Sun, 20 Jan 2019

Gold Company Continues Advancing Val d'Or Project Toward Restart

Source: Streetwise Reports   01/20/2019 An iA Securities report provided an operational update on this Canadian producer. In a Jan. 17 research note, iA Securities analyst George Topping reported that Wesdome Gold Mines Ltd.'s (WDO:TSX) "2019 production guidance is in line" and the pace at Kiena is accelerating. "Management is advancing Kiena to a low cost, short timeline restart," he wrote. Topping reviewed the company's Q4/18 and 2018 production results. The miner produced 17,300 ounces (17.3 Koz) gold in Q4/18, which was less than Q3/18's "outstanding" 19.8 Koz. Total production for 2018 was 71.7 Koz gold. As for grades from the underground Eagle mine, they were lower in Q4/18, at 10.6 grams per ton (10.6 g/t) versus Q3/18's 13.3 g/t. However, Topping noted, Q3/18's grades were atypical, as mining focused on the high grades in August due to mill problems. Grades, though, in 2019 should rebound. Topping also discussed the company's production, grade and capex...
Sat, 19 Jan 2019

Silver-Gold Company Delivers in Q4/18 for 'Strong End to the Year'

Source: Streetwise Reports   01/19/2019 A CIBC report specified 2018 production and 2019 production guidance figures.In a Jan. 16 research note, CIBC analyst Cosmos Chiu reported that SSR Mining Inc.'s (SSRM:NASDAQ) three producing mines each exceeded the upper end of annual production guidance in 2018. Further, production guidance for 2019 implies growth. The company's production in 2018 totaled 2.8 million ounces (2.8 Moz) silver, above CIBC's 2.5 Moz estimate, and 301,000 ounces (301 Koz) gold, in line with CIBC's forecast. Of the total, 892 Koz silver and 75 Koz gold were produced in Q4/18. Chiu noted that all of SSR's three producing assets contributed with strong performance. Seabee achieved record production for 2018. Marigold boasted record tons placed along with "slightly higher grades and consistent recoveries." At Chinchillas, ramp-up continued. For 2019, Chiu relayed, SSR guided to midpoint production levels of 4.9 Moz silver and 312 Koz gold, at $693...
Sat, 19 Jan 2019

Senior Gold Producer 'Tops Expectations' for Production in Q4/18

Source: Streetwise Reports   01/19/2019 A BMO Capital Markets report provided this Canadian company's Q4/18 and full-year 2018 production numbers for gold, silver and copper.In a Jan. 14 research note, BMO Capital Markets analyst Andrew Kaip reported that Yamana Gold Inc.'s (YRI:TSX; AUY:NYSE; YAU:LSE) Q4/18 production for gold, silver and copper exceeded forecasts and costs came in at or below guidance. "The company capped off the year with a strong Q4/18 driven by better-than-expected performance at Chapada and Cerro Moro," he added. Full-year 2018 production of each metal exceeded revised guidance. The analyst compared Yamana's actual production figures to BMO's projections. With respect to gold, Yamana produced 292,500 ounces (292.5 Koz) of the metal in Q4/18, beating BMO's forecast of 281 Koz. The strong performing mines were Chapada, which produced 40.8 Koz versus BMO's expected 28.7 Koz, and Cerro Moro, where production was 45.1 Koz, above BMO's projected...
Sat, 19 Jan 2019

Idaho-Based Silver-Gold Producer's Q4/18 'Production in Line'

Source: Streetwise Reports   01/19/2019 A ROTH Capital Partners note provided this miner's Q4/18 production numbers and a near-term outlook for one of its recently acquired Nevada mines.In a Jan. 16 research note, analyst Jake Sekelsky reported that Hecla Mining Co.'s (HL:NYSE) 2018 production was "in line with expectations." However, because ROTH Capital Partners anticipates that the miner's ramp-up to 550 tons per day (550 tpd) at Fire Creek may take longer than ROTH originally expected and grades will be "modestly lower," it decreased its target price on Hecla to $4 per share from $5. Hecla stock is now trading at about $2.41 per share. Sekelsky relayed that in Q4/18, Hecla produced 43.6 million ounces (43.6 Moz) of silver equivalent, composed of 10.4 Moz of silver and 262,103 ounces (262,103 oz) of gold. Whereas silver production was above ROTH's 9.7 Moz estimate, gold production was slightly below its forecast of 275,152 oz. Looking forward, Sekelsky highlighted...
Sat, 19 Jan 2019

Feasibility Study Completed for Mine Expansion at Gold Producer's Mexico Project

Source: Streetwise Reports   01/19/2019 The study projects a $752 million net present value and an 87% internal rate of return.Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release that a "very positive," independent feasibility study for its Los Filos mine expansion is finished. The mine is located in Mexico. The study results and NI 43-101 technical report are based on $30 million of exploration work on both of the open-pit and underground deposits over 20 months' time. The characteristics of the resource used in the study are Proven and Probable mineral reserves of 111.3 million tons at 1.23 grams per ton containing 4.5 million ounces (4.5 Moz) gold. This is an increase from 1.7 Moz in 2017. "The expansion feasibility study incorporates the potential for: development of the Bermejal underground mine, enlarging the Los Filos open-pit mine, rephasing of the Bermejal open pit into two distinct open pits (Bermejal and Guadalupe) and the construction...
Fri, 18 Jan 2019

