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2024.05.15 01:22 GloomyEnvironment879 Will i be considered a well rounded student even if i don’t have APs?
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2024.05.15 00:34 Then_Marionberry_259 MAY 14, 2024 MAG.TO MAG SILVER ANNOUNCES FILING OF PRELIMINARY BASE SHELF PROSPECTUS
https://preview.redd.it/ewdch4gfyg0d1.png?width=3500&format=png&auto=webp&s=bdb85e04b88e1bbd42126fb5e9735bf516c11189 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “ Company ”) today announced that it has filed a preliminary short form base shelf prospectus (the “ Preliminary Shelf Prospectus ”) with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 will be filed with the United States Securities and Exchange Commission (the “ SEC ”) under the United States Securities Act of 1933 , as amended and the U.S./Canada Multijurisdictional Disclosure System (the “ Registration Statement ”) at the time of filing of the final short form base shelf prospectus (the “ Final Shelf Prospectus ” and, together with the Preliminary Shelf Prospectus, the “ Prospectus ”). Upon the issuance of a receipt for the Final Shelf Prospectus and the filing of the Registration Statement with the SEC, the Company will be permitted to offer up to U.S.$250 million of common shares, preferred shares, debt securities, subscription receipts, units and warrants or any combination thereof (collectively, the “ Securities ”) during the 25-month period that the Prospectus is effective. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in a shelf prospectus supplement. Securities may be offered under the Prospectus (and corresponding Registration Statement) separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and as set forth in an applicable prospectus supplement. No Securities may be sold, nor may offers to buy be accepted, prior to the time a receipt for the Final Shelf Prospectus has been issued and the Registration Statement has been filed with the SEC. Copies of the Preliminary Shelf Prospectus may be obtained on request without charge from the Company at 770 – 800 West Pender Street, Vancouver, British Columbia, Canada V6C 2V6, telephone (604) 630-1399 and can be found under the Company’s SEDAR+ profile at www.sedarplus.com This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About MAG Silver Corp. MAG Silver Corp. is a growth-oriented Canadian exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is emerging as a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where in addition to underground mine production and processing of high-grade mineralised material, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada. Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management. Cautionary Note Regarding Forward-Looking Statements This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “ forward-looking statements ”). Forward-looking statements in this news release include, but are not limited to: the filing of and receipt of the Final Shelf Prospectus and the filing of the corresponding Registration Statement; the filing and effectiveness of any potential prospectus supplement; the Company undertaking any offering of Securities under the Final Shelf Prospectus and corresponding Registration Statement, including the amount and terms of any Securities to be offered; the use of proceeds of any offering of Securities. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements identified herein include, but are not limited to, changes in applicable laws, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including those risks disclosed in MAG Silver’s filings with the SEC and Canadian securities regulators. All forward-looking statements contained herein are made as at the date hereof and MAG Silver undertakes no obligation to update the forward-looking statements contained herein. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements. The annual information form of the Company dated March 27, 2024 and other documents filed by it from time to time with securities regulatory authorities describe in greater detail the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available under our profile on SEDAR+ at www.sedarplus.ca . Please Note: Investors are urged to consider closely the disclosures in MAG’s annual and quarterly reports and other public filings, accessible through the Internet at www.sedarplus.ca and www.sec.gov . LEI: 254900LGL904N7F3EL14 For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, Vice President, Investor Relations and Communications Phone: (604) 630-1399 Toll Free: (866) 630-1399 Email: info@magsilver.comhttps://preview.redd.it/zh5o0xifyg0d1.jpg?width=66&format=pjpg&auto=webp&s=b0a1a98ffbebcb669d980893901066f17ad20ec1 https://preview.redd.it/76oanrjfyg0d1.png?width=4000&format=png&auto=webp&s=4a227748f25de0452997b28745456d6c186f40b5
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2024.05.15 00:17 PyroIsSpai Are UFOs impacted by energies and gravitational anomalies generated by fault lines? A few new clues and questions from a claimed UFO Program leaker on a similar subreddit.
"The craft use a system that originally befuddled generations of researchers, but it's essentially a 3D dijkstra algorithm. It finds points around the craft, and chooses the most efficient possible route through space time to get to that point. Some of the parameters it uses to gauge efficiency are totally unknown to us and are a serious point of contention. It's not autonomy, but rather obstacle avoidance not unlike what you would see in a self-driving car. But, the self driving car could go through air, space and water without worrying about what medium its in. Additionally, the algo accounts for the crafts place in time."And then this surprising sentence shortly after:
"Although the algo is extremely effective, Nuclear explosions and experiments somehow interfere with this navigation. Craft particularly avoid Diablo Canyon, even if we put something they really want there."So, this Dijkstra's algorithm and Diablo Canyon.
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2024.05.14 19:52 Temporary_Noise_4014 Element79 Gold Corp Completes Maverick Springs Option Deal (CSE:ELEM, OTC:ELMGF)
https://preview.redd.it/g3749b94kf0d1.png?width=461&format=png&auto=webp&s=a9b9096aaff750ac6f4a4541c2c552acaffad4d2 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has successfully concluded the Binding Option Agreement with Sun Silver Limited, resulting in the transfer of ownership of the Maverick Springs Project to Sun Silver. This achievement marks a significant step in Element79 Gold Corp.’s ongoing strategy to enhance shareholder value through judicious asset management and partnerships. https://preview.redd.it/zk34dwj5kf0d1.jpg?width=982&format=pjpg&auto=webp&s=bd001130b89e4f1d54f1a50f0ed0d830d82dfdef About Element79 Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS), a mining entity focused on gold and silver, is strategically positioning itself for significant operational advancements. The company is on track to recommence production at its Lucero project in Arequipa, Peru, targeting a restart by 2024. Lucero, known for its high-grade deposits, stands as a cornerstone in Element79 Gold’s portfolio. In addition to its developments in Peru, Element79 Gold holds an impressive suite of assets along the Battle Mountain trend in Nevada. This includes the promising Clover and West Whistler projects, which show potential for rapid resource development. Notably, three properties within this portfolio are poised for sale to Valdo Minerals Ltd., with the transaction expected to be finalized in the first half of 2024. Expanding its geographical footprint, Element79 Gold is also making strides in British Columbia. The company has initiated a drilling program and signed a Letter of Intent to acquire a private company holding an option for 100% interest in the Snowbird High-Grade Gold Project. This project comprises 10 mineral claims located strategically near Fort St. James, reinforcing the company’s asset base in central British Columbia. Further enhancing its asset management strategy, Element79 Gold has moved its Dale Property, located approximately 100 km southwest of Timmins, Ontario, into a spin-out process through its wholly owned subsidiary, Synergy Metals Corp. This strategic realignment is aimed at maximizing shareholder value through efficient asset utilization and focused corporate structuring. https://preview.redd.it/322fq3b6kf0d1.jpg?width=982&format=pjpg&auto=webp&s=44a5d444b3a9b38587cdc29df877f32629682c9b Highlights of Element79 Gold’s Strategic Developments Since its acquisition in 2021, Element79 Gold has diligently advanced the Maverick Springs project, culminating in an updated 43-101 compliant inferred resource estimation of 3.71 million ounces of gold equivalent (AuEq). In pursuit of strategic partnerships to further develop Maverick Springs, Element79 Gold’s management successfully negotiated and entered into a Binding Option Agreement with Sun Silver in August 2023. This pivotal move aligns with the company’s strategic focus on the high-grade Lucero Project in Peru, which boasts near-term production potential. The transaction with Sun Silver not only shifts the company’s focus but also realizes significant value for Maverick Springs. Originally acquired and carried at CAD $3.337 million, the project was sold for CAD $5.033 million, reflecting an impressive return on investment of 51% within 28 months. The sale generated substantial financial gains for Element79 Gold, amounting to CAD $4,400,000 in cash and 3,500,000 ordinary shares in Sun Silver, valued at AUD $0.20 per share (fair market value of AUD $700,000). These shares are anticipated to be listed on the Australian Stock Exchange around May 15, 2024. A portion of the proceeds, CAD $2,200,000, will be allocated to settle the loan tied to the Waterton Contingent Value Rights Agreement. The remaining funds will be strategically used to further the development of other corporate projects and operations, reducing both capital debt and accounts payable. This strategic financial management underscores Element79 Gold’s commitment to optimizing its asset portfolio and enhancing shareholder value in the competitive mining sector. Key Financial Highlights
