Value Microcaps Junior Miners

[Lone Clone]

SNAG, CEE, EDV x 2, KRR

Silver North Resources aka SNAG announced the plans for 2024 exploration on its Tim Ag/Pb/Zn prospect in Yukpn. The deposit is located on the road to Coeur's Silvertip mine 19 km away, and is prospective for similar CRD style deosoits. Coeur can earn up to an 80% ownership by fulfilling a number of requirements, and is starting that process by arranging for a 2000m drill campaign plus mapping and sampling beginning in June. The crews will even be operating out of the Silvertip Mine camp.

If exploration goes well at Tim, I expect Coeur will eventual buy it, possibly even all of SNAG.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34618067
They manged to beat guidance for the

African gold miner Centamin aka CEE has published its annual report. I won't say much more because it covers what followers of the company already know, but it is comprehensive refresher even for those folks.

https://www.centamin.com/investors/results-reports/

We already knew west African gold miner Endeavour Mining aka EDV had a great year and Q4 in terms of production; now we learn the financial details with the release of their annual results. EDV managed to beat guidance for the 11th year in a row, and continues to be the cheaper producer among their peers, with the cash cost for Q4 dropping to $837/oz Au. As this was a year of building mines for EDV, their full year cash costs did increase to $837/oz -- still the lowest among their peers -- but I expect it to drop again as the new mines come on stream through the year.

Iin spite of returning $266M to shareholders in the form of dividends and share buybacks, EDV also generated a lusty robust profit, albeit again less than last year. Their cash stash dropped to $517M at year end as a result of those mine builds, but I expect it to increase in 2024.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34618136

EDV also announced the results of an investigation in the actions of former CEO and President Sebastien de Montessus, who was fired on Jan. 4. Apparently de Montessus managed to divert $20.9 in payments, covered it up as long as possible, and is still being evasive. Where the money ended up is unknown, but EDV did manage to recover over $29M from him.

Fortunately his actions have not affected the existing financial reports EDV has released, and they are taking a number to steps to strengthen their governance.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34618172

Australian gold/nickel miner Karora Resources aka KRR and potential partner Ramelius Resources have both announced discussions on a potential merger have ended. I heartily approve of this development, and so does the market. In response RMS shares hit their highest level since 2001 while KRR shares are back over $5 for the first time in months.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34619198