Mining Company Boasts 'Good Deposit Moving Quickly Toward Development'

Source: Streetwise Reports 12/13/2018 An iA Securities note reviewed the latest news about drill results and financings for this firm’s Canadian project. In a Dec. 6 research note, analyst George Topping reported that Barkerville Gold Mines Ltd. (BGM:TSX.V) announced “more high-grade hits” at its Cariboo project’s Cow Mountain, however, recent financings have been dilutive to the share price. As such, iA Securities lowered its target price on the Buy-rated company to CA$1.05 per share from CA$1.40. Barkerville is currently trading at around CA$0.34 a share. Topping reviewed results from the 63,000-meter (63,000m) drill program at Cow Mountain. Infill drill holes returned averages of 14.1 grams per ton (14.1 g/t) gold over 1.3m beginning 180m deep. “Today’s results bring the overall raw average at Cow Mountain to date to 11 g/t Au over 1.4m at a depth of 218m before dilution ( about 6.5–7 g/t post mining dilution),” Topping indicated. As for specific assays, one hole, CM-18-124, demonstrated 10.5 g/t gold over 7.8m starting at 209m down. This was down dip of a prior hole, CM-18-034, that showed 9.3 g/t gold over 2.7m. A second highlight hole, CM-18-128, intersected 24.1 g/t gold over 6.5m beginning at a 94m depth. Topping explained the results also exhibit continuity of high-grade mineralization at Cow Mountain in the quartz veins and extensions down dip and down plunge, with vein corridors remaining open. “Continued infill drilling and a higher cut-off grade (4 g/t) should push the resource to a profitable roughly 7 g/t,” Topping noted. The … Continue reading

Coverage Initiated on Senior Australian Gold Miner, a 'Best-in-Class Mining Company'

Source: Streetwise Reports 12/13/2018 A BMO Capital Markets report summarized the investment thesis for this company. In a Dec. 7 research note, analyst Andrew Kaip reported BMO Capital Markets initiated coverage on Newcrest Mining Ltd. (NCM:ASX) with a Market Perform rating and an AU$23 per share target price. The stock is currently trading at around AU$20.67 per share. “Newcrest meets BMO’s criteria for a best-in-class mining company,” Kaip noted, with “strong execution and above average outlook in addition to peer-leading returns since restructuring began four years ago and industry-leading asset base and reserve life.” Company risks include concentration of assets, decreasing gold production at Cadia as of 2020 and heightened jurisdictional risk with Ecuador exposure and surrounding development of Wafi-Golpu, the joint venture project in Papua New Guinea. In light of these issues, Newcrest is “reasonably valued,” Kaip noted. The company could trade at a premium valuation, but that would require it to add to its asset portfolio to increase production and lower jurisdictional risk. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange … Continue reading

Explorer Wraps Up 'Significant Season' in British Columbia's Golden Triangle

Source: Streetwise Reports 12/13/2018 Canadian gold resource company wraps up 2018 with drill results that extend the mineralization found at its project in British Columbia’s Golden Triangle. Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB), a Canadian gold resource company, completed its 2018 drilling program in British Columbia’s Golden Triangle. Management released an update on December 13 providing the final results from its 2018 drill program at its 100%-held 23,000-hectare Forrest Kerr Gold Project, located in the heart of British Columbia’s Golden Triangle. This follows a series of announcements on November 19, October 16, August 23 and August 9, releasing drill results at the project. Aben Resources had commenced the 2018 drilling program in June, noting the 2018 program will “encompass a 5000-meter diamond drilling program in approximately 18 holes with the potential for program expansion.” The program was subsequently expanded to 10,000 meters. Source: Aben Resources The Forrest Kerr Project is found in yellow in the image above. The initial focus of the 2018 drill program was to “expand the high-grade precious metal mineralization discovered in 2017 at the Boundary North Zone, located near the center of the Forrest Kerr Property.” In early August, Aben announced assays from the first 2018 drill holes. Hole FK18-10, “the first of eight holes that have been drilled thus far, has four separate high-grade zones with the best zone returning and interval of 38.7 g/t Au over 10.0m, including 62.4 g/t Au over 6.0m starting at 114 meters downhole.” August 2018 Forrest Kerr Drilling Highlights Four … Continue reading

