U.S. Silver Corporation (TSE:USA) fiat$1.550 HAPPY Jul 4, 2012, 3:58 PM EDT to ALL - Change: $0.070 +4.73%) Volume: 54,929 Day Low 1.460 Day High 1.550
Well, its good strategic position in silver before the coming accident - to wait until the accident happens - it may be too late -
in many ways the best thing that could happen to America is for the government & banksters to go broke which is the fact & truth - we won’t find many people who share that view. In fact, you can hardly find anyone who thinks we are in serious enough trouble that the government can’t fix it. Most people don’t even think about such things. That’s the way it was in Greece and Spain etc. up to a few months ago -
U.S. Silver & Gold Inc. (USA:TSE) fiat $2.010 Aug 16, 2012, Exchange: Toronto Stock Exchange
$2.010 Aug 16, 2012, 8:28 PM EDT
Change: 0.070 +3.61% :-)
Volume: 109,997
Gold now defends not just liberty but simple reality Submitted by cpowell on Sat, 2012-03-10 20:02. Section: Essays 2:57p ET Saturday, March 10, 2012
Dear Friend of GATA and Gold:
GATA can't vouch for the data published in the latest edition of Alan M. Newman's financial letter, Crosscurrents, which argues that financial manipulation has become the main pursuit of the United States economy, but he is far from alone in his observations. Commentary about this trend arose around 20 years ago, perhaps first in The New Republic magazine. And there is a well-established entry about it at Wikipedia, the Internet encyclopedia, here:
Newman writes that dollar trading volume (presumably in U.S. markets) now is more than four times larger than the U.S. gross domestic product as well as four times larger than total stock market capitalization. "The churn continues at the most ferocious pace, making a mockery of our capital markets," Newman writes. "The theme of investing for the future is now meaningless as high-frequency trading distorts price discovery, resulting in gross pricing inefficiencies."
MARKET RIGGING FRAUD - by Bill Murphy, Bix Weir, & Andy Hoffman Part 2
stepman welcome to U.S. Silver & Gold Inc. (USGIF :-) good to see you @ USGIF :-) following mark #2 for you - Keep It UP :-)
GO Darren - GOLD & SILVER to go THRU the ROOF - Bill Murphy, Bix Weir, & Andy Hoffman -
We People in North America should realize that the following ex. this is the way all paper currencies end - Its truly is tragic when the very currency you use becomes useless and you can't buy even the simplist necessities - ex...Gold For Bread -
Silver’s annual performances have been erratic in this bull too as this final chart shows. Sometimes it is up big, sometimes it is down big. But even large down years like 2008’s stock panic don’t prematurely end silver’s secular bull. It bounces right back as sentiment recovers, something to remember today in this current environment filled with silver fear, despair, and bearishness. Silver’s gains aren’t smooth.
But there is definitely a mean-reversion tendency in silver’s returns. Weak years are generally followed by strong years, and vice versa. After 2008’s stock panic crushed it, silver soared 52% in 2009 and 83% in 2010. And those incredible years led into the high consolidation of 2011 and 2012, with their 10% loss and 10% gain. So if silver’s secular bull is indeed alive and well, it is certainly due to surge once again in 2013.
And there’s one more thing to note in this real-silver comparison. Today’s secular silver bull, while erratic, is much more consistent than the 1970s one proved. Silver’s gains have been more gradual, the periodic sharp surges as greed waxes excessive haven’t been extreme like the 1974 example. This implies today’s bull has a much larger investor constituency deploying capital more gradually over time.
Thus today’s bull is considerably more robust, it has a stronger foundation than the 1970s one. This supports the thesis that today’s secular silver bull will ultimately prove larger than the last one. The better the foundation, the more investor capital deployed before that crazy popular-speculative-mania phase sets in, the higher silver can potentially rocket when the general public finally comes storming in.
So despite all the silver bearishness out there today spawned by silver’s recent weakness, its secular bull looks far from over. Popular speculative manias cap secular bulls, and though the spring-2011 upleg was strong it was nothing remotely close to mania-caliber. Silver is going to see much higher highs, dwarfing April 2011’s near $50 real, before this secular bull has fully run its course and finally gives up its ghost.
Interestingly, silver is already in a young new upleg that most traders refuse to see because they are blinded by today’s bearishness. While this metal was pounded back down near $30 in December, just under its 200dma, it spent much of last summer languishing around $27. Silver is slow to gather steam, with gradual early-upleg buying slowly building momentum into the exciting large late-upleg surges.
And the Fed’s new QE3 Treasury monetizations that are just starting this month are wildly bullish for silver. This metal has always been a go-to asset in inflationary times. That last mighty upleg that peaked in April 2011 happened to be largely driven by the Fed’s last major inflationary campaign, QE2. So 2013 is shaping up to be an amazing year for silver, and probably even better for the beaten-down silver miners.
When traders are bearish on silver after its slumps, they just abandon the stocks of the companies that bring it to market. The silver stocks plunge to deeply-undervalued levels relative to silver, they are pretty much left for dead. This creates great opportunities to buy low for brave contrarians who understand silver’s bullish fundamentals and aren’t spooked by temporary weakness. The newest persists today.
Most silver stocks are trading as if the bears are right, as if silver is doomed to grind lower from now to the end of time. But in real terms today’s secular silver bull looks far from over, and silver is early in what is likely to prove its next major upleg. So the excessively gloomy psychology plaguing silver stocks today won’t last. Contrarians who understand this have been buying cheap silver stocks in recent months.
