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  2. PSEI lags Jakarta too. JSI vs PSEI and UKX ... from Jul 31, 2018: 10yr: 5yr: 3yr: 1yr: 10d / 6,070, 6,270, 7,032 3yr: ===
  3. Last week
  4. Fresnillo Benefited From Better Than Expected Silver Grades in 2Q -- Commodity Comment Jul. 28, 2021 at 2:33 a.m. ET + Fresnillo 2Q Total Silver 14.9M Ounces, Up 18% QoQ Jul. 28, 2021 at 2:55 a.m. + Fresnillo Reaffirms 2021 Guidance as 2Q Silver Production Rose 18% Jul. 28, 2021 at 2:11 a.m. ET Fresnillo profit up on stronger prices, cost cuts Jul. 28, 2020 at 2:28 a.m. ET by Jaime Llinares Taboada
  5. FRES.L ... chart / Last: 825.8 P +2.4% Fresnillo ups gold and silver production in second quarter Vladimir Basov Wednesday July 28, 2021 11:02 (Kitco News) - Top primary silver producer and Mexico's largest gold producer Fresnillo announced today that its quarterly attributable gold production increased 8.6% over Q2 2020 to 200,163 ounces due to a higher volume of ore processed at Herradura, a higher ore grade at Saucito and increased volume of ore processed at Noche Buena. The company added that its quarterly attributable silver production (including Silverstream) increased 9.6% over Q2 2020 to 14,092 thousand ounces due to a higher ore grade at San Julián DOB, partly offset by a lower ore grade and a volume of ore processed at Saucito. The company's quarterly attributable by-product lead and zinc production increased 1.3% to 16,386 tonnes and 3.6% to 27,687 tonnes over Q2 2020 respectively primarily due to higher ore grades at both Saucito and San Julián DOB, partially offset by lower ore grades at Fresnillo. Fresnillo noted that the company remains on track to meet its 2021 full year guidance of 53.5 to 59.5 million ounces of silver (including Silverstream) and 675 to 725 thousand ounces of gold. Fresnillo is the world's largest primary silver producer and Mexico's largest gold producer. Fresnillo has seven operating mines, all of them in Mexico - Fresnillo, Saucito, Ciénega (including the San Ramón satellite mine Las Casas Rosario & Cluster Cebollitas), Herradura, Soledad-Dipolos, Noche Buena and San Julián, three development projects and six advanced exploration projects.
  6. GOLD "upside-lean" option package Barrick has moved up from my average cost level of $20.65 ==== : #, Mo. Strike: MidPt: @$21.34 +0.35, +1.67% Short : 10 Oct $23 P (1.68) : ( 1,680) Long : 10 Oct $20 C $1.93 : $ 1,930 Long : 10 Sep $20 C $1.70 : $ 1,700 ======== Net Value: $1.95 : $ 1,950 / $1.21 +61.2% Hedge U-Value $20 + $1.95 =$ 21.95 +0.74, +3.49% = $740, 2.09x Gain in underlying value vs GOLD The package should perform like a 2X underlying position as prices rise, and 1X underlying if they drop
  7. Good day for Gold stocks, despite small +0.5% Gold rise Sym. : Last : change: % chg. GLD : 169.29 +0.85, + 0.50% UGL : $59.66 +0.58, + 1.00% GDX : $34.19 +0.51, + 1.51% GOLD: $21.34 +0.35, + 1.67% NEM : $61.88 +0.56, + 0.91% Gcm.t : $4.70 +0.09, + 1.95% KL chart / $39.81 +$0.48, + 1.2% KL - Kirkland Lake Gold Reports Record Net Earnings in Q2 2021 We returned $158.6 million to shareholders during the first half of 2021 and have returned an additional $37.7 million in July through our Q2 2021 dividend payment and by repurchasing 945,000 shares through the NCIB.” RECORD NET EARNINGS AND EPS IN Q2 2021 Net earnings of $224.2M ($0.91/share), 67% increase from Q2 2020, 51% higher than Q1 2021; Adjusted EPS(1)of $246.9M ($0.92/share) in 02 2021 STRONG PRODUCTION GROWTH IN Q2 2021 379,195 oz in Q2 2021, up 15% from Q2 2020 and 25% the previous quarter; 682,042 oz in YTD 2021, 3% increase from YTD 2020 Q2 2021 UNIT COSTS BEAT FY 2021 GUIDANCE Q2 2021 op. cash costs(1) of $431/oz sold, AISC(1) of $780/oz vs FY 2021 guidance of 450 – $475/oz and $790 – $810/oz, respectively
  8. Barrick Gold secures exploration licenses in Egypt Vladimir Basov Tuesday July 27, 2021 11:35 (Kitco News) - Barrick Gold (NYSE:GOLD)(TSX:ABX) announced today that it has been awarded four exploration licenses for 19 blocks following its participation in the International Bid-Round (1)/2020 led by the Egyptian government for exploration of gold and associated minerals in the highly prospective Eastern Desert region of the country. According to the company’s statement, Eastern Desert is part of the Proterozoic Arabian Nubian Shield, which hosts the giant Sukari deposit and numerous other gold occurrences, but which has seen no recent systematic exploration. Barrick said it intends to work closely with the Egyptian Mineral Resource Authority and other participating exploration and mining companies, over the period of a year, to finalize the terms of Egypt’s exploitation license agreement which will apply to the industry.
