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[Kostolanys Erbe]

Gestern Gap-Close auf der 0,135 CAN$ aus November 2014!

Kostolanys Erbe schrieb am 11.08.2015, 14:45 Uhr[/url]"]Inca One produces 3,186 oz Au, 4,069 oz Ag since June 3


2015-08-11 08:40 ET - News Release


Mr. Edward Kelly reports

INCA ONE ANNOUNCES EXPORT OF AN ADDITIONAL 3,186 OUNCES OF GOLD AND 4,069 OUNCES OF SILVER AT CHALA ONE SINCE JUNE 3, 2015

Inca One Gold Corp., since its press release of June 9, 2015, has produced an additional total of 3,186 ounces (99,096 grams) of gold and 4,069 ounces (126,560 grams) of silver from 4,199 tonnes of material in connection with operations undertaken from June 3, 2015, through July 31, 2015, at the company's subsidiary, Chala One SAC, in Peru. Including the results announced today, the company has processed a total of 11,247 tonnes of material, and recovered and sold a total of 8,513 ounces of gold and 8,882 ounces of silver. This amounts to approximately 0.76 ounce of gold recovered per tonne of material processed.

Over the last few weeks the company has begun expansion and is nearing completion of a new 100,000-tonne-capacity tailings pond. At current production levels, the new tailings pond is expected to hold three additional years of production tailings.

Edward Kelly, president and chief executive officer, stated: "The Chala One plant has delivered a record performance in the past eight weeks despite challenging market conditions. Looking forward over the remaining months in 2015, we anticipate a continued production rate of 80 tonnes per day to 100 tpd with a focus on increasing recoveries through processes we can bring in house and operational efficiencies."

Van Phu Bui, BSc, PGeo, a director of the company and a qualified person under the terms of National Instrument 43-101, has approved the technical information in this news release.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aIO-2301152&symbol=IO&region=C

 

[Kostolanys Erbe]

schöner Rebound

PerseusLtd schrieb am 11.08.2015, 15:36 Uhr[/url]"]Scheint eine erste Bodenbildung im Gange zu sein

Kostolanys Erbe schrieb am 10.08.2015, 23:36 Uhr[/url]"]PLG Volumen !!!

» zur Grafik

 

[Kostolanys Erbe]

Volumen heute bei IO

Kostolanys Erbe schrieb am 12.08.2015, 08:03 Uhr[/url]"]Gestern Gap-Close auf der 0,135 CAN$ aus November 2014!

Kostolanys Erbe schrieb am 11.08.2015, 14:45 Uhr[/url]"]Inca One produces 3,186 oz Au, 4,069 oz Ag since June 3


2015-08-11 08:40 ET - News Release


Mr. Edward Kelly reports

INCA ONE ANNOUNCES EXPORT OF AN ADDITIONAL 3,186 OUNCES OF GOLD AND 4,069 OUNCES OF SILVER AT CHALA ONE SINCE JUNE 3, 2015

Inca One Gold Corp., since its press release of June 9, 2015, has produced an additional total of 3,186 ounces (99,096 grams) of gold and 4,069 ounces (126,560 grams) of silver from 4,199 tonnes of material in connection with operations undertaken from June 3, 2015, through July 31, 2015, at the company's subsidiary, Chala One SAC, in Peru. Including the results announced today, the company has processed a total of 11,247 tonnes of material, and recovered and sold a total of 8,513 ounces of gold and 8,882 ounces of silver. This amounts to approximately 0.76 ounce of gold recovered per tonne of material processed.

Over the last few weeks the company has begun expansion and is nearing completion of a new 100,000-tonne-capacity tailings pond. At current production levels, the new tailings pond is expected to hold three additional years of production tailings.

Edward Kelly, president and chief executive officer, stated: "The Chala One plant has delivered a record performance in the past eight weeks despite challenging market conditions. Looking forward over the remaining months in 2015, we anticipate a continued production rate of 80 tonnes per day to 100 tpd with a focus on increasing recoveries through processes we can bring in house and operational efficiencies."

Van Phu Bui, BSc, PGeo, a director of the company and a qualified person under the terms of National Instrument 43-101, has approved the technical information in this news release.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aIO-2301152&symbol=IO&region=C

 

[PerseusLtd]

PLG News

http://www.stockhouse.com/news/press-releases/2015/08/12/pilot-gold-reports-results-from-the-second-quarter-of-2015

 

[Kostolanys Erbe]

Bei TmxMoney gestern
Insider-Verkäufe von 1.665.700 Stück!

Kostolanys Erbe schrieb am 12.08.2015, 21:41 Uhr[/url]"] Volumen heute bei IO


» zur Grafik

Kostolanys Erbe schrieb am 12.08.2015, 08:03 Uhr[/url]"]Gestern Gap-Close auf der 0,135 CAN$ aus November 2014!

Kostolanys Erbe schrieb am 11.08.2015, 14:45 Uhr[/url]"]Inca One produces 3,186 oz Au, 4,069 oz Ag since June 3

2015-08-11 08:40 ET - News Release

Mr. Edward Kelly reports

INCA ONE ANNOUNCES EXPORT OF AN ADDITIONAL 3,186 OUNCES OF GOLD AND 4,069 OUNCES OF SILVER AT CHALA ONE SINCE JUNE 3, 2015

Inca One Gold Corp., since its press release of June 9, 2015, has produced an additional total of 3,186 ounces (99,096 grams) of gold and 4,069 ounces (126,560 grams) of silver from 4,199 tonnes of material in connection with operations undertaken from June 3, 2015, through July 31, 2015, at the company's subsidiary, Chala One SAC, in Peru. Including the results announced today, the company has processed a total of 11,247 tonnes of material, and recovered and sold a total of 8,513 ounces of gold and 8,882 ounces of silver. This amounts to approximately 0.76 ounce of gold recovered per tonne of material processed.

Over the last few weeks the company has begun expansion and is nearing completion of a new 100,000-tonne-capacity tailings pond. At current production levels, the new tailings pond is expected to hold three additional years of production tailings.

Edward Kelly, president and chief executive officer, stated: "The Chala One plant has delivered a record performance in the past eight weeks despite challenging market conditions. Looking forward over the remaining months in 2015, we anticipate a continued production rate of 80 tonnes per day to 100 tpd with a focus on increasing recoveries through processes we can bring in house and operational efficiencies."

Van Phu Bui, BSc, PGeo, a director of the company and a qualified person under the terms of National Instrument 43-101, has approved the technical information in this news release.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aIO-2301152&symbol=IO&region=C

 

[Kostolanys Erbe]

Silvercorp earns $3.77M (U.S.) in Q1; suspends dividend

2015-08-13 16:41 ET - News Release



An anonymous director reports

SILVERCORP REPORTS Q1 FISCAL 2016 FINANCIAL AND OPERATING RESULTS

Silvercorp Metals Inc. has released its financial and operating results for the fiscal 2016 first quarter ended June 30, 2015. All amounts are expressed in U.S. dollars.

FIRST QUARTER HIGHLIGHTSSilver sales of 1.4 million ounces, lead sales of 14.9 million pounds, and zinc sales of 4.6 million pounds, up 22%, 29%, and 276% from the prior year quarter; Sales of $32.2 million, up 5% from the prior year quarter despite a 17% and 8% decline in the average selling price of silver and lead from prior year period; Gross margin of 36% compared with 51% in the prior year period; Cash flows from operations of $13.3 million, or $0.08 per share; Net income attributable to equity shareholders of $2.3 million, or $0.01 per share; Cash cost per ounce of silver, net of by-product credits, of $1.39, compared to $0.46 in the prior year quarter; and All-in sustaining cost per ounce of silver, net of by-product credits, of $10.94, compared to $11.88 in the prior year quarter. Ended the quarter with $74.9 million in cash and short term investments.

FINANCIALSNet income attributable to the shareholders of the Company in Q1 Fiscal 2016 was $2.3 million, or $0.01 per share compared to $2.7 million, or $0.02 per share for the three months ended June 30, 2014 ("Q1 Fiscal 2015"). In the current quarter, the Company's financial results were mainly impacted by the following: (i) improved head grades yielded higher silver, lead, zinc sales of 6%, 8% and 26%, respectively, at the Ying Mining District even as ore milled decreased by 6% compared to the same prior year quarter, (ii) $5.9 million in metals sales was added from the commercial production at the GC mine, offset by (iii) higher unit production costs resulting from the interruption of a mining contractor changeover at the SGX mine, (iv) lower metals prices, as the realized selling price for silver and lead at the Ying Mining District dropped by 15% and 3%, respectively, compared to the same prior year quarter, and (v) lower gold production and sales as operations at BYP mines have been suspended since August 2014. Sales in Q1 Fiscal 2016 were $32.2 million compared to $30.6 million in Q1 Fiscal 2015. Silver and gold sales represented $17.9 million and $0.7 million, respectively, while base metals represented $13.6 million of total sales in this quarter compared to silver, gold and base metals of $17.8 million, $3.4 million, and $9.4 million, respectively, in Q1 Fiscal 2015Cost of sales in Q1 Fiscal 2016 was $20.8 million compared to $15.0 million in Q1 Fiscal 2015. The cost of sales included $16.2 million (Q1 Fiscal 2015 - $11.9 million) cash costs and $4.6 million (Q1 Fiscal 2015 - $3.1) depreciation, amortization and depletion charges. The increase in cost of sales is mainly due to: i) a 21% increase in cash mining cost per tonne at the Ying Mining District, mainly resulting from the one-time compensation arising from a mining contractor's termination and more in-stope drilling and mining preparation tunnelling to achieve better grade control, ii) a 43% increase in non-cash mining cost per tonne resulting from additional amortization arising from the mining right fee capitalized in Fiscal 2015 and the inclusion of GC mine's production results, and iii) more metals sold in the current quarter. Gross profit margin in Q1 Fiscal 2016 was 36% compared to 51% in Q1 Fiscal 2015. The inclusion of the 9% gross profit margin from the GC mine contributed to a reduced average gross profit margin. Ying Mining District's gross profit margin was 41% compared to a 52% gross profit margin in the same prior year quarter. The decrease in gross profit is also due to the decline of metal prices and increased per tonne production costs. Cash flows provided by operating activities were $13.3 million or $0.08 per share in Q1 Fiscal 2016 compared to $13.8 million or $0.08 per share in Q1 Fiscal 2015.

OPERATIONS AND DEVELOPMENT In Q1 Fiscal 2016, the Company sold 1.4 million ounces of silver, 14.9 million pounds of lead, and 4.6 million pounds of zinc, compared to 1.1 million ounces of silver, 11.5 million pounds of lead, and 1.2 million pounds of zinc, respectively, in Q1 Fiscal 2015. Metal production in this quarter was positively impacted by improved dilution control, which resulted in a 10% and 8% increase in silver and lead head grades at the Ying Mining District. In addition, the commencement of commercial production at the GC mine also contributed to higher metal production and sales.