It isn’t too late. Last month we published our latest deep-research report on silver juniors, the highest-potential of all silver stocks. We spent 3 long months investigating nearly 100 silver juniors trading in the US and Canada, and gradually whittled them down to our dozen fundamental favorites. Each is profiled in depth in a fascinating new report. One was already bought out at an epic 72% premium, as silver miners realize how dirt-cheap the explorers are. Buy your report today and get deployed before silver runs!
We also publish acclaimed weekly and monthly subscription newsletters for contrarian speculators and investors willing to fight the crowd to buy low and sell high. In them I explain what is going on in the markets, why, and what specific trading opportunities it is creating. Buying low when stocks are deeply out of favor has led to a stellar track record. Since 2001, all 634 stock trades recommended in our letters have averaged annualized realized gains of +34.8%. Subscribe today!
The bottom line is a real comparison shows silver’s current secular bull is far from over. This metal’s latest interim high a couple springs ago was relatively low in real terms, and resulted from an upleg that was nothing like a popular speculative mania. And secular bulls don’t end until the general public falls in love with that asset and starts flooding in. Silver hasn’t seen anything like that for several decades.
The current bearishness is merely a typical psychological response to silver’s recent weakness.
When prices fall, traders start to believe they will keep falling indefinitely.
So they look for bearish theories that rationalize their beliefs. But succumbing to this groupthink is a grave mistake.
Broader perspectives reveal silver’s secular bull is far from over, creating a great buying opportunity for contrarians today.
Agenda # 2. Please, let all who want to be part of USA / USGIF family have an easy way to right way - A volunteer program for all mine workers and employees with an ex. monthly payment reduction from wages to be for shares of USA / USGIF and become a Shareholder and part owner of 'U.S. Silver & Gold Inc. (USA / USGIF)
To Shareholder of 'U.S. Silver & Gold Inc. (USA / USGIF) -
NOTE. The Company should file the NCIB Program to allow for market purchases of the Company's common shares (the "Shares") under certain market conditions and subject to the approval of the Board of Directors. The Company does not currently intend to purchase Shares on the market, but may do so from time to time in the future.
Although the Board of Directors and Management of the Company must believe that the Shares are currently significantly very extremely undervalued,
ex. Callahan Mining Corporation 1983 operated by Asarco - by memo. spent more than $85 million to the shaft construction development - ($85Mil in 1983 = more than $200Mil in current value)
ex. and more than 195,000 tons mined @ a profit of more than $26 million in 1983
In current market value $85 million on the Callahan shaft development is more valued than the total market capitalisation value of U.S. Silver & Gold (USA / USGIF) @ only
Total Current Market Cap: $121,774,201
In my opinion; Investors who pay @ $2.-/sh currently pay for Callahan Mine and get a good bargain for it -
but rest of the assets of - USA / USGIF - rest of assets are FREE Load including;
So even a 10hyear old who learned 1 x 20 = USA / USGIF = 20 times higher in Real Market Value than the bargain give away price @ currently -
USA / USGIF - rest of assets are FREE Load including; U.S. Silver & Gold Inc. is a newly formed silver and gold mining company focused on growth from its existing asset base and the execution of targeted accretive acquisitions. U.S. Silver & Gold owns and operates the Galena Mine Complex in the heart of the Silver Valley/Coeur d'Alene Mining District, Shoshone County, Idaho and the Drumlummon Mine Complex in Lewis and Clark County, Montana. Within the Galena Mine Complex, the Galena Mine produces high-grade silver and is the second most prolific silver mine in U.S. history, delivering over 200 million ounces to date, the Coeur Mine is under re-development with first production having been achieved in late 2012 and the Caladay Zone is being evaluated for bulk mining development. The Drumlummon Mine currently produces high-grade gold and silver with historical production of 1 million ounces of gold and 12 million ounces of silver and has never been fully exploited or explored. Visit www.us-silver.com.
USA / USGIF has about fiat$30 million + @ current in working capital - Please, suggest to management to buy back shares - The Buy Back Program should again be operational and hopefully we will see this bolster our share price.
Also Note. the Callahan shaft etc. has been repaired -
TORONTO, ONTARIO, Jul 24, 2008 (MARKET WIRE via COMTEX) -- U.S. Silver Coporation (TSX VENTURE: USA) ("U.S. Silver" or the "Company") is pleased to announce the beginning of repair activities associated with bringing the Caladay mine into production. The Caladay Shaft lies approximately 1.3 miles southeast of the Galena Mine No.3 Shaft in Wallace, Idaho. The two mines are already interconnected on the 4900 foot level of the Galena Mine.
The four-phase program includes:
- The repair of the Placer Creek and Caladay portals and the installation of new hoist ropes on the Caladay hoist. This includes upgrades to the timbered sections in the tunnels, repair of the rail access to the hoist room where necessary, and replacing the hoist rope that has been in service for more than 30 years. The repair should be completed by early 4th quarter, 2008.
- Concurrent with the portal repair, additional exploration drilling in the Caladay mineralized zone between the 4900 and 5200 levels of the Galena Mine will begin. This drill program is designed to explore the western zone of the Caladay mineralized area and will provide information for the test mining program. Once drilling is completed, a new resource model will be …
Ps. it strange to not see; all Chinese and India miners etc. from world over to be crawling on top of each other @ Galena, Wallace to pick up this strategic super Ag-mine bargain for $peanutz fiatz counterfeitz for osama cult pawns has told them that US is open for business!
