Rohstoffthread / CCG-Hauptthread

[Sltrader]

der block bei 0,35 stört ein wenig

dukezero schrieb am 04.08.2017, 14:19 Uhr[/url]"]http://www.marketwired.com/press-release/colorado-announces-strategic-investment-goldcorp-agreement-acquire-remainder-ksp-project-tsx-venture-cxo-2229034.htm


Colorado Announces Strategic Investment by Goldcorp and Agreement to Acquire Remainder of KSP Project
WEST KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2017) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is pleased to announce it will complete non-flow through and flow-through non-brokered private placements (the "Placements") that will include up to 10,000,000 units (the "Units") at an issue price of $0.26 per Unit and 12,720,000 flow-through units (the "FT Units") at an issue price of $0.365 per FT Unit. Following completion of the Placements Colorado expects to raise up to $7,242,800.

 

[Sltrader]

2te zu 6,51 schnitt 6,72

Sltrader schrieb am 04.08.2017, 15:39 Uhr[/url]"]AG kleine long 7,00

Sltrader schrieb am 04.08.2017, 12:48 Uhr[/url]"]Das könnte heute schön rot werden ....

First Majestic Reports Second Quarter Financial Results
August 3, 2017

VANCOUVER, British Columbia, Aug. 03, 2017 (GLOBE NEWSWIRE) -- FIRST MAJESTIC SILVER CORP. (NYSE:AG) (TSX:FR) (the "Company" or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the second quarter ended June 30, 2017. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.

SECOND QUARTER 2017 HIGHLIGHTS
(compared to First Quarter 2017)

Silver equivalent production decreased 9% to 3.9 million ounces
Silver production decreased 16% to 2.3 million ounces
All-in sustaining costs (“AISC”) increased 19% to $14.58 per payable silver ounce
Revenues decreased 13% to $60.1 million
Realized average silver price decreased 2% to $17.17 per ounce
Mine operating earnings decreased 86% to $1.4 million
Cash flow per share was $0.11 per share (non-GAAP), a decrease of 32% from the prior quarter
Cash costs increased 11% to $7.41 per payable silver ounce (net of by-product credits)
Net earnings of $1.4 million (Basic EPS of $0.01)
Adjusted net loss, excluding non-cash and non-recurring items, totaled $3.6 million (Adjusted loss per share of $0.02)
Strong treasury with cash and cash equivalents totaling $126.9 million at the end of the quarter

“Our second quarter results were unfortunately burdened by a number of labour issues which have since been resolved,” stated Keith Neumeyer, President and CEO of First Majestic. “While weaker revenues and cash flows were realized as a result of these work stoppages and a strengthening Mexican Peso, our treasury remained relatively unchanged at a very healthy $126.9 million. Due to this unexpected weakness in cash flows, as a conservative measure, management has decided to reduce capital expenditures by $17.5 million for the year. Our focus in the second half of 2017 remains to be the construction of the new roaster system at our La Encantada mine which is on schedule for commissioning in the first quarter of 2018 as well as the renewed investments in underground development which has been lacking over the past few years. This increase in underground development, which started in mid-2016, will have a direct impact on improving production, however, the positive impacts of these types of investments are generally delayed by 12 to 24 months.”

OPERATIONAL AND FINANCIAL HIGHLIGHTS

 

[600]

Schade, wieder zurück auf die 1 CAD.

600 schrieb am 01.08.2017, 15:48 Uhr[/url]"]

dukezero schrieb am 01.08.2017, 09:29 Uhr[/url]"]TREK

» zur Grafik


https://www.trekmining.com/assets/pdf/News/Trek/2017/20170731-Trek-PR-FSResults.pdf


HIGHLIGHTS
• After-tax NPV5% of $197.1 million and IRR of 34% at $1,250/oz gold
• Low initial capital cost of $130.8 million, with LOM sustaining capital cost of $51.3 million
• LOM gold production of approximately 886,000 ounces at an average gold recovery of 91%
• Average annual gold production of approximately 136,000 ounces
• Average LOM AISC of $754/oz, placing Aurizona in the lowest quartile of the industry average
• Proven and Probable Mineral Reserves of 19.8 million tonnes at 1.52 g/t gold for 971,000 ounces of gold
• FS supports the viability of a mine restart plan with an upgraded 8,000 tonnes per day crushing and grinding
circuit to treat all ore types
• First gold pour targeted for year-end 2018

Wenn der Iceberg auf der 1,15 durch ist, geht's ne Etage höher.

 

[600]

Krasser Abverkauf heute über alle Minenwerte hinweg...
Man könnte meinen, Gold ist 5 Prozent gefallen...

 

[Sltrader]

nur sbgl nicht , nur da bin ich schon bei 5,20 raus

600 schrieb am 04.08.2017, 21:34 Uhr[/url]"]Krasser Abverkauf heute über alle Minenwerte hinweg...
Man könnte meinen, Gold ist 5 Prozent gefallen...

 

[Kostolanys Erbe]

Transatlantic Mining files new report for Grant mine



2017-08-04 15:45 ET - News Release



Mr. Bernie Sostak reports

TRANSATLANTIC MINING CORP. NI 43-101 GEOLOGY AND MINERALISATION REPORT ON THE US GRANT MINE

As a result of a review by the British Columbia Securities Commission, Transatlantic Mining Corp. is issuing the following news release to clarify disclosure for the U.S. Grant mine within the Alder Mountain project.

In December of 2016, the company filed a technical report on SEDAR for its U.S. Grant mine property entitled "The mineral resource and preliminary economic assessment at the U.S. Grant mine property, Virginia City, Madison county, Montana, United States." The original report was selected for review by the British Columbia Securities Commission. As a result of that review, the company, in a news release dated April 20, 2017, advised investors that the original report should not be relied upon until a compliant report was filed. The company commissioned a new report filed on SEDAR on Aug. 4, 2017, entitled "The geology and mineralization of the U.S. Grant mine property, Virginia City, Madison county, Montana, United States." The new report does not contain a current mineral resource estimate, and therefore no economic analysis, for the U.S. Grant mine property. The new report also updates the drilling data contained in the original report to include the results of additional drilling and assays around historical hole USG 88-2, obtained in the intervening period.

The new report also provides an historical resource estimate for the U.S. Grant mine as reported in 1990 (McLeod, 1990), as shown in the attached table.

Au grade Ag grade
Tons opt opt Category Information Source
23,000 0.53 16.5 Proven McLeod, 1990
200,000 0.53 16.5 Probable McLeod, 1990
158,400 0.3 5 Possible McLeod, 1990



The Company's Qualified Person has not done sufficient work to classify the historical estimate as current mineral resource or mineral reserve. Based on a review of all the historic data, the QP concurs that the methods used to estimate the historic resource met industry standards at that time and are reliable. The resource categories included in the 1990 estimate (Proven, Probable, and Possible) are similar to the NI 43-101 resource categories (Measured, Indicated, and Inferred). There has been little mining completed since the latest historic estimate and the estimates are supported by recent TCO exploration drilling data and recent TCO exploratory mine drifting data. The QP therefore believes that the 1990 historic resource estimate is a reliable estimate and still relevant. The QP recommends that the historic resource estimate be upgraded to a NI 43-101 compliant mineral resource estimate using the applicable historic data, recent TCO exploration drilling data, and recent TCO exploratory mine drifting data.

The US Grant Mine property has had only a limited amount of exploration drilling during its history. An exploration target in the range of 1.7- 2.6 million tons, with grade range of 0.19-0.28 opt equivalent gold (approximate range of 350,000 to 750,000 equivalent gold ounces based on gold/silver at US$1200 and US$15.80, respectively) is estimated based on vein data, average widths, down dip projections, US Grant literature and regional vein grades. Note: the potential quantity and grade above is conceptual in nature as there has been insufficient exploration to date to define a mineral resource, and it is uncertain whether further exploration will result in the target being delineated as a mineral resource.

The assays obtained from the recent drill program around the historic hole 88-2, are as follows:

true
from Au Eq Au Eq
Hole # to (ft) width Au opt Ag opt Au g/t Ag g/t
(ft) opt g/t
(ft)
SURDH#1 159 167.7 5.9 0.286 5.3 0.357 9.8 181.5 12.24

Includes 4.4 14.2
SURDH#3 122 128 3.5 0.093 1.8 0.116 3.19 60.0 3.99

SURDH#4 198 205 6.7 0.083 3.1 0.124 2.86 105.0 4.24

SURDH#5 201 207.6 6.4 0.172 2.3 0.203 5.9 78.9 7.33

Includes 2.1 16.9
SURDH#6 177.4 186.7 8.9 0.522 3.1 0.564 17.91 106.4 19.35

Includes 2.8 36.8
SURDH#8 191.5 195 3.3 0.195 3.1 0.237 6.68 107.3 8.09

SURDH#9 178.5 187.5 6.8 0.068 2.2 0.097 2.33 76.0 3.33

SURDH#10 268 276.5 6.1 0.133 1.4 0.152 4.55 48.7 5.19

Includes 2.0 10.2
682 683 1.0 0.087 3.35 0.131 2.98 114.9 4.50
SURDH#12
690 691 1.0 0.368 13.90 0.551 12.62 476.6 18.89

SURDH#13 215 221 4.3 0.100 2.35 0.131 3.43 80.57 4.49

SURDH#14 159.7 166.5 6.7 0.152 3.88 0.203 5.21 132.92 6.96

Includes 1.5 21.1
Gold equivalent is based on a contained Au price of $1200/oz and $15.80/ounce for Ag



The New Report was authored by Chris Pfahl, PE, PLS, who is a Qualified Person under NI 43-101 and has reviewed and approved the disclosure of a scientific or technical nature herein.

About Transatlantic Mining Corp.

Transatlantic Mining (TSX-V: TCO) is an emerging precious and base metal explorer, developer and producer. The Company has a focus on high-grade mining, in stable mining jurisdictions. The Company is engaged in controlling and owning mineral properties interests, such as an 80% earn-in option on the Monitor Copper-Gold project in Idaho (USA).

In January 2016, the Company entered a lease/purchase option agreement on 100% of the US Grant Gold-Silver Mine & Mill complex in Montana (USA) which has developed a concentrate within 12 months. The Company also holds an exclusive lease with option to purchase on the Kearsage claim group comprising approximately 700 acres, located approximately four miles from the US Grant Mine.

Includes 1.5 21.1
Gold equivalent is based on a contained Au price of $1200/oz and $15.80/ounce for Ag



The New Report was authored by Chris Pfahl, PE, PLS, who is a Qualified Person under NI 43-101 and has reviewed and approved the disclosure of a scientific or technical nature herein.

About Transatlantic Mining Corp.

Transatlantic Mining (TSX-V: TCO) is an emerging precious and base metal explorer, developer and producer. The Company has a focus on high-grade mining, in stable mining jurisdictions. The Company is engaged in controlling and owning mineral properties interests, such as an 80% earn-in option on the Monitor Copper-Gold project in Idaho (USA).

In January 2016, the Company entered a lease/purchase option agreement on 100% of the US Grant Gold-Silver Mine & Mill complex in Montana (USA) which has developed a concentrate within 12 months. The Company also holds an exclusive lease with option to purchase on the Kearsage claim group comprising approximately 700 acres, located approximately four miles from the US Grant Mine.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTCO-2492487&symbol=TCO&region=C

 

[dukezero]

http://www.marketwired.com/press-release/arizona-minings-expanded-drill-program-hits-more-high-grade-mineralization-outside-pea-tsx-az-2229224.htm


Arizona Mining's Expanded Drill Program Hits More High-Grade Mineralization Outside PEA Resource Outline
VANCOUVER, BC--(Marketwired - August 08, 2017) -
62 FEET ASSAYING 32.5% ZINC-LEAD AND 5.8 OPT SILVER
35 FEET ASSAYING 24.0% ZINC-LEAD AND 21.0 OPT SILVER
36.5 FEET ASSAYING 17.1% ZINC-LEAD AND 3.1 OPT SILVER
17.5 FEET ASSAYING 14.5% ZINC-LEAD AND 2.2 OPT SILVER

 

[Sltrader]

CXO orderbuch relativ leer, SK über 0,37 wäre nett

 

[600]

Sltrader schrieb am 08.08.2017, 15:41 Uhr[/url]"]CXO orderbuch relativ leer, SK über 0,37 wäre nett

p
Knapp 500k im ask auf der 0,35.

