Rohstoffthread / CCG-Hauptthread

[Kostolanys Erbe]

Scheint wohl jemand unbedingt raus zu wollen...

 

[Kostolanys Erbe]

Int'l Lithium to complete pumping test well at Mariana



2017-08-28 09:52 ET - News Release



Mr. Kirill Klip reports

INTERNATIONAL LITHIUM UPDATE ON MARIANA LITHIUM BRINE PROJECT, ARGENTINA

International Lithium Corp., with joint venture partner Ganfeng Lithium Co. Ltd. (GFL), has provided an update for the Mariana lithium brine project located in Salta, Argentina.

Mariana lithium joint venture update

Further to the company's news release dated April 10, 2017, announcing a maiden resource estimate for the Mariana lithium brine project, the following activities have been continuing at the project site as the project advances toward the commencement of preliminary economic and prefeasibility studies.

On April 25, 2017, the company was informed by manager of the Mariana joint venture that three large evaporation ponds measuring 14 metres by 14 metres have been constructed at site and filled to a depth of 30 centimetres with raw brine from Salar de Llullaillaco to conduct large-scale evaporation tests and begin the development of a natural evaporation concentration process for the brine. Two smaller ponds that are to be used for the later stages of the brine concentration were also constructed at the site. A field laboratory and liming plant are currently under construction, with the field laboratory expected to be completed by the end of August or early September and the liming plant targeted for mid-September.

A series of snowstorms in the property region in late May and early June, 2017, seriously impacted access to the site and throughout the district. Access to the camp facilities was limited to four-by-four pickup trucks during this period. Large-truck access was restored to the site by July 17, 2017.

Natural evaporation concentration field tests continued through June and July, with recorded evaporation rates reported to be low due to the cooler temperatures and the introduction of fresh water into the ponds by snowfall events.

Environmental impact studies were completed in the period, and a draft report is expected by the end of August.

Coming work consists of geophysical surveys, including electromagnetic surveys, to highlight possible freshwater sources and a second phase of gravity surveying to provide a more complete map of the depth of the basin.

Pumping test well MA17-20PW was drilled to an approximate depth of 232 metres before being placed on hiatus in May due to the winter storms. It will now be completed to its final depth of 256 metres. Pump test results will be reported as they become available.

Community relations continue to form an integral part of the site work. Additionally, International Lithium is informed that the vetting process for the first feasibility study to be conducted on the project is nearing completion, with the goal to begin preliminary economic studies later this year.

Afzaal Pirzada, geological consultant of the company and a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

Other news

The company also announces that directors Xiaoshen Wang and David Shen have resigned from the board of directors.

"I would like to thank Xiaoshen and David for their positive contributions to International Lithium. We are pleased to have completed a maiden resource estimate that includes both an indicated and inferred resource estimate, published in a technical report and available at SEDAR. As we no longer have a potential conflict of interest, we are looking forward to working with Xiaoshen and David and building our JV operations with Ganfeng on an arm's-length basis and in the most efficient way for the benefit of both companies," stated Kirill Klip, executive chairman of International Lithium.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aILC-2499050&symbol=ILC&region=C

 

[Kostolanys Erbe]

Trek Mining has cash of $68.7-million on June 30



2017-08-28 18:03 ET - News Release



Mr. Christian Milau reports

TREK MINING RELEASES SECOND QUARTER RESULTS

Trek Mining Inc.'s financial results for the second quarter ended June 30, 2017, and the accompanying management's discussion and analysis are available for download on the company's website and on SEDAR. All dollar amounts are in U.S. dollars.

Quarterly highlights and recent developments

Completed a feasibility study for the Aurizona Gold Mine ("Aurizona") in Brazil, supporting the viability of constructing an open-pit gold mine with a net present value ("NPV5%") of $197 million and an internal rate of return ("IRR") of 34% based on a gold price of $1,250 per ounce
Awarded the EPCM contract for development of Aurizona to Ausenco Engineering Canada Inc.
Confirmed with exploration drilling that gold mineralization at Aurizona's principal ore deposit extends at least 350 metres to the west along strike and also at depth below the existing reserve pit
Continued ramp-up of the Koricancha Mill in Peru with Q2-2017 sales of 2,545 ounces of gold On July 31, 2017, the Company released the results of a feasibility study for Aurizona, which is based on a new mine plan and mineral reserve estimate and outlines the design of an open-pit gold mine producing an average of 136,000 ounces of gold per year, with an initial 6.5-year mine life and an NPV5% of $197 million and IRR of 34% based on a gold price of $1,250 per ounce ($254 million and 42% at $1,350 per ounce gold price, respectively).


The Company is working to arrange project construction financing and has commenced early works activities in preparation for full-scale construction in the second half of 2017, with the objective of pouring gold at Aurizona by year-end 2018. Concurrent with development, exploration is underway at Aurizona with the objective of identifying additional gold mineralization that can extend the mine life. Results from 6,839 metres drilled at Piaba West have successfully demonstrated that significant gold mineralization continues below and up to 350 metres along strike of the Piaba gold deposit reserve pit. The Company expects to complete 30,000 metres of drilling in 2017 focused on near-mine targets and targets located along strike from existing reserves. Gradual production ramp-up at the Koricancha Mill continues, with 2,545 ounces of gold sold in Q2-2017. The Company is implementing a number of strategies to expand its customer base and bring additional mineralized feed to the mill, including the recent commissioning of a feed-receiving depot in northern Peru.

At June 30, 2017, the Company had $74.2 million in cash and marketable securities, comprising $68.7 million in cash and cash equivalents and $5.5 million in available-for-sale investments, and no cash debt, with a working capital balance of $66.0 million.

About Trek Mining Inc.

Trek Mining is a Canadian mining company with a portfolio of production, near-production and exploration-stage projects in North and South America. The Company is producing gold from its Koricancha Mill, a custom-built gold and silver ore processing facility in Peru, and expects to commence construction in the second half of 2017 at its past-producing Aurizona Gold Mine in Brazil with the objective of pouring gold at Aurizona by the end of 2018. Trek Mining's exploration properties include both near-mine and district exploration opportunities at Aurizona; the Warintza porphyry copper-molybdenum exploration project in Southeastern Ecuador; the Ricardo porphyry copper-molybdenum exploration project in Chile; and Elk Gold, a past-producing high-grade gold mine in British Columbia, Canada.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTREK-2499448&symbol=TREK&region=C

 

[greenhorn]

Guten Morgen!

 

[The Bull]

Guten Morgen!!!

BBI lebt wieder

auf gehts weiter weiter weiter


Sollten da demnächst wieder gute news kommen sehe ich BBI ende des jahres schon wieder mindestens bei den alten Höhen

 

[greenhorn]

RBX - Robex Gold, haben sich in Abwesenheit weiter entwickelt. bin auf die Finanzzahlen zum Q2 gespannt. Der Handel in Canada hat sich auch etwas belebt

greenhorn schrieb am 27.07.2017, 09:26 Uhr[/url]"]RBX - Robex Gold

Anhaltspunkt mal die Q1 Zahlen herangezogen
280 kg entsrechen ca. 8500 Unzen Gold
bei der Kostenstruktur und einem angenommenen VK-Preis von 1200 USD/Unze
würde ein möglicher Net Q2-Ertrag von 4,5 Mio USD zu Buche stehen (mit All-In-Kosten ca. 2,6 Mio)
aktuelle MK bei 52 Mio CAD....gutes Ergebnis
wenn Q3+4 ähnlich laufen, verdient RBX in 2017 um die 16 Mio$, die Schulden betragen im Moment noch knapp 18 Mio$ Stand 30.03.2017

nächsten Schritte sollten sein:
Schuldenabau
Reduzierung der Aktienanzahl

"..Highlights for the first quarter of 2017

Start of commercial production at the Nampala mine on January 1, 2017
Gold production of 7,771 ounces of gold while 458 ounces were produced for the same period of 2016
Gold sales totaled $12.4 million compared to $774,000 for the same period in 2016
Total cash cost1 of $665 per ounce sold and all-inclusive sustaining cost1 of $891 per ounce sold
Basic and diluted earnings per share attributable to shareholders of $3.82 million, or $0.007 per share, compared to a net loss of $8.34 million or $ -0.014 per share for the same period of 2016
Cash flows from operating activities2 of $5.1 million, or $0.009 per share1 compared to negative cash flows of $840,000 or -$0.001 per share1 for the same period of 2016
Decrease in long-term debt by $1.52 million
Progress on the establishment of an exploration program on the Mininko permit (Nampala)...."