James Tworek, CEO of Element 79 Gold Corp https://preview.redd.it/1o7n5p47kf0d1.jpg?width=982&format=pjpg&auto=webp&s=bf1a435e163dc9358b2f0169f1dff88449df0129 Collaboration with Artisanal Miners at Element79 Gold Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has actively engaged with local artisanal miners in Lomas Doradas to promote sustainable mining practices and community collaboration. In April, the company’s community relations team organized a significant meeting aimed at enhancing mutual support and establishing a formal collaboration for mineral extraction and ore sale processes. During this meeting, Element79 Gold presented draft contracts proposing 10-year surface access rights for exploration at the Lucero mine site, alongside similar access for local miners in designated areas. These agreements were intended to unify efforts and optimize ore market pricing, with the goal of creating mutual economic benefits. A critical follow-up meeting was held in Chachas on April 28th, where the community voted on these initiatives. This gathering aimed to solidify the partnership between Element79 Gold and the artisanal miners, moving towards formalizing their cooperative relationship and ensuring continued updates on the initiative’s progress. Conclusion Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) is exemplifying strategic acumen and operational dexterity across its diverse portfolio. By actively managing its assets from the Lucero project in Peru to strategic ventures across Nevada and British Columbia, the company is effectively balancing exploration potential with financial stability. The successful negotiation and sale of the Maverick Springs project, alongside collaborative engagements like those with the artisanal miners of Lomas Doradas, highlight Element79 Gold’s commitment to ethical practices and community involvement. |
2024.05.14 19:51 Temporary_Noise_4014 Element79 Gold Corp Completes Maverick Springs Option Deal (CSE:ELEM, OTC:ELMGF)
https://preview.redd.it/qknmstvzjf0d1.png?width=461&format=png&auto=webp&s=872e04eb5aa581fbc118aa2994b42f1b83897ab6 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has successfully concluded the Binding Option Agreement with Sun Silver Limited, resulting in the transfer of ownership of the Maverick Springs Project to Sun Silver. This achievement marks a significant step in Element79 Gold Corp.’s ongoing strategy to enhance shareholder value through judicious asset management and partnerships. https://preview.redd.it/2n4bw4t0kf0d1.jpg?width=982&format=pjpg&auto=webp&s=2501656741a0c3aa623bce4df97e7802011f7266 About Element79 Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS), a mining entity focused on gold and silver, is strategically positioning itself for significant operational advancements. The company is on track to recommence production at its Lucero project in Arequipa, Peru, targeting a restart by 2024. Lucero, known for its high-grade deposits, stands as a cornerstone in Element79 Gold’s portfolio. In addition to its developments in Peru, Element79 Gold holds an impressive suite of assets along the Battle Mountain trend in Nevada. This includes the promising Clover and West Whistler projects, which show potential for rapid resource development. Notably, three properties within this portfolio are poised for sale to Valdo Minerals Ltd., with the transaction expected to be finalized in the first half of 2024. Expanding its geographical footprint, Element79 Gold is also making strides in British Columbia. The company has initiated a drilling program and signed a Letter of Intent to acquire a private company holding an option for 100% interest in the Snowbird High-Grade Gold Project. This project comprises 10 mineral claims located strategically near Fort St. James, reinforcing the company’s asset base in central British Columbia. Further enhancing its asset management strategy, Element79 Gold has moved its Dale Property, located approximately 100 km southwest of Timmins, Ontario, into a spin-out process through its wholly owned subsidiary, Synergy Metals Corp. This strategic realignment is aimed at maximizing shareholder value through efficient asset utilization and focused corporate structuring. https://preview.redd.it/2sulatf1kf0d1.jpg?width=982&format=pjpg&auto=webp&s=c805e2fdb4c741ce5fb84fe905df119c89514b14 Highlights of Element79 Gold’s Strategic Developments Since its acquisition in 2021, Element79 Gold has diligently advanced the Maverick Springs project, culminating in an updated 43-101 compliant inferred resource estimation of 3.71 million ounces of gold equivalent (AuEq). In pursuit of strategic partnerships to further develop Maverick Springs, Element79 Gold’s management successfully negotiated and entered into a Binding Option Agreement with Sun Silver in August 2023. This pivotal move aligns with the company’s strategic focus on the high-grade Lucero Project in Peru, which boasts near-term production potential. The transaction with Sun Silver not only shifts the company’s focus but also realizes significant value for Maverick Springs. Originally acquired and carried at CAD $3.337 million, the project was sold for CAD $5.033 million, reflecting an impressive return on investment of 51% within 28 months. The sale generated substantial financial gains for Element79 Gold, amounting to CAD $4,400,000 in cash and 3,500,000 ordinary shares in Sun Silver, valued at AUD $0.20 per share (fair market value of AUD $700,000). These shares are anticipated to be listed on the Australian Stock Exchange around May 15, 2024. A portion of the proceeds, CAD $2,200,000, will be allocated to settle the loan tied to the Waterton Contingent Value Rights Agreement. The remaining funds will be strategically used to further the development of other corporate projects and operations, reducing both capital debt and accounts payable. This strategic financial management underscores Element79 Gold’s commitment to optimizing its asset portfolio and enhancing shareholder value in the competitive mining sector. Key Financial Highlights
James Tworek, CEO of Element 79 Gold Corp https://preview.redd.it/bfpdqn62kf0d1.jpg?width=982&format=pjpg&auto=webp&s=778ec66c0d2209ca193960cfbd82f2ec95bc0849 Collaboration with Artisanal Miners at Element79 Gold Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has actively engaged with local artisanal miners in Lomas Doradas to promote sustainable mining practices and community collaboration. In April, the company’s community relations team organized a significant meeting aimed at enhancing mutual support and establishing a formal collaboration for mineral extraction and ore sale processes. During this meeting, Element79 Gold presented draft contracts proposing 10-year surface access rights for exploration at the Lucero mine site, alongside similar access for local miners in designated areas. These agreements were intended to unify efforts and optimize ore market pricing, with the goal of creating mutual economic benefits. A critical follow-up meeting was held in Chachas on April 28th, where the community voted on these initiatives. This gathering aimed to solidify the partnership between Element79 Gold and the artisanal miners, moving towards formalizing their cooperative relationship and ensuring continued updates on the initiative’s progress. Conclusion Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) is exemplifying strategic acumen and operational dexterity across its diverse portfolio. By actively managing its assets from the Lucero project in Peru to strategic ventures across Nevada and British Columbia, the company is effectively balancing exploration potential with financial stability. The successful negotiation and sale of the Maverick Springs project, alongside collaborative engagements like those with the artisanal miners of Lomas Doradas, highlight Element79 Gold’s commitment to ethical practices and community involvement. |
2024.05.14 19:51 Temporary_Noise_4014 Element79 Gold Corp Completes Maverick Springs Option Deal (CSE:ELEM, OTC:ELMGF)
https://preview.redd.it/vw9ohgfvjf0d1.png?width=461&format=png&auto=webp&s=768843900362e2045e42e0b7c315efbb6ba80991 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has successfully concluded the Binding Option Agreement with Sun Silver Limited, resulting in the transfer of ownership of the Maverick Springs Project to Sun Silver. This achievement marks a significant step in Element79 Gold Corp.’s ongoing strategy to enhance shareholder value through judicious asset management and partnerships. https://preview.redd.it/8vwq5cfwjf0d1.jpg?width=982&format=pjpg&auto=webp&s=41130fe0637a273a353f07f8915baeb40263edb4 About Element79 Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS), a mining entity focused on gold and silver, is strategically positioning itself for significant operational advancements. The company is on track to recommence production at its Lucero project in Arequipa, Peru, targeting a restart by 2024. Lucero, known for its high-grade deposits, stands as a cornerstone in Element79 Gold’s portfolio. In addition to its developments in Peru, Element79 Gold holds an impressive suite of assets along the Battle Mountain trend in Nevada. This includes the promising Clover and West Whistler projects, which show potential for rapid resource development. Notably, three properties within this portfolio are poised for sale to Valdo Minerals Ltd., with the transaction expected to be finalized in the first half of 2024. Expanding its geographical footprint, Element79 Gold is also making strides in British Columbia. The company has initiated a drilling program and signed a Letter of Intent to acquire a private company holding an option for 100% interest in the Snowbird High-Grade Gold Project. This project comprises 10 mineral claims located strategically near Fort St. James, reinforcing the company’s asset base in central British Columbia. Further enhancing its asset management strategy, Element79 Gold has moved its Dale Property, located approximately 100 km southwest of Timmins, Ontario, into a spin-out process through its wholly owned subsidiary, Synergy Metals Corp. This strategic realignment is aimed at maximizing shareholder value through efficient asset utilization and focused corporate structuring. https://preview.redd.it/kg9kr14xjf0d1.jpg?width=982&format=pjpg&auto=webp&s=f8178d708b717b5a747cd4659ddc005e0456ea48 Highlights of Element79 Gold’s Strategic Developments Since its acquisition in 2021, Element79 Gold has diligently advanced the Maverick Springs project, culminating in an updated 43-101 compliant inferred resource estimation of 3.71 million ounces of gold equivalent (AuEq). In pursuit of strategic partnerships to further develop Maverick Springs, Element79 Gold’s management successfully negotiated and entered into a Binding Option Agreement with Sun Silver in August 2023. This pivotal move aligns with the company’s strategic focus on the high-grade Lucero Project in Peru, which boasts near-term production potential. The transaction with Sun Silver not only shifts the company’s focus but also realizes significant value for Maverick Springs. Originally acquired and carried at CAD $3.337 million, the project was sold for CAD $5.033 million, reflecting an impressive return on investment of 51% within 28 months. The sale generated substantial financial gains for Element79 Gold, amounting to CAD $4,400,000 in cash and 3,500,000 ordinary shares in Sun Silver, valued at AUD $0.20 per share (fair market value of AUD $700,000). These shares are anticipated to be listed on the Australian Stock Exchange around May 15, 2024. A portion of the proceeds, CAD $2,200,000, will be allocated to settle the loan tied to the Waterton Contingent Value Rights Agreement. The remaining funds will be strategically used to further the development of other corporate projects and operations, reducing both capital debt and accounts payable. This strategic financial management underscores Element79 Gold’s commitment to optimizing its asset portfolio and enhancing shareholder value in the competitive mining sector. Key Financial Highlights
