Rohstoffthread / CCG-Hauptthread

[Kostolanys Erbe]

Mason Graphite to focus on spherical graphite project



2020-04-09 11:22 ET - News Release



Ms. Ana Rodrigues reports

VALUE ADDED PRODUCT PROJECT BECOMES PRIORITY, MINE AND CONCENTRATOR PROJECT PUT ON HOLD

Current market conditions have led Mason Graphite Inc. to reprioritize its projects. Therefore, Mason Graphite announces that the second transformation project (coated spherical graphite) has become the priority of the Company while the first transformation project (mine and concentrator) has been postponed.

Priority to the Value-Added Products Project

Given the greater market demand and superior economics for value-added products of Mason Graphite, (VAP or second transformation), this project has been placed in priority sequence and will be the main focus of the Company's resources. The high-level technical and economic study completed internally at the beginning of the year has demonstrated that a VAP plant, for the production of coated spherical graphite used for Li-ion batteries, presents sufficient potential to justify further analysis.

Furthermore, cycling tests on coated spherical graphite produced at the pilot scale in 2019 from Lac Gueret concentrate continue (within the limits imposed by the COVID-19 crisis) at three independent laboratories. To date, the results from testing in half coin cells, full coin cells and single-layer pouch cells demonstrate that:

Specific capacity is higher than 350 mAh/g;
Capacity retention after 100 cycles is higher than 90%;
Results in power cycling (accelerated discharge) are conclusive;
Performances are coherent and reproducible for all three laboratories.


In short, these electrochemical performances are at the same level as commercial references currently available on the market. Tests in multi-layer pouch cells will start as soon as the circumstances allow.

First Transformation Project Postponed

Given the current oversupply of graphite on world markets and the unfavourable capital market conditions for natural resources projects, the Company has decided to postpone, until further notice, the development of the Lac Gueret mine and concentrator (first transformation project). As a result of this decision, Mason Graphite is forced to downsize its team dedicated to the engineering and construction of the first transformation project.

Lac Gueret is one of the highest grade and highest quality known graphite deposits in the world, is located in a highly desirable jurisdiction (Quebec) and remains a key asset for the Company. To this end, all permits, stakeholder relationships and technical studies will be kept current and in good standing for when market conditions return to normal.

Appointment of Interim President and CEO

As of April 1st, 2020, Paul Carmel, Chair of the Board of Directors of Mason Graphite, has been appointed President and CEO of Mason Graphite on an Interim basis. A search committee has been formed -- among the directors -- and is actively seeking to identify and appoint a permanent CEO.

Consent of the Qualified Person

Jean L'Heureux, Eng., M. Eng., Executive Vice President, Process Development for Mason Graphite, and a Qualified Person, as defined by NI 43-101 for Mason Graphite, was responsible for the audit of data presented in this press release and read and approved it.

About Mason Graphite

Mason Graphite is a Canadian company dedicated to the production and transformation of natural graphite. Its long-term strategy includes the development of value-added products, notably for green technologies like transport electrification. The Company also owns 100% of the rights to the Lac Gueret graphite deposit, one of the richest in the world. The Company is managed by an experienced team cumulating many decades of experience in graphite, covering production, sales, as well as research and development.

https://www.stockwatch.com/News/Item?bid=Z-C%3aLLG-2889370&symbol=LLG&region=C

 

[Kostolanys Erbe]

Nachtrag:


Freehold decreases dividend to 1.5 cents for April



2020-04-09 18:04 ET - News Release



Mr. Matt Donohue reports

FREEHOLD ROYALTIES LTD. ANNOUNCES COST REDUCTIONS AND ADJUSTS DIVIDEND FOR APRIL 2020

Reflecting sustained weakness in crude oil prices, Freehold Royalties Ltd.'s board of directors has declared a dividend of 1.5 cents per common share, to be paid on May 15, 2020, to shareholders of record on April 30, 2020, which is reduced from the previous monthly dividend level of 5.25 cents.

At the revised dividend level, Freehold's funds from operations are forecast to exceed dividend outflows for the remainder of 2020 and remain positioned at or below the low end of the company's payout range of 60 per cent to 80 per cent. Adjusting the dividend at this time preserves the strength of the company's balance sheet and enhances optionality to pursue value enhancing acquisitions for the company's shareholders as they are presented.

Reinforcing the alignment with the shareholders of Freehold, the employees of Rife Resources Ltd. will be subject to graduated salary reductions based on the level of seniority, with the chief executive officer's salary and benefits reduced by 15 per cent. Annual retainers for members of the board will also be reduced by 15 per cent. Collectively, general and administrative (G&A) expenses are projected to be reduced by 21 per cent for the remainder of 2020. The reduction in G&A is the result of a detailed review reflecting not only reductions in salaries and board fees, but all categories within G&A, including travel, software spending, contract rates and consulting fees.

The current outlook for oil prices remains challenged. The COVID-19 pandemic has crippled global demand for crude oil, with no immediate relief on the horizon. Coupled with this weakened demand environment, supply has not been curtailed to balance the market, creating a historic-low period for prices. While the near-term outlook for crude oil remains challenged, the board and management remain confident that the underlying price environment will slowly improve, with the expectation that the company will remain within its dividend payout strategy as funds from operations improve.

Freehold also believes that with the change in the underlying business environment, including the potential for increases in shut-in production and future regulatory production curtailments, its previously released 2020 guidance is no longer applicable and is therefore withdrawing all previous guidance. The company expects to provide a revised update on its 2020 forecasts at a time of increased stability associated with the commodity price environment and its royalty payor capital programs.

Freehold's focus is on acquiring and managing oil and gas royalties. Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU.

These dividends are designated as eligible dividends for Canadian income tax purposes.

https://www.stockwatch.com/News/Item?bid=Z-C%3aFRU-2889580&symbol=FRU&region=C

 

[Kostolanys Erbe]

Largo produces 2,831 t V2O5 in Q1 2020



2020-04-13 17:15 ET - News Release



Mr. Paulo Misk reports

LARGO RESOURCES REPORTS V2O5 PRODUCTION OF 2,831 TONNES IN Q1 2020

Largo Resources Ltd. has released its first-quarter 2020 production results from its Maracas Menchen mine with production of 2,831 tonnes of vanadium pentoxide (V2O5) produced at an average global recovery rate (2) of 79.9 per cent.

Total production in Q1 2020 from the Maracas Menchen Mine was 2,831 tonnes of V2O5 representing an increase of 35% over Q1 2019. Production in January 2020 was 956 tonnes of V2O5, with 915 tonnes of V2O5 produced in February 2020 and 960 tonnes produced in March 2020. Production in January 2020 was impacted by shutdowns of the kiln and cooler to fix the refractory and for maintenance to correct instability in the kiln feed. Production in February and March 2020 was impacted by additional kiln shutdowns to fix hot spots in the refractory. The Company's planned upgrades to the kiln and improvements in the cooler have been postponed until further notice as a result of precautionary measures such as limiting mine site personnel and contractors in light of the COVID-19 pandemic. The Company will instead be performing an enhanced preventative maintenance program in the chemical plant for approximately 15 days and, as a result, estimates that April 2020 production will be approximately 500 tonnes of V2O5.

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

https://www.stockwatch.com/News/Item?bid=Z-C%3aLGO-2889963&symbol=LGO&region=C

 

[Kostolanys Erbe]

Zu SMD:

https://highballerstocks.com/2020/04/strategic-metals-smd-v-tees-up-mount-hinton-for-high-grade-gold-and-silver/

Kostolanys Erbe schrieb am 05.04.2020, 20:42 Uhr[/url]"]Da fällt mir glatt ein Artikel ein, den ich vor 4 Jahren zu SMD gelesen habe...

http://pennystockexperts.com/all-aboard-strategic-metals-ltd-this-train-is-about-to-leave-the-station/

Kostolanys Erbe schrieb am 03.04.2020, 21:23 Uhr[/url]"]Heute Kauf SMD zu 0,285 CAN$




1. Aktuelle Markt-Bewertung bei weiter steigenden Goldpreis (meine Annahme ) zu niedrig.

500.000 Unzen Gold gehören SMD aus einem Gemeinschaftsprojekt!

2. Charttechnisch Gap-Close aus Februar 2016!

Assets von SMD zur aktuellen Marktkapitalisierung von 27,5 Mio.CAN$ !


» zur Grafik


Chart aus 2016 mit Gap:

» zur Grafik



Langfristchart:

» zur Grafik


Letzte Grafik von:
http://www.321gold.com/editorials/thomson_s/thomson_s_033120.html
Mar 31st, 2020
Stewart Thomson
Graceland Updates

» zur Grafik» zur Grafik

 

[Kostolanys Erbe]

Libero ZTEM survey defines targets at Big Red



2020-04-14 07:20 ET - News Release



Mr. Ian Slater reports

LIBERO ANNOUNCES ZTEM RESULTS AND 2020 WORK PROGRAMS

Libero Copper & Gold Corp. has released results of a ZTEM electromagnetic airborne survey, which was recently flown over the Big Red property in the Golden Triangle, and has provided an update on the 2020 work programs for Big Red and the Mocoa porphyry copper deposit.

