Heute stehen keine weiteren Termine an. » zu den Börsenterminen von morgen Das Team von peketec.de wünscht allen Tradern und Investoren einen schönen Feierabend :-)
Siehe intern! gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 17, 2014) -
(All dollar amounts are in Canadian dollars, except where noted otherwise)
First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX:FM)(LSE:FQM) and Lumina Copper Corp. ("Lumina") (TSX VENTURE:LCC) announced today that they have entered into a definitive agreement pursuant to which First Quantum will acquire, by way of a court-approved plan of arrangement (the "Arrangement"), all of the outstanding securities of Lumina. Based upon the consideration, the total value of 100% of the fully diluted common shares of Lumina is approximately $470 million. First Quantum currently owns 2.5 million of Lumina's outstanding common shares.
Lumina is the 100% owner of the Taca Taca copper deposit located in the Puna region of Salta Province in northwest Argentina, approximately 120 kilometres east of the Escondida, the world's largest producing copper mine. Taca Taca currently has a reported National Instrument 43-101 compliant indicated mineral resource estimate of approximately 21.15 billion pounds of copper (9.6 million tonnes of copper) contained in 2.17 billion tonnes grading 0.44% copper, 0.08g/t gold and 0.013% molybdenum (0.57% copper equivalent) and an inferred mineral resource estimate of approximately 7.55 billion pounds of copper (3.4 million tonnes of copper) contained in 921 million tonnes grading 0.37% copper, 0.05g/t gold and 0.012% molybdenum (0.47% copper equivalent), using a 0.3% copper equivalent cut-off.(1) These estimates are defined by 148,000 metres of drilling. The deposit remains open in some areas to depth and along the southern boundary of the northeastern limb.
Commenting on the proposed transaction, Mr. Ross Beaty, Lumina's founder and largest shareholder said, "I am very pleased with First Quantum's proposed acquisition of our company. First Quantum is an outstanding mining company with a significant and growing portfolio of copper operations. In our view, they are the most capable company in the world to develop Taca Taca into a major copper mine. This transaction provides Lumina shareholders with the option to retain exposure to Taca Taca's future development in the hands of a world class mine development and operating team through ownership of First Quantum's shares. I encourage all Lumina shareholders to vote in favour of this transaction."
Mr. Philip Pascall, Chairman and Chief Executive Officer of First Quantum said, "The acquisition of Lumina is another step in First Quantum's long-stated objective of geographical diversification through the acquisition of world class, early-stage copper assets. Taca Taca will significantly add to First Quantum's development pipeline and is at the stage where we can apply our resources and development expertise to realize its full potential and further add to First Quantum's copper production profile. Once the acquisition of Lumina has been completed we will immediately review the Taca Taca project to determine the most efficient and economical timing for its development in the context of the projects that we are currently developing."
About the Transaction
The transaction will be carried out by way of a statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia), and must be approved by the Supreme Court of British Columbia and the affirmative vote of 662/3% of Lumina shareholders.
The completion of the transaction is subject to customary closing conditions, including the receipt of any required regulatory approvals.
Under the Arrangement, Lumina shareholders may elect to receive, in exchange for each common share of Lumina held:
•$5.00 in cash and 0.2174 of a First Quantum common share;
•0.4348 of a First Quantum common share and $0.01 in cash, subject to proration as to the number of First Quantum common shares if the total number of First Quantum common shares Lumina shareholders elect to receive exceeds 9,669,182 First Quantum common shares; or
•$10.00 in cash, subject to proration as to the amount of cash if the total cash Lumina shareholders elect to receive exceeds $222,391,175.
Lumina shareholders who do not elect any of the three options above shall be deemed to have elected to receive the cash alternative in respect of all of their Lumina common shares.
The $10.00 cash consideration for each common share of Lumina represents a 34% premium to the volume-weighted average trading price of the common shares of Lumina on the TSX Venture Exchange of $7.44 for the 20 trading days ended June 16, 2014 and a 28% premium to the closing price of the common shares of Lumina on the TSX Venture Exchange of $7.80 on June 16, 2014.
The Boards of Directors of both companies have unanimously approved the transaction.
The Board of Directors of Lumina, after consultation with its financial and legal advisors and based, in part, upon the unanimous recommendation of an independent committee of the Board of Directors of Lumina, has determined unanimously that the Arrangement is fair to the Lumina shareholders and is in the best interest of Lumina. Lumina's Board of Directors unanimously recommends that the Lumina shareholders vote in favour of the Arrangement. Raymond James Ltd. has been engaged to provide an opinion that the transaction is fair, from a financial point of view, to the Lumina shareholders (other than First Quantum). Borden Ladner Gervais LLP is acting as legal counsel toMarantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Osisko Gold Royalties Confirms Closing and Commencement of Trading
MONTREAL, QUEBEC--(Marketwired - June 16, 2014) - Osisko Gold Royalties Ltd ("Osisko Gold Royalties") (TSX : OR) is pleased to announce closing of its transaction with Agnico Eagle Mines Limited ("Agnico") and Yamana Gold Inc. ("Yamana") pursuant to a plan of arrangement (the "Arrangement").