James Tworek, CEO of Element 79 Gold Corp https://preview.redd.it/qyjy1cyxjf0d1.jpg?width=982&format=pjpg&auto=webp&s=3502cef4e7ca60ed7b10df212cb43a8383c77a03 Collaboration with Artisanal Miners at Element79 Gold Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has actively engaged with local artisanal miners in Lomas Doradas to promote sustainable mining practices and community collaboration. In April, the company’s community relations team organized a significant meeting aimed at enhancing mutual support and establishing a formal collaboration for mineral extraction and ore sale processes. During this meeting, Element79 Gold presented draft contracts proposing 10-year surface access rights for exploration at the Lucero mine site, alongside similar access for local miners in designated areas. These agreements were intended to unify efforts and optimize ore market pricing, with the goal of creating mutual economic benefits. A critical follow-up meeting was held in Chachas on April 28th, where the community voted on these initiatives. This gathering aimed to solidify the partnership between Element79 Gold and the artisanal miners, moving towards formalizing their cooperative relationship and ensuring continued updates on the initiative’s progress. Conclusion Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) is exemplifying strategic acumen and operational dexterity across its diverse portfolio. By actively managing its assets from the Lucero project in Peru to strategic ventures across Nevada and British Columbia, the company is effectively balancing exploration potential with financial stability. The successful negotiation and sale of the Maverick Springs project, alongside collaborative engagements like those with the artisanal miners of Lomas Doradas, highlight Element79 Gold’s commitment to ethical practices and community involvement. |
2024.05.14 19:50 Temporary_Noise_4014 Element79 Gold Corp Completes Maverick Springs Option Deal (CSE:ELEM, OTC:ELMGF)
https://preview.redd.it/ceol99o4jf0d1.png?width=461&format=png&auto=webp&s=ee1e71bcd527cb70dc4fbff8414e6780e8d34f52 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has successfully concluded the Binding Option Agreement with Sun Silver Limited, resulting in the transfer of ownership of the Maverick Springs Project to Sun Silver. This achievement marks a significant step in Element79 Gold Corp.’s ongoing strategy to enhance shareholder value through judicious asset management and partnerships. https://preview.redd.it/nqdl7jebjf0d1.jpg?width=982&format=pjpg&auto=webp&s=7bb1e9c09589083e4356420ef4f3bda27eabf5a0 About Element79 Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS), a mining entity focused on gold and silver, is strategically positioning itself for significant operational advancements. The company is on track to recommence production at its Lucero project in Arequipa, Peru, targeting a restart by 2024. Lucero, known for its high-grade deposits, stands as a cornerstone in Element79 Gold’s portfolio. In addition to its developments in Peru, Element79 Gold holds an impressive suite of assets along the Battle Mountain trend in Nevada. This includes the promising Clover and West Whistler projects, which show potential for rapid resource development. Notably, three properties within this portfolio are poised for sale to Valdo Minerals Ltd., with the transaction expected to be finalized in the first half of 2024. Expanding its geographical footprint, Element79 Gold is also making strides in British Columbia. The company has initiated a drilling program and signed a Letter of Intent to acquire a private company holding an option for 100% interest in the Snowbird High-Grade Gold Project. This project comprises 10 mineral claims located strategically near Fort St. James, reinforcing the company’s asset base in central British Columbia. Further enhancing its asset management strategy, Element79 Gold has moved its Dale Property, located approximately 100 km southwest of Timmins, Ontario, into a spin-out process through its wholly owned subsidiary, Synergy Metals Corp. This strategic realignment is aimed at maximizing shareholder value through efficient asset utilization and focused corporate structuring. https://preview.redd.it/jpa3liwfjf0d1.jpg?width=982&format=pjpg&auto=webp&s=6b8eb77e02d3a71db3c354c7f6dddefd54837aa6 Highlights of Element79 Gold’s Strategic Developments Since its acquisition in 2021, Element79 Gold has diligently advanced the Maverick Springs project, culminating in an updated 43-101 compliant inferred resource estimation of 3.71 million ounces of gold equivalent (AuEq). In pursuit of strategic partnerships to further develop Maverick Springs, Element79 Gold’s management successfully negotiated and entered into a Binding Option Agreement with Sun Silver in August 2023. This pivotal move aligns with the company’s strategic focus on the high-grade Lucero Project in Peru, which boasts near-term production potential. The transaction with Sun Silver not only shifts the company’s focus but also realizes significant value for Maverick Springs. Originally acquired and carried at CAD $3.337 million, the project was sold for CAD $5.033 million, reflecting an impressive return on investment of 51% within 28 months. The sale generated substantial financial gains for Element79 Gold, amounting to CAD $4,400,000 in cash and 3,500,000 ordinary shares in Sun Silver, valued at AUD $0.20 per share (fair market value of AUD $700,000). These shares are anticipated to be listed on the Australian Stock Exchange around May 15, 2024. A portion of the proceeds, CAD $2,200,000, will be allocated to settle the loan tied to the Waterton Contingent Value Rights Agreement. The remaining funds will be strategically used to further the development of other corporate projects and operations, reducing both capital debt and accounts payable. This strategic financial management underscores Element79 Gold’s commitment to optimizing its asset portfolio and enhancing shareholder value in the competitive mining sector. Key Financial Highlights
James Tworek, CEO of Element 79 Gold Corp https://preview.redd.it/imnt0n8mjf0d1.jpg?width=982&format=pjpg&auto=webp&s=ff8e64053a3e32b3d1ada611347e9bf6fedf8bca Collaboration with Artisanal Miners at Element79 Gold Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) has actively engaged with local artisanal miners in Lomas Doradas to promote sustainable mining practices and community collaboration. In April, the company’s community relations team organized a significant meeting aimed at enhancing mutual support and establishing a formal collaboration for mineral extraction and ore sale processes. During this meeting, Element79 Gold presented draft contracts proposing 10-year surface access rights for exploration at the Lucero mine site, alongside similar access for local miners in designated areas. These agreements were intended to unify efforts and optimize ore market pricing, with the goal of creating mutual economic benefits. A critical follow-up meeting was held in Chachas on April 28th, where the community voted on these initiatives. This gathering aimed to solidify the partnership between Element79 Gold and the artisanal miners, moving towards formalizing their cooperative relationship and ensuring continued updates on the initiative’s progress. Conclusion Element79 Gold (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) is exemplifying strategic acumen and operational dexterity across its diverse portfolio. By actively managing its assets from the Lucero project in Peru to strategic ventures across Nevada and British Columbia, the company is effectively balancing exploration potential with financial stability. The successful negotiation and sale of the Maverick Springs project, alongside collaborative engagements like those with the artisanal miners of Lomas Doradas, highlight Element79 Gold’s commitment to ethical practices and community involvement. |
2024.05.14 19:05 detheobald Victory Range Hoods and Kitchen Fans
2024.05.14 18:36 Then_Marionberry_259 MAY 13, 2024 SEA.TO SEABRIDGE GOLD FILES FIRST QUARTER FINANCIAL STATEMENTS AND MD&A
https://preview.redd.it/pngp12xl6f0d1.png?width=3500&format=png&auto=webp&s=4e80b006507d3aea5a781299e525e2145a3b6de8 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] Toronto, Ontario--(Newsfile Corp. - May 13, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three-month period ended March 31, 2024 on SEDAR+ (www.sedarplus.ca). These statements are also available on Seabridge's website at https://www.seabridgegold.com/investors/financial-reports. Seabridge's Q1 2024 Report to Shareholders can be found here. Recent Highlights
During the three-month period ended March 31, 2024 Seabridge posted a net loss of $8.2 million ($0.09 per share) compared to a net loss of $10.8 million ($0.13 per share) for the same period in 2023. During the 1st quarter, Seabridge invested $39.3 million in mineral interests project spending compared to $48.6 million in the 1st quarter of 2023. At March 31, 2024, net working capital was $43.2 million compared to $54.5 million at December 31, 2023. Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects located in northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit Seabridge's website at http://www.seabridgegold.com. None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD "Rudi Fronk" Chairman and C.E.O. For further information please contact: Rudi P. Fronk, Chairman and C.E.O. Tel: (416) 367-9292 • Fax: (416) 367-2711 Email: [info@seabridgegold.com](mailto:info@seabridgegold.com) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/208977 https://preview.redd.it/sbsrdc0m6f0d1.png?width=4000&format=png&auto=webp&s=2ef7cfdcd226c0553fd26d2b7247925d33a89349
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2024.05.14 18:16 Professional_Disk131 3 Small-cap Gold Juniors to Take Notice of $ELEM $GLDR $SOMA
