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JPM is frequently accused of manipulating gold and silver markets through "spoofing" and through naked shorting in the futures markets- with the de facto backing of the Federal Reserve (too big to fail, don't you know). I formerly labeled such talk as conspiracy theory until I tried to buy gold and silver near the spot price.
Apparently, J.P. Morgan can't manipulate lumber. WFSTF is sitting on the new "gold mine". If you add a U to the end of Western's stock symbol, it sums up the enormous potential in the popular vernacular, I think.
Apparently, J.P. Morgan can't manipulate lumber. WFSTF is sitting on the new "gold mine". If you add a U to the end of Western's stock symbol, it sums up the enormous potential in the popular vernacular, I think.
Entrée Resources Welcomes Announcement of Updated Funding Plan to Complete Oyu Tolgoi Underground Construction
https://www.prnewswire.com/news-releases/entree-resources-welcomes-announcement-of-updated-funding-plan-to-complete-oyu-tolgoi-underground-construction-301266041.html
Analysts Expect Breakeven For THC Biomed Intl Ltd. (CSE:THC) Before Long
https://simplywall.st/stocks/ca/pharmaceuticals-biotech/cse-thc/thc-biomed-intl-shares/news/analysts-expect-breakeven-for-thc-biomed-intl-ltd-csethc-bef
Share repurchase by SAND likely at current price.
HIGHLIGHTS FOR THE FULL YEAR 2020
Operational and financial
Completed more than 13 million work hours with nine lost-time injuries across all sites
Implemented proactive COVID-19 testing and safety protocols to keep the mines operating effectively while protecting the health, safety and economic wellbeing of our workforce and local communities
Exceeded revised production guidance with total production of 477,186 ounces (“oz”) of gold
Mine cash costs of $849 per oz with mine all-in-sustaining costs (“AISC”) of $1,027 per oz sold1,2
Sold 471,786 oz of gold at average realized gold price of $1,783 per oz, generating revenue of $842.5 million
Earnings from mine operations of $287.7 million
Net income of $22.3 million or $0.10 per share
Adjusted net income of $82.7 million or $0.39 per share, after adjusting for non-cash expenses1,3
Cash flow from operations before changes in working capital of $231.7 million ($216.6 million after changes in working capital)
Adjusted EBITDA of $273.8 million1,3
Expenditures of $76.3 million in sustaining capital and $92.8 million in non-sustaining capital1
Refinanced debt with low-cost $500 million corporate credit facility
Cash and cash equivalents (unrestricted) of $344.9 million at December 31, 2020
Net debt of $200.3 million at December 31, 2020 (including $278.9 million of in-the-money convertible notes)1
Copper is up roughly 87% in one year versus gold up 8.4%.
Shares Out
186,630,002
01/29/2021
ERLFF holds relatively well as PMs monkey-hammered by the WS elites today.
So, you lived through the mysterious Hyundai debacle.
Both gold and copper up almost 2% today.
Gold AND copper
"Entree Resources Ltd. ("Entree") is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world's largest copper-gold projects -- the Oyu Tolgoi project in Mongolia. Entree has a 20% or 30% carried participating interest in the Entree/Oyu Tolgoi joint venture, depending on the depth of mineralization."
Sandstorm Gold (SAND) takes larger position in ERLFF
https://www.businesswire.com/news/home/20210219005070/en/
SAND takes larger position in ERLFF
https://www.businesswire.com/news/home/20210219005070/en/
Entree Resources Ltd. ("Entree") is a Canadian mining company with a unique carried joint venture interest on a significant portion of one of the world's largest copper-gold projects -- the Oyu Tolgoi project in Mongolia. Entree has a 20% or 30% carried participating interest in the Entree/Oyu Tolgoi joint venture, depending on the depth of mineralization.
Entree may be a copper play.
"Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") is announcing the purchase of an aggregate of 5,073,798 common shares (the "Entree Purchased Shares") and 1,200,000 share purchase warrants (the "Entree Purchased Warrants") of Entree Resources Ltd. ("Entree"). The acquisition of the Entree Purchased Shares and the Entree Purchased Warrants collectively represent an approximate 2.0% increase in Sandstorm's holdings of the outstanding common shares of Entree (the "Entree Shares") on a partially diluted basis."
https://www.businesswire.com/news/home/20210219005070/en/
We may be in for a sustained ride up, my friends.
Are we going to see acquisitions in the micro sector as well and does today's action indicate anticipation?
https://www.investing.com/analysis/72-billion-blockbuster-deal-puts-medical-cannabis-sector-in-the-spotlight-200559457
Equinox Gold Provides 2021 Guidance and Outlines Ambitious Growth and Investment Plans
All dollar amounts are expressed in US$
February 9, 2021 – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) today announces 2021 production guidance of 600,000 to 665,000 ounces of gold, a 33% increase over 2020 production of 477,200 ounces of gold. Cost guidance includes cash costs1 of $940 to $1,000 per ounce of gold sold and all-in-sustaining costs1 (“AISC”) of $1,190 to $1,275 per ounce of gold sold. The Company is hosting a virtual investor reception and corporate update today commencing at 7:00 am PT (10:00 am ET). Further details are provided at the end of this news release.
“2021 represents a year of investment for Equinox Gold as we direct our strong operating cash flow to our existing portfolio of mines and growth projects,” said Christian Milau, CEO of Equinox Gold. “These investments in 2021 will set the foundation for lower-cost production, longer-life mines and substantial near-term production growth with an increase to approximately 900,000 ounces of gold at significantly lower costs in 2022 and approximately one million ounces of gold from 2023.