Libero has integrated the results of the ZTEM survey, the multielement geochemical analysis and additional structural and geochemical interpretation to define a 2020 field program to advance high-priority targets at Big Red to drill stage through careful mapping and sampling. Specific focus will be on the Ridge high-grade gold target where an initial drill program is planned for this summer.

All Libero employees are currently working at home and have no cases of COVID-19. Overhead costs have been minimized. However, the Big Red 2020 field program is still planned to proceed as scheduled as mineral exploration has been deemed an essential service in British Columbia.

Ridge target

.....

https://www.stockwatch.com/News/Item?bid=Z-C%3aLBC-2890161&symbol=LBC&region=C

 

[Kostolanys Erbe]

@JamesKwantes on 15 Apr 2020,

Strategic Metals poised to drill wholly owned high-grade gold project
    
By James Kwantes
Resource Opportunities


https://ceo.ca/@jameskwantes/strategic-metals-poised-to-drill-wholly-owned-h-g-gold-project

Kostolanys Erbe schrieb am 14.04.2020, 22:21 Uhr[/url]"]Zu SMD:

https://highballerstocks.com/2020/04/strategic-metals-smd-v-tees-up-mount-hinton-for-high-grade-gold-and-silver/

Kostolanys Erbe schrieb am 05.04.2020, 20:42 Uhr[/url]"]Da fällt mir glatt ein Artikel ein, den ich vor 4 Jahren zu SMD gelesen habe...

http://pennystockexperts.com/all-aboard-strategic-metals-ltd-this-train-is-about-to-leave-the-station/

Kostolanys Erbe schrieb am 03.04.2020, 21:23 Uhr[/url]"]Heute Kauf SMD zu 0,285 CAN$




1. Aktuelle Markt-Bewertung bei weiter steigenden Goldpreis (meine Annahme ) zu niedrig.

500.000 Unzen Gold gehören SMD aus einem Gemeinschaftsprojekt!

2. Charttechnisch Gap-Close aus Februar 2016!

Assets von SMD zur aktuellen Marktkapitalisierung von 27,5 Mio.CAN$ !


» zur Grafik


Chart aus 2016 mit Gap:

» zur Grafik



Langfristchart:

» zur Grafik


Letzte Grafik von:
http://www.321gold.com/editorials/thomson_s/thomson_s_033120.html
Mar 31st, 2020
Stewart Thomson
Graceland Updates

» zur Grafik» zur Grafik

 

[Kostolanys Erbe]

GoGold drills 11.6 m of 610 g/t AgEq at Los Ricos



2020-04-15 09:53 ET - News Release



Mr. Brad Langille reports

GOGOLD INTERSECTS 11.6M OF 610 G/T SILVER EQUIVALENT NEAR SURFACE, AND 4.2M OF 880 G/T SILVER EQUIVALENT AT SAN JUAN

GoGold Resources Inc. will release the assay results from 10 diamond drill holes that continue to increase the potential size of the Los Ricos South project in the company's Los Ricos district, including four at San Juan and six in the Main area.

Hole LRGG-20-129 was drilled on section 650N in the Main area of the project and intersected the Los Ricos quartz vein near surface from 15.0 to 51.0 metres (m). The 33-metre intersection, excluding three m of historically mined voids, averaged 283 grams per tonne (g/t) silver equivalent, made up of 193 g/t silver and 1.20 g/t gold, and included 11.6 m of 610 g/t silver equivalent, or 8.13 g/t gold equivalent.

"The strong results in the San Juan area of the Los Ricos South project are promising as we believe they will increase the number of silver equivalent ounces in our future resource. Hole 129 represents a wide zone of very high-grade mineralization very close to surface. These are the results we like to see when working towards an external 43-101-compliant resource model," said Brad Langille, president and chief executive officer.

....

https://www.stockwatch.com/News/Item?bid=Z-C%3aGGD-2890917&symbol=GGD&region=C

 

[Kostolanys Erbe]

New Gold pulls guidance, produces 103,435 oz AuEq in Q1



2020-04-15 06:44 ET - News Release



Mr. Renaud Adams reports

NEW GOLD REPORTS FIRST QUARTER OPERATIONAL RESULTS AND WITHDRAWS ANNUAL GUIDANCE

New Gold Inc. has released preliminary first quarter operational results from the Rainy River and New Afton mines. All amounts are in U.S. dollars unless otherwise indicated. Due to the rapidly changing and unpredictable environment caused by the global COVID-19 pandemic, the company is withdrawing its 2020 operational guidance until any impact is better understood.

During this unprecedented period, the health and safety of the company's work force and indigenous and other communities remain the company's No. 1 concern. The company will support all initiatives that align with that objective and will remain vigilant in providing a safe working environment for the company's work force.

Consolidated first quarter and recent highlights:

Total production for the first quarter was 103,435 gold equivalent ounces (66,790 ounces of gold, 131,417 ounces of silver and 18.5 million pounds of copper).
The Rainy River mine produced 51,106 AuEq ounces (50,381 ounces of gold and 61,265 ounces of silver) for the quarter, including 12 days of the temporary 14-day suspension of operations announced on March 20, 2020. Operations resumed on April 3, 2020, and will gradually be ramped up over the coming weeks (refer to the company's April 3, 2020, news release for further information).
The New Afton mine produced 52,329 AuEq ounces (16,409 ounces of gold and 18.5 million pounds of copper) for the quarter.
The company's available liquidity has increased to approximately $600-million following the completion of a strategic partnership with Ontario Teachers' Pension Plan whereby OTPP has acquired a 46.0-per-cent free cash flow interest in the New Afton mine for proceeds of $300-million (refer to the company's Feb. 25 and March 31, 2020, news releases for further information).
Given the rapidly changing and unpredictable environment caused by the spread of the COVID-19 virus, the company is withdrawing its guidance for 2020.
National Instrument 43-101 technical reports for the Rainy River and New Afton mines were filed on SEDAR on March 27, 2020.

....

https://www.stockwatch.com/News/Item?bid=Z-C%3aNGD-2890704&symbol=NGD&region=C

 

[Kostolanys Erbe]

Anaconda produces 4,997 oz Au in Q1



2020-04-15 07:07 ET - News Release



Mr. Kevin Bullock reports

ANACONDA MINING REPORTS Q1 2020 PRODUCTION RESULTS AND PROVIDES CORPORATE UPDATE

Anaconda Mining Inc. has released production results and certain financial information from the three months ended March 31, 2020, as well as provided a corporate update concerning the continuing COVID-19 pandemic. The company expects to file its first quarter financial statements and management discussion and analysis by May 13, 2020.

First quarter 2020 highlights:

Anaconda sold 5,132 ounces of gold in Q1 2020, generating metal revenue of $10.5-million at an average realized gold price of $2,051 ($1,526 (U.S.)) per ounce sold.
Point Rousse produced 4,997 ounces of gold in Q1 2020, a 20-per-cent increase compared with Q1 2019, due to higher mill throughput.
Mine operations moved 103,222 tonnes of ore during the first quarter from the Pine Cove open pit at an average grade of 1.47 grams per tonne at a strip ratio of 5.4 waste tonnes to ore tonnes. The company ended the first quarter with over 45,000 tonnes of ore in stockpiles.
The Pine Cove mill processed 113,136 tonnes during Q1 2020 and achieved a recovery rate of 87.4 per cent, an increase in throughput of 42 per cent compared with Q1 2019 when unplanned maintenance of the regrind mill led to lower mill availability.
The company initiated exploration programs at multiple locations at the Point Rousse project, which include 5,500 metres of diamond and percussion drilling proximal to the Pine Cove, Argyle and Stog'er Tight deposits.
Subsequent to quarter-end, Anaconda completed the spinout and financing of its Narrow Vein mining project, which will advance the innovative technology with no further financial commitment from the company.
As at March 31, 2020, the company had a cash balance of $6.4-million, preliminary working capital of $3.7-million and additional available liquidity of $300,000 from an undrawn revolving line of credit facility.

.....

https://www.stockwatch.com/News/Item?bid=Z-C%3aANX-2890736&symbol=ANX&region=C

 

[Kostolanys Erbe]

Arizona Metals drills 13.5 m of 2.92% CuEq at Kay



2020-04-15 10:02 ET - News Release



Mr. Marc Pais reports

ARIZONA METALS CORP. ANNOUNCES INITIAL DRILL PROGRAM AT KAY MINE NORTH ZONE RETURNS 4.6M AT 6.9%CUEQ, 13.5M AT 2.9% CUEQ, 2.4M AT 9.2% CUEQ, AND 2.7M AT 5.4% CUEQ

Arizona Metals Corp. has released assay results of the first seven drill holes completed at its Kay mine project, located near Black Canyon City, Ariz.

The first seven holes of the drill program, KM-20-01 to KM-20-07, were drilled to test the shallowest part of the North Zone which starts at a vertical depth of approximately 100m (Figure 1). Holes KM-20-01 through KM-20-06 all intersected massive sulphide mineralization (Table 1). Hole KM-20-07 did not intersect significant mineralization and is believed to have passed between the North and South Zones.

