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Golden Valley acquires 4.16 M Val-d'Or Mining shares 2019-01-22 14:44 ET - News Release Also News Release (C-VZZ) Val-d'Or Mining Corp Mr. Glenn Mullan of Golden Valley reports Golden Valley Mines Ltd. has acquired ownership of 4,166,667 common shares in the capital of Val-d'Or Mining Corp., which were issued by the issuer from its treasury at a deemed per share price of 10 cents for a total deemed value of $416,666.70 as partial consideration for a grant by Golden Valley of an option to the issuer to acquire mineral property interests in accordance with the terms of a mining option agreement between the issuer and Golden Valley, dated April 18, 2017, which increased Golden Valley's security holding percentage by approximately 7.7 per cent. Immediately before the transaction that triggered the requirement to issue this release, Golden Valley owned 9,020,776 common shares of the issuer, representing approximately 24.8 per cent of the issuer's then-issued and outstanding common shares. Immediately after the transaction that triggered the requirement to issue this release, Golden Valley owns 13,187,443 common shares of the issuer, representing approximately 32.5 per cent of the issuer's issued and outstanding common shares. Golden Valley will evaluate the investment in the issuer and may increase or decrease the investment by future acquisitions or dispositions of securities of the issuer at its discretion, as circumstances warrant. As of the date of this release, and except as otherwise disclosed in this release, Golden Valley has no immediate future intention to acquire additional securities of the issuer or dispose of securities of the issuer that it owns. In accordance with the terms of the mining option agreement between the issuer and Golden Valley, dated April 18, 2017, the issuer has agreed to issue to Golden Valley a further 12,500,001 common shares, issuable as to 25 per cent on or before each of Dec. 31, 2019, Dec. 31, 2020, and Dec. 31, 2021, should the issuer fulfill its obligations under the terms of the mining option agreement to maintain in force the option granted to it and to exercise the option.

Golden Valley Mines: Gold Explorer Trading At Substantial Discount To Working Capital Golden Valley's three option partners Bonterra Resources / BTR.v (OTCQX:BONXF) : Alexandria Minerals / AZX.v (OTCQB:ALXDF),  xx and Battery Minerals Resources... Summary Fully-diluted market cap is 40% below value of cash + marketable securities. CEO Glenn Mullan has previously made two world-class discoveries. Recent open-market buying from Osisko Gold Royalties. Drill results expected from 3 different option partners by year-end. Golden Valley Mines (OTCQB:GLVMF) (TSXV: GZZ) has been a partnership holding since April 2016 with an average cost basis of C$0.28. The company is a gold-focused prospect generator active primarily in Quebec and Ontario. CEO Glenn Mullan is the current president of the Prospectors & Developers Association of Canada (PDAC) and an esteemed prospector who originally staked what is now the world-class Canadian Malartic Mine. GZZ owns a 44.7% stake in Abitibi Royalties (OTC:ATBYF) which has been one of the top performing gold companies over the past half-decade. The company also has multiple active option deals as well as a sizable 100%-owned property portfolio. Despite these attributes, GZZ is valued at a substantial 40% discount to the value of its cash + marketable securities. In this Featured Investment piece, I begin by providing an overview of the company - with a particular emphasis on Glenn Mullan’s background, the GZZ share structure, the company’s lean overhead, the insider ownership positioning, and an overview of the company’s assets. We then dig deeper into Golden Valley’s 44.7% stake in Abitibi Royalties. Any investor looking to purchase GZZ must first get comfortable with the Abitibi story. Next, we discuss how Golden Valley shares offer significant upside on a sum of the parts basis. The share price would have to rise 74% from current levels before the company reaches a positive enterprise value. The bonus is that the company also offers exploration upside that is harder to quantify but is very real. We conclude with Golden Valley’s expected catalysts over the coming months, so readers can keep tabs on the company’s progress alongside me. Most significant is first production at the Malartic Mine's Jeffrey Zone, but upcoming drill results from Golden Valley's three option partners (Bonterra Resources (OTCQX:BONXF), Alexandria Minerals (OTCQB:ALXDF), and Battery Minerals Resources) shouldn't be overlooked. ==== THIS was interesting: "Recent open-market buying from Osisko Gold Royalties. " May 8, 2018 - @JVandamme Osisko Gold Royalties $OR has been quietly buying a 7% stake in Golden Valley Mines $GZZ. Osisko Group aiming for Abitibi ... I wonder if the ADDED yesterday, since volume jumped to 200K shares