"Osisko Gold Royalties is pleased to be making its debut today," reported Sean Roosen, Chairman and Chief Executive Officer. "We are pleased that Osisko shareholders have the unique opportunity to continue to participate in the Canadian Malartic success story as shareholders of Osisko Gold Royalties, a royalty company founded on the strong platform of that asset."
The Arrangement
Under the Arrangement, each outstanding common share of Osisko Mining Corporation ("Osisko") was exchanged for C$2.09 in cash, 0.07264 of a common share of Agnico Eagle, 0.26471 of a common share of Yamana, and one common share (one tenth of a common share on a consolidated basis) of Osisko Gold Royalties.
For Further Information
Securityholders are encouraged to read Osisko Mining Corporation's management information circular dated May 1, 2014 for full details of the Arrangement which was mailed to Osisko Mining Corporation's Securityholders and is also available on Osisko Mining Corporation's website at www.osisko.com or on SEDAR at www.sedar.com.
Shareholders who have questions or who may need assistance with the completion of letters of transmittal are advised to contact our Information Agent, Laurel Hill Advisory Group at:
North American Toll Free: 1-877-452-7184
Banks, Brokers or collect calls: 416-304-2011
Email: assistance@laurelhill.com
About Osisko Gold
Osisko Gold is the holder of a net smelter return royalty on the Canadian Malartic Gold Mine in Malartic, Québec as well as royalty and other interests in a number of exploration properties. ...
08:00 - DE Straßenverkehrsunfälle April
• 11:00 - ! EU Produktion Baugewerbe April
• 12:00 - US MBA Hypothekenanträge (Woche)
• 14:30 - US Leistungsbilanz 1. Quartal
• 16:30 - US EIA Ölmarktbericht (Woche)
• 20:00 US Federal Reserve Bank SitzungsergebnisMarantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Übernahme abgeschlossen, Osisko Gold Royalties Ltd. nimmt Handel auf
Wie gestern bekannt gegeben wurde, ist die Übernahme von Osisko Mining Corporation durch Yamana Gold Inc. und Agnico Eagles Mines Limited wie geplant zum gestrigen Montag abgeschlossen worden. Entsprechend erfolgte das Delisting der Stammaktien Osisko Minings an der Toronto Stock Exchange.
Für jede ausstehende Stammaktie Osisko Minings erhielten die Aktionäre entsprechend der Übernahmevereinbarung 2,09 CAD in bar, 0,26471 Yamana-Stammaktien und 0,07264 Agnico-Eagle-Stammaktien, sowie eine Stammaktie des neuen Unternehmens, Osisko Gold Royalties Limited, welches durch die Abspaltung einiger Assets und Verbindlichkeiten von Osisko Mining entstand.
Konkret handelt es sich hierbei um 1) eine 5%-Royalty auf den Nettoertrag der Schmelze bei der Canadian-Malartic-Mine, 2) 157 CAD in bar, 3) eine 2%-Royalty auf den Nettoertrag der Schmelze bei Kirkland Lake, Hammond Reef und bestimmten anderen Liegenschaften, 4) sämtliche Assets und Verbindlichkeiten von Osisko Mining im Guerrero-Camp, sowie 5) bestimmte andere Investments und Assets.
Die Aktien von Osisko Gold Royalties werden seit gestern unter dem Kürzel "OR" an der Toronto Stock Exchange gehandelt. Die Webseite des Unternehmens finden Sie unter www.osiskogr.com.
fast 10 Jahre hab ich nun Osisko aktiv begleitet, einige schöne Trades gemacht, war mein ersten 1k% im Depot und auch mein einzigster bisher.........damals durch einen sehr guten Trader in WO drauf gestosseen worden
bissl Wehmut, aber gut......
Osisko Gold Royalties Confirms Closing and Commencement of Trading
MONTREAL, QUEBEC--(Marketwired - June 16, 2014) - Osisko Gold Royalties Ltd ("Osisko Gold Royalties") (TSX : OR) is pleased to announce closing of its transaction with Agnico Eagle Mines Limited ("Agnico") and Yamana Gold Inc. ("Yamana") pursuant to a plan of arrangement (the "Arrangement").