Arizona Metals' drilling tested a vertical extent of approximately 50m in the North Zone, to a vertical depth between 120-170m. Historic underground exploration by Exxon Minerals reported mineralization at depths in the North Zone of up to 300m below recent drilling by Arizona Metals.

...

https://www.stockwatch.com/News/Item?bid=Z-C%3aAMC-2890922&symbol=AMC&region=C

 

[Kostolanys Erbe]

Tectonic arranges $2.09-million financing with Doyon



2020-04-15 09:51 ET - News Release



Mr. Tony Reda reports

TECTONIC METALS ANNOUNCES MILESTONE STRATEGIC FINANCING WITH ALASKA NATIVE REGIONAL CORPORATION, DOYON, LTD.

Doyon Ltd. will be Tectonic Metals Inc.'s largest single shareholder upon closing of a $2,094,600 ($1.5-million (U.S.)) strategic investment in Tectonic that grants Doyon a 22.3-per-cent ownership in Tectonic on a partially diluted basis.

Tectonic and Doyon chief executive officer live webinar

Tectonic and Doyon will host a live webinar on Tuesday, April 21, 2020, at 11 a.m. ET (2 p.m. PT). The chief executive officers of both companies will present and be available to answer questions following the presentation.

For those unable to participate, a recording of the webinar will be posted to the company's website following the live broadcast.

Tectonic's president and chief executive officer, Tony Reda, commented: "With Doyon as a significant shareholder, Tectonic is positioned to build value during one of the most challenging economic climates the world has ever experienced. This landmark deal is just one step of many continuing to unfold that strengthens the partnership between Tectonic and Doyon as we explore the rich mineral potential of Alaska together. We are honoured and excited to have Doyon as a shareholder and partner as we continue our endeavour to be a pioneering mineral exploration company committed to: high standards of environmental stewardship; early and ongoing community engagement; and maximizing social and economic benefits to the communities in which we live and operate in."

Doyon's president and chief executive officer, Aaron Schutt, stated: "It's a joy to work on something positive like this in the midst of dealing with daily issues arising from COVID-19. The team at Tectonic has a proven track record in finding resources and working closely with first nations in the North. Life, business and strong relationships, such as Doyon's and Tectonic's, will continue and thrive post-COVID-19. We are pleased to deepen the partnership with Tectonic and look forward to working with them for many years to come."

Doyon's chief financial officer, Patrick Duke, commented, "This investment in Tectonic reflects Doyon's goal of responsible economic development in our region by exploring for natural resources, while also protecting and enhancing our land."

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

https://www.stockwatch.com/News/Item?bid=Z-C%3aTECT-2890916&symbol=TECT&region=C

 

[dukezero]

Sollte nach oben ausbrechen!

4.85% aktuell

 

[The Ord]

moin

kann mir einer eine Zeitschrift oder ein Buch bezgl. Sammler-Anleger Goldmünzen
empfehlen ?

 

[Kostolanys Erbe]

Calibre Mining produces 42,085 oz Au in Q1



2020-04-16 07:30 ET - News Release



Mr. Russell Ball reports

CALIBRE REPORTS STRONG FIRST QUARTER GOLD PRODUCTION; CASH ON HAND AT QUARTER END INCREASES BY 30% TO $43 MILLION

Calibre Mining Corp. has provided operating results for the three months ended March 31, 2020, and cash on hand at quarter-end (all amounts in United States dollars).

Q1 2020 highlights

Production of 42,085 ounces of gold;
Limon mill production of 20,636 ounces;
Libertad mill production of 21,449 ounces;
Cash on hand at quarter-end of $43-million;
Represents a $10-million increase from Dec. 31, 2019;
Deferred $15.5-million purchase price obligations due to B2Gold from Oct. 15, 2020, to April 15, 2021, providing significant financial flexibility;
Positive resource expansion drilling from Limon Norte (including 18.65 grams per tonne gold over 5.1 metres) and Panteon (including 17.77 g/t Au over 10.8 metres);
Execution of Borosi earn-in agreement and Nicaraguan exploration alliance agreement with Rio Tinto Exploration.

....

https://www.stockwatch.com/News/Item?bid=Z-C%3aCXB-2891320&symbol=CXB&region=C

 

[Kostolanys Erbe]

AU:NMT

Wird aktuell zum cash-Niveau gehandelt.

16/04/2020 Mt Edwards Nickel - Armstrong Resource increases 60%

https://www.asx.com.au/asxpdf/20200416/pdf/44gzzsxl1qm9r0.pdf

 

[wicki99]

GOLD - Neues Hoch wird wieder verkauft!

Die Bullen im Gold schaffen es wieder nicht, ein neues Jahreshoch direkt weiter auszubauen. Kurz vor dem Wochenende kommt der Goldkurs leicht unter Druck.

https://www.godmode-trader.de/analyse/gold-neues-hoch-wird-wieder-verkauft,8304484

 

[Kostolanys Erbe]

Luft holen...bevor es weiter aufwärts geht

wicki99 schrieb am 17.04.2020, 11:10 Uhr[/url]"]GOLD - Neues Hoch wird wieder verkauft!

Die Bullen im Gold schaffen es wieder nicht, ein neues Jahreshoch direkt weiter auszubauen. Kurz vor dem Wochenende kommt der Goldkurs leicht unter Druck.

https://www.godmode-trader.de/analyse/gold-neues-hoch-wird-wieder-verkauft,8304484

 

[wicki99]

ja, bei gold sehe ich auch eine gewisse spannung. wobei mein ideal-verlauf für den future so aussähe, dass der den support um 1670 $ zunächst anlaufen sollte. das tt lag immerhin schon mal bei 1696.80 $.

Kostolanys Erbe schrieb am 17.04.2020, 15:27 Uhr[/url]"]Luft holen...bevor es weiter aufwärts geht

wicki99 schrieb am 17.04.2020, 11:10 Uhr[/url]"]GOLD - Neues Hoch wird wieder verkauft!

Die Bullen im Gold schaffen es wieder nicht, ein neues Jahreshoch direkt weiter auszubauen. Kurz vor dem Wochenende kommt der Goldkurs leicht unter Druck.

https://www.godmode-trader.de/analyse/gold-neues-hoch-wird-wieder-verkauft,8304484

 

[wicki99]

Muss ich jetzt Gold kaufen?

Die Staatsverschuldungen weiten sich extrem aus. Mit der Corona-Krise haben die Politiker auch jede Menge Argumente, um ihre mit Schulden finanzierten Projekte durchzusetzen. Ist Gold hier eine Möglichkeit, das Ersparte für mich zu sichern?

https://trading-treff.de/trading/muss-ich-jetzt-gold-kaufen

 

[greenhorn]

Hallo, sehe gerade die krassen Einbrüche beim BRENT und WTI

WTI fast bei 11 USD/Barrel - damit ist doch eigentlich die gesamte Frackingindustrie in USA tot

 

[greenhorn]

https://www.godmode-trader.de/artikel/panik-am-markt-oelpreis-bricht-um-37-ein,8309827

"...Regional gibt es in den USA sogar schon wieder negative Ölpreise, wie die Nachrichtenagentur Bloomberg berichtet. Erdölproduzenten sind im Einzelfall sogar bereit, Geld dafür zu zahlen, dass ihnen das überschüssige Öl abgenommen wird.

Angesichts des niedrigen Ölpreises ist die Existenz der gesamten US-Fracking-Industrie bedroht. Denn Fracking ist typischerweise erst ab einem Ölpreis von mehr als 50 Dollar je Barrel profitabel. Um die Industrie zu stützen, will die US-Regierung Fracking-Unternehmen künftig sogar dafür bezahlen, wenn sie Öl im Boden lassen und nicht fördern. Allerdings kann das kurzfristig die Probleme nicht lösen.

Fracking-Unternehmen können auch nicht einfach ihre Ölproduktion einstellen und auf höhere Verkaufspreise warten. Denn die Fracker haben oft hohe laufende Kosten. So sich Fracking-Unternehmen oft hoch verschuldet und brauchen laufende Einnahmen, um ihre Schulden bedienen zu können.

In Europa ist die Lage nicht so ernst wie in den USA, was sich auch in einem deutlich höheren Preis der Nordsee-Sorte Brent Crude äußerst. Grundsätzlich ist die Marktsituation aber ähnlich: Es wird derzeit mehr Öl gefördert, als verbraucht werden kann. Dies ist praktisch global der Fall. Auch die von der OPEC+ vereinbarten Förderbegrenzungen reichen offensichtlich nicht aus, daran etwas zu ändern....."

greenhorn schrieb am 20.04.2020, 15:10 Uhr[/url]"] Hallo, sehe gerade die krassen Einbrüche beim BRENT und WTI

WTI fast bei 11 USD/Barrel - damit ist doch eigentlich die gesamte Frackingindustrie in USA tot

 

[Kostolanys Erbe]

UK:TRIN

Q1 2020 Operational Update 20 Apr


Auszug:

..... The Company is now targeting an average operating break-even (inclusive of hedging income) of US$20.5/bbl for FY 2020.......

