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drbubb

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  1. Top Gold Royalty stocks (FNV-$155, RGLD-$116) have outperformed Gold, even 2x Gold etf . update Ratio: RGLD to UGL: RGLD-$116 / UGL-$57.40 = 2.02x > 2.00 is possible mid-point
  2. Barrick GOLD. 10d: w/GDX: $20.35 at 8/13:: GDX to UGL ratio (52-60%): chart : live Gold, GDX: Jr: UGL: Apx: Cyc:  from mid-2016 : w/Kgc: 5yr: 2yr: 1yr: 6mo: 10d/ Last: US$20.56, nem: 58.84, gdx: 32.43, ugl; 54.21 > updated at 8.09 UPDATE & DATA from Below Wave 3 UP may be just Starting FXE ($110.14, 65.9%, Eur $1.179) vs. GLD ($167.18), GDX ($31.50, 18.8%). fr. Feb2021: w/JNUG: 10d/ YTD: JNUG ($60.86, 36.4%) WAVE COUNTING from the GDX/ Major Gold stock index Lows in early March, and mid-August Looks like gold and gold shares sometimes lead the cycle up, buy you need rising FXE (ie falling USD) to help maintain the cycle. In an Upcycle, like we are in now, GDX and other gold shares will typically move up faster. Right now, we also have a likely "slingshot effect" because GDX is undervalued relative to gold. (But when you look for undervaluation, you need to use a different ratio, of GDX-to-UGL, 2x Gold, because that relationship is more stable over time.) W: - Date- : - GLD : - FXE , % G : - GDX, % G , % U , UGL : JNUG : %U : x: 03.01.21: 161.53: 112.97, 69.9: $30.90, 19.1: 56.2, 55.03: 79.69, 145.% 1: 03.18.21: 162.56: 111.63, 68.7: $33.62, 20.7: 60.4, 55.63: 89.50, 161.% 2: 03.30.21: 157.57: 109.82, 69.7: $31.83, 20.2: 60.9, 52.29: 73.53, 141.% 3: 04.22.21: 167.04: 112.49, 67.3: $36.18, 21.7: 61.7, 58.63: 95.72, 163.% 4: 04.30.21: 165.56: 112.58, 68.0: $34.36, 20.8: 59.7, 57.58: 86.20, 150.% >: 06.02.21: 178.77: 114.22, 63.9: $39.54, 22.1: 59.0, 67.00: 115.0, 172.% x: 08.20.21: 166.70: 109.20, 65.5: $30.85, 18.5: 53.6, 57.59: 57.89, 101.% 1: 09.03.21: 171.06: 110.85, 64.8: $33.28, 19.5, 54.9, 60.61: 70.08, 116.% 2: 09.10.21: 167.18: 110.14, 65.9: $31.50, 18.8: 54.5, 57.82: 60.86, 105.% = 2020 = # 01.02.20: 143.95: 105.85, 73.5: $29.35, 20.4: 59.1, 49.70: 84.11, 169?? >: 03.18.20: 140.70: 103.13, 73.3: $19.68, 14.0: 42.3, 46.50: $5.08, ???.% x: 08.07.20: 190.81: 111.10, 58.2: $45.50, 23.8: 56.4, 80.61: 164.1, 203.% # 12.31.20: 178.38: 114.74, 64.3: $36.02, 20.2: 52.8, 68.20: 120.6, 177.% ========= CHART SHOWS the GDX to UGL ratio has a generally stable and interesting relationship (with some brief exceptions). Buy GDX to UGL when it is on the bottom of the range. This time signal should also help get you into individual Gold stocks at the right time
  3. Barrick Gold Valuation Too Low To Ignore Apr. 05, 2021 Barrick Gold Corporation (GOLD). AEM, AU, AULGF...77 Comments Summary Barrick's weak stock quote the last six months has opened a strong buy opportunity for intelligent investors. Valuations on free cash flow and operating income are absurdly low vs. a U.S. stock market near-record overvaluations. Negative real interest rate spreads are widening, a huge positive for gold assets going forward. I have not owned Barrick Gold (NYSE:GOLD) in many years, until last week. The main reason I have avoided shares in one of the leading gold miners in the world is other producers have looked more appealing. Alternative mining choices have been less expensive in valuation, with better growth prospects and stronger balance sheets. Well, the company has made substantial progress cutting costs and paying down debt the last two years, while the stock quote has underperformed, especially in late 2020 and early 2021. The fact Barrick also extracts around 450 million pounds of copper annually ($1.8 billion in revenues at current spot commodity pricing and 15% of total sales) is another positive argument for ownership that may not be properly