greenhorn schrieb am 17.07.2017, 15:10 Uhr[/url]"]July 17, 2017 09:00 ET
ROBEX RESOURCES: Gold sales have gone up by 19% in the second quarter compared to the first quarter of 2017
http://www.marketwired.com/press-re...irst-quarter-2017-tsx-venture-rbx-2226340.htm

QUEBEC, QUEBEC--(Marketwired - July 17, 2017) - Robex Resources Inc. ("Robex" and/or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that they have sold 280 kg of Gold in the second quarter of 2017 compared to sales of 235 kg in the first quarter of 2017. Sales in the second quarter represent an average of more than 93 kg per month.

Amendment of the Company's Stock Option Plan and Grant of Options

The Company amends its Stock Option Plan (the "Plan") to increase the number of the Company's common shares reserved for issuance under the Plan, previously set at 10,000,000 to 34,770,600 representing 6% of Robex's issued and outstanding common shares as of today's date. This increase in the number of options is the only change proposed to the Plan.

As a result of this amendment, the Board of Directors granted a total of 12,350,000 stock options at an exercise price of $ 0.09 to directors, management, employees and suppliers under the Plan. Upon grant, the options are subject to a four month holding period before they can be exercised and are subsequently exercisable at 100%; they will expire five years after the grant.

greenhorn schrieb am 14.07.2017, 15:07 Uhr[/url]"]July 14, 2017 09:00 ET
Robex Resources: 16,525 Drilling Meters Planned in the Year 2017
http://www.marketwired.com/press-re...-in-the-year-2017-tsx-venture-rbx-2226201.htm

QUEBEC CITY, QUEBEC--(Marketwired - July 14, 2017) - Robex Resources Inc. ("Robex" and/or the Company) (TSX VENTURE:RBX)(FRANKFURT:RB4) confirms a drilling plan of 16,525 meters for the year 2017, with the vast majority concentrated around the main pit of the Nampala mine in Mali.

In early 2017, ROBEX agreed with the world-renowned firm INNOVEXPLO. Over the past few weeks, they have carried out a geological reinterpretation of the main pit of the Nampala mine. This step was crucial to understanding the mineralization controls in order to properly plan and implement the drilling strategy.

The objectives of drilling the 16,500 meters will be to test the extensions of the mineralized zones of the Nampala pit, to confirm and extend the gold values previously intersected in the neighboring areas to the pit and confirm the presence of mineral resources that could enter directly into the current mine plan to increase mine life.

The plan proposed by INNOVEXPLO consists of 4,750 meters of core drilling and 11,775 meters of reverse circulation drilling ("RC"). The drillings will begin once the rainy season is over, around October 1, 2017 and will take place in the last quarter of 2017.

The drilling campaign will test five different targets. 1) In the immediate extensions to the south and west of the main pit in order to confirm the extension of the known mineralized zones, 2) in the pit in operation to delimit and test the homogeneity of economic zones and finally, 3) to the east and on the extension of the mineralized corridor to the south in order to identify areas potentially capable of increasing the resources of the operating area.

As a result of this work, Robex will be able to have a better quantitative and qualitative understanding of the mineralization system contained and surrounding the current pit. All the work related to the development and maintenance of the drilling campaign as well as the characterization of the mineral resources will be done under the supervision of the firm INNOVEXPLO. The latter will manage the integration of the new information with the current database with the ultimate aim of developing a new mineral resource estimate as well as the preparation of an updated technical report complying with the standards of regulation NI 43-101.

ROBEX intends to extend their prospecting effort over the next few years on the overall exploration of the Mininko permit, where the Nampala mine is located.

The geological information contained in this press release has been validated by François Kerr-Gillespie, geo, M.Sc. (OGQ # 2021) of INNOVEXPLO, a qualified person within the meaning of NI 43-101, responsible for the exploration on the Nampala site, in Mali.

 

[Sltrader]

Guten Tag zusammen

 

[Sltrader]

werde ich wohl abschreiben müssen

Sltrader schrieb am 10.08.2017, 16:21 Uhr[/url]"]P.TSE long zu 0,25 :shock: wird nach schlechten Zahlen zerlegt

 

[dukezero]

ITH bei Gold über 1400$ rocketeer . 0,81 cad

 

[The Bull]

wie sieht denn das orderbuch aus?könnte da was gehn???

The Bull schrieb am 29.08.2017, 11:27 Uhr[/url]"]Guten Morgen!!!

BBI lebt wieder

auf gehts weiter weiter weiter


Sollten da demnächst wieder gute news kommen sehe ich BBI ende des jahres schon wieder mindestens bei den alten Höhen

 

[sudoer]

NSU Insider Buying Alert : https://seekingalpha.com/article/4102734-nevsun-resources-insider-buying-alert

 

[greenhorn]

Guten Morgen!

12:00 - US MBA Hypothekenanträge (Woche)
• 16:30 - US EIA Ölmarktbericht (Woche)

 

[greenhorn]

liest sich gut!

sudoer schrieb am 29.08.2017, 23:25 Uhr[/url]"]NSU Insider Buying Alert : https://seekingalpha.com/article/4102734-nevsun-resources-insider-buying-alert

 

[marcovich]

Charttechnisch sieht s auch nicht so schlecht aus, meines Erachtens.. Vol. nimmt zu .. heute +7% - mit Financial Report + Year Highlights
http://news.iguana2.com/macquaries/ASX/ALK/848619

marcovich schrieb am 28.08.2017, 16:39 Uhr[/url]"]back from holidays...

Gute Nachrichten nach meiner Einschätzung. Der Senior MD ist zurück getreten und macht den Weg frei für den "Nachwuchs" - neuer Managing Director ist Nic Earner, welcher bereits die Goldmine als COO in Gang gebracht hat. Halte ihn für einen guten Mann und kann mir auch vorstellen, dass die möglicherweise finanzierenden Institute "den Change" im Management eingefordert haben .. bevor sie 1/2 Mrd zur Verfügung stellen für Dubbo ..

http://www.dailyliberal.com.au/story/4875291/new-face-at-alkanes-helm/

stehen einige News an ~ Sept..
Modulare Studie und damit konkrete angepasste BFS
Drilling Results
Offtake, Finanzierung etc ..

schauen wir mal...

marcovich schrieb am 21.07.2017, 08:12 Uhr[/url]"]Moin,

zu Alkane wurden gestern 2 Artikel veröffentlicht, Volumen wieder gut und mit 0,33AUD charttechnisch auch interessant, finde ich. Positiv auch, dass nach dem 20% Anstieg Anfang der Woche, kaum VK Druck aufkam ..

http://www.dailyliberal.com.au/story/4802213/alkane-seeking-500m/

"Mr Chalmers said the company was “extremely positive” about the project, based on one of the world’s largest in-ground resources of zirconium, hafnium, niobium, yttrium and rare earth elements at Toongi. “Internally...we’re still targeting late this year to start construction,” he told the Daily Liberal."