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TRIN/14507578.html

Kostolanys Erbe schrieb am 03.04.2020, 20:02 Uhr[/url]"]Trinity Exploration

https://trinityexploration.com/

UK:TRIN

Keine Schulden!
ca. 13 Mio. US$ cash

Break-even Barrel Öl: 26,3 US$ !!!


Seite 5 Präsentation:

https://secureservercdn.net/198.71.233.41/f01.cc4.myftpupload.com/wp-content/uploads/2019/10/Trinity-121-Conference-October-2019-v6-FINAL2.pdf


» zur Grafik

 

[Kostolanys Erbe]

Cryptostar signs power supply deal for up to 30 MW



2020-04-20 09:02 ET - News Release



Mr. David Jellins reports

CRYPTOSTAR SIGNS POWER SUPPLY AGREEMENT SECURING INITIAL 30 MW OF LOW-COST POWER IN ALBERTA

Further to its news release on April 6, 2020, Cryptostar Corp. has signed a power supply agreement (the PSA) with an Alberta-based private energy company effective April 17, 2020, securing up to 30 megawatts (MW) at among the lowest electricity rates in North America.

Highlights of the transaction

30 MW of power secured with operations to commence as soon as possible;
Projected power cost will be amongst the lowest in the province of Alberta;
Non-dilutive transaction to Cryptostar's minority shareholders through the generous support of the major shareholder;
Cryptostar's position further strengthened to become one of the lowest cost bitcoin producers in North America.


"We are pleased to have finalized the terms of the PSA with the Alberta partner. This PSA is consistent with the company's long-term expansion plans into low-cost energy regions in North America and solidifies Cryptostar's objective to become one of the lowest cost bitcoin producers in North America," said David Jellins, chief executive officer of Cryptostar.

Under the terms of the PSA, the Alberta partner has agreed to commence supplying electrical power to Cryptostar following an initial upfront payment, which will be allocated toward a prepayment of initial power costs and the costs of commissioning the required infrastructure and equipment for Cryptostar's cryptocurrency mining and data operations. The PSA has a term of five years, unless otherwise terminated or renewed in accordance with the terms of the PSA. The Alberta partner has agreed to continue negotiating exclusively with Cryptostar in respect of further power supply agreements for up to 120 MW at sites in Alberta for Cryptostar's use. The Alberta partner has also granted to Cryptostar a right of first refusal for the purchase of the Alberta partner's power generation business or any portion thereof.

ACN 117 402 838 Pty. Ltd. (formerly, Adrenaline Pty. Ltd.), Cryptostar's largest shareholder, has agreed to transfer an aggregate of 32.5 million Cryptostar shares to the Alberta partner and an arm's-length adviser upon the entry into a power supply agreement for at least 20 MW of power. The transfer of shares is a non-dilutive event for Cryptostar's other shareholders. The transfer of shares from ACN is contingent upon satisfaction or waiver by Cryptostar of certain due diligence conditions as set out in the PSA, which conditions are anticipated to be satisfied or waived on or before April 24, 2020.

The company anticipates commencing operations in Alberta in Q2 2020 and that additional data centres (containerized PODs) will subsequently come on-line in Alberta throughout 2020.

The company is currently evaluating the most optimal financing structure to best take advantage of one of the lowest cost operating environments in the cryptomining industry.

About Cryptostar Corp.

Cryptostar has cryptocurrency mining operations with data centres located in the United States and Canada. Cryptostar is currently dedicated to becoming one of the lowest cost bitcoin producers in North America.

https://www.stockwatch.com/News/Item?bid=Z-C%3aCSTR-2892442&symbol=CSTR&region=C

Kostolanys Erbe schrieb am 07.04.2020, 22:02 Uhr[/url]"]
Cryptostar, private Alberta firm sign power supply LOI



2020-04-06 11:26 ET - News Release



Mr. David Jellins reports

CRYPTOSTAR CORP. SIGNS LETTER OF INTENT TO SECURE UP TO 120 MW OF LOW-COST POWER

Cryptostar Corp. has signed a letter of intent (LOI) with an Alberta-based private energy company, effective April 3, 2020, for up to 120 megawatts (MW) at among the lowest electricity rates in North America.

Cryptostar and the Alberta Partner plan to execute the first power supply agreement for the first 20 MW of power within the next 14 days.

Highlights of the Transaction:

Projected power cost will be amongst the lowest in the Province of Alberta;
Non-dilutive transaction to Cryptostar's minority shareholders through the generous support of the major shareholder;
Cryptostar's position further strengthened to become one of the lowest cost Bitcoin producers in North America.


"This LOI with the Alberta Partner is consistent with the Company's long term expansion plans into low cost energy regions in North America and solidifies Cryptostar's objective to become one of the lowest cost Bitcoin producers in North America," said David Jellins, Chief Executive Officer of Cryptostar.

The Alberta Partner currently possesses, controls or has access to a certain three sites in Alberta and is currently permitted to generate and supply an aggregate of 30 MW.

The Alberta Partner intends to, upon approval by applicable regulatory authorities, generate and supply an aggregate of 120 MW of power to Cryptostar.

The Alberta Partner has agreed to grant to Cryptostar a right of first refusal for: (i) entry into Power Supply Agreements for up to 120 MW of electrical power generated by the Alberta Partner to be used for cryptocurrency or data centre usage; and (ii) the purchase of the Alberta Partner's power generation business or any portion thereof. The Power Supply Agreements will have a term of five (5) years, which shall automatically renew for additional five (5) year terms unless terminated in accordance with the terms thereof.

The first 20 MW of power will allow for approximately 444 PH/s of mining Hashrate to be deployed for Cryptostar and its customers in containerized PODs within 60 to 90 days with further Hashrate deployed over the remainder of 2020.

The Company anticipates commencing operations in Alberta in Q2, 2020 and that additional data centres (i.e. containerized PODs) will subsequently come online in Alberta throughout 2020.

A.C.N. 117 402 838 Pty. Ltd. (formerly Adrenaline Pty. Ltd.), Cryptostar's largest shareholder, has agreed to transfer an aggregate of 32,500,000 Cryptostar shares to the Alberta Partner and an arm's length advisor upon the entry into a Power Supply Agreement for at least 20 MW of power. The transfer of shares is a non-dilutive event for Cryptostar's other shareholders.

The Company is currently evaluating the most optimal financing structure to best take advantage of one of the lowest cost operating environments in the crypto mining industry.

About Cryptostar Corp.

Cryptostar has cryptocurrency mining operations with data centres located in the U.S.A. and Canada. Cryptostar is currently dedicated to becoming one of the lowest cost Bitcoin producers in North America.

https://www.stockwatch.com/News/Item?bid=Z-C%3aCSTR-2887746&symbol=CSTR&region=C

Kostolanys Erbe schrieb am 06.04.2020, 21:40 Uhr[/url]"]Press Release

06 April 2020



Argo Blockchain PLC

('Argo' or 'The Company')



March Operational Update



Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), is pleased to provide the following operational update for March 2020.

The Company mined 333.8 Bitcoin or Bitcoin Equivalent (BTC) during the month of March, compared to 337.5 Bitcoin Equivalent in February. This takes the total amount of BTC mined during the first three months of this year to 918 BTC, a record level for the company and more than double the amount mined during the previous three months.



Based on daily foreign exchange rates and cryptocurrency prices during the month, the Company generated mining revenue in March of £1.8 million (Feb 2020: £2.5 million). Argo generated this income at a mining margin of 42% and the Company continues to consider its operations to be among the most efficient in the market. Mining conditions were harder in March as algorithmic difficulty increased early in the month, and Bitcoin prices then saw a sharp decline in the second week of the month.



Revenues generated in the first quarter of 2020 amounted to £6 million (US$7.67 million) based on average currency rates for the period.



As previously announced, the Company's order of 1,000 Bitmain Antminer S17+ machines remains on track. The new hardware is expected to be delivered and installed by the end of April and will bring Argo's total BTC mining capacity to around 730 PH, an increase of approximately 10%.



The Company's mining operations, which are in North America, have not been impacted by Covid-19. Argo's management and staff are working remotely and all mining facilities are running as normal.



Peter Wall, chief executive of Argo, said: "Despite challenging conditions the company continues to deliver some of the best mining margins in the industry. This reflects Argo's high-quality mining infrastructure and expertise."



https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARB/14492052.html

Kostolanys Erbe schrieb am 03.04.2020, 19:41 Uhr[/url]"]
Hut 8 Mining earns $2.13-million in 2019



2020-04-03 09:25 ET - News Release



Mr. Andrew Kiguel reports

HUT 8 REPORTS 2019 YEAR-END FINANCIAL RESULTS

Hut 8 Mining Corp. has released its financial results for the year ended Dec. 31, 2019. Hut 8 reports all amounts in Canadian Dollars unless otherwise stated.

A conference call has been scheduled to discuss the Company's year-end financial results, hosted by CEO Andrew Kiguel and CFO Jimmy Vaiopoulos, starting at 10:00 a.m. ET on Monday April 6, 2020.