discounted by Wall Street. The end result of all the moving parts is Barrick has morphed into a top "value" play in the mining sector into April. I Over the last year, I have mentioned Newmont Mining (NEM) here, Pan American Silver (PAAS) here and AngloGold Ashanti (AU) here as being my favorite majors in the gold/silver mining arena. Today, I am adding Barrick to this elite mix of names for investors. Specifically, an industry low price to free cash flow ($3.4 billion in 2020 FCF) and operating earnings setup is screaming the company should now be viewed as a "must own" in the sector. Cutting Costs and Slashing Debt The latest Q4 earnings report highlighted improving trends in cash costs, all-in-sustaining-costs (AISCs), declining debt totals ($2.2 billion in net debt reduction for 2020 alone), and relatively steady management expectations for even better numbers between 2021 and 2024. > more: https://seekingalpha.com/article/4417575-barrick-gold-valuation-too-low
  4. Franco-Nevada ups net income 86% in Q2 2021, declares dividend Franco-Nevada, the leading gold-focused royalty and streaming company, announced today that its gold equivalent ounces (GEOs) sold in Q2 2021 were 166,856, an increase of 60% from the 104,330 sold in Q2 2020. The company said that higher contributions from its largest streams as well as the additions of the Vale Royalty Debentures and Condestable stream were slightly offset by lower production from Hemlo. Also, the company noted that the impact of COVID-19 on its assets continued to be minimal this quarter, in comparison to Q2 2020, where a number of the company’s assets were impacted by suspensions of production. Revenue from Franco-Nevada’s Energy assets increased to $47.3 million in Q2 2021 compared to $14.6 million in Q2 2020. Revenues were positively impacted by higher realized prices across the portfolio compared to Q2 2020 which were historically low. Franco-Nevada said it generated adjusted EBITDA of $290.0 million in Q2 2021, an 83% increase over Q2 2020. The company’s net income was $175.3 million in Q2 2021, which is 86% more than in Q2 2020. Additionally, Franco-Nevada announced that its Board of Directors has declared a quarterly dividend of $0.30 per share... / 2 / Empress Royalty becomes revenue-generating company Kitco News | Aug 12 - Empress Royalty (TSXV:EMPR) today announced receipt of the first revenue from the Sierra Antapite gold mine in Peru, a deal executed on July 28th. > https://www.kitco.com/news/2021-08-12/Empress-Royalty-becomes-revenue-generating-company.html
  5. Fortuna Silver reports record sales and consolidated EBITDA margins above 45% in second quarter Kitco News | Aug 12 (Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today reported Q2 2021 net income of $16.2 million, adjusted net income of $21.5 million, and adjusted EBITDA of $54.9 million, compared to a net loss of $5.7 million, adjusted net loss of $5.1 ... Additionally, Fortuna noted that it had completed the business combination with Roxgold on July 2, 2021 creating a low-cost intermediate global precious metals producer with extensive brownfields and greenfields organic growth potential in the Americas and West Africa. President and CEO Jorge A. Ganoza commented, "In spite of COVID-19 related challenges at Lindero, which have led us to revise guidance for the year, our second quarter results continue to reflect the strength of our business with record sales of $120.5 million and consolidated EBITDA margins above 45%." "We look forward to the contribution of the Roxgold acquisition to our financial performance starting in Q3, with the forecasted addition of 62,000 to 66,000 gold ounces of production from the Yaramoko mine for the second half of 2021 at an AISC below $1,150 per ounce," added Ganoza.