"Osisko Gold Royalties is pleased to be making its debut today," reported Sean Roosen, Chairman and Chief Executive Officer. "We are pleased that Osisko shareholders have the unique opportunity to continue to participate in the Canadian Malartic success story as shareholders of Osisko Gold Royalties, a royalty company founded on the strong platform of that asset."
The Arrangement
Under the Arrangement, each outstanding common share of Osisko Mining Corporation ("Osisko") was exchanged for C$2.09 in cash, 0.07264 of a common share of Agnico Eagle, 0.26471 of a common share of Yamana, and one common share (one tenth of a common share on a consolidated basis) of Osisko Gold Royalties.
For Further Information
Securityholders are encouraged to read Osisko Mining Corporation's management information circular dated May 1, 2014 for full details of the Arrangement which was mailed to Osisko Mining Corporation's Securityholders and is also available on Osisko Mining Corporation's website at www.osisko.com or on SEDAR at www.sedar.com.
Shareholders who have questions or who may need assistance with the completion of letters of transmittal are advised to contact our Information Agent, Laurel Hill Advisory Group at:
North American Toll Free: 1-877-452-7184
Banks, Brokers or collect calls: 416-304-2011
Email: assistance@laurelhill.com
About Osisko Gold
Osisko Gold is the holder of a net smelter return royalty on the Canadian Malartic Gold Mine in Malartic, Québec as well as royalty and other interests in a number of exploration properties. ...
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Mit der Harfe? Kein Wunder, dass die schnell vom Markt geht!! gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
fast 10 Jahre hab ich nun Osisko aktiv begleitet, einige schöne Trades gemacht, war mein ersten 1k% im Depot und auch mein einzigster bisher.........damals durch einen sehr guten Trader in WO drauf gestosseen worden
bissl Wehmut, aber gut......
Osisko Gold Royalties Confirms Closing and Commencement of Trading
MONTREAL, QUEBEC--(Marketwired - June 16, 2014) - Osisko Gold Royalties Ltd ("Osisko Gold Royalties") (TSX : OR) is pleased to announce closing of its transaction with Agnico Eagle Mines Limited ("Agnico") and Yamana Gold Inc. ("Yamana") pursuant to a plan of arrangement (the "Arrangement").
"Osisko Gold Royalties is pleased to be making its debut today," reported Sean Roosen, Chairman and Chief Executive Officer. "We are pleased that Osisko shareholders have the unique opportunity to continue to participate in the Canadian Malartic success story as shareholders of Osisko Gold Royalties, a royalty company founded on the strong platform of that asset."
The Arrangement
Under the Arrangement, each outstanding common share of Osisko Mining Corporation ("Osisko") was exchanged for C$2.09 in cash, 0.07264 of a common share of Agnico Eagle, 0.26471 of a common share of Yamana, and one common share (one tenth of a common share on a consolidated basis) of Osisko Gold Royalties.
For Further Information
Securityholders are encouraged to read Osisko Mining Corporation's management information circular dated May 1, 2014 for full details of the Arrangement which was mailed to Osisko Mining Corporation's Securityholders and is also available on Osisko Mining Corporation's website at www.osisko.com or on SEDAR at www.sedar.com.
Shareholders who have questions or who may need assistance with the completion of letters of transmittal are advised to contact our Information Agent, Laurel Hill Advisory Group at:
North American Toll Free: 1-877-452-7184
Banks, Brokers or collect calls: 416-304-2011
Email: assistance@laurelhill.com
About Osisko Gold
Osisko Gold is the holder of a net smelter return royalty on the Canadian Malartic Gold Mine in Malartic, Québec as well as royalty and other interests in a number of exploration properties. ...
FR - und nun auch gute News........!ACHTUNG! ist Nachtrag von gestern.....
First Majestic Silver cheers dismissal of MMM's appeal
2014-06-09 13:37 ET - News Release
Mr. Keith Neumeyer reports
FIRST MAJESTIC WINS APPLICATION TO DISMISS APPEAL
On June 5, 2014, the Court of Appeal dismissed the appeal filed by Hector Davila Santos and Minerales y Minas Mexicanas SA de CV (MMM). As previously announced, on April 24, 2013, the Supreme Court of British Columbia awarded judgment of $93.84-million (U.S.) in favour of First Majestic Silver Corp. in the litigation against Mr. Santos and MMM. This judgment was subsequently appealed by Mr. Santos and MMM. On June 27, 2013, the Court of Appeal for British Columbia ordered Mr. Santos and MMM to post security for the unpaid trial judgment in the amount of $79-million (U.S.) (being the approximate difference between the judgment amount of $93.84-million (U.S.), less the funds of $14.85-million previously received by First Majestic) or, in the alternative, to post a letter of credit in that amount within 90 days of the order.
