Other Mining Stocks

Weekly Discussion
654

more MUX - Gold Bar Mine Nevada
(updated Feasibility Study)
GlobeNewswire - February 15, 2018

Mining and Processing

Oxide ore will be mined from three open pits and transported by 100-ton haul trucks to be crushed, screened, conveyed and agglomerated. The study assumes the use of a contract mining fleet. Ore will be conveyor-stacked at a rate of approximately 8,000 tons per day on a conventional heap leach pad. An adsorption-desorption recovery (ADR) carbon plant will produce a final gold-silver dorĂŠ product.

Over the 7 year LoM, production will total 16.5 million tons of ore at a diluted gold grade of 0.029 oz/t (1 g/t) for a total payable gold of 397,700 oz.

655

Barkerville drills 14.55 m of 24.16 g/t Au at Cariboo

Drilling highlights:

IM-18-001: 101.98 grams per tonne gold over 2.15 metres;
IM-18-001: 7.65 g/t Au over 10.60 metres;
IM-18-005: 14.69 g/t Au over 15.80 metres;
IM-18-006: 10.87 g/t Au over 6.00 metres;
IM-18-006: 24.16 g/t Au over 14.55 metres;
IM-18-009: 52.65 g/t Au over 2.50 metres;
IM-18-010: 19.64 g/t Au over 3.85 metres;
IM-18-019: 11.35 g/t Au over 6.30 metres;
IM-18-022 34.57 g/t Au over 4.20 metres.

2 Likes
656

Rod, there any big money players backing BGM.V ???

657

Yes Rick.

As of today, Mutual Funds own 15% & the Top Institutional Owners have 67%

including :
|Osisko Gold Royalties Ltd | 138,809,310(+8.69%) |36.20%|

|M&G Investment Management Ltd. | 16,770,771(+69.47%) |3.69%|

|J P Morgan Asset Management (UK) Ltd | 12,447,186(+59.78%) |2.75%|

|OFI Global Asset Management, Inc. | 7,184,457(+2.12%) |1.65%|
|Tocqueville Asset Management L.P. | 7,110,000(0.00%) |1.63|
|RBC Global Asset Management Inc. | 6,931,000(0.00%) |1.59|
|AGF Investments | 1,680,300(+167.44%) |0.40|
|Craton Capital Limited | 1,500,000(0.00%) |0.36|
|AGF International Advisors Co Ltd | 1,160,000(0.00%) |0.25|
|GR Asset Management GmbH | 700,000(0.00%) |0.16|
|JP Morgan Asset Mgmt (Korea) Co Ltd | 343,457(0.00%) |0.08|
|Dr. Bost & Compagnon Verm. GmbH & Co.KG | 120,000(0.00%) |0.03|

This is previous info :

As of Jan 2016 Insiders 61.6% including Osisko Gold Royalties, Karver Capital Canada and Eric Sprott.

On March 28, 2017, Osisko Gold Royalties acquired 55M shares from Eric Sprott giving it 35.2% of Barkerville.

As of Sept 27 2017, O3 Investments (owned by Osisko) owned 16.5% on a partially diluted basis

658

This one was mentioned back in Oct as having great potential on this thread, and then again by Hulkster on the main thread in Feb.

K92 is pleased to announce Q1 2018 production of 9,324 ounces of gold and 165,976 pounds of copper from the Kainantu Gold Copper Mine
April 12, 2018 11:01 ET | Source: K92 Mining Inc.

Highlights include:

• Production of 9,324 ozs of gold and 165,976 lbs copper in Q1 2018
• The average grade treated through the Process Plant for Q1 2018 was 16.95 g/t Au and 0.44% Cu
• Grade Control drilling commenced from the third underground diamond drill cuddy (DDC3)
• Exploration drilling from underground is underway up dip and down dip from current Kora North Resource
• No Lost Time Injuries (LTI’s) recorded during Q1 2018 and none recorded for the entire 2017

V (K92)
V (K92)890×679 210 KB

660

Looking for an undervalued silver miner that hasn’t actually popped yet. Silver stocks had a good run today.

greatly appreciated…

661

FWIW: Looking For Exposure To Silver?