Gran Colombia Gold has modernized >100 illegal small gold mines operations to NOT use deadly mercury poison for gold recovery - in the upper Amazon river which had in the past poisoned millions of His people and all living from the Amazon water, fish of His South America nature garden -
Gran Colombia Gold Corp. - Formerly known as Tapestry Resource Corp. Modern State of Art Gold and Silver Recovery Systems - are NOT using the deadly mercury - its Great for all involved with Gran Colombia Gold Corporation - thanks in advance to all:
Address Suite 1100, 333 Bay Street, Toronto, ON M5H 2R2 Canada Phone 416-360-4653 Fax 416-360-7783 Email Address investorrelations@grancolombiagold.com
NAICS Gold Ore Mining (212221) Silver Ore Mining (212222) Status U.S. dollar silver-linked notes and common shares listed on the Toronto Stock Exchange.
Pershing Gold Corporation (NASDAQ: PGLC) - September 2017 | Stock News Now SNN Network Published on 24 Oct 2017
SNNLive caught up with Steve Alfers, Executive Chairman, CEO and President of Pershing Gold Corporation (NASDAQ: PGLC) at the Precious Metals Summit 2017 in Beaver Creek, CO.
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. The Company expects to begin producing gold in the fourth quarter of 2019 at its fully funded, Relief Canyon Project, in Nevada, USA which is currently in construction. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” ---- assumptions, intentions, or statements about future events or performance.
Forward-looking information is based on the opinions and estimates of Americas Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results ---- Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
AMERICAS SILVER CORPORATION RE: Pershing Gold Catalyst Clip with VP of Investor Relations Jack Perkins at the 2018 PDAC in Toronto StockPulse Published on 23 May 2018
Pershing Gold Corporation (NASDAQ: PGLC) - September 2017 | Stock News Now SNN Network Published on 24 Oct 2017
SNNLive caught up with Steve Alfers, Executive Chairman, CEO and President of Pershing Gold Corporation (NASDAQ: PGLC) at the Precious Metals Summit 2017 in Beaver Creek, CO.
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. The Company expects to begin producing gold in the fourth quarter of 2019 at its fully funded, Relief Canyon Project, in Nevada, USA which is currently in construction. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” ---- assumptions, intentions, or statements about future events or performance.
Forward-looking information is based on the opinions and estimates of Americas Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results ---- Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
Americas Silver (TSX-V: USA)(NYSE: USAS) has two producing assets. One in the Silver Valley of Idaho, an area that has produced over a billion ounces of silver. The other is a Mexican operation called Cosala, which includes a brand new mine called San Rafael that is ramping up now. CEO Darren Blasutti describes the operations and why they are the lowest cost producer in the world.
AMERICAS SILVER CORPORATION RE: Pershing Gold Catalyst Clip with VP of Investor Relations Jack Perkins at the 2018 PDAC in Toronto StockPulse Published on 23 May 2018
Pershing Gold Corporation (NASDAQ: PGLC) - September 2017 | Stock News Now SNN Network Published on 24 Oct 2017
SNNLive caught up with Steve Alfers, Executive Chairman, CEO and President of Pershing Gold Corporation (NASDAQ: PGLC) at the Precious Metals Summit 2017 in Beaver Creek, CO.
AMERICAS SILVER CORPORATION CLOSES US$10M PRIVATE PLACEMENT WITH MR. ERIC SPROTT TORONTO, ONTARIO - July 26, 2019 -
Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the closing of its non-brokered private placement with Mr. Eric Sprott, announced in the news release dated July 19, 2019. The Company raised gross proceeds of US$10 Million through the issuance of 3,955,454 common shares priced at CDN$3.30 per share.
As at July 26, 2019, there are 82,487,633 common shares and 3,678,135 preferred shares with 5,928,500 options and 5,087,014 warrants of the Company issued and outstanding.
About Americas Silver Corporation
Americas Silver is a precious metal mining company focused on growth from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Complex in Idaho, USA. The Company expects to begin producing gold in the fourth quarter of 2019 at its fully funded, Relief Canyon Project, in Nevada, USA which is currently in construction. The Company also holds an option on the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or
Cautionary Statement on Forward-Looking Information:
This news release contains “forward-looking information” ---- assumptions, intentions, or statements about future events or performance.
Forward-looking information is based on the opinions and estimates of Americas Silver as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results ---- Administrators on SEDAR and with the SEC, this information, except as required by law. Americas Silver does not give any assurance (1) that Americas Silver will achieve its expectations, or (2) concerning the result or timing thereof.
For more information: Darren Blasutti President and CEO Americas Silver Corporation 416-848-9503
Ray Dalio: 'Cash is trash' in the 2020 market 37,888 views•Jan 21, 2020
CNBC Television 341K subscribers Ray Dalio, founder of Bridgewater Associates, joins "Squawk Box" at the World Economic Forum in Davos to discuss what he's watching in the markets for 2020.
A gold standard return? Here’s how Conrad Black sees it - 6,711 views Jan 21, 2020
Kitco NEWS 89.8K subscribers The world needs another hard currency to anchor its financial system on, but a full gold standard today would put too much power in the hands of a small group of miners and engineers, this according to financier and media mogul Conrad Black.
“My idea is somewhat similar to Keynes, who in most respects I don’t agree with, but a gold/oil consumer basket of some sort,” Black told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
Trump Nominates Gold Advocate Judy Shelton for the Fed ANALYSIS | Published Jan 19, 2020 23:05 (+00:00) Share on Twitter Share on Facebook Share on Linkedin
Trump nominated Judy Shelton, a gold standard advocate, for the Fed. She faces an uphill battle.
Could Trump's Next Fed Chair Be A "Goldbug?"