  9. Higher costs ahead? Newmont had a solid second quarter but grouses about higher costs ahead. St. James Gold stumbled on word that it is sending crews to its grassroots gold properties in Newfoundland while getting set to drill Florin, in Yukon. Loncor Gold has raised cash for Imbo in the DRC. more...
  10. BALT INDEX Bitmex has recently launch an Index - a Basket of Cryptos
  11. Gold stocks versus TLT Bonds GDX, TLT etc... from Mid-2020: 5yr: 3yr: 1yr: 10d :: GDX: 33.68 / TLT: 149.64 = Ratio-22.51% at 7/27 Ratio GDX: 33.68 / TLT: 149.64 = Ratio-22.51% at 7/27 ==
  12. UFO's "will be exploited" by the government says Abby Martin, in an interview with Joe Rogan / Why Are UFO's Being Acknowledged Now? >
  13. Earlier
  14. btc down to $33,000 after testing $30,000 - now near half the peak i have shifted most of my remaining 5% of original btc position into bch very limited volume in bch now My own little obsession. haha. Not really recommending. But percentage up move could exceed btc... if buyers come in. At $457, bch is 72.3% below the peak near $1,650
  15. Gold Royalties is buying Ely Gold Royalties GROY.T etc ... All-data: 1yr: 6mo: 10d / Last cc Gold Royalties is buying Ely Gold Royalties GROY.T etc ... All-data: 1yr: 6mo: 10d / Last: C$4.98 vs ELY: C$1.30 (26.1%) ==
  16. EMO at $1.92 on close ($3M o'all value with wts) seems to be the main share holding up ZC now update: 0.245 Emerita. & other emphasized in a presentation two days ago Invest in Copper Presentation (Ft. Emerita Resources, Core Assets & Nobel Resources)
  17. update / top $2,089 / $194.45= r10.74 = Gold: $1,891 /178.56= r10.59, LTPZ: 88.62 =2,01x, UGL:$68.2 at 12.31.20 / Gold: $1,830 / GLD: $172 =r10.63, 5.11.21 > $1,804 / $169 = r10.67, LTPZ: $88.5 =1.91x UGL: 59.27 at 7.22.21 chart#2: LTPZ: $88.7 / UGL: 59.27 = r1.49x at 7.22.21 LTPZ : $88.7 vs, Yr.H: $90.07
  18. update / top $2,089 / $194.45= r10.74 = Gold: $1,891 /178.56= r10.59, LTPZ: 88.62 =2,01x, UGL:$68.2 at 12.31.20 / Gold: $1,830 / GLD: $172 =r10.63, 5.11.21 > $1,804 / $169 = r10.67, LTPZ: $88.5 =1.91x UGL: 59.27 at 7.22.21 chart#2: LTPZ: $88.7 / UGL: 59.27 = r1.49x at 7.22.21 LTPZ : $88.7 vs, Yr.H: $90.07
  19. Newmont posts a healthy $1.6 billion adjusted EBITDA for the quarter Rajan Dhall, July 22, 2021 07:25 (Kitco News) - Newmont (NEM:NYSE) recorded $1.6 billion in adjusted EBITDA in their latest quarterly results. In addition to this world's largest gold miner produced 1.4 million attributable ounces of gold and 303 thousand attributable gold equivalent ounces from co-products. Newmont reported gold CAS of $755 per ounce and AISC of $1,035 per ounce. Full-year results continue to be back-half weighted, in line with guidance ranges. Generated $993 million of cash from continuing operations and $578 million of Free Cash Flow (97 percent attributable to Newmont)* The producer declared a Q2 dividend of $0.55 per share, consistent with the previous quarter. The company repurchaed $149 million as part of its $1 billion buyback program. Newmont ended the quarter with $4.6 billion of consolidated cash and $7.6 billion of liquidity. The net debt to adjusted EBITDA ratio stands at 0.2x and it reduced $550 million of debt outstanding with available cash in April 2021 Looking ahead, Newmont completed the acquisition of GT Gold in May 2021, increasing its interest in the prospective Golden Triangle. The company also approved full funding for Ahafo North in July 2021, meeting Newmont’s internal hurdle rate at the base assumption of $1,200 per ounce gold price; it expects to deliver an internal rate of return of over 30 percent at current prices > more: https://www.kitco.com/news/2021-07-22/Newmont-posts-a-healthy-1-6-billion-adjusted-EBITDA-for-the-quarter.html