1. Ying Mining District, Henan Province, ChinaIn Q1 Fiscal 2016, the total ore mined at the Ying Mining District was 167,107 tonnes compared to total ore production of 173,485 tonnes in Q1 Fiscal 2015. Silver and lead head grades improved by 10% and 8%, respectively, to 250 grams per tonne ("g/t") for silver and 3.6% for lead from 227 g/t for silver and 3.3% for lead, respectively, in Q1 Fiscal 2015.In Q1 Fiscal 2016, the Ying Mining District sold 1.2 million ounces of silver, 900 ounces of gold, 12.5 million pounds of lead, and 1.5 million pounds of zinc, compared to 1.1 million ounces of silver, 800 ounces of gold, 11.5 million pounds of lead, and 1.2 million pounds of zinc in Q1 Fiscal 2015. The increase in metals sold is mainly due to the improved head grades achieved offset by lower ore production in the quarter.In February 2015, the Company terminated one mining contractor upon the expiration of its contract and entered into contracts with three new mining contractors to replace the terminated contractor who previously worked out of three portals at the SGX mine. Regrettably, the changeover process for the terminated contractor was slow as the Company and the contractor being terminated had protracted disagreements and negotiations regarding the final bill payment. In June 2015, the Company reached an agreement with the terminated contractor, resulting in the contractor departing from all the three portals, which have now returned to normal operations. The changeover disruptions have impacted not only the production but also resulted in additional costs incurred at the SGX mine in the current quarter.Total and cash mining costs per tonne were $75.00 and $56.65, respectively, compared to $58.35 and $46.96, respectively, in Q1 2015. The increase in mining costs was mainly due to: i) the mining contractor changeover interruption resulting in approximately an additional $6.00 per tonne; ii) approximately 20% increase in mining preparation expenditures as more in-stope diamond drilling and preparation tunnelling were used to achieve better grade and dilution control, and iii) lower output resulting in a higher per unit fixed cost allocation. All in sustaining costs, net of by-product credits, at the Ying Mining District in Q1 2016 was $9.18 per ounce of silver compared to $9.29 in Q1 Fiscal 2015In Q1 Fiscal 2016, total ore milled at the Ying Mining District was 160,277 tonnes, a decrease of 5% compared to 169,480 tonnes in Q1 Fiscal 2015. Cash milling costs were $12.98 compared to $12.16 in Q1 Fiscal 2015, and the increase was mainly due to lower ore milled in the current quarter.During the quarter, the Company completed approximately 24,575 metres ("m") of horizontal tunnels, raises and declines and 16,366 m of in-stope diamond drilling. Total capitalized exploration and development expenditures for the Ying Mining District were $6.1 million compared to $8.1 million in Q1 Fiscal 2015. The operational results at the Ying Mining District for the past five quarters are summarized in the table below:

Operational results - Ying Mining District
Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015
30-Jun-1531-Mar-1531-Dec-1430-Sep-1430-Jun-14
Ore Mined (tonne) 167,107 112,327 175,782 197,135 173,485
Ore Milled(tonne) 160,277 99,478 187,154 190,831 169,480
Metal Sales
Silver (in thousands of ounce) 1,190 822 1,421 1,251 1,126
Gold(in thousands of ounce) 0.9 0.6 0.9 0.8 0.8
Lead (in thousands of pound) 12,454 8,312 14,168 12,665 11,529
Zinc(in thousands of pound) 1,529 875 2,531 1,944 1,211
Head Grades
Silver(gram/tonne) 250 268 253 223 227
Lead (%) 3.6 3.7 3.6 3.3 3.3
Zinc (%) 0.8 0.8 1.0 0.7 0.7
Recovery Rates
Silver (%) 94.7 94.8 94.7 94.4 93.6
Lead (%) 94.9 95.3 95.9 95.2 95.8
Zinc(%) 53.5 52.4 66.8 56.7 56.8
Cash mining cost ($ per tonne) 56.65 53.25 57.79 43.62 46.96
Total mining cost ($ per tonne) 75.00 74.84 73.28 55.41 58.35
Cash milling cost ($ per tonne) 12.98 16.20 13.63 12.77 12.16
Total milling cost ($ per tonne) 15.40 20.09 15.77 14.85 14.48




2. GC Mine, Guangdong Province, ChinaCommercial production at GC mine commenced on July 1, 2014, and the trial mining operation results in Q1 Fiscal 2015 have been excluded from the consolidated operation results discussed above and revenue realized from metal sales during the trial period was offset against cost capitalized. A summary of the operational results of GC mine for the past five quarters, including the trial mining operation results in Q1 Fiscal 2015, is as follows:

Production results - GC Mine Commercial production Pre-commercialproduction

Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015
30-Jun-1531-Mar-1531-Dec-1430-Sep-14 30-Jun-14

Ore Mined (tonne) 66,727 46,111 87,916 70,898 48,396
Ore Milled(tonne) 66,679 46,100 90,287 69,144 55,784
Metal Sales
Silver (in thousands of ounce) 181 99 251 151 145
Lead (in thousands of pound) 2,420 867 2,500 1,428 1,461
Zinc(in thousands of pound) 3,029 1,668 4,452 3,259 2,314
Head Grades
Silver (gram/tonne) 93 107 104 107 110
Lead (%) 1.7 1.2 1.3 1.4 1.4
Zinc (%) 2.5 2.6 2.6 2.8 2.5
Recovery Rates
Silver (%) 79.3 76.1 75.9 79.4 76.3
Lead (%) 89.7 84.9 85.9 88.1 85.4
Zinc(%) 85.1 80.0 80.6 81.0 80.2
Cash mining cost ($ per tonne) 48.74 86.35 33.11 29.25 42.23
Total mining cost ($ per tonne) 56.83 132.41 55.20 51.69 64.62
Cash milling cost ($ per tonne) 15.52 42.70 15.82 17.59 19.17
Total milling cost ($ per tonne) 17.83 58.58 19.88 22.81 25.54



Total ore mined at GC mine in Q1 Fiscal 2016 was 66,727 tonnes at a total mining cost and cash mining cost of $56.83 and $48.74, compared to 48,396 tonnes mined during the pre-commercial period in Q1 Fiscal 2015 at a total mining cost and cash mining cost of $64.62 and $42.23. Total ore milled at GC mine in Q1 Fiscal 2016 was 66,679 at a total milling cost and cash milling cost of $17.83 and $15.52, compared to 55,784 tonnes milled during the pre-commercial period in Q1 Fiscal 2015 at a total milling cost and cash milling cost of $25.54 and $19.17. The production level at GC mine has significant impact on the cash mining cost while the decrease in the non-cash cost was mainly due to substantial impairment charges taken against the long-lived assets at GC mine at the end of Fiscal 2015.The head grades at GC mine were 93 g/t for silver, 1.7% for lead, and 2.5% for zinc in Q1 Fiscal 2016 compared to 110 g/t for silver, 1.4% for lead, and 2.5% for zinc respectively, in Q1 Fiscal 2015.. Lead head grade improved by approximately 21%, zinc head grade is relatively steady while silver grade dropped by 15%. Recovery rates at GC mine has gradually improved and achieved 79.3% for silver, 89.7% for lead, and 85.1% for zinc. In Q1 Fiscal 2016, the Company completed approximately 4,654 m of horizontal tunnels, raises and declines and 7,416 m of diamond drilling at GC mine. Total capitalized exploration expenditures at GC mine was $0.2 million compared to $0.4 million in Q1 Fiscal 2015.

SUSPENSION OF DIVIDEND PAYMENTSIn light of the lower commodity price environment and the Company's desire to preserve capital, the Board of Directors will not be declaring a dividend. The declaration and payment of future dividends, if any, is at the discretion of the Board of Directors and any future decision to re-instate dividend payments, if at all, will be based on a number of factors including commodity prices, market conditions, financial results, cash requirements and other relevant factors.

APPOINTMENT OF SENIOR MANAGEMENT The Company is pleased to announce the appointment of Derek Liu as Chief Financial Officer, after successful serving in the role of interim Chief Financial Officer since February 2015. Derek Liu is a professional accountant with over 15 years of diverse international experience in financial reporting, auditing, and accounting. He is a member of Certified General Accountants Association of British Columbia ("CGA, BC") and a Certified Public Accountant ("CPA") in the State of Colorado, USA. He has held senior accounting positions, such as corporate controller and chief financial officer, at a number of public Canadian mining companies for the past several years including the role of financial controller of Silvercorp from 2006 to 2010.

Alex Zhang, P.Geo., Vice President, Exploration, is the Qualified Person for Silvercorp under NI 43-101 and has reviewed and given consent to the technical information contained in this News Release.

This earnings release should be read in conjunction with the Company's Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on SEDAR at www.sedar.com and are also available on the Company's website at www.silvercorp.ca. All figures are in United States dollars unless otherwise stated.

Condensed Consolidated Interim Statements of Income


(Unaudited - Expressed in thousands of U.S. dollars, except for per share figures)
Three Months Ended June 30,
2015 2014

Sales $ 32,220 $ 30,616
Cost of sales 20,764 14,963
Gross profit 11,456 15,653

General and administrative 5,344 4,768
Government fees and other taxes 1,349 1,581
Foreign exchange loss 587 1,125
Loss on disposal of plant and equipment 7 -
Share of loss in associate 78 132
Loss on investments - 15
Other expense (income) 10 (156)
Income from operations 4,081 8,188

Finance income 277 164
Finance costs (332) (32)
Income before income taxes 4,026 8,320

Income tax expense 255 3,685
Net income $ 3,771 $ 4,635

Attributable to:
Equity holders of the Company $ 2,296 $ 2,744
Non-controlling interests 1,475 1,891
$ 3,771 $ 4,635

Earnings per share attributable to the equity holders of the Company
Basic and diluted earnings per share $ 0.01 $ 0.02
Weighted Average Number of Shares Outstanding - Basic and Diluted 170,883,808 170,883,808


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSVM-2302436&symbol=SVM&region=C

 

[Kostolanys Erbe]

Sabina Gold & Silver loses $2.5-million in Q2

2015-08-13 12:35 ET - News Release



Mr. Bruce McLeod reports

SABINA GOLD & SILVER ANNOUNCES Q2 FINANCIAL RESULTS

Sabina Gold & Silver Corp. has released its financial results for the second quarter of 2015.

"The second quarter saw the accomplishment of some major milestones for the company and for Back River," said Bruce McLeod, president and chief executive officer. "Our Back River feasibility study technical report (6KFS) was filed in June with very positive economic results; we continued cost-cutting measures to ensure we are a fit-for-purpose organization; and we completed a brief field program at Back River, which resulted in the identification of a new style of gold mineralization at Back River which adds to the extensive exploration potential.

"Subsequent to the quarter, we also announced that we have commenced a feasibility study on a smaller start-up project at Back River. The initial project feasibility study (IPFS) will evaluate the potential of a project at 3,000 tpd [tonnes per day], generating approximately 250,000 ounces of gold per year over approximately 10 years, targeting a lower initial capital requirement and providing lower execution risk. The IPFS is expected to be completed in Q3 of this year," said Mr. McLeod.

Q2 highlights:

The company had cash and cash equivalents, and short-term investments of $22.2-million at June 30, 2015.
During the quarter, the company completed and announced positive results of the 6KFS on the Back River project. The study demonstrates the opportunity for significant high-grade gold production (approximately 350,000 ounces per year) at good margins, in a safe Canadian mining jurisdiction with a posttax internal rate of return of 21.7 per cent and a net present value (5 per cent) of $539-million, at $1,200 (U.S.) per ounce of gold and a U.S./Canadian dollar exchange rate of 0.87.
Given the large initial capital of the 6KFS, subsequent to the quarter-end, the IPFS was commenced to assess the opportunity for a smaller start-up less-capital-intensive option at Back River.
The company also completed a short six-week field program, focused on geotechnical drilling and environmental baseline data collection to support the environmental assessment process. During this program, two exploration holes were completed, identifying a new target type and gold mineralization style, which continues to demonstrate the project-wide gold endowment and potential for greenfield resource growth.
On June 11, 2015, the company held its annual general meeting of shareholders at which all directors nominated for election were elected.
During the quarter, the company continued to focus on a number of cost-saving measures, including additional staff reductions, a 50-per-cent reduction of directors' fees and a reduction of the number of board members.
Subsequent to the quarter, Walter Segsworth joined the board as a director, bringing significant experience to guide the company's objectives and execution to become a significant gold producer.


Financial results

For the quarter ended June 30, 2015, the company reported a net loss of $2.5-million, unfavourable by $1.8-million compared with second quarter 2014. The difference quarter over quarter was largely the result of writedowns recognized in Q2 2015 (impairment loss on its equity investment in Pure Gold Mining Inc. and a writedown of $200,000 for deferred exploration costs on non-material mineral claims that the company elected to drop on its Wishbone property).

Excluding writedowns, operating expenses in Q2 2015 were $200,000, lower than in the comparable period in 2014. Offsetting were lower interest income and deferred tax recovery in Q2 2015 than in the comparable period in 2014. Interest income was lower by $100,000, due to reduced average cash balances; deferred income tax recovery was lower by $700,000, primarily due to impairment loss on investments.

The decrease in operating expenses in Q2 2015 resulted primarily from the reduction of share-based payments, salaries, travel activity, financial advisory and human-resource-related services, directors' fees, share listing and filing fees, and attendance at investor conferences. Partially offsetting were higher severances paid in 2015.

