Thu, 16 Jan 2020

Royalty Generator Firm Expects to Cash In on Serbian Asset

Source: Maurice Jackson for Streetwise Reports   01/16/2020 In conversation with Maurice Jackson of Proven and Probable, the CEO elaborates on what could be a "company-making" event.Maurice Jackson: Joining us for a conversation is David Cole of EMX Royalty Corp. (EMX:TSX.V; EMX:NYSE.American), the royalty generator. Pleasure to be speaking with you today to discuss a series of accretive transactions that EMX Royalty has consummated that continue to reward shareholders. Before we begin, Mr. Cole, for someone new to the value proposition, please introduce us to EMX Royalty and the opportunity the company presents to the market. David Cole: We are a royalty generator. Royalties are phenomenal financial instruments. They are a slice off the top from metal production, so, if you own a 1% royalty on a project, 1% of the value of the metal that's produced on that project goes to you. And the beauty of that is that it has embedded optionality. And that is exposure to additional...
Thu, 16 Jan 2020

Titans in Mining: An Interview with Rick Rule, Part I

Source: The Critical Investor for Streetwise Reports   01/16/2020 The Critical Investor sits down with Rick Rule, CEO of Sprott U.S. Holdings, for a wide-ranging discussion of his more than four-decade-long involvement in the resource sector.Several months ago I thought of something different. Wouldn't it be nice to interview the real movers and shakers in the mining industry? I decided to start with Rick Rule who is present at almost every conference I go to myself, and easily approachable. Mines & Money London 2019 was to be the stage for this interview, and quickly arranged as well. A quick bio: Rick Rule began his career in the securities business in 1974 and has been principally involved in natural resource security investments ever since. He is a leading resource investor specializing in mining, energy, water utilities, forest products and agriculture, and has originated and participated in hundreds of debt and equity transactions with private, pre-public and...
Thu, 16 Jan 2020

Explorer's Upcoming Resource Estimate Update Should 'Show Growth'

Source: Streetwise Reports   01/16/2020 The potential of this company's asset is discussed in an Echelon Wealth Partners report.In a Jan. 10 research note, Echelon Wealth Partners analyst Gabriel Gonzalez purported that Revival Gold Inc.'s (RVG:TSX.V) updated Beartrack and Arnett Creek resource estimate, expected between mid and late Q1/20, should show growth and that "potential for much more" exists. Echelon expects the updated gold resource to be between 2.7 and 2.8 million ounces (Moz). This compares to the current resource of 2.36 Moz, composed of 1.99 Moz at Beartrack and 380,000 ounces (380 Koz) at Arnett Creek. The new estimate will include results from 15,000 meters of drilling done in 2018 and 2019 and "may also benefit from improved metallurgical recovery factors as well as an updated gold price," Gonzalez wrote. The analyst noted that next step for Beartrack and Arnett Creek after the resource estimate update is a preliminary economic assessment (PEA),...
Thu, 16 Jan 2020

Miner Is 'Set Up for a Strong 2020'

Source: Streetwise Reports   01/16/2020 The numbers from the company's three operations are reviewed in a CIBC report.In a Jan. 12 research note, CIBC analyst Cosmos Chiu reported that Dundee Precious Metals Inc. (DPM:TSX) posted a solid Q4/19 and its production for 2019 fell well within the guidance range. "Overall, the results confirm that the company is set up for a strong 2020 as Chelopech's high-margin production is complemented by Ada Tepe's first full year of operation." Chiu reviewed Dundee's Q4/19 and 2019 numbers, which were in line with CIBC's estimates, and performance of each asset. During the quarter, Dundee produced 69,500 ounces (69.5 Koz) of gold and 10 million pounds (10 Mlb) of copper, which took the year's total for each to 231 Koz and 37 Mlb, respectively. These quantities fell in the higher end of full-year 2019 guidance, which was 200–247 Koz for gold and 33–39 Mlb for copper. As for Dundee's Chelopech operation in Bulgaria, it "continued...
Tue, 14 Jan 2020

Group Ten Delivers World-Class Drill Results for PGM

Source: Bob Moriarty for Streetwise Reports   01/14/2020 Bob Moriarty of 321gold reports on the latest drill results from this company's Montana project.The world is at an interesting junction. Awash in debt caused by promises that governments cannot possibly fulfill, civil disorder takes place in at least fourteen different countries. The U.S. political system has tied itself into partisan knots in an effort to replay the 2016 election with a President dodging and weaving getting thrown out of office on the basis he used the Presidency for political purposes to affect an election. Those intent on tossing Trump out of office are of course using their office for political purposes to affect an election. But truth stopped being part of the political process a long time ago. The U.S. Congressional-Military-Industrial-Complex (CMIC) managed to convince Trump to assassinate a high government official in a sovereign nation thereby setting an interesting precedent that almost...
Mon, 13 Jan 2020