“All-in-sustaining costs in 2021 include stripping campaigns at Los Filos, Mesquite and Aurizona to access higher-grade ore, which will increase production and reduce costs in the second half of the year. Growth capital includes the Los Filos expansion projects, a significant pit expansion at RDM and completion of construction at Santa Luz. The Company is also undertaking an aggressive exploration program focused on mine life extension and reserve replacement.
“We also look forward to completing the acquisition of Premier Gold Mines this quarter and integrating the producing Mercedes Mine and construction-ready, multi-million-ounce Hardrock project into our portfolio and plans. Our share of production from Hardrock would further reduce our costs per ounce produced and boost production by more than 200,000 ounces annually starting in 2024.”
The offering yesterday looks to represent about 18% dilution. It will be interesting to see what effect if any, it has on the price of CLLXF over the next few trading days.
Callinex Mines Announces $7.7 Million Private Placement Financing
https://callinex.ca/?mailpoet_router&endpoint=view_in_browser&action=view&data=WzM2LCIzNWExZTJkNzI2YjEiLDYyNDQsIjFpamVyMjcwa2JkdzhzZzRrb3d3NGtjdzhzMHNnb2swIiwyOCwwXQ
Reddit Preparing To Unleash "World's Biggest Short Squeeze" In Silver
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Callinex Announces Soil Sampling Results to Follow-up on Silver Discoveries at the Nash Creek Project in Bathurst Mining District, New Brunswick
Highlights:
Seven areas have been identified from elevated silver, lead and zinc soil anomalies along the controlling Fault that’s associated with the recently announced silver discoveries;
Drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306, located 6.8 kms to the south, intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc; and
A drilling campaign is being planned to follow up on the seven target areas identified from the soil sampling campaign.
Vancouver, British Columbia – January 11, 2021 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSXV: CNX) (OTC: CLLXF) is pleased to announce results from the soil sampling campaign (the “Campaign”) at its 100% owned Nash Creek Project (the “Project”) located within the Bathurst Mining District of New Brunswick (See Figure 1).
Callinex’s technical team has identified seven new target areas based on elevated, silver, lead, and zinc soil anomalies that cover over 10 km of the southern portion of the 18 km Black Point Arleau Brook Fault (the “Fault”). The Fault is spatially associated with two previously announced silver discoveries located 6.8 km apart (See Figure 2). Drill hole NC20-313 intersected 28.6m of 57 g/t silver at a vertical depth of 120m including 16.5m of 94 g/t silver and NC19-306 which intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc at a starting depth of 34.0m
https://callinex.ca/callinex-announces-soil-sampling-results-to-follow-up-on-silver-discoveries-at-the-nash-creek-project-in-bathurst-mining-district-new-brunswick/
Callinex Identies 1km of Highly
Conductive Anomalies Along Strike from
Rainbow Discovery at Pine Bay Project in
Flin Flon Mining District
NEWS PROVIDED BY
Callinex Mines Inc.
Jan 21, 2021, 08:30 ET
?
Highlights:
Electromagnetic survey has uncovered four highly conductive anomalies along strike to
the south of the Rainbow Discovery;
The four untested anomalies each have a strike extent of 300m and start within 200m
of surface;
Plans are underway to immediately initiate a drilling campaign to test the four
conductive bodies in tandem with continued drilling to dene the Orange and Yellow
zones; and
Recent drill results continue to dene the Rainbow Discovery at shallower depths.
https://www.prnewswire.com/news-releases/callinex-identifies-1km-of-highly-conductive-anomalies-along-strike-from-rainbow-discovery-at-pine-bay-project-in-flin-flon-mining-district-301212533.html
About Callinex Mines Inc.
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of New Brunswick. A 2018 PEA on the Company's Bathurst projects outlined a mine plan that generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax).
No news is good news with CLLXF.
Your link appears to be broken. Is it something to do with CLLXF?
Nice spike today with no news and gold down slightly as well. Hopefully, the steady price rise over the last week has something positive not yet made public behind it.
December 23, 2020 – Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) reports that the blockade by members of the Carrizalillo community at the Company’s Los Filos Mine in Mexico has been removed and access to the mine has been restored. Representatives from Los Filos continue to meet regularly with community leaders to reach consensus on the remaining items related to benefits provided under the Carrizalillo social collaboration agreement.
EGO up 1.5% so far on this down day for gold.
"I'm from the government and I'm here to help". The nine most terrifying words (technically, 11) in the English language according to Ronald Reagan. I think he may have been on to something. Thanks for all your efforts over the years, malp.
10Q out already,+.03 per share
https://ir.hecla-mining.com/financial-reports-filings/document-details/default.aspx?FilingId=14487670
Does anyone have any idea why HL is dropping today? At the very least, it seems logical it would be up or flat at least until the Fed statement.
Surely this will have to be positive for WFSTF at some point even if it's just the value of inventory.
Here's What Lumber And Copper Are Telling Us About Inflation
https://www.investing.com/analysis/what-are-lumber-and-copper-telling-us-about-inflation-200535794
Lumber futures ended the week at $916. Maybe WFSTF can come up with a lumber-backed crypto-coin to get the stock out of the cellar.
It seems like this would be very positive for WFSTF.
Limit Up: Lumber Spikes To Unprecedented Level After Soaring 240% In 5 Months
https://www.zerohedge.com/economics/limit-lumber-soars-unprecedented-level-after-soaring-240-5-months
Lumber futures over $750 hitting fresh all-time highs.