“The thing we are starting to see, and it has been happening this year, is some of the prices for our key products in the rare earth space and the zirconium space, have definitely kicked up,” he said. “We’ve had 20 per cent, 30 per cent rises for some of the key products. That’s huge for us. It helps us with the financing.”

https://investorintel.com/sectors/technology-metals/technology-metals-intel/2017-year-alkane-resources/

"It’s not often that you come across a junior with a decent cash flow situation, and very rare indeed to find one so strong. The company’s gold sales have enabled them to remain safely on the right side of the rare-earth market, and the case for REE supply outside of China has never been better. Alkane have one of the world’s largest in-ground resources of zirconium, hafnium, niobium, yttrium and rare earth elements; so large, in fact, it is expected to process 1,000,000 tonnes of ore each year over a period of 70 years or more, the first 20 of which are already fully permitted. I’ll say it one more time; this is going to be one hell of a year for Alkane Resources."

marcovich schrieb am 18.07.2017, 08:47 Uhr[/url]"]Morgen,

Alkane heute mit Q und FY2017 Bericht - sehr gutes Quartal, Kurs reagiert unter hohem Volumen mit +19% auf 0,31 AUD, ~30 Mio Cashflow, dazu die sehr positiven Preisentwicklungen bei den REE's und Zirkonium (+ ca. 30% seit Anfang des Jahres) welche hoffentlich bald mal zu einer Finanzierung des Dubbo Projekts führen .. MCap etwa 150 Mio AUD, geplanter Cashflow 2018 von ~40 Mio AUD bei aktuellem Gold Preis, 45 Mio AUD Cash auf der Bank. Vielleicht springt sie jetzt wieder an ..

Tomingley Gold Operations (TGO)
 Record gold production in the quarter of 27,924 ounces at AISC of A$906/ounce completed an
excellent second half of the 2017 financial year.
 Site operating cash flow after development costs for the quarter was A$30.7M.
 Quarter Results
o Gold production was above forecast at 27,924 ounces and well above the previous quarter
of 18,721 ounces
o Site operating cash costs reduced to A$702/ounce with all in sustaining costs (AISC) of
A$905/ounce
o Gold sales 31,107 ounces for revenue of A$52.6 million at an average price of
A$1,690/ounce
o Gold forward contracts at 30 June 2017 of 17,500 ounces at average price of
A$1,716/ounce.
 Full year production for FY2017 was 68,836 ounces with an AISC of A$1,335/ounce, including H2
production of 46,645 ounces with an AISC of A$1,038/ounce, generating cash flow of A$32.7
million (full year site operating cash flow after development costs).

...
Q Activities Report
http://news.iguana2.com/macquaries/ASX/ALK/843262

» zur Grafik

marcovich schrieb am 27.06.2017, 10:12 Uhr[/url]"]Morgen,

....

Heute positive News bei Alkane Resources, wenigstens das Goldprojekt scheint besser zu laufen aktuell, ordentliche Prognosenanhebung, 30% mehr Output bei 30% weniger Kosten, etwa 15-20 Mio AUD mehr .. Kurs trotzdem verhalten mit nur +4%:

Improved Gold Production Leads to Revision of FY17 Guidance
June 27, 2017

Tomingley Gold Operations (TGO)
Strong performance continues from the previous quarter with gold production of over 17,000 ounces across April and May. Full details will be released with the quarterly report in July.

Guidance upgraded with an expected H2 FY17 of 43,000 – 45,000 ounces at an AISC of A$1,000 – A$1,100 from the guidance of 31,000 – 36,000 ounces at an AISC of A$1,350 – A$1,550 published in January 2017. Site cash costs (C1) for the current quarter are anticipated to be in the range of A$750 – A$850.
Full year guidance for FY17 has been revised to production of 65,000 – 67,000 ounces at an AISC of A$1,300 – A$1,400.

FY18 expected to be 65,000 – 70,000 ounces at an AISC of A$1,100 – A$1,200.
TGO continued at high production levels in the current quarter, above forecast. This was due to the release of higher grade ore, particularly from the Caloma and Caloma Two pits, and generally clear weather following a difficult H1 FY17 caused by persistent heavy rain events.

Mining is also occurring in the Wyoming One pit, although this is predominantly waste stripping. Underground and ExplorationDrilling Core drilling below the Wyoming One open pit and regional aircore/core drilling south of the TGO mine site are continuing. Further results will be released over the next several months as the programs proceed.

die müssen jetzt mal mit News rauskommen für Dubbo, das große Projekt, Teilfinanzierung, Offtakes, etc .. wenn das passiert, sehe ich einen Xbagger, wenn nicht, hält die Goldproduktion wenigstens den aktuellen Kurs ..

 

[600]

GTT halted

 

[Kostolanys Erbe]

Die wichtige Marke 1.308 $ ist umkämpft...

 

[marcovich]

Frage in die Runde:

wie kann ich mir aus einem kalkulierten NPV (net present value) eines Minenprojekts,
bspw. 1,5 Mrd NPV eine Bewertung rausziehen für die MCap ..?

Bezieht sich auf Alkane: Vorkommen sind da, alle Genehmigungen sind da, fehlt "nur" noch eine Finanzierung. Die aktuelle MCap berücksichtigt das Projekt meiner Meinung nach garnicht, trotz einem NPV von ~ 1,5 Mrd.

 

[Kostolanys Erbe]

Nachtrag von OMI:


Orosur Mining earns $2.58-million (U.S.) in fiscal 2017



2017-08-29 06:23 ET - News Release



Mr. Ignacio Salazar reports

OROSUR MINING INC. A FULL YEAR 2017 RESULTS: US$9.7M CASH FROM OPERATIONS, US$2M PROFIT BEFORE TAX

Orosur Mining Inc. has released its results for the fiscal year ended May 31, 2017. All currency figures are in U.S. dollars.

Highlights

Financial and operational results:

Fiscal 2017 production of 35,371 ounces (within stated guidance of 35,000 to 40,000 ounces) following a significant increase in production in the fourth quarter (10,748 ounces);
Fiscal 2017 operating cash cost guidance of $829 (confirmed within stated guidance of $800 to $900/ounce) and representing an improvement on fiscal 2016: $877;
Average gold price received of $1,258/ounce (fiscal 2016: $1,154/ounce);
Cash flow generated by operations of $9.7-million (fiscal 2016: $7.6-million) due to better operating performance and gold price in fiscal 2017;
Profit before tax of $2-million (fiscal 2016: loss of $3.2-million) due to higher gold price at $1,258/ounce (fiscal 2016: $1,154/ounce) and lower overall costs of sales;
Successfully built and developed the San Gregorio West underground mine in Uruguay (SGW UG) from internally generated funds (total investment in SGW UG during fiscal 2017 was $5.9-million);
The company invested $10.8-million in capital and $2.6-million in exploration (fiscal 2016: $3.9-million and $2.8-million, respectively); in addition to the construction of the SGW UG mine, the company invested in the completion of the construction of phase 4A of the new tailings dam during fiscal 2017;
All-in sustaining costs (AISC) of $1,228/ounce (fiscal 2016: $1,069/ounce); the increase was due mainly to the additional development capex (capital expenditures) associated with building the SGW UG mine;
Cash balance at the end of May, 2017, of $3.4-million (third quarter -- $2.4-million and fiscal 2016 -- $4.3-million) with debt of just $400,000.


Exploration and corporate

Following completion of the equity raise announced on Aug. 11, 2017, the company is in the process of ramping up drilling in Colombia and plans to update the market on recent exploration progress in both Colombia and Uruguay in short order.

Ignacio Salazar, chief executive officer of Orosur, commented: "We are very pleased to report a successful fiscal 2017 having achieved a number of important corporate milestones whilst simultaneously delivering in line with production and cost targets for the fourth consecutive year.

"Cost management and technical excellence remain central to our strategy, demonstrated by successfully building and opening of the second UG mine in Uruguay during the year. The completion of the recent financing announced on Aug. 11, 2017, which was oversubscribed and at a premium to the prevailing market when negotiated, is an important step to support our growth strategy.