The primary costs incurred by the company are associated with exploration and evaluation of its mineral properties, and are deferred until the properties are placed into production, sold or abandoned. In Q2 2015, total deferred exploration and evaluation expenditures were $4.7-million compared with $10.0-million in the comparable period in 2014. The decrease of $3.8-million was primarily the result of decreased economic assessment costs in 2015 compared with 2014, primarily due to reduced drilling and site support activities.

The company had cash and cash equivalents, and short-term investments of $22.2-million at June 30, 2015, compared with cash and cash equivalents of $32.5-million at Dec. 31, 2014. The company expects to end 2015 with a cash balance of approximately $17-million.

For the full Q2 2015 financial statements, and management's discussion and analysis, please see the company website or retrieve them from SEDAR.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSBB-2302300&symbol=SBB&region=C

 

[Kostolanys Erbe]

Na endlich wurde mal bei AGM der grosse Block aus dem ASK weg gekauft...

12:12:23 V 0.17 0.01 10,000 1 Anonymous 74 GMP K
11:25:50 V 0.17 0.01 139,000 1 Anonymous 7 TD Sec KL

 

[Kostolanys Erbe]

Africa Oil loses $4.18-million (U.S.) in Q2 2015

2015-08-13 17:40 ET - News Release



Mr. Keith Hill reports

AFRICA OIL 2015 SECOND QUARTER FINANCIAL AND OPERATING RESULTS

Africa Oil Corp. has released its financial and operating results for the three and six months ended June 30, 2015.

During the second quarter of 2015, the Company focused its efforts on appraisal in the South Lokichar Basin, Extended Well Tests (EWTs) in the Amosing and Ngamia fields, and reservoir and engineering studies. This focus for 2015 has the following objectives; confirming reservoir quality and deliverability, resource size and definition, and advancement of the development plans, including the export pipeline. One drilling rig is currently active in the South Lokichar Basin.

The current ambition of the joint venture partnership is to position the South Lokichar Basin development, and an export pipeline, for possible sanction by the end of 2016, subject to receipt of all necessary permits and approvals. Good progress continues to be made towards development of these oil resources and as part of the ongoing collaboration between the Governments of Kenya and Uganda on the oil export pipeline for the Lake Albert and South Lokichar resources, a joint technical adviser was appointed in late 2014. Subsequent to the end of the second quarter of 2015, on 10 August 2015, the Governments of Kenya and Uganda issued a joint communique which stated that "the two Heads of State agreed on the use of the Northern Route i.e. Hoima-Lokichar-Lamu for the development of the crude oil pipeline."

At June 30, 2015, the Company had cash of $157.5 million and working capital of $81.7 million. During February 2015, the Company completed a brokered private placement issuing an aggregate of 57,020,270 shares at a price of SEK 18.50 per share for gross proceeds of SEK 1,055 million or $125.0 million. During May 2015, the Company completed a non-brokered private placement issuing an aggregate of 52,623,377 shares at a price of CAD $2.31 for gross proceeds of $100.0 million.

The Company has completed the following significant operational activities in, and subsequent to, the second quarter of 2015:

-- A number of Extended Well Tests (EWTs) have been completed at the Amosing field (Block 10BB - Kenya). The Amosing-1 and Amosing-2 wells were completed in five separate zones and initial rig-less flow testing during clean-up flowed at a cumulative maximum rate of 5,600 and 6,000 bopd respectively. These results exceeded expectations, and demonstrated high quality reservoir sands which flowed 31 to 38 degree API dry oil under natural conditions. During the test the wells produced at a cumulative average constrained rate of 4,300 bopd under natural flow conditions. Pressure data from the two wells supports significant connected oil volumes and confirms lateral reservoir continuity, which is positive for the future development. A cumulative volume of 30,000 barrels of oil has been produced into storage. Water injection tests are under way to further validate the viability of water flood reservoir management and the oil recovery assumptions.
-- Drilling results from the Amosing-4 well, located approximately one kilometer southeast of the Amosing-1 well, which was drilled to test the southern extent of the field and successfully encountered 27 meters of net oil pay in thick upper reservoir zones proving the significant down- dip extent of the field.
-- Drilling results from the Amosing-3 appraisal well, located one kilometer northwest of the Amosing-1 discovery well, were released earlier in the year. The well encountered up to 140 meters of net oil pay and proved an extension of the field. Pressure data from the Amosing-3 well indicated connectivity in some reservoir horizons encountered in the Amosing-1, 2 & 2A wells.
-- Drilling results from the Ngamia-8 and Ngamia-9 appraisal wells (Block 10BB - Kenya) were released. The Ngamia-8 well encountered up to 200 meters of net oil pay in line with pre-drill expectations. The well was positioned in the center of the Ngamia structure and static pressure data indicates the well is in pressure communication with the oil discovered in the neighboring Ngamia-1A, Ngamia-3, Ngamia-5, Ngamia-6 and Ngamia-7 wells. The Ngamia-9 appraisal well encountered between 90 meters and 110 meters of net oil pay in the Lokone and Auwerwer horizons.
-- The Ngamia 5, 6 and 7 appraisal well results were released earlier in 2015. The Ngamia-5 well is located 500 meters northeast of the Ngamia-1 discovery well in a different fault compartment and encountered 160 to 200 meters net oil pay, which is amongst the highest of all the wells drilled in the basin to date. The Ngamia-6 well is located approximately 800 meters north of the Ngamia-1 well and in the same fault compartment as the Ngamia-5 well and encountered up to 135 meters net oil pay. The Ngamia-7 well was drilled 1.2 kilometers east of the Ngamia-3 well and encountered up to 130 meters of net oil pay identifying a large eastern extension of the field that had been identified from the new 3D seismic survey.Pressure data from the Ngamia-3, 5 and 6 wells demonstrates connectivity between the wells at multiple reservoir horizons, which will be further tested by the EWT.
-- The Ngamia field EWTs are due to commence in August. Multi zone completions have been installed in the Ngamia-8, Ngamia-3 and Ngamia-6 wells.
-- A one rig operation will continue with the drilling of the Twiga-3 well, which is currently underway. The large Amosing North prospect located on the northern flank of Amosing and updip of the Ngamia field will be drilled next. The Cheptuket exploration well in Block 12A is scheduled to commence in October 2015 and will test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to the successful Ngamia and Amosing discoveries. Other wells under consideration include Etom North (an appraisal well to follow up on our success at Etom-1) and Emesek (formerly named Tausi) (a basin opening well).
-- The full fast track processed data set for the 951 square kilometer 3D seismic survey over the series of significant discoveries along the western basin bounding fault in the South Lokichar Basin, is now available and is being interpreted. The 3D seismic indicates significantly improved structural and stratigraphic definition and additional prospectivity not evident on the 2D seismic.
-- The partnership has acquired over 1,100 meters of whole core from the wells drilled in the South Lokichar Basin, and an extensive program of detailed core analysis is ongoing that will provide results throughout the year. A key focus of the core program is to better assess oil saturation and to refine the recovery factors of the main reservoir sands. Early core analysis results support the reservoir assumptions used in the contingent resource estimate and are reducing the uncertainty around oil saturations in the reservoir.
-- In the Rift Basin Area Block, a 2D seismic crew will complete the acquisition of approximately 600 kilometers of land and lake seismic in the third quarter of 2015. Source rock outcrops and oil slicks on the lakes have been identified in the block where there was previously no existing seismic or wells.
-- Pre-FEED (Front End Engineering and Design) studies are being progressed for entry in to FEED.


..................

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:AOI-2302507&symbol=AOI&region=C

 

[Kostolanys Erbe]

Für Trader bedeutet die Kreuzung der Linien = weiteres Verkaufssignal, nach dem die 200-Tage-Linie schon durchbrochen wurde!

Kostolanys Erbe schrieb am 10.08.2015, 12:21 Uhr[/url]"]Markus Koch nennt es "Death Cross"

http://www.godmode-trader.de/artikel/death-cross,4302354

Kostolanys Erbe schrieb am 08.08.2015, 00:01 Uhr[/url]"]» zur Grafik

greenhorn schrieb am 05.08.2015, 11:32 Uhr[/url]"]mmh, für mich kein so eindeutiges Bild
ist am auskonseln.....ja, könnte gut auch wieder steigen

Kostolanys Erbe schrieb am 05.08.2015, 10:46 Uhr[/url]"]Was sagen die Charttechniker zum Dow Jones?

Die 50-Tage Linie ist kurz davor die 200-Tage Linie von oben
Nach unten zu durchkreuzen...dann könnte es stärker bergab gehen...

Vielleicht steigen dann ja mal die EM's!?

 

[Kostolanys Erbe]

B2Gold loses $22.78-million (U.S.) in Q2

2015-08-13 18:05 ET - News Release



Mr. Clive Johnson reports

B2GOLD REPORTS SECOND QUARTER 2015 RESULTS

B2Gold Corp. is releasing its operational and financial results for the three and six months ended June 30, 2015. The company previously released its gold production and revenue for the second quarter of 2015 (see news release dated July 23, 2015). All dollar figures are in U.S. dollars unless otherwise indicated.

Highlights from the 2015 second quarter and first half include the following.

2015 Second Quarter Highlights

-- Record quarterly consolidated gold production of 121,566 ounces, 42% greater than in the same period in 2014
-- Gold revenue of $136.5 million on sales of 114,423 ounces at an average price of $1,193 per ounce
-- Consolidated cash operating costs of $677 per ounce, $71 per ounce or 9% below budget and $43 per ounce or 6% lower than in the same period last year
-- All-in sustaining costs of $1,056 per ounce, $90 per ounce or 8% below budget and $335 per ounce or 24% lower than in the same period last year
-- Cash flow from operating activities of $34.3 million ($0.04 per share)
-- Strong cash position of $109.7 million at quarter-end -- Otjikoto mill expansion from 2.5 million tonnes per year to 3.0 million tonnes per year remains on schedule, expected to increase gold production even further starting in September 2015
-- Company is on track to meet its 2015 annual guidance of 500,000 to 540,000 ounces of gold production at cash operating costs between $630 and $660 per ounce and all-in sustaining costs between $950 and $1,025 per ounce
-- New $350 million corporate revolving credit facility finalized
-- Robust results from the new optimized Feasibility Study for the Fekola Project in Mali announced on June 11, 2015
-- Road construction near completion and camp construction well underway at the Fekola Project


2015 First-Half Highlights

-- Record half-year consolidated gold production of 237,425 ounces (including 18,815 ounces of pre-commercial production from Otjikoto), an increase of 30% over the same period in 2014
-- Consolidated gold revenue of $275.4 million (or record half-year consolidated gold revenue of $298.5 million including $23.1 million of pre-commercial sales from Otjikoto)
-- Record half-year gold sales of 229,222 ounces (or 247,688 ounces including 18,466 ounces of pre-commercial sales from Otjikoto)
-- Consolidated cash operating costs of $688 per ounce, $62 per ounce or 8% below budget
-- All-in sustaining costs of $1,072 per ounce, $148 per ounce or 12% below budget
-- Cash flow from operating activities of $93 million
-- Successful transition from construction to commercial production at the new Otjikoto Mine


2015 Second Quarter and First-Half Operational Results

...........

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BTO-2302536&symbol=BTO&region=C

 

[Kostolanys Erbe]

PBR Gap-Close von April 2015 nun im August und auf der Unterstützungslinie bei 6 $.

Bei weiter schwächeren Ölpreis könnte ein doppelter Test der 5 $ Marke in Betracht kommen.

 

[dukezero]

Argonaut Gold Announces Second Quarter 2015 Revenue of $44M; Quarter End Cash Balance Increases by $3M Excluding Payment of $23M to Finalize the San Agustin Purchase

http://www.marketwired.com/press-release/argonaut-gold-announces-second-quarter-2015-revenue-44m-quarter-end-cash-balance-increases-tsx-ar-2047850.htm

 

[Kostolanys Erbe]

AU:EQX

14/08/2015 Sale of Mayoko-Moussondji Iron Project

Erhöhung cash-Bestand durch Verkauf auf ca. 42,7 Mio. AUS$

Marketcap. ca. 32 Mio.AUS$

Haben immer noch 1 Projekt / denke EQX kann jetzt günstig Projekte einkaufen

http://www.asx.com.au/asxpdf/20150814/pdf/430htz8hfr17ck.pdf

letzte Präsentation:
http://www.equatorialresources.com.au/uploads/1/8/5/4/18545316/150206-eqx-asx-corporate_presentation_released.pdf

 

[Rooky]

http://www.mining.com/construction-begins-at-colombias-first-gold-mine-in-20-years/

Red Eagle Mining (TSXV:RD) is spending $120 million to open Colombia's first gold mine in two decades, an executive with the Vancouver-based company told Fox News Latino on Friday.