Judy Shelton is an American economic advisor to President Donald Trump. She is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve.
The Mises Institute asks Could Trump's Next Fed Chair Be A "Goldbug?"
This week, Donald Trump formally nominated Judy Shelton and Christopher Waller for vacant governorships on the Federal Reserve. Waller, the Vice President of the Richmond Fed, is widely viewed as a standard Fed nominee with the reputation of being a "dove" who has criticized recent interest rate hikes. It is Judy Shelton who is particularly interesting.
A former campaign adviser for Trump, Shelton has been a vocal Fed critic who has praised the gold standard in the past.
While has recently advocated for lower interest rates, she has also been a critic of the Fed's policy of paying interest on excess reserves that has become a key policy tool since 2008. Shelton's nomination is also interesting due to her background standing in stark contrast to most of her colleagues.
The bad news is that she leans heavily toward supply-side economics, which is deeply flawed on monetary policy. Like most supply-siders, the position she advocates may be summed up in the motto, “I favor sound money—and plenty of it.”
Still, though by no means an Austrian, Shelton's voice on the Fed would create some much needed ideological diversity to the central bank.
Shelton Slams Bank’s ‘Soviet’ Power Over Markets
Please consider Shelton Slams Bank’s ‘Soviet’ Power Over Markets
“How can a dozen, slightly less than a dozen, people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don’t know what the right rate should be. How could anyone?” said Shelton.
That paragraph is all you need to read to understand Shelton is an exceptionally good nomination and far more competent than anyone on the Fed.
Obstacles to Confirmation
She is an excellent candidate. Unfortunately, Shelton Faces Obstacles to Confirmation.
One of the obstacles is there cannot be two people from the same district. Fed Governor Lael Brainard is from the same Richmond region.
I suspect Trump will easily find a way around the region obstacle. The second and far more important obstacle is the Senate may not confirm a gold advocate.
Cowen analyst Jaret Steinberg said there are enough flash points to keep her from being seated. “Shelton would be a perfect fit as she would be a Trump loyalist who won Senate confirmation,” Steinberg said in a note. “We suspect there are enough Republicans who question her views on the gold standard and on excess reserves to put her confirmation in real doubt. To us, the Senate is unlikely to reject her nomination. The most likely outcome is that it just never votes to confirm her.”
In contrast, Greg Valliere, chief global strategist at ABF and a veteran authority on Washington’s impact on Wall Street opined, “Her views are a little exotic, but I think she’s got a pretty good chance of making it.”
Mainstream Resistance
Trump nominated Shelton last year, but nominations expire at the end of the year. So this is the second time Trump tried to appoint Shelton.
Last August, when Shelton's name first came up, Austrian economist Robert Murphy noted The Econ Establishment Teams Up To Denounce Judy Shelton.
Ever since President Trump nominated Judy Shelton to the Federal Reserve Board, the economics establishment has been letting Americans know just how crazy she (allegedly) is. And to illustrate that the establishment is bipartisan, the condemnation of Shelton has come from both the left and the right. For example, an American Enterprise Institute fellow has an article in The Hill warning of “Trump’s bizarre Federal Reserve nomination,” while National Review’s resident monetary wonk, Ramesh Ponnuru, wrote in Bloomberg that Shelton not only has a history of pushing very bad policies, but now is apparently flip-flopping just to get the job. And on Twitter, an econ-watcher has a long thread detailing all of the self-evidently nutjob positions Shelton has advanced over the years. Why, she’s not just for the gold standard, but she’s against FDIC! And she thinks the Fed’s 2% (price) inflation target erodes your property rights. Can you imagine?!
Shelton has long favored some form of commodity backing of the dollar, including praise for the historical gold standard. (In his column offering qualified praise for Shelton, Joe Salerno pointed out that in her writings, Shelton has unfortunately failed to distinguish the true classical gold standard from the much more dubious Bretton Woods framework.)
Diversity at the Fed Needed
On January 3, I commented Allegedly, There is a Gender Gap in Economics
Instead of more women or blacks on the Fed, I suggest we try actual diversity of economic opinion and not gender for gender's sake.
What's most needed on the Fed is an Austrian economist who proposes dissolving it. That would be diversity.
Instead, expect more group think nonsense about race and the Phillips Curve.
Good Ole Boy Network
To become a Fed president you have to think, believe, and act like a good ole boy.
Janet Yellen is best not thought of as a woman, but rather a good ole boy.
Shelton Precisely Needed
If people really wanted diversity, they would see Shelton as an excellent choice. But diversity is nothing but lip service about gender and race.
Diversity ought to be about opinions.
Murphy provides an excellent point-by-point analysis of what Shelton has right and wrong. but the bottom line is a point I made above: "Shelton is an exceptionally good choice and far more competent than anyone on the Fed."
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
Hi Montanore, Great Panther Mining positioned to post strong 2020 after record net income and operating cash flow in 2Q -
The group put the strong results down to the strong rise in the gold price and record output from its flagship Tucano mine in Brazil
Great Panther Mining Limited -
At the Tucano mine alone, output was a record 35,421 ounces in the quarter compared to 29,899 ounces in the same period last year -
Great Panther Mining Limited (TSE:GPR) (NYSEAMERICAN:GPL), the precious metals miner, posted a clutch of record numbers in its second quarter financials, despite the challenges posed by the coronavirus (COVID-19) pandemic, including a net income compared to a loss in the same period last year.
The group put the strong results down to the strong rise in the gold price and record output from its flagship Tucano mine in Brazil.
