Explorer & Developer Buys Drilling Equipment for Use at Fiji Project

Source: Streetwise Reports 01/17/2019

The company now has easy access to essential equipment it can use at a lower cost.

Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it acquired Geodrill’s drilling equipment to use on its Tuvatu gold project in Fiji.

The assets Lion One purchased from the Nadi, Fiji-based exploration drilling company include two diamond drill rigs, one surface and one underground, along with drilling rods, downhole survey cameras and temperature monitors, transport vehicles, support trucks and a spare parts collection. The company had actually used the surface rig for much of its explorative drilling over the past five years.

“Lion One has also hired an experienced local drilling team that will ensure the company has readily available, cost-effective drilling capabilities well into the future,” Lion One’s Managing Director Stephen Mann said in the release.

The next step for the company is to plan future drilling that will commence once Fiji’s rainy season ends, the company noted.

Read what other experts are saying about:

Lion One Metals Limited

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Lion One. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or …read more

Gold Explorer Recovers Core Historically Drilled on Its Northwest Territories Property

Source: Streetwise Reports 01/17/2019

A top priority now is confirming historical reports of mineralization are accurate.

TerraX Minerals Inc. (TXR:TSX.V) recovered 16,000 meters of historical core from holes drilled on its Yellowknife City property, which reveal visible gold, it announced in a news release. Past drill logs for this core note that “several holes showed significant gold intersections.”

“Acquiring core with visible gold provides an exciting and unexpected jumpstart to the advancement of key targets that will provide investors an early look at assay results in H1/19,” President and CEO David Suda said in the release. “We have effectively gained a full season of drilling for a fraction of the normal cost.” The historical core happens to have been taken from three of the four spots TerraX has identified as its next drill targets.

TerraX now is sorting, logging and splitting the core for assaying. The goal is to test, and hopefully confirm, the validity of the historical reports.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or …read more

Velocity Minerals Scores Key Strategic Investment

Atlantic Gold Corp.

Source: Peter Epstein for Streetwise Reports 01/17/2019

Peter Epstein of Epstein Research discusses the strategic investment this gold explorer just received.

Velocity Minerals Ltd. (VLC:TSX.V; VLCJF:OTCQB), the Bulgarian gold exploration and development company, with a strong PEA on its Rozino project, and six additional near-surface gold prospects, announced a key strategic investment by Atlantic Gold Corp. (TSX-V: AGB; OTCQB: SPVEF).

A Vote of Confidence in Velocity Minerals

Atlantic Gold is a C$400 million company with proven mine building capabilities. It produced 90,531 ounces of gold in 2018 at a very low all-in sustainable cost of US$521–US$566/oz. The mine was built on time and on budget and production metrics are exceeding Feasibility levels. The mine is being expanded to 200,000 ounces/year.

This is a significant de-risking event for Velocity as it will receive a C$3.9 million equity investment at a premium to its market price, plus a C$5.1 million 5-year secured 8.5% convertible bond investment with a conversion price of C$0.25/share (a 35% premium). The convertible bond has no strings attached (no warrants or other equity kickers). In total Velocity will receive C$9 million from Atlantic Gold.

Velocity CEO Keith Henderson stated, “We are delighted to welcome Atlantic Gold as a strategic investor in the company. Atlantic’s development expertise in Nova Scotia complements our exploration success in Bulgaria. Our corporate strategies are aligned, with Velocity’s development objectives mirroring Atlantic’s successful hub-and-spoke approach of satellite deposits feeding a centralized processing plant. The proceeds from the financing will allow for the progression of our PEA-stage Rozino gold project toward feasibility and for exploration and resource definition of several additional projects. We believe that 2019 will be a transformative year for Velocity.”

$9 Million in Proceeds Will Go a Long Way….

Upon deployment of the C$9 million, Atlantic Gold will own 39.2% of Velocity Minerals on a partially diluted basis. Atlantic Gold and Velocity plan to work closely together to advance Velocity’s Rozino project through Feasibility studies and ultimately, if warranted, construction and commissioning.

