Gold Firm Inaugurates New Assay Laboratory in Fiji

Source: Streetwise Reports 08/07/2019 The facility will support the company’s existing gold project there and its exploration efforts nearby. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it began commissioning its newly constructed geochemical assay and metallurgical laboratory at its headquarters on the island of Viti Levu in Fiji. The facility is only 1 kilometer away from the Nadi International Airport. The Canadian exploration and development company will use the lab in its exploration, resource definition and development activities at both its Tuvutu gold project and in its surrounding concessions in the Navilawa Caldera. The center is equipped for conducting gold analysis through fire assays with atomic absorption spectrometry finish, geochemical testing and assaying of various other elements via inductively coupled plasma optical emission spectrometry and metallurgical optimization test work, including flotation and leaching. When fully operational, the lab will be able to process 400 samples a day. Because Fiji lacks a commercial lab for geochemical and metallurgical analysis, Lion One intends to get its new facility internationally certified for commercial operations to serve other local industries. Lion One is planning a grand opening celebration for its new lab. Read what other experts are saying about: Lion One Metals Ltd. Sign up for our FREE newsletter at: 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 … Continue reading

Terraco Gold Update and Introduction to Sailfish Royalty

Source: Clive Maund for Streetwise Reports 08/07/2019 Technical analyst Clive Maund describes how the takeover deal has and will affect stock prices for both companies. Our assessment of Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) in prior updates was that it was undervalued and a takeover candidate, an assessment that has since been proven correct as it is merging with Sailfish Royalty Corp. (FISH:TSX.V; OTC:SROYF), to the advantage of the shareholders of both companies. When the deal is completed, probably later this month, Terraco shareholders will receive an appropriate quantity of Sailfish shares in place of their current holdings, and the company will trade under the Sailfish name. In addition, Terraco shareholders will have the advantage that they will have a stake in a company with a more diverse range of assets and less risk. The reason for this update, in addition to commenting on the merger, is to point out that, even though the merger is imminent, there appears to be more immediate mileage in Terraco shares, which from their current position could quickly tack on another $0.04 or so, perhaps more, before the merger is completed. This makes them of immediate interest to speculators. On the latest 6-month chart for Terraco we can see how it spiked to $0.13 in June on news of the merger, and has since run off sideways in an increasingly tight consolidation pattern—a bullish ascending triangle that has allowed its earlier overbought condition to unwind. This triangular pattern has been accompanied by an exceptionally bullish … Continue reading

Target Raised on Explorer; Val d'Or Project Is 'Gift That Keeps on Giving'

Source: Streetwise Reports 08/07/2019 The latest drill results are delivered and interpreted in an iA Securities report. In an Aug. 1 research note, analyst George Topping reported that iA Securities raised its target price on Wesdome Gold Mines Ltd. (WDO:TSX) to CA$7.50 per share from CA$7 because definition drilling in the Kiena project’s Deep A zone “continues to yield excellent results.” The current share price is around CA$7.08. At the same time, however, iA Securities downgraded the gold company to Buy from Strong Buy “due to recent rapid share price appreciation,” wrote Topping. The analyst reviewed the recently released drill results from Wesdome’s currently closed mine and mill project in Val d’Or, Quebec. Generally, Topping concluded, Kiena drilling continues to return highly economic widths and grades and remains open.” With its Eagle mine covering exploration costs, the gold company “is advancing Kiena to one of the cheapest, quickest restarts available in the industry.” Topping added that iA Securities expects exploration to result in an estimated 1 million ounces of 8.5 g/t gold before Wesdome restarts Kiena, and that resource could support annual production of about 100,000 ounces, expanding to 170,000 ounces per year as exploration efforts progress. As for the new results specifically, drilling in the Deep A zone, for one, showed continuation of mineralization for 700 meters (700m) along plunge. Two, drilling in the zone returned high grades. Hole 6456, for example, returned “an impressive” 28 grams per ton (28 g/t) gold cut over 14m true width, Topping highlighted. … Continue reading

Miner Sees Potential in Historical Canadian Site

Source: Maurice Jackson for Streetwise Reports 08/05/2019 In an interview with Maurice Jackson of Proven and Probable, executives from this prospect generator exploring in Ontario outline their work on a new project. Maurice Jackson: Welcome to Proven and Probable, where we provide mining insights in bullion sales. Joining us for a conversation is Dr. John-Mark Staude and special guest Freeman Smith of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), where knowledge is golden. Gentlemen, welcome to the show. Dr. Staude, before we delve into today’s interview, please introduce us to Riverside Resources and the opportunity you present to the market. John-Mark S.: Riverside’s a prospect generator. With this news, we’re showing how we’re doing work in Canada. We generate projects and have joint-venture partnerships—for example, the work we’re doing with BHP Billiton Ltd. (BHP:NYSE; BHPLF:OTCPK)—which expose our shareholders to multiple commodities, particularly gold, and the upside without having all the dilution because we use the joint-venture prospect-generator model. Maurice J.: Earlier this year you shared the vision for Riverside Resources for 2019, and it was the five Cs. Please reintroduce the five Cs as they are germane to today’s discussion. John-Mark S.: One of the key Cs was Canada. Another one was copper, which we deliver with BHP. [Another] was the work on Cecilia, where we’ve had results. But for us the key thing right now with Canada is the news about the new discoveries and the growth we’re doing there. That C is really the big C we’re so excited about … Continue reading