Colombia manager Rafael Silva said the junior explorer spent $40 million to survey and drill the San Ramon gold deposit, located in Antioquia province, with an additional $80 million expected to be needed to build the mine.

Construction of the underground mine began on July 29 after the company obtained an environmental license from the local environmental protection agency, according to Fox News. The mine will be the first in Colombia to operate under modern environmental permitting legislation.

Silva told the news outlet that construction should be finished by 2016, after which it would produce at a rate of 50,000 gold ounces annually for a minelife of eight years.According to Red Eagle, the October 2014 feasibility study outlines a 1,000-tonne-per-day operation, with cash costs at $596 per ounce or $84 a tonne.

Reserves are 2,424,000 tonnes at a grade of 5.2 g/t gold for 405,000 ounces. The underground mine will use conventional shrinkage stoping mining methods with delayed backfill. Processing incorporates single-stage crushing, SAG milling and floatation with concentrate re-grinding followed by conventional carbon-in-leach processing the combined float tails and reground concentrate to produce gold dore with 96 percent recoveries, Red Eagle states.

A $19.3 million private placement was completed on July 16 by Liberty Metal & Mining Holdings LLC, which will take a 19.99 percent ownership interest in Red Eagle Mining. The $39.56 million market cap company is down 10 percent year to date and currently trades at 27 cents on the Toronto Venture Exchange.

 

[Ollinho]

*DJ US/Empire State Index Aug -14,92 ( Juli: 3,86)

:shock:

 

[Kostolanys Erbe]

Inca One Gold arranges $500,000 private placement

2015-08-17 16:50 ET - News Release



Mr. Edward Kelly reports

INCA ONE ANNOUNCES PRIVATE PLACEMENT

Inca One Gold Corp. has arranged a private placement of up to 3,333,333 common shares at a price of 15 cents per share for gross proceeds of up to $500,000.

The proceeds of the private placement will be used for general working capital purposes. The company may pay finders' fees in connection with the private placement, subject to compliance with the rules of the TSX Venture Exchange. It is anticipated that insiders of the company will subscribe for shares under the private placement. The issuance of shares to insiders pursuant to the private placement will be considered to be a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101. The company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of any insider participation.

All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Closing of the private placement is subject to the approval of the TSX-V.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aIO-2303385&symbol=IO&region=C

 

[Kostolanys Erbe]

Lucara finds 184-, 94-, 86-carat diamonds at Karowe

2015-08-17 17:05 ET - News Release



Mr. William Lamb reports

LUCARA REPORTS ONGOING RECOVERY OF EXCEPTIONAL DIAMONDS

Lucara Diamond Corp. has recovered a number of exceptional diamonds at its Karowe mine in Botswana. The resource is continuing to deliver according to expectations with the recovery of a spectacular Type IIa, 336-carat diamond. In addition to this recovery, a further three exceptional diamonds were recovered over this past weekend: a 184-carat stone, a 94-carat and an 86-carat stone. A 12-carat pale pink diamond was also recovered, the colour of which will be confirmed postcleaning.

Over the past three years, since the recovery of the first large diamond from the Karowe diamond mine in 2013, Lucara has recovered 216 diamonds that have sold for more than $250,000 each. Twelve of these diamonds sold for more than $5.0-million each.

The statistics of exceptional stones discovered at the Karowe mine can be found on the Lucara website. A picture of the 336-carat diamond will be posted later in the week.

William Lamb, president and chief executive officer, commented: "The ongoing recovery of large exceptional diamonds from the Karowe mine continues to support the resource estimates. This resource has consistently produced significant value for the company and its shareholders, and the ongoing recovery of high-value stones sets Lucara apart from most other diamond producers."

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LUC-2303391&symbol=LUC&region=C

greenhorn schrieb am 17.07.2015, 10:30 Uhr[/url]"]LUC - schöne Ergebnisse!

Lucara raises $68.71-million from stone tender sales
2015-07-16 17:07 ET - News Release

Mr. William Lamb reports

LUCARA'S EXCEPTIONAL STONE TENDER GENERATES $68.7-MILLION IN SALES

Lucara Diamond Corp. has released the results from its first exceptional stone tender of 2015.

The special tender of Karowe diamonds was completed on July 16, 2015, and consisted of 14 single stone lots. All 14 diamonds, totalling 1,647 carats, were sold for gross revenues of $68.71-million ($41,028 per carat).

Highlights:


Twelve diamonds sold for more than $1.0-million each, including five stones, which sold for in excess of $4.0-million each;
Lot 701, the 341.9-carat Type IIa diamond (discovery announced April 20, 2015), sold for $20.55-million ($60,114 per carat).
Lot 702, the 269.7-carat diamond, sold for $16.54-million ($61,304 per carat).

For the catalogue and images of the diamonds sold in this and previous exceptional stone tenders, please go to the Lucara website.

William Lamb, president and chief executive officer, commented: "This is another amazing result, demonstrating not just the sustainable quality of the diamonds being produced, but also the robustness of the exceptional stone market. The sales values achieved for the two large stones demonstrates the quality of diamonds which the south lobe is producing.

"We will continue to work on optimizing our sales strategy to obtain the best value for these diamonds and for our shareholders."

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved

greenhorn schrieb am 26.06.2015, 16:17 Uhr[/url]"]LUC - Lucara mal ne Posi zu 1,99 CAD Long, scheint zu drehen

greenhorn schrieb am 13.05.2015, 11:34 Uhr[/url]"] bissl enttäuschend........aber gut, die Verkäufe im 1.Quartal sind auch ggü den anderen deutlich niedriger

Kostolanys Erbe schrieb am 13.05.2015, 00:37 Uhr[/url]"]Lucara Diamond earns $6-million (U.S.) in Q1 2015

2015-05-12 17:39 ET - News Release

Mr. William Lamb reports

FIRST QUARTER RESULTS: LUCARA ON SCHEDULE TO COMPLETE PLANT OPTIMIZATION AND TO PROCESS SOUTH LOBE ORE

Lucara Diamond Corp. had revenues of $29.6-million with an operating margin of 61 per cent. The company will be paying a semi-annual dividend of two cents. The Company's plant optimization program is on schedule and processing of south lobe ore is expected to commence during the second quarter.

HIGHLIGHTS

Exceptional Diamonds: The Company recovered its largest gem quality diamond at 342 carats. The diamond will be offered for sale at the Company's first exceptional stone tender in 2015.

Plant Optimization Project: A primary focus for the Company in 2015 is to complete the plant optimization program so that it can commence mining the expected high value south lobe ore on a sustainable basis during the year. The project has advanced very well with construction largely complete and with no disruption to current operations or production. The project is forecast to be complete within the $55 million budget. Commissioning has commenced and operational ramp up is expected to be complete during the second quarter of the year. The Company plans to start treating stockpiled south lobe ore during the second half of this year.

Upon the integration of the XRT machines to the process plant, the Company has recovered 19 (20-50 carats) stones, 3 (50-100 carats) stones and 4 (over 100 carats) stones.

Cash flows and operating margins: The Company achieved revenue of $29.6 million or $277 per carat yielding a 61% operating margin of $169 per carat during the period. The Company's EBITDA at the end of March 2015 was $11.9 million.

Net cash position: The Company's quarter-end cash balance was $87.5 million compared to a cash balance of $56.8 million at March 31, 2014 and $100.8 million of cash at the end of 2014. The Company's Scotiabank $50 million credit facility remains undrawn.

Karowe operating performance: Karowe's operating performance was largely in line with plan for the period in terms of ore and waste mined. Carats recovered were marginally below forecast. Diamond liberation is expected to improve once the tertiary crusher is commissioned. The operation performed well during the period meeting its operational targets while significant construction activity occurred on site as the Company advanced towards completion of the plant optimization project. The mine recovered 153 specials (+10.8 carats) with an average size of 27.7 carats.

Adjusted Earnings per share: Adjusted earnings per share is $0.02 per share for the three month period ended March 31, 2015 (2014: earnings per share $0.02).

Botswana Prospecting Licenses: In 2014, the Company was awarded two precious stone prospecting licenses located within a distance of 15 km and 30 km from Karowe respectively . The Company is currently constructing a bulk sampling plant and will commence exploration work programs on the two prospecting licenses during 2015.

Dividend announcement: The Company is announcing a semi-annual dividend of Canadian $0.02 on the issued common shares of Lucara which is payable on June 18, 2015 to the common shareholders on record of the Company on Friday June 05, 2015.

Mothae Sale: On May 1, 2015, the Company has entered into a binding memorandum of understanding ('MOU') for the sale of the Mothae Diamond project to Paragon Diamonds Limited. In consideration, the Company will receive $8.5 million cash payment and 5% of profits earned from the sale of the polished stones and/or rough diamonds not selected for polishing from the first 6.75 million tonnes of ore processed at Mothae by Paragon. The completion of the MOU is subject to the approval of the Lesotho Government.

William Lamb, President and Chief Executive Officer commented "We are very pleased with the level of progress of the plant optimization project and the current stage of commissioning. We are excited about the new XRT technology, which has shown exceptional recovery in our testing to date. The recovery of a 342 carat diamond continues to show the quality of the resource and the mine's revenue generating capability. With the final integration of the XRT machines into the process plant we look forward to being able to sustainably access the south lobe and continue with our record of exceptional diamond recoveries"

FINANCIAL HIGHLIGHTS


Three months ended
March 31
In millions of U.S. dollars unless
otherwise noted 2015 2014
----------------------------------------------------------------------------

Revenues (i) $ 29.6 $ 32.8

Average price per carat sold
($/carat) 277 305
Operating expenses per carat sold
($/carat) 108 118
Operating margin per carat sold
($/carat) 169 187

Net income for the period 6.0 5.1
Earnings per share (basic and
diluted) 0.02 0.01
Adjusted earnings per share 0.02 0.03
Cash on hand 87.5 56.8
----------------------------------------------------------------------------
((i)) Revenue is presented based on cash receipts received during the period
and excludes tender proceeds received after each quarter end. See results of
operations for reconciliation of revenue and total proceeds for tenders
received for each quarter.




RESULTS OF OPERATIONS

Karowe Mine, Botswana


----------------------------------------------------------------------------
UNIT Q1-15 Q4-14 Q3-14 Q2-14 Q1-14
Sales
Revenues US$m 29.6 70.5 91.2 71.0 32.8
Proceeds
generated from
sales tenders
conducted in the
quarter are
comprised of: US$m 29.6 70.5 66.5 95.0 33.6
Sales proceeds
received
during the
quarter US$m 29.6 70.5 91.2 71.0 32.8
Q2 2014 tender
proceeds
received post
Q2 2014 US$m - - (24.8) 24.8 -
Q1 2014 tender
proceeds
received post
Q1 2014 US$m - - - (0.8) 0.8
Carats sold for
proceeds
generated during
the period Carats 106,777 104,405 88,364 111,900 107,467
Carats sold for
revenues
recognized
during the
period Carats 106,777 104,405 115,362 84,915 107,454
Average price per
carat for
proceeds
generated during
the period US$ 277 675 753 849 312

Production
Tonnes mined
(ore) Tonnes 561,287 757,672 1,003,312 677,882 888,888
Tonnes mined
(waste) Tonnes 3,243,372 2,477,687 2,624,067 3,166,644 2,002,322
Tonnes treated Tonnes 603,969 566,681 509,283 664,812 680,730
Average grade
processed cpht (i) 14.9 20.1 20.8 14.9 16.3
Carats recovered Carats 90,077 113,950 106,162 99,142 111,037
Costs

Operating costs
per carats sold US$ 108 89 122 132 118
Capital
expenditures
Plant
Optimization US$m 9.4 16.6 12.8 4.5 1.6
Sustaining
capital US$m 1.1 2.3 1.0 1.2 0.3
Bulk Sample Plant US$m 0.2 2.0 - - -
Capitalized waste US$m 5.1 1.8 0.4 4.0 -
Total US$m 15.8 22.7 14.2 9.7 1.9
((i)) carats per
hundred tonnes
----------------------------------------------------------------------------




Karowe Mine, Botswana

Karowe had one lost time injury reported in the Plant Upgrade Construction area in February resulting in a year to date LTIFR of 0.27.