Proceeds from the Strategic Investment will be used to fund the advancement of the Rozino gold project towards Feasibility and permitting, including resource expansion and definition drilling, engineering studies, and environmental monitoring and assessment. In addition, Velocity will proceed with exploration and assessment of satellite deposits where Velocity has negotiated option rights.

From the press release,

“Velocity envisions staged open pit mining of satellite deposits and processing in a central CIL plant. An existing, operating processing plant is available through an Exploration and Mining Alliance with its established Bulgarian operating partner. Velocity’s strategy is to build a production profile of more than 100,000 ounces of gold per year for over 10 years.”

Atlantic Gold was drawn to Velocity’s Rozino project due to the attractive features of its PEA.

PEA Based on Just a Six-Year Mine Life

AISC in the range of ~USD$550-650/oz, in the lower decile of industry costs

Low initial capex

Low strip ratio deposits with a 1.51 g/t Life …read more

Exploring for World-Class Gold, Silver and Copper Deposits in Nicaragua

Source: Maurice Jackson for Streetwise Reports 01/16/2019

Ryan King, vice president of corporate development at Calibre Mining, sits down with Maurice Jackson of Proven and Probable to discuss his company’s joint ventures, exploration in Nicaragua and strategic plans.

Maurice Jackson: Joining us today is Ryan King. He is the vice president, corporate development, of Calibre Mining Corp. (CXB:TSX.V; CXBMD:OTC), which is exploring for world-class gold, silver and copper deposits in Nicaragua.

For someone new to the story, who is Calibre Mining and what is the thesis you’re attempting to prove?

Ryan King: Calibre Mining’s thesis is twofold. One, we’re exploring for world-class discoveries in Nicaragua. We just had over 8 million ounces of produced gold in this district that we’re exploring.

Second, we believe Nicaragua provides optionality right now for our shareholders. Our team has a proven track record of successfully acquiring, advancing, optimizing and selling projects. Recently, Calibre has gone through a restructuring. We’ve added some new people to our team. We are trying to duplicate what we’ve done in our last deal called New Market Gold. That is go out and buy advanced stage development or producing gold opportunities and optimize those operations, spend money on them, drill them, find more resources, and potentially we’d love to merge or sell the company after we’ve spent some time adding value to the company.

Maurice Jackson: You referenced Nicaragua. Provide us with some historical context on the region in which your project portfolio is located.

Ryan King: For those who don’t know, Nicaragua does have a bit of a checkered past. It’s gone through different political situations, it’s gone through different civil war during the 1950s and 1960s. There is a significant period of time where there was no mineral exploration. It was a country that was difficult to work in.

However, over the years, we’ve seen gold developers and gold producers go there, Falconbridge and others, and there’s been some great gold development. There’s been some great gold production. We have a couple projects around us, and actually within portfolio, that has produced multi-million ounces, produced copper. But it has been underexplored for a number of decades.

One of the virtues of Calibre Mining is that we are on the Ring of Fire, a well-known phrase that’s used within the geological and mining community known for hosting large copper-gold deposits.

Calibre was able to pick up this land package from Yamana in 2009, which had recently done some restructuring. I believe it had recently merged with a company back in 2007, 2008. After the merger Yamana was looking at doing different things. There was no production in the portfolio there in Nicaragua currently or was there any at the time that we had fired these. These are just exploration projects around and within concessions that has seen historical production.

Maurice Jackson: Calibre’s flagship Borosi project has district-scale discovery potential in Nicaragua. Where are your projects located …read more

Metals Explorer's Upcoming Catalysts Offer 'Significant Upside' on 'Top-Pick'

Source: Streetwise Reports 01/15/2019

Echelon Wealth Partners reviewed the activity investors should expect from this Vancouver-based company in a ‘pivotal’ Q1/19.

In a Jan. 8 research note, analyst Ryan Walker reported Echelon Wealth Partners again chose Pure Gold Mining Inc. (PGM:TSX.V) as a Top Pick for Q1/19, a “pivotal quarter for the company with several catalysts in the offing.”