Date: Monday April 6, 2020Time: 10:00 a.m. ETDial-In: 1 (888) 465-5079, Canada 1 (888) 424-8151, USPasscode: 7760 654#

2019 HighlightsAnnual revenue of $82.0 million from mining 8,618 bitcoinMining profit margin of 45%Adjusted EBITDA of $33.5 million with an Adjusted EBITDA Margin of 41%Increased petahash capacity by 19.6% Repaid $5.3 million of outstanding debt Refinanced a US$15 million debt facility to lower the coupon rate Graduation to the TSX via TSX SandboxAchieved bottom line profit with net income of $2.1 million

.....

https://www.stockwatch.com/News/Item?bid=Z-C%3aHUT-2887160&symbol=HUT&region=C

Kostolanys Erbe schrieb am 09.03.2020, 21:20 Uhr[/url]"]HUT 8 Mining mit Gap-Close...nur noch obere Gaps sind zu schliessen...


» zur Grafik

Kostolanys Erbe schrieb am 05.03.2020, 17:51 Uhr[/url]"]4th March 2020



Argo Blockchain PLC

('Argo' or 'The Company')



Monthly Update

February mining income up 56%

Mining base of 17,000 machines completed ahead of schedule

New £1.17m capital investment



Argo Blockchain plc, the leading UK-based cryptocurrency miner (LSE:ARB), is pleased to provide the following update for February 2020.

The Company mined 337.5 Bitcoin or Bitcoin Equivalent (BTC) during the month of February, a 37% increase on the number of Bitcoin Equivalent mined in January (247).



Based on daily foreign exchange rates and cryptocurrency prices during the month, the Company generated mining revenue of £2.54 million, an increase of 56% on its monthly mining income in January (£1.63 million). Argo generated this income at a mining margin of 50% and the Company continues to consider its operations to be among the most efficient in the market. Mining conditions in February and algorithmic difficulty were broadly unchanged from the previous month.



The Company is also pleased to announce that it has met its target of having 17,000 machines in production by the end of Q1 2020 ahead of schedule. The Company has now installed 10,000 Bitmain Antminer T17s since the start of the year, amounting to a total investment of £7.44 million (US$9.51 million). This brings Argo's installed and operational mining capacity to 665 petahash (PH).



The Company has also ordered 1,000 Bitmain Antminer S17+ machines, at a total cost of £1.17 million (US$1.5 million). The investment is being entirely funded from internally generated cash flow. The new investment is part of the Company's maintenance capex designed to retain Argo's technology lead and prepare for the halving of Bitcoin mining reward in May, which is anticipated to strengthen market prices later this year.



The new hardware is expected to be delivered and installed by the end of April and will bring Argo's total BTC mining capacity to around 730 PH, an increase of approximately 10%.



The Company's mining operations, which are in North America, have not been impacted by coronavirus.



Peter Wall, chief executive of Argo, said: "We are immensely proud to have successfully executed the roll-out of 17,000 machines, which is part of the Company's strategy to become of one of the world's largest and most efficient cryptomining infrastructures owned and operated by a publicly-listed company. This investment was completed ahead of schedule and on budget and puts Argo in a strong competitive position to benefit from the industry's growth.



"We are also making a further small investment in new hardware to remain at the industry's forefront. We remain optimistic about the Company's prospects for 2020 and look to the future with confidence."



This announcement contains inside information.

For further information please contact:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARB/14446979.html

Kostolanys Erbe schrieb am 26.02.2020, 21:12 Uhr[/url]"]

Auch hier heißt es wohl "cash" ist Trumpf!

Bei einigen Crypto-Aktien gibt es noch Gaps zu schliessen!

» zur Grafik


» zur Grafik


» zur Grafik


» zur Grafik


» zur Grafik


» zur Grafik

 

[greenhorn]

Guten Morgen!

 

[wicki99]

palladium wird langsam auch niedergeknüppelt.

 

[Kostolanys Erbe]

Petrotal completes BN 95-6H well, suspends dividend



2020-04-21 06:06 ET - News Release



Mr. Manolo Zuniga reports

PETROTAL COMPLETES THIRD HORIZONTAL WELL AT THE BRETANA OIL FIELD

Petrotal Corp. has provided an update on its operations and production at the Bretana oil field in block 95 in Peru (100-per-cent working interest), together with a wider company financing update. All monetary amounts in this release are in U.S. dollars.

Highlights:

The BN 95-6H horizontal well came on line on April 10, 2020, and is currently producing approximately 5,750 barrels of oil per day (bopd), in line with management's expectations. During these 10 days the well has achieved average production of approximately 4,500 bopd.
The 6H well was completed on time and under the original $12.6-million budget.
The 6H well reached a lateral length of 1,178 metres and has been completed using autonomous inflow control device (AICD) valves that restrict water inflow, to help maximize oil production.
The Bretana oil field reached new record quarterly production of approximately 9,688 bopd and sales of 9,937 bopd during the first quarter of 2020.
The company completed commissioning of the enhanced central production facilities (CPF-1), bringing overall oil production capacity to between 16,000 bopd and 18,000 bopd.
In order to preserve liquidity, the company will postpone drilling the water disposal well that was scheduled to spud after 6H and, based on the enhanced CPF-1 production capacity, also delay completion of the CPF-2 facilities, reducing the company's overall 2020 capital expenditure budget by 33 per cent to $66-million.
In light of global market uncertainty, and to further conserve cash, the company will postpone drilling the BN 95-7H horizontal well until at least July, 2020, instead of the previously announced mid-May spud date.
As of March 31, 2020, the company has $7.3-million of cash on hand, which is prior to receipt of approximately $7.5-million, from net proceeds of March oil sales.


Further information

Petrotal has successfully completed the 6H well, the company's third horizontal well in the Bretana oil field, which is currently producing 5,750 bopd, in line with management's expectations. The well reached the target Vivian formation at a vertical depth of 2,698 metres. The 1,178-metre horizontal section inside the main productive oil reservoir makes the 6H well the longest horizontal well drilled to date in Peru. Based on the success in the BN 95-4H and BN 95-5H wells, the 6H well completion utilizes additional AICD valves to maximize oil production. The 6H well was drilled to the west of 5H, slightly downdip of the crest of the structure, at a similar depth to the 4H. The well cost was approximately $12.5-million, under budget by approximately $150,000.

The company has postponed drilling the second water disposal well and now expects to spud the next oil well in July, 2020, at the earliest, with the drill rig now on standby status at negotiated reduced rates. Decisions on additional 2020 capital activity, including drilling additional oil wells, will be made in due course. Petrotal will look to preserve capital by deferring certain projects, such as drilling the previously mentioned water disposal well and finalizing the CPF-2, as required. The company has discretion over when to undertake all major capital projects.

Bretana oil field operations and operational netbacks

The safety of the company's work force in Peru is of the utmost importance, consequently, Petrotal has pro-actively implemented measures to prevent the occurrence of COVID-19 at the Bretana oil field, in conjunction with employees and the nearby community. These measures include: the restricted movement of people and goods; increased hygiene and cleanliness; social distancing and remote working; deferring some projects to reduce the work force on site; working with the surrounding communities and developing contingency plans for potential disruptions.

As announced on March 10, 2020, the company expected to achieve operational netbacks of $11 per barrel with its benchmark Brent priced at $30 per barrel. To date, the company has achieved netbacks of $12 per barrel and continues to engage with all its contractors to further optimize its cost structure. Petrotal will now look to achieve netbacks of $13 per barrel, equivalent to 43 per cent at $30 Brent.

Because of the strict safety and health measures and relatively high netbacks under the current Brent pricing environment, the Bretana oil field is the only oil field still producing in the Maranon basin of Peru.

Financial update

The company continues to prudently manage its cash resources. In order to increase its financial flexibility, Petrotal is in discussions to establish a credit facility either based on the increased year-end 2019 reserve valuation or from the recently completed production facilities investment. Having access to such a credit facility will strengthen Petrotal's liquidity and allow it to continue to progress the majority of its development plans. The company has additional flexibility to further reduce its cost structure as needed. Such measures include further deferrals of non-essential capital expenditures, seeking cost reductions from suppliers and extension of payment terms. Taking these steps will help to ensure the sustenance of resource operations in Peru, for all parties.

Dividend suspension

Due to the financial impact of the global oil price disruption, the company has decided to suspend declaration and payment of all dividends in order to manage cash for business operations. The board of directors will evaluate this decision on a semi-annual basis going forward and expects to reinstate its dividend policy when appropriate.

Manolo Zuniga, president and chief executive officer, commented: "Petrotal is pleased to announce another strong drilling result, with 6H being our third horizontal well drilled on time and under budget. The 6H well complements the performance of the 4H and 5H wells, and over the next few months, Petrotal will focus on optimizing production from our seven producing oil wells and preserving the company's capital position. Petrotal is fortunate to have loyal and understanding partners amongst its many contractors and related Peruvian government ministries and agencies and we are pleased to have already achieved an increase in netbacks to $12 a barrel.

"In closing, I want to sincerely commend the entire Petrotal team for their ongoing determination to deal with the COVID-19 pandemic and I look forward to keeping all of our stakeholders apprised of developments over the coming months."

Qualified person's statement

Estuardo Alvarez-Calderon, the company's vice-president, exploration and development, who has over 35 years of relevant experience in the oil industry, has approved the technical information contained in this announcement. Mr. Alvarez-Calderon received a bachelor of science degree in geology from the University of Texas at Austin and is registered on the Texas Board of Professional Geoscientists.

