Miner Exceeds Estimates for Gold Produced in Q3/17

Source: Streetwise Reports 10/19/2017 BMO Capital Markets reported the preliminary Q3/17 production results for this senior gold producer. According to an Oct. 16 research note, Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) produced 257 Koz gold in Q3/17 from six of its seven mines (excluding Brio). The quantity achieved surpassed BMO Capital Markets’ expected 240 Koz “based on better-than-expected production from Chapada, Malartic and El Peñón, offset by lower production at Minera Florida,” indicated analyst Andrew Kaip. As for other metals, Yamana produced 37.1 Mlb copper, which beat BMO’s anticipated 33.9 Mlb, Kaip added. It generated 1.43 Moz silver, which was in line with BMO’s estimate. About the Canadian miner’s Q3 performance, Kaip concluded that “incorporating the stronger-than-expected production results is expected to have a positive impact to earnings.” Yamana’s gold production for the first three quarters of 2017 is 717 Koz, Kaip noted. This represents about 76% of its 940 Koz gold production guidance for this year. Although the company increased its guidance for gold once already in 2017, it is “currently evaluating whether or not to increase production guidance for gold, silver and copper based on year-to-date production and an expected strong Q4/17,” he wrote. Kaip also noted that as of Sept. 30, Yamana had “approximately $125 million in cash.” This metals producer will report complete Q3/17 operational and financial results on Oct. 26 followed by a conference call on Oct. 27. BMO Capital has a Market Perform rating and $3.25 per share price target for Yamana, whose shares … Continue reading

Columbus Gold Is Giving Free Shares Away

Source: Bob Moriarty for Streetwise Reports 10/18/2017 Bob Moriarty of 321 Gold discusses Columbus Gold’s imminent spinout of its Nevada properties. I have followed Columbus Gold Corp. (CGT:TSX; CBGDF:OTCQX) since I first wrote about them in 2014. Their main gold project is in French Guiana and is part of a JV with a Russian company. It’s a great project with 2.75 million ounces of proven and probable reserves of gold. Columbus Gold owns 45% and Nordgold owns 55%. At $1200 gold the project has an after tax IRR of 23% and an NPV of $324 million US. Owning 45% should make CGT’s interest worth $145 million US or about $185 million CAD. Instead Columbus has a market cap of right at $100 million CAD. And they own 14 projects in Nevada including one with a 721,000 gold equivalent ounce resource. Management realized they are not getting any value out of the Nevada projects so they are spinning them off into a new company named Allegiant. That’s where the free shares come into the deal. Columbus is holding a special meeting the 20th of November for shareholders to vote on the spinout. Shareholders as of the Share Distribution Record Date will receive 1/5th of a share of Allegiant for every Columbus share held. The company anticipates the record date to be four business days after the meeting or the 24th of November. So if you own 10,000 shares of Columbus on the Record Date, you will be handed 2,000 shares of … Continue reading

Trio of Firm's Mines Log Strong Performance in Q3/17

Source: Streetwise Reports 10/16/2017 Analyst Andrew Kaip compared this silver, gold and base metals miner’s reported Q3/17 production results to the numbers expected by his firm, BMO Capital Markets. In an Oct. 12, 2017 research report Kaip indicated that overall Q3/17 production was “strong” from three of Hecla Mining Co.’s (HL:NYSE) four mines: Greens Creek, Casa Berardi and San Sebastian. This diversified company’s Q3 production of silver, lead and zinc exceeded BMO’s expectations, whereas that of gold reached the anticipated level, added Kaip. Actual versus estimated production was 3.3 versus 2.9 Moz for silver; 5.4 versus 5.1 Kt for lead; 14.5 versus 13.2 Kt for zinc; and 64 versus 63 Koz for gold. The research note also detailed Q3/17 production for each of Hecla’s producing mines: Greens Creek in Alaska performed the best during the quarter, thanks to its silver production. When compared to Q2/17, it was up, from 1.9 to 2.3 Moz, while gold production of 12.6 Koz was flat. Kaip noted that “production benefited from the mill operating at 2,391 tons per day, which is a life-of-mine record.” Casa Berardi in Quebec produced 44.1 Koz gold, “slightly higher” than the 42.2 Koz estimate, wrote Kaip. He highlighted that “mining from the East Mine Crown Pillar pit continues to help supplement underground ore and fill the mill, which operated at 3.5 Ktpd in the quarter and set a monthly record in September at 3.9 Ktpd.” San Sebastian in Mexico met expectations, Kaip indicated, “producing 881 Koz of silver and … Continue reading