Echelon’s “positive view on the company’s shares reflects Madsen’s high-grade nature, potential for solid near-term, high-margin production and substantial exploration potential (supported by recent Wedge drill results),” the analyst added.

Events that could impact the share price include completion of an updated resource estimate for the Madsen project, including an initial resource estimate of the satellite Wedge deposit. The latter will incorporate all assays from drilling at Wedge, Russet South, Fork and Madsen done before Sept. 1, 2018.

Results from the Wedge drilling showed increased continuity and extension of the high-grade mineralization vertically, down to more than 500 meters (500m). Two highlight holes are PG18-540, which demonstrated 354 grams per ton (354 g/t) gold over 1m (from 372.4m downhole) and PG18-564, which showed 18.3 g/t gold over 1m (192.9m) and 53.6 g/t over 1m (243.7m).

Currently, Madsen has 1.74 million ounces at 8.73 g/t of Indicated resources and 296,000 ounces at 7.89 g/t of Inferred resources.

A definitive feasibility study also is expected in Q1/19, along with a preliminary economic assessment of the Russet, Fork and Wedge satellite deposits. All of those should be followed by a production decision for Madsen.

Echelon has a Speculative Buy rating and a CA$1.20 per share price target on Pure Gold, whose stock is currently trading at around CA$0.69 per share.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general …read more

Newmont's Acquisition of Goldcorp Will Create World's Largest Gold Producer

Source: Streetwise Reports 01/15/2019

A CIBC report discussed the terms, pros, cons and specifics of this transaction in the large-cap gold mining space.

In a Jan. 14, 2019 research note, CIBC analyst Anita Soni reported that Newmont Mining Corp. (NEM:NYSE) entered into a definitive agreement to acquire Goldcorp Inc. (G:TSX; GG:NYSE) for $10 billion. Closing of the deal is expected in Q2/19.

Soni pointed out that on one hand, the acquisition will allow Newmont to maintain its status as the world’s leading gold producer, maintaining a production rate of an estimated 6–7 million ounces a year.

However, the analyst highlighted, uncertainty about long-term production and costs related to Goldcorp’s assets will likely create an overhang on the stock. As such, CIBC downgraded its rating on Newmont to Neutral from Outperformer and will maintain that rating until the miner outlines its strategic plans. The bank also lowered its target price on the Colorado-headquartered miner to $41 per share from $48 “based on lower target multiples.” In comparison, Newmont’s stock is trading today at about $30.86 per share.

Soni relayed the terms of the Newmont-Goldcorp deal. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share plus cash of $0.02 per share. This reflects a 17% premium based on the 20-day volume-weighted average price. “On a preliminary basis, we view the deal as dilutive,” Soni noted, based on estimated values that exclude projected “synergies, asset sales or downward production revisions.”

The combined entity will be named Newmont Goldcorp and will be listed on the New York and Toronto stock exchanges. Newmont shareholders will own about 65% of the merged entity, and Goldcorp shareholders will own about 35%.

Looking forward, Soni indicated, the merged entity Newmont Goldcorp intends to optimize production levels, maintain a solid balance sheet and concentrate on shareholder returns. “Newmont noted that it is targeting investments in greater than 15% return projects and is targeting $1–1.5 billion of divestitures over the next two years while looking to deliver up to $100 million in annual pretax synergies,” she added.

Soni included additional details about the combined entity. Newmont’s CEO Gary Goldberg will delay his retirement and stay with the corporation through 2019, during which time Troy Palmer, Newmont’s current president and chief operating officer, will transition into that role.

Newmont Goldcorp will be headquartered at Newmont’s current Colorado base. Goldcorp’s Vancouver, British Columbia, headquarters will become the new company’s North America regional office for Canada and the U.S.