As Mr. Santos and MMM failed to comply with the court's order to post security or provide a letter of credit, First Majestic successfully applied for an order dismissing their appeal as abandoned. However, on March 27, 2014, the dismissal was set aside for jurisdictional reasons. First Majestic brought a new application to dismiss the appeal, which was heard by the Court of Appeal on April 8, 2014. On June 5, 2014, the Court of Appeal dismissed the appeal of Mr. Santos and MMM, stating that the court "will not condone breaches of its own orders." The court also dismissed applications by Mr. Santos and MMM seeking to have the security order varied or set aside.
Judgment against Mr. Santos and MMM should not be regarded as final until such time as all avenues for appeal have been exhausted, and the company cautions that even if the results of all such appeals are in the company's favour, it may have to take additional action in Mexico and/or Canada to try to recover the unpaid portion of the judgment. The outcome of any such action is not presently determinable.
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Bin nicht investiert! Aktuell nur WL...gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
nö.......Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
PLATIN / PALLADIUM - Marktkommentar Weinberg, CoBa ... "Nachdem schon in den letzten Tagen aus den USA und China für Mai robuste Autoabsatzzahlen gemeldet wurden, zeigten sich gestern auch die Neuzulassungen in Europa stark. Gemäß Daten des Verbands der europäischen Automobilproduzenten wurden im Mai 1,13 Mio. Autos neu zugelassen, 4,3% mehr als im Jahr zuvor. Die Jahresveränderungsrate war damit den neunten Monat in Folge positiv. Die Erholung des europäischen Automarktes setzt sich also fort, was für eine solide Nachfrage nach Platin und Palladium spricht. Beide Edelmetallpreise verteuern sich heute Morgen um über 1%, nachdem sie gestern schon zulegten." ...gemäß § 34 WpHG dürfen die Autoren zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten. Bitte beachten Sie immer den Risikohinweis unter folgendem Link: Haftungsausschluß und Disclaimer
Standard Tolling renegotiates sale of Acero claims
2014-06-18 07:08 ET - News Release
Mr. Len Clough reports
STANDARD TOLLING PROVIDES CORPORATE UPDATE
Standard Tolling Corp. has had a number of corporate developments.
Company objective
The objective of the company is to establish a toll processing business in Peru in order to capitalize on the lack of compliant ore-processing facilities in the country. Under new legislation, the government has not only looked to formalize small and artisanal mining operations but to more closely regulate the processing facilities that buy the ore. This has resulted in a number of plants being shut down entirely. By mid-August, the government will announce new laws pertaining to daily throughput thresholds and, consequently, it should level the playing field. After meeting with Peruvian government officials and the Ministry of Environment, the company is encouraged that new policy will continue to create opportunity.
Comprehensive study
Unlike the traditional exploration model where properties can be acquired and sold quickly, building a business requires a thorough analysis and a systematic rollout plan. The company commenced a comprehensive study in January to survey small mining activity, ore flow and logistics, gather information to complete financial modelling, establish an implementation team, source possible mill locations, and to assess acquisition opportunities. The study has concluded, and the company has narrowed its focus on potential acquisition targets to meet a new criteria. All prospective acquisition targets require significant due diligence, which have been overseen by Carlos Mirabal and Alex Davidson. At this point, the company is carrying out acquisition talks and continuing due diligence in Peru, and other opportunities outside of Peru will be revisited after operations are established in Peru.
Other business
The company has renegotiated the sale of the Acero claims for a one-time payment of $350,000 (U.S.). As a result of the transaction, the company will maintain a 1-per-cent net-smelter-return royalty on the project. It is anticipated that the funds will be received within the next 30 days. These funds will be used for general working capital purposes. The company continues to conserve cash by minimizing expenses, which has allowed the company to review more projects and gain valuable intelligence.
Outlook
The company remains steadfast in its pursuit for the right plant acquisition. Management appreciates the patience of its shareholders and will continue to operate prudently and source great investment opportunities.
Valterra Identifies New High-Grade Samples at the Bobcaygeon Graphite Project http://www.marketwired.com/press-re....x-venture-vqa-1921833.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 18, 2014) - Valterra Resource Corporation (TSX VENTURE:VQA)(FRANKFURT:3VA) (the "Company" or "Valterra") reported today that new sampling from the Bobcaygeon graphite property located in southern Ontario, continues to expand and develop targeting at two prospects on the project.