(The information on the three gold companies in this report is not definitive. Instead, this information will drive you to do more due diligence and make an investment decision.) submitted by Professional_Disk131 to trakstocks [link] [comments] A different way to invest in gold is to look for great properties. If you bundle the three companies/properties in this piece, you could own three great properties collectively for under CDN2.00 a share. https://preview.redd.it/ypowdccm2f0d1.jpg?width=1500&format=pjpg&auto=webp&s=7ba2e29889c13cfb2232e3ba2ef9a4603b153b37 GOLDEN RAPTURE MINING (GLDR: CSE) is a collection of premier Ontario mining properties in the Rainy River region that have done enough work to unveil potential, below but left a significant amount of gold with great g/t numbers. As of this morning, some numbers will indeed up its profile. Considering the stock has been listed for about two weeks, these results are excellent. Forgive the length of the table, but given the quality of the results, investors must get the whole picture. https://preview.redd.it/n1cuuoko2f0d1.png?width=833&format=png&auto=webp&s=90207f2e5aee40a18cdc9bdc17652a340b0b4d4f First, the newest, being listed in the last month, is Golden Rapture Gold. The Company intends to reactivate past mines in the Rainy River area of Ontario. The property is so new that management has only walked about 5% of it, but the numbers are already impressive over its two projects. The Company holds a 100% interest in the high-grade Phillips Township Gold Property, Rainy River District, NW Ontario. The land package totals 225 claim cells for approximately ten thousand acres located close to 4 mineral deposits. These assets include the New Gold Rainy River Mine (+8 million Oz.), the Cameron Lake Deposit (1.8 million Oz.), the Agnico Eagle-Hammond Reef deposit (3.3 million Oz.), the Tartisan Nickel, Copper, and Cobalt Deposit, and many others. Mature local infrastructure, workforce, heavy-duty equipment, hospitals, major highway systems, and local services are nearby. https://preview.redd.it/f8bhafnp2f0d1.png?width=1135&format=png&auto=webp&s=31bbe9d9f069cf4ae29f8a5586a5f75b88a10b28 Mr. Richard Rivet, CEO of Golden Rapture, commented: “I am incredibly pleased that we have just made some essential and rapid steps toward identifying additional high-grade drill-ready targets. We were pleasantly surprised to discover many high-grade quartz veins on the surface, with the majority of them carrying gold. Unlike many exploration companies, we are not just chasing the typical geophysical anomaly but also many vast high-grade gold structures identified on the surface that can be drilled at any time. https://preview.redd.it/08epomzq2f0d1.jpg?width=1804&format=pjpg&auto=webp&s=c96659d3310e031e926d59bdfbd2dc72c39cb98d https://preview.redd.it/itfkfozq2f0d1.jpg?width=1732&format=pjpg&auto=webp&s=200c2a356cbd86e0c544c96c93aea79e4cec45aa The Company holds a 100% interest in the high-grade Phillips Township Gold Property, Rainy River District, NW Ontario. The land package totals 225 claim cells for approximately ten thousand acres located close to 4 mineral deposits. These assets include the New Gold Rainy River Mine (+8 million Oz.), the Cameron Lake Deposit (1.8 million Oz.), the Agnico Eagle-Hammond Reef deposit (3.3 million Oz.), the Tartisan Nickel, Copper, and Cobalt Deposit, and many others. Mature local infrastructure, workforce, heavy-duty equipment, hospitals, major highway systems, and local services are nearby. Ryan Yanch CIM, a director of GLDR, states***, ‘One extremely important fact is that GLDR’s drilling cost is an industry-leading CDN140 a meter. It is not unusual for other gold comp[anbies to spend CDN200-400 or more a meter. One major contributor to this is that one significant cost is the location of the drilling company. 17 km away from the properties significantly lowers the capital cost and allows a more robust drilling program”.*** Given the uniqueness and exceptional quality of GLDR’s properties, there could be excellent investor support. Gold is rallying, and the prospect of further rises may portend in the shadow of interest rate cuts. Previous work on the properties quickly removes the ubiquitous ‘drill’ on the property or other tropes. These are serious businessmen and women with decades of mining and entrepreneurial experience. In the world of junior mining IPOs, there is a feeling that the stars must align to profit. Au contraire***. The keys to investing success are the right properties, management, and, in this case, a rallying gold price.*** Numero Deux https://preview.redd.it/z0muthyr2f0d1.png?width=461&format=png&auto=webp&s=eabe6592239591b360edf7feb537f9d4535d0f5c Element79 Gold Corp (the “Company”) (CSE: ELEM) (OTC: ELMGF) is a fascinating gold company and the second in our gold triumvirate located primarily in Peru through its flagship Lucero, Peru, property. (Full Disclosure: James Tworek, CEO of Element79, is an adviser to the GLDR Board. Your humble scribe owns a small position in each Company.) The past-producing Lucero Mine (“Lucero”) is one of the highest-grade underground mines in Peru’s history, with grades averaging 19.0g/t Au Equivalent (“Au Eq”) (14.0 g/t gold and 373 g/t silver). https://preview.redd.it/sup6un1t2f0d1.png?width=557&format=png&auto=webp&s=469ca6cf088e2f056daee8d1902b019225018184 In its past 5 years of production, ending in 2005, it produced an average of 40,000oz+/yr. Assays from March 2023 yielded 21-ore-grade and high-yield up to 11.7 ounces per ton of gold and 247 ounces per ton of silver from underground workings, further validating the potential for a significant high-grade future operation. Consolidating its focus in this region and its impressive geology, ELEM acquired the Roxana Vein and surrounding 1200ha property, Lucero del Sur 28, via auction held on May 17, 2023. The property is located strategically just east of the high-grade Lucero gold-silver project. Instead of going into much history, let’s look at the Press release ELEM put out on April 23. New assays were released, and CEO James Tworek stated, “The data obtained is not just promising; it’s the cornerstone upon which our future endeavours will be built,” said James Tworek, CEO of Element 79. “These recent results, coupled with historical data, represent the bedrock upon which we are advancing our Lucero project.” Corporate Presentation. https://preview.redd.it/wv5ia7eu2f0d1.jpg?width=800&format=pjpg&auto=webp&s=829738e21e9e823740f4ab0b85c5d0dc99b1a8bc From the PR: A total of 97 samples were sent for assays, 56 of which returned greater than 0.1 g/t gold (up to 8.55 g/t gold and 523 g/t silver. Several samples also were rich in base metals (up to 23.7% lead and 9.9% zinc), all of which underscores the richness of our project, further supporting the Company’s belief a robust resource base can be delineated. (Actual assay numbers are shown in the PR) James C Tworek further states, “Element79 Gold has transformed from an asset amalgamator and seller to a near-term production story, responding to Peru’s government push for formalizing artisanal mining operations. We at Element79 Gold are thrilled to share our unwavering dedication to bringing our Lucero gold project in Peru into production. This past-producing, high-grade gold and silver mine holds immense potential to revitalize our Company and foster economic growth and prosperity in the region. “ The other ELEM property brings us back to North America. Nevada, to be precise. Reason to pay attention? https://preview.redd.it/sytjacqv2f0d1.png?width=504&format=png&auto=webp&s=cc792daa3f078abb6ded4c6cfe32fe868b83b1d1 Maverick Springs is adjacent to the Carlin Trend. For the uninitiated, the area contains several of the largest gold mines on Earth. The area includes a number of the largest gold mines on Earth. Maverick Springs is a blind deposit comprising a 30-120 metre thick, flat-lying zone centred on an anticlinal structure with oxidation pervasive to 120 metres and intermittent to 270 metres. (5) West Whistler property is in the same area as Maverick, closer to the Battle Mountain Trend, alongside Carlin: Near several gold deposits, including the Cortez Mine, North America’s third largest gold mine with 2021 gold production of 828,000 ounces. Finally, the Clover Property, 16 km west of the massive Hecla Mine in the Northern Nevada Rift. The property sits at the top and centre of the Carlin and Battle Mountain Trends. Nevada Gold’s active Turquoise Ridge Mine, the third largest gold mine in the United States with 537,000 ounces of gold production reported in 2020, as well as the Twin Creeks open pit mines and the dormant Pinson and Getchell mines. Element 79 has drilling programs announced for the 2023/24 years and a more vigorous program for 2024/25. https://preview.redd.it/c8aetkww2f0d1.png?width=943&format=png&auto=webp&s=65aa80ed0a29568a10000824eb8a3358940457a1 As (GoldSilver.com) an aside, the gold price—and silver—have softened after particularly gold had a decent run. The first two in our group have slid a bit but seem to be holding in nicely. If one follows gold forecasts, the pundits call for USD 2500-3000 over the next few years. The strategy is simple: A move to USD 3,000 represents a 50% appreciation. However, that also comes with physical and liquidity issues should you want to sell. And the Gold price? On December 30, 2022, gold closed the year at $1,819.70 per ounce. Flash forward to one year later, and gold closed 2023 at $2,062.40. That’s a gain of 13.3% in a single year. With gold pushing to new record highs, it’s a fascinating time for gold investors. Predicting the future of gold prices is never easy, but to offer some insights into what 2024 might hold, we’ve (compiled an array of gold price forecasts, outlooks, and predictions from renowned banks, industry experts, and financial analysts. Let’s take a look. https://preview.redd.it/59fi4aox2f0d1.png?width=1385&format=png&auto=webp&s=9e1c0989984e73929e3b8bb257b3fea1f3f2cd5e Numero Three https://preview.redd.it/eo5p55cy2f0d1.png?width=368&format=png&auto=webp&s=42b0bb5562ad229dc28a1f34a36005485f5e5e35 Off we go to South America. This time, Columbia with SOMA Gold. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the “Company” or “Soma“) recently announced that gold production for Q1 2024 was 7,335 AuEq ounces, an increase of 8% over the same period in 2023. Let’s not get ahead of ourselves. https://preview.redd.it/q3y8ka6z2f0d1.png?width=625&format=png&auto=webp&s=8ad400a478bab2ceba4cb0fd65124463df8a3271 The Company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program. https://preview.redd.it/kf3xbizz2f0d1.png?width=872&format=png&auto=webp&s=89c6aaf1a82a53690f4519f4f900b3fa14855271 Soma is further ahead than our previous companies, which doesn’t make it better; it is just a different stage of development. Corporate Presentation, 2023 results, Tech Report. https://preview.redd.it/eknc0no03f0d1.png?width=729&format=png&auto=webp&s=2d5dbb35427371ba7b8b1d5f17c8ea0de0dd836a Properties Cardero Mine
While I like the companies, I would buy them for their land positions. All have land that isn’t some dust pit but has either historical or proven assays. And most are near large producers. Element79; Nevada.Carlin Trend? Seriously? |
2024.05.14 18:05 Embarrassed-Sand2956 Online program that meets CA requirements?