The process plant performed well with tonnes and grade treated as forecast. Carats recovered were below forecast (7%) due to lower liberation when processing the harder fragmental kimberlite reducing recovered grade. This will be mitigated as part of the plant optimization with the commissioning of the tertiary crusher in the second quarter of 2015 increasing fine diamond liberation.

The Company's new mining contractor has completed their site mobilization and ramped up the mining rate through the quarter. Volume mined from the pit for the period was in excess of forecast, with waste mined ahead of forecast. Ore tonnage mined from the pit for the quarter was slightly below forecast but was at a higher grade and in line with operational requirements. Mining has concentrated in the south and centre lobes with most south lobe ore being stockpiled for future treatment.

REVIEW OF PROJECTS AND EXPLORATION

Karowe, Plant Optimization Project

The plant upgrade project to modify the process plant to treat harder, more dense ore at depth is well advanced. The Company has spent approximately $45 million of the forecast $55 million as at March 31, 2015.

As at March 31, 2015, construction work on site for the project was largely complete. Subsequent to the end of the first quarter of 2015, most cold commissioning had been completed with hot commissioning under way for the XRT and recovery circuits. The XRT circuit has functioned well and the XRT machines have shown exceptional recovery throughout the testing period. Operational ramp up and full plant integration is expected to be complete during the second quarter.

Botswana Prospecting Licenses:

In 2014, the Company was awarded two precious stone prospecting licenses located within a distance of 15 km and 30 km from the Karowe Diamond mine respectively. Ground geophysical surveys were conducted over known kimberlite occurrences within the prospecting licenses during Q4 2014 and Q1 2015. The geophysical results confirmed the kimberlite localities and have provided information that has been used to plan our core drilling and surface sampling in 2015. The Company is currently constructing a bulk sampling plant and will commence exploration work programs on the two prospecting licenses during 2015. Manufacturing of the modular plant is well advanced and final assembly of the modules is underway at steel fabricators in South Africa. Components are due on site at the Karowe Mine during the second quarter with commissioning being undertaken in the third quarter. Core drilling and bulk sampling activities are planned for the third and fourth quarter of 2015.

Mothae Diamond Project, Lesotho

The Mothae project is located in northeast Lesotho. On May 1, 2015, the Company entered into a binding MOU for the sale of the Mothae Diamond project to Paragon Diamonds Limited. In consideration, the Company will receive $8.5 million cash payment and 5% of profits earned from the sale of the polished stones and/or rough diamonds not selected for polishing from the first 6.75 million tonnes of ore processed at Mothae by Paragon. The completion of the MOU is subject to the approval of the Lesotho Government.

2015 OUTLOOK

The following provides management's production and cost estimates for 2015. These are "forward-looking statements" and subject to the cautionary note regarding the risks associated with forward-looking statements.

Karowe Mine, Botswana

Karowe is in line with its forecast to process 2.3-2.5 million tonnes of ore and to sell 400,000 to 420,000 carats of diamond in 2015 and maintains its revenue forecast of between $230 and $240 million.

Ore mined is forecasted between 2.5-2.8 million tonnes and waste mined is expected to be between 12.0-12.5 million tonnes.

Karowe's operating cash costs are expected to be between $33 and $36 per tonne ore treated.

The Company has maintained its forecast for the plant optimization project at a total cost of $55 million. In addition to the plant optimization project, the Company has forecast expenditures of $5 million for the purchase and installation of a mill relining machine of which up to $3 million is forecast to be spent in 2015. Sustaining capital expenditures are forecasted to be between $4.5-$5.5 million for the year.

The Company maintains its forecast to spend between $7-$8 million on exploration, including the purchase of a bulk sample plant for up to $5 million.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aLUC-2277495&symbol=LUC&region=C

greenhorn schrieb am 05.05.2015, 09:06 Uhr[/url]"]LUC - Portfoliostraffung, nächste Woche kommen die Quartalszahlen - bin gespannt

May 04, 2015 17:00 ET

Lucara Enters Into a Memorandum of Understanding to Sell Mothae

http://www.marketwired.com/press-re...erstanding-to-sell-mothae-tsx-luc-2016189.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 4, 2015) - Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Paragon Diamonds Limited ("Paragon") to sell its 75% interest in its Mothae diamond project based in Lesotho. The sale is subject to approval by the Government of Lesotho.

The terms outlined in the MOU are summarized below:

•Paragon will pay Lucara US$8.5 million in cash upon the closing of the acquisition. The transaction is subject to the negotiation of a definitive agreement with Paragon and the approval of the Government of Lesotho.
•Paragon plans to polish a selection of diamonds recovered from the Mothae asset. Lucara will receive a payment equal to 5% of the profits achieved from the sale of the polished stones. These payments will continue for the processing of not less than 6.75 million tonnes of ore.
•Lucara will also receive a payment equal to 5% of the profits achieved from the sale of rough diamonds not selected for polishing. These payments will also continue for the processing of not less than 6.75 million tonnes of ore.
•Paragon will be acquiring Lucara's Lesotho based company, which owns its 75% interest in the Mothae project. This will include all assets including plant and equipment, liabilities and the company's rehabilitation obligations. Paragon has agreed that it will employ all of the current employees working at Mothae.
William Lamb, President and Chief Executive Officer, commented, "We are pleased to announce that we have agreed terms with Paragon on the sale of Mothae. The transaction returns cash to Lucara and allows us to participate in future sales of diamonds from Mothae. We are working with the Government of Lesotho and Paragon to finalize the transaction and to transition ownership of the Mothae project to Paragon in an efficient manner."

greenhorn schrieb am 22.04.2015, 11:24 Uhr[/url]"]LUC - die News passt ja zur Lucara News gestern, auch wenn der Stein von Lucara nicht die Qualität des im Artikerl beschriebenen hat, aber auch :"...The Type IIa diamond shows exceptional colour and clarity, and will be sold along with two other greater-than-100-carat diamonds, which have also been recovered..." - 342 Karat in der Kategorie sollten in etwa auch mind. 20 Mio$ wert sein, eher mehr .......auf dem Foto sieht er fantastisch aus, wird wahrscheinlich geteilt und dann verkauft
20 MIo$ wohl eher untertrieben - wenn man da 2 Steine a 120 karat draus machen kann sind die bestimmt zusammen durchaus ca. 35-40 Mio$ wert
Lucara wird das nicht bekommen, die sind ja Produzent - aber ich denke da wird es sicher einen netten Preis geben - denke ca. 10 - 12 Mio$

http://www.n-tv.de/panorama/Anonymer-Bieter-ersteigert-Super-Diamanten-article14952901.html

auf mittlere Sicht ist Lucara für mich ein glasklarer Übernahmekandidat!
werde meine kleine Posi weiter halten - gestern leider ein Up-Gap gerissen

greenhorn schrieb am 21.04.2015, 09:36 Uhr[/url]"]LUC - was für die Damen.........oder Herren die was aussergwöhnliches schenken wollen!

April 20, 2015 17:00 ET

Lucara Recovers 342 Carat Diamond at Its Karowe Mine

http://www.marketwired.com/press-re...iamond-at-its-karowe-mine-tsx-luc-2011500.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 20, 2015) - Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to announce that it has recovered a 341.9 carat gem quality diamond from its Karowe Mine in Botswana. The stone was recovered while processing fragmental kimberlite from the central and south lobe interface.

The Type IIa diamond shows exceptional colour and clarity and will be sold along with two other greater than 100 carat diamonds which have also been recovered.

To view the photo accompanying this press release, click on the following link: http://media3.marketwire.com/docs/LUC420.jpg

Plant Optimization Project Progress:

Excellent progress continues to be made on the plant optimization project at Karowe. Construction activities are essentially complete and commissioning activities of the final sections has commenced.

Tracer testing of the new XRT diamond recovery machines has been completed. A small volume of material was processed through the machines to check material handling aspects which lead to the recovery of a 7.8 carat diamond. It is expected that the new recovery and XRT sections will be integrated into the main treatment plant before the end of April 2015.

William Lamb, President and Chief Executive Officer, commented, "The recovery of this magnificent stone once again confirms the quality of diamonds contained within the Karowe resource. Timing of the sale of these exceptional stones is still to be decided.

"The surprise recovery of the 7.8 carat diamond from the very small quantity of material processed during commissioning of the XRT machines demonstrates the excellent recovery capability of this exciting technology. The final integration of the last sections into the process plant will provide improved mine planning flexibility and allow us to once again access material from all three lobes and more importantly provide the ability to mine sustainably from the high value south lobe in the future."

greenhorn schrieb am 12.03.2015, 17:29 Uhr[/url]"]LUC - so, nun das UP-Gap bei 1,82 CAD zugemacht ........ kann nun wieder drehen

greenhorn schrieb am 20.02.2015, 11:28 Uhr[/url]"]LUC - gestern nach Handelsschluß auch ihr Zahlenwerkl gebracht
Lucara in 2014 zum 1.Mal Dividende gezahlt
aktuell ca. 100 Mio Cash, Marge wächst und die Aussichten sind sehr stabil
MK bei aktuell 760 Mio CAD

Lucara Diamond earns $45.7-million (U.S.) in 2014

2015-02-19 17:37 ET - News Release


Mr. William Lamb reports

LUCARA REPORTS STRONG 2014 OPERATIONAL AND FINANCIAL RESULTS

Lucara Diamond Corp. had full-year revenues of $266-million and a year-end cash balance of $101-million.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LUC-2252430&symbol=LUC&region=C

Highlights

Revenues

During the year the Company had sales totaling 412,136 carats for gross proceeds of $265.5 million at an average price of $644 per carat. The increase in revenues of 47% or $85.0 million compared to the prior year was due to higher prices received for the Karowe diamonds and a larger number of carats being sold in the large exceptional stones tenders, which contributed $135.6 million to revenues. The exceptional stone sales resulted in an average price of $32,471 per carat in 2014 (2013: $24,290 per carat, with the remaining tenders achieving $318 per carat (2013: $249 per carat).

greenhorn schrieb am 15.01.2015, 09:51 Uhr[/url]"]LUC - seit Weihnachten sehr schwache Entwicklung, operational läuft es aber zunehmende politische Riskien?

» zur Grafik

greenhorn schrieb am 12.11.2014, 10:05 Uhr[/url]"]Übernahme durch z.B. Anglo American gut vorstellbar

http://www.handelsblatt.com/finanze...beers-verraet-seine-geheimnisse/10941554.html

greenhorn schrieb am 11.11.2014, 14:52 Uhr[/url]"]LUC - Lucara Diamond.....are Girls best Friends.......
haben sich sehr gut entwickelt!

November 10, 2014 18:05 ET

Q3 Results: Lucara Declares Special Dividend Following Strong Revenues and Operating Performance

http://www.marketwired.com/press-re...ues-operating-performance-tsx-luc-1966518.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2014) - Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to report revenue of $195 million and EBITDA of $126 million for the nine months to September 30, 2014. The Company has announced a special dividend of CA$0.04 per share in addition to the CA$0.02, regular semi-annual dividend resulting in a full year dividend of CA$0.08 per share to its shareholders.

HIGHLIGHTS

Cash flows and operating margins: The Company achieved revenue of $91.3 million during the period, including $24.8 million of proceeds from its June tender.

Total revenue to September 30, 2014 was $195.0 million or $634 per carat achieving an 81% operating margin of $511 per carat. The Company's EBITDA at the end of September was $125.8 million compared to the previous year of $70.2 million.

Subsequent to the end of the third quarter, the Company concluded its third exceptional stone tender in October for proceeds of $46.4 million or $30,129 per carat. Following this sale the Company's full year-to-date proceeds were $241.4 million.

Net cash position: The Company's quarter-end cash balance was $133.1 million compared to a cash balance of $33.6 million in September 30, 2013 and $49.4 million of cash at the end of 2013. The Company's Scotiabank $50 million credit facility remains undrawn.