Abitibi (RZZ.v) is on the Move! $10.68 + GZZ.v up too, on rising volume : GZZ.v and RZZ.v ... update : If GZZ breaks through $0.30, it may quickly run up to $0.36 GZZ.v ... update : GZZ vs RZZ.v/ Abitibi, AEM/ Agnico & AUY/ Yamana ... since 1/2014 : 1/2015 : 7/2015 :: =

NGD over two years : 3yr : 1yr / Last $1.12 +0.07, +6.67%

China Railway unit tapped to build $3.7B Makati city subway Targeted to open by 2025, will connect Ayala Ave, Makati to BGC (Ospital ng Makati) 700,000 passengers per day is estimated Philippine Infradev Holdings Inc. has tapped a unit of state-owned China Railway Construction Corp. (CRCC), one of the world’s largest construction and engineering companies, to build its $3.7-billion Makati subway system project. In a disclosure to the Philippine Stock Exchange yesterday, Phil.Infradev said CRCC’s wholly owned China Civil Engineering Construction Corp. (CCECC) had proposed to invest $300 million to $350 million in the local company or its subsidiary and undertake the engineering, procurement and construction works for the Makati subway project. Led by businessman Antonio Tiu, Phil.Infradev aims to construct an intracity subway spanning 11 kilometers with eight to 10 stations that will connect key points in Makati’s two districts at no cost to the city government. Under the MoA, CCECC has to provide completion performance guarantee for the Makati subway project, subject to the completion of a financial, legal and technical due diligence. > https://business.inquirer.net/264090/china-firm-tapped-to-build-3-7-b-makati-subway-system

The odds are stacked against gold juniors like never before: Abitibi Royalties CEO Valentina Ruiz Leotaud | Jul. 14, 2018, 10:46 AM | <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> Huge hurdles are stacked against gold juniors in the quest to become a mine, says Abitibi Royalties' CEO Ian Ball. Ball, who spoke to MINING.com in March at PDAC in Toronto, was former President of McEwen Mining before moving onto Abitibi Royalties four years ago. During Ball's tenure as CEO, the company's stock has increased 3.1 times in value going from $3.27 per share to $10.44. Ball sees a lot of headwinds in the industry. He does not see a significant gold price moves to the upside. Average gold grade is declining, which requires larger plants and more capital to move ore. Regulations are becoming more stringent. Productivity improvements are still lagging. "As much talk as there has been about technology, we have not seen a game-changing technology since the 80s such as heap leach or autoclave," says Ball. Autoclave is pressurized ore processing to liberate more gold from ore. "For now, to become successful in mining the odds are stacked against you like they never have been before." Ball's company, Abitibi Royalties, is focusing its efforts on one of Canada’s largest gold mines, which is located 25 kilometres west of Val d’Or in Quebec’s Abitibi region. "There have been well in excess 10-million-ounces-discoveries and they are making new discoveries every year, which is increasing the value of our royalty. You want to be in big mining camps and Malartic is one of the biggest in Canada," said Ball. Abitibi’s royalty is a 3% net smelter return royalty on the eastern portion of the mine, which is owned and operated by Agnico Eagle (TSX, NYSE:AEM) and Yamana Gold (TSX:YRI) (NYSE:AUY). The executive explained how, based on the returns of this major asset, he has switched the way investors are treated. “When I joined Abitibi I did not have the financial means to buy 20 per cent of Abitibi but I was willing to take all of my salary and invest it back into the company on the open market each week. "So for four years now, I’ve been taking all of my salary and investing it into the shares so I’m literally walking in the same footsteps as my shareholders. And two years ago, I went to the board and told them that I didn’t think we should be issuing any stock options and share units, people should be paid in cash so they can use that cash to go buy stocks in the market,” he said.

