Avrupa Closes Financing and Options Portuguese Property

Source: The Gold Report 04/27/2017 Avrupa Minerals, a prospect generator active in Europe, has closed a financing and announced that it has optioned the Alvito project in southern Portugal. Avrupa Minerals Ltd. (AVU:TSX.V, FWB:8AM) announced on April 20 that it had closed a financing via a private placement, raising $225,000 through issuing 2.5 million common shares at $0.09 per share. In an April 11 announcement, the company noted that the proceeds of the offering “will be used for exploration and operations in Kosovo, Portugal, Vancouver and for general and administration costs.” Paul Kuhn, Avrupa’s president & CEO, commented on April 11 that “with our new partner in Portugal funding the Alvito IOCG exploration, and our partner in Kosovo funding a large drill program at the Slivovo gold project, our costs in those locations are low. These new funds will cover costs to advance our other key projects.” The Alvito iron oxide-copper-gold (IOCG) project in southern Portugal was optioned to Australia-based OZ Exploration Pty. Ltd. (OZE), a subsidiary of OZ Minerals Ltd. (OZL:ASX), in an agreement announced on April 10. According to Avrupa, “the agreement allows for OZE to earn up to a total 75% interest in the project by spending AUS $4,000,000 over approximately 2.5 years.” CEO Kuhn noted, “The OZ Minerals exploration team has significant IOCG exploration experience around the world. This is Avrupa’s first IOCG target in Portugal, and we look forward to quickly moving the program ahead.” With previous partners, Avrupa developed a central target area of … Continue reading

Stand on Guard for Thee (Canada)

Source: Michael J. Ballanger for The Gold Report 04/26/2017 The tariff the Trump Administration plans to slap on Canadian lumber imports should lead to a further weakening of the Canadian dollar, a move that precious metals expert Michael Ballanger says can only help the bottom line of Canadian gold producers. Over the past 40 years, the British Columbia lumber business has always taken great glee in plucking the chin hairs out of Uncle Sam’s beard by legislating protection for its markets by way of subsidies and tax credits with political parties catering and pandering to the voting workers in an industry that dominates the provincial workforce ranking second only to agriculture. Each time one of the grey bristles was plucked from that star-spangled beard, the Big Man would flinch and growl and wave his massive arm as if to swat away the irritant but NEVER would Uncle Sam do anything but make noise. Now, with news that the Trump Administration intends to slap a 24% tariff on Canadian lumber exports to the U.S., the first cannonball in the dismantling of NAFTA has sailed across the bows of the Mexican and Canadian frigates moored in the harbor of international trade. The Canadian dollar has been smoked for a 0.65% haircut Tuesday and that trend is NOT going to end any time soon because of the old adage that “there is never only one cockroach”; these U.S. politicians will have a sitting duck target in their northern neighbors because Canada has absolutely … Continue reading

Jack Chan's Weekly Gold and Silver Update: Trends Are Up

Source: Jack Chan for The Gold Report 04/22/2017 Technical analyst Jack Chan charts upward trends in the precious metals markets. Our proprietary cycle indicator is up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for the long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders. The trend is up on gold stocks. The trend is up in gold. The trend is up in silver. Silver is on a long-term buy signal. SLV is on a short-term sell signal, and short-term signals can last for days to weeks, more suitable for traders. SummaryThe precious metals sector is on a major buy signal. The cycle is up. The trends are up. The multimonth correction is complete; I am looking for overall higher prices. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011. Want to read more Gold Report … Continue reading

