Wed, 13 Nov 2019

Gatling Exploration Aiming to Prove Three Deposits All Part of One System

Source: Streetwise Reports   11/13/2019 The company is starting off with a resource of close to a million ounces of gold before drilling. Gatling Exploration Inc.'s (GTR:TSX.V; GATGF:OTCQX) Larder gold project is located in Ontario on the Cadillac Larder fault in the Abitibi Greenstone Belt, 35 km east of Kirkland Lake, and is composed of three separate deposits, Bear, Cheminis and Fernland. All three have seen exploration historically. The project is located in a prolific area. Five kilometers to the east of Gatling lies the Kerr Addison Mine, which produced 10.5 million ounces of gold. Agnico Eagle's Kirkland Lake property lies to the west, is contiguous with Gatling's, and sports the Upper Beaver and Upper Canada deposits. Historically, the Cadillac Larder fault has seen more than 70 million ounces of gold production. "Gatling consolidated the last bit of that trend on the Cadillac Larder fault by putting the three deposits together," Gatling CEO Nav Dhaliwal...
Wed, 13 Nov 2019

Mickey Fulp: Why There Are Very Few Real Silver Companies

Source: Maurice Jackson for Streetwise Reports   11/13/2019 Mickey Fulp, the Mercenary Geologist, sits down with Maurice Jackson of Proven and Probable to discuss silver and its position among the metals, as well as some of his favorite copper, gold and uranium companies. Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Thank you for joining us. Two years ago, Mickey, we discussed the value propositions in tax-loss selling. Last year we did one on peak gold. I like to have your thoughts today regarding the value proposition of silver bullion, silver junior mining companies, and then those that extract silver, and if those aren't the ones that we should be focusing our efforts on, then let's find out what you are focusing your efforts on. So first let's discuss silver bullion. There's a number of speculators in the space that they're always optimistic about the value proposition, currently the silver ratio is, what, in the 80s,...
Tue, 12 Nov 2019

Providence Sits on 6 High-Grade Gold Mines from Yesteryear

Source: Bob Moriarty for Streetwise Reports   11/12/2019 Bob Moriarty of 321gold profiles a company with historical gold mines in California.A friend approached me a couple of years back about putting some money into a private placement for a young exploration company, Providence Gold Mines Inc. (PHD:TSX.V; PRRVF:OTCBB), that had an option on a number of old gold mines in the California mother lode country. I did and have waited patiently (well, not really patiently) for some time to do a piece about the company and what they have. But there was nothing that would move the price of the shares off TDC until recently. They have a great story but lacked a hook that would grab the attention of potential investors. Basically the company picked up an option on half a dozen high grade gold mines that shut down in 1916 after production of over 225,000 ounces of gold. The terms call for $1 million CAD spent on exploration in the first two years, an additional $750,000 CAD in...
Tue, 12 Nov 2019

Gold and Silver: Capitulation Time

Source: Michael Ballanger for Streetwise Reports   11/12/2019 With gold and silver prices having tumbled, sector expert Michael Ballanger outlines how he will weather the storm."People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong."—G. Edward Griffin, author of The Creature from Jekyll Island My usual weekend missive was mildly delayed for a very good reason; I spent most of Friday evening and Saturday morning formulating this wonderfully verbose theory on why the Fed's sudden shift from "quantitative tightening" to "massive stimulus" had such a negative effect on yields, with an associated and very sharp spillover into my beloved precious metals. Having read it over several dozen times, I then began mulling over the various charts that I post from time to time and quickly decided to "bin it," because my readers no longer wish to hear about the COT report...
Sun, 10 Nov 2019

White Gold Delivers, Investors Don't

Source: Bob Moriarty for Streetwise Reports   11/10/2019 Bob Moriarty of 321gold discusses the stock price of this explorer with a major gold resource in the Yukon.White Gold Corp. (WGO:TSX.V; WHGOF:OTCBB) is one of those companies with great partners, Kinross Gold as well as Agnico Eagle, over 1.7 million ounces in a gold resources in one of the best gold camps in Canada but can't seem to get any respect. At the end of December of last year the shares traded as high as $1.69 but have tumbled lately to a new yearly low of $0.73. I've said this before and I'll keep saying it until everyone gets it. The key to making a profit in investing is to buy when things are cheap and sell when they are dear. White Gold has gone from $0.54 in September of 2018 up to $2 a month later and has dribbled back down. Surely there was a lot of potential to trade those shares at a profit in there somewhere. In spite of the bundles of crisp $100 bills being tossed on a bonfire by the Fed...
Fri, 08 Nov 2019