Renaissance Oil Corp. – An Intriguing Opportunity For Your Portfolio – TSXV:ROE

Editors Note from Dudley Pierce Baker Founder – Editor http://CommonStockWarrants.com http://JuniorMiningNews.com The writer of this piece, Jim Bentein, is a personal friend for many years here in Mexico. Jim, also writes for the Daily Oil Bulletin, out of Calgary, Canada. In full disclosure, I own a position in Renaissance Oil via their stock warrants trading on the TSX Venture as ROE.WT.A . I am not a financial advisor and interested investors should seek the advice of their advisors before buying the common shares and/or stock warrants of Renaissance Oil. ROE – common shares           Closing Price on October 13, 2017 – C$0.235 ROE.WT.A – stock warrants  Closing Price on October 13, 2017 – C$0.105 Additional Resources: Corporate Presentation – September 2017 Research Report – Haywood Securities – August 30, 2017 Research Report – Beacon Securities – August 31, 2017   BY JIM BENTEIN Lake Chapala, Mexico Vancouver-based junior Renaissance Oil Corp., which has become one of the most active participants in Mexico’s recently privatized oil and gas market, has announced that one of the world’s richest men has become an investor in the company and will be a strategic advisor.   Renaissance, in a press release issued on Thursday, announced that Monaco-based Eskandar Maleki has been granted shares and warrants of the fledgling Mexican-focused producer. Maleki, originally from Iran, has a net worth of several hundred millions of dollars and is considered one of the world’s top art collectors. Renaissance announced that it has agreed to issue almost … Continue reading

“Friday the 13th” Was Great For Gold

“Friday the 13th” Was Great For Gold Gold surged ahead on Friday the 13th and once again closed above $1300. This may well be the last time we see $1300 for along time, if ever. I like to show this monthly chart of gold going back to 1998 as it reflects the long-term trend. But most important to me is the 20 month moving average. Notice that since 2001 this 20 MMA has showed us the way. The average has been trending up now for many months and today stands at $1267, while gold closed Friday at $1303 while silver closed at $17.41. Watch the upward sloop of the 20 Month Moving Average. It makes sense that gold has struggled here but it appears we are ready for a serious breakout to the upside. If you see what I see, you should be invested right now or damn soon otherwise why would you be reading this piece? I am here to assist you with some interesting investment ideas in my services and currently there are many opportunities. Resource shares are poised to rocket substantially higher within the next few years with many going up 1,000% and much more. I am basically all in and ready for the excitement to begin and…… For me, there is only one way to play this ‘game’ by investing in quality junior mining companies and/or long-term stock warrants trading on those companies. If you are not familiar with stock warrants, you can receive The Stock … Continue reading

Comfortably Numb: Surviving the Assault on Silver

Source: Michael Ballanger for Streetwise Reports 10/15/2017 Precious metals expert Michael Ballanger discusses the current state of the precious metals markets. In the late 1960s and most of the 1970s, an English rock band named Pink Floyd dominated the world of progressive and psychedelic music with such memorable albums as “Dark Side of the Moon,” “Wish You Were Here,” and “The Wall.” One of their greatest hits was a song entitled “Comfortably Numb” and as I was listening to it the other night, the refrain in the middle of the song—”Gotta keep it going through the show; c’mon it’s time to go”—reminded me of the current state of the precious metals markets in the sense that the bullion bank criminals really are doing their utmost to “keep it (the price caps and interventions) going through the show”. That silver investors have been rendered “comfortably numb” by way of serial price assaults is a testimonial to the sentiment out there for silver equities, coins, and the like. In case you hadn’t noticed, sentiment for gold and particularly silver is outright putrid. Who Remembers THIS? Surely, the competition for alternative investments such as Bitcoin, Eleutherum and other block-chain deals is fierce and with stocks hitting all-time highs literally every few days and with volatility at record lows, not many people have retained sufficient focus to concentrate on silver based upon the pure economics of demand and supply. Mind you, analysis of the supply-demand equilibrium for financial or non-financial assets is a useless … Continue reading

Gold and the Dollar: Good News and Bad News

Source: Clive Maund for Streetwise Reports 10/15/2017 Technical analyst Clive Maund discusses what he sees as a “swan-song rally.” We’ve all had people come up to us and say “Do you want the good news first or the bad news?” I always opt for the bad news first, to get it out of way and end on a lighter note. The bad news is that the dollar looks set to stage a significant “swan-song” rally in coming weeks, which will probably result in gold being beaten down again. The good news is that once that’s done its toast—and that’s when the big gold and silver bull market that longer-term charts are calling for will really get underway. The last update called for the dollar to drop down to mark out the Right Shoulder of a Head-and-Shoulders bottom pattern, and for gold to break out of its rather steep intermediate downtrend and rally, and that is exactly what has since happened. On its latest 8-month chart, we can see how the dollar has backed off to the vicinity of its flattened out 50-day moving average and the vicinity of the Left Shoulder low of the base pattern, in order to mark out the Right Shoulder low. Three bullish developments to be noted that result from the dollar rising out of the Head of the pattern are the breakout from the downtrend, the break clear above the 50-day moving average, and the big improvement in momentum (MACD), which is swinging positive. If … Continue reading