 

[Sltrader]

vorher waren es insgesamt ca. 220 K

600 schrieb am 08.08.2017, 16:57 Uhr[/url]"]

Sltrader schrieb am 08.08.2017, 15:41 Uhr[/url]"]CXO orderbuch relativ leer, SK über 0,37 wäre nett

p
Knapp 500k im ask auf der 0,35.

 

[The Bull]

BBI weiter I'm rueckwaerts gang!!!!

Wann geht Es da mal wieder richtig los?????

 

[Kostolanys Erbe]

Mason Resources investor Mantos acquires 13.66M shares



2017-08-08 11:29 ET - News Release



Mr. Stephen Scott reports

MANTOS COPPER ACQUIRES SHARES OF MASON RESOURCES

Mantos Copper (Bermuda) Ltd. has filed an early warning report as required by National Instrument 62-103 -- the early warning system and related takeover bids and insider reporting issues, regarding the acquisition of common shares of Mason Resources Corp.

The early warning report discloses that on Aug. 4, 2017, Mantos agreed to purchase an aggregate of 13,664,757 common shares of Mason Resources at a price of 20 cents per purchased share in cash for an aggregate purchase price of $2,732,952, pursuant to a private agreement among Mantos, Rio Tinto International Holdings Ltd. and Turquoise Hill Resources Ltd. The purchased shares represent all of the shares of Mason acquired by Rio Tinto and Turquoise Hill pursuant to the May 9, 2017, spinout of the Ann Mason project and Lordsburg property into Mason Resources through a plan of arrangement with Entree Resources Ltd. (formerly Entree Gold Inc.).

The purchased shares collectively represent approximately 17.54 per cent of the 77,911,286 outstanding common shares of Mason Resources (15.74 per cent on a fully diluted basis).

The early warning report states that the Mantos investors are Audley Mining Advisors Ltd., a special-purpose vehicle advised by Audley Capital Advisors LLP, and Orion Fund JV Ltd., a company managed by Orion Mine Finance Management I Ltd. Audley Capital Advisors LLP and Orion Mine Finance Management are joint actors with Mantos. The acquisition of the purchased shares is aligned with the long term strategy of Mantos to invest in attractive copper opportunities in low-risk jurisdictions. Depending on market conditions, Mantos's view of Mason Resources' prospects and other factors considered relevant by Mantos, Mantos may acquire additional securities of Mason Resources from time to time in the future, in the open market or pursuant to privately negotiated transactions, or may sell all or a portion of its securities of Mason Resources.

Stephen Scott, president and chief executive officer of Mason Resources, stated: "We are pleased that Mantos recognizes the tremendous potential to surface value through an investment in our Ann Mason copper-molybdenum project in Nevada and Lordsburg copper-gold property in New Mexico. We look forward to meeting with Mantos in the days ahead to better understand their long-term goals for the assets."

On July 19, 2017, the company adopted a shareholder rights plan to ensure, to the extent possible, that all shareholders of the company are treated fairly and equally in connection with any takeover bid or other acquisition of control of the company. The rights plan was not adopted in response to any specific takeover bid or other proposal to acquire control of Mason, and Mason is not aware of any such pending or contemplated proposals. A copy of the rights plan agreement is available under the company's profile on SEDAR.

A copy of the Early Warning Report is available under the Company's profile on SEDAR at www.sedar.com.

About Mason Resources Corp.

Mason Resources is focused on copper exploration and development in the United States. The company's key asset is its 100-per-cent-owned Ann Mason project -- an extensive, prospective land package located in the Yerington district of Nevada. The Ann Mason project hosts two copper-molybdenum porphyry deposits, Ann Mason and Blue Hill, as well as numerous earlier-stage or untested priority targets. Mason also holds a 100-per-cent interest in the Lordsburg property, an exciting earlier-stage copper-gold porphyry project, located within a historical mining district in New Mexico.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMNR-2492770&symbol=MNR&region=C

Kostolanys Erbe schrieb am 26.07.2017, 21:28 Uhr[/url]"]


» zur Grafik

Kostolanys Erbe schrieb am 21.07.2017, 21:06 Uhr[/url]"]

MNR als Spin-out vor ein paar Tagen vor dem Anstieg noch angeschaut und dachte...

» zur Grafik


schöne Gaps oben noch zu schliessen.... . Nachdem ich mir Präsentation angeschaut hatte, war MNR fast zum cash-Bestand bewertet.

K.O. Kriterium für einen Kauf war bei mir...wer soll & wann (da muss der Kupferpreis ordentlich steigen ) diese Mine finanzieren s. Präsentation.

Das einzige was Sinn machen würde, wäre eine Übernahme von Freeport-McRoRan die in der Nachbarschaft ihre Projekte haben und evtl. mehr Kupfer für die Zukunft brauchen.

http://www.masonresources.com/

Mason is focused on copper development in the USA, with its flagship asset the 100%-owned Ann Mason Project in Nevada. Ann Mason is currently at a PEA level and is ranked as the 4th largest undeveloped copper porphyry resource in Canada/USA. The Company also holds a 100%-interest in the Lordsburg property, an earlier-stage copper-gold porphyry project, located in New Mexico. Mason’s strong financial position and high-quality asset portfolio provide it with a solid foundation and flexibility for growth.

Präsentation:


http://www.masonresources.com/_resources/presentations/presentation.pdf



Nun kam gestern diese Meldung:


Mason Resources swallows poison pill



2017-07-19 17:08 ET - News Release



An anonymous director reports

MASON RESOURCES ADOPTS SHAREHOLDER RIGHTS PLAN

Mason Resources Corp.'s board of directors has adopted a shareholder rights plan.

The rights plan has been adopted to ensure, to the extent possible, that all shareholders of the company are treated fairly and equally in connection with any takeover bid or other acquisition of control of the company. The rights plan has not been adopted in response to any specific takeover bid or other proposal to acquire control of Mason Resources, and Mason Resources is not aware of any such pending or contemplated proposals.

At the close of business today, one right will be issued and attached to each outstanding common share of Mason Resources. The rights will automatically attach to the common shares with no further action required by shareholders. A right will also automatically attach to each common share of Mason Resources issued hereafter.

Subject to the terms of the rights plan and to certain exceptions provided therein, the rights will become exercisable in the event that any person, together with its affiliates, associates and joint actors, acquires or announces its intention to acquire 20 per cent or more of the company's outstanding common shares without complying with the permitted bid provisions of the rights plan or in circumstances where the application of the rights plan is waived in accordance with its terms. The permitted bid provisions prevent the dilutive effects of the rights plan from operating if a takeover bid is made to all holders of common shares of the company (other than the bidder) by way of a takeover bid circular that remains open for acceptance for a minimum of 105 days and satisfies certain other conditions that align with Canadian takeover bid rules. In circumstances where a takeover bid does not comply with the requirements of the rights plan or where the application of the rights plan is not waived in accordance with its terms, the rights holders (other than the acquiring person, and its affiliates, associates and joint actors) will be entitled to purchase additional common shares of the company at a significant discount to the market price.

The rights plan has been conditionally accepted by the Toronto Stock Exchange subject to ratification and confirmation by the shareholders of the company within six months of its effective date. The company intends to recommend that shareholders ratify and confirm the rights plan at a special meeting of shareholders to be held in 2017. If ratified and confirmed by shareholders, the rights plan will remain in effect until the close of business on the date of Mason Resources' annual meeting of shareholders in 2020. If the rights plan is not ratified and confirmed by shareholders within six months, it, together with the outstanding rights, will terminate, and be of no further force and effect.

A copy of the rights plan agreement will be made available under the company's profile on SEDAR.

About Mason Resources Corp.

Mason Resources is a well-financed Canadian company focused on copper exploration and development in the United States. The company's key asset is its 100-per-cent-owned Ann Mason project -- an extensive, prospective land package located in the Yerington district of Nevada.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aMNR-2487883&symbol=MNR&region=C

 

[Kostolanys Erbe]

Euro Sun to hold call Aug. 9 re Rovina Valley permit



2017-08-08 13:33 ET - News Release



Mr. Stan Bharti reports

EURO SUN TO HOST INVESTOR CONFERENCE CALL WEDNESDAY, AUGUST 9TH, 2017, AT 11:00 A.M. ET

Euro Sun Mining Inc. is inviting you to participate in a conference call to be held on Wednesday, Aug. 9, 2017, at 11 a.m. Eastern Time, to discuss the recent news regarding the permit process and a general corporate update. The call will be hosted by Stan Bharti, chairman; Scott Moore, president and chief executive officer; and Brad Humphrey, vice-president of corporate development. A question-and-answer period will follow the call.

The conference call details are as follows:


Date: Aug. 9, 2017



Time: 11 a.m. ET



Local and international: 1-647-427-2311



North American toll-free: 1-866-521-4909



Participation code: 68496890


The Romanian National Agency for Mineral Resources (NAMR) has issued an official notice to the company, announcing that the ratification process related to the mining licence of its Rovina Valley project granted in May, 2015, has been initiated. This notice follows the successful public audience held by NAMR on June 26, 2017 (see press releases from June 14 and June 26, 2017, for details).

As stated in the notice issued by the president of NAMR, Aurel Gheorghe: "Please be informed that following an analysis of the proposals raised in the public debate of June 26, 2017, in connection with the draft government decision on the approval of the concession licence under discussion, the explanatory memorandum has been finalized, which will be posted on the website of the National Agency for Mineral Resources in the course of the next week.

"Following the lapse of the 30 statutory days after the posting date, the licence and the explanatory memorandum will be forwarded for endorsement to the competent institutions, in view of approving licence no. 18174/2015 by government decision, according to the applicable legislation."

The mining licence for the exploitation of the company's Rovina Valley project requires the signatures of the minister of economy, minister of environment, minister of justice and minister of finance. Once these signatures are obtained, the mining licence will be sent to the secretary general of parliament and to the prime minister for final signatures, before being published in the official government gazette.

About Euro Sun Mining Inc.

Euro Sun is focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project in west-central Romania. The property hosts 7.19 million ounces of gold grading 0.55 gram per tonne and 1,420 million pounds of copper grading 0.16 per cent.

Qualified person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, vice-president, technical services, for Euro Sun, a qualified person as defined by National Instrument 43-101.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2492845&symbol=ESM&region=C

Kostolanys Erbe schrieb am 03.08.2017, 20:31 Uhr[/url]"]

Euro Sun's Rovina Valley ratification process initiated



2017-08-03 13:39 ET - News Release



Mr. Scott Moore reports

EURO SUN'S ROVINA VALLEY PROJECT MINING LICENCE ENDORSED BY THE ROMANIAN NATIONAL AGENCY FOR MINERAL RESOURCES; RATIFICATION PROCESS INITIATED WITH REQUIRED MINISTERS FOR LICENCE APPROVAL

The Romanian National Agency for Mineral Resources (NAMR) has issued an official notice to Euro Sun Mining Inc. announcing that the ratification process related to the mining licence of its Rovina Valley project granted in May, 2015, has been initiated. NAMR has completed their review and recommendations in the form of an explanatory memorandum following the successful public audience held at their offices on June 26, 2017 (see press releases from June 14 and June 26, 2017, for details), which will be forwarded to the required ministers for endorsement.

An excerpt from the official translation of the notice issued by the President of NAMR, Mr. Aurel Gheorghe, states, "...please be informed that following an analysis of the proposals raised in the public debate of June 26, 2017, in connection with the draft Government Decision on the approval of the Concession License under discussion, the Explanatory Memorandum has been finalized, which will be posted on the website of the National Agency for Mineral Resources in the course of the next week.

Following the lapse of the 30 statutory days after the posting date, the Licence and the Explanatory Memorandum will be forwarded for endorsement to the competent institutions, in view of approving License no. 18174/2015 by Government Decision, according to the applicable legislation."

The Mining Licence for the exploitation of the Company's Rovina Valley Project requires the signatures of the Minister of Economy, Minister of Environment, Minister of Justice and Minister of Finance. Once these signatures are obtained, the Mining Licence will be sent to the Secretary General of Parliament and to the Prime Minister for final signatures, before being published in the official government Gazette.