Sampling and mapping at the Salerno Zone returned values of up to 24.5% Cg over 1.0 metres in graphite‐rich horizons within gneissic marbles near the contact with gneissic clastic metasedimentary rocks. The new assay results confirm both earlier sampling in the area and extend mineralization to the north and northeast. The graphite‐rich horizon lies along the north contact of the Salerno Creek Deformation Zone, and is believed to extend some 1800 meters to the west and is up to 60 to 120 meters wide. Further sampling on the Salerno Creek Zone suggests that there is potential for several other parallel zones located to the north of the current sampling; assays from these samples are pending.Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Golden Minerals to restart mining at Velardena in July
2014-06-18 07:50 ET - News Release
Mr. Jeffrey Clevenger reports
GOLDEN MINERALS TO RESTART VELARDENA MINING IN JULY 2014
Golden Minerals Company. has released plans for a July, 2014, restart of mining at its Velardena properties located in Durango state, Mexico. Once mining and processing are ramped up to approximately 285 tonnes per day (tpd) of sulphide ore in mid-2015, the company expects output of approximately one million to 1.2 million silver equivalent ounces per year (including silver and gold but excluding lead and zinc), with cash costs between $12 and $15 per silver ounce net of byproduct credits. Golden has completed a 9,000-metre drill program at Velardena in vein systems located largely outside the currently defined Canadian National Institute 43-101-compliant resource. That drill program represents the first known drilling of the Terneras vein system sulphides in the area below the historic mine workings. The company's drilling, mine planning and analysis indicate that positive net cash flow may be achieved at the Velardena properties at current silver and gold prices. An independent engineering firm participated in the preparation of the mining plan.
Chairman, president and chief executive officer Jeffrey G. Clevenger noted: "Our team has worked diligently since the suspension of operations at Velardena to streamline the operation for a restart. A year ago we were looking at cash costs in excess of $30 per silver ounce and now we are excited to begin the ramp-up process to achieve costs and margins based on production at $12 to $15 per silver ounce. Once ramped up, our restart plans show incremental cash for the company of about $5[-million] to $8-million per year at today's prices (approximately $20 per ounce silver and $1,250 per ounce gold) as compared to holding the property for the future."
Lower cost operation
The company plans to reopen Velardena as a leaner and lower cost mine. The company has hired a new and proven team of mining professionals including a new general manager and managers for both the mine and mill. By year-end 2014, the property is projected to employ approximately 150 people, with approximately 100 employees under a new labour union agreement. This figure is less than one-third the number employed prior to June, 2013, when the company was running both sulphide and oxide plants and processing a combined total of approximately 500 tpd. Shortly prior to suspending mining operations in 2013, Golden Minerals completed a 1.9-kilometre, production-sized access ramp into the Velardena mine. This ramp will provide more efficient and lower cost removal of mined material from the underground mine workings as compared with presuspension haulage primarily from a low-capacity internal shaft.
The company plans to reopen Velardena utilizing an overhand cut-and-fill mining method and slusher mucking in the stopes. This mining method should allow mining vein widths as narrow as 0.5 metres, which should significantly decrease dilution and allow higher-grade material to be hauled to the mill. For conservative planning purposes, the company has assumed dilution of the veins to one-metre widths.
Going forward, the company expects mining to focus on the San Mateo and Terneras vein systems. Drilling results and metallurgical studies indicate that these two systems, mined only intermittently by Golden in the past, contain higher-grade material over more consistent widths in the 0.5-to-one-metre range, with significantly lower arsenic levels than those seen in the Santa Juana vein system that was the focus of previous mining activity. The company expects that the lower arsenic will provide improved payment terms and metallurgical recovery of the metals.
Timeline of activities
Golden Minerals plans to begin mining in the third quarter 2014, focused primarily in the San Mateo vein. The company anticipates stockpiling mined material until the fourth quarter 2014, at which time the company expects to commence processing mined material through the sulphide mill. Golden Minerals anticipates mining from both the San Mateo and Terneras vein systems during the fourth quarter 2014, with mining in the Terneras vein ramping up in the second quarter 2015. Plans call for sulphide mill processing of approximately 150 tpd during the fourth quarter 2014, with processing increasing to approximately 285 tpd in mid-2015. The company expects to produce payable metals beginning in the fourth quarter 2014 of approximately 150,000 ounces of silver equivalents (including silver and gold but excluding lead and zinc), increasing to approximately 275,000 ounces of silver equivalents per quarter in mid-2015 when the ramp-up is completed. The plan forecasts cash costs per silver ounce, net of byproduct credits, of approximately $30 in the fourth quarter 2014, decreasing to between $12 and $15 by mid-2015. The mining plan calls for production of lead, zinc and gold-bearing pyrite concentrates. The mining plan is based on favourable results of preliminary metallurgical testing and the company's expectation, based on the results of the 2014 drill program, that processed material will contain an average of approximately four grams per tonne gold and from 200 to 250 grams per tonne silver. As noted above, other than portions of the San Mateo vein, this material is not included in the company's NI 43-101 resource or in the company's reported mineralized material.