Abitibi Royalties: Royalty Production Commences From Canadian Malartic Mine VAL-D’OR, Québec, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Abitibi Royalties Inc. (RZZ-TSX-V, ATBYF-OTC-Nasdaq Intl: “Abitibi Royalties” or the “Company”) is pleased to announce that production commenced at the end of Q4-2018 in the area covered by the Company’s 3% net smelter royalty (“NSR”) at the Canadian Malartic Mine near Val-d’Or Québec (Fig. 1). Canadian Malartic is the largest gold mine in Canada and is operated by Agnico Eagle Mines Limited and Yamana Gold Inc. In 2018, the Company generated total cash flow(1) of approximately CDN$2.7 million with CDN$692,000 coming in Q4-2018, primarily from option premiums and a nominal initial contribution from royalties. The Company expects to release an updated 3-year production schedule for its royalties at the Canadian Malartic Mine in late Q1-2019 or early Q2-2019.

RZZ-etc w/ GZZ.v ... from Beg. 2016 :

MUX needs better news and some help from the Gold price. Very disappointing recently. If gold jumps above $1300, the shorts may get squeezed, something that boss McEwen would love to do

Gold linked Notes, Total Value Estimate: with Wt.B / vs.GCM / TPRFF : GCM.NT.U UNITS: Date : Gold: GCM : Ratio: G/1250 x57%+104%= Debs : Wt2.21: CAD : $USD : 124wt: Comb.: USD$: x512.8: 05/31: 1305: $3.03 : 431. : 104.4 : 59.5 +44.7= 104.2 : $1.40*x0.772 = $1.08 : 13.4% : 117.6 : $2.34: 1200 : 06/29: 1255: $2.88 : 436. : 100.4 : 57.2 +44.7= 101.9 : $1.30*x0.761 = $0.99 : 12.3% : 114.2 : $2.19: 1123 : 10/02: 1204: $2.40 : 502. : 100.0 : 57.0 +44.7= 101.7 : $1.14 x0.780 = $0.89 : 11.0% : 112.7 : $1.88: $964 : 12/31: 1281: $2.82 : 454. : 102.5 : 58.4 +44.7= 103.1 : $1.40 x0.733 = $1.02 : 12.6% : 115.7 : $2.06: 1056 : : 01/03: 1295: $3.18 : 407. : 103.6 : 59.1 +44.7= 103.7 : $1.55 x0.741 = $1.15 : 14.2% : 117.9 : $2.35: 1205 : =====: ==================================== : *est. Wt. value, x124 wts/deb Last Col.: $1000/ 1.95= 512.8shs xC%2.52= C$1,292 x0.770= $995, Value of 1% Debs if Converted GCM etc: GDXJ & MNT.t ... w/o Mux st 377d: w/MUX st: GCM.t only : 12/10/2018: c$2.81 : c$17.58 : $27.76 : st: Date-----: GCM.t : MNT.t : 12.9%L// GDXJ x10.0%H cad= GJcad: x7.7% 12/30/16: $1.40 : $16.48 : $2.13 //: $31.55 : $3.16 x1.350= 42.59: 3.28 12/29/17: $1.96 : $17.39 : $2.24 //: $34.13 : $3.41 x1.257= 42.90: 3.30 05/28/18: $3.29 : $17.71 : $2.28 //: $32.89* $3.29 x1.299= 42.72: 3.29 - High 06/30/18: $2.88 : $17.44 : $2.25 //: $32.70 : $3.27 x1.314= 42.97: 3.31 08/17/18: $2.13 : $16.35 : $2.11 //: $27.49 : $2.75 x1.306= 35.90: 2.76 - Low 10/04/18: $2.60 : $16.37 : $2.11 //: $27.83 : $2.78 x1.292= 35.59: 2.74 11/01/18: $2.51 : $16.91 : $1.92 //: $28.14 : $2.81 x1.310= 36.86: 2.84 11/14/18: $2.53 : $16.90 : $2.18 //: $26.64 : $2.66 x1.324= 35.27: 2.72 12/10/18: $2.81 : $17.58 : $2.27 //: $27.76 : $2.78 x1.340= 37.20: 2.86 12/31/18: $2.82 : $18.41 : $2.37 //: $30.22 : $3.02 x1.364= 41.22: 3.17 ======== PRODUCTION: 18,193 oz in Nov. 2018; 19,002 in Dec. === : PRODUCTION Mo.: Prod'17: Prod'18: Q1- : 39,008 : 52,672 /3= 17,557 ave. Q2- : 46,075 : 52,906 : + 14.8% H1 : 85,084 : 105,578 : + 24.1% July: 00,000 : 19,296 : Aug.: 00,000 : 18,747 : Sep : 00,000 : 19,120 : Q3- : 37.1 K : 57,163 > +54% 9mos: 122. K : 162.7k > +33% ==== Oct.: 17.33K : 18,065 : Nov: 17.33K : 18,193 : Dec. 17.33K : 19,002 (aver.18.4k oz in Q4) ================== Q4- : 52. K : 55,260 > +54% 12mo: 174. K : 218.001 > +25% vs 2017 Total Ave.M: 14.5K : 18.2K - average per month "218,001 OUNCES, UP 25% OVER 2017" Guidance for 2019: 210-225k : Mid-217.5K Cash; US$33M at YE'18, Debt @ $83.38M, end Jan.19 $1.0552 /$1.00 @ $1294.3 /$1250 8.25% x 1.0552= 8.705%