Scott Moore, President and CEO of Euro Sun Mining, stated, "We are very pleased to see the process to ratify our mining license begin, following our successful public audience in June. Once ratification is completed we will progress with the initiation of our Environmental Impact Study. We would like to thank NAMR for their support of this important project for Euro Sun and for Romania. As the first non-state-owned entity to have been issued a Mining Licence, we are committed to developing the Rovina Valley Project as an example of responsible mining to the highest environmental standards, and in the process, provide meaningful economic impact to our local community partners and to the Romanian State."

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.84 million gold equivalent ounces (7.19 million ounces of gold grading 0.55 g/t and 1,420 million pounds of copper grading 0.16%), making it the second largest gold deposit in Europe.

Qualified Person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, Vice President Technical Services for Euro Sun, who is a Qualified Persons as defined by National Instrument 43-101.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2492069&symbol=ESM&region=C

Kostolanys Erbe schrieb am 27.06.2017, 21:29 Uhr[/url]"]Noch mal die letzte news:


Euro Sun completes public meeting re Rovina licence



2017-06-26 10:41 ET - News Release



Mr. Scott Moore reports

EURO SUN SUCCESSFULLY COMPLETES PUBLIC MEETING RELATED TO ITS MINING LICENCE

In accordance with Romania's public administration transparency laws, the National Agency for Mineral Resources (NAMR) hosted a public meeting to discuss the draft government decision approving the mining licence of Euro Sun Mining Inc.'s Rovina Valley project at its headquarters today, June 26, 2017, beginning at 11 a.m. The meeting was originally scheduled for three hours to allow all interested associations and Romanian citizens to provide their comments; however, it concluded in one hour.

The mining licence, issued to the company in 2015, must be ratified by the Minister of Economy, the Minister of Water and Forests, the Minister of Justice, the Minister of Public Finance, and the Vice-Prime Minister and Minister of the Environment before being published in the government gazette.

G. Scott Moore, president and chief executive officer of Euro Sun Mining, commented: "We are pleased that this important step requested by NAMR has been successfully concluded, and we look forward to a swift formal ratification by the Romanian state. The Rovina Valley project represents a multigenerational project utilizing the highest environmental standards and without the use of cyanide. It will provide stable, high-paying employment and substantial economic benefits to the Romanian state."

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.84 million gold-equivalent ounces (7.19 million ounces of gold grading 0.55 gram per tonne and 1,420 million pounds of copper grading 0.16 per cent), making it the second-largest gold deposit in Europe.

Qualified person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, vice-president of technical services for Euro Sun, who is a qualified persons as defined by National Instrument 43-101.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2482620&symbol=ESM&region=C


Die Aktie ist im Vorwege ja schon gestiegen. Wenn aber alles ratifiziert ist, sollte das Projekt

Rovina Valley

PROJECT HIGHLIGHTS
• Rovina Valley is 100% owned by Euro Sun Mining
• 10.84M ounces of gold equivalent in the M&I category
• Mining licence granted in May 2015
• PEA completed in March 2010
• Scalable project with excellent mineral growth potential
• $51 million spent on the project to date


bzw. das Unternehmen deutlich höher bewertet werden....Zeitpunkt???

The Bull schrieb am 27.06.2017, 19:11 Uhr[/url]"]ESM jetzt wieder runter!!!

ich habe mir da etwas mehr erhofft!!!

 

[Kostolanys Erbe]

Electrovaya wins $3.8M funding for battery development



2017-08-08 14:20 ET - News Release



Dr. Raj Dasgupta reports

ELECTROVAYA TO RECEIVE C$3.8 MILLION FROM SUSTAINABLE DEVELOPMENT TECHNOLOGY CANADA (SDTC) TO DEVELOP SAFE AND LONG LASTING BATTERIES FOR COMMERCIAL VEHICLES

Sustainable Development Technology Canada has awarded $3.8-million to Electrovaya Inc. to finance the development of safe and long-lasting lithium-ion ceramic batteries for commercial vehicles.

"We are delighted that SDTC will support our activities in this fast-growing space of electric commercial vehicles, where high performance batteries are needed to match the increasing operational and safety requirements," said Dr. Raj Dasgupta, vice-president, business development, of Electrovaya.

About Electrovaya Inc.

Electrovaya designs, develops and manufactures proprietary lithium ion Super Polymer batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.

https://peketec.de/trading/efl---electrovaya-inc-t10092desc.html

 

[Kostolanys Erbe]

Euro Sun Mining to hold call re Rovina permit today



2017-08-09 09:51 ET - News Release



Mr. Stan Bharti reports

EURO SUN TO HOST INVESTOR CONFERENCE CALL WEDNESDAY, AUGUST 9TH, 2017, AT 11:00 A.M. ET

Euro Sun Mining Inc. invites you to participate in a conference call to be held Wednesday, Aug. 9, 2017, at 11 a.m. Eastern Time to discuss the recent news regarding the permit process and a general corporate update. The call will be hosted by Stan Bharti, chairman, Scott Moore, president and chief executive officer, and Brad Humphrey, vice-president of corporate development. A question-and-answer period will follow the call.

The conference call details are as follows.


Date: Aug. 9, 2017

Time: 11 a.m. ET

Local and international: 1-647-427-2311

North American toll-free: 1-866-521-4909

Participation code: 68496890


The Romanian National Agency for Mineral Resources (NAMR) has issued an official notice to the company announcing that the ratification process related to the mining licence of its Rovina Valley project granted in May, 2015, has been initiated. This notice follows the successful public audience held by NAMR on June 26, 2017 (see press releases from June 14 and June 26, 2017, for details).

As stated in the notice issued by the president of NAMR, Aurel Gheorghe, "... please be informed that following an analysis of the proposals raised in the public debate of June 26, 2017, in connection with the draft Government Decision on the approval of the Concession License under discussion, the Explanatory Memorandum has been finalized, which will be posted on the website of the National Agency for Mineral Resources in the course of the next week.

"Following the lapse of the 30 statutory days after the posting date, the Licence and the Explanatory Memorandum will be forwarded for endorsement to the competent institutions, in view of approving License no. 18174/2015 by Government Decision, according to the applicable legislation."

The mining licence for the exploitation of the company's Rovina Valley project requires the signatures of the Minister of Economy, Minister of Environment, Minister of Justice and Minister of Finance. Once these signatures are obtained, the mining licence will be sent to the Secretary General of Parliament and to the Prime Minister for final signatures, before being published in the official government gazette.

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.84 million gold equivalent ounces (7.19 million ounces of gold grading 0.55 gram per tonne and 1,420 million pounds of copper grading 0.16 per cent), making it the second-largest gold deposit in Europe.

Qualified person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, vice-president technical services for Euro Sun, who is a qualified persons as defined by National Instrument 43-101.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2493213&symbol=ESM&region=C

Kostolanys Erbe schrieb am 08.08.2017, 21:12 Uhr[/url]"]
Euro Sun to hold call Aug. 9 re Rovina Valley permit



2017-08-08 13:33 ET - News Release



Mr. Stan Bharti reports

EURO SUN TO HOST INVESTOR CONFERENCE CALL WEDNESDAY, AUGUST 9TH, 2017, AT 11:00 A.M. ET

Euro Sun Mining Inc. is inviting you to participate in a conference call to be held on Wednesday, Aug. 9, 2017, at 11 a.m. Eastern Time, to discuss the recent news regarding the permit process and a general corporate update. The call will be hosted by Stan Bharti, chairman; Scott Moore, president and chief executive officer; and Brad Humphrey, vice-president of corporate development. A question-and-answer period will follow the call.

The conference call details are as follows:


Date: Aug. 9, 2017



Time: 11 a.m. ET



Local and international: 1-647-427-2311



North American toll-free: 1-866-521-4909



Participation code: 68496890


The Romanian National Agency for Mineral Resources (NAMR) has issued an official notice to the company, announcing that the ratification process related to the mining licence of its Rovina Valley project granted in May, 2015, has been initiated. This notice follows the successful public audience held by NAMR on June 26, 2017 (see press releases from June 14 and June 26, 2017, for details).

As stated in the notice issued by the president of NAMR, Aurel Gheorghe: "Please be informed that following an analysis of the proposals raised in the public debate of June 26, 2017, in connection with the draft government decision on the approval of the concession licence under discussion, the explanatory memorandum has been finalized, which will be posted on the website of the National Agency for Mineral Resources in the course of the next week.

"Following the lapse of the 30 statutory days after the posting date, the licence and the explanatory memorandum will be forwarded for endorsement to the competent institutions, in view of approving licence no. 18174/2015 by government decision, according to the applicable legislation."

The mining licence for the exploitation of the company's Rovina Valley project requires the signatures of the minister of economy, minister of environment, minister of justice and minister of finance. Once these signatures are obtained, the mining licence will be sent to the secretary general of parliament and to the prime minister for final signatures, before being published in the official government gazette.

About Euro Sun Mining Inc.

Euro Sun is focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project in west-central Romania. The property hosts 7.19 million ounces of gold grading 0.55 gram per tonne and 1,420 million pounds of copper grading 0.16 per cent.

Qualified person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, vice-president, technical services, for Euro Sun, a qualified person as defined by National Instrument 43-101.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2492845&symbol=ESM&region=C

Kostolanys Erbe schrieb am 03.08.2017, 20:31 Uhr[/url]"]

Euro Sun's Rovina Valley ratification process initiated



2017-08-03 13:39 ET - News Release



Mr. Scott Moore reports

EURO SUN'S ROVINA VALLEY PROJECT MINING LICENCE ENDORSED BY THE ROMANIAN NATIONAL AGENCY FOR MINERAL RESOURCES; RATIFICATION PROCESS INITIATED WITH REQUIRED MINISTERS FOR LICENCE APPROVAL

The Romanian National Agency for Mineral Resources (NAMR) has issued an official notice to Euro Sun Mining Inc. announcing that the ratification process related to the mining licence of its Rovina Valley project granted in May, 2015, has been initiated. NAMR has completed their review and recommendations in the form of an explanatory memorandum following the successful public audience held at their offices on June 26, 2017 (see press releases from June 14 and June 26, 2017, for details), which will be forwarded to the required ministers for endorsement.

An excerpt from the official translation of the notice issued by the President of NAMR, Mr. Aurel Gheorghe, states, "...please be informed that following an analysis of the proposals raised in the public debate of June 26, 2017, in connection with the draft Government Decision on the approval of the Concession License under discussion, the Explanatory Memorandum has been finalized, which will be posted on the website of the National Agency for Mineral Resources in the course of the next week.

Following the lapse of the 30 statutory days after the posting date, the Licence and the Explanatory Memorandum will be forwarded for endorsement to the competent institutions, in view of approving License no. 18174/2015 by Government Decision, according to the applicable legislation."

The Mining Licence for the exploitation of the Company's Rovina Valley Project requires the signatures of the Minister of Economy, Minister of Environment, Minister of Justice and Minister of Finance. Once these signatures are obtained, the Mining Licence will be sent to the Secretary General of Parliament and to the Prime Minister for final signatures, before being published in the official government Gazette.

Scott Moore, President and CEO of Euro Sun Mining, stated, "We are very pleased to see the process to ratify our mining license begin, following our successful public audience in June. Once ratification is completed we will progress with the initiation of our Environmental Impact Study. We would like to thank NAMR for their support of this important project for Euro Sun and for Romania. As the first non-state-owned entity to have been issued a Mining Licence, we are committed to developing the Rovina Valley Project as an example of responsible mining to the highest environmental standards, and in the process, provide meaningful economic impact to our local community partners and to the Romanian State."

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.84 million gold equivalent ounces (7.19 million ounces of gold grading 0.55 g/t and 1,420 million pounds of copper grading 0.16%), making it the second largest gold deposit in Europe.

Qualified Person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, Vice President Technical Services for Euro Sun, who is a Qualified Persons as defined by National Instrument 43-101.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2492069&symbol=ESM&region=C

Kostolanys Erbe schrieb am 27.06.2017, 21:29 Uhr[/url]"]Noch mal die letzte news:


Euro Sun completes public meeting re Rovina licence



2017-06-26 10:41 ET - News Release



Mr. Scott Moore reports

EURO SUN SUCCESSFULLY COMPLETES PUBLIC MEETING RELATED TO ITS MINING LICENCE

In accordance with Romania's public administration transparency laws, the National Agency for Mineral Resources (NAMR) hosted a public meeting to discuss the draft government decision approving the mining licence of Euro Sun Mining Inc.'s Rovina Valley project at its headquarters today, June 26, 2017, beginning at 11 a.m. The meeting was originally scheduled for three hours to allow all interested associations and Romanian citizens to provide their comments; however, it concluded in one hour.