Dark Star Shining Brightly for Gold Standard Ventures in Nevada

Source: The Gold Report 04/20/2017 Exploration company Gold Standard Ventures has reported multiple results from its Dark Star prospect at its 100%-owned Railroad-Pinon project over the past week and a half. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) has had a busy week with the agreement to acquire Battle Mountain Gold and the release of multiple results from its Railroad-Pinon project. In an April 10 press release, Gold Standard Ventures reported the Dark Star prospect oxide zone had +88% cyanide soluble recoveries. The results “confirm the consistently oxidized nature of gold mineralization within the Main Dark Star and North Dark Star gold zones.” Gold Standard Venture’s metallurgical consultant Gary Simmons will now “proceed with the definition of composites for bottle roll and column leach tests.” ROTH Capital Partners, PI Financial and Gold Speculator released positive reviews of the Dark Star results. ROTH Capital analyst Joe Reagor explained in an April 12 note that a combined PEA on Pinon and Dark Star deposits is probably next after the “well above our modeling assumption of an average recovery rate of 82% cyanide soluble” was reported. “We believe our estimates could prove conservative when GSV provides initial project economics. As a result of the strong recovery data for Dark Star, we are increasing our price target from $3.10 to $3.25. . .reiterating our buy rating,” Reagor concluded. Brian Szeto with PI Financial, in an April 12 Corporate Update, reviewed the Dark Star results as a positive, pointing out that “the project can be mined … Continue reading

Red Eagle Declares Commercial Production at San Ramon

Source: The Gold Report 04/20/2017 Commercial production was declared at Red Eagle Resources’ San Ramon mine in Colombia, nearly five months after announcing the first gold pour. On April 10, Red Eagle Mining Corp. (R:TSX; RDEMF:OTCQX; R:BVL) announced that it declared commercial production at its San Ramon mine in Antioquia, Colombia, on March 31. The company reported that “the processing facility has reached a steady operating throughput capability and underground mining is progressing at an increasing rate with the opening up of additional ore development headings.” The company is advancing the decline at the rate of up to 27 meters a day, an increase from an earlier rate of 3 meters a day when the decline was going through less-stable oxidized rock. The decline is now 2.4 kilometers long. Gwen Preston of Resource Maven noted on April 12 that “the mine and mill are regularly achieving design rates, something that takes a lot more engineering, ingenuity, and dedication that most might realize.” Preston observed that a “few ground conditions concerns have arisen, enough to slow mining and prompt a switch to mechanized cut and fill instead of long hole stoping. That’s not ideal from a speed and cost perspective, which is why Red Eagle is forecasting 35,000 to 40,000 oz. gold this year, down from earlier expectations. . .the company expects to ramp up the pace and produce the targeted 70,000 oz. in 2018.” “At this point Red Eagle thinks San Ramon will be cash flow positive in the second … Continue reading

Confusion Reigns. . .

Source: Michael J. Ballanger for The Gold Report 04/19/2017 Precious metals expert Michael Ballanger analyzes recent movements in the gold sector. A few days ago, I postulated that despite the seasonal weakness most were anticipating in May and despite the sharp increase in Commercial shorting that was still below 2016 levels, the precious metals would buck conventional wisdom and advance further into even greater degrees of overbought status. On Tuesday morning, after watching 22,000 contracts in June Gold completely wipe out every bid down to $1,280.60, causing a sympathetic crash in silver down to $18.06, I was not only ready to break out the infamous Louisville Slugger, but also my wonderful dog Fido went screaming out of the house in obvious expectation of the arrival of an MJB tirade and temper tantrum. Actually, Fido was well guided in assuming a Ballangerian response to the blatant intervention of the bullion banks, which was almost a “given” after the pre-Good-Friday COT report that showed the Commercials now at the highest aggregate short position in gold for 2017 and one of the highest ever in aggregate silver shorts EVER. The Cartel cretins waited until all of the technical funds were “in” after chasing the gold “breakout” above $1,260 and a similar silver “breakout” above $18.50 until they sensed the slightest hint of weakness at which point they descended upon the Crimex trading pits like sharks in a frenzy. However, despite the pounding, gold battled back into the green and was back above $1,290, … Continue reading

