Just slightly different than his presentation on Sunday during the Ecuador Day conference.
Sorry about the unsteady hands while holding the tablet ;-)
I spoke wiith Core Gold reps Sam Wong and Matt Roma on the Monday. Had a very frank discussion, relaying alot of the concerrns I have heard privately from many of you.
Not one shareholder I have heard from is in favour of this deal. the two biggest reasons being the massive dilution and a close second was the delisting from the Canadian exchange. I received no satisfactory answer from any Core Gold rep when asking why the company will be delisted, which is alienating most all the current shareholders.
Perhaps there is a reason .... could the CEO of the proposed newly merged company, Laurence Marsland, not be able to lead a company listed in Canada ? Just wondering if this might have anything to do with no listing in Canada post merger ....
The final conclusion of the appeal process found in favour of Dundee Precious Metals, and Dundee was entitled to the costs of the motion of $25,000 and the costs of the appeal set at $17,000.
Could not find what the eventual outcome of Dundee's suit against Mr. Marsland was. But it seems he wanted to avoid the Canadian court system.
As I have said previously, no deal would be better than this garbage confetti being offered. Titan states they are are committed to raising A$20 million on the back end of the merger proposal. Yes everyone agrees this company is in need of a substantial cash infusion to clear up all the legacy debts, but not at the costs of dilution proposed by the Titan merger/hostile takeover.
If this merger gets to a vote, there may be enough shareholder opposition to reject it anyways ... at which point, the investors willing to put the A$20 million into the Titan deal would be more than welcome to put their money directly into Core Gold ... far less dilution for Core Gold shareholders, and we wouldn't be delisted.
But that's if this merger proposal even gets to a vote.
Let's see how Core Gold management does with obtaining a superior offer(s) during the "60 day Go Shop period" .... 48 days to go .....
by Tad thank you good info ;-) GLTA
It’s “Buy Time” For Gold Mining Stocks – Fund Manager Kitco NEWS Published on Mar 6, 2019
According to the “mining clock,” a concept used to measure commodity cycles, we are now in the first third of a bull cycle, said Bob Thompson, Senior Vice President & Portfolio Manager of Raymond James.
“The mining clock is just a simple way to see what’s happening in the market, reverse engineer that, and then tells you where we are in the cycle – are we near the end of the cycle or the beginning of the cycle, and it tells you if we’re in a bull market or a bear market,” Thompson told Kitco News on the sidelines of the PDAC 2019.
According to Thompson, mining companies go through natural cycles from becoming overleveraged near the end of a bull run to becoming cash-flow positive, which is where we currently are, and the mining clock indicates that now is a good time to buy.
Goldcorp Announces Support for Barrick and Newmont Nevada Joint Venture T.G | Canada NewsWire VANCOUVER, March 11, 2019 /CNW/ -
GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") announced today that it has consented to and fully supports the announced Nevada Joint Venture between Barrick Gold Corporation ("Barrick") (NYSE:GOLD) (TSX:ABX) and Newmont Mining Corporation ("Newmont") (NYSE: NEM). More information on the Nevada Joint Venture is available at http://www.newmont.com
Goldcorp's board of directors continues to recommend that Goldcorp shareholders vote FOR the proposed plan of arrangement with Newmont, as previously announced on January 14, 2019. More information on the proposed plan of arrangement with Newmont and the special meeting of Goldcorp shareholders on April 4, 2019 is available at www.goldcorp.com.
Goldcorp also welcomes the announcement that Barrick has agreed to withdraw its proposal to acquire Newmont.
Continental Gold secures US$175mn for Colombia project By Press Release Friday, March 15, 2019
Continental Gold secures US$175mn for Colombia project Source:Continental Gold Related News
Junior exploration roundup: Continental, Regulus, Coro Mining, Mirasol Continental Gold's operations attacked again in Colombia
PRESS RELEASE
Toronto, Ontario, March 15, 2019 Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has obtained a US$175 million financing package (collectively,
the "Financing Package") consisting of (i) US$75 million of unsecured convertible debentures ("the Debentures") being issued to certain investors, including a US$50 million Debenture from Newmont Mining Corporation ("Newmont"), and
(ii) a US$100 million gold and silver stream (the "Stream") from Triple Flag Mining Finance Bermuda Ltd. ("Triple Flag"). Proceeds from the Financing Package will be used for general and working capital purposes and toward construction, commissioning and start-up of the Company's Buriticá Project located in Antioquia, Colombia. The Company has also agreed with RK Mine Finance to make certain amendments to its existing credit agreement in respect of the security documents in connection with the Stream.