"The quality of our assets, our track record on delivery and the recent financing position the company well for fiscal 2018 to make significant progress towards its growth potential and we look forward to reporting results from the resource definition in Colombia, tapping the potential of the highly prospective 100-kilometre greenstone belt we control in Uruguay and advancing Anillo in Chile/"

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

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aOMI-2499746&symbol=OMI&region=C

 

[greenhorn]

RBX - Robex Gold, da sind die Zahlen und ich find die Entwicklung gut

August 30, 2017 09:18 ET
Robex Resources Generated Net Cash Flow From Operating Activities of $6.9 Million in the Second Quarter of 2017 for Revenues of $15.2 Million
http://www.marketwired.com/press-re...69-million-second-tsx-venture-rbx-2231991.htm
QUEBEC CITY, QUEBEC--(Marketwired - Aug. 30, 2017) - Robex Resources Inc. ("Robex" and/or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce their financial and operating results for the quarter ended June 30, 2017. This second quarter has given encouraging results.

Unless otherwise indicated, all amounts are in Canadian dollars.

Highlights for the second quarter of 2017

Net cash flows from operating activities(1) of $6.9 million or $0.012 per share1, an increase of 35 % compared with the first quarter of 2017 ($5.1 million or 0,009 $ per share1)

8,987 gold ounces sold for $15.2 million, an increase of 22 % compared to the first quarter of 2017 (7,548 gold ounces sold for $12.4 million)

Total cash costs(2) of $591 per ounce sold and all-included sustaining costs2 of $873 per sold ounce (total cash costs2 of $665 per ounce sold and all-included sustaining costs2 of $891 $ per ounce sold in the first quarter of 2017)

Adjusted net income attributable to equity shareholders2 of $3.8 million or $0.007 per share2, an increase of 38 % compared to the first quarter of 2017 ($2.7 million or $0.005 per share2)

16,525 drilling meters planned at the Nampala mine, starting on October 1st, 70 % of which will be RC drilling and 30 % of core drilling, with the primary objective of increasing the exploitable resources at Nampala

greenhorn schrieb am 29.08.2017, 11:59 Uhr[/url]"]RBX - Robex Gold, haben sich in Abwesenheit weiter entwickelt. bin auf die Finanzzahlen zum Q2 gespannt. Der Handel in Canada hat sich auch etwas belebt

greenhorn schrieb am 27.07.2017, 09:26 Uhr[/url]"]RBX - Robex Gold

Anhaltspunkt mal die Q1 Zahlen herangezogen
280 kg entsrechen ca. 8500 Unzen Gold
bei der Kostenstruktur und einem angenommenen VK-Preis von 1200 USD/Unze
würde ein möglicher Net Q2-Ertrag von 4,5 Mio USD zu Buche stehen (mit All-In-Kosten ca. 2,6 Mio)
aktuelle MK bei 52 Mio CAD....gutes Ergebnis
wenn Q3+4 ähnlich laufen, verdient RBX in 2017 um die 16 Mio$, die Schulden betragen im Moment noch knapp 18 Mio$ Stand 30.03.2017

nächsten Schritte sollten sein:
Schuldenabau
Reduzierung der Aktienanzahl

"..Highlights for the first quarter of 2017

Start of commercial production at the Nampala mine on January 1, 2017
Gold production of 7,771 ounces of gold while 458 ounces were produced for the same period of 2016
Gold sales totaled $12.4 million compared to $774,000 for the same period in 2016
Total cash cost1 of $665 per ounce sold and all-inclusive sustaining cost1 of $891 per ounce sold
Basic and diluted earnings per share attributable to shareholders of $3.82 million, or $0.007 per share, compared to a net loss of $8.34 million or $ -0.014 per share for the same period of 2016
Cash flows from operating activities2 of $5.1 million, or $0.009 per share1 compared to negative cash flows of $840,000 or -$0.001 per share1 for the same period of 2016
Decrease in long-term debt by $1.52 million
Progress on the establishment of an exploration program on the Mininko permit (Nampala)...."

greenhorn schrieb am 17.07.2017, 15:10 Uhr[/url]"]July 17, 2017 09:00 ET
ROBEX RESOURCES: Gold sales have gone up by 19% in the second quarter compared to the first quarter of 2017
http://www.marketwired.com/press-re...irst-quarter-2017-tsx-venture-rbx-2226340.htm

QUEBEC, QUEBEC--(Marketwired - July 17, 2017) - Robex Resources Inc. ("Robex" and/or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that they have sold 280 kg of Gold in the second quarter of 2017 compared to sales of 235 kg in the first quarter of 2017. Sales in the second quarter represent an average of more than 93 kg per month.

Amendment of the Company's Stock Option Plan and Grant of Options

The Company amends its Stock Option Plan (the "Plan") to increase the number of the Company's common shares reserved for issuance under the Plan, previously set at 10,000,000 to 34,770,600 representing 6% of Robex's issued and outstanding common shares as of today's date. This increase in the number of options is the only change proposed to the Plan.

As a result of this amendment, the Board of Directors granted a total of 12,350,000 stock options at an exercise price of $ 0.09 to directors, management, employees and suppliers under the Plan. Upon grant, the options are subject to a four month holding period before they can be exercised and are subsequently exercisable at 100%; they will expire five years after the grant.

greenhorn schrieb am 14.07.2017, 15:07 Uhr[/url]"]July 14, 2017 09:00 ET
Robex Resources: 16,525 Drilling Meters Planned in the Year 2017
http://www.marketwired.com/press-re...-in-the-year-2017-tsx-venture-rbx-2226201.htm

QUEBEC CITY, QUEBEC--(Marketwired - July 14, 2017) - Robex Resources Inc. ("Robex" and/or the Company) (TSX VENTURE:RBX)(FRANKFURT:RB4) confirms a drilling plan of 16,525 meters for the year 2017, with the vast majority concentrated around the main pit of the Nampala mine in Mali.

In early 2017, ROBEX agreed with the world-renowned firm INNOVEXPLO. Over the past few weeks, they have carried out a geological reinterpretation of the main pit of the Nampala mine. This step was crucial to understanding the mineralization controls in order to properly plan and implement the drilling strategy.

The objectives of drilling the 16,500 meters will be to test the extensions of the mineralized zones of the Nampala pit, to confirm and extend the gold values previously intersected in the neighboring areas to the pit and confirm the presence of mineral resources that could enter directly into the current mine plan to increase mine life.

The plan proposed by INNOVEXPLO consists of 4,750 meters of core drilling and 11,775 meters of reverse circulation drilling ("RC"). The drillings will begin once the rainy season is over, around October 1, 2017 and will take place in the last quarter of 2017.

The drilling campaign will test five different targets. 1) In the immediate extensions to the south and west of the main pit in order to confirm the extension of the known mineralized zones, 2) in the pit in operation to delimit and test the homogeneity of economic zones and finally, 3) to the east and on the extension of the mineralized corridor to the south in order to identify areas potentially capable of increasing the resources of the operating area.

As a result of this work, Robex will be able to have a better quantitative and qualitative understanding of the mineralization system contained and surrounding the current pit. All the work related to the development and maintenance of the drilling campaign as well as the characterization of the mineral resources will be done under the supervision of the firm INNOVEXPLO. The latter will manage the integration of the new information with the current database with the ultimate aim of developing a new mineral resource estimate as well as the preparation of an updated technical report complying with the standards of regulation NI 43-101.

ROBEX intends to extend their prospecting effort over the next few years on the overall exploration of the Mininko permit, where the Nampala mine is located.

The geological information contained in this press release has been validated by François Kerr-Gillespie, geo, M.Sc. (OGQ # 2021) of INNOVEXPLO, a qualified person within the meaning of NI 43-101, responsible for the exploration on the Nampala site, in Mali.