About Petrotal Corp.

Petrotal is a publicly traded, dual-quoted oil and gas development and production company domiciled in Calgary, Alta., focused on the development of oil assets in Peru. Petrotal's flagship asset is the Bretana oil field in Peru's block 95 where oil production was initiated in June, 2018, six months after acquisition, and within 18 months has exceeded the initial 10,000 bopd goal. Additionally, the company has large exploration prospects and is actively engaged to find a partner to drill the Osheki prospect and other leads in block 107. The company's management team has significant experience in developing and exploring for oil in all of Peru's oil producing basins and is led by a board of directors that is focused on safely and cost-effectively developing the Bretana oil field.



https://www.stockwatch.com/News/Item?bid=Z-C%3aTAL-2892835&symbol=TAL&region=C

 

[Kostolanys Erbe]

Contact Gold bottle roll tests show 108% Au recovery



2020-04-21 08:09 ET - News Release



Mr. John Glanville reports

CONTACT GOLD REPORTS EXCELLENT RECOVERIES FROM BOTTLE ROLL TESTS AT BRAVO AND ECHO ZONES, GREEN SPRINGS, NEVADA

Contact Gold Corp. has provided results from cyanide bottle roll tests from the Green Springs gold project located on the Cortez trend in Nevada.

Contact gold bottle roll testing highlights -- Alpha, Bravo and Echo zones

6.02 grams per tonne Au, or 108 per cent of the original 5.75 g/t Au average grade, using fire assay and gravimetric methods from 13 individual five-foot sample intervals totalling 1.15 kilograms from the Echo zone;
1.04 g/t Au, or 99 per cent of the original 1.05 g/t Au average grade, using fire assay and gravimetric methods from 15 individual five-foot sample intervals totalling 1.05 kg from the Bravo zone;
0.78 g/t Au, or 49 per cent of the original 1.61 g/t Au average grade, using fire assay and gravimetric methods from 17 individual five-foot sample intervals totalling 1.18 kg from the Alpha zone.

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

https://www.stockwatch.com/News/Item?bid=Z-C%3aC-2892971&symbol=C&region=C

 

[greenhorn]

Guten Morgen!

 

[Kostolanys Erbe]

UK:JSE

22 April 2020

Jadestone Energy Announces Further Capex Reductions, Australia Infill Wells Deferred



April 22, 2020-Singapore: Jadestone Energy Inc. (AIM:JSE) ("Jadestone" or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, notes the collapse of global crude oil benchmarks, with oil demand significantly impacted by the extended COVID-19 pandemic and the potential for prolonged oversupply. Against this backdrop, the Company believes it is prudent to implement stringent capital reductions across its portfolio and is therefore further reducing its 2020 capital expenditure guidance.



Jadestone's 2020 capital programme is almost entirely discretionary, and on March 19, 2020 the Company announced that it would defer the Nam Du and U Minh development project. Further, the Company today announces that is has opted to defer its Australia infill drilling campaign into 2021. This delay aims to best align capital spending with a strengthening oil price environment, maximising potential future returns, while preserving the Company's balance sheet and net cash position.



Collectively, these measures represent a reduction of 80% of the Company's originally planned 2020 spending, resulting in anticipated total capex of US$30-35 million in 2020, of which approximately US$15.5 million has already been spent in Q1 2020, including completing the Montara seismic campaign.



These measures further add to Jadestone's resiliency in the current environment, with a total cash balance of US$109.4 million (excluding restricted cash of US$10.0 million) as at March 31, 2020, or a net cash position of US$72.1 million, and about a third of the Company's production hedged at US$68.45/bbl through to September 30, 2020, and excluding incremental oil price premia.



Notwithstanding these changes, production is still expected to grow by circa 25% in 2021 with the addition of the Maari project, offshore New Zealand, which remains accretive to the portfolio and which continues through the transition process. With the delay in the Australian infill wells, the Company is now targeting a 2020 average production range of 12,000-14,000 bbls/d.



The Company also remains committed to returning capital to shareholders and, even in this extreme environment, is on track to deliver its maiden dividend in 2020.



Paul Blakeley, President and CEO commented:

"Five weeks ago, we announced a 50% reduction in capital spending by delaying the Nam Du and U Minh project in Vietnam, a relatively easy decision in today's unprecedented environment, particularly amidst delays in the Vietnam Government approvals. With the potential for significant longer-term demand destruction for crude oil due to the COVID-19 pandemic, as well as over-supply following a lack of cohesion around OPEC+ production quotas, we have elected to take the most conservative measures possible by eliminating almost all of our discretionary capital spending for the remainder of the year.


"We are fortunate to have this flexibility, and will therefore defer the Stag and Montara infill wells until next year, rather than investing into new wells which will deliver a high volume of production into a low oil price world. Whilst we remain operating cash flow positive, we see no point in eroding value in these investments and prefer to protect our balance sheet throughout this market turmoil, and come out the other side as one of the strongest survivors.


"Deferring the two infill wells not only sets us up to remain more resilient during this uncertain time, but also allows us to potentially lock-in lower service costs next year, ahead of what we anticipate will be a recovering oil price environment, and achieve a better return for investors.


"By protecting the balance sheet, we not only protect the integrity of the business and shareholders' capital, but we also create additional financial flexibility to pursue opportunities, in addition to Maari, for further accretive, inorganic growth, that this oil price environment will undoubtedly present."



- Ends -

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/JSE/14511305.html

 

[Kostolanys Erbe]

New Oroperu arranges $1.2-million private placement



2020-04-22 08:03 ET - News Release



Mr. K. Wayne Livingstone reports

NEW OROPERU PROVIDES CORPORATE UPDATE AND ANNOUNCES C$1,200,000 NON-BROKERED FINANCING

New Oroperu Resources Inc. has provided a corporate update on certain activities being undertaken by New Oruperu to advance its Tres Cruces gold project in Peru and expand on its existing 2.6 million ounces of gold in measured and indicated resources and 600,000 ounces of gold in inferred resources.

Tres Cruces is a 100-per-cent-company-owned project, subject to 1.5-per-cent net smelter return royalty and subject to a share purchase option and joint participation agreement with Minera Barrick Misquichilca SA, which expires on Dec. 31, 2020. Under the terms of the agreement, in order to exercise its option Barrick must make a production decision by Dec. 31, 2020, and pay for all expenditures up to a production decision. To maintain the option Barrick must pay $250,000 (U.S.) to the company by May 31 each year until a production decision is made. The company retains a 30-per-cent interest and its share of production costs is financed by Barrick. Additionally, under the agreement New Oroperu retains a 2-per-cent NSR royalty of which $1-million (U.S.) is to be paid in advance at the time of a production decision.

K. Wayne Livingstone, president, chief executive officer and director, commented: "New Oroperu is committed to delivering superior value to shareholders in this critical year, as the option agreement is set to expire on Dec. 31, 2020. We are furthering our understanding of the true potential of Tres Cruces by quantifying the potential oxide mineral resources at Tres Cruces with the view of developing a possible heap leach scenario as a stand-alone operation or in partnership with Barrick. Additionally, New Oroperu is evaluating drilling opportunities on Tres Cruces for follow up on several high-priority targets, including drill holes which bottomed in high-grade mineralization and the opportunity to expand near-surface oxide mineralization."

.....

https://www.stockwatch.com/News/Item?bid=Z-C%3aORO-2893497&symbol=ORO&region=C

Kostolanys Erbe schrieb am 12.06.2019, 20:34 Uhr[/url]"]


Krass, schon seit 5 Jahren verfolge ich ORO !


New Oroperu optionee makes 2019 payment for Tres Cruces



2019-06-12 08:55 ET - News Release



Mr. K. Wayne Livingstone reports

NEW OROPERU: TRES CRUCES PROJECT UPDATE - BARRICK MAKES OPTION PAYMENT ON TRES CRUCES

Barrick has made the 2019 payment to maintain its option on New Oroperu Resources Inc.'s Tres Cruces project.

The Tres Cruces property, 100% owned by New Oroperu, is under an Option to Purchase Agreement (the "Agreement") with a Peruvian subsidiary of Barrick Gold Corp., Minera Barrick Misquichilca S.A. ("Barrick"). Maintaining the option requires an annual payment of US$250,000, subject to 30% withholding for Peruvian tax. Under the terms of the Agreement all exploration expenditures deemed necessary by Barrick to make a production decision will be paid by Barrick at no cost to the Company. Following a production decision, which must be made on or before the December 31, 2020 expiry date of the Agreement, the Company would retain a 30% fully financed interest subject to certain payback provisions, a 2% royalty interest, and receive a US$1,000,000 advance royalty payment.

The Tres Cruces project is located about 10 km south of Barrick's Lagunas Norte gold deposit, where production started in June 2005. The close proximity of Barrick's Lagunas Norte Project creates potential operating synergies which could enhance the development opportunity for Tres Cruces.