  6. Update : cco.t: $21.54, ccj: 17.19, mga: 0.205, fcu: 0.55, lam: 0.475 Update xx
  7. Uranium & Cameco (etf: URA/ U.t, CCJ / CCO.t) Updated Mid-2021. Uranium & Oil prices rising U.t. vs CCO & OIH .. fr 2011: 5-yr: fr. 1/2020: 10-d: C$5.56 / C$24.51= r-22.7% / Urptf 4.53/OIH 229.64= 1.97% @6/25/21 : fr. 1/2020: 10-d: C$5.56 / C$24.51= r-22.7% // Urptf 4.53/OIH 229.64= 1.97% @6/25/21 == Three Fav U Stocks - suggested by Sprott's Rick Rule - July 9th, 2020 CCO.t vs The Three ... from 2017: 2018: 2019: YTD: 10d/ Last: $17.72: $0.94, $0.445, $3.61 - 12/30 YTD: 10d / Last: $14.42: $0.51, $0.29, $1.93 /YTD#2: Lam: 0.25, Mga: 0.09 / “Only 10 viable Juniors… (at least) one more round of dilution” coming === / Company —---- : Last : BkVal.: % BV : E.P.S. CCJ / Cameco in USD: 10.61: $9.18: 116.% : (0.10): The main Major CCO / Cameco Corp. : 14.42: 12.40: 116.%: 0.19 : DML / Denison Mines : $0.51: $0.34: 150.%: (0.03) “Classiest of the Juniors” FCU / Fission Uranium: $0.29: $0.66: 43.9%; (0.01) NXE / NexGen Energy : $1.93: $0.46: 420.%: (0.09)) ==== “Those three might be all you need to know” FCU to CCO Ratio: Buy near 2%? === Uranium Prices are near key resistance at $29.50-$30 ($30 /7.66 = US$3.92) -@3/15/2019 UPDATE: DBA vs- URPTF, SLV ... from 1/2010 : fr. 1/2016 : 5/4/2020: DBA: $13.68, SLV: $13.77, Urptf: $3.60 : fr. 1/2016 : Updated to 5/4/2020: DBA: $13.68, SLV: $13.77, Urptf: $3.60 Energy Prices are on the Upswing once again - chart updated to 3/15/2019 U.t vs USO/Oil, etc. update: 10d etc /U.t: $4.74 +0.01, USO: $12.20 -0.02, CCJ: $12.42 +0.20 , URA: $12.61 +0.16 Uranium-related shares compared -- as of 3/15/2019 URA -etc. update: $12.61, CCO/Cameco $16.56, PDN/Paladin $.165: LAM/Laramide $.365, FCU/Fission $.495 Sym : Price: MktCap EntVal : Ebitda : EV/eb.: Earns : PER-: Div. : Yield : BkVal : P/BV : Cco.t 16.56: $6.55b: $6.95M $617.M : r: 11.1: $0.42: 39.4 : $0.08 : 0.49%: 12.62: 131% : Nxe.t $2.27: $790M: $828M: (24.6M): r: N/a : (0.05): 00.0 : N/a— : 0.00%: $0.47: 482% : pdn.t $.165: $289M: $336.M (47.7M): r: 00.0 : $0.24: 00.0 : N/a— : N/a— : $0.12: 132% : UEC : $1.41: $253M: $250M: (14.4M) (r: 17.4): (0.09) 00.0 : N/a-- : N/a— : $0.46: 306% : Fcu.t: .495 : $241.M $219.M (5.37M) (r: 40.1): (0.04) 00.0 : N/a— : N/a— : $0.67: 74% : Lam.t .365 : $49.4M $56.8M (1.82M) (r: 31.3): (0.01) 00.0 : N/a— : N/a— : $0.54: 68% : Mga.t 0.10 : $32.6M $28.2M (2.65M) (r: 10.7): (0.03) 00.0 : N/a— : N/a— : $0.18: 55% : Other Gold : 13.01: $22.7b : $29.4B: $3.06b: r:9.60 : (1.32): N/a- : $0.16 : 1.22%: $6.50: 200%: NEM : 33.15: $17.7b : $20.2B: $2.74b: r:7.36 : $0.64: 51.8 : $0.56 : 1.68%: 19.70 : 168%: Goro : $3.96: $243M: $239M: $33.2M r: 7.18 : $0.16: 24.8 : $0.02 : 0.51% $2.16 : 183%: URA Components: https://www.globalxfunds.com/funds/ura/ OPINION: The Uranium Miner Sector (URA) Has Bottomed - David Erfle Jan 13 CCO -etc. CHART UPDATED TO 3/15/2019 Uranium vs. URA and Comeco/ CCO.t ... weekly : daily w/uso : 10d / Uranium Price : charts updated to 10/13/2017 URA / Global X Uranium ETF ... All-data : 5-years : 2-yrs : 6-mos / 10-d : vs-CCO.t : CCO.t ; Uranium participation / U.t ... all-data : : 5-yrs : 2-yrs : 6-mos / 10-d LONG TERM charts : w/o added Lines : From 1987 - 2013 ... with U.t added on To 2000 - 2013 PRICE UPDATE / 12-year low of US$18.00 per pound U3O8 in November 2016 / CHART : https://www.cameco.com/invest/markets/uranium-price UX Consulting CO. $20.30 US$/lb October 09, 2017 TradeTech $20.70 US$/lb October 06, 2017 Prices are published by independent market consultants Ux Consulting and ... The ETF to follow in the space is the URA, which holds over twenty Uranium miners with Cameco being the largest holding and sector leader. It is basically what the GDX and GDXJ are to the precious metal miner sector all in one ETF. The ETF began trading at the peak of the last Uranium boom and reached an all-time split-adjusted high less than four months later at over $134 per share. If you thought the precious metal miner bear was bad, during