2014 costs
The incremental 2014 cash outlay to resume operations is estimated at $3-million. This comprises $1-million in restart capital costs for mill improvements and slusher equipment plus $3-million of negative gross margin (revenue less cost of sales) in 2014, offset by approximately $1-million of avoided care and maintenance costs associated with holding the property in suspension. The company also plans to explore possible sales of excess mining equipment which could offset part of the $3-million cash outlay.
Aurvista starts environmental baseline study at Douay
2014-06-18 08:14 ET - News Release
Mr. Richard Adams reports
AURVISTA GOLD PROVIDES CORPORATE UPDATE
Aurvista Gold Corp. is providing a corporate update in regard to the recent developments on the Douay gold project located in Northern Quebec along the Abitibi greenstone belt.
Aurvista is pleased to announce the appointment to the company of Chris Sharpe, PEng, to the role of vice-president, engineering. Under this new role, Mr. Sharpe will advance the engineering and development of the Douay West deposit to a production decision. Prior to joining Aurvista, Mr. Sharpe held progressively senior engineering positions with AuRico Gold, Wardrop Engineering and Golder Associates.
Douay West zone
The company is pleased to announce that it has engaged a third party consultant to complete an environmental baseline study. The baseline study will focus on a four-square-kilometre area that encompasses the Douay West zone, and will present environmental conditions related to the existing physical, biological and chemical environments. The results will provide valuable input to both current and future engineering work as it will better enable the project team to reduce any potential impacts to the environment during the design process. The start of the baseline study represents a milestone for the advancement of the Douay West zone through the environmental permitting process.
In addition to the baseline study, the company commenced an engineering study in early May that is focused on developing a production scenario for the Douay West zone that might include an open pit, underground, or both. The study is initially focusing on the potential of mining the zone by open pit in order to better maximize project economics. To date, Aurvista has received a preliminary assessment on likely overburden slope angles from a respected third party consultant. The work was based on the results of past drilling campaigns and will be used in part to investigate the economics of a potential open pit and to provide recommendations for future studies. The results of the engineering study will better enable management to make an informed decision with respect to any infill drilling programs, tradeoff studies and ultimately to advance the project to a prefeasibility level of study.
In support of the engineering initiatives, Aurvista has begun to examine the various optical ore sorting technologies available. The company intends to have testwork completed in August to determine if such a technology would be amenable to the Douay West zone. A positive outcome would benefit project economics by reducing off-site haulage costs to nearby mills and by elevating the gold grades of the ore recovered by the partial separation of any waste materials that might become included as part of the mining cycle. The company continues to investigate potential toll milling agreements with local mills. An agreement is not expected until some time after the results of the optical sorting tests have been received.
The company expects to receive the environmental baseline study by the end of the fourth quarter of this year. The engineering study is anticipated to be finalized by the end of the third quarter of 2014. Pending the results, the company will then consider moving the project forward into the prefeasibility stage of study.
Douay project
On the overall Douay project, the company has also recently completed a property-wide 3-D geophysical interpretation on all project targets. Aurvista will use these results to design the next drill campaign on the property. "The 3-D geophysical interpretation will give us a strong visual tool that we will be able to use to more fully assess the project potential. This work will be an integral part in the design of our next drill campaign," said Rick Adams, president and chief executive officer of Aurvista Gold.
"The studies we have completed or that are currently under way are a major step forward to realizing the full potential of the Douay West zone as well as the project as a whole."
Aurvista maintains a strong cash balance and currently has approximately $2-million cash on hand.
"The company has done well in dialling back costs that were not accretive to share price appreciation. It is crucial for us to maintain this strong cash balance to give us more options moving forward," stated Bryan Keeler, chief financial officer of Aurvista.
Hier mal eine Frage an unseren Hardcore -Zocker @Fischi
Anbei ein Auszug aus dem letztem MD&A von ORO:
Haben zwar kein cash...aber 2,6 Mio. Unzen und Barrick ist seit 2003 dabei und eine Option das Projekt zu 70% zu übernehmen...
oder...das ist eher meine Sichtweise
=> ORO komplett übernehmen (ORO marketcap: ca. 4,5 Mio. !!!!)
Hälst Du eine Übernahme für wahrscheinlich???
New Oroperu is an exploration stage company engaged in the identification, evaluation, acquisition and exploration primarily of gold properties in Peru. The Company is a reporting issuer in British Columbia, Alberta and Ontario and trades on the TSX Venture Exchange under the symbol ORO.