As for the board of the merged entity, Newmont directors will make up two-thirds of it, and Goldcorp directors will comprise the other third. Noreen Doyle, currently Newmont’s chairperson, will become the chairperson of Newmont Goldcorp’s board. Goldcorp’s chairperson Ian Telfer will become the new company board’s deputy chairperson.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides …read more

Beware the 'ZeroHedge Trap'

Source: Michael J. Ballanger for Streetwise Reports 01/14/2019

Precious metals expert Michael Ballanger discusses the turnaround in the markets at the end of the year and its effect on precious metals.

“ZeroHedge” from Wikipedia:
In September 2009, news reports identified Daniel Ivandjiiski, a Bulgarian-born,[d] U.S.-educated,[e] former hedge-fund trader, who was barred from the securities industry in September 2008 for earning USD 780 from an insider trade by FINRA,[14] as the founder of the site, and reported that “Tyler Durden” was a pseudonym for Ivandjiiski.[3][15][16]FINRA rulings show Ivandjiiski worked for 3 years at New York investment bank, Jefferies & Co.,[17] as well a number of hedge funds, the last of which was Wexford Capital LLC, a fund led by former Goldman Sachs traders.[18] One female site contributor, who spoke to New York magazine in an interview arranged by Ivandjiiski, said “up to 40” people could post under the “Tyler Durden” pseudonym.[3]

I first learned of ZeroHedge after reading a post about gold in mid-2009 and was immediately drawn to its uncanny ability to unmask the malodorous bile that emanates from the Wall Street Spin Machines led by the Wall Street Journal and CNBC. In the early days, ZH was a refreshing must-read every morning and every evening as they were able to scan and re-post some great breaking stories related to the markets or people within the markets with the bad actors and self-promoters such as Bill Ackman and Dennis Gartman frequently called out for either reputational gaffes or outright bad market calls.

However, over the years, as banner ads clogged the sight with alarming frequency causing great annoyance, the site has, in my mind, devolved into the “National Inquirer” of financial sites, persistently seeking out and spewing forth opinions on markets which are at once and always a) anti-Wall Street b) bearish c) pro-Gold and d) revisionist. The trouble with frequenting these kinds of sites for financial insights is that they carry a constantly tainted and totally biased viewpoint on those asset classes they choose to own and/or promote. Take the recent market meltdown this past December. In the days leading up to the Christmas Eve nadir in prices, they ran no fewer than three dozen stories from “guest contributors” that warned of an impending financial holocaust that would render all financial assets worthless and that one had better “sell everything not nailed down” to avoid one’s personal financial calamity. “Load up on gold!” was the esteemed advice from every corner of the ZH blog site just as they were screaming from gilded rooftops at the precious metals top in 2011.

Now, notwithstanding that I happen to AGREE with …read more

Company 'Positioning Itself as a Gold-Copper Developer to Watch in a Premier Jurisdiction'

Source: Streetwise Reports 01/10/2019

Discoveries, 2019 exploration plans and financings fill the agenda for this gold explorer/developer that has the attention of numerous analysts.

From new targets at prime locations to major multi-million-dollar financings, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) begins 2019 with many projects in the works.

New Target at Iskut

In late December 2018, the company announced that summer drilling at its 100%-owned Iskut Project in northwestern British Columbia “encountered the hallmarks of a large copper-gold porphyry system.”

The company zeroed in on the Quartz Rise lithocap in 2018. Specifically, it focused on testing for high-grade epithermal precious metal occurrences associated with the uppermost portion of a porphyry mineral system. The drill results indicated that most of the Quartz Rise lithocap had eroded. The company noted that hydrothermal breccia (diatreme) discovered in holes QR-18-14 and 17 confirmed that a porphyry source for the lithocap was nearby.

Seabridge Chairman and CEO Rudi Fronk noted, “We acquired Iskut in 2016 because it showed clear evidence of a large porphyry system similar in age and geology to our KSM project 30 kilometers to the east. Our view was that the Iskut porphyry was likely too deep to be our primary target and we therefore focused initially on finding a lithocap-hosted epithermal top of the porphyry system. We have since learned that this target is probably not viable in the Quartz Rise area due to erosion. However, we are very excited to find that this same erosion has given us the opportunity to explore for another KSM-style porphyry system located much closer to surface than we anticipated. This is the target we will now pursue at Iskut.”