Alianza Minerals Hits High-Grade Silver at Haldane During First Stepout Drilling

Source: The Critical Investor for Streetwise Reports   11/08/2019 The Critical Investor does a deep dive into this explorer's drill program at its Yukon silver project.All cashed up after raising C$1.1 million in an oversubscribed financing in July, Alianza Minerals Ltd. (ANZ:TSX.V) was ready for its 2019 Phase II drill program at its flagship Haldane silver project, after the Phase I drill target defining program was completed earlier this summer, and drilling began in late August. The main focus for management were the new stepout targets like the Bighorn and Ross anomalies, and the extension of Mount Haldane Veins System (MHVS) targets, to indicate size potential, and are presented in red below: A total of 963 meters was cored in four holes. It took quite a while, according to management the assay lab was relatively slow, an issue several explorers are dealing with this year. On October 22, 2019, the company reported drilling had confirmed the presence of new...
Thu, 07 Nov 2019

Lion One Hits Bigly

Source: Bob Moriarty for Streetwise Reports   11/07/2019 Bob Moriarty of 321gold discusses the implications of the drill results the company released at its gold project in Fiji.When I found out Quinton Hennigh was going to be a geological advisor to Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) back in early 2019, I wrote about them. They just announced results that pretty much prove what I was trying to say. In technical terms, they hit Bigly. Lion One talked about what they were aiming for in the drill program in a press release issued over a month ago as they began the drill program. They seem to have hit exactly what they were aiming for but are criminally remiss in not posting the latest press release on their GD web site. I shall chastise them severely. 2019-11-07 08:49 ET - News Release Mr. Walter Berukoff reports LION ONE EXPANDS NAVILAWA ALKALINE GOLD SYSTEM Lion One Metals Ltd. has provided an update on recent exploration progress at its 100-per-cent-controlled...
Wed, 13 Nov 2019

Company Achieves Commercial Gold Production Early, on Budget

Source: Streetwise Reports   11/13/2019 The details of this transition project in Nevada are discussed in a CIBC report.In an Oct. 28 research note, CIBC analyst Bryce Adams reported that Premier Gold Mines Ltd.'s (PG:TSX) "first project at South Arturo, El Niño underground, has achieved commercial production ahead of schedule and on budget." South Arturo is a joint venture project between Premier that owns 40% and Nevada Gold Mines, 60%. Previously, Premier was expected to attain commercial production at El Niño next year, in Q1. With the early start, CIBC now expects gold production at South Arturo to exceed its forecast of 4,000 ounces (4 Koz) as well as Premier's 2019 guidance of 5–10 Koz. "We now model South Arturo year-end 2019 production of 11.1 Koz," Adams indicated. When the South Arturo expansion is done, Adams pointed out, the operation will run at full capacity via the phase 1 open pit. Pre-stripping, which is ongoing, remains on schedule for...
Wed, 06 Nov 2019

Base Metals Miner Posts 'Strong Operating Performance' in Q3/19

Source: Streetwise Reports   11/06/2019 The short-term outlook for the Canadian company is provided in a CIBC report.In an Oct. 25 research note, CIBC analyst Oscar Cabrera wrote that Lundin Mining Corp. (LUN:TSX) "continues to offer investors an attractive combination of a strong balance sheet, operating execution and financed brownfield growth." This view comes after the metals producer posted "strong operating performance" in Q3/19, "supporting completion of expansion projects" and CIBC adjusted its model accordingly, Cabrera added. Upcoming near- and medium-term catalysts for Lundin Mining are development progress at Candelaria and Neves Corvo and expansion progress at Chapada via exploration. Lundin has a site visit scheduled at Chapada on Nov. 8, Cabrera reported. The analyst commented that how Lundin Mining next allocates capital, whether to continued growth or to shareholders, "will be important to rerate" the company's shares. Further, expansion potential...
Tue, 05 Nov 2019

Defense Metals Drills High Grade REOs

Source: Bob Moriarty for Streetwise Reports   11/05/2019 Bob Moriarty of 321gold dives into rare earth elements and one company exploring a high-potential property in British Columbia.I know of no sector in the resource space as hard to get a handle on as that of the Rare Earths or REOs, AKA REEs. In the last twenty years I have only come across one investor who actually understood which companies had red meat and which were pushing tofu. Since 321gold is a tofu free zone, I've been hesitant to even start writing about the sector. Months ago one of my advertisers, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB), approached me about writing a piece about them and their potential. More or less I agreed since I haven't written anything about REEs for the longest time but I insisted they hand me something that would make it clear to my readers just what their potential was. To be clear, REE or REOs are not rare. There are seventeen elements called Rare Earths...
Tue, 05 Nov 2019