This MD&A contains forward-looking statements. Please refer to the cautionary language at the end of this document.
Company Overview
The Company continues to maintain its 100% interest in the Tres Cruces gold project in north central Peru, which has been under an option to purchase agreement with a subsidiary of Barrick Gold Corp. (Minera Barrick Misquichilca S.A.) (“Barrick”). To date, Barrick has not reported any field work conducted on the Tres Cruces project so far this year.
Tres Cruces Gold Project
The Tres Cruces project has been under an option to purchase agreement with Barrick since 2003. To maintain its option, Barrick must make a payment to the Company of $250,000 a year, which to date has been subject to a 30% Peruvian withholding tax. Under the terms of the agreement, all exploration expenditures deemed necessary by Barrick to make a production decision will be paid by Barrick at no cost to the Company. Following a production decision, the Company would retain a 30% fully financed interest in Aurifera, a 2% royalty interest and receive a $1,000,000 advance royalty payment. Barrick has conducted extensive exploration work on the property and in October 2012, the Company announced the completion of an independent technical report which expanded the property’s mineral resource estimate, based on Barrick’s and the Company’s own exploration data and analysis. The technical report was a milestone for the Company and contains an estimate of 2.6 million oz. of gold in the measured and indicated category at a 0.6 g/t gold cut-off (see news release dated October 16, 2012).
This estimate was based on 359 drill holes and nearly 74,000 meters of drilling and represents a substantial increase from an earlier historical resource estimate of 1.7 million oz of gold. There is also an inferred resource in areas immediately adjacent to the deposit and at depth which may be converted to a higher category with additional drilling. The gold mineralized system is open to depth with some drill holes bottoming in mineralization. Further exploration is warranted to define the full extent of mineralization.
At present, the development of the Tres Cruces project is dependent on Barrick’s plans and decisions relating to its option and ultimately to bringing the project into production. Although there is no certainty that it will continue, Barrick has maintained the option since 2003, and New Oroperu expects that Barrick will continue to do so and will eventually advance the project to a production decision.
NEW OROPERU RESOURCES INC.
MANAGEMENT DISCUSSION & ANALYSIS
For the three months ended March 31, 2014
(Expressed in US dollars)
2
Working Capital
As of the date of this MD&A, the Company has a working capital deficiency of approximately $280,000. Of that amount, approximately $190,000 represents the aggregate amount of loans and accrued interest outstanding from a CAD $175,000 financing completed last May 2013. It is New Oroperu’s intention to negotiate a conversion of these loans into equity in the Company before their maturity date of June 30, 2014 or, in the alternative, to seek the agreement of the lenders to extend the maturity date of the loans.
The Company also anticipates a $250,000 option payment from Barrick in May 2013 ($175,000 net, after Peruvian withholding taxes), which will also contribute to the replenishment of the Company’s working capital until further financing can be obtained. The Company is in the process of reviewing Peruvian compliance requirements, with a goal to eliminate the withholding taxes from the payment. The matter is currently under review and remains uncertain.
The Company's cash position at March 31, 2014 was $80,467 (2013-26,490) and with all proposed exploration expenditures for the Tres Cruces project being covered by Barrick under its option agreement with the Company, the Company believes that it will have sufficient cash to meet its projected operating requirements for the next year without additional financing if it can convert its outstanding loans to equity, or extend the due date of the loans, and if it receives the May 2014 payment from Barrick. New Oroperu had a working capital deficiency of $237,504 at March 31, 2014 (December 31, 2013-$152,210 deficiency).
The Tres Cruces Gold Project
The Tres Cruces project is under option to Barrick, as discussed in the above Company Overview. Barrick can earn a 70% interest in Aurifera, subject to an underlying 1.5% royalty and 2% royalty to the Company. Nearby the Tres Cruces project, about 10 km to the north, Barrick has invested an estimated $340 million in the development of its Lagunas Norte deposit where production started in June 2005. Since then the Lagunas Norte project has reported several years of production greater than 1 million oz. of gold per year and, most recently in 2013, Barrick reported production of 606,300 oz. gold at an all-in sustaining cost of $627/oz. Barrick also reported proven and probable reserves of 3.75 million oz. gold at Lagunas Norte as of December 31, 2013.
The Company believes that the proximal location of the Tres Cruces project to Barrick’s operations would enhance the economics for the development of the Tres Cruces deposit.
New Oroperu has a NI 43-101 technical report on the Tres Cruces project entitled “Technical Report on the Tres Cruces Project, North Central Peru”, dated September 28, 2012, by Peter A. Lacroix, P. Eng. of Lacroix & Associates, which updated mineral resource estimates for the Tres Cruces propect based on all available information to that date. According to the report, the Tres Cruces mineral resource is estimated to contain 2.6 million oz. of gold at a 0.6 g/t Au cut-off in the measured and indicated category.