Iron Cap Extension

Meanwhile, at Seabridge Gold’s 100%-owned KSM project in northwestern British Columbia, Seabridge confirmed the down plunge extension of the Iron Cap core zone. “Results include some exceptional widths of gold and copper mineralization with grades exceeding the KSM resource average,” the company noted. Hole IC-18-83, in particular, returned 548 meters of 0.63 g/t gold and 0.44% copper.

During the 2018 drilling program, management assessed the impact of post-mineral intrusions on the south end of the Iron Cap deposit and “obtained data for the optimum alignment of the proposed Mitchell-Treaty Tunnel (MTT) which would transfer ore to the proposed mill.”

According to Fronk, “Iron Cap has clearly become one of the best deposits in the KSM cluster, not only for its superior grade but also due to its proximity to infrastructure, which we expect will require less capital to develop than the Kerr and Sulphurets deposits, and also its size and orientation which favour efficient, cost-effective underground block cave mining.”

Aside from the 10 holes drilled in the northwest plunge projection, Seabridge also has three holes in its southwest plunge projection and one more in its northeast up dip projection.

Collectively, the drill holes were designed to test down plunge and across the Iron Cap deposit.

Multimillion-Dollar Financing

In late November, Seabridge announced the …read more

Further Metallurgical Testing on Australian Gold Project Ore Confirms Prior Findings

Source: Streetwise Reports 01/10/2019

The developer noted the new results complement previous ones from fine grinding and leaching tests.

Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX) announced in a news release that metallurgical testing on two 2.5-ton high-grade samples from the Mt. Todd project confirmed previous findings.

Specifically, high-pressure grinding roll crusher testing showed “increased concentration of gold in the fine fraction,” the release noted. Ore sorting revealed that sorting of higher-grade ore results in proportionally less gold being lost in the rejected material.

“These tests confirm the value-adding benefit of ore sorting for the Mt. Todd gold project in Australia and demonstrate lower gold losses with higher-grade crusher feed,” President and CEO Frederick Earnest said in the release. “We expect that these results will support additional improvements in the economics of the Mt. Todd gold project.”

Those economics are expected in an updated preliminary feasibility study in Q2/19, following completion of additional fine grinding and leaching tests in Q1/19.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an …read more

Revised 2018 Model on Gold Producer Reflects 'Better Costs, Upward Earnings'

Source: Streetwise Reports 01/10/2019

A CIBC report reviewed the miner’s recently announced Q4/18 production and cost figures.

In a Jan. 4 research note, CIBC analyst Bryce Adams reported that Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) met its revised full-year 2018 production guidance of 295–305 Koz with actual production of 302.6 Koz.

Q4/18 production alone, of 93.8 Koz, was consistent with CIBC’s estimate of 93.7 Koz.

Specifically, the Los Filos mine outperformed in Q4/18, producing 58.2 Koz versus CIBC’s forecasted 55.3 Koz. Fazenda delivered 19 Koz and Pilar, 11.6 Koz, generally in line with CIBC’s projections. RDM’s production of 4.9 Koz, however, came in lower than the expected 7.4 Koz.

Looking forward, Leagold is expected to announce results of a technical study of a possible carbon-in-leach plant for the underground ore at Los Filos.

As for costs, Leagold reported the all-in sustaining cost (AISC) for full-year 2018 will be around $979 per ounce. Accordingly, CIBC revised its AISC estimates on the company, to $986 per ounce for full-year 2018 and $1,008 per ounce for Q4/18.

Having updated its model to reflect new Q4/18 production and cost figures from Leagold, CIBC now projects for Q4/18 an earnings per share of $0.00 and a cash flow per share of $0.06, both up by $0.05 per share.