READ: Noble Capital says Great Panther Mining's 2Q production figures highlight "solid performance" at Tucano -
Net income for the three months to June 30 came in at a record US$8.5 million compared to a loss of US$5.7 million for the second quarter of 2019.
Mine operating earnings before non-cash items were a record US$35.8 million, up 233% on the figure of US$10.7 million a year ago.
Cash flow from operating activities came in at US$19.5 million, versus a loss of US$5.5 million in 2Q, 2019.
Revenue for the three months was US$67 million versus US$45.2 million a year ago, on consolidated gold production across all mines of 36,357 ounces (2Q 2019: 33, 461 ounces).
At Tucano alone, output was a record 35,421 ounces in the quarter compared to 29,899 ounces in the same period last year.
"The combination of a strong rise in the gold price and record production at our flagship Tucano mine, leading to a substantially lower AISC, drove a significant increase in cash flow from operating activities to a record $19.5 million for the second quarter of 2020," said Great Panther CEO Rob Henderson in a statement.
"This was an impressive result given the unprecedented challenges of managing COVID-19."
The firm operates the Tucano mine in Brazil and the Topia and the Guanajuato Mine Complex (GMC) in Mexico (where operations restarted in June).
Across the group, Great Panther expects to produce for full year 2020 between 146,000 and 158,000 gold equivalent ounces at all-in sustaining costs (AISC) in the range of US$1,150 to US$1,250 per gold ounce sold and is "well positioned" to deliver strong results.
"With the restart of the company's operations in Mexico in June, a strong increase in the price of silver and new records for the gold price since the end of the second quarter, Great Panther expects continued strong cash-flow generation in the third quarter," it added.
As at the end of June, the miner held cash and equivalents of US$60.2 million, an increase from US$37 million at the end of 2019.
One-On-One with David Garofalo, Chairman Marshall Precious Metals Fund and Great Panther Mining 155 views•Aug 18, 2020
Bloor Street Capital
David Garofalo, Chairman of Marshall Precious Metals Fund and Great Panther Mining and former President and CEO of Gordcorp, shares how the Newmont-Goldcorp deal transpired, his views on gold and bitcoin and what he would do if he could have a second career.
Great Panther Silver (GPL) Tops Q2 Earnings and Revenue Estimates Great Panther Silver (GPL) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this silver mining company would post a loss of $0.01 per share when it actually produced a loss of $0.02, delivering a surprise of -100%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Great Panther, which belongs to the Zacks Mining - Silver industry, posted revenues of $67.03 million for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 3.47%. This compares to year-ago revenues of $45.28 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Great Panther shares have added about 78.4% since the beginning of the year versus the S&P 500's gain of 3%.
artman thank you - Very possible, may even be before Christmas!!! Q3 financials will have a major impact in delivering higher share prices once news released and Q4!!! GPL looking very positive!!
Ex. a fast comparison with ex... Kirkland Lake Gold Corp. and it had only one producing mine when it was @ a low $price and it has done very well - I felt it had more risk for mining - done in one of the deepest mines in Canada -
GPL/GPR have many more mines and @ this low $price :-)) - its a great gold & silver mines bargain opportunity - Imo!
Gold & Silver bulls starting to break out > ^ > ^ > ^
Montanore thanks; $Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or "the Company") announces its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico .
2020 Production Highlights
Tucano's production increased to 125,417 gold ounces (Au oz) Consolidated metal production of 150,051 gold equivalent ounces ("Au eq oz"), inclusive of 133,031 Au oz and 1,118,094 silver ounces (Ag oz), a 2% increase over 2019
Achievement of consolidated guidance range of 146,000 - 158,000 Au eq oz ....
BTW>.. Silver - history - very Long Term LT oversold - undervalued - the manipulation creates hardship for Silver miners worldwide - in the future it will explode - the more manipulation - the higher Silver will fly -
(to see the 600yearsilver chart chart - put your mouse arrow to the box - use the right side - button on your mouse - click view image) It used to work and get it again :-))
$Great Panther Achieves 2020 Guidance with Production of 150,051 Gold Equivalent Ounces TSX: GPR | NYSE American: GPL VANCOUVER, BC , Jan. 14, 2021 /CNW/ -
Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or "the Company") announces its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico .
2020 Production Highlights
Tucano's production increased to 125,417 gold ounces (Au oz) Consolidated metal production of 150,051 gold equivalent ounces ("Au eq oz"), inclusive of 133,031 Au oz and 1,118,094 silver ounces (Ag oz), a 2% increase over 2019
Achievement of consolidated guidance range of 146,000 - 158,000 Au eq oz
Fourth Quarter 2020 Production Highlights
Tucano produced 32,017 Au oz Consolidated metal production of 36,997 Au eq oz, including 33,703 Au oz and 225,477 Ag oz
Topia successfully restarted production in December following a voluntary suspension in November to safeguard the health of its workforce and local community against the spread of COVID-19
"We delivered on our 2020 production guidance and produced more gold last year than in 2019, despite the challenges of COVID-19. Our teams in Brazil , Mexico , and Peru did a tremendous job prioritizing health and safety, while still achieving profitable production and executing our exploration programs", stated Rob Henderson , President and CEO. "The Mineral Reserve and Resource update for our flagship Tucano mine, announced in December, has allowed for an extension of the life of the Urucum and Taperaba pits, and the latest mine plan will see a transition to mining higher grades in 2022 and 2023. Exploration activity at Tucano in 2021 is planned to ramp up, with a focus on identifying regional opportunities, proving up the underground potential and expanding the existing open pits. In 2021, consolidated gold equivalent production from the Tucano, GMC and Topia mines is expected to be 135,000 to 150,000 Au eq oz."