  20. Excellon boosts silver equivalent production in second quarter Vladimir Basov. July 21, 2021 (Kitco News) - Excellon Resources (TSX:EXN) announced today that in Q2 2021, the company produced 487,009 silver equivalent ounces, a substantial increase over 34,924 ounces produced in Q2 2020, from the Platosa mine in Durango, Mexico. However, the company said that comparative production results from a year ago (Q2 2020) were impacted by the suspension of operations in Mexico from April 2, 2020 to June 1, 2020 in response to the outbreak of COVID-19. The company's silver production in Q2 2021 was 296,013 ounces (Q2 2020 – 18,919 ounces), lead production was 1.9 million pounds (Q2 2020 – 0.1 million pounds), zinc production was 2.5 million pounds (Q2 2020 – 0.2 million pounds). "Platosa delivered a fourth consecutive quarter of production at historically high productivity rates," stated Brendan Cahill, President & CEO. "We continue to see room for improvement, with our ongoing work to improve recoveries at Miguel Auza and, additionally, a sizeable inventory of ore and concentrate at quarter-end due to mill maintenance and weather conditions in late June." Excellon is advancing a precious metals growth pipeline that includes: Platosa, Mexico's highest-grade silver mine since production commenced in 2005; Kilgore, a high-quality gold development project in Idaho with strong economics and significant growth and discovery potential; and an option on Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and no modern exploration. > https://www.kitco.com/news/2021-07-21/Excellon-boosts-silver-equivalent-production-in-second-quarter.html
  21. APEX may be back in a Buying window APX / Apex mining... 10yr: 5yr: 3yr: 2yr: 1yr: 10d / Last: P1.58 APEX vs GDXJ, GLD... update: 2yr: 1yr: 10d :: 1.58 / 44.50= 3.55% : / 168.78= 0.94% ==
  22. update: ROX: 1.38 /sugar-17.67 +0.27= 7.8%, RCI: 1.03 /sugar-17.67= 5.8%, RCI ... 3yr :
  23. Newmont declares quarterly dividend of $0.55 per share 0.55 x 4= $2.20* up from $1.75 the declared quarterly dividend of $0.55 per share is in line with the previous quarter and significantly higher compared to a dividend of $0.25 per share a year ago. Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The company’s portfolio of assets is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index. The company was founded in 1921 and has been publicly traded since 1925. > https://www.kitco.com/news/2021-07-21/Newmont-declares-quarterly-dividend-of-0-55-per-share.html NEM $2.20 / $60.36 = 3.64%. GOLG at $20.90, has a yield of less than half that, at 1.7% GOLD: $0.09 x4= 0.36 / $20.90= $1.72. (add on Return of Capital payment, of $0.14, then $0.23/qtr; $0.92 pa.) : 4.40% Next Record date for Gold is Aug.30th
  24. SMD and its investee co's are getting seriously trashed - Cash needs maybe? SMD-etc ... update / Last: 0.295