2024.05.14 17:59 Then_Marionberry_259 MAY 14, 2024 MAG.TO MAG SILVER REPORTS FIRST QUARTER FINANCIAL RESULTS
https://preview.redd.it/w3wbxgjzze0d1.png?width=3500&format=png&auto=webp&s=c343619687a11525804d04f755c495d975b2050d submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s unaudited consolidated financial results for the three months ended March 31, 2024 (“Q1 2024”). For details of the unaudited condensed interim consolidated financial statements of the Company for the three months ended March 31, 2024 (“Q1 2024 Financial Statements”) and management’s discussion and analysis for the three months ended March 31, 2024 (“Q1 2024 MD&A”), please see the Company’s filings on the System for Electronic Document Analysis and Retrieval Plus (“SEDAR+”) at ( www.sedarplus.ca ) or on the Electronic Data Gathering, Analysis, and Retrieval (“EDGAR”) at ( www.sec.gov ). All amounts herein are reported in $000s of United States dollars (“US$”) unless otherwise specified (C$ refers to Canadian dollars). KEY HIGHLIGHTS (on a 100% basis unless otherwise noted)
1 Adjusted EBITDA, total cash costs, cash cost per ounce, all-in sustaining costs, all-in sustaining cost per ounce and free cash flow are non-IFRS measures, please see below ‘ Non-IFRS Measures ’ section and section 12 of the Q1 2024 MD&A for a detailed reconciliation of these measures to the Q1 2024 Financial Statements. 2 Equivalent silver head grade and equivalent silver production have been calculated using the following price assumptions to translate gold, lead and zinc to “equivalent” silver head grade and “equivalent” silver production: $23/oz silver, $1,950/oz gold, $0.95/lb lead and $1.15/lb zinc. 3 Equivalent silver ounces sold have been calculated using realized price assumptions to translate gold, lead and zinc to “equivalent” silver ounces sold (metal quantity, multiplied by metal price, divided by silver price). Q1 2024 realized prices of $23.73/oz silver, $2,112.27/oz gold, $0.92/lb lead and $1.08/lb zinc. CORPORATE
4 Information contained in or otherwise accessible through the Company’s website, including the 2022 sustainability report and MAG Silver 2022 ESG Data Table, do not form part of this News Release and are not incorporated into this News Release by reference. EXPLORATION
https://preview.redd.it/qdr6asmzze0d1.png?width=720&format=png&auto=webp&s=aaedd0020755eaf3404201557cc9623acc995125 JUANICIPIO RESULTS All results of Juanicipio in this section are on a 100% basis, unless otherwise noted. Operating Performance The following table and subsequent discussion provide a summary of the operating performance of Juanicipio for the three months ended March 31, 2024 and 2023, unless otherwise noted. https://preview.redd.it/9txq8snzze0d1.png?width=720&format=png&auto=webp&s=0089cf57573e8834bdb641cf9e055619e6f6c5b2 (1) Equivalent silver head grades have been calculated using the following price assumptions to translate gold, lead and zinc to “equivalent” silver head grade: $23/oz silver, $1,950/oz gold, $0.95/lb lead and $1.15/lb zinc (Q1 2023: $21.85/oz silver, $1,775/oz gold, $0.915/lb lead and $1.30/lb zinc). (2) Equivalent silver payable ounces have been calculated using realized price assumptions to translate gold, lead and zinc to “equivalent” silver payable ounces (metal quantity, multiplied by metal price, divided by silver price). Q1 2024 realized prices of $23.73/oz silver, $2,112.27/oz gold, $0.92/lb lead and $1.08/lb zinc (Q1 2023 realized prices of $22.93/oz silver, $1,959.50/oz gold, $0.94/lb lead and $1.43/lb zinc). During the three months ended March 31, 2024 a total of 325,081 tonnes of ore were mined. This represents an increase of 45% over Q1 2023. Increases in mined tonnages at Juanicipio have been driven by the operational ramp up of the mine towards steady state targets. During the three months ended March 31, 2024 a total of 325,683 tonnes of ore were processed through the Juanicipio plant; no ore was processed at the nearby Fresnillo and Saucito processing plants (100% owned by Fresnillo). This represents an increase of 47% over Q1 2023. The increase in milled tonnage has been driven by the Juanicipio mill commissioning and operational ramp up to nameplate capacity over the course of 2023. The silver head grade and equivalent silver head grade for the ore processed in the three months ended March 31, 2024 was 476 g/t and 713 g/t, respectively (three months ended March 31, 2023: 363 g/t and 530 g/t, respectively). Head grades in Q1 2023 were lower as low-grade commissioning stockpiles were processed through the Juanicipio plant. Silver metallurgical recovery during Q1 2024 was 89.1% (Q1 2023: 87.0%) reflecting ongoing optimizations in the processing plant. The following table provides a summary of the total cash costs 5 and all-in sustaining costs 5 (“AISC”) of Juanicipio for the three months ended March 31, 2024, and 2023. https://preview.redd.it/riqz1yozze0d1.png?width=720&format=png&auto=webp&s=c5f2edde6bc789d2d379ca3a910beaa1cb262bde ________________________ 5 Total cash costs, cash cost per ounce, cash cost per equivalent ounce, all-in sustaining costs, all-in sustaining cost per ounce, and all-in sustaining cost per equivalent ounce are non-IFRS measures, please see the “ Non-IFRS Measures ” section below and section 12 of the Q1 2024 MD&A for a detailed reconciliation of these measures to the Q1 2024 Financial Statements. Equivalent silver ounces sold have been calculated using realized price assumptions to translate gold, lead and zinc to “equivalent” silver ounces sold (metal quantity, multiplied by metal price, divided by silver price). Q1 2024 realized prices of $23.73/oz silver, $2,112.27/oz gold, $0.92/lb lead and $1.08/lb zinc (Q1 2023: $22.93/oz silver, $1,959.50/oz gold, $0.94/lb lead and $1.43/lb zinc). Financial Results The following table presents excerpts of the financial results of Juanicipio for the three months ended March 31, 2024 and 2023. https://preview.redd.it/4zym5dqzze0d1.png?width=720&format=png&auto=webp&s=d25c91cabc7f6c6b35ff61acacc0160f3dfac2e7 Sales increased by $72,207 during the three months ended March 31, 2024, mainly due to 179% higher metal volumes and 2% higher realized metal prices. Offsetting higher sales was higher production cost ($9,409) which was driven by higher sales and operational ramp-up in mining and processing, including $3,545 in inventory movements, and higher depreciation ($14,083) as the Juanicipio mill achieved commercial production and commenced depreciating the processing facility and associated equipment in June 2023. Operating margin increased by 21% to 52%, mainly due to operational leverage and the lower reliance on the nearby Fresnillo and Saucito processing facilities. Other expenses increased by $2,159 mainly as a result of higher extraordinary mining and other duties ($872) in relation to higher precious metal revenues from the sale of concentrates and higher consulting and administrative expenses ($2,690) as an operator services agreement became effective upon initiation of commercial production (the “Operator Services Agreement”), offset by lower exchange losses and other costs ($1,566). Taxes increased by $20,980 impacted by higher taxable profits generated during Q1 2024, and non-cash deferred tax credits related to the commencement of use of plant and equipment in Q1 2023. Ore Processed at Juanicipio Plant (100% basis) https://preview.redd.it/koajybrzze0d1.png?width=720&format=png&auto=webp&s=caf1b70c53c47d371b9cebd743877fcd4ae59ba3 (1) The underground mine was considered readied for its intended use on January 1, 2022, whereas the Juanicipio processing facility started commissioning and ramp-up activities in January 2023, achieving commercial production status on June 1, 2023. (2) Includes toll milling costs from processing mineralized material at the Saucito and Fresnillo plants for Q1 2023. Sales and treatment charges are recorded on a provisional basis and are adjusted based on final assay and pricing adjustments in accordance with the offtake contracts. MAG FINANCIAL RESULTS – THREE MONTHS ENDED MARCH 31, 2024 As at March 31, 2024, MAG had working capital of $72,833 (December 31, 2023: $67,262) including cash of $74,683 (December 31, 2023: $68,707) and no long-term debt. As well, as at March 31, 2024, Juanicipio had working capital of $107,088 including cash of $30,991 (MAG’s attributable share is 44%). The Company’s net income for the three months ended March 31, 2024 amounted to $14,895 (March 31, 2023: $4,713) or $0.14/share (March 31, 2023: $0.05/share). MAG recorded its 44% income from equity accounted investment in Juanicipio of $19,244 (March 31, 2023: $7,919) which included MAG’s 44% share of net income from operations as well as loan interest earned on loans advanced to Juanicipio (see above for MAG’s share of income from its equity accounted investment in Juanicipio). https://preview.redd.it/5bneimszze0d1.png?width=720&format=png&auto=webp&s=323d988dbd92cf6ca4e815fff071c8ec7f45ee00 NON-IFRS MEASURES The following table provides a reconciliation of cash cost per silver ounce of Juanicipio to production cost of Juanicipio on a 100% basis (the nearest IFRS measure) as presented in the notes to the Q1 2024 Financial Statements. https://preview.redd.it/0jhh2stzze0d1.png?width=720&format=png&auto=webp&s=c97634763bd00967ddd878bc09b8e069687fae68 (1) As Q3 2023 represented the first full quarter of commercial production, information presented for total cash costs together with their associated per unit values are not directly comparable. (2) By-product revenues relates to the sale of other metals namely gold, lead, and zinc. (3) Equivalent silver payable ounces have been calculated using realized prices to translate gold, lead and zinc to “equivalent” silver payable ounces (metal quantity, multiplied by metal price, divided by silver price). Q1 2024 realized prices: $23.73/oz silver, $2,112.27/oz gold, $0.92/lb lead and $1.08/lb zinc (Q1 2023: $22.93/oz silver, $1,959.50/oz gold, $0.94/lb lead and $1.43/lb zinc). The following table provides a reconciliation of AISC of Juanicipio to production cost and various operating expenses of Juanicipio on a 100% basis (the nearest IFRS measure), as presented in the notes to the Q1 2024 Financial Statements. https://preview.redd.it/qkx2r5vzze0d1.png?width=720&format=png&auto=webp&s=0c9cb89471512649ac77b5cbe3177b0621d64835 (1) As Q3 2023 represented the first full quarter of commercial production, information presented for all-in sustaining costs and all-in sustaining margin together with their associated per unit values are not directly comparable. (2) Equivalent silver payable ounces have been calculated using realized prices to translate gold, lead and zinc to “equivalent” silver payable ounces (metal quantity, multiplied by metal price, divided by silver price). Q1 2024 realized prices: $23.73/oz silver, $2,112.27/oz gold, $0.92/lb lead and $1.08/lb zinc, (Q1 2023 realized prices: $22.93/oz silver, $1,959.50/oz gold, $0.94/lb lead and $1.43/lb zinc). For the three months ended March 31, 