Silver May Pop and Drop in Setup for Upswing

Source: Clive Maund for Streetwise Reports 10/15/2017 Technical analyst Clive Maund charts the reasons silver bugs may have an opportunity for happier days ahead. Like gold, silver gapped out of its downtrend last week, but volume was lacking on this move, which, given the now bullish outlook for the dollar, may turn out to be a “pop” that will be followed by renewed decline. This breakout was predicted in the last update, when it was pointed out that silver’s COTs were still far from outright bullish. You are referred to the parallel Gold Market update to read the reasons why the dollar may be shaping up for a sizable rally back to the 97 area on the index, before turning and heading south again. Needless to say, this can be expected to knock gold and silver back down again. On its latest 6-month chart we can see how silver gapped higher last week, after breaking out of its recent downtrend a few days before. As mentioned above, due to the immediate outlook for the dollar being positive, with a sizable “swan song” rally in prospect, this breakout by silver may well turn out to be a “pop” to be followed by renewed decline. How far might it drop? A logical target, given that gold would probably drop to the $1,200-$1215 area, would be somewhere in the vicinity of its July lows, i.e. somewhere in the $15 area. While silver’s latest COTs look rather better than those for gold, they are … Continue reading

Future Upside Provides Excellent Entry Point for Fiore Gold

Source: The Critical Investor for Streetwise Reports 10/13/2017 The Critical Investor provides an update on Fiore Gold, which has just resumed trading after completing a business combination with GRP Minerals. Pan Mine, Nevada After a lengthy trading halt since June 12, Fiore Exploration Ltd. (F:TSX.V; FIORF:OTCQB) started trading on October 2, having completed the business combination with GRP Minerals. This took quite a bit of time, as it was a fairly complex venture for both companies, with a lot of paperwork. I view this deal as an accretive one, as a lot of tangible value through much more advanced assets was added, up to an estimated Net Asset Value of about C$120 million in my view, and a lot of realistic growth potential. Apparently, not everybody had the same long-term view for Fiore Gold as is needed in this case, the company now morphing into a long-term growth production story instead of an exploration story, and a sell-off started immediately after opening of the markets: Share price; 10 day time frame My suspicion is that there were some shareholders from both sides of the deal selling their shares, as the initial story changed significantly for both companies, possibly appealing to different kinds of investors, although the volume wasn’t really massive on the first day comparing to the last few days as the share price bottomed at C$0.70. As the share price closed at C$0.76 yesterday on healthy volume, it seems that the worst is behind us now. As I have … Continue reading

An Aggressive Gold Exploration Play

Source: Daniel Ameduri for Streetwise Reports 10/12/2017 Exploration on a massive project in Nevada holds the potential for “glory,” says Daniel Ameduri of Future Money Trends. U.S. Gold Corp. (USAU:NASDAQ) is drilling a massive gold project. With Gold Standard Ventures Corp.’s (GSV:TSX.V; GSV:NYSE) Dave Mathewson at the helm for exploration, this is a must-have for any gold portfolio looking for some potential luster with elephant-sized discovery potential. Here are the key takeaways from its recent press release: 1. A new drilling program at Gold Bar North, located on the Cortez Trend, has begun. 2. Dave Mathewson, the former go-to exploration geologist for Newmont and Gold Standard, has identified multiple Carlin-type deposit target areas. 3. Follow-up drilling will be conducted on positive results obtained from earlier this year. Mr. Mathewson, U.S. Gold Corp.’s (USAU) Vice President and Head of Exploration, stated that “It’s the best exploration project I have seen in my career. Reminds me of the Railroad project (Gold Standard Ventures discovery) on steroids.” We’ve witnessed this before—I mean, this is almost the exact same set-up as Gold Standard Ventures, where Dave Mathewson’s team led to the consolidation of the Railroad-Pinion district and the discoveries of North Bullion, Sylvania, and Bald Mountain deposits. Luke Norman is the co-founder of Gold Standard Ventures and U.S. Gold Corp. (USAU), as well as a master when it comes to advancing early-stage companies quickly. Gold Standard Ventures increased from a $15 million market cap to a billion dollars largely based upon Mathewson-led discoveries and … Continue reading