Heute stehen keine weiteren Termine an. » zu den Börsenterminen von morgen Das Team von peketec.de wünscht allen Tradern und Investoren einen schönen Feierabend :-)
: die vola ist kleiner geworden, die tageskerzen zusammengeschnurrt. der markt bewegt sich auf eine entscheidung zu: ausbruch or not. das th liegt erneut oberhalb der nicht unwichtigen marke von 1200 $ (1204.30 $ und bereits öfters angegangen). ich bleibe zunächst an der seitenlinie stehen. für einen long-trade ist mir der future, trotz allen unkenrufen, schon zu weit gelaufen. das crv nicht lukrativ. ich spekuliere eher auf einen schönen short-swing, der sich aber erst unterhalb von nachhaltigen 1150 $ entfalten sollte.
-bären sind wohl wirklich im winterschlaf, auch wenn die temperaturen nicht so ganz passen. echte short-lagen und -gefühle kommen nicht auf. das motto "buy the dips" hat weiterhin bestand und führen den mar-19-future auf ein th von 1203.30 $. aber ich sagte ja, erst einmal beobachten auf der "general watchlist" ...
ist ja ein stückchen. vorgestern erst einmal mit neuem ath im future bei 1210.20 $, entpuppt sich die chause als feiner long-fake. heute nun ein schöner abverkauf vom th bei 1191.00 $ zum tt von 1156.00 $.
kommt auf die allgemeine short-watchlist. der extrem starke aufwärtstrend führte das metall auf neue höchststände. gestern wurde das im dezember 2018 erreichte neue ath des mar-19-kontraktes bei 1199.00 $ auf den cent genau getestet und bestätigt, aber genauso umgehend abverkauft (kurs aktuell nahe dem tt von 1170 $). der aufwärtstrend ist zwar weiterhin intakt, ich könnte mir aber vorstellen, dass auch kurzfristig eine deutlichere korrektur zunächst bis in die zone um 1050 $ einsetzen könnte. die vk-signale auf tagesbasis fehlen noch, aber die aufnahme auf die short-wl ist m.e. schon mal gerechtfertigt.
Hinweis gem. §34b WpHG zur Begründung möglicher Interessenskonflikte:
Der Verfasser von o.g. Beitrag kann Short- und/oder Long-Positionen in den behandelten Werten halten!
lache nie über die dummheit der anderen. sie kann deine chance sein ! winston churchill
Rainy River Achieves Revised Annual Guidance
New Afton Exceeds Annual Guidance
TORONTO, Jan. 8, 2019 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) reports strong fourth quarter operating results from the Rainy River and New Afton Mines, with Rainy River achieving annual revised gold production guidance and New Afton exceeding annual gold production guidance as well as achieving the high end of annual copper production guidance. (All amounts are in US dollars unless otherwise indicated.)
Fourth Quarter and Recent Operational Highlights
Total gold production for the quarter was 110,559 ounces and 455,448 ounces for the year, including 97,428 ounces and 315,483 ounces, respectively, from continuing operations1.
The Rainy River Mine reported best ever quarterly gold production of 77,202 ounces, a 39% increase over the prior quarter. The stronger operational performance achieved in September continued into the fourth quarter with the last four months of the year contributing 45% of the 227,284 ounces produced for the year, achieving revised annual guidance.
The New Afton Mine delivered another solid quarter with gold production of 18,778 ounces, contributing to annual production of 77,329 ounces, which exceeded the high end of annual guidance. New Afton produced 20.8 million pounds of copper for the quarter and 85.1 million pounds for the year, achieving the high end of annual guidance.
During the quarter, mine closure activities continued at the Cerro San Pedro Mine and 1,448 gold ounces were recovered from residual leaching of the heap leach pads.
Consistent with the renewed vision of repositioning the Rainy River Mine for long-term success, the Company has adopted a disciplined approach to capital allocation as well as mine life optimization. Accordingly, management has deferred the 2019 underground mine development plan to 2020. During 2019, the Company will launch a comprehensive review that includes alternative underground mining scenarios with the overall objective of reducing capital and improving the return on investment for the underground portion of the life of mine. Further details will be provided in the 2019 guidance press release, scheduled for release in the second half of January.