the last six years, URA lost over 90% including two roll-backs! A 1 for 3 reverse split in May of 2013, as well as a 1 for 2 roll-back in November of 2015. This magnifies the potential of buying a basket of U308 miners here with only a small portion of your miner portfolio if the sector has indeed bottomed. I believe the quality miners are still trading at perpetual warrant prices and should be held for long term gains. Uranium is a vital commodity as we head into a rush towards a clean energy revolution. The URA reached the $17 area on Jan. 12 and has had a 50% move off a double bottom reached at the end of October last year. However, I believe we could possibly see the $30 level before beginning a long-term consolidation so weakness should be bought here. A back-test of the break-out of an 18 month base around the $15 level could happen quickly, so be ready to enter the sector if this area is indeed tested. The GDX had a 179% move in six months off the major bottom reached last January, so this move in the Uranium miners has a chance to be equally explosive. The precious metal miner bear lasted just four years and lost 85%. A comparable move in the URA would take the ETF to the $30 level by May before we see a meaningful correction and consolidation! TOP Producing uranium co's 1. Cameco (TSX:CCO,NYSE:CCJ) 2016 uranium production: 27 million pounds (13,500 MT) Cameco accounts for approximately 17 percent of global uranium production, and has mines in three countries. In the US it owns the Smith Ranch-Highland operation in Wyoming’s Powder River Basin, as well as the Crow Butte operation in Nebraska. The company’s notable Canadian operations include Cigar Lake and McArthur River/Key Lake, where it holds partial ownership. Additionally, Cameco has a 60-percent stake in a mine in Kazakhstan. In 2016, Cameco produced slightly less uranium than it did the previous year. Commenting on the company’s performance, President and CEO Tim Gitzel said, “[t]he past year proved to be another difficult period for the uranium market. However, despite the uranium spot price hitting a 12-year low, the performance of our core business — uranium — was solid, and in line with our outlook.” So far in 2017, the company has hit at least one snag. In February, Tokyo Electric Power Company Holdings terminated its uranium supply contract with the company, citing force majeure circumstances. Cameco has rejected the termination, and has said it will enforce its rights to recover losses. Terminating the contract could cost the company $1.3 billion in revenue for uranium deliveries through 2028. 2. AREVA (EPA:AREVA) 2016 uranium production: 24.7 million pounds (11,186 MT) AREVA produces about 15 percent of the world’s uranium at mines in Canada, Kazakhstan and Niger. Unlike Cameco, the company saw a slight increase in uranium production from 2015 to 2016. Notably, AREVA has a 51-percent stake in the KATCO joint venture. Kazatomprom holds the other 49-percent stake, and the companies are operating the Kazakhstan-based Muyunkum and Tortkuduk mines; together they reportedly cover the world’s largest in-situ recovery uranium mining site in the world. In April 2017, AREVA and Kazatomprom signed an agreement to further strengthen and develop the KATCO partnership. 3. Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) 2016 uranium production: 6.3 million pounds (3,171 MT) Rio Tinto produced more uranium in 2016 than it did in 2015, and plans to continue increasing production. In its 2016 report, the company says it plans to produce between 6.5 and 7.5 million pounds of uranium in 2017. The company’s uranium output comes partially through the 68.4-percent stake it holds in Energy Resources of Australia (ASX:ERA), which holds the Ranger mine, Australia’s longest continually operating producer of uranium. Rio Tinto also has a stake in Rossing Uranium, which runs the Rossing mine in Namibia; Rossing is one of the world’s largest and longest-running open-pit uranium mines. 