Gran Colombia Produced 218,001 Ounces of Gold in 2018 - Mike Davies Cambridge House International Inc. Published on Jan 27, 2019
Mike Davies is the CFO for Gran Colombia Gold (TSX:GCM). Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato Operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia Operations.
MOVES IN GOLD & SILVER WILL BE 1970s ON STILTS May 9, 2019 by Egon von Greyerz
My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won’t be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 – a 24x explosion in very different conditions.
MOVES IN GOLD & SILVER WILL BE 1970s ON STILTS by Egon von Greyerz
My long standing target for gold of $10,000 in today’s money and much, much higher in inflationary terms, is now more probable than ever. But I hope it will never be achieved. When gold goes to $10,000, it won’t be under the same circumstances that we saw in the 1970s. Gold then went from $35 in 1971 to $850 in January 1980 – a 24x explosion in very different conditions.
Newmont Goldcorp Corporation (TSX:NGT) (TSX:NGT) 'charts (double-click to enlarge):
With tariffs Trump is destroying dollar and U.S. power, Hugo Salinas Price says
Submitted by cpowell on 03:47PM ET Wednesday, June 12, 2019. Section: Daily Dispatches 11:45a ET Wednesday, June 12, 2019
Dear Friend of GATA and Gold:
In a nine-minute video posted this week at YouTube, Hugo Salinas Price of the Mexican Civic Association for Silver argues that President Trump, by imposing or threatening to impose tariffs on the world, including his country's own allies, is destroying the U.S. dollar's function as the world reserve currency, from which the United States draws most of its international power and influence.
Because of the dollar's function as the world reserve currency, Salinas Price notes, the United States gets real goods from around the world for free. But, he adds, tariffs will undo that arrangement, since the cost of tariffs will be borne by U.S. residents themselves.
The video is headlined "Hugo Salinas Price Comments on President Trump's Tariff Policy" and it's posted at YouTube here:
(Kitco News) -Tom Palmer, currently COO of Newmont Goldcorp, will assume the role of CEO and helm the world's largest gold miner as of October 1, 2019.
Palmer, who has worked for Rio Tinto for 20 years before joining Newmont Goldcorp as COO, hails from a family with a long mining history, and plans to focus on maximizing synergies from the last merger before turning his attention to other acquisitions.
"Our focus is going to be on delivering the value that we committed to the Goldcorp acquisition, we've got the divestment of Red Lake, and we want to make sure our balance sheet is strong enough so that we've got the financial flexibility so that if an opportunity does present, we could take advantage of it, but it's not our focus, Palmer told Kitco News on the sidelines of the Denver Gold Forum.
Newmont Goldcorp, Dignitaries Inaugurate Borden, Ontario's 'Mine of the Future' NEM | 59 minutes ago DENVER
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) and dignitaries from across Ontario inaugurated the Borden Gold Project (Borden), Ontario’s ‘mine of the future.’ The 100 percent owned Borden mine is located near Chapleau, Ontario and features state-of-the-art health and safety controls, digital mining technologies and processes, and low-carbon energy vehicles – all anchored in a mutually beneficial partnership with local communities. Borden is expected to achieve commercial production in the fourth quarter of this year.
Battery electric bolter in use at Borden underground - manufactured by Ontario-based MacLean Engineering. (Photo: Business Wire) Battery electric bolter in use at Borden underground - manufactured by Ontario-based MacLean Engineering. (Photo: Business Wire)
“Borden opens a new gold mining district in Ontario and profitably extends operations at the Porcupine complex near Timmins,” said Tom Palmer, Newmont Goldcorp’s President. “In addition, Borden’s electric underground fleet will eliminate diesel particulate matter from the underground environment and lower greenhouse gas emissions. This will help reduce energy costs, protect employee health and minimize impacts to the environment.”
Ore from Borden is processed at the existing mill at the Company’s Porcupine operation in Timmins, 180 kilometers to the east. Borden is fully permitted for operation, and Partnership Agreements have been signed with local First Nations. At 1,000 square kilometers, Borden’s land package represents additional exploration upside as the Borden deposit remains open at depth.
Participating in Borden’s inauguration were: The Hon. Greg Rickford, Ontario’s Minister of Energy, Mines, Northern Development and Indigenous Affairs; Gilles Bisson, MPP for Timmins; Chief Keeter Corston, Chapleau Cree First Nation; Chief Anita Stephens, Chapleau Ojibwe First Nation; Chief Cheryl St. Denis, Brunswick House First Nation; Chief Pat Tangie, Michipicoten First Nation; Michael Levesque, Mayor of Chapleau; George Pirie, Mayor of Timmins; Todd White, Newmont Goldcorp’s Regional Senior Vice President for North America; and Marc Lauzier, General Manager, Porcupine and Borden Mines.