An internally funded development strategy for the New Afton C-zone has been launched, which will extend mine life to 2030 with robust economics. Further details will be provided in the 2019 guidance press release, scheduled for release in the second half of January.
"We are pleased to report a strong fourth quarter at both Rainy River and New Afton. It is encouraging to see the improvement in overall performance achieved at Rainy River in the final four months of the year. This marks a pivotal turning point for Rainy River as we reposition the asset for long-term success. The stronger production delivered during these months allowed the operation to comfortably meet revised annual production guidance. The New Afton Mine reported solid quarter-over-quarter results throughout the year and exceeded annual gold production guidance while meeting the high end of annual copper production guidance," stated Renaud Adams, CEO. "We begin 2019 on a positive note and we expect to build on the successes achieved at Rainy River in 2019 with a disciplined strategy of driving operational and cost efficiencies throughout the operation. It is with a renewed commitment that we have relaunched a development strategy for the New Afton C-zone which will significantly extend the mine life of this core asset and unlock its long-term value potential. We look forward to delivering positive results from both our core assets to create sustainable shareholder value."
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Troubadour Drill Program Update at the Copper, Molybdenum, Gold Amarillo Project, Southwestern B.C. https://www.stockwatch.com/News/Ite....mp;symbol=TR®ion=C
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2019) - TROUBADOUR RESOURCES INC. (TSXV: TR) (the "Company") is pleased to provide an update on the Company's maiden drill program at its 100% owned Amarillo Project located approximately 30 kilometres west of the town of Peachland, British Columbia.Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
VANCOUVER, Jan. 8, 2019 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that its inaugural diamond sale through Clara Diamond Solutions, its 100% owned digital sales platform, was successfully launched on Friday, November 30 and final matching was completed on December 16, 2018. A total of seven manufacturers participated in the sale, five of whom matched and received their orders. All told, diamonds successfully matched to orders generated revenue of US$660,865, achieving +8% over Lucara's market price and +15% over Lucara's reserve price for these goods. Goods of approximately similar value have been set aside for the next sale, scheduled to take place later this month. Diamonds will be added onto the platform in the coming weeks gradually, as additional manufacturers are on-boarded and in response to increasing variety and size of orders received. In time, as supply and demand is optimized, Lucara will progress into continuous sales of appropriate, qualifying goods through Clara. Further, Lucara will continue to augment its overall sales strategy through a combination of Clara and its regular tender process.
Eira Thomas, CEO commented: "This trial sale marks a momentous milestone for Clara. On November 30, Clara successfully initiated its inaugural diamond sale with positive results, confirming that the platform is commercially viable. Though we are delighted with the prices achieved for the rough diamonds sold in this first sale, Clara's longer-term value will be realized through its' scalability, increasing the volume of rough diamonds transacted by adding production from other global diamond producers. Onboarding of additional manufacturers is continuing and Lucara is in active discussion with a number of leading diamond producers who are also interested in trialing the platform in 2019. We want to thank all of our partners for their enthusiasm and commitment to the trial, and for embracing the opportunity to innovate and modernize the diamond sales process to increase consumer confidence and unlock value for all participants in the value chain."
This first trial sale, which was conducted in partnership with a select group of large vertically integrated jewelry houses and global diamond manufacturers was designed to demonstrate that Clara can unlock significant value throughout the diamond pipeline, by facilitating rough diamond sales on a stone by stone basis, based on specific polished demand. Clara will utilize the results of this inaugural sale to help optimize the quantity and selection of rough diamonds offered in the short term, as the platform moves into continuous sales and more participants are on-boarded.
How does Clara work?
Clara uses proprietary analytics, with the latest cloud and blockchain technologies, to sell rough diamonds individually, based on polished characteristics and demand, transforming the sales process, driving efficiencies and unlocking value for diamond producers and manufacturers alike.