4. Paladin Energy (TSX:PDN) 2016 uranium production: 4.9 million pounds (2,460.5 MT) of U3O8 Paladin Energy’s flagship operation is the Langer Heinrich mine in Namibia, though it also holds the Kayelekera mine in Malawi. The former is currently producing, but the latter is on care and maintenance. While Paladin was a significant uranium-producing company last year, in 2017 it has struggled. Early in the year it proposed a balance sheet restructuring in order to reduce its debt obligations and and extend the maturity of its remaining debt. Since then, CNNC Overseas Uranium Holdings, which bought a 25-percent stake in Langer Heinrich last year, has attempted to exercise an option to acquire the rest of the mine. Paladin has said it plans to enter arbitration with CNNC. Uranium Price Forecasts 2017 and Top Uranium Stocks to Watch 5. BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) 2016 uranium production: 4.4 million pounds (2,460.5 MT) of payable uranium in concentrate BHP Billiton’s Olympic Dam mine in Australia is one of the largest ore bodies in the world. In addition to uranium, it also holds copper, gold and silver. According to the company, Olympic Dam has a fully integrated processing facility. Midway through 2016, the company announced plans for a low-key expansion of the mine over the course of five years. Other uranium-producing companies Wondering which other companies produced uranium last year? Companies that produced smaller amounts include Energy Fuels (TSX:EFR,NYSEMKT:UUUU), which put out 1 million pounds (460.4 MT) of U3O8, and Ur-Energy (TSX:URE,NYSEMKT:URG), whose 2016 U3O8 output came in at 538,004 pounds (244 MT). It’s also worth noting that Energy Resources of Australia produced 5.2 million pounds (2,351 MT) of uranium oxide last year. As mentioned, the company holds the Ranger mine in Australia. While mining stopped at Ranger in 2012, the company is currently still producing uranium oxide from stockpiled ore. In 2017 it is forecast to produce about the same amount it put out in 2016. Kazatomprom and Uranium One are also major uranium-producing companies, but are not included on this list because they are privately owned. LINKS > NEWS headlines : > http://www.u3o8.biz/s/Home.asp > Cameco/CCO - Presentations, 2017: Q2,
  8. OSISKO Group history ODV, Osisko Development is putting two mines into production now, and is on the path to becoming an intermediate producer > ODV Presentation Market Cap : Shs. OS : MktCap : Prod.Range: Mid.: MCp/oz OR : $15.32 x 168.1M= $2575M: ODV: $ 5.75 x 190.8M= $1097M : 000k-000k : 275k : $3,989 GCM: $ 4.60 x 98.49M= $ 453M : 200k-350k : 275k : $1,647 ==== ODV vs. OR,etc... update: 10d / odv: $5.75, / or: $15.32 = 37.5%, gdxj: $42.68, and odv is 13.5% x
  9. GCM... Still waiting for the bottom of this 7-8 month correction. Last: C$4.65, Yield: 3.87% $4.65 is a 42.5% drop from 12mo H of $8.40. And a 40.8% drop from the prior High of $7.86 Financing of the Second mine is now in place... Gran Colombia closes $300M (U.S.) note offering 2021-08-09 : GRAN COLOMBIA ANNOUNCES CLOSING OF OFFERING OF US$300 MILLION 6.875% SENIOR UNSECURED NOTES; ...With the net proceeds of this offering, we will be fully financed to develop our Toroparu gold/copper project in Guyana and we will not need to go to market with any dilutive equity financings to carry out our strategy.
  10. GCM... Still waiting for the bottom of this 7-8 month correction. Last: C$4.65, Yield: 3.87% $4.65 is a 42.5% drop from 12mo H of $8.40. And a 40.8% drop from the prior High of $7.86 Financing of the Second mine is now in place... Gran Colombia closes $300M (U.S.) note offering done on Aug. 9th 2021-08-09 : GRAN COLOMBIA ANNOUNCES CLOSING OF OFFERING OF US$300 MILLION 6.875% SENIOR UNSECURED NOTES; ...With the net proceeds of this offering, we will be fully financed to develop our Toroparu gold/copper project in Guyana and we will not need to go to market with any dilutive equity financings to carry out our strategy.