Silver Update: Analyst Sees Short-Term Pullback Before Acceleration

Source: Clive Maund for Streetwise Reports   01/13/2020 Technical analyst Clive Maund charts silver's progress in comparison to gold's following recent world events.Silver's recent rally looks diminutive and stunted compared to gold's, but that's normal at this early stage of a new bull market, when silver typically underperforms gold due to investors being risk-averse and silver being perceived as more risky and volatile than gold. Nevertheless, as we can see on its latest 6-month chart, silver did manage to break out of its reactive downtrend in force from early September. Last week, at the time Iran lobbed missiles at U.S. bases in Iraq, it had a go at breaking above its late September highs. But it was not up to the task and fell back, putting in a reversal candle on big volume, which suggests that it probably has further to fall short term—perhaps back to the upper boundary of the downtrend channel shown. But with the overall tenor of this chart positive,...
Mon, 13 Jan 2020

Analyst: The Overall Gold Outlook Is 'Strongly Bullish'

Source: Clive Maund for Streetwise Reports   01/13/2020 Technical analyst Clive Maund examines the effects of recent geopolitical events on the precious metals markets.It has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top general by a U.S. drone—but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the U.S. did not use this retaliation as an excuse to bomb Iran back to the Stone Age, which is what they really want to do. As we know, the long-term goal of Israel and the U.S. is to subjugate Iran, and they will not stop until they attain this goal. And so it goes on. It appears that there was a bit of theater involved in Iran's retaliation, as it clandestinely signaled its intentions which allowed U.S. forces to get out of harm's way. Perhaps U.S. forces did not...
Mon, 13 Jan 2020

Visionary Vicissitude

Source: Michael Ballanger for Streetwise Reports   01/13/2020 Sector expert Michael Ballanger offers his insights into the precious metals markets as 2020 begins.It was one of those days that all sexagenarians loathe; you have to go to the doctor, and whether it's the GP (general practitioner) or the dentist or the proctologist, nothing reminds you more rapidly of your advancing age than going to the optometrist. Now, many of you would say that your annual prostate exam or a root canal or bloodwork would be the dreaded of all medical dreads, but for me, it is having the 50-something eye lady remind me that two years ago (when I last mustered up the courage to see her), my long vision was great and my reading vision required only 150-magnification "cheaters." Smiling at me as if I just ran the New York Marathon, she then proceeds to tell me that I now require "progressive lenses" and 325-mag reading glasses. Staring at her with slack-jawed miasma, I tell her that I...
Wed, 08 Jan 2020

World's Highest-Grade Silver Mine Targets Q4 2020 Production

Source: Bill Powers for Streetwise Reports   01/08/2020 Bill Powers of Mining Stock Education sits down with Kevin Drover, CEO of Aurcana, to talk about the company's production plans for its high-grade project in Colorado.Aurcana Corporation (AUN:TSX.V; AUNFF:OTCQX) has 100% ownership of the world's highest-grade silver mine (P&P): the Revenue-Virginius mine in Ouray, Colorado, USA. This fully permitted mine will also be one of the lowest-cost silver producers in the world at only US$8/oz Ag (AISC) after byproduct credits. Aurcana is currently (Q1 2020) securing the final capex needed to commence production, which it expects to accomplish in Q4 2020. In this interview, Aurcana CEO Kevin Drover provides an overview of the Revenue-Virginius mine and Aurcana's investment value proposition. Kevin Drover has over 40 years of both domestic and international experience. He was previously VP Worldwide Operations at Kinross Gold and possesses experience in all aspects of mining...
Wed, 08 Jan 2020

Brent Cook: Investors Should Get Boots on the Ground

Source: Maurice Jackson for Streetwise Reports   01/08/2020 In this interview with Maurice Jackson of Proven and Probable, Exploration Insights' Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets. Maurice Jackson: Joining us for conversation is Brent Cook. He's the founder of the highly regarded Exploration Insights. Mr. Cook, you're one of the most trusted, highly regarded names in the natural resource space, so it's a real pleasure to be speaking with you today sir. Today we will address the positives and negatives for the mining sector in 2020. Sir, from a macro perspective, please share with us what is your view on the current state of the mining sector? Brent Cook: For my colleague Joe Mazumdar and me, the overriding issue that the mining sector faces is they're just not finding enough economic metal deposits to replace what's been mined. To put that into terms that might...
Tue, 14 Jan 2020