A complete copy of the report is available at www.sedar.com or through the Company’s website at www.oroperu.com.3
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Hier der link zu Barricks Mine in der Nähe von ORO`s Projekt:
• 06:30 - JP All-Industry-Index April
• 10:30 - GB Einzelhandelsumsatz Mai
• 14:30 - ! US Erstanträge Arbeitslosenhilfe (Woche)
• 16:00 - ! US Philadelphia Fed Index Juni
• 16:00 - ! US Frühindikatoren Mai
• 16:00 - US Ankündigung 3- u. 6-monatiger Bills
• 16:30 - ! US EIA Erdgasbericht (Woche)Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Kenn ich gar nicht, ein interessanter Schlaefer. Das ist so ein Wert, da weiss man nie, wann was passiert. Kann morgen sein, kann in einigen Jahren sein.
Die Lagunas Norte Mine hat noch mehr als 3mio Reserven, wird also bei momentaner Produktion fuer weitere ca. 5-6 Jahre voll ausgelastet sein. Wenn das flow-sheet fuer Tres Cruces aehnlich oder gleich Lagunas ist, kann ich mir kaum vorstellen, dass Barrick da bei nur noch 5 Jahren Reserven eine neue Mine baut, sondern eher darauf spekuliert, irgenwann wenn Lagunas erschoepft ist Mill Feed von Tres Cruces zu foerdern.
Die Grades und der Cut off bei Tres Cruces sind besser und konservativer als bei Lagunas, oekonomisch sollte das also sein.
Daher wird m.E. Barrick die Option irgendwann ziehen, nur wann...
Wenn man bis zu 5 Jahre warten kann wuerde das sicher kein Verlustgeschaeft (falls Peru nicht verstaatlicht).
Hier mal eine Frage an unseren Hardcore -Zocker @Fischi
Anbei ein Auszug aus dem letztem MD&A von ORO:
Haben zwar kein cash...aber 2,6 Mio. Unzen und Barrick ist seit 2003 dabei und eine Option das Projekt zu 70% zu übernehmen...
oder...das ist eher meine Sichtweise
=> ORO komplett übernehmen (ORO marketcap: ca. 4,5 Mio. !!!!)
Hälst Du eine Übernahme für wahrscheinlich???
New Oroperu is an exploration stage company engaged in the identification, evaluation, acquisition and exploration primarily of gold properties in Peru. The Company is a reporting issuer in British Columbia, Alberta and Ontario and trades on the TSX Venture Exchange under the symbol ORO.
...
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Kenn ich gar nicht, ein interessanter Schlaefer. Das ist so ein Wert, da weiss man nie, wann was passiert. Kann morgen sein, kann in einigen Jahren sein.
Die Lagunas Norte Mine hat noch mehr als 3mio Reserven, wird also bei momentaner Produktion fuer weitere ca. 5-6 Jahre voll ausgelastet sein. Wenn das flow-sheet fuer Tres Cruces aehnlich oder gleich Lagunas ist, kann ich mir kaum vorstellen, dass Barrick da bei nur noch 5 Jahren Reserven eine neue Mine baut, sondern eher darauf spekuliert, irgenwann wenn Lagunas erschoepft ist Mill Feed von Tres Cruces zu foerdern.
Die Grades und der Cut off bei Tres Cruces sind besser und konservativer als bei Lagunas, oekonomisch sollte das also sein.
Daher wird m.E. Barrick die Option irgendwann ziehen, nur wann...
Wenn man bis zu 5 Jahre warten kann wuerde das sicher kein Verlustgeschaeft (falls Peru nicht verstaatlicht).
Hier mal eine Frage an unseren Hardcore -Zocker @Fischi
Anbei ein Auszug aus dem letztem MD&A von ORO:
Haben zwar kein cash...aber 2,6 Mio. Unzen und Barrick ist seit 2003 dabei und eine Option das Projekt zu 70% zu übernehmen...
oder...das ist eher meine Sichtweise
=> ORO komplett übernehmen (ORO marketcap: ca. 4,5 Mio. !!!!)
Hälst Du eine Übernahme für wahrscheinlich???
New Oroperu is an exploration stage company engaged in the identification, evaluation, acquisition and exploration primarily of gold properties in Peru. The Company is a reporting issuer in British Columbia, Alberta and Ontario and trades on the TSX Venture Exchange under the symbol ORO.
...
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Gold vor einigen großen Widerständen. Rechne erstmal wieder mit einem weiteren Rücksetzer bevor es höher geht gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Mal schauen heute!!
nö.......