Oil Service to slow down, maybe dip? Or is the Dip done; ready to follow UK oil shs higher? OIH - Jan.2020 $20 Puts - update : $4.15 -4.30: $4.23 / OIH at $16.55 > IV: $3.45 / TV: $0.78 Two UK Oil shares ( BP & PFC & PBT ) seem to be leading XON & OIH : chart : 10d ... (+ XLE)

I am pleased, of course. Like other people in a situation like this, I wish I had bought more - haha/ So far, I have only done minor selling, but somewhere near $4.00 or so, I might let bigger chunks go GCM.t ... long chart :

Pullback in NGD continues NGD / Newgold ... update : $1.02 - 0.03

Production figures have been released for Q4 TORONTO, Jan. 15, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) reports annual consolidated production in 2018 was 135,124 gold ounces and 3,032,727 silver ounces, or 175,561 gold equivalent ounces(1)(“GEOs”). Consolidated Production Summary Q4 Full Year Full Year 2018 Guidance 2017 2018 2017 2018 Gold (oz) 48,609 29,291 109,947 135,124 128,000 Silver (oz) 926,739 819,473 3,178,742 3,032,727 3,225,000 GEOs(1) 60,965 40,217 152,329 175,561 171,000 (1) Using a 75:1 gold to silver ratio. (updating the Table): 2018's Big Gainer (GCM) is still by far the Cheapest of these three co.: ----- : GCM.t : ----- / ----- : - MUX- : ----- / ----- : -Mgeo- : ----- / ----- : - NGD - : ----- / Yr.: 2017 > 2018 : + pct. / 2017 > 2018 : + pct. / 2017 > 2018 : +pct. / 2017 > 2018 : +pct. / Q1: 39.0 > 52.7 :+00.0% / 20.0 > 35.1 :+75.5% / 29.7 > 44.3 :+49.1% / 61.0 > 96.9 :+58.9% / Q2: 46.1 > 52.9 :+00.0% / 22.2 > 37.0 :+66.6% / 32.6 > 47.3 :+45.1% / 79.0 > 109. :+37.4% / Q3: 37.1 > 57.2 :+00.0% / 19.1 > 33.8 :+77.0% / 29.0 > 43.7 :+50.7% / 29.5 > 77.5 :+163.% / Qe: 52.0 > 54.E :+00.0% / 48.6 > 22.E :- 53.3% / 61.0 > 36.E :- 41.5% / 110. > 100E :+00.0% / Yr.: 174. > 217. :+24.7% / 110. > 128. :+16.4% / 152.> 171.:+12.5% / 318* > 383. :+20.4% / Q4: 52.0 > 54.E :+00.0% / 48.6 > 29.3 :- 39.7% / 61.0 > 40.2 : - 34.1% / 110. > 100E :+00.0% / Yr.: 174. > 218. :+25.3% / 110. > 135. :+22.7% / 152.> 175.5:+15.2% / 318* > 383. :+20.4% / *cont.operations, all ops. was 146k-q4 : 422k-2018

MUX has been disappointing... with the share price under-performing peers recently MUX / McEwen Mining ... 5-yr :