Five Companies to Consider in These Volatile Times

Source: Streetwise Reports 12/13/2018 Despite turbulence in the markets, investors should not be pessimistic because there are plenty of good markets to allocate to, posits Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, who discusses trends in the markets and companies he believes are at attractive entry points right now. Streetwise Reports: Oil has been declining over the last two months or so. Would you talk about some of the factors behind this decline? Sam Pelaez: We can split the most interesting factors between, on one hand, the demand side, including the macroeconomy, the Purchasing Managers Indexes (PMIs) and the slowdown in emerging markets and in China. The other would be the supply side. I think it’s a convergence of those two concepts that’s caused some of this most recent weakness. On the demand side, the PMIs are one of the factors we like to look at the most because they give some predictability as to what may come next for resources. The PMI in China particularly has come down all the way to 50 points. The 50 line is the line between expansion and contraction. We are not in a contraction in any of the major economies, but we’ve lost that big tailwind and momentum that we had last year and earlier this year with PMIs in the high-50s. So, naturally, that has a very high correlation with demand for crude and we’re seeing that slowdown on that side. On the supply side, since … Continue reading

U.S. Renewable Energy Solutions Provider Lands Two Contracts

Source: Streetwise Reports 12/13/2018 These new projects represent growing interest in the Philippines for the company’s offerings. UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) announced in a news release it signed two financed contracts with packaging firm Philippine Aquapak Industries Inc. Together, the projects have an upfront value to UGE of about $300,000. UGE is to provide this company in the Philippines with a solution for 233 kilowatts of renewable energy at one of its production facilities and for 49.5 kilowatts at its headquarters. Construction is planned for 2019. According to the news release, these systems should result in a 50% energy cost savings over their lifetime to Philippine Aquapak. “2018 has seen our revenues grow exponentially in the Philippines,” Tyler Adkins, UGE’s regional director for the Philippines, said in the release. “Throughout the year we’ve introduced our ‘no cash-out’ financed product which has gained significant traction. We are looking forward to installing many financed systems in the country throughout 2019.” Read what other experts are saying about: UGE International Ltd. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are sponsors of Streetwise Reports: UGE International. Streetwise Reports does … Continue reading

U.S. Pressure Pumping Company Lowers Q4/18 Revenue Guidance

Source: Streetwise Reports 12/13/2018 A Stifel report explains the reasons behind the guidance revision and shares its 2019 outlook for the oilfield services firm. In a Nov. 30 research note, analyst Stephen Gengaro reported Liberty Oilfield Services Inc. (LBRT:NYSE) lowered its Q4/18 guidance, and Stifel revised its Q4 numbers accordingly. However, he expressed optimism for next year, adding, “We continue to expect improvement in Q1/19. Our 2019–2020 estimates are unchanged.” Gengaro explained that two Liberty customers had chosen to take equipment offline sooner than expected. As a result, the company’s Q4/18 revenue will sequentially decline from previous guidance by about 10%, according to management estimates. That equates to about a mid-single-digit drop. In addition, due to customers delaying planned activity until Q1/19 for budgetary purposes, Liberty’s Q4/18 annualized EBITDA per fleet also is expected to sequentially decrease by about $5–6 million versus the previously guided $3 million. Liberty attributed the Q4/18 weakness to “transitory takeaway issues and year-end budget management concerns,” which Gengaro noted was consistent with Stifel’s expectations. To reflect changes to Liberty’s Q4/18 forecast, Stifel reduced its estimates for Q4/18 earnings per share to $0.33 from $0.43 and Q4/18 EBITDA to $86.3 million from $101.8 million, the analyst pointed out. The investment banking firm, however, left all of its current numbers for 2019 unchanged, given that it expects a “ramp-up in activity throughout the next year on higher budget resets and the resolution of Permian takeaway constraints,” noted Gengaro. Stifel also maintained its Buy rating and $25 per … Continue reading

Five Companies to Consider in These Volatile Times

Source: Streetwise Reports 12/13/2018 Despite turbulence in the markets, investors should not be pessimistic because there are plenty of good markets to allocate to, posits Samuel Pelaez, chief investment officer and portfolio manager with Galileo Global Equity Advisors, who discusses trends in the markets and companies he believes are at attractive entry points right now. Streetwise Reports: Oil has been declining over the last two months or so. Would you talk about some of the factors behind this decline? Sam Pelaez: We can split the most interesting factors between, on one hand, the demand side, including the macroeconomy, the Purchasing Managers Indexes (PMIs) and the slowdown in emerging markets and in China. The other would be the supply side. I think it’s a convergence of those two concepts that’s caused some of this most recent weakness. On the demand side, the PMIs are one of the factors we like to look at the most because they give some predictability as to what may come next for resources. The PMI in China particularly has come down all the way to 50 points. The 50 line is the line between expansion and contraction. We are not in a contraction in any of the major economies, but we’ve lost that big tailwind and momentum that we had last year and earlier this year with PMIs in the high-50s. So, naturally, that has a very high correlation with demand for crude and we’re seeing that slowdown on that side. On the supply side, since … Continue reading