  11. WM.t is GROWING AGAIN "The company expects higher drilling productivity during the second half of the year as the resource focused directional drilling gives way to resource expansion drilling and regional exploration..." Wallbridge is moving again... even in a weak market. Moreover, it has announced it will reveal the size of its maiden Deposit next month... and Now it is turning its drills back to EXPANDING the deposit. This plan is helping the stock price. WM.t / Wallbridge's Gold resource is set to grow again - Stock is out performing GDXJ: last: 0.65 / Gdxj: 33.00 = xx% vs. GDXJ: VIDEO : Wallbridge Mining (WM) - Settling into a Multi-Million Ounces Rhythm === Wallbridge drills 27 m of 3.75 g/t Au at Fenelon 2021-08-05 10:28 ET - Mr. Marz Kord reports WALLBRIDGE PROVIDES UPDATE ON FENELON RESOURCE DRILLING Wallbridge Mining Company Ltd. has almost completed its resource definition drill program for the upcoming maiden mineral resource estimate on the Fenelon gold property. Drilling has been focusing on multiple areas, within the approximately one-kilometre-by-1.2-kilometre central portion of the Fenelon gold system, to better define the gold mineralization in support of the MMRE. Approximately 260,000 metres drilled by the company at Fenelon within the three years since the commencement of systematic, continuous exploration drilling will be incorporated into the MMRE. With the drill program for the MMRE now substantially complete, drill rigs are being transitioned to focus on resource expansion and exploration drilling at Fenelon as well as regional exploration on the company's other projects along the Detour-Fenelon gold trend (see Wallbridge news release dated July 22, 2021, on the commencement of phase I drill program at the Martiniere project). "As we near the completion of the resource drill program in support of our maiden mineral resource estimate at Fenelon, we are excited to turn our attention again to more widely spaced exploration drilling to continue outlining the ultimate size potential of the Fenelon gold system and to discover additional gold deposits on our underexplored Detour-Fenelon land package," stated Marz Kord, president and chief executive officer of Wallbridge. "We are excited to reach this important milestone and to move forward with our MMRE," stated Attila Pentek, vice-president, exploration, of Wallbridge. "The MMRE will provide an initial snapshot of the true potential of the Fenelon gold system, the limits of which we have not yet defined." > more: https://www.stockwatch.com/News/Item/Z-C!WM-3120859/C/WM
  12. WM.t 's Deposit is GROWING AGAIN "The company expects higher drilling productivity during the second half of the year as the resource focused directional drilling gives way to resource expansion drilling and regional exploration..." Wallbridge is moving again... even in a weak market. Moreover, it has announced it will reveal the size of its maiden Deposit next month... and Now it is turning its drills back to EXPANDING the deposit. This plan is helping the stock price. WM.t / Wallbridge's Gold resource is set to grow again - Stock is out performing GDXJ: last: 0.65 / Gdxj: 33.00 = xx% vs. GDXJ: VIDEO : Wallbridge Mining (WM) - Settling into a Multi-Million Ounces Rhythm ===
  13. GROWING AGAIN Wallbridge is moving again... even in a weak market. Moreover, it has announced it will reveal the size of its maiden Deposit next month... and Now it is turning its drills back to EXPANDING the deposit. This plan is helping the stock price. WM.t / Wallbridge's Gold resource is set to grow again - Stock is out performing GDXJ: last: 0.65 / Gdxj: 33.00 = xx% vs. GDXJ: VIDEO : Wallbridge Mining (WM) - Settling into a Multi-Million Ounces Rhythm === Wallbridge drills 27 m of 3.75 g/t Au at Fenelon 2021-08-05 10:28 ET - Mr. Marz Kord reports WALLBRIDGE PROVIDES UPDATE ON FENELON RESOURCE DRILLING Wallbridge Mining Company Ltd. has almost completed its resource definition drill program for the upcoming maiden mineral resource estimate on the Fenelon gold property. Drilling has been focusing on multiple areas, within the approximately one-kilometre-by-1.2-kilometre central portion of the Fenelon gold system, to better define the gold mineralization in support of the MMRE. Approximately 260,000 metres drilled by the company at Fenelon within the three years since the commencement of systematic, continuous exploration drilling will be incorporated into the MMRE. With the drill program for the MMRE now substantially complete, drill rigs are being