The mining licence, issued to the company in 2015, must be ratified by the Minister of Economy, the Minister of Water and Forests, the Minister of Justice, the Minister of Public Finance, and the Vice-Prime Minister and Minister of the Environment before being published in the government gazette.

G. Scott Moore, president and chief executive officer of Euro Sun Mining, commented: "We are pleased that this important step requested by NAMR has been successfully concluded, and we look forward to a swift formal ratification by the Romanian state. The Rovina Valley project represents a multigenerational project utilizing the highest environmental standards and without the use of cyanide. It will provide stable, high-paying employment and substantial economic benefits to the Romanian state."

About Euro Sun Mining Inc.

Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100-per-cent-owned Rovina Valley gold and copper project located in west-central Romania. The property hosts 10.84 million gold-equivalent ounces (7.19 million ounces of gold grading 0.55 gram per tonne and 1,420 million pounds of copper grading 0.16 per cent), making it the second-largest gold deposit in Europe.

Qualified person

The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approved by Joseph C. Milbourne, vice-president of technical services for Euro Sun, who is a qualified persons as defined by National Instrument 43-101.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2482620&symbol=ESM&region=C


Die Aktie ist im Vorwege ja schon gestiegen. Wenn aber alles ratifiziert ist, sollte das Projekt

Rovina Valley

PROJECT HIGHLIGHTS
• Rovina Valley is 100% owned by Euro Sun Mining
• 10.84M ounces of gold equivalent in the M&I category
• Mining licence granted in May 2015
• PEA completed in March 2010
• Scalable project with excellent mineral growth potential
• $51 million spent on the project to date


bzw. das Unternehmen deutlich höher bewertet werden....Zeitpunkt???

The Bull schrieb am 27.06.2017, 19:11 Uhr[/url]"]ESM jetzt wieder runter!!!

ich habe mir da etwas mehr erhofft!!!

 

[Kostolanys Erbe]

Premier Gold earns $14.6-million in Q2



2017-08-08 21:50 ET - News Release



Mr. Ewan Downie reports

PREMIER REPORTS SECOND QUARTER RESULTS WITH RECORD EARNINGS OF $0.07 PER SHARE

Premier Gold Mines Ltd. has released its operational and financial results for the second quarter ended June 30, 2017. The company previously released on July 18, 2017, its gold production results of 37,617 ounces for the second quarter. Operating results for the second quarter contributed to an EBITDA (earnings before interest, taxes, depreciation and amortization) of $31.4-million ($23.5-million (U.S.)) and net income of $14.6-million ($10.9-million (U.S.)) or seven cents per share (five U.S. cents per share).

Second quarter 2017 consolidated highlights:

Production of 37,617 ounces of gold and 89,474 ounces of silver;
Gold sales of 43,212 ounces at an average realized price (i) of $1,677 ($1,256 (U.S.)) per ounce;
Co-product cash costs (i) of $481 (U.S.) per ounce of gold;
Co-product all-in sustaining costs (AISC) (i) of $607 (U.S.) per ounce of gold;
Revenue of $74.6-million ($55.9-million (U.S.));
Operating income of $28.7-million ($21.5-million (U.S.));
Net income of $14.6-million ($10.9-million (U.S.));
Quarter-end cash balance of $156.8-million ($120.9-million (U.S.));
Cash flow from operating activities of $17.8-million ($13.4-million (U.S.)) or nine cents per share (seven U.S. cents per share);
Free cash flow of $10.1-million ($7.5-million (U.S.)) or five cents per share (four U.S. cents per share), after investing $10.7-million ($8.0-million (U.S.)) in exploration and predevelopment programs and $7.1-million ($5.5-million (U.S.)) in capital expenditures

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

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPG-2493077&symbol=PG&region=C

 

[Kostolanys Erbe]

Algold Resources closes $3.71-million private placement



2017-08-09 16:15 ET - News Release



Mr. Francois Auclair reports

ALGOLD COMPLETES A $3.7M PRIVATE PLACEMENT

Algold Resources Ltd. has closed a private placement of 18,583,364 units at a price of 20 cents each, for gross proceeds of $3,716,673. Each unit is composed of one common share of Algold (a "Common Share") and 0.5538 of one Common Share purchase warrant (a "Warrant"), for a total of 10,291,682 Warrants, each entitling the holder to acquire one Common Share at a price of $0.30 for a period of 18 months from the closing of the Offering.

The subscriber under the Offering, Wafa Mining & Petroleum SA ("Wafa"), has the right to nominate one member to Algold's board of directors and has been granted the right to participate in any future offerings to allow Wafa to maintain its ownership stake. If Wafa is diluted, it may also require Algold to complete a private placement in order to increase its participation to up to 10% so long as gross proceeds of such an offering would be at least $500,000.

The Offering remains subject to approval by the TSX Venture Exchange. The securities issued under the Offering are subject to a hold period expiring four months and one day after their issuance.

The Warrants may not be exercised to the extent that, following that exercise, Wafa would hold more than 10% of the outstanding Common Shares, unless the TSXV has authorized that Wafa become an insider of Algold.

Before this subscription, the only securities of Algold held by Wafa were 500,000 Common Shares, which represented approximately 0.3% of the outstanding total. Following this subscription, Wafa holds 19,083,364 Common Shares and 10,291,682 Warrants, representing approximately 9.8% of the Common Shares on a non-diluted basis and 14.33% on a partially-diluted basis. Wafa acquired the Common Shares and Warrants for investment purposes and to actively participate in the development of Algold's mining projects. Depending upon the circumstances, Wafa may, from time to time, acquire additional securities of Algold or dispose of all or a portion of the securities of Algold previously acquired.

An early warning report containing additional information with respect to the foregoing matters will be filed under Algold's SEDAR profile at www.sedar.com, a copy of which may be obtained by contacting its President & CEO, Francois Auclair, at 514-889-5089.

In other news, Algold has issued 7,349,339 Common Shares under its option agreement with Gryphon Minerals Limited, originally announced on October 28, 2015. The obligation to issue these Common Shares was triggered by Algold's announcement on May 1, 2017 of an increase in the inferred mineral resources on its Tijirit property. For more information, please see Algold's press releases issued on those dates.

ABOUT ALGOLD

Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aALG-2493327&symbol=ALG&region=C

Kostolanys Erbe schrieb am 13.07.2017, 18:12 Uhr[/url]"]
Algold arranges $3.71M financing with Wafa Mining



2017-07-13 09:31 ET - News Release



Mr. Francois Auclair reports

ALGOLD SIGNS A STRATEGIC PARTNERSHIP WITH WAFA MINING & PETROLEUM AND COMPLETES A $3.7M PRIVATE PLACEMENT

Algold Resources Ltd. has signed a strategic partnership agreement with its Mauritanian-based business partner, Wafa Mining & Petroleum SA. The agreement underscores Wafa's continued confidence in the corporation by providing a locally recognized partnership for Algold to pursue its exploration and development efforts in Mauritania.

"Wafa is a well-known and skilled Mauritanian-based industrial firm and has been a valued Algold partner since 2013," commented Algold chairman Benoit La Salle. "Through this new strategic agreement, Wafa not only further validates its long-term support, but provides Algold with the opportunity to significantly accelerate the development of the corporation's Mauritanian exploration projects. We are privileged to have Wafa as a strategic partner and look forward to our ongoing collaboration, as Algold continues its quest to unlock the true potential of its Tijirit gold project including the high-grade Eleonore structures."

Wafa has agreed to complete a private placement of units of Algold, under which it will subscribe for a number of Algold's common shares equal to 10 per cent of the outstanding total, at a price of 20 cents per unit. Based on the current total of 167,250,275 outstanding common shares, Wafa would subscribe for 18,583,364 units, for total gross proceeds of $3,716,673. Each unit will be composed of one common share and 0.5538 of one common share purchase warrant, for a total of 10,291,682 such warrants. Each whole warrant will entitle Wafa to acquire one common share at a price of 30 cents, for a period of 18 months from the closing of the offering. Upon closing of the offering, Wafa will have the right to nominate one member to Algold's board of directors and would be granted the right to participate in any future offerings to allow Wafa to maintain its ownership stake.

"We are extremely pleased to further strengthen our collaboration with Wafa, which has a significant mining presence in Mauritania and is active across many sectors through its various subsidiary businesses," said Algold chief executive officer Francois Auclair. "Wafa is a much-valued strategic shareholder that will ensure, in collaboration with Algold, that the corporation takes full advantage of advancement opportunities to ultimately create shareholder value."

The offering, which remains subject to receipt of the approval of the TSX Venture Exchange, is expected to close no later than July 28, 2017.

The net proceeds from the offering will be used to carry out exploration drilling on Algold Mauritanian properties and for working capital and general corporate purposes.

In addition, Algold has agreed that, no later than July 31, 2018, it will make the cash payment of $200,000 (U.S.) due to Wafa under their agreement previously announced on Jan. 29, 2013. Wafa had previously deferred that payment, as previously announced on Nov. 25, 2015. Wafa's non-participating ownership stake in Societe Mauritanienne d'Exploration (or a successor entity), which holds the existing Kneivissat permit, will also be increased from 10 per cent to 12 per cent.

About Algold Resources Ltd.

Algold Resources is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aALG-2486519&symbol=ALG&region=C

 

[Ollinho]

SSR Mining Reports Second Quarter 2017 Results

VANCOUVER, Aug. 9, 2017 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") reports consolidated financial results for the second quarter ended June 30, 2017.

Paul Benson, President and CEO said, "We delivered another strong quarter as production exceeded 100,000 gold equivalent ounces, which generated free cash flow to further strengthen our balance sheet to over $350 million in cash. Pleasingly, we have improved guidance at all operations after a strong first half and our confidence in the second half outlook. We continue to deliver on our goals to create value and growth for shareholders through disciplined investment, which now includes greenfields exploration and a third strong operating leg to our business, the Puna Operations joint venture, in addition to our ongoing Operational Excellence initiatives."

Second Quarter 2017 Highlights:

(All figures are in U.S. dollars unless otherwise noted)

-- Continued strong financial performance: Attributable net income of $37.3
million or $0.31 per share and attributable adjusted net income of $13.0
million or $0.11 per share.

-- Increased cash generation: Quarter-end cash increased to $353.5 million,
up $13.0 million, from cash generated by operating activities of $38.6
million.

-- Continued strong production: Quarterly attributable production was
102,930 gold equivalent ounces at cash costs of $682 and AISC of $889 per
payable gold equivalent ounce sold.

-- Improved annual guidance: Production guidance improved at Seabee and Puna
Operations and cash costs guidance improved at Marigold and Puna
Operations.

-- Increased tonnage at Marigold: Mined 18.0 million tonnes and stacked 6.9
million tonnes of ore, both a quarter-on-quarter increase.

-- Gold production at Marigold on plan: Produced 55,558 ounces of gold at
cash costs of $632 and AISC of $833 per payable ounce of gold sold.

-- Higher mill throughput at Seabee: Record monthly ore milled at
approximately 1,050 tonnes per day in June, supporting strong quarterly
mill ore tonnage of 928 tonnes per day.

-- Robust gold production at Seabee: Produced 20,690 ounces of gold at cash
costs of $592 and AISC of $831 per payable ounce of gold sold.

-- Exceeded planned operating performance at Pirquitas: Produced 1.9 million
ounces of silver, 28% higher than in the first quarter, contributing to
lower quarterly cash costs of $12.15 and AISC of $12.78 per payable ounce
of silver sold.

-- Extended Pirquitas operating life: Formed Puna Operations joint venture
comprised of our Pirquitas property and Golden Arrow's Chinchillas
project whereby we are the operator with a 75% interest.

...