Gold Explorer Reports Intercepts from Two Zones at Yukon Property

Source: Streetwise Reports   01/18/2019 The Canada-based company makes a new discovery in one of the drilled areas.Victoria Gold Corp. (VIT:TSX.V) reported in a news release the assay results from its 2018 Nugget and Bluto drill holes on the Dublin Gulch property. "The 2018 exploration program at Dublin Gulch resulted in a new discovery, the Raven target at Nugget. This discovery further validated the efforts to build out infrastructure along the growing Potato Hills Trend," President and CEO John McConnell said in the release. At Nugget, highlight holes include NG18-007C, which returned 20.6 meters (20.6m) of 1.49 grams per ton (1.49 g/t) gold and 11.56 g/t silver, including 7.7m of 3.36 g/ton gold and 30.6 g/t silver. Hole NG18-008C returned 8.1m of 0.48 g/t gold and 1.06 g/t silver. Both of these holes were drilled proximally to the Raven discovery hole NG18-006C. At Bluto, "an approximately 5 kilometer coincident arsenic-gold-bismuth in-soils anomaly," Victoria...
Thu, 17 Jan 2019

Velocity Minerals Scores Key Strategic Investment

Source: Peter Epstein for Streetwise Reports   01/17/2019 Peter Epstein of Epstein Research discusses the strategic investment this gold explorer just received.Velocity Minerals Ltd. (VLC:TSX.V; VLCJF:OTCQB), the Bulgarian gold exploration and development company, with a strong PEA on its Rozino project, and six additional near-surface gold prospects, announced a key strategic investment by Atlantic Gold Corp. (TSX-V: AGB; OTCQB: SPVEF). A Vote of Confidence in Velocity Minerals Atlantic Gold is a C$400 million company with proven mine building capabilities. It produced 90,531 ounces of gold in 2018 at a very low all-in sustainable cost of US$521–US$566/oz. The mine was built on time and on budget and production metrics are exceeding Feasibility levels. The mine is being expanded to 200,000 ounces/year. This is a significant de-risking event for Velocity as it will receive a C$3.9 million equity investment at a premium to its market price, plus a C$5.1 million...
Thu, 17 Jan 2019

Explorer Learns Mineralization Extends at Great Basin Project's Southern Margin

Source: Streetwise Reports   01/17/2019 The goals of this Canadian firm's ongoing drilling efforts are to define more ounces and connect zones. Liberty Gold Corp. (LGD:TSX) announced in a news release results from further infill and stepout reverse circulation drilling along the southern border of its Goldstrike project in the Great Basin. These findings come from additional holes that were drilled to test whether mineralization extended further in the Peg Leg zone and in the Hamburg Extension. Indeed, drill results proved that to be the case in both areas, the company noted. Regarding the Peg Leg zone, mineralization expansion was noted, which was relatively shallow. The grade of it was higher than the average grade of the deposit, the company reported. Highlight assays, from holes PGS670, PGS668 and PGS669, respectively, were 2.95 grams per ton (2.95 g/t) gold over 18.3 meters (18.3m); 0.7 g/t gold over 24.4m; and 1 g/t gold over 13.7m. At the Hamburg Extension,...
Thu, 17 Jan 2019

Graphite Firm Now Producing Concentrate Samples at Own Lab

Source: Streetwise Reports   01/17/2019 This new capability will help the company develop business. SRG Graphite Inc. (SRG:TSX.V) produced its first 95% graphite samples at its metallurgical laboratory located at its Lola project in Guinea, West Africa, it announced in a news release. Following commissioning of the facility and training of the lab technicians by Quebec-based SOUTEX, the on-site team now can produce graphite concentrate samples of various flake sizes and grades. This capability allows SRG Graphite to quickly generate and send samples to prospective clients straight from the lab. "We are excited to send samples to prospective clients directly from our lab. This step for the company is in line with our values: to invest in our local team, infrastructure and training, as they are the key to our success," commented Raphaël Beaudoin, P.Eng., VP Operations, Metallurgy and Process Design. SRG noted that it used local vendors and construction companies...
Thu, 17 Jan 2019

Gold Explorer Recovers Core Historically Drilled on Its Northwest Territories Property