Wyeth has a new name -- and some pretty fancy prices Address: 2236 Chino Roces Ave, Makati, Avida Southpoint - Preselling prices, per website Type -- : Price---- : Size (sqm): PerSqm: Rent est* : Yield* Studio : P4,776k : 23.3 sqm : 205.0 k : 1200psm : 7.02% Jr 1BR : P4,776k : 23.3 sqm : 205.0 k : 1200psm : 7.02% 1 BR--- : P7,831k : 38.2 sqm : 205.0 k : 1000psm : 5.85% Completion expected 2023 : 4-5 years? *Rent and Yield are mere estimates based on 26,000/mo. for 22sqm units (P1182psm) at Avida San Lorenzo. 1BR unit was 17% less, given lower per sqm rents for larger cuts Typical payment structures: + 10% spot + 10% over 36 mos. + 80% cash/bank loan + 10% spot { 10% over 48 mos + 80% cash/bank (2 BR only) > http://preselling.com.ph/wordpress/property/avida-towers-makati-southpoint/ > source: http://preselling.com.ph/wordpress/property/avida-towers-makati-southpoint/

Bullboard - On GCM's Production Guidance - 2018 "Beat" was about +16% 1. (wayned) I really wish they wouldn`t give these guidance numbers . They should appear only in the quarterly financials . Giving a monthly update on production is just begging for a kick in the a$$ . If you don`t increase every time or heaven forbid , miss by any amount , it`s a quick trip down . 2. (invest234) they have been conservative with their guidance and have beat guidance by a significant amount for the last few years. 2018 guidance was 182k to193k and they soundly beat it with 218k. 2019 guidance is by far their highest guidance which i find reassuring for the coming year. i am looking forward to marmato pea. at $1300 long term gold price, that should be very valuable. 3. (kkkrrr) its taking off.. what market misses is the strategical thing with Sandspring... Sandspring owns the nearby claims to segovia and want process their ore throught the Maria Dama plant (presentation Sandspring from Jan19)... and Sandspring owns this 10 million oz deposit in Guyana (Toroparu) ... a merger between GCM and Sandspring would make sense down the road... GCM would raise the resources at segovia and the combined company would have access to capital to develop Toroparu (Sandspring already has a deal with Wheaton metals for 150 million of the capex, project is under re-scoping developent for lower capex) .... GCM alredy own about 20% of Sandspring (stock+warrants) ... so a combined company would have lower country risk and 2 low-cost mines... enormous upside! GCM wanted develope marmato as a open-pit-mine ..maybe they will do this with Toroparu..AISC appr. 700$/oz 4. (Memr189) New 52.week high! Nice to see a new 52 week high today...I have been an investor in GCM since July 2016 and have witnessed this amazing turnaround with with nominal (at best) movement in the share price. Obviously this company remains significantly undervalued however regardless of where we are today, gold is going to go up significantly higher in 2020 and GCM will be much, much higher than where we are today. Patience for me is difficult but i believe in this company and I believe that gold/silver is heading for a HUGE bull market so patience is a must. Read more at http://www.stockhouse.com/companies/bullboard#6qHcSuZje7xiP9fG.99

GZZ is following RZZ higher (I added to my position recently, at 0.255) GZZ.v/ Golden Valley vs. RZZ.v/ Abitibi Royalties... update: GZZ ($0.265) / RZZ ($10.05) = Ratio: 2.64% GZZ ($0.265) / RZZ ($10.05) = Ratio: 2.64% ==

Aurora Cannabis Inc. ACB, +4.71% ACB, +4.97% said late Wednesday that it planned to raise $250 million via convertible debt. Aurora stock fell more than 6% in after-hours trading. The company said it plans to use the cash for Canadian and international expansion, as well as for acquisitions and "working capital requirements" as the businesses grows. Aurora said it will give whoever buys the debt the chance to buy an additional $37.5 million of convertible debt. The notes will be due in 2024. Aurora stock closed up 4.7% to $7.33 during the regular session as the ETFMG Alternative Harvest ETF MJ, +1.32% fell 1.9%.