>>> http://ir.ssrmining.com/investors/news/press-release-details/2017/SSR-Mining-Reports-Second-Quarter-2017-Results/default.aspx

 

[Ollinho]

Nevsun Announces Q2 Financial Results, Strategic Update and Annual Reserves


PR Newswire

VANCOUVER, Aug. 9, 2017

VANCOUVER, Aug. 9, 2017 /PRNewswire/ - Nevsun Resources Ltd. (TSX:NSU) (NYSE MKT: NSU) (Nevsun or the Company) today announced its financial results for Q2 2017 and key strategic and capital allocation updates to its core assets, the high-grade Timok Upper Zone copper-gold project in Serbia and the cash producing Bisha mine in Eritrea. Nevsun's recently appointed President and CEO, Peter Kukielski, has completed a comprehensive strategic review which included several trips to Serbia and Eritrea.

Peter Kukielski commented, "Nevsun's mission, and the reason I joined the Company, is to build a strong, multi-mine mid-tier mining company, delivering shared prosperity to all stakeholders. With great people, strong assets and a clean balance sheet the Company is well positioned to deliver that vision. In getting to know the business I have been pleased to meet the teams we have on the ground and to witness the strong support we enjoy from our local governments and other stakeholders."

Mr. Kukielski continued, "To ensure we properly evaluate optimization opportunities and increase the level of front end engineering at Timok, we will now complete the Preliminary Feasibility Study ("PFS") in Q1 2018. We will provide the market with an interim update via an updated Preliminary Economic Assessment ("PEA") in October 2017. The additional time spent on the PFS will reduce the time needed for a Feasibility Study, and we therefore continue to maintain our target for production in 2021. We are also required to make tough capital allocation decisions across the business. We have decided to only fund the capital for a four year open pit at Bisha. With additional capital, deeper material remains economic and we are working with the State of Eritrea to assess reserve increase options. Overall, the Company is in a stronger position to fund Timok with cash flow from Bisha and cash of $171 million on the balance sheet."

Highlights

Peter Kukielski appointed President and CEO on May 12, 2017
Decided to publish an updated Timok PEA in October 2017
Revised Timok PFS timeline to Q1 2018
Timok remains on-track for 2021 production with decline construction commencing in Q4 2017
Decided to invest $24 million in capital in a four year open pit at Bisha (all funded from operating cash flow)
Ended period with cash and cash equivalents of $171 million
Sold 34.3 million payable pounds of zinc in zinc concentrate at C1 cash costs(1) of $0.92 per payable pound sold
Sold 7.7 million payable pounds of copper in copper concentrate at C1 cash costs(1) of $1.59 per payable pound sold
Recorded a $70 million non-cash, pre-tax write-down of long term stockpiles and mobile equipment

...

>>> http://www.nevsun.com/news/2017/august9/

 

[Sltrader]

P.TSE long zu 0,25 :shock: wird nach schlechten Zahlen zerlegt

 

[Sltrader]

mal ein wenig angeknabbert jetzt TH 0,37

Sltrader schrieb am 08.08.2017, 17:12 Uhr[/url]"]vorher waren es insgesamt ca. 220 K

600 schrieb am 08.08.2017, 16:57 Uhr[/url]"]

Sltrader schrieb am 08.08.2017, 15:41 Uhr[/url]"]CXO orderbuch relativ leer, SK über 0,37 wäre nett

p
Knapp 500k im ask auf der 0,35.

 

[Kostolanys Erbe]

Renaissance to begin drilling at three projects in H2
2017-08-10 10:16 ET - News Release
Mr. Robert Felder reports
RENAISSANCE GOLD -- BUILDING STRONG PLATFORM FOR SUCCESS

Renaissance Gold Inc. has provided a summary of significant positive developments over the past several months, which collectively define a transformational event for the company. In the past three months, the company executed new deals on eight Nevada properties, completed the significant corporate acquisition of Kinetic Gold Corp. and entered into a strategic alliance with Coeur Mining Inc. These transactions and private placements have brought an additional $2.6-million into the company. As a result, the company expects to see up to 10 of its projects drilled in the next year compared with drilling only one project in 2016.

The company has recently attracted an impressive list of partners including Kinross, Coeur, AngloGold Ashanti North America Inc., Ramelius Resources Ltd. and S2 Resources Ltd. to add to its current partners including Troymet Exploration Corp. and Radius Gold Inc. Kinross and Coeur have also participated in private placements, and the company welcomes them as important new shareholders.

Ronald Parratt, chief executive officer, stated: "Signals of an improving market for exploration-focused prospect generators in 2016 prompted the company to seriously consider how it might prepare to most effectively position itself to take advantage of a rising market. The acquisition of Kinetic Gold Corp. brought in 10 high-quality gold projects in Nevada at a time when the demand for quality projects was increasing. It seems now that our vision was correct, and we are quite pleased to have completed these recent transactions, which have placed several existing and newly acquired projects into new earn-in agreements."

Exploration update

Drilling is scheduled for the second half of 2017 on the Spruce East, Buffalo Canyon and Diamond Point projects. All three of these projects are in the earn-in agreement with Kinross. Troymet, the company's partner on the Wildcat project in Utah, is planning a small core drilling program later in the year, and Radius is also planning a drill program on the Spring Peak project for later this year, pending receipt of a permit from the U.S. Forest Service. AngloGold Ashanti has been conducting mapping, sampling and spectral work on the Silicon property and is advancing drill targets. Ramelius is planning to commence work on the Jupiter project in the coming weeks and has plans to conduct additional geologic mapping, a detailed gravity survey and a soil geochemical survey, with an aim to conduct a first drilling program later in the year. S2 Resources is planning the commencement of exploration activities on the South Roberts, Pluto and Ecru projects, beginning in the fall. Generative activities under the Coeur alliance and elsewhere are continuing.

Robert Felder, president, stated: "We have seen a marked increase in interest to joint venture our exploration-stage properties over the past several months, which has resulted in several very important transactions for the company. We now have 11 of our projects in agreements and are having ongoing conversations that we are hopeful will result in additional business for us. Based on the recent deal flow, we expect to see drilling on eight to 10 of our properties over the next year. This significant increase in the level of activity and drilling of our projects is exactly the path we need to be on to maximize our chances for success and create real value for our shareholders."

Ivy Minerals Inc. option exercises

Pursuant to an option agreement between Ivy Minerals and Kinetic Gold (U.S.) Inc., effective Aug. 12, 2013 (as amended), the company exercised its option to purchase 100 per cent of the Ecru project from Ivy Minerals for the agreed-upon consideration of $176,613 (U.S.), to be settled in full by the issuing of 477,331 common shares of the company with no retained royalty. The Ecru project is included in the earn-in agreement with S2 Resources, and the exercise was a postclosing condition to that agreement. The shares will carry a hold period of 12 months from Aug. 9, 2017, the date of issue.

Pursuant to an agreement dated May 8, 2017, among Ivy Minerals, Kinetic U.S. and the company, the company exercised its option to purchase the 49.9 per cent of the Raven project not already owned by Kinetic U.S. for the agreed-upon consideration of $100,000 (U.S.), settled in full by the issuing of 370,767 common shares of the company and the grant of a 0.5-per-cent net smelter return royalty to Ivy Minerals on the claims of the Raven property as they are currently constituted. The shares will carry a hold period of 12 months from Aug. 9, 2017, the date of issue.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2493861&symbol=REN®ion=C

+

Renaissance Gold agreement to acquire Kinetic Gold
2017-08-10 16:44 ET - Property Agreement


The TSX Venture Exchange has accepted for filing documentation pertaining to an agreement dated May 11, 2017, between Renaissance Gold Inc., Kinetic Gold Corp. and the Kinetic shareholders. Pursuant to the agreement, Renaissance has acquired 100 per cent of the common shares of Kinetic for consideration of 6,832,933 common shares of Renaissance. Kinetic holds a number of property interests in Nevada.

Renaissance has also agreed to exercise an option to purchase the 49.9-per-cent participating interest in the Raven project not held by Kinetic for consideration of the issue of 370,767 common shares of Renaissance.

Kinetic holds an option to acquire 100 per cent of each of the Ecru, Jake and Many projects until June 30, 2018, for consideration of shares of Renaissance as to 477,331 shares for the Ecru claims, 372,541 shares for the Jake claims and 234,613 shares for the Many claims.

To date, Renaissance has exercised its option to acquire the Ecru claims by issuing 477,331 common shares.


Insider/pro group participation: Three common directors of Renaissance, being Ron Parratt, Richard Bedell and Dieter Krewedl, were shareholders of Kinetic and obtained common shares in Renaissance pursuant to the agreement. John Tognetti, an insider of Renaissance by way of share position, was a shareholder of Kinetic and obtained common shares in Renaissance pursuant to the agreement.


For additional information, please refer to Renaissance's news releases dated May 29, 2017, and Aug. 10, 2017.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2494078&symbol=REN®ion=C

Kostolanys Erbe schrieb am 01.08.2017, 21:47 Uhr[/url]"]
Renaissance Gold, S2 sign definitive property agreement



2017-07-31 17:09 ET - News Release



Mr. Robert Felder reports

RENAISSANCE GOLD EXECUTES EARN-IN AGREEMENT WITH S2 RESOURCES LTD. TO FUND THREE PROJECTS IN NEVADA

Renaissance Gold Inc.'s wholly owned subsidiary, Kinetic Gold (U.S.) Inc., has signed a definitive agreement with S2 Resources Ltd. through its subsidiary, Nevada Star Resources LLC. The agreement grants S2 the option to acquire a 70-per-cent interest in the South Roberts, Pluto and Ecru projects located in Nevada. S2 must spend $3-million (U.S.) per project over a five-year period to earn a 70-per-cent interest, with a committed expenditure of $200,000 (U.S.) per project by the second anniversary of the agreement. Upon signing the definitive agreement, S2 paid the company $75,000 (U.S.).

South Roberts project

The South Roberts project, Eureka county, Nevada, lies on the Battle Mountain-Eureka trend of world-class gold deposits. The project lies under shallow pediment along the western margin of the northern Nevada rift in a very similar setting to Barrick's Goldrush deposit to the north. Targets are defined along a major northwest gravity break with coincident Carlin-suite geochemistry over a strike length of more than three miles. A first-pass, six-hole drilling program conducted in 2014 confirmed shallow depths to Paleozoic bedrock and widespread anomalous gold and Carlin pathfinders, which have not yet been followed up. The 2014 drill holes were very widely spaced (approximately one kilometre apart), and significant targets remain untested.

Pluto project

The Pluto project, Lander county, Nevada, lies along the north-south Rabbit trend of gold deposits. High-grade gold up to 13.1 grams per tonne (g/t) gold (Au) occurs in an isolated outcrop of Havallah sequence rocks exposed in a structural window through Tertiary volcanic rocks. Detailed gravity and soil geochemistry define a multielement anomaly occurring mostly within a northeast-trending horst block. The highly prospective Antler sequence rocks, which host world-class deposits in the Battle Mountain district 60 miles to the north, are modelled to occur at shallow to moderate depths beneath this high-grade outcrop. The magnitude of the gold grades in the Havallah outcrop is quite unique in Nevada and could represent leakage above a potentially very robust gold system. This target has never been drilled.

Ecru project

The Ecru project, Lander county, Nevada, lies on the Battle Mountain-Eureka trend in the Cortez district, near the Gold Acres, Pipeline and Cortez Hills gold deposits. The project is centred on a large gravity high, interpreted to represent an upthrown block of favourable lower plate carbonate rocks, which host the nearby world-class gold deposits. Historic drilling on adjacent parts of the same gravity high have yielded significant mineralization in both upper and lower plate rocks, and have included grades in excess of one ounce per tonne gold. Several undrilled target areas exist on and around this gravity feature which have the potential to host a significant discovery.

Robert Felder, president, states: "We are extremely pleased to have a group of the calibre of S2 as our exploration partner on these three projects in Nevada. They have demonstrated their technical capabilities with past successes and have chosen Renaissance as a partner to work with in Nevada. We look forward to a very productive and successful relationship. This agreement advances our portfolio from having eight to now 11 of our projects in earn-in or option agreements."

About Renaissance Gold Inc.

Renaissance is a prospect generator, focused in Western United States, utilizing a joint venture business model. The company is the spinout of AuEx Ventures Inc., discoverer of the Long Canyon gold deposit in Nevada, now in production by Newmont Mining Company. Renaissance applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire high-quality precious metal exploration projects that are then offered for joint venture to industry partners. It maintains a large portfolio of gold and silver exploration properties and has entered into over 60 exploration agreements.