Source: Streetwise Reports   01/17/2019 A top priority now is confirming historical reports of mineralization are accurate. TerraX Minerals Inc. (TXR:TSX.V) recovered 16,000 meters of historical core from holes drilled on its Yellowknife City property, which reveal visible gold, it announced in a news release. Past drill logs for this core note that "several holes showed significant gold intersections." "Acquiring core with visible gold provides an exciting and unexpected jumpstart to the advancement of key targets that will provide investors an early look at assay results in H1/19," President and CEO David Suda said in the release. "We have effectively gained a full season of drilling for a fraction of the normal cost." The historical core happens to have been taken from three of the four spots TerraX has identified as its next drill targets. TerraX now is sorting, logging and splitting the core for assaying. The goal is to test, and hopefully confirm, the validity...
Thu, 17 Jan 2019

Explorer & Developer Buys Drilling Equipment for Use at Fiji Project

Source: Streetwise Reports   01/17/2019 The company now has easy access to essential equipment it can use at a lower cost. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it acquired Geodrill's drilling equipment to use on its Tuvatu gold project in Fiji. The assets Lion One purchased from the Nadi, Fiji-based exploration drilling company include two diamond drill rigs, one surface and one underground, along with drilling rods, downhole survey cameras and temperature monitors, transport vehicles, support trucks and a spare parts collection. The company had actually used the surface rig for much of its explorative drilling over the past five years. "Lion One has also hired an experienced local drilling team that will ensure the company has readily available, cost-effective drilling capabilities well into the future," Lion One's Managing Director Stephen Mann said in the release. The next step for the company is to plan future drilling...
Wed, 16 Jan 2019

Explorer Uncovers High-Grade Gold in Zone at Yukon Project

Source: Streetwise Reports   01/16/2019 The company summarized the results of its related 2018 exploration efforts.Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) discovered high-grade gold mineralization in the Lost Ace zone of its Justin project in the Yukon, it announced in a news release. This finding came out of its 2018 exploration program at Justin, in which Aben took 19 channel and 28 chip samples from five trenches, 16 rock samples, 7 till samples and 240 soil samples, all from an area spanning 6 line kilometers. The campaign focused on Lost Ace, which had been shown in 2017 to bear gold. That zone is 2 kilometers west of the POW zone, which in the past demonstrated the potential for bulk tonnage gold mineralization. Aben's 2018 work at Justin showed a new zone of mineralization in Lost Ace, at the northern end of a 250 meter (250m) "gold-in-soil soil anomaly that remains open in all directions," according to the release. The new discovery "highlights the...
Wed, 16 Jan 2019

Goldcorp-Newmont Deal Points to More M&A

Source: Rick Mills for Streetwise Reports   01/16/2019 Rick Mills of Ahead of the Herd dissects the conditions in the gold industry that led to the Newmont-Goldcorp merger and point to further consolidation in the industry.More gold mines will be going on the block thanks to a blockbuster gold mining company tie-up announced Monday. And major gold companies will also be looking to acquire large, preferably high-grade deposits, due to the ever-present problem of depleting mine reserves, as extraction costs become more expensive and profit margins squeezed without a significant rise in the gold price. These are the two main takeaways from the merger of Goldcorp and Newmont Mining which creates the largest gold company in the world—knocking "New Barrick" (the merged Barrick Gold and Randgold) off the top of the pedestal. The consolidation started with the takeover of Africa-focused Randgold by Barrick in September; the all-share deal was worth $6.5 billion. After...
Wed, 16 Jan 2019

Explorer Provides Visual Depiction of Red Lake Project Geology

Source: Streetwise Reports   01/16/2019 This Canadian company also plans to amp up drilling at the property. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) made available a 3D model of the gold mineralization at its Dixie project discovered to date through drilling, it announced in a news release. The company will discuss the model, along with recent results, in a webinar at 11 a.m. PST on Jan. 17. Also, a video of the model is available on Great Bear's website. The 3D model reflects drill hole and geological data Great Bear generated, along with historical information other explorers collated. It depicts the 12-square-kilometer area of Dixie where most of the drilling took place, from the surface to a depth of 1 kilometer. The model highlights the mineralization that exists in the Limb, Dixie and South Limb zones. Also, it incorporates interpretations of the data, such as where the D2 fold axes are, from "12,008 litho-geochemical samples, 2,998 structural measurements...
Wed, 16 Jan 2019

Exploring for World-Class Gold, Silver and Copper Deposits in Nicaragua

Source: Maurice Jackson for Streetwise Reports   01/16/2019 Ryan King, vice president of corporate development at Calibre Mining, sits down with Maurice Jackson of Proven and Probable to discuss his company's joint ventures, exploration in Nicaragua and strategic plans.Maurice Jackson: Joining us today is Ryan King. He is the vice president, corporate development, of Calibre Mining Corp. (CXB:TSX.V; CXBMD:OTC), which is exploring for world-class gold, silver and copper deposits in Nicaragua. For someone new to the story, who is Calibre Mining and what is the thesis you're attempting to prove? Ryan King: Calibre Mining's thesis is twofold. One, we're exploring for world-class discoveries in Nicaragua. We just had over 8 million ounces of produced gold in this district that we're exploring. Second, we believe Nicaragua provides optionality right now for our shareholders. Our team has a proven track record of successfully acquiring, advancing, optimizing and selling...