COVID-19 Response
Great Panther has developed and implemented effective COVID-19 prevention, monitoring and response plans following the guidelines of the World Health Organization and the regulatory agencies of each country in which it operates to ensure a safe work environment. Protocols include mandatory medical screening and testing on arrival at site, training sessions on health awareness and health and safety protocols, physical distancing and increased sanitation measures, and updated operating procedures. Specific areas have been prepared for the isolation, testing and care of employees showing COVID-19 symptoms. All confirmed cases of COVID-19 are in isolation and being monitored by Company health professionals with regular reports to health authorities.
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Yes, it`s possible and very exciting :-))
SILVER Short Squeeze Coming From Reddit GAMESTOP Traders |ex. Gold & Silver - David Morgan 23,890 views•Jan 31, 2021
Montanore thanks; Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or "the Company") announces its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico .
2020 Production Highlights
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ironyman thanks; Silver used to be the Real Money and be higher priced than Gold sometimes - its Father God money for us -
$Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or "the Company") announces its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico .
2020 Production Highlights
Tucano's production increased to 125,417 gold ounces (Au oz) Consolidated metal production of 150,051 gold equivalent ounces ("Au eq oz"), inclusive of 133,031 Au oz and 1,118,094 silver ounces (Ag oz), a 2% increase over 2019
Achievement of consolidated guidance range of 146,000 - 158,000 Au eq oz ....
BTW>.. Silver - history - very Long Term LT oversold - undervalued - the manipulation creates hardship for Silver miners worldwide - in the future it will explode - the more manipulation - the higher Silver will fly -
(to see the 600yearsilver chart chart - put your mouse arrow to the box - use the right side - button on your mouse - click view image) It used to work and get it again :-))
$Great Panther Achieves 2020 Guidance with Production of 150,051 Gold Equivalent Ounces TSX: GPR | NYSE American: GPL VANCOUVER, BC , Jan. 14, 2021 /CNW/ -
Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or "the Company") announces its fourth quarter (Q4) and annual 2020 production results from its three 100% owned mines: Tucano in Brazil , and Topia and the Guanajuato Mine Complex (GMC) in Mexico .
2020 Production Highlights
Tucano's production increased to 125,417 gold ounces (Au oz) Consolidated metal production of 150,051 gold equivalent ounces ("Au eq oz"), inclusive of 133,031 Au oz and 1,118,094 silver ounces (Ag oz), a 2% increase over 2019
Achievement of consolidated guidance range of 146,000 - 158,000 Au eq oz
Fourth Quarter 2020 Production Highlights
Tucano produced 32,017 Au oz Consolidated metal production of 36,997 Au eq oz, including 33,703 Au oz and 225,477 Ag oz
Topia successfully restarted production in December following a voluntary suspension in November to safeguard the health of its workforce and local community against the spread of COVID-19
"We delivered on our 2020 production guidance and produced more gold last year than in 2019, despite the challenges of COVID-19. Our teams in Brazil , Mexico , and Peru did a tremendous job prioritizing health and safety, while still achieving profitable production and executing our exploration programs", stated Rob Henderson , President and CEO. "The Mineral Reserve and Resource update for our flagship Tucano mine, announced in December, has allowed for an extension of the life of the Urucum and Taperaba pits, and the latest mine plan will see a transition to mining higher grades in 2022 and 2023. Exploration activity at Tucano in 2021 is planned to ramp up, with a focus on identifying regional opportunities, proving up the underground potential and expanding the existing open pits. In 2021, consolidated gold equivalent production from the Tucano, GMC and Topia mines is expected to be 135,000 to 150,000 Au eq oz."
COVID-19 Response
Great Panther has developed and implemented effective COVID-19 prevention, monitoring and response plans following the guidelines of the World Health Organization and the regulatory agencies of each country in which it operates to ensure a safe work environment. Protocols include mandatory medical screening and testing on arrival at site, training sessions on health awareness and health and safety protocols, physical distancing and increased sanitation measures, and updated operating procedures. Specific areas have been prepared for the isolation, testing and care of employees showing COVID-19 symptoms. All confirmed cases of COVID-19 are in isolation and being monitored by Company health professionals with regular reports to health authorities.
$artman thanks; The biggest short squeeze in the world is SILVER $25 to $1000!! With Silver Go Higher GPL to EXPLODE - :-)) Silver Front runner & GOLD GPL To Explode - :-)) Imo!
Yes, it`s possible and very exciting :-))
SILVER Short Squeeze Coming From Reddit GAMESTOP Traders |ex. Gold & Silver - David Morgan 23,890 views•Jan 31, 2021
The Company will host a conference call and webcast on Thursday, March 4, 2021, at 9:00 AM PT/12:00 PM ET. Shareholders, analysts, investors and media are invited to join by logging in or calling in five minutes prior to the start time.
International Toll: +1 604 638 5340 Scroll to the right to see the table data.
A replay of the webcast will be available approximately one hour after the conference call. Audio replay will be available until April 4, 2021, by calling the numbers below using the replay access code 6298.
Canada/USA TF: 1 800 319 6413
International Toll: +1 604 638 9010
Replay Access Code: 6298 Scroll to the right to see the table data.
Replay of previous Great Panther conference call and webcasts are available below.
2020
Third Quarter 2020 Financial Results Webcast and Conference Call Second Quarter 2020 Financial Results Webcast and Conference Call First Quarter 2020 Financial Results Webcast and Conference Call
$GPL is way undervalued and heading to multi dollars the financial forecasts to be released soon!!