In recognition of Borden’s contribution to the future of safe and sustainable mining, the Canadian and Ontario governments each granted CAD$5 million towards electrification of the mine.
Over the last six years, Newmont has successfully built 11 new mines, expansions and projects on four continents – on or ahead of schedule and at or below budget. These projects include Akyem and the Phoenix Copper Leach in 2013, the Turf Vent Shaft in 2015, Merian and Long Canyon in 2016, the Tanami Expansion in 2017, and Twin Underground, Northwest Exodus and Subika Underground in 2018, and the Tanami power project in 2019. The Company also completed a value-accretive acquisition of Cripple Creek and Victor in 2015 and delivered a profitable expansion at the mine in 2016.
Newmont Goldcorp has the strongest and most sustainable portfolio of operations, projects and exploration prospects in the gold sector. This includes the largest Reserves and Resources, with 90 percent of Reserves located in the Americas and Australia.i These assets allow the Company to sequence profitable projects in its unmatched pipeline to sustain six to seven million ounces of steady gold production over a decades-long time horizon.
About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual events or results to differ materially from future events or results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business, financial performance and financial condition and may include, without limitation, (i) statements regarding the timing and achievement of commercial production at Borden, (ii) expectations regarding future operations, cost reductions and profitability, (iii) expectations regarding portfolio sequencing and optimization and (iv) expectations regarding future production, including long-term production targets. Forward-looking statements are based upon certain assumptions, which may prove to be incorrect. Such assumptions include, without limitation: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of operations and projects being consistent with current expectations and mine plans, including, without limitation, receipt of export approvals; (iii) political developments in any jurisdiction in which Newmont Goldcorp operates being consistent with its current expectations; (iv) certain exchange rate assumptions; (v) certain price assumptions for gold, copper, silver, zinc, lead and oil; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of current mineral reserve and mineralized material estimates; and (viii) other planning assumptions. In addition, material risks that could cause actual results to differ from forward-looking statements include, without limitation, (a) the inherent uncertainty associated with financial or other projections, (b) integration risks in connection with the recent business combination by which Newmont acquired Goldcorp Inc. and the ability to achieve the anticipated synergies and value-creation contemplated by the integration, and (c) other risks disclosed by the Company. For a discussion of risks and other factors that might impact future looking statements, see Newmont Goldcorp’s Annual Report on Form 10-K for the year ended December 31, 2018 as well as Newmont Goldcorp’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 under the heading “Risk Factors” available on the SEC website or www.newmontgoldcorp.com. Newmont Goldcorp does not undertake any obligation to release publicly revisions to any “forward-looking statement,” including, without limitation, outlook, to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued “forward-looking statement” constitutes a reaffirmation of that statement. Continued reliance on “forward-looking statements” is at investors’ own risk.
________________________________________ i Reserve percentages reflect both the closing of the Goldcorp transaction and Nevada Gold Mines joint venture. For information regarding Newmont’s historical reserves prepared in compliance with the SEC’s Industry Guide 7, see the Company’s Annual Report filed with the SEC on February 21, 2019, which is available at www.sec.gov or on the Company’s website. The reserves percentages represent gold reserves only, are based upon Newmont, Goldcorp and Barrick’s previously published reserve figures. Newmont’s reserves were prepared in compliance with Industry Guide 7 published by the United States SEC. Reserve figures for former Goldcorp sites and Barrick sites contributed to the Nevada Gold Mines joint venture by Barrick are sourced from Goldcorp’s and Barrick’s previously disclosed public information. Goldcorp and Barrick’s reserves were prepared in accordance with the Canadian National Instrument 43-101 (“NI 43-101”) pursuant to the requirements of the Canadian securities laws, which differ from the requirements of United States securities laws. The definitions used in NI 43-101 are incorporated by reference from the CIM Definition Standards adopted by CIM Council on May 10, 2014 (the "CIM Definition Standards"). U.S. reporting requirements are governed by the SEC Industry Guide 7, as followed by Newmont. These reporting standards have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, but embody different approaches and definitions. For example, the terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" are Canadian mining terms as defined in NI 43-101, and these definitions differ from the definitions in Industry Guide 7. Under Industry Guide 7 standards, a "final" or "bankable" feasibility study is typically required to report reserves or cash flow analysis to designate reserves. Further, under Industry Guide 7, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Newmont has not been involved in the preparation of Goldcorp’s or Barrick’s reserve or resource estimates. Accordingly, Newmont assumes no responsibility for Barrick’s estimates. Investors are reminded that Goldcorp reserve estimates remain subject to review and adjustment in accordance with Newmont and SEC standards. No assurances can be made that all Goldcorp reserves will be recognized as Newmont Goldcorp reserves.
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