Qualified person

All technical data disclosed in this press release have been verified by Renaissance's qualified person, Robert Felder, MSc, a certified professional geologist as recognized by the American Institute of Professional Geologists (AIPG).

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2490641&symbol=REN®ion=C

Kostolanys Erbe schrieb am 02.07.2017, 21:34 Uhr[/url]"]
Renaissance Gold to acquire Silicon property in Nevada



2017-06-30 07:18 ET - News Release



Mr. Ronald Parratt reports

RENAISSANCE GOLD SIGNS OPTION AGREEMENT ON SILICON PROJECT WITH ANGLOGOLD ASHANTI

Renaissance Gold Inc. has signed an agreement with AngloGold Ashanti North America Inc. for an option to purchase the company's Silicon exploration property located approximately six miles northeast of Beatty in Nye county, Nevada.

The option agreement provides for a series of payments to Renaissance commencing with $100,000 (U.S.) paid on signing, and to maintain the agreement $200,000 (U.S.) on the first anniversary, $300,000 (U.S.) on the second anniversary and finally $2.4-million (U.S.) on the third anniversary of the option agreement. Upon Renaissance having been paid a total of $3-million (U.S.), AngloGold would then own a 100-per-cent interest in the property subject to Renaissance retaining a 1-per-cent net smelter return royalty on future production. In addition, Altius Minerals Corp. owns a 1.5-per-cent net smelter return royalty, which resulted from an earlier generative financing agreement. AngloGold may withdraw at any time during the option period with no retained interest.

The Silicon property comprises 277 unpatented mining claims owned by the company totalling approximately 5,702 acres (2,308 hectares) and was identified and acquired through the company's continuing generative exploration program. The Silicon property contains extensive exposures of the upper portion of a low-sulphidation, epithermal gold system defined by chalcedonic and vuggy silica, alunite and clay alteration. Intense acid leaching has created localized areas of high-purity silica, which have been mined in the past. In addition, the property contains numerous historic prospects for mercury. Limited historic drilling has taken place on the property, the majority of which is untested. Several past-producing gold properties are in the area including Bullfrog, Sterling, Fluorspar Canyon and Mother Lode with the currently active North Bullfrog project of Corvus Gold Inc. nearby as well.

Ronald Parratt stated: "This agreement is for an option to purchase the Silicon project for $3-million (U.S.) within three years and the retention of a 1-per-cent NSR. It provides RenGold with a non-dilutive source of cash to fund ongoing operations and is a complement to our usual earn-in-to-joint-venture type of agreement."

Qualified person

All technical data disclosed in this press release have been verified by the Renaissance's qualified person Daniel W. Pace, registered member of the Society for Mining, Metallurgy and Exploration (SME).

About Renaissance Gold Inc.

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration financing. Renaissance applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2484284&symbol=REN®ion=C

Kostolanys Erbe schrieb am 21.06.2017, 23:45 Uhr[/url]"]
Renaissance Gold agrees to Ramelius earn-in for Jupiter



2017-06-21 17:12 ET - News Release



Mr. Ronald Parratt reports

RENAISSANCE GOLD SIGNS BINDING TERMS SHEET WITH RAMELIUS RESOURCES ON JUPITER PROJECT

Renaissance Gold Inc.'s wholly owned subsidiary, Kinetic Gold (US) Inc. has signed a binding terms sheet with Ramelius Resources Ltd. (ASX: RMS) for an exploration earn-in agreement on its 100-per-cent-owned Jupiter project, a Carlin-type target located in Nye county, Nevada.

The agreement

The binding terms sheet stipulates the terms of a definitive agreement to be prepared within 90 days. The agreed terms grant Ramelius the right to earn a 75-per-cent interest in the property by spending $3-million (U.S.) over a five-year period. Ramelius paid the company a one-time payment of $25,000 (U.S.) upon signing the binding terms sheet, must spend $250,000 (U.S.) in the first year (firm commitment) before it may withdraw from the agreement and must spend a minimum of $100,000 (U.S.) in subsequent years to maintain the agreement.

Following completion of the earn-in, Ramelius will carry the company's share of joint venture expenditures up to Ramelius making a decision to mine. Upon making a decision to mine, the company must either contribute to joint venture expenditures in proportion to its ownership interest, dilute to a royalty interest, or allow Ramelius to provide project financing for the company, whereby Ramelius increases its project interest to 80 per cent.

Jupiter project

The Jupiter project is located approximately 60 miles southeast of Tonopah, Nev., and 110 miles north of Las Vegas, Nev. The project lies in the historic Queen City (Blackhawk) mining district at the southern end of the Quinn Canyon range. Historic mercury and base metals workings occur in several locations within and adjacent to the property. Widespread hydrothermal alteration occurs over a four-by-three-mile area and is characterized by abundant anomalous gold mineralization, with silicification plus or minus jarosite alteration. Surface rock chip sampling has yielded abundant and widespread anomalous results, ranging from detection limit up to 3.10 grams of gold per tonne, with strongly associated Carlin-suite volatile trace elements arsenic, antimony and mercury. At least one and possibly two phases of intrusive have been identified on the property, which may act as potential "heat engines" driving the hydrothermal activity. The large alteration system and associated mineralization affects both the Paleozoic sedimentary rocks and the overlying Tertiary volcanic rocks, and the company's exploration focus has been on developing Carlin-type targets in the Paleozoic carbonates.

Exploration and target development activities by the company have included geologic mapping, rock chip sampling and biostratigraphic dating, and have been successful in identifying three new target areas that are prospective for significant gold mineralization in a very similar geologic setting to Newmont's Long Canyon gold mine. Most importantly, the newly developed targets have never been drill tested. This work has redefined the stratigraphic and structural relationships in this area and have identified a previously unrecognized thrust fault, placing upper Cambrian over Ordovician rocks. This relationship indicates that prior drilling in this carbonate package occurred below the potentially highly productive Cambrian-Ordovician unconformity, which is a major host at Long Canyon. The targets consist of drilling to test the Cambrian-Ordovician unconformity in several areas; on strike with known mineralization under interpreted shallow alluvial or volcanic cover, and beneath significant "surface leakage" gold mineralization in overlying Ordovician rocks.

The Jupiter property comprises 120 claims held directly by Kinetic Gold (US) Inc. and is subject to a 1-per-cent net smelter returns royalty to Altius Royalty Corp.

Ronald Parratt, chief executive officer and executive chairman, states: "This new agreement for a Kinetic Gold property with a company such as Ramelius validates the earlier belief held by RenGold that the Kinetic portfolio would be of great value in the improving gold market. We're optimistic that the portfolio will continue to attract other partners."

Robert Felder, president, states, "We are very pleased to bring in such a strong partner as Ramelius to explore our Jupiter project and look forward to collaborating with the Ramelius team going forward."

Qualified person

All technical data disclosed in this press release has been verified by RenGold's qualified person, Robert Felder, MSc, and certified professional geologist as recognized by the American Institute of Professional Geologists (AIPG)

About Renaissance Gold Inc.

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance Gold's objective is to place the projects in exploration earn-in agreements with industry partners which provide exploration financing. Renaissance Gold applies the extensive exploration experience and technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2481849&symbol=REN®ion=C

Kostolanys Erbe schrieb am 30.05.2017, 23:22 Uhr[/url]"]

Renaissance Gold issues 6.83 million shares for Kinetic



2017-05-29 17:54 ET - News Release



Mr. Ronald Parratt reports

RENAISSANCE GOLD ACQUIRES 100% OF KINETIC GOLD CORP.

As announced on May 11, 2017, the nine selling shareholders of Kinetic Gold Corp. have been issued an aggregate of 6,832,933 common shares of Renaissance Gold Inc. in exchange for 100 per cent of the issued shares of Kinetic. All securities issued are subject to a hold period in Canada expiring on Sept. 30, 2017.

Robert P. Felder was appointed to the board and as president of Renaissance Gold, and Gregory T. Hill was appointed principal geologist. Ronald L. Parratt became executive chairman and remains as the chief executive officer.

The acquisition of Kinetic is coming at a time when Renaissance Gold has a healthy treasury, having closed two private placements with Kinross Gold Corp. (May 15, 2017) and Coeur Mining Inc. (May 18, 2017), adding a total of $1,615,000 to the cash treasury for general corporate purposes. The company also signed an earn-in agreement with Kinross on three Renaissance Gold projects, including financing of $500,000 (U.S.) in exploration expenditures in the first year and an exploration alliance agreement with Coeur that finances $250,000 (U.S.) in generative exploration in the first year.

Mr. Parratt stated: "The acquisition of Kinetic accelerates the growth of our Nevada exploration project portfolio with the addition of 10 high-quality exploration projects at a time when demand for new exploration opportunities is growing. Although the past many years have been challenging, Bob Felder and Greg Hill have acquired an excellent portfolio of exploration properties in Kinetic primarily by staking in a period with less industry competition. We welcome them both to the RenGold team and know that their substantial exploration experience in Nevada and technical skills will be of great benefit to ongoing activities within RenGold."

Mr. Felder stated: "I am quite pleased to be taking on the role of president of RenGold and very much look forward to working with Ron and the team. We are immediately hitting the road to present our combined company to the investor community and to potential future partners and aim to continue our current momentum by bringing in additional partners to explore our property portfolio. Activity levels in this regard have been quite high for the past several months, and we remain confident that we can continue to successfully execute our business, get our targets drilled and increase the chances of achieving our ultimate goal -- which is making discoveries."

About Renaissance Gold Inc.

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance Gold's objective is to place the projects in exploration earn-in agreements with industry partners, which provide exploration financing. Renaissance Gold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2475357&symbol=REN®ion=C



Renaissance Gold one-million-share private placement



2017-05-30 16:51 ET - Private Placement



The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on May 23, 2017.


Number of shares: one million shares

Purchase price: 35 cents per share

Number of placees: one placee

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2476240&symbol=REN®ion=C

Kostolanys Erbe schrieb am 26.05.2017, 23:17 Uhr[/url]"]
Renaissance Gold closes $350,000 financing with Coeur



2017-05-26 11:45 ET - News Release



Mr. Ronald Parratt reports

RENAISSANCE GOLD AND COEUR MINING CLOSE PRIVATE PLACEMENT

As announced on May 23, 2017, Coeur Mining Inc. has been issued one million common shares of Renaissance Gold Inc. at a purchase price of 35 cents per share for gross proceeds of $350,000. The proceeds from the private placement will be used by Renaissance Gold for general corporate purposes. All securities issued are subject to a hold period in Canada expiring on Sept. 27, 2017. Renaissance Gold had 40,687,910 shares outstanding before the private placement closed and will have 41,687,910 shares outstanding after the private placement closes.

Ronald Parratt, president and chief executive officer, states, "We are pleased with the confidence placed in Renaissance by Coeur, and it is a pleasure to add a company such as Coeur to our shareholder list."

About Renaissance Gold Inc.

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Renaissance Gold's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration financing. Renaissance Gold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2474585&symbol=REN®ion=C





Renaissance Gold to explore Nevada, Utah with Coeur



2017-05-23 09:10 ET - News Release



Ms. Courtney Lynn reports

RENAISSANCE GOLD AND COEUR MINING EXECUTE DEFINITIVE EXPLORATION ALLIANCE AGREEMENT AND PLAN TO COMPLETE A PRIVATE PLACEMENT IN RENAISSANCE SHARES

Renaissance Gold Inc.'s subsidiary has signed a definitive agreement with Coeur Exploration Inc., a subsidiary of Coeur Mining Inc., for the generative exploration program as announced on Feb. 9, 2017. Under this agreement, Coeur Explorations will finance $250,000 (U.S.) per year in generative exploration expenses for a minimum of two years, during which the parties will identify and explore potential precious metals mining opportunities on lands in the states of Nevada and Utah within defined areas of interest. The agreement may be extended on an annual basis after the initial two-year term by the written agreement of the parties.