Under an exclusive collaboration agreement with Sarine Technologies, a digital fingerprint of each rough diamond is created and uploaded to the Clara platform with a corresponding asking price. Simultaneously, diamond buyers upload their specific polished diamond requirements in terms of size, cut, color and quality, including their desired purchase price, creating an 'order' within Clara. Clara uses proprietary analytics to match individual, scanned rough diamonds to the buyers' optimal polished requirements. Clara earns the differential between the asking price and purchase price of each match as its revenue and requires a minimum transaction spread to facilitate an optimal match.
Inaugural Sale Commenced November 30
The selection of rough diamonds offered in Clara's first sale included diamonds between 1 and 4 carats in size in the better colors and qualities from Lucara's Karowe mine as well as additional aggregated third-party rough. Seven vertically integrated jewelry and global diamond manufacturers placed their polished diamond orders on Clara and Clara completed its first digital matching cycle on December 16 with positive results. The initial sale limited the number of manufacturers to ensure that each participant had a high likelihood of matching orders and receiving stones so feedback could be easily incorporated and monitored.
Data collected from this sale will also provide key metrics to demonstrate the premium Clara can obtain over historical tenders and for rough purchased through long term supply contracts. In co-operation with our manufacturing partners, Clara will analyze both qualitative and quantitative feedback about their experiences as purchasers, at the time of sale and following delivery of the diamonds purchased. Additional feedback is anticipated as diamonds move through the diamond pipeline into manufacturing and ultimately final retail sale. This test has confirmed that the platform is now ready and has the capacity to on-board additional manufacturers in the short term.
Benefits of Clara
Eliminates diamond sales by assortments; facilitates diamond sales "stone by stone" achieving best possible pricing for producers
Manufacturers purchase only the diamonds they want, eliminating the need to re-trade and finance unwanted inventories, achieving higher margins
Continuous sales versus fixed sales cycles, smooths out revenue streams
Clara is integrated with blockchain technology, so every rough diamond is tracked with a secure and immutable record of its origins and ownership, providing peace of mind for consumers
Next Steps
This inaugural trial has demonstrated that the platform works as intended and further confirms that it is now ready and has the capacity to on-board additional manufacturers in the short term. Further, Clara continues to receive expressions of interest from both manufacturers and producers alike, and growth in both volume of orders and supply is expected over the coming months as the platform moves into continuous sales. A second sale on the platform is planned for later in January and thereafter, a steady ramp up in sales through Clara is anticipated in 2019. Lucara will be reporting sales through Clara quarterly, along with additional guidance, once the platform has moved into continuous sales. Lucara will continue to optimize its sales strategy through a combination of Clara and its regular tender process.
For further information about the platform please visit www.claradiamonds.ca, where you will find a link to the Clara video.
Lucara Diamond Corp. has provided operating guidance for 2019 (all amounts in U.S. dollars unless otherwise stated).
2019 HIGHLIGHTS
Revenue is forecast to be between $170 million and $200 million; An annual dividend of Canadian $0.10 per share is expected to be paid quarterly; Karowe 2019 operating cash costs are forecast to be between $32.00 - $37.00 per tonne processed, significantly lower than in 2018, where the operating cash cost per tonne processed is expected to be between $38.00 and $42.00 (consistent with prior guidance). Operating cash costs, excluding waste mining, are expected to be between $21.00 and $24.00 per tonne processed, with the significant push back to access the higher-grade South Lobe ore substantially complete in the first half of 2019; Ore mining and tonnes processed are expected to be between 2.5 million and 2.8 million tonnes, matching 2018's record mill throughput; Waste mining is expected to be between 6.0 million and 9.0 million tonnes, down significantly from 2018 levels; The completion of a Feasibility Study for underground mine advancement is a key focus for this year, with a 2019 budget of $14.8 million to complete geotechnical and hydrogeological drilling programs, economic and other studies which started in 2018.