 

[Kostolanys Erbe]

Nachtrag:


Transatlantic Mining closes first tranche of financing



2017-08-28 12:45 ET - News Release



Mr. Bernie Sostak reports

TRANSATLANTIC MINING CORP. CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT AND US GRANT PROPERTY ACQUISITION

Transatlantic Mining Corp. has provided the following update with respect to the private placement financing and property acquisition announced July 19, 2017. The company has received TSX Venture Exchange approval to close its first-phase financing of subscription receipts at 10 cents per subscription receipt. The company has received subscriptions for a total of 22 million subscription receipts for total gross proceeds of $2.2-million, and has now closed on that phase of the financing.

The company has also received exchange approval to close its acquisition of the U.S. Grant mine property in Montana, and that transaction has now also closed. The closing funds in the amount of $1.65-million (U.S.) were provided by the proceeds of the subscription receipt financing referred to in the foregoing. Under the original mining lease and option to purchase agreement, the company will be required to make a further payment of $2-million (U.S.) on the first anniversary of closing and a further $2-million (U.S.) on the second anniversary of closing.

As a result of the closing of the U.S. Grant transaction, the subscription receipts have now automatically converted into units of the company on a 1:1 basis. Accordingly, the 22 million subscription receipts have been converted into an equivalent number of units, with each unit comprising one common share and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the company for a period of one year at a price of 15 cents. The common shares and share purchase warrants are subject to a four-month hold period.

The company is continuing with the second phase of the financing announced on July 19, 2017, comprising up to 53 million units at a price of 10 cents per unit for additional proceeds of up to $5.3-million. The units under the second phase financing are identical to the units issued upon conversion of the subscription receipts, as referred to in the foregoing. Finders' fees in cash and/or securities are payable under both the first and the second phases of the financing. The company expects to update the status of the second-phase financing in the near future, including the finders' fees paid and the hold period expiry dates for both phases.

About Transatlantic Mining Corp.

Transatlantic Mining 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 property interests, such as an 80-per-cent earn-in option on the Monitor copper-gold project in Idaho and the U.S. Grant gold-silver mine and mill complex in Montana.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTCO-2499141&symbol=TCO&region=C

Kostolanys Erbe schrieb am 16.08.2017, 20:30 Uhr[/url]"]
Transatlantic Mining retracts disclosure on U.S. Grant



2017-08-16 13:36 ET - News Release



Mr. Bernie Sostak reports

TRANSATLANTIC MINING CORP. CLARIFIES DISCLOSURE

As a result of a review by the British Columbia Securities Commission, Transatlantic Mining Corp. is issuing the following news release to clarify its disclosure.

On Aug. 16, 2017, the company posted a revised corporate presentation to its website. That revised presentation referenced an economic assessment on the U.S. Grant property based on a historical resource estimate and drill results, contrary to Section 2.3(1)(b) of National Instrument 43-101. The company hereby retracts that disclosure. It is anticipated that a corrected corporate presentation will be posted to the company's website in the immediate future.

About Transatlantic Mining Corp.

Transatlantic Mining is an emerging precious and base metals explorer, developer and producer. The company is engaged in controlling and owning mineral properties interests, such as an 80-per-cent earn-in option on the Monitor copper-gold project in Idaho.

In January, 2016, the company entered a lease/purchase option agreement on 100 per cent of the U.S. Grant gold-silver mine and mill complex in Montana, 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 U.S. Grant mine.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C:TCO-2495823&symbol=TCO&region=C

 

[Kostolanys Erbe]

Nun gab es 2 weitere News von ESM.....

Was mir überhaupt nicht gefällt ist das gepushe auf der W:O Seite mit dem link

http://miningstocks.expert/esm2/




Euro Sun appoints Rogers to advisory board



2017-08-30 00:35 ET - News Release



Mr. Stan Bharti reports

EURO SUN REPORTS THAT JIM ROGERS HAS JOINED ITS ADVISORY BOARD

Renowned commodities expert Jim Rogers has joined the advisory board of Euro Sun Mining Inc.

Mr. Rogers is a respected author and speaker, actively promoting commodity investments globally. In 1973, Mr. Rogers, along with George Soros, founded the Quantum Fund. The Quantum Fund was one of the first truly international funds with the portfolio gaining 4,200 per cent while the S&P advanced about 47 per cent from 1970 to 1980. In 1980, Mr. Rogers decided to retire and spent some of his time travelling on a motorcycle around the world.

Mr. Rogers is also a prolific writer and contributes frequently to The Washington Post, The New York Times, Forbes, Fortune and The Wall Street Journal. One of his other interests is teaching, and he has served as a professor of finance at the Columbia University Graduate School of Business.

Stan Bharti, chairman of Euro Sun Mining, stated: "We are very pleased to have Jim officially join Euro Sun as an adviser. Rovina is a world-class gold-copper project and will be a significant contributor to the Romanian economy. Jim's expertise in precious and base metals, particularly in Asia, will be of great assistance as we move towards production at Rovina."

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 1.42 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 person as defined by National Instrument 43-101.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2501273&symbol=ESM®ion=C




Euro Sun appoints Popitiu manager of public relations



2017-08-29 02:42 ET - News Release



Mr. Scott Moore reports

EURO SUN REPORTS THAT IT HAS RECRUITED ADVISOR TO THE PRESIDENT OF THE NATIONAL AGENCY OF MINERAL RESOURCES

Eugen Popitiu, former adviser to the president of the Romanian National Agency for Mineral Resources (NAMR) since January, 2016, has agreed to join Euro Sun Mining Inc. as manager of public relations, effective Sept. 1, 2017.

Mr. Popitiu is a graduate of the University of Bologna, with a degree in political science and international relations. Prior to acting as adviser to the past two presidents of NAMR, he was adviser to the Minister of Energy, in small and medium enterprises and business environment.

A passionate professional about both public and business sectors, he brings strong experience with business development, brand communication, sales strategy and leadership in the oil and gas and mineral resource industry.

Scott Moore, president and chief executive officer of Euro Sun Mining, stated: "We are very pleased to have Eugen join our team at Euro Sun Mining. His experience within NAMR and the Romanian government is ideally suited for the company as we seek to raise the profile of Euro Sun Mining and the Rovina Valley project. 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-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 1.42 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 person as defined by National Instrument 43-101.


https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aESM-2499736&symbol=ESM®ion=C

Kostolanys Erbe schrieb am 21.08.2017, 00:18 Uhr[/url]"]Ohne News am letzten Freitag aufwärts!


» zur Grafik

Kostolanys Erbe schrieb am 10.08.2017, 00:02 Uhr[/url]"]
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®ion=C


» zur Grafik

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®ion=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®ion=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®ion=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]

Robex Resources produces 8,965 ounces Au in Q2 2017



2017-08-30 10:04 ET - News Release



Mr. Guillaume Emond reports

ROBEX RESOURCES GENERATED NET CASH FLOW FROM OPERATING ACTIVITIES OF $6.9 MILLION IN THE SECOND QUARTER OF 2017 FOR REVENUES OF $15.2 MILLION

Robex Resources Inc. has released its financial and operating results for the quarter ended June 30, 2017. This second quarter has given encouraging results.

