5.71 vs. SMA200 at $5.53 (current price at $5.24). Correlation to the VIX index at 0.54. The stock is a short squeeze candidate, with a short float at 15.23% (equivalent to 7.41 days of average volume). The stock is currently stuck in a downtrend, trading 16.12% below its SMA20, 8.21% below its SMA50, and 5.29% below its SMA200. It's been a rough couple of days for the stock, losing 10.4% over the last week.
Jaguar Mining Inc. (JAG): Engages in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. Market cap of $472.70M. SMA50 at $5.71 vs. SMA200 at $5.53 (current price at $5.24). Correlation to the VIX index at 0.54. The stock is a short squeeze candidate, with a short float at 15.23% (equivalent to 7.41 days of average volume). The stock is currently stuck in a downtrend, trading 16.12% below its SMA20, 8.21% below its SMA50, and 5.29% below its SMA200. It's been a rough couple of days for the stock, losing 10.4% over the last week.
AuRico Gold Inc : Desjardins raises price target to C$20 from C$19.50
Good volume today, very cheap here...
Gold Resource Corporation Announces $20 Million Stock Repurchase Program
Stillwater withdraws offer after ‘dramatic deterioration’ on capital markets
Stillwater Mining Company on Monday became one of the first miners to find funding drying up following the punishment meted out to precious metals recently, when it announced after market close that it is withdrawing its proposed offering of senior notes due to the “dramatic deterioration of the capital markets during the past week.”
Stillwater said it still has enough funds for the $165 million net cash portion of the Peregrine transaction. The counter shed just over 1% of its value on the NYSE on Monday on a generally positive day for the markets, but is down 35% since last Monday. Stillwater is the only US producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. Platinum was trading at $1,565/oz on Monday, down from a year-high of $1,916/oz.
Debt Crisis Will Grow Like a Cancer, It's Too Late to Stop It
http://www.safehaven.com/article/22681/bbc-debt-crisis-will-grow-like-a-cancer-its-too-late-to-stop-it
Debt Crisis Will Grow Like a Cancer, It's Too Late to Stop It
http://www.safehaven.com/article/22681/bbc-debt-crisis-will-grow-like-a-cancer-its-too-late-to-stop-it
Debt Crisis Will Grow Like a Cancer, It's Too Late to Stop It
http://www.safehaven.com/article/22681/bbc-debt-crisis-will-grow-like-a-cancer-its-too-late-to-stop-it