Karowe operating performance: Karowe's performance was better than forecast during the period in terms of ore and waste mined and carats recovered. The plant optimization program is advancing to plan and the Company has achieved a critical milestone in commissioning the large diamond recovery circuit during the third quarter. The company also celebrated the achievement of 1.0 million carats recovered during the quarter.

Adjusted Earnings per share: Adjusted earnings per share is $0.11 per share for the three month period ended September 30, 2014 (2013: earnings per share $0.04) and $0.19 per share for year to date September 30, 2014 (2013 earnings per share $0.11). The adjusted earnings per share removes the non-cash foreign exchange impact on an intercompany loan between Corporate and Karowe in order to present the current cash distributable on an earnings per share basis.

Dividends: The Company has announced a special dividend of CA$ 0.04 per share to be paid on December 18, 2014 along with its CA$ 0.02 per share year-end dividend. The total dividend to be paid by the Company in 2014 is CA$ 0.08 per share (Total semi-annual dividend of CA$ 0.04 and special dividend of CA$ 0.04 per share) is equivalent to a dividend yield of 3.3% based on the TSX closing price on November 7, 2014.

 

[Kostolanys Erbe]

Argonaut takes samples, completes mapping at Julio

2015-08-17 07:48 ET - News Release



Mr. Paul Dent of Mexus reports

ARGONAUT GOLD UPDATES MEXUS GOLD US ON THE JULIO PROPERTY

Mexus Gold US has received an update from Argonaut Gold Inc. on the Julio project. Since acquiring the Julio project in early July, Argonaut's focus has been on detailed geologic mapping and sampling within areas already known to host mineralization which has included identifying outcropping mineralization. Argonaut has taken surface rock chip samples and completed detailed mapping. This work has identified multiple target areas which are being prioritized for drilling which, subject to permitting, is expected to commence later in 2015.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aAR-2303193&symbol=AR&region=C

 

[Kostolanys Erbe]

Rugby Mining to acquire Jessup project

2015-08-17 07:51 ET - News Release



Mr. Paul Joyce reports

RUGBY OPTIONS NEVADA GOLD-SILVER PROJECT

Rugby Mining Ltd. has, subject to regulatory and TSX Venture Exchange approval, entered into an option agreement to acquire a 100-per-cent interest in the Jessup gold-silver project, Nevada.

Jessup, situated 100 kilometres northeast of Reno, is located within the highly favourable mining jurisdiction of Nevada, and comprises approximately 10 square kilometres of mining claims. The Jessup deposit is a volcanic-hosted, low-sulphidation gold-silver epithermal system with an existing historical National Instrument 43-101 measured and indicated mineral resource containing 300,000 ounces of gold and 5.09 million ounces of silver.

The company will be required to conduct further assessment of previous drilling and new resource modelling to confirm the details of the Jessup project NI 43-101 technical report as written by Scott E. Wilson for Rye Patch Gold Corp., July 16, 2009. The company believes the data are suitable to report in this news release for informational reference only.

Rugby's president and chief executive officer Paul Joyce stated: "We are excited to explore Jessup, a project located in a mining district that hosts excellent infrastructure and which management considers highly prospective. Given the downturn in the resource market, we have been able to secure Jessup with very favourable terms. Our exploration focus will be to search for new discoveries of high-grade gold-silver mineralization to complement the historical, potentially open-pittable resource at Jessup."

Previous exploration at Jessup comprised 335 drill holes and 36 trenches for a total of 37,726 metres with most holes drilled to define the historical oxide mineral resource. However, the historical drilling is considered too shallow or not systematic enough to confirm the geological controls to the high-grade gold-silver mineralization intersected in a number of drill holes such as JP06-50C which intersected 1.5 metres of 50.6 grams per tonne (g/t) gold and 926 g/t silver from a depth of 19.8 m. These higher-grade intersections are potentially the structurally controlled steeply dipping feeder zones to the relatively flat-lying historical oxide gold-silver resource. Significant drill intersections are shown on the company's website, however, complete silver assays are not available for all intervals.

Metallurgical cyanide leach tests previously conducted on the oxide material averaged 84 per cent gold recovery and indicated that the oxide mineralization may be suitable for heap leach extraction. Limited cyanide testwork on the unoxidized material achieved a maximum of 47 per cent gold recovery and is unlikely to be amenable to cyanide heap leach processes. Further metallurgical testwork is required on this unoxidised material.

Agreement terms

The agreement allows for a 45-day diligence period to permit legal and tenure diligence on the project. Following this diligence period, Rugby will have an initial three-year option to acquire a 100-per-cent interest in the Jessup project by:

1.Making equal annual cash payments totalling $90,000 (U.S.);
2.Incurring annual exploration expenditures of $50,000 (U.S.), $75,000 (U.S.) and $100,000 (U.S.), respectively, over the three years;
3.Prior to the end of the third year, at Rugby's election, pay $800,000 (U.S.) to exercise the option. The concession holder will retain 0.8-per-cent net smelter royalty interest in Jessup upon the exercise of the option.


Rugby may extend the option exercise period for a further three years by paying $100,000 (U.S.) annually as an advance NSR payment. Rugby has the option to purchase part or all of the NSR at any time before Dec. 31, 2028, for $100,000 (U.S.) per 0.1-per-cent increment (total $800,000 (U.S.) for 0.8 per cent), less any advance royalty payments paid to the concession holder. Upon purchase of the NSR Rugby will pay an underlying 1.6-per-cent net royalty from production pursuant to prior underlying property agreements.

Project update

The company's permit application over large project areas to allow for drilling at its prospective Cobrasco project in Colombia has been unsuccessful to date. Following recent advice from local consultants, the company plans to amend its permit application to smaller areas over specific drill sites.

Permitting in the Philippines has slowed ahead of an upcoming federal election, and the Mabuhay project exploration permit application, although at an advanced stage, is awaiting approval.

The company has commenced metallurgical testwork and recently completed a regional geochemical survey to identify new drill targets at its Great Northern project in Australia.

Bryce Roxburgh, a director and chairman of Rugby, and a qualified person (QP) within the definition of that term in National Instrument 43-101, standards of disclosure for mineral projects, has recently inspected the Jessup property and verified the technical information that forms the basis for this news release.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRUG-2303194&symbol=RUG&region=C

 

[Kostolanys Erbe]

Novo to acquire Blue Spec Au-Sb project in Australia

2015-08-17 15:44 ET - News Release



Dr. Quinton Hennigh reports

NOVO TO PURCHASE BLUE SPEC AU-SB PROJECT FROM NORTHWEST RESOURCES LIMITED

Through Novo Resources Corp.'s Australian subsidiary, Beatons Creek Gold Pty. Ltd., the company has entered into an agreement to purchase the Blue Spec gold-antimony project from Northwest Resources Ltd., an Australian Securities Exchange-listed company.

Completion of the sale is conditional on Northwest shareholder approval, Australian Foreign Investment Review Board approval, TSX Venture Exchange approval, and other third party consents and ministerial approvals as may be required. The purchase price for the project is cash payments totalling $350,000 (Australian) and 465,452 common shares of Novo. The consideration shares will be subject to a statutory hold period expiring four months from the date of issuance.

The Blue Spec project encompasses approximately 125 square kilometres and is situated approximately 20 kilometres due east of Novo's Beatons Creek project, near the town of Nullagine, Western Australia. Gold mineralization is of orogenic lode vein style and is hosted by an east-west-trending shear zone extending approximately 20 kilometres along the length of the properties. Multiple gold-bearing quartz veins occupying steeply plunging shoots occur along this shear zone which are accompanied by significant amounts of stibnite, an antimony-sulphide mineral.

Two high-grade shoots, the Blue Spec and Gold Spec deposits, host indicated resources of 151,000 tonnes at 21.7 grams per tonne Au (105,300 ounces) and 1.7 per cent Sb, and inferred resources of 264,000 tonnes at 13.3 gpt Au (112,600 ounces) and 1.0 per cent Sb. This historical estimate, disclosed in Northwest's news release of Sept. 30, 2013, and in the mineral resource statement issued by Northwest on the same date, is stated to have been reported in accordance with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves (2012 JORC (Joint Ore Reserves Committee) Code), which is consistent with sections 1.2 and 1.3 of National Instrument 43-101. For the key assumptions, parameters and methods used to prepare these estimates, please refer to the Northwest disclosure documents, which are available on Northwest's website. These are the most updated estimates and data available regarding the Blue Spec and Gold Spec deposits, and, as such, no work needs to be done at this point in time to upgrade or verify the estimates. Novo is unaware of the existence of any technical report prepared in connection with the technical information contained in the Northwest disclosure documents. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Novo is not treating the historical estimate as current mineral resources or mineral reserves.

"We are pleased to acquire the Blue Spec project," commented Dr. Quinton Hennigh, president, chief executive officer and a director of Novo. "Blue Spec is known for hosting coarse gold mineralization that is potentially amenable to gravity separation. While the 105,300-ounce indicated and 112,600-ounce inferred resources historical estimates are appreciable, these are best suited for future underground mining. Our immediate focus is the potential for discovering high-grade shoots that come near surface and may be amenable to open-pit mining, similar to the Golden Gate deposit situated immediately east of the Blue Spec project and recently mined by Millennium Minerals Ltd. We see the Blue Spec project as a high-quality asset that complements our Beatons Creek project and gives us greater exposure to the wider Nullagine gold district."

Dr. Hennigh, a qualified person as defined by National Instrument 43-101, and the company's chief executive officer and president, and a director, has approved the technical contents of this news release.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNVO-2303353&symbol=NVO&region=C

 

[Kostolanys Erbe]

Dalradian loses $1.19-million in Q2

2015-08-17 07:31 ET - News Release



Ms. Marla Gale reports

DALRADIAN ANNOUNCES Q2 2015 RESULTS

Dalradian Resources Inc. has released results for the three and six months ended June 30, 2015, including cash and cash equivalents of $36.1-million at June 30, 2015. The company is in the midst of a program of work to complete an advanced engineering/economic study and an environmental impact assessment (EIA) in support of a planning (permitting) application to build a mine at the Curraghinalt gold deposit in Northern Ireland. Originally, the company planned to release the results of a prefeasibility study (PFS) in late 2015. The PFS is now being transitioned to a more advanced feasibility study (FS) supported by an expanded infill drilling program and underground exploration. Assuming positive results from the EIA and FS, submission of the planning application is now scheduled for third quarter 2016 and the company is already engaged with the relevant government agencies in preparation for this.

Corporate and operational highlights of second quarter 2015 and subsequent period

Substantial completion of surface works for the underground program;
Receipt of the explosives storage licence;
Six of 12 underground drill bays completed and development on mineralized material in the T-17 and No. 1 veins continuing;
Completion of approximately 11,000 metres of infill drilling; program expanded to a minimum of 30,000 metres;
Initial Curraghinalt infill results from 25 drill holes announced, including intersection of 4.40 metres grading 54.84 grams per tonne (g/t) gold and 5.79 metres grading 7.12 g/t gold;
PFS: progress with field and laboratory studies on tailings, processing methods, geotechnical and hydrogeology; transitioning to FS;
EIA: advancement of desktop studies and environmental fieldwork;
Patrick Downey and Jim Rutherford joined the board of directors and Patrick Anderson assumed the chair.


Financial highlights of second quarter 2015 compared with second quarter 2014

Cash and cash equivalents of $36.1-million at June 30, 2015, compared with $14.7-million at June 30, 2014;
Net loss of $1.2-million (one cent per share) in the three months ended June 30, 2015, compared with a net loss of $1.7-million (two cents per share) in the comparable period of 2014; net loss for the six months ended June 30, 2015, was $2.6-million (two cents per share) compared with a net loss of $2.9-million (three cents per share) in the comparable period of 2014;
Spending on asset evaluation, which includes development planning, permitting and other activities associated with the underground program, of $9.4-million in the three months ended June 30, 2015, compared with $900,000 in the comparable period of 2014 due to increased development activities associated with the underground program; similarly, for the six months ended June 30, 2015, asset evaluation spending was $14.9-million compared with $1.8-million in the comparable period of 2014;
Exploration expenditures nominal in the three months ended June 30, 2015, compared with $400,000 in the comparable period of 2014; for the six months ended June 30, 2015, exploration expenditures were $100,000 compared with $800,000 in the comparable period of 2014;
As of Aug. 14, 2015, Dalradian had 163,890,205 common shares issued and outstanding.


