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Fowler interview
Excellent post and thanks for the information. Awesome
The second quarter number got people's attention.
https://www.financialbuzz.com/breaking-news-weedmd-reports-second-quarter-2018-results-1180275/
CBD + Walmart + Cannabis is a winning comobindation which is which is what Relevium has.
Read the last press release and I had a good laugh.
I agree and read about it on another board. Saw them get some publicity on the Aphria board.
Volume is up huge today. Their plan is starting to pay dividends.
Somebody commented on volume. Liquidity way down which is not good. Will be lucky to break 100,000 shares today.
Out of all cannabis stock, this one acts the best. Volume tells me institutions buying and can't get enough.
THis is one of the few Canadian cannabis companies trading at a 52 week low.
Stock has been between 10 and 11 cents for 2 weeks. I don't call that popping. Undervalued but no one cares
Anaconda Mining Second Quarter Results
Second Quarter 2018 Highlights
Anaconda sold 4,330 ounces of gold in Q2 2018, generating metal revenue of $7.4 million at an average realized gold price* of $1,695 per ounce; the Company also generated $0.1 million from the sale of aggregates.
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $3.3 million for the second quarter of 2018, and $6.6 million for the first half of 2018.
Operating cash costs per ounce sold* at the Point Rousse Project in the three and six months ended June 30, 2018 were $872 (US$675) and $885 (US$693), respectively.
The Company has revised its 2018 annual guidance for operating cash costs per ounce sold from $1,100 to below $1,000, as a result of the strong operational performance from the first half of 2018, as well as the forecasted operating cost profile as the Company fully transitions to higher-grade production from Stog'er Tight.
On a consolidated basis, EBITDA* for the three and six months ended June 30, 2018 was $2.3 million and $4.6 million, respectively, compared with $3.0 million and $3.6 million in the comparative periods.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, were $1,360 (US$1,053) and $1,368 (US$1,071) for the three and six months ended June 30, 2018.
In the first half of 2018, the Company invested $2.7 million in its exploration and development projects, including $2.0 million on the Goldboro Gold Project in Nova Scotia.
Net loss for the three months ended June 30, 2018 was $549,543, or $0.01 per share, which included transaction costs related to the takeover bid for Maritime Resources Corp. ("Maritime") of $740,018, or $0.01 per share. Excluding transaction costs, Q2 2018 net income was $190,475, or $0.00 per share.
As at June 30, 2018, the Company had a cash balance of $7.9 million, net working capital* of $9.9 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
Anaconda successfully completed a non-brokered private placement for $4.5 million in June 2018, which will enable continued drilling at the Goldboro Gold Project, the Argyle Deposit, and other prospective targets at the Point Rousse Project.
This is a clean mining company that is just pumping out "cash flow positive" with a high quality project. I firmly believe that the potential acquisition is not dead and they will just figure out a new way to get it done.
These are interesting comments. My guess is that this may create a short delay but nothing substantial. I expect this to be resolved by the October the latest. The people at Excelsior are not panicking.
10Q filed!!!!!!!!!!!!!!!!!
Another great accomplishment!!!!!
Based on the stock action, the market thinks it's a very, very small negative.
Understand that anyone has the right to appeal an EPA permit so you are correct that there is nothing management could do. The only way to avoid it is not to be in the mining business. However, management has done a great job. So they should be in the exploration and mining business.
I agree and it's a hybrid play. Cannabis and hemp exposure while building brands. Some good pedigree behind the management team.
I love the fact that this company is getting involved on the extraction side. Although I firmly believe that science has a long way to go to understand what cannabinoid does what, the fact is that there is a huge market for isolates such as CBD. Valens is approaching this very intelligently.
Excelsior Mining Corp Received the First Copper Mine Permit in Arizona in a Decade
Investors should pay attention to this!!
There has not been a new copper mine permitted within the state of Arizona in over a decade and Excelsior Mining Corp – The Copper Solution Company – has been able to receive a permit for their Gunnison Copper Project in Cochise County, Arizona. It is important to understand that the company was granted the Underground Injection Control area permit (UIC) by the Environmental Protection Agency (EPA). This is not easy to get. More importantly, since Excelsior announced a second investment tranche of approximately $12.8 million USD in January, the company has sufficient cash to start the construction phase this summer.
The first and second tranches raised a total of $30,000,000 USD.