transitioned to focus on resource expansion and exploration drilling at Fenelon as well as regional exploration on the company's other projects along the Detour-Fenelon gold trend (see Wallbridge news release dated July 22, 2021, on the commencement of phase I drill program at the Martiniere project). "As we near the completion of the resource drill program in support of our maiden mineral resource estimate at Fenelon, we are excited to turn our attention again to more widely spaced exploration drilling to continue outlining the ultimate size potential of the Fenelon gold system and to discover additional gold deposits on our underexplored Detour-Fenelon land package," stated Marz Kord, president and chief executive officer of Wallbridge. "We are excited to reach this important milestone and to move forward with our MMRE," stated Attila Pentek, vice-president, exploration, of Wallbridge. "The MMRE will provide an initial snapshot of the true potential of the Fenelon gold system, the limits of which we have not yet defined." > more: https://www.stockwatch.com/News/Item/Z-C!WM-3120859/C/WM
  14. Wallbridge (WM.t) and its growing Fenelon Mine WM.t ... All-data : 5-yr-W : 4-yr-D : 1-yr : 6-mos : 10d - Last: C$0.10 x 227mn shs = C$22.7mn Mkt.cap / in edit: Wallbridge Mining (WM.t) - now Ready to Roll? WM.t ... 10-yrW : 5-yr : 2-yr : 6-mo : 10-d -- last: C$0.095 // Market Depth : A confirmed breakout above C$.10, could soon bring $0.15 and higher About Wallbridge Mining Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability. Wallbridge is currently preparing to develop its 100%-owned high-grade gold Fenelon Mine project in Quebec with a production decision targeted for Q2 2017. Wallbridge is also in discussions regarding several other advanced stage projects which could become the Company's next mines. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and efficiently mining the Broken Hammer deposit in Sudbury, which was completed in October 2015. Wallbridge is also continuing active partner-funded exploration on its large portfolio of nickel, copper, and PGM projects in Sudbury, Ontario. Currently, Wallbridge is completing a 20,000 metre fully partner-funded drilling program on its high-grade Parkin nickel-copper-PGM project. Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia through its 13% ownership of Carube Copper Corp. ("Carube Copper") (CUC:TSX-V, formerly Miocene Resources Limited). > stockhouse-WM : http://www.stockhouse.com/companies/quote?symbol=t.wm : bullboard :
  15. Gran Colombia closes $300M (U.S.) note offering 2021-08-09 13:00 ET - News Release Mr. Serafino Iacono reports GRAN COLOMBIA ANNOUNCES CLOSING OF OFFERING OF US$300 MILLION 6.875% SENIOR UNSECURED NOTES; GIVES NOTICE OF EARLY OPTIONAL REDEMPTION OF 8.25% SENIOR SECURED GOLD-LINKED NOTES DUE 2024 Gran Colombia Gold Corp. has completed its previously announced offering of $300-million (U.S.) in 6.875 per cent senior unsecured notes due 2026. Serafino Iacono, executive chairman of Gran Colombia, commented: "We are delighted with the overwhelming success of this offering, one which attracted high-quality institutional and retail investors who recognized our focus on a strong credit profile and growth through diversification. With the net proceeds of this offering, we will be fully financed to develop our Toroparu gold/copper project in Guyana and we will not need to go to market with any dilutive equity financings to carry out our strategy. We are nearing completion of our updated preliminary economic assessment for the Toroparu project incorporating the recently announced high-grade results from the 2020 to 2021 drilling program. We are very excited to begin this next chapter, creating value for our stakeholders through our diversified growth platform centered on two cornerstone assets, our Segovia operations in Colombia and our Toroparu project in Guyana." Early optional redemption of 8.25 per cent senior secured gold-linked notes due 2024 Currently, the aggregate principal amount of gold notes issued and outstanding is $18,006,250 (U.S.). Pursuant to the gold notes indenture, the company will complete an early optional redemption on Sept. 9, 2021, of the full remaining aggregate principal amount of its gold notes outstanding. In accordance with the gold notes indenture, the early redemption price will be 104.13 per cent of the aggregate principal amount of the gold notes being redeemed plus accrued interest. Following the early optional redemption, the gold notes will be delisted from the Toronto Stock Exchange