2024 the Company incurred corporate G&A expenses of $3,964 (three months ended March 31, 2023: $3,262), which exclude depreciation expense. The Company’s attributable silver ounces sold and equivalent silver ounces sold for the three months ended March 31, 2024 were 1,757,630 and 2,475,862 respectively (three months ended March 31, 2023: 880,429 and 1,230,412 respectively), resulting in additional all‐in sustaining cost for the Company of $2.26/oz and $1.60/oz respectively (three months ended March 31, 2023: $3.71/oz and $2.65/oz respectively), in addition to Juanicipio’s all-in-sustaining costs presented in the above table. The following table provides a reconciliation of EBITDA and Adjusted EBITDA attributable to the Company based on its economic interest in Juanicipio to net income (the nearest IFRS measure) of the Company per the Q1 2024 Financial Statements. All adjustments are shown net of estimated income tax. https://preview.redd.it/sx6jo7wzze0d1.png?width=720&format=png&auto=webp&s=1fea9df2b8195ce579b570935ab24b9939da5988 (1) As Q3 2023 represents the first full quarter of commercial production, information presented for EBITDA and Adjusted EBITDA is not directly comparable. The following table provides a reconciliation of free cash flow of Juanicipio to its cash flow from operating activities on a 100% basis (the nearest IFRS measure), as presented in the notes to the Q1 2024 Financial Statements. https://preview.redd.it/aqnp2dxzze0d1.png?width=720&format=png&auto=webp&s=56db2245eb87ec1f718edc1890b48b9b5d3ad762 (1) As Q3 2023 represents the first full quarter of commercial production, comparative information presented for free cash flow of Juanicipio is not directly comparable. Qualified Persons: All scientific or technical information in this press release including assay results referred to, and mineral resource estimates, if applicable, is based upon information prepared by or under the supervision of, or has been approved by Gary Methven, P.Eng., Vice President, Technical Services and Lyle Hansen, P.Geo, Geotechnical Director; both are “Qualified Persons” for purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects About MAG Silver Corp. MAG Silver Corp. is a growth-oriented Canadian exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is emerging as a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where in addition to underground mine production and processing of high-grade mineralised material, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada. Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management. Certain information contained in this release, including any information relating to MAG’s future oriented financial information, are “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively herein referred as “forward-looking statements”), including the “safe harbour” provisions of provincial securities legislation, the U.S. Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended and Section 27A of the U.S. Securities Act. Such forward-looking statements include, but are not limited to:
Forward-looking statements are necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control and many of which, regarding future business decisions, are subject to change. Assumptions underlying the Company’s expectations regarding forward-looking statements contained in this release include, among others: MAG’s ability to carry on its various exploration and development activities including project development timelines, the timely receipt of required approvals and permits, the price of the minerals produced, the costs of operating, exploration and development expenditures, the impact on operations of the Mexican tax and legal regimes, MAG’s ability to obtain adequate financing, outbreaks or threat of an outbreak of a virus or other contagions or epidemic disease will be adequately responded to locally, nationally, regionally and internationally. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including amongst others: commodities prices; changes in expected mineral production performance; unexpected increases in capital costs or cost overruns; exploitation and exploration results; continued availability of capital and financing; general economic, market or business conditions; risks relating to the Company’s business operations; risks relating to the financing of the Company’s business operations; risks related to the Company’s ability to comply with restrictive covenants and maintain financial covenants pursuant to the terms of the Credit Facility; the expected use of the Credit Facility; risks relating to the development of Juanicipio and the minority interest investment in the same; risks relating to the Company’s property titles; risks related to receipt of required regulatory approvals; pandemic risks; supply chain constraints and general costs escalation in the current inflationary environment heightened by the invasion of Ukraine by Russia and the events relating to the Israel-Hamas war; risks relating to the Company’s financial and other instruments; operational risk; environmental risk; political risk; currency risk; market risk; capital cost inflation risk; risk relating to construction delays; the risk that data is incomplete or inaccurate; the risks relating to the limitations and assumptions within drilling, engineering and socio-economic studies relied upon in preparing economic assessments and estimates, including the 2017 PEA; as well as those risks more particularly described under the heading “Risk Factors” in the Company’s Annual Information Form dated March 27, 2023 available under the Company’s profile on SEDAR+ at www.sedarplus.ca . Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made and, other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change. For the reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedarplus.ca and www.sec.gov LEI: 254900LGL904N7F3EL14 For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, Vice President, Investor Relations and Communications Phone: (604) 630-1399 Toll Free: (866) 630-1399 Email:info@magsilver.comhttps://preview.redd.it/d8wzg8yzze0d1.jpg?width=66&format=pjpg&auto=webp&s=a39ec6a39761447bbd4dbd77e92aef49e95e583e https://preview.redd.it/qr1wv0zzze0d1.png?width=4000&format=png&auto=webp&s=fadeb32c9245f8b70d903b1c70321decddf77985
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2024.05.14 17:58 Professional_Disk131 3 Small-cap Gold Juniors to Take Notice of $ELEM $GLDR $SOMA
(The information on the three gold companies in this report is not definitive. Instead, this information will drive you to do more due diligence and make an investment decision.) submitted by Professional_Disk131 to PennyStocksCanada [link] [comments] A different way to invest in gold is to look for great properties. If you bundle the three companies/properties in this piece, you could own three great properties collectively for under CDN2.00 a share. https://preview.redd.it/cgt5klglve0d1.jpg?width=1500&format=pjpg&auto=webp&s=52842f9f467b7322933cbadfb409131fa5280c92 GOLDEN RAPTURE MINING (GLDR: CSE) is a collection of premier Ontario mining properties in the Rainy River region that have done enough work to unveil potential, below but left a significant amount of gold with great g/t numbers. As of this morning, some numbers will indeed up its profile. Considering the stock has been listed for about two weeks, these results are excellent. Forgive the length of the table, but given the quality of the results, investors must get the whole picture. https://preview.redd.it/8pqqojpmve0d1.png?width=833&format=png&auto=webp&s=a0907cc108e697b01f756eb25732f54275970919 First, the newest, being listed in the last month, is Golden Rapture Gold. The Company intends to reactivate past mines in the Rainy River area of Ontario. The property is so new that management has only walked about 5% of it, but the numbers are already impressive over its two projects. The Company holds a 100% interest in the high-grade Phillips Township Gold Property, Rainy River District, NW Ontario. The land package totals 225 claim cells for approximately ten thousand acres located close to 4 mineral deposits. These assets include the New Gold Rainy River Mine (+8 million Oz.), the Cameron Lake Deposit (1.8 million Oz.), the Agnico Eagle-Hammond Reef deposit (3.3 million Oz.), the Tartisan Nickel, Copper, and Cobalt Deposit, and many others. Mature local infrastructure, workforce, heavy-duty equipment, hospitals, major highway systems, and local services are nearby. https://preview.redd.it/pj497rxnve0d1.png?width=1135&format=png&auto=webp&s=4c5373242bd3d538dc35fef24afa3b12c327dbf3 Mr. Richard Rivet, CEO of Golden Rapture, commented: “I am incredibly pleased that we have just made some essential and rapid steps toward identifying additional high-grade drill-ready targets. We were pleasantly surprised to discover many high-grade quartz veins on the surface, with the majority of them carrying gold. Unlike many exploration companies, we are not just chasing the typical geophysical anomaly but also many vast high-grade gold structures identified on the surface that can be drilled at any time. https://preview.redd.it/ygqol0dcze0d1.jpg?width=1804&format=pjpg&auto=webp&s=f800bcec5fa27d58b9cdbb2dd3a0025bad5181fd https://preview.redd.it/ofra51dcze0d1.jpg?width=1732&format=pjpg&auto=webp&s=e7c11706fa08a152cec2cc63e66e898beb504878 The Company holds a 100% interest in the high-grade Phillips Township Gold Property, Rainy River District, NW Ontario. The land package totals 225 claim cells for approximately ten thousand acres located close to 4 mineral deposits. These assets include the New Gold Rainy River Mine (+8 million Oz.), the Cameron Lake Deposit (1.8 million Oz.), the Agnico Eagle-Hammond Reef deposit (3.3 million Oz.), the Tartisan Nickel, Copper, and Cobalt Deposit, and many others. Mature local infrastructure, workforce, heavy-duty equipment, hospitals, major highway systems, and local services are nearby. Ryan Yanch CIM, a director of GLDR, states***, ‘One extremely important fact is that GLDR’s drilling cost is an industry-leading CDN140 a meter. It is not unusual for other gold comp[anbies to spend CDN200-400 or more a meter. One major contributor to this is that one significant cost is the location of the drilling company. 17 km away from the properties significantly lowers the capital cost and allows a more robust drilling program”.*** Given the uniqueness and exceptional quality of GLDR’s properties, there could be excellent investor support. Gold is rallying, and the prospect of further rises may portend in the shadow of interest rate cuts. Previous work on the properties quickly removes the ubiquitous ‘drill’ on the property or other tropes. These are serious businessmen and women with decades of mining and entrepreneurial experience. In the world of junior mining IPOs, there is a feeling that the stars must align to profit. Au contraire***. The keys to investing success are the right properties, management, and, in this case, a rallying gold price.