Here is a link to the press release regarding the money raise:
https://www.excelsiormining.com/news/news-2018/excelsior-mining-announces-closing-of-second-tranche-of-private-placement
Here is the press release regarding the permit below:
Excelsior Mining Receives Federal EPA Operating Permit
Phoenix, Arizona--(Newsfile Corp. - June 25, 2018) - Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ('Excelsior' or the "Company") announces that the United States Environmental Protection Agency ("EPA") has issued an operating permit, the Class III Underground Injection Control ("UIC") Area Permit, for the Gunnison Copper Project, located in Cochise County, southeastern Arizona.
Stephen Twyerould, President & CEO, said, "The completion of this key milestone brings us one step closer to initiating low-cost in-situ copper production at one of the most environmentally friendly and economically compelling mine sites in the United States. We look forward to continuing our work with all regulatory agencies and stakeholders as we head into the construction phase this summer."
The EPA has issued Excelsior a UIC Permit with an effective date of August 1, 2018. Once effective, the UIC Permit (along with the Aquifer Protection Permit), requires the Company to be in compliance with protective permit conditions prior to the initiation of production activities. The UIC Permit is good for production of up to 125 million pounds per annum; this is the final operating permit required to get into production. In 2017, the Arizona Department of Environmental Quality issued an Amended Aquifer Protection Permit for the Johnson Camp Mine, and an Aquifer Protection Permit for the Gunnison Copper Project.
Mark Morabito, the Chairman added, There has not been a new copper mine permitted within the state of Arizona in over a decade; I congratulate the Excelsior management team for achieving this important milestone that keeps Excelsior Mining on schedule to become the next new copper producer in the United States. In addition to generating significant economic benefits, the Gunnison Copper Project genuinely represents a more environmentally-friendly era of mining for Arizona.
About Excelsior Mining
Excelsior Mining The Copper Solution Company is a mineral exploration and development company that is advancing the Gunnison Copper Project in Cochise County, Arizona. The project is an advanced staged, low cost, environmentally friendly in-situ recovery copper extraction project. The Feasibility Study projected an after-tax NPV of US$ 807 million and an IRR of 40% using a US$ 2.75 per pound copper price and a 7.5% discount rate.
Excelsiors technical work on the Gunnison Copper Project is supervised by Stephen Twyerould, Fellow of AUSIMM, President & CEO of Excelsior and a Qualified Person as defined by National Instrument 43-101. Mr. Twyerould has reviewed and approved the technical information contained in this news release.
Additional information about the Gunnison Copper Project can be found in the technical report filed on SEDAR at www.sedar.com entitled: Gunnison Copper Project, NI 43-101 Technical Report, Feasibility Study dated effective December 17, 2016.
For more information on Excelsior, please visit our website at www.excelsiormining.com.
ON BEHALF OF THE EXCELSIOR BOARD
'Stephen Twyerould'
President & CEO
For further information regarding this press release, please contact:
Excelsior Mining Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018.
JJ Jennex, Vice President, Corporate Affairs
T: 604-681-8030 x240
E: info@excelsiormining.com
www.excelsiormining.com
Cautionary Note Regarding Forward-Looking Information
This news release contains 'forward-looking information' concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to: (i) the timeline for, and the completion of, the permitting process; (ii) economic benefits from the Gunnison Project; (iii) the commencement of commercial production from the Gunnison Project; and (iv) the ability to mine the Gunnison Project using in-situ recovery mining techniques.
In certain cases, forward-looking information can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved' suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and mineral reserves, the realization of resource and reserve estimates, copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to develop and construct the Gunnison Project in the short and long-term, the progress of development activities, the receipt of necessary regulatory approvals, the completion of the permitting process, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not commence at the Gunnison Project, risks relating to variations in mineral resources and reserves, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities at the Gunnison Project may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks and the additional risks identified in the Risk Factors section of the Companys reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.
This is a great find. New here but I'm looking forward to some PR from the company. I see they're doing some promos which is fantastic news
These are all valid points except for the SEC will suspend them. It is ultimately up to the judge. Since I do know something about that world and how it works, I couldn't imagine the judge suspending them if they are compliant with the law the day the judge makes his decision. They may get an additional fine but not a suspension. The judge will take into consideration impact on shareholders and the SEC lawyer can't just say tough or they know the risk. The benefit of the suspension is far outweighed by the damage the suspension will have on shareholders. That is why I don't believe there will be an SEC suspension.