  16. Barrick on target to meet 2021 guidance, reports Q2 beat on higher gold price Kitco News | Aug 9 (Kitco News) - Higher gold prices helped the world's second-largest producer beat earning expectations as production fell in the second quarter. / 2 / Barrick CEO: Gold’s real rally hasn't even come yet; Mark Bristow on Q2 results, forward guidance Mark Bristow, CEO of Barrick Gold, discusses with David Lin, anchor for Kitco News, why our current environment may be similar to that of 2008's, when gold initially lagged and then spiked three years later. "I always take people back to 2008, 2009, the Global Financial Crisis, all those troubles. The market didn't really react to that because it was desperate to see us come out of it before we really appreciate the damage that it had made. It was only 2011 when we saw everyone react to the damage, and of course the gold price went up and it stayed up until past 2013," Bristow said. "I think we're finding the same thing now." Monday, Barrick Gold released second quarter financial results and reported revenues of $2.89 billion in the second quarter of 2021, down from $3.055 billion in the same period a year ago. Of the $2.89 billion in total sales in Q2, $2.5 billion was gold sales, while $234 million was copper, or roughly 10% of sales. Bristow said that the company plans to expand copper production to about 20% of the business to meet the demands of the electrification of the economy and as gold deposits get bigger in scale.
  17. Larry Elder @larryelder I’m a business owner, talk show host, author, and a son of California. I won't continue to watch Gavin Newsom destroy our state. That's why I am running for Governor of California in the recall election on September 14. Help me save this great state. Larry Elder Raises Over $4 Million Dollars Since Joining Race For Governor Of California
  18. America is up against some intense Brainwashing... Teen Vogue Urges Gen Z to Mobilize, Build ‘Socialist Future’
  19. BY AUGUST, the Popularity of Both sides of the Dem Ticket is Sliding Dumping on Dimdem: is the Honeymoon over? Cracks appearing in ‘gushing’ media coverage of Joe Biden > "CNN is trying to get some lost viewers back" KamaLa Crisis: Dems In Panic Over Kamala Harris' MISSTEPS, Scramble To Course Correct EMBARRASSING Performance >
  20. David Hunter@DaveHcontrarian Aug 1 Gold & silver remain poised for big upside in the coming mos.Both metals bottomed in March & have spent the past 4 mos backing & filling,further discouraging frustrated investors.They're now ready to emerge from this consolidation & make a big run. Gold to $2500 & silver to $50.
  21. GBS.L / Gold etf ... update / Last; GBS- $167.77 London Gold etf = $1,800 Are we in a Blue Box (peaking formation), or a Green Box (continuation)? current action looks like both. Probably GREEN, because we are not so far from an important Low
  22. GBS.L / Gold etf ... update / Last; GBS- $167.77 London Gold etf = $1,800 Are we in a Blue Box (peaking formation), or a Green Box (continuation)? current action looks like both. Probably GREEN, because we are not so far from an important Low
  23. GBS.L / Gold etf ... update / Last; GBS- $167.77 London Gold etf = $1,800 Are we in a Blue Box (peaking formation), or a Green Box (continuation)? current action looks like both. Probably GREEN, because we are not so far from an important Low
  24. TML shares were spun-off in mid-July TML ... update / LAST: 0.85 === First Mining Gold Corp Symbol FF Shares Issued 697,817,158 Close 2021-07-15 C$ 0.41 First Mining distribution of Treasury Metals securities X 3.33% 2021-07-15 13:43 ET - Dividend Declared Further to its bulletin dated July 9, 2021, the Toronto Stock Exchange reports that First Mining Gold Corp. has completed the distribution of common shares and common share purchase warrants of Treasury Metals Inc. According to the TSX, the company has confirmed the final ratios, such that for each common share of First Mining held by a shareholder of record at the close on July 14, 2021, the shareholder will receive 0.0333635707856306 of a share and 0.0166817846778816 of a warrant of Treasury Metals.
  25. McEwen Mining reduces net debt in Q2 on strong production and higher gold price Kitco News | 11:25AM (Kitco News) - In Q2 2021, the company reported a net loss of $6.0 million (or $0.01 per share), a significant improvement compared to a loss of $19.8 million (or $0.05 per share) in the quarter ended June 30, 2020.
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