*** Numero Deux https://preview.redd.it/z6dnzpqgze0d1.png?width=461&format=png&auto=webp&s=bc2c2ded02e54a1233e353aecd3093261f5f0f32 Element79 Gold Corp (the “Company”) (CSE: ELEM) (OTC: ELMGF) is a fascinating gold company and the second in our gold triumvirate located primarily in Peru through its flagship Lucero, Peru, property. (Full Disclosure: James Tworek, CEO of Element79, is an adviser to the GLDR Board. Your humble scribe owns a small position in each Company.) The past-producing Lucero Mine (“Lucero”) is one of the highest-grade underground mines in Peru’s history, with grades averaging 19.0g/t Au Equivalent (“Au Eq”) (14.0 g/t gold and 373 g/t silver). https://preview.redd.it/wb41yivjze0d1.png?width=557&format=png&auto=webp&s=2d73bfada69e683e421ee2c9ca3157a1dd449dea In its past 5 years of production, ending in 2005, it produced an average of 40,000oz+/yr. Assays from March 2023 yielded 21-ore-grade and high-yield up to 11.7 ounces per ton of gold and 247 ounces per ton of silver from underground workings, further validating the potential for a significant high-grade future operation. Consolidating its focus in this region and its impressive geology, ELEM acquired the Roxana Vein and surrounding 1200ha property, Lucero del Sur 28, via auction held on May 17, 2023. The property is located strategically just east of the high-grade Lucero gold-silver project. Instead of going into much history, let’s look at the Press release ELEM put out on April 23. New assays were released, and CEO James Tworek stated, “The data obtained is not just promising; it’s the cornerstone upon which our future endeavours will be built,” said James Tworek, CEO of Element 79. “These recent results, coupled with historical data, represent the bedrock upon which we are advancing our Lucero project.” Corporate Presentation. https://preview.redd.it/1fie5r3lze0d1.jpg?width=800&format=pjpg&auto=webp&s=d4d9d6866fa8604a4c9a7f5222b9f9cf78a8477a From the PR: A total of 97 samples were sent for assays, 56 of which returned greater than 0.1 g/t gold (up to 8.55 g/t gold and 523 g/t silver. Several samples also were rich in base metals (up to 23.7% lead and 9.9% zinc), all of which underscores the richness of our project, further supporting the Company’s belief a robust resource base can be delineated. (Actual assay numbers are shown in the PR) James C Tworek further states, “Element79 Gold has transformed from an asset amalgamator and seller to a near-term production story, responding to Peru’s government push for formalizing artisanal mining operations. We at Element79 Gold are thrilled to share our unwavering dedication to bringing our Lucero gold project in Peru into production. This past-producing, high-grade gold and silver mine holds immense potential to revitalize our Company and foster economic growth and prosperity in the region. “ The other ELEM property brings us back to North America. Nevada, to be precise. Reason to pay attention? https://preview.redd.it/t8eqvgkmze0d1.png?width=504&format=png&auto=webp&s=31c32ab30f57f5b358d90d4d297b10ea5b5f8b0c Maverick Springs is adjacent to the Carlin Trend. For the uninitiated, the area contains several of the largest gold mines on Earth. The area includes a number of the largest gold mines on Earth. Maverick Springs is a blind deposit comprising a 30-120 metre thick, flat-lying zone centred on an anticlinal structure with oxidation pervasive to 120 metres and intermittent to 270 metres. (5) West Whistler property is in the same area as Maverick, closer to the Battle Mountain Trend, alongside Carlin: Near several gold deposits, including the Cortez Mine, North America’s third largest gold mine with 2021 gold production of 828,000 ounces. Finally, the Clover Property, 16 km west of the massive Hecla Mine in the Northern Nevada Rift. The property sits at the top and centre of the Carlin and Battle Mountain Trends. Nevada Gold’s active Turquoise Ridge Mine, the third largest gold mine in the United States with 537,000 ounces of gold production reported in 2020, as well as the Twin Creeks open pit mines and the dormant Pinson and Getchell mines. Element 79 has drilling programs announced for the 2023/24 years and a more vigorous program for 2024/25. https://preview.redd.it/sygrwmvnze0d1.png?width=943&format=png&auto=webp&s=3ea8466be303764106972e78b2ccb91b73e0b93b As (GoldSilver.com) an aside, the gold price—and silver—have softened after particularly gold had a decent run. The first two in our group have slid a bit but seem to be holding in nicely. If one follows gold forecasts, the pundits call for USD 2500-3000 over the next few years. The strategy is simple: A move to USD 3,000 represents a 50% appreciation. However, that also comes with physical and liquidity issues should you want to sell. And the Gold price? On December 30, 2022, gold closed the year at $1,819.70 per ounce. Flash forward to one year later, and gold closed 2023 at $2,062.40. That’s a gain of 13.3% in a single year. With gold pushing to new record highs, it’s a fascinating time for gold investors. Predicting the future of gold prices is never easy, but to offer some insights into what 2024 might hold, we’ve (compiled an array of gold price forecasts, outlooks, and predictions from renowned banks, industry experts, and financial analysts. Let’s take a look. https://preview.redd.it/ng2bazooze0d1.png?width=1385&format=png&auto=webp&s=a6f9ff3fc37927301a808af98644e37492df7f66 Numero Three https://preview.redd.it/hhgi21dpze0d1.png?width=368&format=png&auto=webp&s=e4b3df4b73d08a321524eb0f73384d4a50989fba Off we go to South America. This time, Columbia with SOMA Gold. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the “Company” or “Soma“) recently announced that gold production for Q1 2024 was 7,335 AuEq ounces, an increase of 8% over the same period in 2023. Let’s not get ahead of ourselves. https://preview.redd.it/13kyk50rze0d1.png?width=625&format=png&auto=webp&s=4f04b9ff2345127540e817ef916f7f3b7a3f5f31 The Company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program. https://preview.redd.it/jgx3wevrze0d1.png?width=872&format=png&auto=webp&s=2d1fe91fb4c700b4c86ea2c25e267d2fe993a435 Soma is further ahead than our previous companies, which doesn’t make it better; it is just a different stage of development. Corporate Presentation, 2023 results, Tech Report. https://preview.redd.it/9kd65uwsze0d1.png?width=729&format=png&auto=webp&s=d148888b24ecb81b6032443eead0d78f569daced Properties Cardero Mine
While I like the companies, I would buy them for their land positions. All have land that isn’t some dust pit but has either historical or proven assays. And most are near large producers. Element79; Nevada.Carlin Trend? Seriously? |
2024.05.14 17:34 Professional_Disk131 3 Small-cap Gold Juniors to Take Notice of $ELEM $GLDR $SOMA
(The information on the three gold companies in this report is not definitive. Instead, this information will drive you to do more due diligence and make an investment decision.) submitted by Professional_Disk131 to PennyQueen [link] [comments] A different way to invest in gold is to look for great properties. If you bundle the three companies/properties in this piece, you could own three great properties collectively for under CDN2.00 a share. https://preview.redd.it/2a5jjgtnue0d1.jpg?width=1500&format=pjpg&auto=webp&s=0b3e8b9fcfaec48738da64373c6f8f249e19adf3 GOLDEN RAPTURE MINING (GLDR: CSE) is a collection of premier Ontario mining properties in the Rainy River region that have done enough work to unveil potential, below but left a significant amount of gold with great g/t numbers. As of this morning, some numbers will indeed up its profile. Considering the stock has been listed for about two weeks, these results are excellent. Forgive the length of the table, but given the quality of the results, investors must get the whole picture. https://preview.redd.it/dx4gw4rxue0d1.png?width=833&format=png&auto=webp&s=78494f84852748f11fc863182e2394854238467c First, the newest, being listed in the last month, is Golden Rapture Gold. The Company intends to reactivate past mines in the Rainy River area of Ontario. The property is so new that management has only walked about 5% of it, but the numbers are already impressive over its two projects. The Company holds a 100% interest in the high-grade Phillips Township Gold Property, Rainy River District, NW Ontario. The land package totals 225 claim cells for approximately ten thousand acres located close to 4 mineral deposits. These assets include the New Gold Rainy River Mine (+8 million Oz.), the Cameron Lake Deposit (1.8 million Oz.), the Agnico Eagle-Hammond Reef deposit (3.3 million Oz.), the Tartisan Nickel, Copper, and Cobalt Deposit, and many others. Mature local infrastructure, workforce, heavy-duty equipment, hospitals, major highway systems, and local services are nearby. https://preview.redd.it/r8vp08xyue0d1.png?width=1135&format=png&auto=webp&s=5e86a9c6bf8b28f14ac73d53fb316cd8403093bc Mr. Richard Rivet, CEO of Golden Rapture, commented: “I am incredibly pleased that we have just made some essential and rapid steps toward identifying additional high-grade drill-ready targets. We were pleasantly surprised to discover many high-grade quartz veins on the surface, with the majority of them carrying gold. Unlike many exploration companies, we are not just chasing the typical geophysical anomaly but also many vast high-grade gold structures identified on the surface that can be drilled at any time. https://preview.redd.it/m5bzqc30ve0d1.jpg?width=1804&format=pjpg&auto=webp&s=1330fb14e92c8a55dcd3437f998209d3fc97eaeb https://preview.redd.it/nwmp4e30ve0d1.jpg?width=1732&format=pjpg&auto=webp&s=2fa11958d6804e1b7e1347317413903ec3161e33 The Company holds a 100% interest in the high-grade Phillips Township Gold Property, Rainy River District, NW Ontario. The land package totals 225 claim cells for approximately ten thousand acres located close to 4 mineral deposits. These assets include the New Gold Rainy River Mine (+8 million Oz.), the Cameron Lake Deposit (1.8 million Oz.), the Agnico Eagle-Hammond Reef deposit (3.3 million Oz.), the Tartisan Nickel, Copper, and Cobalt Deposit, and many others. Mature local infrastructure, workforce, heavy-duty equipment, hospitals, major highway systems, and local services are nearby. Ryan Yanch CIM, a director of GLDR, states***, ‘One extremely important fact is that GLDR’s drilling cost is an industry-leading CDN140 a meter. It is not unusual for other gold comp[anbies to spend CDN200-400 or more a meter. One major contributor to this is that one significant cost is the location of the drilling company. 17 km away from the properties significantly lowers the capital cost and allows a more robust drilling program”.