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EQX / Equinox Gold ... update / Last: US$6.02 > $C7.62 is xx% below C$10 Target / 1.28= US$ xx

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4yr:

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" ... Guidance at all assets was generally weaker than we had forecast, we note in particular Los Filos, where production guidance is 15% below our estimate, cash cost guidance is 16% above our estimate, and AISC guidance is 19% above our forecast. In addition, we note that EQX plans to spend $62 million on "growth capex" at Los Filos this year despite delaying the planned CIL plant for at least two years.

2022 guidance highlights:

Consolidated Au production of 625-710koz vs. our estimate of 731koz
Consolidated cash cost guidance of $1,080-$1,140/oz vs. our estimate of $1,074/oz Consolidated AISC of $1,330-$1,415/oz vs. our estimate of $1,301/oz
Total capex of $681 million vs. our estimate of $553 million.

Balance sheet implications: Based on our estimates, EQX will require external funding of $494 million through Q2 2024. The company has $114 million available on its revolver (as of Sept 30, 2021), and the stakes in SLS and IAU are together worth ~$360 million. In addition, the possibility exists to add a project finance facility to Greenstone or more debt to the balance sheet, but we would be concerned about EQX stretching its balance sheet too far

( Canaccord )

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EQX News

Date ET Symbol Type Headline
2022-02-24 22:49 U:EQX News Release Equinox Gold Reports Strong Operating Cash Flow of $321 Million in 2021, Achieves 26% Production Growth with 602,668 Ounces of Gold Sold
2022-02-22 12:28 U:EQX News Release Equinox Gold to Announce Fourth Quarter and Fiscal 2021 Financial Results on February 24, 2022

==

2021 HIGHLIGHTS

Operational

  • Realized 26% production growth compared to 2020
  • Achieved 2021 guidance with total production of 602,110 ounces ("oz") of gold
  • Sold 602,668 ounces of gold at an average realized gold price of $1,791 per oz
  • Total cash costs of $1,087 per oz and all-in sustaining costs ("AISC") of $1,350 per oz(1)
  • Produced the Company's millionth ounce of gold and realized over $1 billion in revenue
  • Achieved a total recordable injury frequency rate(2) of 3.05, 17% better than 2020, with 13 lost-time injuries
  • Achieved a significant environmental incident frequency rate(2) of 0.68, 60% better than 2020
  • Continued proactive COVID-19 health and safety protocols with no production days lost due to COVID-19; supported community health with donations of supplies and support for education, medical staffing and vaccination programs

Earnings

  • Earnings from mine operations of $230.6 million
  • Net income of $556.8 million or $1.95 per share
    • Includes $85.8 million unrealized gain on change in fair value of warrants, $58.1 million unrealized gain on change in fair value of gold contracts, $186.1 million gain on reclassification of investment in Solaris Resources Inc. ("Solaris") from fair value to cost accounting, $50.3 million gain on sale of partial interest in Solaris, $45.4 million gain on sale of Pilar Mine and $81.4 million gain on acquisition of Premier Gold
  • Adjusted net income(1) of $73.8 million or $0.26 per share
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TML / Treasury Metals ... All: 10-yr : 5yr / Last: 0.74 / YrL: xx - YrH: xx

From Below:  NPV = $328 Million @ $1600 /oz., / 137.9 M shs = $2.38 , 0.75 is= 31.5%

Gold to be produced1.1 Million oz., years 1-9 ave.: 102k oz.... MktCap @0.75: $103m / 1.1M oz= $94 per oz.

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All:

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Ratio TML to GDXJ ($40.00) = 1.63%

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===

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From Above: 

NPV = $328 Million @ $1600 /oz., / 137.9 M shs = $2.38 , 0.75 is= 31.5%

Gold to be produced1.1 Million oz., years 1-9 ave.: 102k oz.... MktCap @0.75: $103m / 1.1M oz= $94 per oz.