Highlights for the second quarter of 2017

Net cash flows from operating activities(1) of $6.9 million or $0.012 per share1, an increase of 35 % compared with the first quarter of 2017 ($5.1 million or 0,009 $ per share1)
8,987 gold ounces sold for $15.2 million, an increase of 22 % compared to the first quarter of 2017 (7,548 gold ounces sold for $12.4 million)
Total cash costs(2) of $591 per ounce sold and all-included sustaining costs2 of $873 per sold ounce (total cash costs2 of $665 per ounce sold and all-included sustaining costs2 of $891 $ per ounce sold in the first quarter of 2017)
Adjusted net income attributable to equity shareholders2 of $3.8 million or $0.007 per share2, an increase of 38 % compared to the first quarter of 2017 ($2.7 million or $0.005 per share2)
16,525 drilling meters planned at the Nampala mine, starting on October 1st, 70 % of which will be RC drilling and 30 % of core drilling, with the primary objective of increasing the exploitable resources at Nampala


Mining operation: Nampala, Mali


Second quarters ended June 30, First halves ended June 30,
2017 2016 2017 2016
Operating Data

Ore mined (tonnes) 379,719 151,149 645,148 268,268
Ore processed (tonnes) 381,710 102,998 741,919 240,418
Waste mined (tonnes) 615,750 316,821 1,219,487 622,188
Operational stripping ratio 1.6 2.1 1.9 2.3
Head grade (g/t) 0.77 0.89 0.85 0.84
Recovery (%) 85.9 % 81,8 % 85,9 % 83.2 %
Gold ounces produced 8,965 2,985 16,735 3,443
Gold ounces sold 8,987 2,985 16,535 3,443

Financial Data
(all amounts below were rounded to the nearest thousand dollars)
Revenues - Gold sales 15,207,000 --- 27,613,000 ---

Mining operation expenses 4,941,000 --- 9,659,000 ---
Change in environmental liabilities 6,000 9,000 12,000 (18,000)
Mining royalties 363,000 29,000 657,000 34,000
Administrative expenses 1,479,000 168 000 2,296,000 382 000
Depreciation of property, plant and equipment 1,940,000 43,000 3,537,000 191,000

Segment operating income 6,478,000 (249,000) 11,451,000 (589,000)

Statistics 3
(all amounts below are expressed in dollars)
Average realized selling price (per ounce) 1,692 --- 1,670 ---
Cash operating cost (per tonne processed)4 11 --- 12 ---
Total cash cost (per ounce sold)4 591 --- 625 ---
All-in sustaining cost (per ounce sold)4 873 --- 881 ---
Administrative expenses (per ounce sold) 165 --- 139 ---
Depreciation of property, plant
and equipment (per ounce sold) 216 --- 214 ---


Exploration

Nampala Mining site

The drilling program has been fully planned and includes 4,750 meters of core drilling and 11,775 meters of reverse circulation ("RC") drilling. The drillings will begin once the rainy season is over, around October 1st, 2017 and will take place in the last quarter of 2017.

ROBEX's Management's Discussion and Analysis and Consolidated Financial Statements are available on the Company's website in the Investor section at: Robexgold.com. These reports and other documents produced by the Company are also available at: Sedar.com.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRBX-2501484&symbol=RBX&region=C

greenhorn schrieb am 29.08.2017, 11:59 Uhr[/url]"]RBX - Robex Gold, haben sich in Abwesenheit weiter entwickelt. bin auf die Finanzzahlen zum Q2 gespannt. Der Handel in Canada hat sich auch etwas belebt

greenhorn schrieb am 27.07.2017, 09:26 Uhr[/url]"]RBX - Robex Gold

Anhaltspunkt mal die Q1 Zahlen herangezogen
280 kg entsrechen ca. 8500 Unzen Gold
bei der Kostenstruktur und einem angenommenen VK-Preis von 1200 USD/Unze
würde ein möglicher Net Q2-Ertrag von 4,5 Mio USD zu Buche stehen (mit All-In-Kosten ca. 2,6 Mio)
aktuelle MK bei 52 Mio CAD....gutes Ergebnis
wenn Q3+4 ähnlich laufen, verdient RBX in 2017 um die 16 Mio$, die Schulden betragen im Moment noch knapp 18 Mio$ Stand 30.03.2017

nächsten Schritte sollten sein:
Schuldenabau
Reduzierung der Aktienanzahl

"..Highlights for the first quarter of 2017

Start of commercial production at the Nampala mine on January 1, 2017
Gold production of 7,771 ounces of gold while 458 ounces were produced for the same period of 2016
Gold sales totaled $12.4 million compared to $774,000 for the same period in 2016
Total cash cost1 of $665 per ounce sold and all-inclusive sustaining cost1 of $891 per ounce sold
Basic and diluted earnings per share attributable to shareholders of $3.82 million, or $0.007 per share, compared to a net loss of $8.34 million or $ -0.014 per share for the same period of 2016
Cash flows from operating activities2 of $5.1 million, or $0.009 per share1 compared to negative cash flows of $840,000 or -$0.001 per share1 for the same period of 2016
Decrease in long-term debt by $1.52 million
Progress on the establishment of an exploration program on the Mininko permit (Nampala)...."

greenhorn schrieb am 17.07.2017, 15:10 Uhr[/url]"]July 17, 2017 09:00 ET
ROBEX RESOURCES: Gold sales have gone up by 19% in the second quarter compared to the first quarter of 2017
http://www.marketwired.com/press-re...irst-quarter-2017-tsx-venture-rbx-2226340.htm

QUEBEC, QUEBEC--(Marketwired - July 17, 2017) - Robex Resources Inc. ("Robex" and/or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that they have sold 280 kg of Gold in the second quarter of 2017 compared to sales of 235 kg in the first quarter of 2017. Sales in the second quarter represent an average of more than 93 kg per month.

Amendment of the Company's Stock Option Plan and Grant of Options

The Company amends its Stock Option Plan (the "Plan") to increase the number of the Company's common shares reserved for issuance under the Plan, previously set at 10,000,000 to 34,770,600 representing 6% of Robex's issued and outstanding common shares as of today's date. This increase in the number of options is the only change proposed to the Plan.

As a result of this amendment, the Board of Directors granted a total of 12,350,000 stock options at an exercise price of $ 0.09 to directors, management, employees and suppliers under the Plan. Upon grant, the options are subject to a four month holding period before they can be exercised and are subsequently exercisable at 100%; they will expire five years after the grant.

greenhorn schrieb am 14.07.2017, 15:07 Uhr[/url]"]July 14, 2017 09:00 ET
Robex Resources: 16,525 Drilling Meters Planned in the Year 2017
http://www.marketwired.com/press-re...-in-the-year-2017-tsx-venture-rbx-2226201.htm

QUEBEC CITY, QUEBEC--(Marketwired - July 14, 2017) - Robex Resources Inc. ("Robex" and/or the Company) (TSX VENTURE:RBX)(FRANKFURT:RB4) confirms a drilling plan of 16,525 meters for the year 2017, with the vast majority concentrated around the main pit of the Nampala mine in Mali.

In early 2017, ROBEX agreed with the world-renowned firm INNOVEXPLO. Over the past few weeks, they have carried out a geological reinterpretation of the main pit of the Nampala mine. This step was crucial to understanding the mineralization controls in order to properly plan and implement the drilling strategy.

The objectives of drilling the 16,500 meters will be to test the extensions of the mineralized zones of the Nampala pit, to confirm and extend the gold values previously intersected in the neighboring areas to the pit and confirm the presence of mineral resources that could enter directly into the current mine plan to increase mine life.

The plan proposed by INNOVEXPLO consists of 4,750 meters of core drilling and 11,775 meters of reverse circulation drilling ("RC"). The drillings will begin once the rainy season is over, around October 1, 2017 and will take place in the last quarter of 2017.

The drilling campaign will test five different targets. 1) In the immediate extensions to the south and west of the main pit in order to confirm the extension of the known mineralized zones, 2) in the pit in operation to delimit and test the homogeneity of economic zones and finally, 3) to the east and on the extension of the mineralized corridor to the south in order to identify areas potentially capable of increasing the resources of the operating area.

As a result of this work, Robex will be able to have a better quantitative and qualitative understanding of the mineralization system contained and surrounding the current pit. All the work related to the development and maintenance of the drilling campaign as well as the characterization of the mineral resources will be done under the supervision of the firm INNOVEXPLO. The latter will manage the integration of the new information with the current database with the ultimate aim of developing a new mineral resource estimate as well as the preparation of an updated technical report complying with the standards of regulation NI 43-101.

ROBEX intends to extend their prospecting effort over the next few years on the overall exploration of the Mininko permit, where the Nampala mine is located.

The geological information contained in this press release has been validated by François Kerr-Gillespie, geo, M.Sc. (OGQ # 2021) of INNOVEXPLO, a qualified person within the meaning of NI 43-101, responsible for the exploration on the Nampala site, in Mali.