Recent Bonanza-Grade Gold Intercepts Mean These Companies Could Explode Higher Very Soon

Source: Brian Nibley for Streetwise Reports 08/05/2019 Hitting bonanza grades during a gold bull means good things for investors. GoldStockBull subscribers know that gold mining stocks have done quite well in recent months. But companies that have recently found bonanza-grade gold have upside potential above and beyond that of their peers. 2019 is proving to be a great year for gold. As COMEX Gold consolidates above $1,400 and now even $1,450, it’s clear that the six-year bear market has come to an end. In fact, when measured against some fiat currencies, including the Australian dollar (AUD), gold has even reached all-time record highs! What about gold mining stocks that offer significant leverage at times like these? In this article, we look at two gold mining companies that have recently discovered “bonanza-grade gold intercepts.” What does that mean? Bonanza Grade Gold Definition As an investor, it’s crucial to keep an eye out for the latest news about the companies you hold shares in. Most trading platforms make this easy by showing links to the latest press releases put out by companies in your portfolio. But there’s a problem. The press releases of mining companies often contain industrial jargon that investors may not understand. One example is the term “bonanza-grade gold.” Grade refers to the extent of mineralization of a deposit of metal ore. The higher the grade, the more gold there is inside a smaller space of rock. Miners want large deposits of higher-grade ore because it makes their operations more … Continue reading

'Top Performer in the Precious Metals Space' Continues Run

Source: Streetwise Reports 08/04/2019 Key Q2/19 financial metrics and upcoming catalysts are covered in a ROTH Capital Partners report. In a July 31 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) “delivered another strong quarter” in Q2/19. “Kirkland Lake has been a top performer in the precious metals space over the last year.” Sekelsky presented the financial highlights from the quarter. Kirkland Lake’s Q2/19 revenue was $281.3 million, above ROTH’s forecast of $273.5 million. He attributed this to low costs at Fosterville and Macassa. Yet, the miner’s earnings per share in Q2/19 was a miss, reportedly $0.50 versus ROTH’s estimate of $0.56. The cause was higher-than-expected costs at the Holt complex in H1/19 of $906 per ounce, a lot higher than what ROTH anticipated, which was $675, and higher than guidance of $660–680 per ounce. However, ROTH expects costs at Holt “should moderate in H2/19 as the production profile improves, resulting in potentially lower unit costs,” noted Sekelsky. The primary catalyst for Kirkland Lake in H2/19, Sekelsky purported, will be its aggressive exploration programs at Macassa and the company’s Australian assets. A less obvious, potentially positive catalyst over the medium term is activities taking place at Kirkland Lake’s Northern Territory assets. For one, the company spent $49.6 million on advanced exploration work and underground development in the Northern Territory in H1/19. Two, it processed 32,000 tons through a bulk sampling program. Given those two factors, “we believe a positive restart decision in … Continue reading

Southern Silver Exploration: Making Excellent Progress at Cerro Las Minitas

Source: Thibaut Lepouttre for Streetwise Reports 08/03/2019 Thibaut Lepouttre of the Caesar’s Report has combed through the data, done the math and provides this assessment on the mining firm. Introduction Southern Silver Exploration Corp. (SSV:TSX.V; SSVFF:OTCQB; SEG1:FSE) has kept its promises and provided an updated resource estimate on its 40%-owned flagship Cerro Las Minitas (CLM; polymetallic) project in the second quarter of the year. We have combed through the technical report of the resource update and combined this with the previously reported results of the metallurgical test work on the different types of mineralization at CLM to build some sort of (very) preliminary economic model to check how the recent resource updates and more fine-tuned metallurgical test work has impacted the net present value (NPV) of the project. All our calculations are based on what we think are reasonable assumptions, but keep in mind they are for educational purposes only and should definitely not be interpreted as Southern Silver’s official guidance or expectations. The official preliminary economic assessment (PEA), expected to be published in late 2020, is the document that will really matter. The pre-summer resource update was excellent Southern Silver was able to update its resource estimate at the Cerro Las Minitas project right before the summer after completing an additional 10,157 meters of drilling. These additional meters added a lot of value as the indicated resource increased to almost 134 million ounces (134 Moz) silver equivalent (Ag eq) (consisting of 37.5 Moz silver, 35,000 ounces gold, 303 million … Continue reading