Eira Thomas, President & CEO commented: "Having stabilized and significantly improved our mining operations at Karowe in 2018, Lucara is now focused on optimizing the base business and pursuing a suite of high potential, organic growth opportunities. The completion of a feasibility study examining the potential for underground production and Life of Mine expansion at Karowe from 2026 until at least 2036, remains a top priority for 2019. In addition, we will continue to systematically ramp up diamond sales through Clara, our transformational, proprietary digital sales platform that successfully completed its first trial sale in December 2018." She further communicated that, "Our focus at Karowe in 2019 will be on driving operational efficiencies, increased productivity and cost control, and maximizing cash flow. The waste stripping bottleneck is now behind us and we expect stripping ratios to steadily improve towards the end of the calendar year, enabling improved access to high value, south lobe ore."
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Rainy River Achieves Revised Annual Guidance
New Afton Exceeds Annual Guidance
TORONTO, Jan. 8, 2019 /CNW/ - New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) reports strong fourth quarter operating results from the Rainy River and New Afton Mines, with Rainy River achieving annual revised gold production guidance and New Afton exceeding annual gold production guidance as well as achieving the high end of annual copper production guidance. (All amounts are in US dollars unless otherwise indicated.)
Fourth Quarter and Recent Operational Highlights
Total gold production for the quarter was 110,559 ounces and 455,448 ounces for the year, including 97,428 ounces and 315,483 ounces, respectively, from continuing operations1.
The Rainy River Mine reported best ever quarterly gold production of 77,202 ounces, a 39% increase over the prior quarter. The stronger operational performance achieved in September continued into the fourth quarter with the last four months of the year contributing 45% of the 227,284 ounces produced for the year, achieving revised annual guidance.
The New Afton Mine delivered another solid quarter with gold production of 18,778 ounces, contributing to annual production of 77,329 ounces, which exceeded the high end of annual guidance. New Afton produced 20.8 million pounds of copper for the quarter and 85.1 million pounds for the year, achieving the high end of annual guidance.
During the quarter, mine closure activities continued at the Cerro San Pedro Mine and 1,448 gold ounces were recovered from residual leaching of the heap leach pads.
Consistent with the renewed vision of repositioning the Rainy River Mine for long-term success, the Company has adopted a disciplined approach to capital allocation as well as mine life optimization. Accordingly, management has deferred the 2019 underground mine development plan to 2020. During 2019, the Company will launch a comprehensive review that includes alternative underground mining scenarios with the overall objective of reducing capital and improving the return on investment for the underground portion of the life of mine. Further details will be provided in the 2019 guidance press release, scheduled for release in the second half of January.
An internally funded development strategy for the New Afton C-zone has been launched, which will extend mine life to 2030 with robust economics. Further details will be provided in the 2019 guidance press release, scheduled for release in the second half of January.
"We are pleased to report a strong fourth quarter at both Rainy River and New Afton. It is encouraging to see the improvement in overall performance achieved at Rainy River in the final four months of the year. This marks a pivotal turning point for Rainy River as we reposition the asset for long-term success. The stronger production delivered during these months allowed the operation to comfortably meet revised annual production guidance. The New Afton Mine reported solid quarter-over-quarter results throughout the year and exceeded annual gold production guidance while meeting the high end of annual copper production guidance," stated Renaud Adams, CEO. "We begin 2019 on a positive note and we expect to build on the successes achieved at Rainy River in 2019 with a disciplined strategy of driving operational and cost efficiencies throughout the operation. It is with a renewed commitment that we have relaunched a development strategy for the New Afton C-zone which will significantly extend the mine life of this core asset and unlock its long-term value potential. We look forward to delivering positive results from both our core assets to create sustainable shareholder value."
gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
von mir aus darf der Henkel etwas höher anfangenMarantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Westhaven completes airborne geophysics at 2 properties
2019-01-09 09:37 ET - News Release
Mr. Gareth Thomas reports
WESTHAVEN COMPLETES AIRBORNE GEOPHYSICS ON ITS SKOONKA AND SKOONKA NORTH GOLD PROPERTIES
Westhaven Ventures Inc. has completed airborne geophysics across its 2,784-hectare Skoonka and 6,167-hectare Skoonka North gold properties located within the prospective Spences Bridge gold belt (SBGB).