Next Steps
Complete 60,000 metres of drilling by end of Q4 2021 to facilitate updated resource in Q1 2022

Treasury Metals Announces New Discoveries

New gold discovery at Ocelot target, as well as positive gold results from Fold Nose and Far East.   Highlights: Far East hole TL21-568 with 6.95 g/t Au over 1.0 metre from 86.0 to 87...read more
 2/
The lengths are insignificant, but these discoveries have the merit of confirming the probability of new discoveries! There are still results to come from the drillings carried out in 2021.  rate and reply

RE:US$20 Million Royalty Financing to Fund Goliath Gold Complex

It seems positive, if Sprott commits it is that they believe in it. TML will thus have funding of 41.9M and it is a security in this period of rising costs! The limit of 1.5 million ounces of gold...read more

US$20 Million Royalty Financing to Fund Goliath Gold Complex

Highlights: US$20 million financing through the sale of a royalty to an affiliate of Sprott Resource Streaming and Royalty Corp ("SRSR") expected to fund the completion of economic...read more
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EQX / Equinox ... update / Last:  $7.66 +0.58, +8.2%

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This Option Combination trade from a few days ago when EQX was at about $6 has gone well   

I entered a BULLISH OPTIONS COMBINATION on EQX  for approx ZERO COST.
1.
Bot  Apr. $5c - Sell Jul.$7.50p - for 0.60 Credit x30 contracts
( Notional: 1.20, Notional 1.80 , with EQX near $6.05 )
2.
Bot  Apr. $5c - Sell Jul.$7.50p - for 0.70 Credit x30 contracts

(When I got the $60 x30= $1800 + $2100 = $3900 credit total)
then:
3.
Buy Apr. $5c x at $1.20 x 30 contract = ($3600 debit)

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EQX ... 3yr: 1yr: 6mo: 10d / Last: $8.27 + 0.01

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Equinox Gold pours first gold at its Santa Luz mine in Brazil

Kitco News |

(Kitco News) - Equinox Gold said today that the company has poured first gold from the resin and elution circuit at its new Santa Luz Mine in Brazil.

The company said that Santa Luz construction has been completed on time and on budget, with no lost-time injuries. Commissioning commenced in February 2022 and the mine is expected to ramp up to commercial production over the next few months.

When operating at capacity, Santa Luz is expected to produce approximately 100,000 ounces of gold annually. During 2022, with a partial year of production, Santa Luz is expected to produce 70,000 to 90,000 ounces of gold, the company noted.

Equinox Gold added that the mine has expansion potential from underground development opportunities and several exploration targets within the greenstone belt that extends between Santa Luz and Fazenda Mine.

CEO Christian Milau commented, “Santa Luz is the second project Equinox Gold has built in Brazil and our third since starting the company. With Santa Luz ramping up to full production, we are focused on constructing our Greenstone project in Ontario, Canada, with first gold pour targeted for the first half of 2024.”

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IAG vs. TPRff ... : 2021 : i.vs.g: $1.84 : $2.54 : r 72.4% prev. 68.3% .. NOV.22

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OLD: to Apr.22:  (pr.$3.75 / $5.49) : prev. 68.3%

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IAG, etc, from 2/2020 2021 : USD=  : $2.96 : $4.33 : r 68.4%

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=====  IAG vs GCM.t : GOLD :
CAD=  : $3.75 : $5.49: $28.94 :
Price   : $2.96 : $4.33: $22.73 :
ShsOS: 477.M: 97.7M : 1.78 B:
MktCp: 1.41 B: 423.M : 40.5 B:
Prod.  : 600.0 :  200.0 :  4,400 :
$ / Oz : 2,353 : 2,115 : 9,205.:
Cash. : 553.M:  324.M: 5.19 B.:
Debt. :  464.M:  314.M: 5.15 B.:
EntVal:  1.32 B: 413.M: 40.4 B.:
$ / Oz : 2,200 : 2,115 : 9,182.:
E.P.S. :  $0.06 :  $0.87 :  $1.10 :
Earns : 27.1M : 71.6M:  2.07 B:
NcfOp: 293.M : 80.6M:  4.38 B:
Cf/oz. : $0.49 :  $0.73 :  $1.00 :
AISC.: $1,426 : $1,200 : $1,080 :
M&I rs: 14.0M:  10.0M : 160.M :
EV /rs: $ 115 :  $ 41.3 : $ 253 :

 

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EQX / Equinox ... update - to 5.6.2022 : $4.80
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Equinox Gold reports net loss in Q1, says on track to meet 2022 guidance

Kitco News |

(Kitco News) - Equinox Gold (TSX: EQX) yesterday reported that the company produced 117,452 oz of gold during the quarter, down 9% compared to 129,233 oz produced in Q1 2021.