Summary
It looks like the precious metals market is preparing for another leg up. If that is the case, silver should perform better than gold.

The streaming / royalty sector is less risky than classic precious metals miners so it is the right place for conservative investors.

Wheaton has high exposure to silver and during bull market cycles in precious metals its shares perform better than other streaming / royalty plays.

Exposure to Silver
Exposure to Silver715×290 45.2 KB

https://seekingalpha.com/article/4164147-looking-exposure-silver-consider-wheaton-precious-metals?auth_param=18bk3m:1ddhr84:86d757640d80b843333565f742efd570&uprof=45&dr=1

This is not an endorsement, although I do have a position in WPM (and several other streamers mentioned).

662

May be worth having another look at Pretium at this time.

Pretium Resources Inc.: Brucejack Mine Q1 2018 Production Update
04/11/2018
VANCOUVER, British Columbia, April 11, 2018 (GLOBE NEWSWIRE) –

First Quarter 2018 Production Summary
75,689 ounces of gold produced
96.8% gold recovery rate
261,443 tonnes of ore milled
2,905 tonnes per day ore milled
10.9 grams per tonne gold mill feed grade for March; average 9.1 grams per tonne gold mill feed grade for the quarter

“Gold production improved steadily through the first quarter, with 32,910 ounces produced in March. This result is attributed to the successful implementation of a number of operational improvement initiatives,” said Pretivm President & CEO Joseph Ovsenek. “Our grade control program has now been fully integrated into our mining process and the rate of underground development has increased to provide for additional stopes in our inventory. We are focused on continuing to increase grade to the mill in Q2, and we remain on track to deliver on our H1 2018 production guidance of 150,000 to 200,000 ounces of gold at AISC of $900-$700 per ounce of gold sold. We are building on our healthy cash position, and expect to achieve steady-state production by mid-to-late 2018.”
… 2018 Guidance and Mineral Resource estimate Update

Brucejack Mine is on track to achieve H1 2018 production guidance of 150,000 to 200,000 ounces of gold at an all-in sustaining cash cost of $900-$700 per ounce of gold sold. Guidance for H2 2018 is expected to be given at mid-year with the full integration of local grade control in the short-term mining cycle and optimal stope availability for production as the mine approaches steady state.

Annual updating of the Mineral Resource and Mineral Reserve for the Brucejack Mine will be initiated in the fall.

http://www.pretivm.com/news/news-details/2018/Pretium-Resources-Inc-Brucejack-Mine-Q1-2018-Production-Update/default.aspx

663

Somebody passed this one along to me.

Looks like some price movement/volume recently without news. Some JV’s pending perhaps or maybe some exploration news coming. Their Nevada Golden Trail property is probably their most interesting.

I do not have a position in this.

664

Hulkster. If you are interested in a silver exploration company I would recommend looking into New Pacific Metals. Their project which they just picked up is in Bolivia (Not the greatest place) but they are currently running a large drill campaign on it and I’ve been patiently waiting for drills results. It’s a pretty homogenous deposit with some really nice grades and intercepts in the 100-200g/t range and they are quite nicely cashed up. I spoke to their CEO a few times back in January and ran some quick math by him and he confirmed that they can easily bring the main area of their deposit up to NI 43 101 compliance in the next 2 years and well within their cash position.

1 Like
665

Barkerville releases Cow Mountain & Island Mountain resource estimates…3.0 g/t Au cut-off grade

Cariboo Gold Project Mineral Resource

1.60 million ounces of gold in the measured and indicated category (8.1 million tonnes grading 6.1 g/t Au)

2.16 million ounces of gold in the inferred category (12.7 million tonnes grading 5.2 g/t Au)

666

Interesting - FWIW

Reading Mining Companies’ Technical Indicators
By Meera Shawn May 1, 2018 | 2:05 PM

Mining stock analysis

During the last month, the market unrest had a significant effect on precious metals, which caused them to rise. However, the previous week was choppy for precious metals, and the US dollar rebounded substantially, which had a negative impact. Most mining companies also faced the adverse effects of the precious metals slump.