Mackie Analyst Sees Supercharged Revenue Growth for Energy Storage Firm

Source: Streetwise Reports 12/13/2018 Energy storage manufacturer opens up global distribution channels as long-standing partner Mercedes Benz Energy endorses product. This spring, Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB), a small-cap Canadian firm that designs and manufactures grid interactive energy storage solutions based on its proprietary power control technology, received an product endorsement from long-standing partner Mercedes Benz Energy, which has since exited residential energy storage markets to focus on its core automotive battery segment. The company has turned this into a significant advantage. Mercedes had extensively tested Eguana’s technology prior to the endorsement and, upon exiting the marketplace, Eguana recruited and hired their top sales and marketing talent. The net affect was an immediate jump in sales, as well as getting the company positioned as one of three approved equipment providers in the lucrative, subsidized South Australia market. “We believe as quarterly revenue starts to approach and consistently exceed ~$2–3 million, the stock could rapidly rerate.” – Nikhil Thadani, Mackie Research With respect to Mercedes exiting the marketplace, Eguana CEO Justin Holland told Streetwise Reports, “the company received a public endorsement of our technology along with further credibility in the form of a full scale engineering report, access to Mercedes’ distribution channel, and the recruitment and hiring of its sales team in Europe.” Eguana also hired Mercedes Benz Energy’s director of business development for North America, Livio Filice, and within the first 100 days, Holland told Streetwise Reports, “the team brought in over $5 million in new and recurring orders. The … Continue reading

Gold Company Advances Yukon Project with Resource Update, Construction Progress

Source: Streetwise Reports 12/11/2018 The mine remains on schedule for first gold delivery in the second half of 2019. Victoria Gold Corp. (VIT:TSX.V) has recently provided two updates on its Canadian property: one on the Eagle mineral resource and another on construction work at the project. According to a news release, the updated mineral resource at Eagle encompasses results from 58 drill holes and core holes, all done after the 2016 feasibility study (FS). “The additional drilling at Eagle has converted Inferred ounces to Indicated ounces, increased overall Measured and Indicated (M&I) ounces and maintained grade,” President and CEO John McConnell said. Specifically, the new Eagle estimate reflects 450,000, or 12.4%, more M&I gold ounces than specified in the FS. Also, the M&I resource grade is 2.4% higher, consistent with the grade in the prior FS. Resources in the Inferred category grew by 204,631 ounces. As for construction progress at the Eagle mine, it is 60% complete, Victoria Gold reported in a different news release. The target for first gold pour remains H2/19. Regarding individual components of the overall project, earthwork is mostly done. Concrete work, about 93% finished, should be finished by year-end. Structural steel work is 32% complete and moving at a solid pace. “Mechanical contractors have mobilized to site, and equipment is currently being installed in the gold recovery plant and the secondary and tertiary crushing facility,” noted the release. Those facilities are the focus of the current work. “The progress to date is impressive, and we … Continue reading

A Certain Perspective

Source: Michael J. Ballanger for Streetwise Reports 12/11/2018 Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following? “Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves.” While they sound impressive, and while I understand the reason for their construct, I actually take umbrage with the linkage of debt to slavery because slavery is a man-induced condition whereby one man is responsible for the enslavement of another while debt is often (but not always) a choice made by the individual. If that were a paragraph to which I could be allowed to impart my name, I would say “And debt is the money of sloth”, rather than “slave,” where those that opt for debt over savings wind up with an unfavourable outcome, one connoted by the original sin of “sloth.” Ergo, the alteration. . . “Debt is the money of sloth; barter is the money of peasants; silver is the money of gentlemen; but GOLD is the money of kings.” Now that sounds one helluva lot better because it disassociates the unfortunate “slave” from the term “debt” as one may safely assume that the laborers that built the Great Pyramids of Egypt didn’t owe anyone a dime while … Continue reading