Bravada Gold: Checking Wind Mountain Economics at $1,500 Gold

Source: Thibaut Lepouttre for Streetwise Reports   11/05/2019 With gold prices above $1,500/ounce, Thibaut Lepouttre of Caesars Report runs the numbers to see whether this mine might be worth taking another look at.Introduction When the gold price started its move during the summer, someone asked us, "Do you know any 'old and forgotten' projects that aren't very appealing at $1,250 gold but have a lot of leverage on the gold price that would make it viable at $1,500 gold?" An interesting question. As a lot of projects get recycled during good years in the mining sector, you tend to see the same projects again and again and again. Sometimes the projects have a different name, sometimes the focus is on a different commodity, sometimes there is a new management team with a genuine desire to look at something with a different perspective. Quite often projects get recycled for a quick promotion tour and subsequent pump to offload paper into the hands of unsophisticated...
Mon, 04 Nov 2019

I'm Mad as Hell: Long Live Howard Beale

Source: Michael Ballanger for Streetwise Reports   11/04/2019 Sector expert dissects recent Fed and other government actions and discusses his recent precious metals trades.In the 1976 movie "Network," British actor Peter Finch won an Academy Award for his stunning portrayal of news anchorman Howard Beale, whose on-air descent into insanity, prompted by the social and economic conditions of the times, is now legendary. The iconic scene where Beale, clad in a rumpled raincoat and with wet hair plastered to his head, goes on national TV and implores watchers to go to their windows and scream "I'm mad as hell and not going to take this anymore!" is one of the most awe-inspiring scenes in the history of filmmaking. Should you wish to watch the scene for yourselves, the link can be found here. You know, I must confess that there are days that are becoming all too frequent now, that I feel like a 2019 version of Howard Beale. I watched last Wednesday as Fed Chairman Jerome...
Sat, 02 Nov 2019

Jayant Bhandari: These Three Things Are Destabilizing the World

Source: Maurice Jackson for Streetwise Reports   11/02/2019 In conversations with Maurice Jackson of Proven and Probable, Jayant Bhandari offers his thoughts on geopolitical unrest in the Middle East, Latin America, and elsewhere, and how these issues affect the precious metals markets and the accumulation of wealth.Maurice: Joining us for a conversation is Jayant Bhandari, the founder of the world-renowned Capitalism & Morality, and a prominent, highly sought out advisor to institutional investors. We have a number of topics to address today, from geopolitics to unique buying opportunities in the natural resource space. Beginning with geopolitics, let's begin in the Middle East. Syria has a number of events that are unfolding there at the moment. Jayant, you and I had a discussion offline prior to our interview, and you had a number of concerns regarding the turmoil in Syria, specifically with the U.S. expatriating their troops from there, and yesterday the U.S....
Thu, 31 Oct 2019

Calibre Buys Two Gold Mines from B2 Gold

Source: Bob Moriarty for Streetwise Reports   10/31/2019 Bob Moriarty of 321gold presents the investment thesis for this mining firm.If you are smart enough to remember how to fall off a bicycle, you qualify as wise enough to be buying shares in Calibre Mining Corp. (CXB:TSX.V; CXBMF:OTC.MKTS). It's that easy. B2Gold Corp. (BTG:NYSE; BTO:TSX; B2G:NSX), run by Clive Johnson, is a $4 billion company. They had two gold mines in Nicaragua but have transitioned to mining in Africa and the Far East. Johnson is not above trying to maximize value for his shareholders, so when the decision was made to focus on larger mines in Africa, he looked around for a suitable junior to take over the existing production assets in Nicaragua. There was such a junior right in their own backyard and a deal was cut. Essentially B2 is selling the El Limon gold mine with a 500,000 TPA (tonnes per annum) mill with a partial Q4 guidance of 14,000–17,000 ounces with an AISC (all-in sustaining...
Thu, 31 Oct 2019

Sandstorm Posts Record Q3 Revenue and Gold Equivalent Ounces Sold

Source: Streetwise Reports   10/31/2019 Shares of gold royalty firm Sandstorm Gold traded more than 9% higher today after reporting record revenue for Q3/19.Vancouver, Canada-based gold royalty company Sandstorm Gold Ltd. (SSL:TSX; SAND:AMEX), yesterday announced what it called record 2019 results for the third quarter ended September 30, 2019. The company advised that in Q3/19 it achieved record revenue of $25.8 million, a 49% increase over the $17.3 million reported in Q3/18. The firm also stated that it posted record attributable gold equivalent ounces sold of 17,289 oz., up 21% versus 14,314 oz. sold in Q3/18. Sandstorm advised that in Q3/19, the average cash cost per attributable gold equivalent ounce was $288 resulting in cash operating margins of $1,203 per oz., compared to $248 per oz. and $960 per oz. respectively in the corresponding 2018 quarter. The firm reported Net income of $6.2 million in Q3/19, compared to $2.1 million in Q3/18. The company advised...