New Oroperu has a National Instrument 43-101 entitled "Technical Report on the Tres Cruces Project, North Central Peru" dated September 28, 2012 by Peter A. Lacroix, P.Eng. of Lacroix and Associated, which updated mineral resource estimates for the Tres Cruces project based on all available information to that date. According to the report, the Tres Cruces mineral resource is estimated to contain 2.6 million ounces of gold at a 0.6 g/t Au cut-off in the measured and indicated category. The resources were estimated using data from 73,000 meters of drilling in 359 drill holes. A complete copy of the report is available at www.sedar.com or through the Company's website at www.oroperu.com.

Metallurgical testwork on Tres Cruces mineralization described in the Company's National Instrument 43-101 Technical Report by Peter A. Lacroix described above, indicates 82% gold recoveries in sulphidic mineralization using a CIL flotation process. There is a component of oxide mineralization in the Tres Cruces deposit and it was assumed in the report that it would be treated with the sulphides. The oxide mineralization could also be processed separately by heap leaching.

The Tres Cruces deposit has several mineralized zones which are not fully defined. The Southwest Extension zone and the Southwest zone display shallow better grade mineralization which also contain oxidized components in their upper part. There is also deep mineralization indicated in several holes. These deeper higher-grade targets have not been completely drill tested and some holes have bottomed in mineralization.

The Company looks forward to future developments on the Tres Cruces project with Barrick.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aORO-2772500&symbol=ORO®ion=C

Kostolanys Erbe schrieb am 14.06.2017, 17:51 Uhr[/url]"]
New Oroperu receives Tres Cruces payment from Barrick



2017-06-14 09:32 ET - News Release


Mr. Wayne Livingstone reports

TRES CRUCES PROJECT UPDATE -- BARRICK MAKES OPTION PAYMENT ON TRES CRUCES

New Oroperu Resources Inc. has noted that Barrick has made the 2017 payment of $250,000 (U.S.) to maintain its option on the Tres Cruces project.

The Tres Cruces project is located about 10 km south of Barrick's Lagunas Norte gold deposit, where production started in June 2005. On February 22, 2016, Barrick announced the results of a prefeasibility study on a plan to extend the life of Lagunas Norte by mining the refractory material below the oxide ore body in the current open pit. This study, described in a Barrick National Instrument 43-101 Technical Report dated March 21, 2016, contemplates the installation of a new grinding-flotation-autoclave and carbon-in-leach processing circuit to treat the refractory material below the current open pit. On February 15, 2017, Barrick announced that it is now evaluating a sequenced approach to extending the life of the Lagunas Norte mine by first optimizing the recovery of carbonaceous oxide ore contained in existing stockpiles by grinding and CIL extraction, followed by extraction and processing of refractory ores as described above.

K. Wayne Livingstone, President, says "We believe the potential addition of a grinding-flotation-autoclave and carbon-in leach processing circuit to extend the life of Barrick's Lagunas Norte mine could enhance the development opportunity for Tres Cruces because of the proximal advantages to and synergies with Barrick's operations. Further exploration would better define known shallow higher grade zones and expand higher grade deep mineralization. We look forward to Barrick expanding and defining further Tres Cruces resources and ultimately making a production decision."

The Tres Cruces property, 100% owned by New Oroperu, is under an Option to Purchase Agreement with a Peruvian subsidiary of Barrick Gold Corp., Minera Barrick Misquichilca S.A. ("Barrick"). Maintaining the option requires an annual payment of US$250,000, subject to 30% withholding for Peruvian tax. Under the terms of the Agreement all exploration expenditures deemed necessary by Barrick to make a production decision will be paid by Barrick at no cost to the Company. Following a production decision, which must be made on or before December 31, 2020, the Company would retain a 30% fully financed interest subject to certain payback provisions, a 2% royalty interest, and receive a US$1,000,000 advance royalty payment.

Tres Cruces gold mineralization is comprised of a minor oxidized component and a dominant sulphidic component. Metallurgical test work on Tres Cruces mineralization described in the Company's National Instrument 43-101 Technical Report by Peter A. Lacroix, described below, indicates good gold recoveries in sulphidic mineralization using a CIL flotation process. The minor component of oxide mineralization in the Tres Cruces deposit is assumed, in the report, to be treated with the sulphides. The oxidized component is predominantly located in the south part of the deposit at shallow depths and associated with a higher grade part of the deposit. Further drilling of these shallow mineralized zones may better define areas with better grade and gold recoveries. Some examples of shallow mineralization in the south part (Southwest zone) of the Tres Cruces deposit which have been previously news released are:

Date Drill Hole Interval (meters) Grade g/t Au
June 18, 2007 DTC 238 48.1 to 72.5 24.4 m 2.55
DTC 241 39.0 to 55.5 16.5 m 2.67
DTC 243 44.0 to 65.0 21.0 m 3.60
DTC 255 45.0 to 65.5 20.5 m 3.06

Aug. 13, 2007 DTC 293 37.5 to 66.5 29.0 m 2.97
and in the Southwest Extension zone
DTC 279 57.0 to 144.0 67.0 m 3.42

March 4, 2008 RTC 236 54.0 to 75.0 21.0 m 2.89
and in the Southwest Extension zone
RTC 255 37.0 to 62.0 25.0 m 3.37

As mentioned in prior news release, June 8, 2016, the depth potential with better grade gold and silver remains untested. Drill Hole RTC 255, previously reported in our news release, dated March 4, 2008, is an example of a well mineralized hole which bottomed in mineralization. It averages 228.0 m. grading 2.95 g/t Au with a shallow component from 37.0 m. to 62.0 m. (25.0 m.) grading 3.37 g/t Au and a deeper component with higher grade, 197.0 m. to 210.0 m. (13.0 m.) grading 16.17 g/t Au with 67.7 g/t Ag. Drill hole DTC 278 (Twin) has a deep mineralized interval 235.0 m. to 261.0 m. (16.0 m.) grading 5.05 g/t Au with 84.2 g/t Ag. Not all deep holes measuring the deposit were assayed for Ag. Silver (Ag) reports as a recovered product in the metallurgical test work as reported in the New Oroperu Technical Report.

In summary, the Tres Cruces deposit has several mineralized zones which are not fully defined. The Southwest Extension zone and the Southwest zone display shallow better grade mineralization which also contains oxidized components in their upper part. There is also deep mineralization indicated in several holes. These deeper high grade targets have not been completely drill tested and some holes have bottomed in mineralization. New Oroperu has a National Instrument 43-101 entitled "Technical Report on the Tres Cruces Project, North Central Peru" dated September 28, 2012 by Peter A. Lacroix, P.Eng. of Lacroix and Associated, which updated mineral resource estimates for the Tres Cruces project based on all available information to that date. According to the report, the Tres Cruces mineral resource is estimated to contain 2.6 million ounces of gold at a 0.6 g/t Au cut-off in the measured and indicated category. A complete copy of the report is available at www.sedar.com or through the Company's website at www.oroperu.com.

The Company looks forward to future developments on the Tres Cruces project with Barrick.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aORO-2480108&symbol=ORO®ion=C

Kostolanys Erbe schrieb am 25.04.2017, 20:53 Uhr[/url]"]WL:

» zur Grafik

Kostolanys Erbe schrieb am 08.06.2016, 21:42 Uhr[/url]"]New Oroperu receives annual payment for Tres Cruces



2016-06-08 09:51 ET - News Release



Mr. K. Wayne Livingstone reports

NEW OROPERU RESOURCES INC.: TRES CRUCES PROJECT UPDATE - BARRICK MAKES OPTION PAYMENT ON TRES CRUCES

Minera Barrick Misquichilca SA has made the 2016 payment to maintain its option on the New Oroperu Resources Inc.'s Tres Cruces project.

The Tres Cruces property, 100 per cent owned by New Oroperu, is under an option-to-purchase agreement with a Peruvian subsidiary of Barrick Gold Corp., Minera Barrick Misquichilca. Maintaining the option requires an annual payment of $250,000 (U.S.), subject to 30-per-cent withholding for Peruvian tax. Under the terms of the agreement, all exploration expenditures deemed necessary by Barrick to make a production decision will be paid by Barrick at no cost to the company. Following a production decision, which must be made on or before Dec. 31, 2020, the company would retain a 30-per-cent fully financed interest subject to certain payback provisions, a 2-per-cent royalty interest and receive a $1-million (U.S.) advance royalty payment.

The Tres Cruces project is located about 10 kilometres south of Barrick's Lagunas Norte gold deposit, where production started in June, 2005. On Feb. 22, 2016, Barrick announced the results of a prefeasibility study on a plan to extend the life of Lagunas Norte by mining the refractory material below the oxide ore body in the current open pit. The refractory material cannot be economically processed using heap leaching due to low recoveries. This study, described in a Barrick National Instrument 43-101 technical report dated March 21, 2016, contemplates the installation of a new grinding-flotation autoclave and carbon-in-leach processing circuit to treat the refractory material below the current open pit. The study notes that the addition of a refractory processing facility could also unlock other potential refractory mineralization sources in the region surrounding Lagunas Norte, which are not included in the scope of the study.