*** Given the uniqueness and exceptional quality of GLDR’s properties, there could be excellent investor support. Gold is rallying, and the prospect of further rises may portend in the shadow of interest rate cuts. Previous work on the properties quickly removes the ubiquitous ‘drill’ on the property or other tropes. These are serious businessmen and women with decades of mining and entrepreneurial experience. In the world of junior mining IPOs, there is a feeling that the stars must align to profit. Au contraire***. The keys to investing success are the right properties, management, and, in this case, a rallying gold price.*** Numero Deux https://preview.redd.it/0jl49k71ve0d1.png?width=461&format=png&auto=webp&s=317b5b03c6bb0f579266a8d38f99042f0cef8e1b Element79 Gold Corp (the “Company”) (CSE: ELEM) (OTC: ELMGF) is a fascinating gold company and the second in our gold triumvirate located primarily in Peru through its flagship Lucero, Peru, property. (Full Disclosure: James Tworek, CEO of Element79, is an adviser to the GLDR Board. Your humble scribe owns a small position in each Company.) The past-producing Lucero Mine (“Lucero”) is one of the highest-grade underground mines in Peru’s history, with grades averaging 19.0g/t Au Equivalent (“Au Eq”) (14.0 g/t gold and 373 g/t silver). https://preview.redd.it/wacgvbu2ve0d1.png?width=557&format=png&auto=webp&s=af5e28a9d2941bf72eebecabb824716062a64c58 In its past 5 years of production, ending in 2005, it produced an average of 40,000oz+/yr. Assays from March 2023 yielded 21-ore-grade and high-yield up to 11.7 ounces per ton of gold and 247 ounces per ton of silver from underground workings, further validating the potential for a significant high-grade future operation. Consolidating its focus in this region and its impressive geology, ELEM acquired the Roxana Vein and surrounding 1200ha property, Lucero del Sur 28, via auction held on May 17, 2023. The property is located strategically just east of the high-grade Lucero gold-silver project. Instead of going into much history, let’s look at the Press release ELEM put out on April 23. New assays were released, and CEO James Tworek stated, “The data obtained is not just promising; it’s the cornerstone upon which our future endeavours will be built,” said James Tworek, CEO of Element 79. “These recent results, coupled with historical data, represent the bedrock upon which we are advancing our Lucero project.” Corporate Presentation. https://preview.redd.it/757zd444ve0d1.jpg?width=800&format=pjpg&auto=webp&s=4b9b6543b7475c955bee27ce693350c718e6983c From the PR: A total of 97 samples were sent for assays, 56 of which returned greater than 0.1 g/t gold (up to 8.55 g/t gold and 523 g/t silver. Several samples also were rich in base metals (up to 23.7% lead and 9.9% zinc), all of which underscores the richness of our project, further supporting the Company’s belief a robust resource base can be delineated. (Actual assay numbers are shown in the PR) James C Tworek further states, “Element79 Gold has transformed from an asset amalgamator and seller to a near-term production story, responding to Peru’s government push for formalizing artisanal mining operations. We at Element79 Gold are thrilled to share our unwavering dedication to bringing our Lucero gold project in Peru into production. This past-producing, high-grade gold and silver mine holds immense potential to revitalize our Company and foster economic growth and prosperity in the region. “ The other ELEM property brings us back to North America. Nevada, to be precise. Reason to pay attention? https://preview.redd.it/yhcb5f95ve0d1.png?width=504&format=png&auto=webp&s=bfe06f46ebed40c20c58b486adb9d2ef29905928 Maverick Springs is adjacent to the Carlin Trend. For the uninitiated, the area contains several of the largest gold mines on Earth. The area includes a number of the largest gold mines on Earth. Maverick Springs is a blind deposit comprising a 30-120 metre thick, flat-lying zone centred on an anticlinal structure with oxidation pervasive to 120 metres and intermittent to 270 metres. (5) West Whistler property is in the same area as Maverick, closer to the Battle Mountain Trend, alongside Carlin: Near several gold deposits, including the Cortez Mine, North America’s third largest gold mine with 2021 gold production of 828,000 ounces. Finally, the Clover Property, 16 km west of the massive Hecla Mine in the Northern Nevada Rift. The property sits at the top and centre of the Carlin and Battle Mountain Trends. Nevada Gold’s active Turquoise Ridge Mine, the third largest gold mine in the United States with 537,000 ounces of gold production reported in 2020, as well as the Twin Creeks open pit mines and the dormant Pinson and Getchell mines. Element 79 has drilling programs announced for the 2023/24 years and a more vigorous program for 2024/25. https://preview.redd.it/c30916h6ve0d1.png?width=943&format=png&auto=webp&s=06c02fc942928e97ddaa5a38c0725175e5573ac7 As (GoldSilver.com) an aside, the gold price—and silver—have softened after particularly gold had a decent run. The first two in our group have slid a bit but seem to be holding in nicely. If one follows gold forecasts, the pundits call for USD 2500-3000 over the next few years. The strategy is simple: A move to USD 3,000 represents a 50% appreciation. However, that also comes with physical and liquidity issues should you want to sell. And the Gold price? On December 30, 2022, gold closed the year at $1,819.70 per ounce. Flash forward to one year later, and gold closed 2023 at $2,062.40. That’s a gain of 13.3% in a single year. With gold pushing to new record highs, it’s a fascinating time for gold investors. Predicting the future of gold prices is never easy, but to offer some insights into what 2024 might hold, we’ve (compiled an array of gold price forecasts, outlooks, and predictions from renowned banks, industry experts, and financial analysts. Let’s take a look. https://preview.redd.it/2o1f4i67ve0d1.png?width=1385&format=png&auto=webp&s=973e0778e971a7ab93672aa3ac10c4b11ea6a7b3 Numero Three https://preview.redd.it/l0fdxn3eve0d1.png?width=368&format=png&auto=webp&s=9cc5f9ec8672a68c10d2fbbde546f8b5e121122d Off we go to South America. This time, Columbia with SOMA Gold. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the “Company” or “Soma“) recently announced that gold production for Q1 2024 was 7,335 AuEq ounces, an increase of 8% over the same period in 2023. Let’s not get ahead of ourselves. https://preview.redd.it/9soyq36fve0d1.png?width=625&format=png&auto=webp&s=00d351e23310ea8e9d2b607b5a012c302687f038 The Company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program. https://preview.redd.it/55x97d2gve0d1.png?width=872&format=png&auto=webp&s=fa38819b9e52fd10910434894d64e823f2447798 Soma is further ahead than our previous companies, which doesn’t make it better; it is just a different stage of development. Corporate Presentation, 2023 results, Tech Report. https://preview.redd.it/wjhvosugve0d1.png?width=729&format=png&auto=webp&s=cbc332e83495ff1ac9e40b33f30609a7b02533ab Properties Cardero Mine
While I like the companies, I would buy them for their land positions. All have land that isn’t some dust pit but has either historical or proven assays. And most are near large producers. Element79; Nevada.Carlin Trend? Seriously? |
2024.05.14 17:16 Then_Marionberry_259 MAY 14, 2024 FR.TO FIRST MAJESTIC REMINDS SHAREHOLDERS TO VOTE IN UPCOMING ANNUAL GENERAL MEETING
https://preview.redd.it/amc20qi8se0d1.png?width=3500&format=png&auto=webp&s=e2fae5d450ab83c349831614e8d9c1261014cb33 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] Vancouver, British Columbia--(Newsfile Corp. - May 14, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") reminds its shareholders about the Company's upcoming Annual General Meeting of Shareholders (the "2024 AGM") scheduled to take place on Thursday, May 23, 2024 at 10:00 a.m. (Pacific Time) at the Sutton Place Hotel located at 845 Burrard Street, Vancouver, British Columbia, V6Z 2K6. The Board of Directors of First Majestic unanimously recommends that shareholders vote FOR all the resolutions that have been put forward for the 2024 AGM. The record date for notice and for voting at the 2024 AGM was March 28, 2024. Only shareholders as of the record date will be entitled to vote at the meeting. Shareholders as of the record date are encouraged to vote before the proxy voting deadline on Tuesday, May 21, 2024 at 10:00 a.m. (Pacific Time). If you are a registered shareholder of the Company and are unable to attend the 2024 AGM, please read, sign and date the form of proxy for the meeting (the "Proxy") and deposit it with Computershare Investor Services Inc. ("Computershare") by courier or mail at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1, Attention: Proxy Department, or by facsimile at 1-866-249-7775 (toll-free in North America) or 1-416-263-9524 (international) by 10:00 a.m. (Pacific Time) on Tuesday, May 21, 2024, or at least 48 hours (excluding Saturdays, Sundays and holidays) before any postponement or adjournment of the meeting). Alternatively, registered shareholders may vote by telephone (1-866-732-8683) or online (www.investorvote.com) using the control number listed on the Proxy that they received from Computershare. Non-registered shareholders may participate in the 2024 AGM (either themselves or through a proxyholder, or through intermediaries using the voting instruction form). Alternatively, some non-registered shareholders may be able to vote by telephone or online and should refer to the voting instruction form that they received for further details and instructions. EVERY VOTE COUNTS Voting is quick and easy. First Majestic has retained Kingsdale Advisors to provide shareholders with assistance in voting their shares, and they may be reached by telephone at 1-866-851-3214 (toll-free in North America) or 1-647-577-3635 (text and call enabled outside North America), or by email at [contactus@kingsdaleadvisors.com](mailto:contactus@kingsdaleadvisors.com). To obtain current information about voting your First Majestic common shares, and for copies of the materials for the 2024 AGM, please visit www.firstmajesticagm.com, or scan the QR code below: https://preview.redd.it/d82f1zo8se0d1.jpg?width=218&format=pjpg&auto=webp&s=5b92a1c645b14040aee870464450ea0170adc9f8 ABOUT THE COMPANY First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas SilveGold Mine, the Santa Elena SilveGold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available. For further information, contact [info@firstmajestic.com](mailto:info@firstmajestic.com), visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP. "Signed" Keith Neumeyer, President & CEO Cautionary Note Regarding Forward-Looking Statements This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the time and place of the 2024 AGM; the process of voting at the 2024 AGM; and the use of the online and telephone platforms to cast votes. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. All statements other than statements of historical fact may be forward‐looking statements. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209068 https://preview.redd.it/1yxdabv8se0d1.png?width=4000&format=png&auto=webp&s=cda284c426d82431cbf5faf4aa1574e029a16db3
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