Global Yields Worth Holding

Source: Adrian Day for The Gold Report 04/19/2017 Money manager Adrian Day reviews some of the companies in his portfolio, including some global companies with yields up to 7.5%. Loews Corp. (L:NYSE, 46.09) has finally made a long-awaited new acquisition, spending $1.2 billion of its $5 billion cash hoard to buy Consolidated Container Company, a plastic packaging manufacturer. If not exactly exciting, the company meets Loews’ acquisition criteria as set out by CEO James Tisch: it is in a fragmented industry offering opportunities for further acquisitions, it has strong cash flows and is unlikely to be subject to major technological disruption. The acquisition also diversifies Loews’ portfolio into a relatively stable area to help offset the volatile oil and gas sectors. Loews, trading at a 14% discount to its Net Asset Value, with upside potential from its oil and gas as well as more steady cash flows from its hotels and insurance units, and a still rock-solid balance sheet, remains a long-term holding. Given the discount is well below historical average, we would look for a wider NAV discount to step up buying. High yields from around the world Hutchison Port Holdings Trust (HPHT:Singapore), US$0.40) reported a 15% decline in profits on a 6% decline in throughput for 2016, in line with expectations. But the company lowered dividend guidance for this year, for an implied yield of 7.5%. The trust is under pressure from macro issues, including shipping alliance rationalization leading to pricing pressures, sluggish global trade and pressures on … Continue reading

The Letter I Wrote George Soros About Gold

Source: Lior Gantz for The Gold Report 04/17/2017 Gold is breaking out due to geopolitical concerns and continued conditions of negative real interest rates, says Lior Gantz, editor of Wealth Research Group. On technical aspects, gold is at a five-month high and surged above its 200-day moving average for the first time since November 2016. For four months, we’ve been researching some of the most advanced strategies to own gold, as we want to store wealth, but also grow it. This led us to a provocative idea of finding a pure money holder. When we realized that such a company exists, we took a position ourselves and drafted this letter to legendary speculator George Soros. We wrote to him: Mr. Soros, Your guys ought to set up a meeting with this CEO. You’ll get a schooling in the proper way to advance a junior mining company, and your people might learn that the new generation of resource entrepreneurs are actually value investors and genuine business builders, like yourself. Studying 40 years of your investment history, we saw that your Quantum fund achieved its best results during the 1970s, when gold was breaking out, the Fed was raising rates, and real inflation was negative to zero. Since this is much like today’s economic condition, it would be to your benefit to keep an open mind and sink your teeth into this deal. Here are our bullet points for you: 1. This CEO also heads one of the only companies in the … Continue reading

Jack Chan's Weekly Gold and Silver Update: The Correction Is Over

Source: Jack Chan for The Gold Report 04/15/2017 Technical analyst Jack Chan charts the completion of the gold market’s long correction. Our proprietary cycle indicator is now up. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders. A breakout is confirmed this week, suggesting that the multimonth correction since last summer is now complete. Speculative sentiment, according to current open interests, is supportive for overall higher prices. Silver is on a long-term buy signal. SLV is on a short-term buy signal, and short-term signals can last for days to weeks, more suitable for traders. Speculative sentiment, according to open interests, is supportive for overall higher prices. SummaryThe precious metals sector is on major buy signal. The cycle is up. The multimonth correction is complete; looking for overall higher prices. Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock … Continue reading

DNI Delivers Profitable Graphite

Source: Bob Moriarty for The Gold Report 04/13/2017 For Bob Moriarty of 321 Gold, the boom in demand for lithium ion batteries also means a boom in demand for graphite, and he is placing his bets on a junior he believes has nothing but blue sky ahead. A lithium ion battery is no more lithium than 6 k gold is really gold. Regulations require gold be the major component of jewelry to be called gold. 6 k gold is really copper and silver, not gold. Same same with batteries, a lithium battery increases the demand for graphite a lot more than it does for lithium. What is called a lithium ion battery contains 10–20 times more graphite than lithium. So a boom in lithium battery requirement is really a boom in graphite demand. Maybe we should start calling them graphite batteries with a little bit of lithium? But both the demand and price of graphite have shot up in recent years with the increase in demand for battery storage. A couple of years ago there were probably seventy-five Canadian juniors all claiming to be the next big thing in graphite. Alas, cold hard economics stopped most of them in their tracks. Canada has some great hard rock graphite projects but they all require a lot of money to get into production. With China being the world’s biggest supplier of graphite, they are quite willing to dump graphite at a moment’s notice. Those who fund mining projects want stable prices more … Continue reading