CIBC has an Outperformer rating and a CA$3.50 per share price target on Leagold, whose current share price is CA$1.92.

Read what other experts are saying about:

Leagold Mining Corp.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Leagold Mining. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not …read more

Gold Producer Reports New Quarterly Production Record at Mexican Mine

Source: Streetwise Reports 01/07/2019

The company provided a breakdown of the year’s production by mine.

Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release it achieved revised 2018 production guidance of 295,000–305,000 ounces by producing at total of 302,550 ounces from its quartet of mines. “2018 was a transformative year for Leagold, as we evolved from a single mine operator into a diversified group with four mines in two countries,” CEO Neil Woodyer said in the release.

“In Mexico, the Los Filos mine demonstrated significant production growth with 25,404 oz produced in December as gold recovery rates are normalizing and resulting in a new record quarterly production of 58,201 oz since our acquisition of the mine in April 2017,” Woodyer added.

Gold production in 2018 from each mine, from most to least, was: Los Filos, 195,362 ounces; Fazenda, 46,668 ounces; Pilar, 31,122 ounces; and RDM, 29,398 ounces.

Management forecasts the full year 2018 all-in sustaining cost (AISC) will be around $979 per ounce, the level at which it was at the end of Q3/18.

The gold miner will report full 2018 financial and operating results in mid-March. Next week, it will release results of studies concerning a Los Filos mine expansion and subsequently, 2019 gold production and AISC guidance. “Leagold is well positioned to deliver increased production and cash flow in 2019,” Woodyer stated.

Read what other experts are saying about:

Leagold Mining Corp.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Leagold. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy …read more

Trophic Cascade…

See the source image

Source: Michael J. Ballanger for Streetwise Reports 01/07/2019

Precious metals expert Michael Ballanger discusses the broad markets, Fed action and precious metals.

Unarguably, the finest piece of work that I have ever seen on the state of the global financial world—ever—is the one recently created and presented by Grant Williams of RealVisionTV entitled “Cry Wolf.” I was watching it last evening for the fifth time with my better half (who was watching it for the first time) and despite the fact that as bright and insightful as she is, I could and would not expect her to grasp concepts such as “Exter’s Inverse Pyramid” or the definition of a “trophic cascade” but when I glanced over to gauge her reaction to what might have been fairly glutinous material, to my delight she was glued to the screen as the history of her favorite form of metal unfolded in Grant’s purely brilliant display of 5,000 years of human folly, greed, and insanity.

The coup de grâce was the ending of the piece where Grant draws a phenomenal analogy between the role of the Grey Wolf in controlling the uncontested overpopulation by the deer and elk of Yellowstone National Park and the role of gold in controlling the uncontested overpopulation by the “money-changers” in global economics. The term “apex predator” is wonderfully applied to gold and the Grey Wolf in that there is no natural predator to keep wolves in check just there are no counterparties to the role and control of gold.

When you look at Exter’s Inverse Pyramid, you are looking at a ranking of all assets from the top to the bottom of the risk slope so it is of interest that in the upper half of risk we find none other than real estate, where the city of Vancouver recently reported a 40% drop in residential home sales for December on the heels of a 42.5% drop in November. Prices are down 8–10% in Vancouver and Toronto as the marginal (foreign) has finally been legislated away as depositories for expatriated Chinese capital. Even New York City has seen a 14% decline in sales with an accompanying 4% drop in prices so the world of asset inflation in the saddle of unbridled money-printing and credit creation has come to a resounding and screeching halt—or has it? After Friday’s Federal Reserve Lovefest with Janet Yellen and Jerome Powell all sending out dovish signals, perhaps the December rout has altered policy.

Back to the title of this missive, “Cry Wolf” offers the proposition that a return to the gold standard would create a “trophic cascade” of sorts in the financial world. That is to say, an ecological event in which there exists an “apex predator” at the top of the food chain whose re-introduction (as in the case of the Grey Wolf to Yellowstone) to an ecological system triggers a massive metamorphosis of that system. …read more