Prior metallurgical testwork on Tres Cruces mineralization described in the company's National Instrument 43-101 technical report by Peter A. Lacroix, described below, indicates good gold recoveries in sulphidic mineralization using a carbon-in-leach flotation process. There is a minor component of oxide mineralization in the Tres Cruces deposit, and it is assumed, in the report, that this oxide component would be treated with the sulphides.

K. Wayne Livingstone, president, says: "We believe the potential addition of a grinding-flotation autoclave and carbon-in leach processing circuit to extend the life of Barrick's Lagunas Norte mine could enhance the development opportunity for Tres Cruces because of the proximal advantages to and synergies with Barrick's operations. We look forward to Barrick expanding and defining further Tres Cruces resources and ultimately making a production decision."

New Oroperu has a National Instrument 43-101 entitled, "Technical report on the Tres Cruces project, north-central Peru," dated Sept. 28, 2012, by Mr. Lacroix, PEng, of Lacroix and Associated, which updated mineral resource estimates for the Tres Cruces project based on all available information to that date. According to the report, the Tres Cruces mineral resource is estimated to contain 2.6 million ounces of gold at a 0.6-gram-per-tonne-gold cut-off in the measured and indicated category. A complete copy of the report is available on SEDAR or through the company's website.

The Tres Cruces deposit has several mineralized zones which are not fully defined. The Southwest Extension zone and the Southwest zone display shallow better-grade mineralization which also contain oxidized components in their upper part. There is also deep mineralization indicated in several holes. These deeper high-grade targets have not been completely drill tested, and some holes have bottomed in mineralization.

Drill hole RTC 255, previously reported in the company's news release, dated March 4, 2008, is an example of a well-mineralized hole which bottomed in mineralization. It averages 228 metres grading 2.95 grams per tonne Au with a shallow component from 37 metres to 62 metres (25 metres) grading 3.37 grams per tonne Au and a deeper component with higher grade from 197 metres to 210 metres (13 metres) grading 16.17 grams per tonne Au with 67.7 grams per tonne silver. Drill hole DTC 278 (Twin) has a deep mineralized interval from 235 metres to 261 metres (16 metres) grading 5.05 grams per tonne Au with 84.2 grams per tonne Ag. Not all deep holes measuring the deposit were assayed for silver. Silver reports as a recovered product in the metallurgical testwork as reported in the New Oroperu technical report.

The company looks forward to future developments on the Tres Cruces project with Barrick.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aORO-2381466&symbol=ORO®ion=C

Kostolanys Erbe schrieb am 26.02.2016, 08:21 Uhr[/url]"]

Unglaublich...letzter Kurs 0,40 CAN$


New Oroperu says it has no material news



2016-02-23 20:04 ET - News Release


Mr. Wayne Livingstone reports

NEW OROPERU RESOURCES INC.: COMPANY ANNOUNCEMENT/UPDATE

New Oroperu Resources Inc., at the request of the Investment Industry Regulatory Organization of Canada (IIROC), confirms that it is fully disclosed of all material facts regarding the company.

The company's flagship property, the Tres Cruces project in north-central Peru, has been described in the company's earlier news releases. The company continues to maintain its 100-per-cent interest in the Tres Cruces gold project, which has been under an option to purchase agreement with a subsidiary of Barrick Gold Corp. (Minera Barrick Misquichilca S.A.) since 2003. The Tres Cruces project is located about 10 kilometres south of Barrick's Lagunas Norte gold deposit, where production started in June, 2005.

Following the company's grassroots discovery and geological definition by widely spaced exploration drilling, Barrick conducted extensive exploration work on the Tres Cruces project. New Oroperu has an NI 43-101 technical report on the Tres Cruces project, entitled, "Technical Report on the Tres Cruces Project, North-Central Peru," dated Sept. 28, 2012, by Peter A. Lacroix, PEng, of Lacroix and Associates, which updated mineral resource estimates based on all available information to that date (available on SEDAR or through the company's website). According to the report, the Tres Cruces mineral resource is estimated to contain 2.6 million ounces of gold at a cut-off of 0.6 gram per tonne gold in the measured and indicated category. This estimate was based on 359 drill holes and nearly 74,000 metres of drilling. There is also an inferred resource in areas immediately adjacent to the deposit and at depth, which may be converted to a higher category with additional drilling. The gold mineralized system is open to depth, with some drill holes bottoming in mineralization. Further exploration is warranted to define the full extent of mineralization at Tres Cruces.

© 2016 Canjex Publishing Ltd. All rights reserved.


http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aORO-2348353&symbol=ORO®ion=C

Kostolanys Erbe schrieb am 22.02.2016, 21:52 Uhr[/url]"]

Aktuell mit 18,5 k so 85% nach oben...


» zur Grafik

Kostolanys Erbe schrieb am 25.06.2015, 23:26 Uhr[/url]"]New Oroperu Resources Inc.: $650,000 Non-Brokered Financing Announced




VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 25, 2015) -

NOT FOR DISTRIBUTION IN THE U.S.A. OR TO U.S. RESIDENTS

New Oroperu Resources Inc. (the "Company") (TSX VENTURE:ORO) is pleased to announce that it plans to undertake a non-brokered private placement of up to 4,333,333 units at a price of $0.15 per unit for estimated aggregate gross proceeds of $650,000. Each unit consists of one common share of the Company and one-half of a share purchase warrant of the Company. Each whole share purchase warrant will entitle the holder to purchase one common share for a period of five years after the closing of the transaction at an exercise price of $0.20 per common share. The proceeds from the financing will be used for general working capital.

This financing is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

K. Wayne Livingstone, President

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1669-tsx-venture/oro/8804-new-oroperu-resources-inc-650-000-non-brokered-financing-announced.html#.VYx_s17vrIU

Kostolanys Erbe schrieb am 27.08.2014, 23:53 Uhr[/url]"]zu ORO:


K. Wayne Livingstone's thinly traded New Oroperu Resources Inc. (ORO) remained unchanged at 25 cents after releasing its second-quarter financials. Not much is new: the company continues to wait patiently in hopes Barrick Gold makes a production decision. Barrick has spent the past 11 years earning a 70-per-cent interest in New Oroperu's Tres Cruces gold property in Peru. It completed its required $1.7-million in exploration spending in 2005, and now has until Dec. 31, 2020, to make a production decision. At that point, New Oroperu would have a 30-per-cent free-carried interest to production. In the meantime, Barrick has been paying the company $250,000 a year to maintain the option, of which 30 per cent goes to the government of Peru as a withholding tax. New Oroperu's $175,000 a year has not been able to cover its annual expenses, which amounted to $320,000 last year, and included property maintenance payments. The company conducted no exploration at all. As a result, Mr. Livingstone will need to raise some money. He remains hopeful that Barrick is slightly closer to a production decision, since 10 kilometres away, production at Barrick's Lagunas Norte gold mine has started to decline. Last year, the company produced 600,000 ounces of gold at Lagunas, down from 755,000 in 2012 and over one million in 2011. There are still 3.75 million ounces of proven and probable gold standing in Tres Cruces's way.

Kostolanys Erbe schrieb am 11.07.2014, 09:47 Uhr[/url]"]Kurs

Kostolanys Erbe schrieb am 19.06.2014, 11:37 Uhr[/url]"]Vielen Dank für Dein Statement!

Fischlaender schrieb am 19.06.2014, 10:50 Uhr[/url]"]Kenn ich gar nicht, ein interessanter Schlaefer. Das ist so ein Wert, da weiss man nie, wann was passiert. Kann morgen sein, kann in einigen Jahren sein.

Die Lagunas Norte Mine hat noch mehr als 3mio Reserven, wird also bei momentaner Produktion fuer weitere ca. 5-6 Jahre voll ausgelastet sein. Wenn das flow-sheet fuer Tres Cruces aehnlich oder gleich Lagunas ist, kann ich mir kaum vorstellen, dass Barrick da bei nur noch 5 Jahren Reserven eine neue Mine baut, sondern eher darauf spekuliert, irgenwann wenn Lagunas erschoepft ist Mill Feed von Tres Cruces zu foerdern.

Die Grades und der Cut off bei Tres Cruces sind besser und konservativer als bei Lagunas, oekonomisch sollte das also sein.

Daher wird m.E. Barrick die Option irgendwann ziehen, nur wann...
Wenn man bis zu 5 Jahre warten kann wuerde das sicher kein Verlustgeschaeft (falls Peru nicht verstaatlicht).

Kostolanys Erbe schrieb am 18.06.2014, 22:56 Uhr[/url]"]Hier mal eine Frage an unseren Hardcore -Zocker @Fischi

Anbei ein Auszug aus dem letztem MD&A von ORO:

Haben zwar kein cash...aber 2,6 Mio. Unzen und Barrick ist seit 2003 dabei und eine Option das Projekt zu 70% zu übernehmen...

oder...das ist eher meine Sichtweise

=> ORO komplett übernehmen (ORO marketcap: ca. 4,5 Mio. !!!!)

Hälst Du eine Übernahme für wahrscheinlich???

New Oroperu is an exploration stage company engaged in the identification, evaluation, acquisition and exploration primarily of gold properties in Peru. The Company is a reporting issuer in British Columbia, Alberta and Ontario and trades on the TSX Venture Exchange under the symbol ORO.

...