Outlook

By the end of 2015, the company expects the following progress on the main deliverables for the work program:

Underground program -- 85 per cent complete, with only the two test stopes remaining;
Infill drilling -- 80 per cent complete (24,000 metres);
Resource update -- postponed to 2016, when infill drilling will be complete;
FS -- 50 per cent complete;
EIA -- 50 per cent complete.


In addition to the above, the company is also engaged in:

Exploration, including regional sampling as well as a drill program at the Alwories discovery;
Community and government relations, including presentations and site visits for key government and community groups as well as support of local environmental and community projects;
Environmental monitoring and testing in support of the underground program.


Increased spending compared with the first to third quarters of 2014 is expected to continue through the balance of 2015, as Dalradian continues work on the underground program, the infill drill program, the FS and the EIA. Exploration expenditures are expected to increase over the 2014 levels as the company aims to grow the Curraghinalt deposit along strike at the Alwories discovery, which is located 1.7 kilometres east of Curraghinalt.

The original budget for completion of the PFS and underground program (including 20,000 metres of infill drilling) and partial completion of the EIA was 16.9 million British pounds ($31-million) and spanned the period from September, 2014, to December, 2015. The revised budget for completion of the FS, underground program (including a minimum of 30,000 metres of infill drilling), EIA and submission of the planning application is 22.6 million British pounds to 25.6 million British pounds ($45.2-million to $51.2-million) spanning the period from July, 2015, to December, 2016. The company's ability to finance currently planned exploration, evaluation and development planning activities, maintain operations, and meet its existing obligations is conditional on its ability to secure financing when required.

Feasibility study

In September, 2014, Dalradian commenced a PFS with SRK Consulting (Canada) Inc. as the principal consultant. Work on the PFS has included an options analysis looking at alternatives to several aspects of the preliminary economic assessment, including but not limited to dry stack tailings and the addition of a flotation circuit. Subsequent to the end of the second quarter of 2015 management decided to transition to an FS based on the technical results received to date.

The feasibility study will include an economic assessment of the project in a technical report prepared in accordance with National Instrument 43-101 and is proceeding on the basis of:

Mining primarily by long hole but with additional methods as required;
Mineral processing incorporating a flotation circuit;
Dry stack tailings;
Approximately 50 per cent of waste rock to be returned underground as paste backfill.


The FS is being supported by the underground program, including expanded infill drilling of at least 30,000 metres. Publication of the FS depends on continued positive results from the infill drilling program.

Subsequent to the end of the second quarter of 2015, the company added to its surface rights for a potential mill site in proximity to the Curraghinalt gold deposit. Additional land acquisitions are targeted for the remainder of 2015 and will be reported on a quarterly basis if and when they occur. The cost of additional land purchases is not included in the budget because of uncertainties in cost and timing and for competitive reasons.

CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

Three months Three months Six months Six months
ended ended ended ended
June 30, June 30, June 30, June 30,
2015 2014 2015 2014
Operating expenses
Salaries and related
benefits $595,105 $648,642 $1,544,597 $1,295,597
Professional fees and
consulting 113,433 234,384 224,358 292,133
Share-based payments 272,238 475,061 605,173 623,270
Investor relations and
general travel 346,983 215,189 567,312 359,479
Office, regulatory and
general 212,742 122,147 412,440 295,798
Amortization 38,066 38,941 77,007 87,909
Foreign exchange
gain (loss) (311,553) (494) (696,214) (2,050)
Interest and bank
charges 1,677 2,138 2,815 5,175
1,268,691 1,736,008 2,737,488 2,957,311
Interest income and
other 68,964 36,884 133,051 63,329
(Loss) and comprehensive
(loss) for the period (1,199,727) (1,699,124) (2,604,437) (2,893,982)
(Loss) per share --
basic and diluted (0.01) (0.02) (0.02) (0.03)

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aDNA-2303187&symbol=DNA&region=C

 

[Kostolanys Erbe]

Avino closes concentrate prepayment deal with Samsung

2015-08-17 14:20 ET - News Release



Mr. David Wolfin reports

AVINO ANNOUNCES CLOSING OF CONCENTRATES PREPAYMENT AGREEMENT WITH SAMSUNG C&T

Further to its press release dated July 9, 2015, Avino Silver & Gold Mines Ltd. has closed the concentrate prepayment agreement with Samsung C&T U.K. Ltd. for $10-million (U.S.) and has received the prepayment amount from Samsung.

The company will use the prepayment amount for mining equipment and to optimize development of its projects for increased productivity, as well as improvements to its tailings impoundment facilities and for general working capital requirements. The prepayment agreement with Samsung relates to the sale of concentrates produced from the company's Avino mine only and does not include concentrates produced from the San Gonzalo mine. The company has already sent the first shipment of concentrates to the smelter for Samsung; the expected sailing date from Manzanillo is Aug. 30, 2015.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aASM-2303339&symbol=ASM&region=C

 

[Kostolanys Erbe]

Insiderverkäufe bei IO:

Aug 14, 2015 (filed on Aug 17, 2015)
Insider Name:Wright, Mark St. John
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-137,500
Price:$0.15

Aug 14, 2015 (filed on Aug 17, 2015)
Insider Name:Wright, Mark St. John
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-204,500
Price:$0.15

Aug 14, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-59,500
Price:$0.15


Aug 12, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-15,000
Price:$0.16

Aug 12, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-485,000
Price:$0.15

Aug 12, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-67,700
Price:$0.15

 

[Rooky]

brauchten vielleicht ein wenig Geld um sich an der Privatplatzierung zu beteiligen

Kostolanys Erbe schrieb am 18.08.2015, 07:43 Uhr[/url]"]Insiderverkäufe bei IO:

Aug 14, 2015 (filed on Aug 17, 2015)
Insider Name:Wright, Mark St. John
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-137,500
Price:$0.15

Aug 14, 2015 (filed on Aug 17, 2015)
Insider Name:Wright, Mark St. John
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-204,500
Price:$0.15

Aug 14, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-59,500
Price:$0.15


Aug 12, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-15,000
Price:$0.16

Aug 12, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-485,000
Price:$0.15

Aug 12, 2015 (filed on Aug 17, 2015)
Insider Name:Moen, George Marius
Ownership Type:Direct Ownership
Securities:Common Shares
Nature of Transaction:10 - Acquisition or disposition in the public market
# or value acquired/disposed of:-67,700
Price:$0.15

 

[Rooky]

Zenyatta Ventures: Undervalued High Purity Graphite Play


Summary

PEA proves low cost per tonne with significant profit margins at Albany deposit.
End user interest and commitments should begin to surface soon.
Vast differences exist between amorphous, flake, hydrothermal, and synthetic graphite.
Share price hasn’t traded this low since early 2013.

I believe that Zenyatta Ventures (OTCQX:ZENYF) found something very unique, special, and valuable at their Albany deposit in Ontario, Canada. There are simply a ton of misgivings and false information circulating the graphite sector. Admittedly, I have experienced quite a learning curve to absorb this seemingly complex form of carbon that nature gave us. Today, I want to dig more into the economics and new information Zenyatta's recent PEA filing gave us to put fresh analysis on the company and share price. But before we do that, let's spend some time clarifying the similarities and differences between the types of graphite out there and compare it to what Zenyatta has at Albany. This is a very important exercise.

If you don't like Zenyatta that is more than fine, but after reading my analysis, none of my readers should be heavily invested (or better yet-invested AT ALL) in flake graphite companies….period. As you'll see, not only is flake graphite plentiful throughout the earth, the supply coming into the market will likely crush prices. Luckily, Zenyatta will be competing exclusively in the high purity synthetic graphite market, which is 15 times larger than the flake market and is not correlated with flake graphite prices. Synthetic/hydrothermal graphite and flake graphite markets and pricing are different and not highly correlated whatsoever. Minimally, people need to stop comparing flake graphite companies to Zenyatta! It is like comparing economics of a lead mine to a gold mine. Yes, they are that different!

Here is how GMP Securities describes Zenyatta's graphite:

Zenyatta is focused on developing the largest known hydrothermal graphite deposit in the world. The Albany deposit is a unique hydrothermally derived graphite deposit; the purest naturally occurring form of graphite. Indications are that Zenyatta's graphite could compete with the highest purity type of graphite, synthetic graphite, resulting in revenue per tonne at the highest end of the graphite price range (Source)."

Zenyatta Ventures describes itself as having the world's "largest and only high purity hydrothermal graphite deposit being developed in the world."
Types of Graphite

Somewhat simplified, there are three (3) different processes leading to the formation of graphite deposits. Natural graphite material has varying levels of quality depending on the type (amorphous, flake or hydrothermal). The degree of purity can vary greatly, which heavily influences the use of the material in applications and its pricing:

1. Amorphous (Sedimentary) graphite is derived from the metamorphism of coal deposits. Graphite formed under these conditions is characterized by incomplete structural ordering, abundant impurities and low crystallization, resulting in low value "amorphous" graphite with its main market in foundry applications. Amorphous applications include old school pencils. Prices for amorphous graphite are quite low at around $500 per tonne.

2. Flake (Sedimentary) graphite is the metamorphism of organic material and is very common. The formation of these deposits involves sedimentation and then alteration of carbonaceous organic matter to graphite during regional metamorphism. This graphite contains abundant impurities. Upgrading of graphite from this deposit type is complex and costly as a result of processing using aggressive acids and/or thermal treatment.

3. Hydrothermal (volcanic) graphite deposits are very rare. The formation of these deposits is associated with migrating supercritical carbon-bearing (C-O-H) fluids or fluid-rich magmas associated with volcanic activity. The formation of the carbon-bearing fluids is most often a consequence of high temperature metamorphism, but magmatic degassing can also produce graphite. Fluid precipitated graphite is well-ordered and can be a source of highly valued crystalline or vein-type graphite.

The Albany graphite deposit is a unique example of a hydrothermal graphite deposit in which a large volume of highly crystalline, fluid-deposited graphite occurs within a volcanic host rock. Says Dr. Andrew Conly from Lakehead University:

Evidence has shown that Zenyatta has discovered a unique sub-class of a hydrothermal graphite deposit unlike any other. Igneous breccia-hosted graphite deposits like Albany are very rare, and to the best of my knowledge, none are currently being mined or even in an advanced stage of exploration globally. Our on-going research of the Albany deposit will establish the first genetic model for this distinctive type of graphite."

In contrast to more commonly occurring flake and amorphous graphite deposits, the unusual hydrothermal style in the Albany deposit can be processed, at a cost advantage, to yield high purity, crystalline graphite ideally suited for advanced high-tech applications. The world trend is to develop products for technological applications that need extraordinary performance using ultra-high purity graphite powder at an affordable cost. High purity is gaining prominence at a time when Zenyatta discovered a very rare, (hydrothermal) graphite deposit, which can be upgraded to >99.9% carbon ('C') with very good crystallinity without the use of aggressive acids and high thermal treatment. The development of this deposit would place Zenyatta in a strong position to compete in specialised markets such as those currently supplied by high-cost synthetic graphite. When combined with a large, discrete ultra-high purity graphite deposit and the growth potential of these markets, the substantial potential of the Albany graphite deposit becomes quite evident."

Flake Graphite Pricing

Flake and amorphous graphite deposits are abundant globally as witnessed by the many companies that own flake graphite deposits. These types of graphite deposits are located on every continent and are huge. Flake Graphite prices have been under pressure lately with 94-97% C +80 mesh dropping 21% from $1227/tonne in Q4 2014 to $967/tonne as of summer 2015 FOB Qingdao China. This decline is a result of weak demand out of China and Europe and the strength of the American dollar. The decline has occurred in spite of reduced supply out of China stemming from the Chinese government's effort to clean up archaic and dirty mining operations.

The price decline seen recently has taken the pricing deck of flake graphite down 32% to 4-year lows. Clearly, there is no shortage of supply of flake graphite in today's market, and the potential for declining prices in the future is very significant. This is because of the avalanche of new supply that is planned by the many flake companies with mines in development.