RenGold will use this financing to identify and stake properties that will then be presented to Coeur Explorations, which will then have 50 calendar days to elect to enter into an exploration earn-in agreement on a form that has been agreed to by the parties. If Coeur Explorations elects to accept the opportunity to earn into the property, RenGold will receive a one-time payment of $50,000 (U.S.) on signing and Coeur Explorations would be required to spend $3-million (U.S.) within three years to earn into an undivided 70-per-cent interest in the property. Additional payments from Coeur Explorations to RenGold would be triggered upon completion of a bankable feasibility study and upon achieving commercial production.

If Coeur Explorations does not elect to exercise its earn-in option regarding a property, the property will remain a 100-per-cent-owned property of the company.

Coeur Mining intends to subscribe for one million common shares in the capital of RenGold for gross proceeds of $350,000 or 35 cents per share. The private placement and any modification to it are subject to compliance with applicable securities laws and to receipt of regulatory approval. The proceeds from the private placement will be used by RenGold for general corporate purposes.

Commenting on the agreement, Ronald Parratt, president and chief executive officer, stated: "This is a great opportunity for RenGold to leverage its extensive database and experience in specific areas of interest to both parties. This agreement will help accelerate discovery for both Coeur and RenGold by having an industry partner poised to take on properties in the specific areas covered by the definitive agreement. We are very pleased Coeur is investing in the company."

About Renaissance Gold Inc.

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. RenGold's objective is to place the projects in exploration earn-in agreements with industry partners which provide exploration financing. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2473221&symbol=REN®ion=C







Renaissance Gold optionee Coeur pulls out from Arabia



2017-05-19 07:35 ET - News Release



Mr. Ronald Parratt reports

RENAISSANCE GOLD ANNOUNCES ARABIA EARN-IN TERMINATED

Coeur Mining Inc. has advised Renaissance Gold Inc. that it is withdrawing from the exploration and earn-in agreement dated Feb. 24, 2016, concerning the Arabia exploration property located in Pershing county, Nevada. Assay results from the recently concluded reverse circulation drilling program failed to meet its minimum investment criteria to continue.

The Arabia property comprises 59 unpatented mining claims, 12 patented mining claims (seven of which are owned by the company) and 299 acres of leased fee land all totalling in excess of 1,700 acres (688 hectares). Fieldwork completed during the past two years leading to the recent drill program included projectwide geologic mapping, rock and soil sampling, and gravity and magnetic geophysical surveys. Reverse circulation drilling conducted at Arabia from March 7, 2017, to March 27, 2017, with a total of 7,380 feet (2,250 metres) of drilling completed in eight drill holes. Several exploration targets were tested including those beneath the historic Electric and Montezuma mine workings exploring for extensions of mesothermal quartz veins and stockworks. These and other exploration targets were confirmed but were found to contain lower-than-expected values. Precious metal values reported from the drilling for five-foot (1.5 m) drilled intervals ranged from less than 0.005 gram/tonne to 0.574 gram/tonne gold and from less than 0.1 gram per tonne to 36.7 grams/tonne silver. Other anomalous metals in the drilling included copper (four to 598 parts per million), lead (three to 5,319 ppm), zinc (15 to 2,563 ppm) and antimony (two to 1,251 ppm). The best multisample drill interval contained 15.08 grams/tonne silver over 25 feet (7.62 m) using a 10-gram-per-tonne cut-off grade from zero to 25 feet (zero to 7.62 m) in drill hole AR-17-07. The company is continuing to evaluate the results of the exploration program to determine plans for further activity.

Qualified person

All technical data disclosed in this press release have been verified by the company's qualified person, Daniel W. Pace, registered member of the Society for Mining, Metallurgy and Exploration (SME). All samples were analyzed at Bureau Veritas of Reno, Nev. Samples were analyzed by fire assay for gold and four-acid digestions for multielement geochemistry. Standards and blanks were submitted into the sample chain to make up approximately 5 per cent of the overall sample volume.

About Renaissance Gold Inc.

Renaissance Gold is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. The company's objective is to place the projects in exploration earn-in agreements with industry partners who provide exploration financing.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aREN-2472825&symbol=REN®ion=C

Kostolanys Erbe schrieb am 16.05.2017, 00:00 Uhr[/url]"]Strong WL REN !

Das Management von REN (Mr. Parratt und Mr. Bedell ) waren damals die Gründer von AuEX Ventures, welches von Fronteer Gold übernommen wurde.

REN ist ein spin-off von AuEX Ventures.

REN hat namhafte JV-Partner an Bord! Ren lässt sozusagen die grossen mit einsteigen und läßt die Großen bohren....das spart Geld...


Neben Kinross ist Barrick, Newmont, Agnico Eagle und Altius Minerals mit an Bord!!!


Homepage:

http://www.rengold.com/s/Home.asp

Letzte Präsentation:

http://www.rengold.com/i/pdf/2017-03-22-CP.pdf




Renaissance Gold, Kinross sign option, investment deals



2017-05-15 17:40 ET - News Release



Mr. Ronald Parratt reports

RENAISSANCE GOLD AND KINROSS GOLD EXECUTE EARN-IN AGREEMENT TO FUND THREE PROJECTS IN NEVADA AND KINROSS TO ACQUIRE 8.07% OF RENAISSANCE

Renaissance Gold Inc. has signed definitive agreements with Kinross Gold USA Inc. granting Kinross USA the option to acquire a 70-per-cent interest in the Spruce East, Diamond Point and Buffalo Canyon exploration projects located in Nevada within 10 years. The Spruce East and Diamond Point projects in Elko County were recently acquired by RenGold (see press release NR2017-1, January 11, 2017) and Buffalo Canyon in Nye County is drill permit ready. Each project will be subject to a separate exploration earn-in agreement. Upon signing the definitive agreement Kinross USA will advance RenGold US$500,000 to carry out and conduct exploration for the first agreement year among the three projects as directed by Kinross USA. Subsequent years will have increasing minimum expenditures for each project of US$200,000, then US$300,000 and finally US$500,000 per year through year 10 totaling US$4,000,000 to vest an undivided 70% interest in each project. Kinross USA may accelerate vesting by spending US$5,000,000 before the end of the seventh year. In addition, RenGold will grant to Kinross USA, for a period of not more than three years, a right of first refusal (ROFR) to acquire new projects developed by RenGold under arms-length terms in a defined area of Nevada. The ROFR can be used a maximum of three times within the three years of the agreement.

In addition, Kinross Gold Corporation ("Kinross Gold") has been issued 3,833,333 common shares at a purchase price of C$0.33 per share for gross proceeds of C$1,265,000 (the "Private Placement"). The proceeds from the Private Placement will be used by RenGold for general corporate purposes. Kinross Gold will have certain rights to participate in future financings to maintain their interest. All securities issued are subject to a hold period in Canada expiring on September 16, 2017. RenGold had 36,854,577 shares outstanding before the Private Placement closed and will have 47,520,843 shares outstanding after the Private Placement closes, and after closing the acquisition of Kinetic Gold Corp., announced on May 11, 2017.

Fieldwork has already started at Spruce East with 262 new soil and 14 new rock chip samples submitted for analysis and field work is ongoing. Drilling is planned for mid-July. At Diamond Point a notice of intent has been filed at the BLM for 23 drill sites with approval expected later in May. A drill permit has been obtained at Buffalo Canyon and drilling is scheduled to start in early early October.

Ronald Parratt, President & CEO states "Execution of these agreements provides an excellent opportunity to accelerate the exploration of three properties in the RenGold portfolio. The extra funding into the corporation will allow us to continue an aggressive exploration program in specific areas with a partner anxious to pick up projects. We are pleased with the confidence placed in Renaissance by Kinross and it is a pleasure to add a company such as Kinross to our shareholder list."


https://www.stockwatch.com/News/Item.aspx?bid=Z-C:REN-2471598&symbol=REN®ion=C

 

[Kostolanys Erbe]

Freehold earns $13.08-million in Q2



2017-08-09 18:35 ET - News Release



Mr. Tom Mullane reports

FREEHOLD ACHIEVES RECORD ROYALTY PRODUCTION, INCREASES GUIDANCE

Freehold Royalties Ltd. has released second quarter results for the period ended June 30, 2017.

RESULTS AT A GLANCE

Three months ended Six months ended
June 30 June 30
2017 2016 2017 2016
Financial ($000s, except as noted)
Royalty and other revenue $38,430 $32,219 $79,521 $57,152
Net income (loss) 13,084 (2,249) 20,172 (10,839)
Per share, basic and diluted ($) 0.11 (0.02) 0.17 (0.11)
Funds from operations 31,769 24,142 63,838 39,642
Per share, basic ($) 0.27 0.23 0.54 0.39
Operating income (1) 35,235 28,011 72,319 48,303
Operating income from royalties (%) 97 91 94 94
Acquisitions 1,267 162,211 34,619 162,430
Capital expenditures 1,139 753 1,851 2,837
Working interest dispositions 28,808 - 29,096 -
Dividends declared 17,705 13,380 33,043 31,225
Per share ($) (2) 0.15 0.12 0.28 0.30
Net debt 49,819 98,191 49,819 98,191

Operating
Average daily production (boe/d) (3) 12,589 12,041 12,670 12,006
Oil and NGL (%) 54 59 55 61
Average price realizations ($/boe) (3) 32.98 28.48 33.93 25.37
Operating netback ($/boe) (1) (3) 30.76 25.57 31.54 22.11

(1) A non-generally accepted accounting principle financial measure.
(2) Based on the number of shares issued and outstanding at each record date.
(3) Based on the conversion of natural gas to barrels of oil equivalent.



President's message

Freehold achieved record royalty production and solid cash flow results in second quarter 2017, marking the fourth consecutive quarter of increasing royalty production on a per-share basis. We are revising our 2017 production guidance up 500 barrels of oil equivalent per day to 11,800 to 12,300 boe per day with better-than-expected audit recoveries and operating results. At current dividend levels, we are forecasting an adjusted payout ratio for 2017 of 61 per cent, safely within our target adjusted payout range of 60 per cent to 80 per cent. Not only are we growing royalty production on a per-share basis, we exited the quarter with lower debt resulting in net debt to 12-month trailing funds from operations of 0.4 time (net debt of $50-million). In second quarter 2017, Freehold issued 12 new lease agreements for a cumulative total of 37 new leases in the first half of 2017, exceeding the entire 2016 new lease count as we deliver continued organic growth. Our quarter was in line with Freehold's objective to deliver growth and low-risk attractive returns to shareholders over the long term.

Tom Mullane

President and chief executive officer

Dividend announcement

The board of directors has declared a dividend of five cents per share to be paid on Sept. 15, 2017, to shareholders of record on Aug. 31, 2017. The dividend is designated as an eligible dividend for Canadian income tax purposes.

Guidance update

The attached guidance update table summarizes the company's key operating assumptions for 2017.

The company is increasing its 2017 production range to 11,800 to 12,300 boe per day (previously 11,300 to 11,800 boe per day), as a result of higher-than-expected results through the first half of the year, mostly due to drilling activity and prior-period adjustments. The company does not include the effects of future acquisition activity in its forecasts. Also, minimal prior-period adjustments are in its forecast as the company does not record the effects of audit and compliance activities until revenue collection is certain.

Volumes are expected to be weighted approximately 55 per cent oil and natural gas liquids (NGL) and 45 per cent natural gas.

The company continues to improve its royalty focus with royalty production accounting for 88 per cent of forecasted 2017 production (up from 87 per cent) and 95 per cent of operating income (up from 94 per cent).

The company is reducing its West Texas Intermediate price assumption to $50 (U.S.) per barrel (previously $52 (U.S.) per bbl). Western Canadian Select remains unchanged due to positive effects of the declining light/heavy oil differentials. Its AECO natural gas price assumption remains at $2.60 per thousand cubic feet.

The Canadian-dollar/U.S.-dollar exchange rate has been adjusted upward to 77 cents from 76 cents as a result of recent Canadian-dollar appreciation and market expectations for the rest of the year.

Its operating costs forecast is revised downward to $2.40 per boe (from $2.50 per boe) and general and administrative costs to $2.50 per boe (from $2.60 per boe) as a result of the company's increased royalty production.

Based on its current five-cent monthly dividend level, the company expects its 2017 adjusted payout ratio ((cash dividends plus capital expenditures)/funds from operations) to be approximately 61 per cent.

The company continues to forecast year-end net debt to funds from operations of approximately 0.3 time based on its revised key operating assumptions.