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GOLD MINING development shares may have started a bounceback

But there is a looong road back

FF-etc/ First Mining. update: $0.21 YrH ($0.35) -40%; Gdxj: $34.59 (51.92) -33%

TLG: $0.46 (0.93) -51%, LGD: $0.405 (1.30) -69%, FSM: $3.47 (5.52) -37%

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WM-etc. Wallbridge, update: $0.23 YrH ($0.515) -55%; Gdxj: $34.59 (51.92) -33%

SMD: $0.31 (0.425) -27%, GSVR: $0.465 (0.72) -35%, MCI: $0.06 (0.20), EMR $0.28

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O-Tlg :

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TLG Bottom in place?   "phenomenal results" from latest drilling

TLG : 210.5 M sh. x $0.52= $110M

TLG / Troilus Gold ... from 2016: Ytd: 10d / $0.52 +0.06. 2022 range (0.335 to 0.93)

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2016: Ytd: 10d / $0.52

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=== NEWS ===

2022-11-08 08:37 C:TLG 0.40 News Release Troilus Gold drills 138 m of 1.75 g/t AuEq at Troilus
2022-11-02 11:52 C:TLG 0.37 News Release Troilus Gold samples up to 32.2 g/t Au at Troilus
2022-10-27 20:14 C:TLG 0.385 SEDAR Annual Information Form SEDAR Annual Information Form
2022-10-27 20:14 C:TLG 0.385 SEDAR Audited Annual Financial Statements SEDAR Audited Annual Financial Statements
2022-10-27 20:14 C:TLG 0.385 SEDAR MD & A SEDAR MD & A
2022-10-17 08:36 C:TLG 0.365 News Release Troilus Gold drills 46 m of 4.38 g/t AuEq at Troilus

===========

BOXERS
a :  46m x 4.38g = 201 Boxer.
b : 138m x 1.75g = 242 Boxer
======
Troilus Gold Corp. has released positive results from the Z87 zone at its Troilus project in north-central, Quebec, Canada. The results are part of a recently completed, 11,000-metre drill program designed to expand mineralization to the north and south of the Z87 pit, the largest of the two formerly mined open pits, which continues to show the most continuous and highest-grade resources at Troilus.

Justin Reid, chief executive officer of Troilus Gold, commented: "We are thrilled about the phenomenal results announced today. Our team's commitment to finding high-grade mineralization that could be immediately impactful to the economics of this project has led to the discovery of two extremely high-grade areas: this new Connector zone and our recently announced X22 zone (see Oct. 17, 2022, press release). The team will be continuing to test these extensions, and we have high confidence in our ability to expand on today's results."

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WM Bottom in place?   "additional gold mineralized zones outside of the MRE"

WM : 882.4 M sh. x $0.23= $203M

WM / Wallbridge Mining ... from 2016: Ytd: 10d / $0.23 unch. 2022 range (0.125 to 0.515)

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2016: Ytd: 10d / $0.23

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=== NEWS ===

2022-11-11 19:42 C:WM 0.23 Dividend Declared Wallbridge Mining distribution of Archer shares
2022-11-10 09:11 C:WM 0.20 SEDAR Interim Financial Statements SEDAR Interim Financial Statements
2022-11-10 09:11 C:WM 0.20 SEDAR MD & A SEDAR MD & A
2022-11-09 21:19 C:WM 0.20 News Release Wallbridge to issue Archer shares as distribution
2022-11-09 12:49 C:WM 0.20 News Release Wallbridge Ni asset buyer prices private placement
2022-11-08 09:27 C:WM 0.19 News Release Wallbridge drills 16 m of 7.80 g/t Au at Fenelon
2022-10-24 11:17 C:WM 0.155 News Release Wallbridge notes Archer Exploration financing
2022-10-20 11:43 C:WM 0.15 News Release Wallbridge Mining drills 1.50 m of 72 g/t Au at Fenelon
2022-10-19 11:18 C:WM 0.155 News Release Wallbridge shareholders approve capital reduction

============

The Toronto Stock Exchange reports that Wallbridge Mining Company Ltd. has declared a distribution in specie of 48,168,138 common shares of Archer Exploration Corp. to Wallbridge shareholders of record on Nov. 16, 2022, and payable on Nov. 18, 2022. The Wallbridge shares will begin trading on a due-bill basis at the open on Nov. 15, 2022, and on an ex distribution basis at the open on Nov. 21, 2022. Due-bill trading will end at the close on Nov. 18, 2022.