Explorer With 'Highly Undervalued Stock' Increases Project Resource

Source: Streetwise Reports   01/14/2020 The report updates and the company being a takeout target are discussed in an iA Securities report.In a Jan. 7 research note, iA Securities analyst George Topping reported that Rubicon Minerals Corp. (RMX:TSX; RBYCF:OTCMKTS) updated the mineral resource at its Phoenix gold project in Red Lake, Ontario. Topping highlighted that the updated resource now contains 811,000 ounces (811 Koz) in the Measured and Indicated category, up 38% since the previous estimate of 589 Koz. The boost was driven primarily by M&I tonnage growing 34% to 3.9 million tons (3.9 Mt) from 2 Mt and Inferred ounces converted to M&I ounces. Gold grades mostly stayed the same at about 6.5 grams per ton. The Phoenix project's total resource is now about 1.3 million ounces. Another resource update is expected in H2/20. The new resource, Topping indicated, "underpins the feasibility study," also anticipated in H2/20. "With the updated ounces we expect the mine...
Tue, 07 Jan 2020

Scottie Resources, a Golden Triangle Gold Junior, Reports Blockbuster Drill Results

Source: Peter Epstein for Streetwise Reports   01/07/2020 Peter Epstein of Epstein Research profiles this explorer and explains why he believes it could be a take-out target.Strong drill results have confirmed and expanded the Bend Vein target on Scottie Resources Corp.'s (SCOT:TSX.V) 100%-controlled Bow property. During September, the company completed 878 meters of diamond drilling, 2 km NE of the 100%-owned past-producing Scottie Gold Mine located in the Golden Triangle (GT) of northwest British Columbia, Canada. Readers are reminded that Scottie Resources owns or controls 18,500 hectares, all in the GT, across seven properties, contained in two groups of contiguous parcels. Some properties border Ascot Resources (between Ascot's Premier Mine and Red Mountain projects), others border Pretium Resources' property south of the world-class, high-grade, operating Brucejack mine. Pretium's enterprise value (EV) is $3.3 billion. Very high-grade gold at Bow, Scottie...
Tue, 07 Jan 2020

Precious Metals Producers Make Progress, But Costs Are a Constant Struggle

Source: Adrian Day for Streetwise Reports   01/07/2020 Fund manager Adrian Day reviews recent developments with precious metals producers in his portfolio.Newmont Goldcorp Corp. (NEM:NYSE, $42.83) is in our portfolio because Newmont acquired Goldcorp. Over the past eight months, it has been active with major sales, including 50% of Kalgoorlie in Australia—Barrick also sold the other 50% just a little before—and Red Lake (which came with Goldcorp), both sold to Australia companies. It has also sold its stake in Continental Gold. Together, the dispositions have raised $1.48 billion ($800 million from Kalgoorlie), reaching the upper end of its targeted sales. However, we believe it is likely that Newmont will make several more smaller dispositions, mostly assets acquired in the Goldcorp purchase that don't fit the company's hurdle rate or profile. These sales have dramatically improved the balance sheet, now with $4.4 billion of cash, net debt down to $2.8 billion....
Tue, 07 Jan 2020

Jayant Bhandari: A Contrarian View of Common Western Virtues

Source: Maurice Jackson for Streetwise Reports   01/07/2020 Maurice Jackson of Proven and Probable and Jayant Bhandari of Capitalism and Morality talk about the dangers posed by education, prosperity and democracy to economic stability and the accumulation of wealth.Maurice Jackson: Joining us for conversation is Jayant Bhandari, the founder of Capitalism and Morality and highly sought-out advisor to institutional investors. Mr. Bhandari, welcome to the show, sir. Always a pleasure to speak with you. For the reader of today's discussion members, we will be addressing global unrest, arbitrage opportunities for your natural resource portfolio, and the value proposition of precious metals. Jayant, when we last spoke, we were addressing global civil unrest and the vices of education, prosperity, and democracy. I want to begin our conversation with the latter. Jayant, most people view education and prosperity and democracy as a virtue. Why do you believe this is a sophism? Jayant...
Mon, 06 Jan 2020

Technical Analyst: Gold at Resistance Level

Source: Clive Maund for Streetwise Reports   01/06/2020 Technical analyst Clive Maund discusses the effects of geopolitics on the price of gold.In this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian general and its potential implications for the gold price. On the latest 10-year chart we can see that gold is making a second attack on the key major resistance level in the $1530-$1560 zone, which is hardly surprising considering what happened last week. The reason that this resistance level is of such major importance is made abundantly clear by the following chart made by a subscriber and kindly forwarded to me, which I reproduce with his permission. As we can see gold made no less than five significant lows at this level between 2011 and 2013, before it finally crashed this...