KEY OPERATING ASSUMPTIONS
Guidance dated
2017 annual average Aug. 9, 2017 May 10, 2017 March 2, 2017 Nov. 8, 2016

Daily production boe/d 11,800-12,300 11,300-11,800 11,300-11,800 11,000
West Texas Intermediate crude oil U.S.$/bbl $50.00 $52.00 $52.00 $50.00
Western Canadian Select crude oil Cdn$/bbl 49.00 49.00 49.00 46.00
AECO natural gas Cdn$/Mcf 2.60 2.60 2.60 3.00
Exchange rate Cdn$/U.S.$ 0.77 0.76 0.76 0.75
Operating costs $/boe 2.40 2.50 3.25 3.25
General and administrative costs (1) $/boe 2.50 2.60 2.60 2.65
Capital expenditures $ millions 4 4 6 6

(1) Excludes share-based compensation.



Recognizing the cyclical nature of the oil and gas industry, the company continues to closely monitor commodity prices and industry trends for signs of deteriorating market conditions. It cautions that it is inherently difficult to predict activity levels on its royalty lands since it has no operational control. As well, significant changes (positive or negative) in commodity prices (including Canadian oil price differentials), foreign exchange rates or production rates may result in adjustments to the dividend rate.

Based on the company's current guidance and commodity price assumptions, and assuming no significant changes in the current business environment, the company expects to maintain the current monthly dividend rate through the next quarter. It will continue to evaluate the commodity price environment and adjust the dividend levels as necessary (subject to the quarterly review and approval of its board of directors).

Conference call details

A conference call to discuss financial and operational result for the period ended June 30, 2017, will be held for the investment community on Aug. 10, 2017, beginning at 6 a.m. MT (8 a.m. ET). To participate in the conference call, approximately 10 minutes prior to the conference call, please dial 1-800-273-9672 (toll-free in North America).

Availability on SEDAR

Freehold's second quarter 2017 interim unaudited condensed consolidated financial statements and accompanying management's discussion and analysis are being filed today with Canadian securities regulators and will be available at SEDAR and on the company's website.


https://peketec.de/trading/fru---freehold-royalties-ltd-t10094desc.html

 

[Kostolanys Erbe]

Aldridge Minerals talks land acquisition in Q2 report



2017-08-10 09:28 ET - News Release



Mr. Han Ilhan reports

ALDRIDGE REPORTS Q2 2017 FINANCIAL RESULTS AND PROVIDES A CORPORATE UPDATE

Aldridge Minerals Inc. has filed its unaudited consolidated interim financial statements as at and for the three and six months ending June 30, 2017, and the management's discussion and analysis related thereto (MD&A), which are available on SEDAR and on the company's website. All financial figures, unless otherwise indicated, are reported in U.S. dollars.

Highlights

Financing

On June 20, 2017, the company announced it had closed its non-brokered $5-million private placement, which was previously announced on May 29, 2017. Pursuant to the private placement, the company issued 33,333,333 common shares of the company at 15 cents per common share for aggregate gross proceeds of $5-million to Ahmet Tacyildiz, the chairman and controlling shareholder of ANT Holding Anonim Sti and a director of the company.
Aldridge intends to use the net proceeds of the private placement to finance the completion of the Yenipazar project land acquisition process, progress project development and for general corporate purposes.


Land acquisition

As at June 30, 2017, and Aug. 9, 2017, the company had acquired title to or had the right to access approximately 91.9 per cent and 93.1 per cent, respectively, of the Yenipazar project area, including partially owned land parcels.
The company's land acquisition process is focused on the continuing state-led compulsory sale process and court hearings, which are proceeding as anticipated.
The court has recently issued its final price decision on land representing an additional 4.6 per cent. Following the routine conversion of these parcels to treasury land, Aldridge will have acquired title to or have the right to access approximately 97.7 per cent of the Yenipazar project area.
The company expects that the land acquisition will be completed in 2017 within the company's current capital expenditure budget for land.


Strategy and outlook

The company's focus is on supporting the state-led compulsory sale process in order to complete the land acquisition process in 2017 and on the evaluation of project financing and strategic transaction alternatives required to maximize value for Aldridge shareholders.

Selected financial information

The attached table provides selected consolidated financial information that should be read in conjunction with the Q2 financials.

Six months ended Six months ended Year ended
June 30, 2017 June 30, 2016 Dec. 31, 2016
(Loss) before income tax and
discontinued operations $ (1,190,248) $ (1,688,792) $ (4,418,102)
Net (loss) (1,190,248) (1,688,792) (4,418,102)
Net (loss) per share (0.01) (0.02) (0.04)
Cash and cash equivalents 4,999,772 3,607,954 4,289,055
Working capital 4,311,164 (15,670,335) 4,132,470
Total assets 58,101,013 30,711,251 51,138,630
Total non-current liabilities 45,528,657 174,892 42,577,599



https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aAGM-2493842&symbol=AGM&region=C

 

[dukezero]

CXO open sky chance

 

[Ollinho]

Pretivm Reports Second Quarter Results; Gold Sales Have Commenced

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 10, 2017) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report highlights from the second quarter of 2017 and commissioning updates for its high-grade gold Brucejack Mine. During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles, development muck and, in July, the addition of stope ore. Gold sales have commenced.

Significant Events

-- On June 20, 2017, we announced that the first gold was poured at the
Brucejack Mine and that the flotation and gravity circuits were
operational.

-- During commissioning, 8,510 ounces of gold were produced in June from
low-grade stockpiles and development muck.

-- Working capital at June 30, 2017 was a deficit of US$12.9 million, which
includes liabilities of US$12.4 million that are not expected to result
in cash outflows during our short-term working capital deficit. We expect
as gold production ramps up this deficit will reverse. (Refer to the
"Working Capital" section below).

-- Subsequent to the end of the quarter, on July 3, 2017, we announced that
commercial production was achieved at the Brucejack Mine under the terms
of the credit agreement among Pretivm and its lenders. During the month
of June, the process plant at Brucejack processed 70,805 tonnes of ore
for an average of 2,360 tonnes per day.

-- Subsequent to the end of the quarter, in July during grade ramp-up,
16,882 ounces of gold were produced from stockpiles, development muck and
the introduction of stope ore.

-- On August 1, 2017, the Completion Date was reached at the Brucejack Mine
under the terms of the credit agreement among Pretivm and its lenders.
During the month of July the process plant processed 83,667 tonnes of ore
for an average rate of 2,699 tonnes per day.

...

>>> http://www.pretivm.com/news/news-details/2017/Pretivm-Reports-Second-Quarter-Results-Gold-Sales-Have-Commenced/default.aspx

 

[Ollinho]

Red Eagle Mining Closes $30 Million Rights Offering

VANCOUVER, Aug. 11, 2017 /PRNewswire/ - Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) is pleased to announce it has closed its previously announced rights offering and has issued 85,594,689 units for gross proceeds of C $29,958,141. Both shares and warrants issued in the offering will begin trading on or about August 16, 2017.

About Red Eagle Mining

Red Eagle Mining is a gold producer focused on building shareholder value through acquiring, developing and operating gold projects in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where the San Ramon Gold Mine has commenced production. Red Eagle Mining also controls Red Eagle Exploration Limited which owns 100% of the Vetas Gold, California Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.

>>> http://www.redeaglemining.com/news/details/index.php?content_id=367

 

[Ollinho]

Eric Sprott says purchased 600,000 common shares of Kirkland Lake Gold

Aug 11 (Reuters) - Kirkland Lake Gold Ltd <KL.TO>
* Eric Sprott says purchased 600,000 common shares of
Kirkland Lake Gold Ltd
* Eric Sprott - Prior to purchase, Sprott directly,
indirectly controlled 20.9 million shares representing about
9.9% of outstanding shares of Kirkland Lake

 

[Sltrader]

LOT.V gestern erste zu 0,075 reingelegt

BRIEF-TomaGold announces strategic investment of $2.5 mln by Iamgold

Aug 10 (Reuters) - TomaGold Corp <LOT.V>
* TomaGold announces strategic investment of $2.5 million by
Iamgold
* TomaGold Corp - Iamgold agreed to subscribe by way of
private placement 27.8 million common shares of TomaGold at a
price of $0.09 per common share
* TomaGold Corp - Transaction closing, Iamgold will own
about 19.98% of issued and outstanding common shares of TomaGold
on a non-diluted basis
* TomaGold Corp - Proceeds from $2.5 million private
placement will be primarily used for exploration on TomaGold's
properties

Source text for Eikon: [ID:nMKWmrkFda]
Further company coverage: [LOT.V]

 

[Kostolanys Erbe]

Valeura loses $526,000 in Q2



2017-08-10 18:28 ET - News Release



Mr. Jim McFarland reports

VALEURA ANNOUNCES SECOND QUARTER 2017 FINANCIAL AND OPERATING RESULTS

Valeura Energy Inc. has released highlights of its unaudited financial and operating results for the three- and six-month periods ended June 30, 2017, and has provided an update on subsequent developments. The complete quarterly reporting package for the Corporation, including the unaudited financial statements and associated management's discussion and analysis ("MD&A"), has been filed on SEDAR at www.sedar.com and posted on the Corporation's website at www.valeuraenergy.com.

"We are very excited about the drilling results at the Yamalik-1 deep exploration well, which have exceeded our expectations in terms of the extent of over-pressure, gas saturations and net pay, based on the drilling and wireline log analysis," said Jim McFarland, President and Chief Executive Officer. "We are working diligently with Statoil to design a fulsome completion, multi-stage fracing and testing program and to begin execution by early Q4 2017. In the meantime, the new 500 square kilometre 3D seismic program funded by Statoil is progressing well with target completion of the recording phase by early in Q4 2017. Discussions are also underway with Statoil on the program for 2018. Under the Banarli farm-in agreement (the "Banarli Farm-in"), Statoil Banarli Turkey B.V. ("Statoil") must drill, complete and test a second deep exploration well to earn 50% in the deep rights, with Valeura retaining 50%.

"The planned seven well shallow gas drilling program in 2017 is nearing completion with five wells drilled to date, all of which have been cased. While production additions in aggregate from these new wells are below expectations, two of the wells were commitment wells which are expected to hold the shallow and deep rights on the West Thrace lands. Our extensive workover program in 2017 has delivered strong results and has been decisive in mitigating natural declines. We plan to pause the shallow gas drilling program after the sixth planned well, Karaevli-6, in order to assess drilling results and well performance to date, refresh the prospect portfolio and seek required government approvals for any new locations. This pause also provides us with financial flexibility in the event the pace of the deep program with Statoil is accelerated in 2018, based on the positive deep drilling results to date," adds McFarland.

Q2 2017 RESULTS AND SUBSEQUENT DEVELOPMENTS AT A GLANCE

Yamalik-1 deep exploration well drilled with positive evaluation results
Net sales 934 boe/d - Funds flow from operations $1.0 million
Working capital surplus $8.6 million
Natural gas price realization $7.34/Mcf
Operating netback $22.38/boe
Exploration & development capital expenditures $4.0 million


TRANSACTIONAL HIGHLIGHTS

An affiliate of Valeura closed the sale of an additional 10% participating interest in the deep rights on the West Thrace lands in the Thrace Basin of Turkey to Statoil on June 22, 2017 for US$3 million ($4.0 million) (the "Subsequent West Thrace Deep Rights Sale"), following receipt of Turkish government approvals.

OPERATIONAL HIGHLIGHTS

Net petroleum and natural gas sales in Turkey in Q2 2017 averaged 934 barrels of oil equivalent per day ("boe/d"), which was up 16% from Q1 2017 reflecting the acquisition of Thrace Basin Natural Gas (Turkiye) Corporation ("TBNG"), which closed on February 24, 2017 (the "TBNG Acquisition"). Net sales were unchanged from Q2 2016, with additions from the TBNG Acquisition, well workovers and one new drill being offset by natural declines. Net sales in Q2 2017 included 5.6 million cubic feet per day ("MMcf/d") of natural gas, representing more than 99% of net petroleum and natural gas sales.

Current net sales are approximately 1,100 boe/d reflecting additions from workovers and new drills, partially offset by natural declines.

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

https://peketec.de/trading/vle----valeura-energy-inc-t10093desc.html