According to the TSX, the distribution represents approximately 0.0546 of an Archer share per Wallbridge share held.

BOXERS
a :  1.5m x  72.g  = 108 Boxer.
b : 16 m x  7.8 g  = 125 Boxer
======

WALLBRIDGE EXTENDS TABASCO-STYLE GOLD MINERALIZATION AT FENELON

Continuing drilling at Wallbridge Mining Company Ltd.'s 100-per-cent-owned Fenelon gold project has identified additional gold mineralized zones outside of the project's current mineral resource estimate (MRE). These results will be incorporated into the MRE update and preliminary economic assessment (PEA) currently under way at Fenelon.

Attila Pentek, Wallbridge's vice-president, exploration, commented: "Earlier this year, we identified a very favourable environment for gold deposition to the east-southeast of the current Fenelon resource footprint, at vertical depths between 600 metres and 1,000 metres. The intersection, 7.80 grams per tonne Au over 16 metres in hole FA-22-411, released today, shows the continuation of high-grade Tabasco-style mineralization in this area, adding to a number of significant intersections already reported in our news release dated July 26, 2022, and underscoring the potential for bulk underground mining zones at Fenelon."

Wallbridge's flagship project, Fenelon, is located on the highly prospective Detour-Fenelon gold trend property in Quebec's northern Abitibi region. A mineral resource estimate completed in 2021 validated the multimillion-ounce potential of the 100-per-cent-owned Fenelon and Martiniere properties, incorporating a combined 2.67 million ounces of indicated gold resources and 1.72 million ounces of inferred gold resources. Fenelon and Martiniere, located within a 910 square km exploration land package controlled by Wallbridge, have the potential to be developed into mines and are close to existing power and transportation infrastructure.

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OSK is running ahead of GDXJ   "xxx"

OSK : 347.3 M sh. x $3.71= $1,290M

OSK / Osisko Mng. vs.GDXJ. from 2016: Ytd: 10d / $3.71 / $30.00= r20.0% (0.125 to 0.515)

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2016: Ytd: 10d / $3.71 2022 range (0.125 to 0.515)

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===

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MUX is way behind UGL and GDX   "xxx"

MUX / McEwen Mng : 47.4 M sh. x $5.17= $245 M ... BkVal. $7.59 /sh.

MUX. vs. UGL. 2016: 4/19: Ytd: 10d / $5.17 / gdx: $28.30= r-18.3% / ugl: $52.63= r-9.82%

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2016: Ytd: 10d / $5.17 2022 range (2.81 to 11.80)

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Ratio: MUX.  $5.17 / gdx: $28.30= r-18.3% / ugl: $52.63= r-9.82%

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Website: www.mcewenmining.com

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ARIS.t on Launchpad?.

Had good day (+14%), on some good news. With decent volume (560K shares)

ARIS -etc ... YTD : 10d:  $3.47 +0.43, + 14.1%

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===

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SPY needs a further Lift from TLT/ Bonds.  Strangely XLF/ Financials has outperformed.  Perhaps because their interest margins benefit from higher rates

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ARIS may be Ready to Roll, if it breaks above the Down channel

Then... Catch-up with GDX, etc

ARIS.t / Aris Gold ... 2022: 10d / Last: C$3.42 +0.02.  ye'21 : $5.33, so -xx%

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ARIS vs. GDXJ, UGL ... update:

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===

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UNUSUAL to see this! 

I have Four of the Top 10 GAINERS from Tuesday

Top 10 List : % Gainers
ERD 0.35 +0.055
KITS 3.10 +0.47
KRN 0.29 +0.04
ARIS.WT.B 1.97 +0.27
HND 40.40 +5.38
ARIS.WT.A 0.40 +0.05
TLG 0.65 +0.08
CXB 1.04 +0.12
EAGR 0.84 +0.09
REUN 2.00 +0.21
 
( Stocks above have $0.20 min price and 10K min volume.)
 
3/4 of Top10: ERD: $0.35, ARIS: $4.18, TLG: $0.65. (0.39-3.91,5.75-0.95)
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