Gold Miner Achieves 'Strong' Q2/19 Results, Increases Oxide Guidance

Source: Streetwise Reports 08/01/2019 Production, costs, guidance and financials of this miner are reviewed in this CIBC report. In a July 30 research note, CIBC analyst Cosmos Chiu reported that Alacer Gold Corp.’s (ASR:TSX; ALACF:OTMKTS; AQG:ASX) “Q2/19 results included solid production and better-than-expected sales that drove an earnings per share beat.” Chiu reviewed Alacer’s production and related cost during Q2/19. The company produced 99,500 ounces (99.5 Koz), above CIBC’s forecasted 98.1 Koz. The all-in sustaining cost (AISC) was also better than expected, coming in at $669 per ounce versus CIBC’s $743 per ounce estimate. Production for all of H1/19 totaled 95 Koz, on the lower end of full-year guidance of 90–110 Koz. Consequently, Alacer increased oxide production guidance for the year to 125–145 Koz at an AISC of $650–700 per ounce, down from previous cost guidance of $700–750 an ounce. The Çöpler sulfide oxide plant, currently being ramped up, outperformed in Q2/19, delivering 57 Koz, a 53% quarter-over-quarter increase. Year-to-date production at Çöpler was 94 Koz, against full-year 2019 guidance of 230–270 Koz. The plant remains on track to meet the lower end of that range. “We currently model 229 Koz production from the sulfides in 2019, at an AISC of $622 per ounce,” Chiu commented. As for Alacer’s Q2/19 financials, Chiu noted, adjusted EPS of $0.08 exceeded CIBC’s $0.04 forecast and consensus’ $0.03 projection, primarily due to higher-than-expected sales from the Çöpler sulfide plant. Cash flow per share also was a beat at $0.13 versus CIBC and consensus’ $0.11 … Continue reading

Golden Arrow Resources Sells 25% Interest in Puna Operations to SSR Mining for $44.4M

Source: The Critical Investor for Streetwise Reports 07/29/2019 The Critical Investor looks beyond the headlines to analyze the factors behind the company’s sale of its JV share to its partner. Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) surprised the markets with its sale of its 25% interest in Puna Operations to majority JV partner SSR Mining Inc. (SSRM:NASDAQ), right at a time where precious metals seemed to have left a bear market behind them. The Puna operation just ramped up to full production a quarter ago, and it seemed only a matter of time for high opex to come down, as a new mine always has to fine tune things. When costs would have been normalized, Puna could finally start to bring in cash for Golden Arrow, to finance its exploration efforts. It never got that far, unfortunately. Instead of the pre-feasibility study (PFS) opex of US$9.75/oz Ag, cash costs were hovering around the price of silver itself for a long time (US$14–17/oz Ag), and last quarter (first quarter of commercial production) the All-In Sustaining Costs (AISC) even went beyond that (US$19.76/oz Ag) despite cash cost coming down to US$9.94/oz Ag. These high costs led to an operation making losses, and SSR Mining didn’t hesitate to make cash calls to Golden Arrow, to pay up for its share of losses. This was something I didn’t anticipate, more on this later. First of all, let’s have a look at the deal. These are the highlights per the news release of July … Continue reading

Discovery at Abitibi Project 'Indicative of Tier 1 Potential'

Source: Streetwise Reports 07/28/2019 A description of this minerals firm’s findings and their implication are provided in a Haywood report. In a July 23 research note, Haywood analyst Mick Carew reported that Osisko Mining Inc. (OSK:TSX) hit upon what it is calling Triple Lynx, four zones of gold mineralization between the Triple 8 discovery and the main Lynx corridor at its Windfall Lake project. Carew depicted Osisko’s discovery. The new zones, he wrote, occur in a mineralized corridor at a depth of 650–980 meters (650–980m) below the main Lynx deposit. They continue downplunge beyond the scope of current drilling at the project. Highlight drill hole OSK-W-17-1272 returned 12.1m grading 47.8 grams per ton (47.8 g/t) gold from a downhole depth of 858.4m, including 6.7m grading 63.5 g/t gold. The gold mineralization encountered at Triple Lynx is characteristically similar to that of the upper Lynx deposit, according to Osisko. Both Triple 8 and Triple Lynx, which remain open in all directions, require further drilling to determine the relationship, if any, between them. Osisko, Carew relayed, after hitting these new zones of mineralization, decided to add another 200,000m to its drill program at Windfall, taking it to 1,000,000m. Carew concluded that “today’s results provide further support of our assumptions on the expansion potential of Windfall at depth. We await the results from further drilling.” Haywood has a Buy rating and a CA$4.50 per share target price on Osisko Mining, whose stock is currently trading at around CA$3.67 per share. Sign up for … Continue reading