  25. Fair Value: about $21.50? The stock of Barrick Gold (NYSE:GOLD, 30-year Financials) appears to be fairly valued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher. At its current price of $21.3451 per share and the market cap of $38.1 billion, Barrick Gold stock shows every sign of being fairly valued. GF Value for Barrick Gold is shown in the chart below. ... it is important to carefully review the financial strength of a company before deciding whether to buy its stock. Looking at the cash-to-debt ratio and interest coverage is a great starting point for understanding the financial strength of a company. Barrick Gold has a cash-to-debt ratio of 1.10, which is worse than 72% of the companies in Metals & Mining industry. GuruFocus ranks the overall financial strength of Barrick Gold at 6 out of 10, which indicates that the financial strength of Barrick Gold is fair. ... Its operating margin is 38.27%, which ranks better than 90% of the companies in Metals & Mining industry. Overall, the profitability of Barrick Gold is ranked 6 out of 10, which indicates fair profitability. This is the revenue and net income of Barrick Gold over the past years: > source: https://www.gurufocus.com/news/1475636/barrick-gold-stock-gives-every-indication-of-being-fairly-valued OTHER Gold Miners: vs/ GOLD "fairly valued" at $20.83 and EV/ebitda of 6.34, PER: 15.0 NEM : Significantly Overvalued (8.79, 19.8) FNV : Fairly Valued ($147.8: 29.9, 47.3) Rgld : Fairly Valued ($116.5: 16.7, 28.3) Wpm: Fairly Valued ($43.89: 24.2, 34.4) KGC : Fairly Valued ( $ 6.19: 4.19, 5.73) KL. : U'valued -25% ($41.64: 6.24, 15.3) DPM: ??? GCM: $4.92: $4.52: $1.58: 3.49: $0.18: 3.66% $484M $61.7M $176M: 1.66 $95.M: > old data? ==== Kirkland Lake Gold reported positive production and sales information. The company produced 379,000 ounces of gold in the second quarter, 9% above consensus. Second quarter sales were 365,000 ounces, 5% above consensus. The company expects to end 2021 in the top half of 1.3-1.4-million-ounce guidance. Dundee Precious Metals reported preliminary production results for the second quarter as well, with consolidated gold output of 85,100 ounces exceeding consensus of 73,700 ounces. Gold production at Chelopech was very strong with 52,600 ounces benefiting from higher grades and improved recoveries. Performance remained solid at Ada Tepe. Dundee has produced 155,400 ounces and puts the company in good shape to aim for the higher end of the guidance range. Weaknesses
  26. Centamin's US$ quote could go a bit lower. like $1.25-1.30 CELTF ... update : 10d / Last: $1.43 / - GBP quote : CEY: 104.8P
  27. Looking Back at Q1 Results... Barrick will release its Q2 2021 results on Monday, August 9. Financial Results Q1'21 Q4'20 Q1'20 In $ Millions Revenue ($M). 2,956 3,279 2,721 Net earnings ($M). 538 685. 400 Adj. net earnings 7 507 616 285 Adj. EBITDA12. 1,800 2,106 1,466 Net cash from Operating activities 1,302 1,638 889 Free cash flow 6 763 1,092 438 Net earnings/ sh ($) 0.30 0.39 0.22 Adj. net earns./ sh. 0.29 0.35 0.16 Cap’l expenditures 424 445 364 Cash & equiv.($M) 5,672 5,188 3,327 Debt, net of cash (519) (33) 1,852 Dividend /share ($) 0.09 0.09 0.07 ==== Where will the excess Cash Flow go? + Strong free cash flow6 of $763 million in Q1 + Net cash5 improved by $0.5 billion from Q4 after advanced tax payment of $72 million in Nevada + Industry-leading cash return to shareholders in 2021 + Sustainable quarterly dividend of $0.09 per share in Q1 + $750 million return of capital approved by shareholders at AGM equating to $0.42 per share in 2021 – to be paid in three equal tranches in June, Sep., Dec. (/3= $0.047) > https://s25.q4cdn.com/322814910/files/doc_presentations/2021/05/Barrick-Q1-2021-Results-Presentation.pdf
  28. GOLD etf in HK : #2820 ... update : 10d / Last: 1,313.50 - 5.50 (/7.77 = $ 169.0) x 10.7= $1,809 Resistance seems likely at HK$1350 (/7.77 x10.7)= $1.859
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