The current (and VERY well supplied) global flake graphite market is about 500,000 tonnes of consumption per year. If you take the flake graphite mining operations that have advanced to the engineered economic evaluation stage (that we know of), the total planned production from these mines is over 1 million tonnes per year. I doubt all will make it into production but even one new mine will have a very significant negative effect on flake graphite pricing. One African-based deposit alone (one of the most advanced mines in development) is modeling sales of 356,000 tonnes per year (tpy) into a market of 500,000 tpy. Clearly this won't happen without a severe decline in flake graphite pricing from current levels. This will be very problematic for planned producers. Many have current models that assume $1500/tonne pricing for 94-97% C.

It is important to understand that there is no shortage of flake graphite deposits in the world. The geological zone hosting graphite in Mozambique, Tanzania, and Madagascar is massive. There are literally billions of tonnes of flake graphite available for development. Lastly, the entire market size in terms of dollars for most flake graphite applications is only $1 Billion annually versus high purity synthetic graphite which is nearly $15 Billion and growing.
Synthetic and Hydrothermal Graphite

Zenyatta's hydrothermal high-purity graphite will almost exclusively compete in the synthetic graphite market. It is indeed true that flake graphite can be purified to 99.9% plus through the use of thermal treatment or very aggressive acids. Cost is the main issue with thermal treatment, with costs similar to that of synthetic graphite. Many high tech applications simply will not use the graphite made if strong concentrations of acids were used in the purification process, which creates inferior brittleness amongst other negative attributes.

So why is Zenyatta going to have any advantage when trying to sell their end product up against other synthetic graphite, even if the quality is similar? Cost and environmental advantage. I can guarantee you that no synthetic graphite producer can make their end product at a cost below or even near $2,046 per tonne as was reported in the recent PEA. And, Zenyatta's actual cost could drop towards $1,700 per tonne as we get to feasibility stage. Environmental advantage as outlined by GMP:

The complete environmental footprint of the Albany Deposit benefits from its hydrothermal graphite which can be concentrated using conventional methods and purified using a caustic bake process flow sheet which has much less environmental impact than the alternatives. Other types of graphite are upgraded using hydrofluoric acid or very high temperature roasting. The use of conventional and environmentally friendly processing at Albany would be attractive for end users who are increasingly demanding full environmental product stewardship" (this is increasingly becoming a big deal to end users).

To me, the 30,000 annual tonnes sold that are modeled into the PEA is likely going to end up being conservative. It doesn't take more than potentially 4-6 customers to absorb that amount on an annual basis, and we are going to be selling into high growth markets like lithium ion batteries, fuel cells, powdered applications, nuclear, and future dynamic markets that are just beginning to surface like sintered metals. This is important because I believe the bar has been set low by Zenyatta and RPA in the PEA and the economics will improve substantially into the pre-feasibility stage. Into feasibility, the true economics will likely improve even further, and the estimates in all key areas have been conservative up to this point.

So, I do not think Zenyatta will have any trouble selling their product at a minimum of $7,500 per tonne at 30,000 tonnes per year. In fact, we may see the average selling price climb in addition to the tonnage. Even though the profit margins are substantial as is, we should see them expand into pre-feasibility, which should be finished by the end of Q1 2016. The pre-feasibility study should kick off quite soon and due to the exhaustive amount of work done for the PEA, will be completed in approximately 6 months (I call it 8 months to be safe). If the PEA is taken at face value (again, RPA I believe, was incredibly conservative in virtually all areas of study), Albany will surely become a mine, and a very profitable one at that. For those that haven't seen it, you can review the numbers here.

It can be argued but it is my opinion that the NPV (Net Present Value) at this stage should be at an 8% discount versus 10%. Even so, we will definitely look at the 8% discount numbers upon pre-feasibility in 6-8 months which gives us an almost $600 Million net present value (this is US dollars, so that is over $700 Million CDN). There are a few other key factors to keep in mind as the company gets through pre-feasibility. Two areas that RPA were too conservative on were that they did not use the underground resource, which reduced the life of mine to 22 years from what is well over 30 years using the entire proven resource (this should add close to $100 million plus to the NPV at an 8% discount rate). Additionally, they padded contingencies of 24%, which is quite high, leaving room for a $30MM reduction, or in essence another addition to the NPV. So, keep in mind that by the end of Q1 2016, Zenyatta's Albany deposit will very likely see an after tax net present value of nearly $730,000,000 US (just moving the discount rate to 8% versus 10% alone brings us to nearly $600MM). Keep in mind, this should also take the internal rate of return (IRR) to nearly 40-45%.

I zero in on this because at that stage, Zenyatta's share price should be trading at minimally 1/3 of its NPV. Let's use just $700MM US or $875,000,000 as of August 2015's conversion rate. That gives us a $291,000,000 market cap for the company. Currently, we are trading at less than one third that value! Tack on 5 million to the shares outstanding to cushion for a capital raise of approximately $5MM, and we should have a stock trading near $4.50 per share by early 2016… minimum. And remember, as the company moves forward from pre-feasibility to feasibility stage, the discount rate drops even further. At feasibility stage, a 5% discount will be appropriate and trading value near 50% of NPV means we have a low-double digit stock in Zenyatta Ventures.

If there is any one negative that sticks out to people from the PEA, it is that capital costs (CapEx) came in higher than we all expected. However, I am very confident that just a more reasonable contingency percentage brings the number into the high $300s. Additionally, once more accurate numbers are sourced on supplies, etc. my work shows the pre-feasibility stage CapEx should decline to the $300-$340MM range. This is not very high when you consider that this is a project that will likely show cash flow of over $120MM after taxes for over 30 years, probably higher and longer.

As far as financing steps, on August 16th Zenyatta closed on $2.1MM mostly from existing accredited and institutional shareholders. This will put them well on their way to either move toward pre-feasibility stage completion or refreshing the PEA. Also, it is likely that the company will receive another $2MM by December 15th of this year from the exercising of in the money stock options (expiration is December 15th - 900,000 options exercisable @ 60 cents and 1 million at $1.50). After this, we should see somewhat typical stages of financing as most mining companies that move closer to a production decision. The bankable feasibility stage will likely be funded by another equity offering or perhaps a development partner of some sort could surface. Keep in mind that either of these scenarios could result in significant dilution. The Canadian government has been very supportive of the Albany project and we've seen them pledge money via grant in the past.

I don't believe that the company will take the project into production by themselves. Either a buyer or partner will surface as more "bankable" data is produced. Then, at the bankable feasibility stage, debt/bank financing for the bulk of the capital expenditures is likely. There is also the possibility of a much smaller pilot plant of sorts that would produce revenues and allow for buildout in stages. My belief is that Zenyatta is a strong take-out candidate as they move the project past feasibility stage. The PEA fulfilled its purpose to move towards the next step of pre-feasibility because the economics clearly merit moving forward. Zenyatta will likely have to either raise a lot of money and/or give away a chunk of their equity to a development partner that could bankroll mine build out (either potentially generating shareholder dilution-unless a partner finances early to lock in cheap prices as a future customer).

In summary, Zenyatta is extremely undervalued at current prices. The Albany project has been de-risked tremendously since we initially got involved in 2012 and since the stock hit $5 in 2013. There is no better way to invest in and own exposure in the growing high purity graphite marketplace. Economics will only improve, not decline, going forward into the pre-feasibility stage of development.

As you see in the chart below, the company is now trading right near the bottom of its weekly trading channel. Predictably, we should see a bounce back to the top of the channel near $2 at a minimum from current prices in the $1.30s; this alone is a 70% plus gain. The next step is a break upwards of this very long-term flagging pattern, which will confirm a move to retest the previous highs of $5. In May, we saw a "bull trap" when the stock broke above this channel, but did not hold above it. I contend that the next breach of the top line will be the real deal as fundamentals continue to improve and off take agreements with blue chip companies are signed.

I expect a test of $2 no later than year-end 2015 and more likely sometime by the end of September or early October. Long-term investors may want to accumulate a large position near this bottom test of a predictable trading pattern in Zenyatta for superior returns.This news just in (August 12th) on collaboration between Zenyatta and Ballard Power on fuel cell applications:

Ballard testing confirmed very unique properties of Zenyatta's high purity graphite. I expect more 3rd party verification and feedback in the coming months. News release highlights:

Zenyatta graphite exhibits high thermal stability and corrosion resistance under Ballard testing;
Early testing shows Albany graphite to be suitable for BPP and GDL fuel cell components;
Zenyatta and Ballard plan to build components and further test these in fuel cells.

Dr. Rajesh Bashyam, Senior Research Scientist, R&D for Ballard stated:

Thermogravimetric Analysis (TGA) results showed that all Albany graphite samples had high thermal stability under the Ballard standard TGA protocol. Under this protocol most forms of graphite undergo complete thermal decomposition at around 860°C to lose all carbon. On the other hand, Zenyatta's Albany graphite samples only lost 60 - 65% even at 1000°C. The detailed investigation clearly indicated that the Albany graphite exhibits excellent thermal stability and this can be used advantageously in the sub-components of fuel cells, in particular as the gas diffusion layer material. Also, corrosion resistance is an important requirement for an electrically conductive material like graphite used as a component material in fuel cells. Our testing results revealed that Zenyatta graphite samples of a certain particle size were found to be more corrosion resistant than typical graphite."

Dr. Bharat Chahar, VP of Market Development for Zenyatta stated:

We are very pleased with these results from the Ballard testing. The purity and particle size of the Albany graphite material provided was already in the range needed for fuel cell applications, and therefore no further milling or purification was needed. Due to simple mineralogy, high crystallinity and desirable particle size distribution, Zenyatta's Albany graphite has shown first screening specification ranges needed for the hydrogen fuel cell components. While further tests are ongoing to verify other performance characteristics, this initial feedback on results is extremely encouraging and quite promising for our upcoming advanced testing."

Zenyatta commenced a market development program several months ago to initiate validation of Albany graphite in high purity graphite applications. Since the start of this program, the company has had detailed conversations with more than 35 graphite end-users, academic labs and third party testing facilities in Europe, North America and Asia under confidentiality agreements. Many of these organizations requested a specified amount of purified Albany graphite produced at the SGS site during the development of a process flow sheet. The samples produced at SGS are experimental in nature and may differ slightly from batch to batch and may also differ from the final product in the future. However, these samples are representative of the product that could be processed and provide a good initial assessment and guidance for the potential of Albany graphite for various applications.

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

 

[Rooky]

Vancouver, BC, August 18, 2015 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce the commencement of construction at Red Eagle Mining's 100% owned fully permitted and fully financed San Ramon Gold Mine in Antioquia, Colombia. Construction will unfold over the next twelve months, with production expected to commence during the second half of 2016.

Earthworks have commenced with clearing of the ground for the underground mine access and the conventional flotation/carbon-in-leach processing plant. Red Eagle Mining has awarded the bulk earthworks contract to Consorcio San Ramon Proyecto Civil, a joint venture between Gisaico S.A. and Minconstrucciones S.A., Medellin-based infrastructure engineering and construction groups. Minconstrucciones has also completed upgrading the eight kilometre road between paved Highway 25 and the San Ramon Gold Mine.

"Through our team's hard work, dedication, and continuous engagement with all stakeholders, we have made outstanding progress," comments Bob Bell, Chief Operating Officer. "Once in production, the San Ramon Gold Mine will be the largest producing gold mine in Colombia and aims to set the standards for the future of the gold mining industry in Colombia."

Please follow Red Eagle Mining's progress in constructing the San Ramon Gold Mine with weekly photo uploads to our flickr page.
https://www.flickr.com/photos/redeaglemining/sets/72157657213841711

http://redeaglemining.com/news/?pg=1&nyy=2015&nid=127

 

[Rooky]

http://www.wallstreet-online.de/nachricht/7885734-lithium-boom-kalifornien-verbietet-verbrennungsmotoren

 

[Kostolanys Erbe]

Fitch upgrades Greece credit rating to CCC from CC



Anscheinend zu viel bei fitch

 

[Kostolanys Erbe]

Mich reizt ja irgendwie als Gapi-Freak ein Put (normalen OS / Kein Knock-out-Scheinchen in dieser Situation); Bewertung ist echt krass, irgendwann werden auch mal die von NFLX evtl. ein Quartal enttäuschen