 

[greenhorn]

TGZ - Teranga Gold files NI 43-101 Sabodala technical report

2017-08-30 08:44 ET - News Release
Mr. Richard Young reports
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:TGZ-2501406&symbol=TGZ&region=C

Teranga Gold Corp. has filed a technical report pursuant to National Instrument for its Sabodala gold mine in Senegal, West Africa. The Sabodala Technical Report, which was prepared by Teranga and Roscoe Postle Associates Inc., conforms to NI 43-101 and supports the updated mineral reserves estimate and life of mine plan released on July 19, 2017. A copy of the Sabodala Technical Report has been filed on SEDAR at www.sedar.com and posted on the Company's website at www.terangagold.com.

As previously announced, the Company's proven and probable reserves at Sabodala increased to 2.7 million ounces of gold representing an increase of more than 400,000 ounces over the previous mineral reserves estimate. The majority of the new reserves come from the Niakafiri deposit, which is located less than five kilometres from the Sabodala process plant. The Sabodala mine plan has accordingly been re-sequenced to bring forward the development of the Niakafiri open pit deposits and defer underground development, improving Teranga's five-year production and cash flow profile.

"We're pleased with the update to Sabodala's life of mine plan," stated Richard Young, President and Chief Executive Officer of Teranga. "We have extended our mine life to 14 years and improved our five-year profile. Between 2018 and 2022, Sabodala's gold production is expected to increase by 20% to more than one million ounces1 and generate a total of $230 million in free cash flow2, approximately two times the amount anticipated in the previous plan filed eighteen months ago."

Mr. Young continued, "We will continue with our multi-year drilling program intended to further define near surface resources and reserves on the prospective Niakafiri trend."

Highlights of the Sabodala Technical Report

Proven and probable mineral reserves:61.6 Mt @ 1.37 g/t containing 2.7Moz Au;
Measured and indicated resources: 86.6 Mt @ 1.59 g/t containing 4.4Moz Au;
Inferred mineral resources: 17.2 Mt @ 1.81 g/t containing 1.0Moz Au;
First 5 years (2018 - 2022);
Average annual production: 213 Koz;
Average mill grade: 1.64 g/t;
Average all-in sustaining costs*: $885 per ounce;
Free cash flow*: $230 million;
14-year mine life;
Average annual production: 176 Koz;
Average all-in sustaining costs*: $893 per ounce.

greenhorn schrieb am 28.07.2017, 13:08 Uhr[/url]"]TGZ - Teranga Gold

Teranga Gold earns $9.64-million (U.S.) in Q2 2017
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:TGZ-2489916&symbol=TGZ&region=C
2017-07-28 07:03 ET - News Release

Mr. Richard Young reports

SABODALA MINE PERFORMANCE, BANFORA FEASIBILITY ANNOUNCEMENT AND GOLDEN HILL

Teranga Gold Corp. has released its financial and operating results for the second quarter ended June 30, 2017.

"Solid second quarter progress in operations, new project development and exploration support our goal of becoming the next multi-asset, mid-tier gold company in West Africa," said Richard Young, President and Chief Executive Officer.

"At the outset of the year, we outlined a list of important milestones for the Company and we are now checking off the boxes," Mr. Young added. "We increased reserves at Sabodala, our flagship operation, to 2.7 million ounces, considerably improving our five-year production and cash flow profile. We also reported significant exploration success at Golden Hill, where we made two new gold discoveries and announced encouraging drill results from two new prospects. Our next major milestone is the release of the Banfora feasibility study results, which, as previously announced, is expected in August."

Teranga continues to invest strategically in its growth. The Company recently announced it was deploying an additional $10 million towards construction readiness at Banfora, and that it will increase its reserve development and exploration budget by $5 million to $20 million in 2017 to further test promising prospects at Sabodala and Golden Hill and to fast track infill drilling at Banfora.

"The second quarter was operationally strong with record second quarter production, putting us in good position to achieve our 2017 annual production outlook of between 205,000 and 225,000 ounces of gold and guidance for all-in sustaining costs, excluding non-cash inventory movements and amortized advanced royalty costs, of $900 to $975 per ounce(1)," stated Paul Chawrun, Chief Operating Officer. "Beyond solid operating performance at Sabodala, we are nearing completion of the Banfora feasibility study and a construction decision. A new Banfora mine in Burkina Faso is expected to increase company-wide production by more than 50 percent upon completion."

Financial Highlights (Three months ended June 30, 2017 vs three months ended June 30, 2016)

-Net income attributable to shareholders increased to $9.6 million, or $0.09 per share. -EBITDA(1) of $23.8 million decreased due to an increase in non-cash charges. -Cash flow from operations (before working capital adjustments) similar to prior year at $22.2 million. -Strong balance sheet maintained with cash and cash equivalents of $80.3 million.

Ollinho schrieb am 25.07.2017, 09:02 Uhr[/url]"]Teranga Gold Reports Golden Hill Drill Results, Including 6.08 g/t Gold Over 34 Metres at Nahiri Prospect

Initial drilling results at new Peksou prospect include 2.32 g/t Au over 36 metres and 1.43 g/t Au over 82 metres
TORONTO, July 24, 2017 (GLOBE NEWSWIRE) -- Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ) (ASX:TGZ) is pleased to announce that early-stage drilling continues to yield high-grade, near-surface oxide and deeper fresh-rock gold mineralization at its Golden Hill property in Burkina Faso, West Africa.
These most recent results comprise Phase 2 drill results at Ma and Nahiri, two new discoveries reported by the Company in April, as well as initial drilling results from two new targets, Peksou and Jackhammer Hill. All four prospects are located approximately 5 kilometres within a central point (see Figure 1 in Appendix 1). In addition to these results, assays are pending for 11 core holes from Ma and a total of 63 reverse circulation holes; 20 at Ma, 20 at Nahiri and 23 from a variety of targets in the Pourey-Peksou area.
Drilling returned excellent grades and widths at Ma, Nahiri and Peksou, including:
-- 9 m @ 4.04 g/t Au including 3 m @ 9.44 g/t Au (GHDD-040) at Ma

-- 34 m @ 6.08 g/t Au including 14 m @ 12.38 g/t Au (GHDD-026) at Nahiri

-- 36 m @ 2.32 g/t Au including 12 m @ 3.70 g/t Au (GHDD-003) at Peksou

-- 82 m @ 1.43 g/t Au including 11 m @ 2.55 g/t Au (GHDD-004) at Peksou
"We are very excited with our discoveries and extension of mineralization at Golden Hill within the highly prospective Houndé belt. Our early stage drilling has yielded excellent grades and widths displaying good continuity along trend and mineralization remains open along strike at all four of our priority prospects," said David Mallo, Teranga's Vice President, Exploration. "We are expecting results from eleven core holes and over 60 reverse circulation holes shortly which should further enhance our resource footprint. With an aggressive drilling program in place through the remainder of the year, we are targeting an initial resource estimation for Golden Hill in the coming quarters."
The Golden Hill property is comprised of three adjacent exploration permits covering 468km(2) located in southwest Burkina Faso in the central part of the Houndé Greenstone Belt. This belt hosts a number of high-grade gold discoveries, including the Siou, Yaramoko and Houndé deposits, the latter property being contiguous with Golden Hill. To the south of Golden Hill is another large land position where active exploration programs are well underway.
Teranga, through its acquisition of Gryphon Minerals Ltd., has an earn-in agreement on the Golden Hill property with Boss Resources Limited (ASX:BOE) pursuant to which Teranga, as the operator, can earn an 80 percent interest in the joint venture upon delivery of a feasibility study and the payment of AUD2.5 million.

...