$BARCHART OPINION Overall Average: 88% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
Legend Pierre Lassonde Has Been Aggressively Buying This Mining Stock, His Top Pick For 2021
Legend Pierre Lassonde has been aggressively buying this mining stock, his top pick for 2021. Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, former Chairman of the World Gold Council and former Chairman of Franco Nevada. Lassonde is one of the wealthiest, most respected individuals in the gold world, and as always King World News would like to thank him for sharing his wisdom with our global readers during this critical period in these markets.
Great Value In Mining Stocks Eric King: “Pierre, some of these large cap mining stocks have become value plays. And there is even more value as you start to go down the line, particularly into some of the smaller stocks. We invest alongside each other and we have been buying a company called America’s Gold & Silver. I invested 7 figures into that (stock), Pierre, and I know you own 5% of the company.”
America’s Gold & Silver: All Of The Upside For Free Pierre Lassonde: “In the mid-cap (mining stock space) there are a number of stocks that I really like. And I like stocks that have a lot of optionally values. Meaning that you are buying the existing asset but then you are getting all of the upside for free.
The Discovery Of A New Silver Zone And America’s Gold & Silver (symbol USAS in the United States and USA in Canada) is one of those where if you look at the results that they’ve been putting out on their Galena property, the intercepts that they are seeing, and the discovery of the new silver zone in the hundreds of grams per tonne (800-900 grams per tonne silver), I mean it is fascinating, it is really interesting. Plus there is like 2%-5% copper on top of that. And so in terms of equivalent, you are looking at 40+ ounces of gold equivalent per tonne. Well that’s like $1,000+ per tonne material, like something the ‘old timers’ would see. Plus they are finally getting good results at Relief Canyon — their gold project.
Unlocking Value And it looks like they are finally going to get started back in Mexico. They are getting agreements done with all of the various parties. They are finally getting that sorted out with the help of the federal government. So things are finally coming together and the stock is selling for less than .4 NAV (Net Asset Value). Well, I love buying a thing for 40 cents on the dollar and then being able to sell them at full (plus rising) NAV. And that’s why I’ve been saying to you that it’s a great deal and why I’ve been picking up stock in the market. And yes, I do own about 5% of the company.”
MUST LISTEN: In this audio interview Pierre Lassonde shares with KWN listeners around the world what they should be doing with their money right now in the gold and silver sector as well as discussing where the price of gold is headed and why he is so bullish and you can listen to the interview by CLICKING HERE OR ON THE IMAGE BELOW.
The Martha property (“Martha”) is located in the Province of Santa Cruz, Argentina.
The closest community is the town of Gobernador Gregores, situated approximately 50 road kilometers (km) to the west-southwest of Martha.
The property is the site of past exploration for, and surface and underground mining and recovery of, silver and gold from epithermal veins and vein breccias, previously built and operated by Coeur Mining Inc. (formerly, Coeur d’Alene Mines Corp.) and Yamana Gold Inc.
Patagonia is focused on the Calcatreu gold and silver project in Rio Negro Province, Argentina and the Cap Oeste underground resource, with the potential for processing at the M. Martha plant in Santa Cruz Province, Argentina.
$Montanore thanks; Patagonia Gold First Quarter Financial Results VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) --
Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces its results for the quarter ended March 31, 2021 (“Q1 2021”).
The financial statements for Q1 2021 together with the related management’s discussion and analysis are available on the Company’s website and under the Company’s profile on SEDAR at www.sedar.com.
Highlights
Generated revenue of US$5.75 million and gross profits of US$2.28 million in Q1 2021.
Produced 2,171 gold equivalent ounces (1) and sold 3,198 gold equivalent ounces (1) .
Received a definitive permit for the development of the Cap-Oeste gold/silver underground project.
Closed C$9.3 million equity financing.
Exercised the option to acquire a 100% interest in the Mina Angela project located in Chubut Province, Argentina.
Mr Hunt is founder and president of Huntwood Industries, one of the largest building products manufacturers in the Western United States.
Tim Hunt has led the development of Huntwood Industries for the past 3 decades, taking the business from a start-up venture to a significant middle-market enterprise responsible for over $2bn in sales.
Mr. Hunt previously spent time as an investment broker, cultivating lasting alliances in the mining and investment communities and has been involved in the mining sector for over 30 years, $including those as founder of Hunt Mining, which has been active in Argentina for 14 years.
Patagonia is focused on the Calcatreu gold and silver project in Rio Negro Province, Argentina and the Cap Oeste underground resource, with the potential for processing at the M. Martha plant in Santa Cruz Province, Argentina.
$During its production life Martha produced from very high-grade veins and vein breccias. The high silver grades of the historic Mineral Reserves, ranging from over 2,500 grams/tonne (g/t) in the early years of the project to over 400 g/t in the later production years, and the high silver to gold ratio of the historic Mineral Reserves which averaged over 900:1, set Martha apart from the other producing mines in the province.
TORONTO , June 8, 2021 /CNW/ - Excellon Resources Inc. (TSX: EXN) (TSX: EXN.WT) (NYSE: EXN) (FRA: E4X2) ("Excellon" or the "Company") is pleased to announce permitting approval for the Drill Operation Plan at the Silver City Project in Saxony, Germany and to outline 2021 drilling plans.