OR.t / Osisko Gold Royalties Ltd ... all-data : C$11.83 -0.08 OR.DB / Osisko Gold Royalties 4% 31Dec.2022 : Conv.$22.89 @$99.00, YTM: 4.28% (model: $101.04, 2.1% U/val.) OR.db.u ... chart / Last: 99.30 · 100.00 - conv. at $22.89. which is 93.5% above recent price of $11.83 OR-etc / vs: GDX and UGLD ... update : Ratio: OR.t to-UGLD : xx - OR.t-inUSD : 2019-01-07 10:11 C:OR 12.23 News Release Osisko Gold completes $9.8-million in share buybacks 2018-12-19 17:08 C:OR 11.12 News Release Osisko Gold acquires 20 million Barkerville shares

GCM - update: 1/16/19: if it breaks the old high, next stop is $4-ish (?) Presentation to be made this weekend. GCM just announced: 2019 Guidance of : "210-225k : Mid-217.5K " ounces of Gold production And: " At this level of production, we are also comfortably meeting our obligations with respect to servicing the gold notes, with the aggregate principal amount outstanding decreasing to $83.4-million (U.S.) following the quarterly payment coming up at the end of January." " We have established a solid foundation of internally generated operating cash flow to fund our ongoing programs, including another 20,000 metres of exploration currently planned for 2019 at Segovia. The 2019 campaign will focus more on stepout drilling at El Silencio, Providencia and Sandra K along with brownfield drilling on the Cogote vein system as we increasingly shift our attention toward the blue-sky potential within our Segovia mining title " Onwards & Upwards, eh?

"218,001 OUNCES, UP 25% OVER 2017" Q3- : 37.1 K : 57,163 > +54% 9mos: 122. K : 162.7k > +33% ==== Oct.: 17.33K : 18,065 : Nov: 17.33K : 18,193 : Dec. 17.33K : 19,002 (aver.18.4k oz) ================== Q4- : 52. K : 55,260 > +54% 12mo: 174. K : 218.001 > +25% vs 2017 Total Ave.M: 14.5K : 18.2K - average per month "218,001 OUNCES, UP 25% OVER 2017" Guidance for 2019: 210-225k : Mid-217.5K Cash; US$33M at YE'18, Debt @ $83.38M, end Jan.19 $1.0552 /$1.00 @ $1294.3 /$1250 8.25% x 1.0552= 8.705% >https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aGCM-2706925&amp;symbol=GCM&amp;region=C

New Presentation . Heads up ! posted January 15, 2019 03:16 pm by flashcash New presentation, read all about it ! http://www.wallbridgemining.com/i/pdf/1_Wallbridge-January-2019-FINAL.pdf rate and reply

Landing on dark side of moon was faked? Germinates first lunar seed? Earlier this month, China made history by landing a rover on the ‘dark side of the moon’ for the first time. While China’s National Space Administration has posted several photos and videos of the landing, conspiracy theorists aren’t convinced. Now, one conspiracy theorist claims he has evidence that the moon landing was fake. Scott C. Waring, who runs UFO Sightings Daily, believes he’s spotted a ‘stage prop line’ in a photo of the Jade Rabbit rover. Scott C. Waring believes he’s spotted a ‘stage prop line’ in a photo of the Jade Rabbit rover. (Image: UFO Sightings Daily) On his site, he said: “Someone mistakenly placed a line in front of the rover and forgot to On his site, he said: “Someone mistakenly placed a line in front of the rover and forgot to erase it. “Or they should have made the line much smaller. This screams staged event all together.” Mr Waring also claims that the lack of rocks in the image is a sign that the image is fake.

Coeur Mining Reports Q4 and FY Production and Metals Sales Data BY MT Newswires — 4:45 PM ET 01/14/2019 04:45 PM EST, 01/14/2019 (MT Newswires) -- Coeur Mining (CDE) said Q4 production was 3.5 million ounces of silver, 99,460 ounces of gold, 3.1 million pounds of zinc and 1.7 million pounds of lead, or 9.8 million silver equivalent1 ounces (12.2 million ounces based on average spot prices during Q4). FY production included 12.9 million ounces of silver, 367,728 ounces of gold, 6.8 million pounds of zinc and 3.9 million pounds of lead, or 35.6 million silver equivalent ounces (43.4 million ounces based on average spot prices for the year). Metal sales for Q4 were 3.1 million ounces of silver, 87,514 ounces of gold, 2.6 million pounds of zinc and 1.4 million pounds of lead, or 8.5 million silver equivalent ounces (10.7 million ounces based on average spot prices during the quarter). Price: 4.90, Change: -0.03, Percent Change: -0.54