>>> http://www.terangagold.com/English/investors/news/newsreleasedetails/2017/Teranga-Gold-Reports-Golden-Hill-Drill-Results-Including-608-gt-Gold-Over-34-Metres-at-Nahiri-Prospect/default.aspx

greenhorn schrieb am 24.07.2017, 14:29 Uhr[/url]"]TGZ - Teranga Gold
6:00 AM EDT Teranga Gold to Attend 2017 Sprott Natural Resource Symposium in Vancouver

greenhorn schrieb am 19.07.2017, 13:52 Uhr[/url]"]TGZ - Teranga Gold.....man platzt bei denen endlich mal der Kursknoten

July 19, 2017 06:00 ET
Teranga Gold Increases Sabodala's Reserve Base to 2.7 Million Ounces: Adds More Than 400,000 Ounces of Gold and Improves Five-Year Production and Cash Flow Profile

Sabodala expected to produce 200,000+ open pit ounces annually through 2022

http://www.marketwired.com/press-re...ces-adds-more-than-400000-tsx-tgz-2226698.htm

TORONTO, ONTARIO--(Marketwired - July 19, 2017) -

(All amounts are in U.S. dollars unless otherwise stated)

Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ)(ASX:TGZ) is pleased to announce that as at June 30, 2017 the Company's proven and probable reserves ("P&P reserves") at its Sabodala gold operation in Senegal increased to 2.7 million ounces of gold representing an increase of more than 400,000 ounces over the previous mineral reserves estimate.

Highlights of the Mid-Year 2017 Sabodala Update

Increases open pit reserves by over 400,000 ounces, more than replacing reserves depleted from production since the December 31, 2015 Sabodala update
Significantly improves mine plan with gold production expected to exceed 1 million ounces in total over the next five years, or a minimum of 200,000 ounces per year through 2022(1)
Continuing multi-year drilling program intended to further define near surface resources and reserves on the prospective Niakafiri trend
Defers underground production until at least 2023

"The majority of the new reserves come from Niakafiri, which is located less than five kilometres from the Sabodala process plant. Niakafiri remains a highly prospective area on our mine license and we have a multi-year drill program designed to continue identifying resources and reserves," stated Richard Young, President and Chief Executive Officer. "This organic growth improves our five-year production and cash flow profile as we re-sequence the Sabodala mine plan to bring forward the development of the Niakafiri open pit deposit and defer underground development."

Added Mr. Young, "With annual gold production of at least 200,000 ounces per year through 2022, our flagship Sabodala operation is expected to provide significant cash flow to fund our long-term growth plans."

 

[Sltrader]

Guten Morgen

 

[Sltrader]

Ausbruch SK bei 0,43 CAD

Sltrader schrieb am 10.08.2017, 18:08 Uhr[/url]"]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.

 

[marcovich]

Hat keiner einen Ansatz? Guten Morgen

marcovich schrieb am 30.08.2017, 15:47 Uhr[/url]"]Frage in die Runde:

wie kann ich mir aus einem kalkulierten NPV (net present value) eines Minenprojekts,
bspw. 1,5 Mrd NPV eine Bewertung rausziehen für die MCap ..?

Bezieht sich auf Alkane: Vorkommen sind da, alle Genehmigungen sind da, fehlt "nur" noch eine Finanzierung. Die aktuelle MCap berücksichtigt das Projekt meiner Meinung nach garnicht, trotz einem NPV von ~ 1,5 Mrd.

 

[greenhorn]

Guten Morgen!

14:30 - ! US Erstanträge Arbeitslosenhilfe (Woche)
• 16:00 - ! US Anstehende Hausverkäufe Juli
• 16:30 - ! US EIA Erdgasbericht (Woche)

 

[greenhorn]

das ist auch äußerst schwierig - zum einen gibt es als Anhaltspunkte das nachgewiesene Vorkommen und dann die ganzen Studien......Machbarkeit etc.; für die Bewertung des Rohstoffvorkommens gibt es m.M.n. je nachdem in welchen Stadium der Exploration du dich befindest, einen (mit Abschlag) theoretischen Preis.
Bspw. eine Unze Gold ist am Ende des Explorationszykluses höher bewertet als am Anfang.
dagegen steht dann die Finanzierung des Ganzen - und erst wenn die Produktion wirklich läuft und Geld verdient wird kann man mit "harten" Zahlen rechnen.
Davor ist vieles Annahme und Marktsituation.
wenn du ein Projekt hast mit hohem Vorkommen, leicht abzubauen und in sicheren Gefilden, dazu ist der entsprechende Rohstoff gerade auch gefragt dann ist die Bewertung höher, als wenn einer der Parameter nach unten zeigt.
ich hoffe das war jetzt nicht ganz so vorbei am Thema........

marcovich schrieb am 31.08.2017, 08:31 Uhr[/url]"]Hat keiner einen Ansatz? Guten Morgen

marcovich schrieb am 30.08.2017, 15:47 Uhr[/url]"]Frage in die Runde:

wie kann ich mir aus einem kalkulierten NPV (net present value) eines Minenprojekts,
bspw. 1,5 Mrd NPV eine Bewertung rausziehen für die MCap ..?

Bezieht sich auf Alkane: Vorkommen sind da, alle Genehmigungen sind da, fehlt "nur" noch eine Finanzierung. Die aktuelle MCap berücksichtigt das Projekt meiner Meinung nach garnicht, trotz einem NPV von ~ 1,5 Mrd.

 

[marcovich]

Orocobre mit Zahlen, 12% up, sieht gut aus ..
Galaxy gestern mit guten Zahlen, auch up,
könnte positiv für den ganzen Lithium Sector sein ..
bin nur noch in NMX drin

31 August 2017
Orocobre delivers record full year profit and strengthens growth plans
• Maiden full year net profit after tax of US$19.4M1
(including benefits of asset sales and
Borax impairment)
• Driven by record production of 11,862 tonnes of lithium carbonate
• Available group cash of US$51.6 million
• Growth plans progressing for Olaroz Phase 2 and lithium hydroxide plant
Orocobre Limited (ORE:ASX, ORL:TSX) (Orocobre) today released financial results for the year ended 30 June
2017 (FY17).


Orocobre Group results for the year to 30 June 2017:
• First full financial year in commercial production at Olaroz Lithium Facility
• Reported profit of US$19.4 million impacted by impairment of Borax Argentina of US$8.1 million, and
sale of assets of US$14.8 million (FY16: loss of US$22 million)
• Strong balance sheet with available cash at 30 June 2017 of US$51.6 million, up from US$30.6 million
as at 31 March 2017 and up 42% on FY16 following generation of US$23.9 million cash from release of
standby letters of credit
• Sale of a suite of exploration assets to Advantage Lithium Corp (TSV: AAL) in exchange for 35% of the
issued shares in AAL and 2,550,000 warrants exercisable at C$1 (AAL trading at C$0.38 at 30 June 2017)
• Sale of exploration tenure at Salinas Grandes to LSC Lithium Ltd for US$4 million with a further US$3
million to be paid (US$2.7 million on a discounted basis) in three annual tranches and acquisition of
three properties adjacent to Olaroz covering approximately 3,821 hectares

Olaroz Lithium Facility, Argentina (ORE share 66.5%) – Results FY17
• Total production of 11,862 tonnes of lithium carbonate, up 72% on FY16
• Total sales revenue of US$120 million, up from US$15 million (2 months) in FY16
• EBITDAIX of US$71.2 million, up from US$7.8 million (2 months) in FY16
• Sales of 12,296 tonnes of lithium carbonate at an average price received of US$9,763/tonne
• Reinforced position as one of the lowest cost producers with gross operating margins of 62% with
lithium production costs at US$3,710/tonne
• Receipt of VAT refunds of approximately US$23.5 million with remaining VAT refund entitlements of
US$20 million on an undiscounted basis
• FY18 production guidance of approximately 14,000 tonnes of lithium carbonate, split 45/55 between
the first half and second half of the year

 

[greenhorn]

ORL - wird auch mit ordentlich Aufschlag hier getaxt