Highlights of 2021 Drilling Program
Initial 12,000 metre diamond drilling program commencing imminently on four priority targets– Grauer Wolf, Reichenbach, Bräunsdorf and Peter Vein – following up on high-grade silver mineralization encountered in 2020 program Priority drilling also planned at Munzig, where anomalous mineralization was encountered in multiple zones during 2020 drilling Program also designed to test new targets on over 30 kilometres of strike on two confirmed contacts, with the mafic-schist contact identified in 2020 at Reichenbach and Grauer Wolf representing a potentially more conducive setting for epithermal silver mineralization "Our 2020 drilling program confirmed the presence of a major epithermal system, encountered high-grade silver species and delivered high-grade assays, including new discoveries at Grauer Wolf and Reichenbach," stated Ben Pullinger , SVP Geology & Corporate Development. "We achieved these milestones with only 16 holes over 24 kilometres of strike. This year's program will build on the modelling and integration of those results to expand on our 2020 discoveries and make new ones in 2021."
Highlights from the 2020 drilling program include:
1,042 g/t AgEq over 0.45 metres (911 g/t Ag, 0.4 g/t Au, 2.8% Pb and 0.9% Zn) , within 231 g/t AgEq over 2.30 metres (183 g/t Ag, 0.4 g/t, Au 0.5% Pb and 0.2% Zn) in initial drilling on the Peter Vein; 505 g/t AgEq over 0.71 metres (356 g/t Ag, 2.0 g/t Au) , within 191 g/t AgEq (134 g/t Ag and 0.8 g/t Au) in first hole at Reichenbach (Großvoigtsberg), a new, near-surface discovery in an area with minimal historic mining; 319 g/t AgEq over 0.35 metres (300 g/t Ag, 0.2 g/t Au and 0.2% Zn) , within 101 g/t AgEq (87 g/t Ag, 0.2 g/t Au) at Bräunsdorf ; 1,043 g/t AgEq over 1.3 metres (954 g/t Ag, 0.1 g/t Au, 0.7% Pb and 2.0% Zn) within 100 metres of surface, within 194 g/t AgEq over 8.1 metres (173 g/t Ag, 0.1 g/t, Au, 0.4% Pb and 0.3% Zn), and 331 g/t AgEq over 1.2 metres (325 g/t Ag, 0.1 g/t Au, 0.03% Pb and 0.03% Zn) in the hanging wall at Grauer Wolf, a new high-grade discovery in an area with no historic drilling. Drillling at the Munzig target in late 2020 encountered two zones of mineralization within 75 metres of surface (including 2.43 metres grading 116 g/t AgEq from 70 metres and 1.60 metres grading 143 g/t AgEq from 77 metres in SC20MUN015) separated by a non-mineralized dike, potentially aligning with historic records describing some of the broadest widths in the Bräunsdorf area.
Including the Munzig target, mineralization has now been encountered over 24 kilometres of strike. The table below summarizes targets and associated mineralization on areas tested in 2020.
GLOBEX is a Toronto Stock Exchange, Frankfurt and OTCQX-listed corporation with a diversified North American portfolio of mid-stage exploration, development and royalty properties containing:
Precious Metals (gold, silver, platinum, palladium), Base Metals (copper, zinc, lead, nickel), Specialty Metals and Minerals (manganese, titanium oxide,iron, molybdenum, lithium, rare earths and antimony) and Industrial Minerals and Compounds (mica, silica, apatite, talc, magnesite, potassic feldspar, pyrophyllite).
Globex explores for its own account and options many of its numerous projects to other companies which pay Globex cash, shares and a royalty and undertake extensive exploration in order to earn an interest in Globex's projects.
$Great Panther Mining drill program returns high-grade intercepts from Urucum North Deposit at Tocano Jul 23, 2021
Proactive 42.7K subscribers $Great Panther Mining Limited (TSE: GPR – NYSE American: GPL) CEO Rob Henderson joined Steve Darling from Proactive to bring news the company has seen high-grade results from drilling at the Urucum North Gold Mine Deposit on their Tocano Gold Mine Project.
The company is hoping to see an estimated 40,000 to 50,000 gold ounce per year underground gold mine.
Henderson also shared with Proactive, the latest Production results from the Urucum Central South Gold mine open pit operation.
Exploration drilling has delineated continuity in the underground zone and potential for expanding the open pit
VANCOUVER, BC , July 22, 2021 /CNW/ -
$Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growing gold and silver producer focused on the Americas, announces drill results for the Urucum North ("URN") deposit located at its wholly-owned Tucano mine in Brazil .
Rob Henderson , Great Panther's President & CEO commented: "We are very excited with the exploration results we are seeing from Tucano, which demonstrate the potential for additional near-term gold production.
The high grades discovered at Urucum North are encouraging, and we are expediting studies to support a decision to initiate underground production to supplement the open pit feed to the mill. Drilling also identified shallow high-grade mineralization, which we believe will extend the Urucum North pit."
The URN underground project envisions an estimated 40,000 to 50,000 gold ounce ("Au oz") per year
Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three; operating gold and silver mines,
four exploration projects, and an advanced development project.[/color]
Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio.
Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.
SOURCE Great Panther Mining Limited
For further information: Fiona Grant Leydier, Vice President, Investor Relations, T : +1 604 638 8956, TF : 1 888 355 1766, E : fgrant@greatpanther.com, W :
Montanore thanks; Financial Crisis Is Inevitable - Silver & Gold Time Is Now - James Turk 5,130 views Premiered 5 hours ago James Turk joins us to discuss the latest in the Silver & Gold markets, the financial crisis that is building in the system, the central banks have no viable solutions to resolve this and more. James Turk's website - https://www.goldmoney.com/corporate/b..