In this article, we’ll look at miners’ RSI (relative strength index) scores and implied volatilities. The miners we’ve selected for our analysis are Yamana Gold (AUY), Pan American Silver (PAAS), Coeur Mining (CDE), and AngloGold Ashanti (AU). In the last 30 days, AUY, PAAS, and CDE have risen 3.9%, 3.8%, and 2.4%, respectively, while AU has fallen 7.8% during the same timeframe.
Market Realist

Volatility analysis

Implied volatility is used to measure the price fluctuations in an asset based on the variations in the price of its call option. AUY, PAAS, CDE, and AU have implied volatilities of 47.8%, 32.1%, 42.7%, and 35.3%, respectively.
RSI scores

A stock’s RSI score indicates whether it’s been overbought or underbought. An RSI of over 70 suggests that a stock could be overbought and that its price could fall, and a score of below 30 indicates that a stock could be oversold and that its price could rise. AUY, PAAS, CDE, and AU have RSI scores of 63, 63.4, 51.1, and 43.8, respectively.

The Global X Silver Miners ETF (SIL) and the Sprott Gold Miners ETF (SGDM) rose 0.49% and 0.25%, respectively, on April 26, 2018, following choppy markets during the preceding days.

https://marketrealist.com/2018/05/reading-mining-companies-technical-indicators

667

RE: Inventus Mining TSX-V:IVS, GNGXF

Inventus News a long time coming:

Inventus Mining Provides Progress Report on Pardo
May 07, 2018 11:03 ET | Source: Inventus Mining Corp.

TORONTO, May 07, 2018 (GLOBE NEWSWIRE) – Inventus Mining Corp. (TSX VENTURE:IVS) (“Inventus” or the “Company”) provides a progress report on its 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario.

“We received very positive results from the 1,000 tonne bulk sample completed in 2017, even at this small scale the project costs were substantially offset by gold sales. While we still see significant exploration upside at Pardo, we are focused on the economic evaluation of the large mineralized footprint outlined by previous drilling. We believe the economics of our unique near surface flat lying paleoplacer mineralization are potentially very compelling, and that is what we are striving to demonstrate. At present, we are working towards the approval of our initial mining permit, which we anticipate this summer,” said Stefan Spears, Chairman and CEO.

Pardo - Phase II Bulk Sample

During Q1, Inventus was granted a Mining Lease covering the current core area of interest at Pardo. Upgrading the land tenure from mineral claims to a lease is integral to our objective of conducting an additional 50,000 tonne bulk sample from 4 different areas during the 2018 and 2019 field seasons. The second regulatory component required to enable the bulk sampling to proceed is the approval of a closure plan for the scope of the bulk sampling operation. The draft closure plan has been completed and will be reviewed by the regulators and other stakeholders as part of the consultation and approval process. We are optimistic that the plan will be approved this summer, which would enable us to extract and process up to 20,000 tonnes of mineralized material during 2018.

Ore Sorting Evaluation

Initial results from testing of commercial scale sorting technology on material from Pardo were encouraging. Gold grades were upgraded by 70% with high waste ejection using the X-Ray technology.

“This ore lends itself to excellent upgrading by high mass-reduction of the ROM feed material,” stated Steinert US.
Inventus Mining Provides Progress Report on Pardo

2 Likes
668

Anyone still own MUX?..

https://www.marketwatch.com/story/mcewen-mining-proposed-issue-of-notes-2018-05-25?siteid=nbsh

https://www.marketwatch.com/story/mcewen-mining-announces-new-preliminary-economic-assessment-extending-life-an-additional-10-years-in-mexico-2018-05-25?siteid=nbsh

669

Raising hand Lots of new info to digest. Would love to hear takes from CHG and/or HR.

670

Thanks Rich,
I followed your posts back in November of last year and my entry point was 1.86, still holding.

671

Congrats Hulkster!

672

Yep,yep…slow and steady building the company

673

I’m still holding 5k shares. I’m up rather nicely. Thanks.

674

Congrats guys… and thanks to whomever brought the pick here. I think it was HurricaneRick or Easy?

1 Like