In November, 2018, a helicopter-borne, high-resolution aeromagnetic survey was completed over both properties, which covered a combined 8,951 hectares. The survey block was flown in a systematic low-level grid pattern at 75-metre line spacing over the Skoonka property and 100-metre line spacing over the Skoonka North property for a total of 1,186 line kilometres. The purpose of these programs is to increase property coverage and to help uncover favourable structures. It is important to determine structural controls that may be associated with zones of gold-silver mineralized veins.
Skoonka gold property
In 2017, Westhaven Ventures completed soil sampling, rock sampling and prospecting, which uncovered anomalous pathfinder geochemistry that suggests the possible continuation of the JJ vein zone to the southwest in a down-dropped fault block that has preserved the upper portions of a system anomalous in mercury, antimony and arsenic. These high-level pathfinders are coincident and on trend with an airborne magnetic low of similar strike as the JJ vein zone to the northeast. Quartz float and outcrop found during 2017 prospecting and soil sampling at JJ West further enhances the strength of this target, where Strongbow Exploration drilled 20.2 grams per tonne gold over 12.8 metres in 2005.
Skoonka North gold property
The Skoonka North claims encompass the highest gold-in-silt samples on the SBGB, including 594 parts per billion, 383.7 parts per billion and 131.3 parts per billion gold. The claims have seen limited exploration work and have yet to be drill tested. The airborne geophysics survey was successful in outlining multiple linear magnetic lows. Several of these magnetic low signatures occur within the anomalous gold catchment basins.
The Spences Bridge gold belt
Westhaven Ventures owns a 100-per-cent interest in four properties covering over 35,000 hectares within the prospective SBGB, which is situated within a geological setting like those which host other significant epithermal gold-silver systems. It is close to major transportation routes and infrastructure, allowing for cost-effective exploration. The SBGB is a 110-kilometre, northwest-trending belt of intermediate-to-felsic volcanic rocks dominated by the Cretaceous Spences Bridge group. Sable Resources and Westhaven Ventures have a combined control of 86 per cent of the SBGB (225,000 hectares). Any ground staked by Sable Resources within five kilometres of Westhaven Ventures' existing projects is subject to a 2.5-per-cent net smelter return royalty. In addition, Westhaven Ventures has a 30-day right of first refusal on any properties outside this five-kilometre radius.
About Westhaven Ventures Inc.
Westhaven Ventures is a Canadian-based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven Ventures is focused on advancing its Shovelnose, Prospect Valley, Skoonka and Skoonka North gold projects in British Columbia.
Qualified person statement
Peter Fischl, PGeo, a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this release.
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Zuletzt bearbeitet von greenhorn am 10.01.2019, 11:19, insgesamt einmal bearbeitet
Guten Morgen! Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
VANCOUVER, Jan. 8, 2019 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that its inaugural diamond sale through Clara Diamond Solutions, its 100% owned digital sales platform, was successfully launched on Friday, November 30 and final matching was completed on December 16, 2018. A total of seven manufacturers participated in the sale, five of whom matched and received their orders. All told, diamonds successfully matched to orders generated revenue of US$660,865, achieving +8% over Lucara's market price and +15% over Lucara's reserve price for these goods. Goods of approximately similar value have been set aside for the next sale, scheduled to take place later this month. Diamonds will be added onto the platform in the coming weeks gradually, as additional manufacturers are on-boarded and in response to increasing variety and size of orders received. In time, as supply and demand is optimized, Lucara will progress into continuous sales of appropriate, qualifying goods through Clara. Further, Lucara will continue to augment its overall sales strategy through a combination of Clara and its regular tender process.
[...]
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
TV-Trevali , im Moment Bodenbildung mit Hang nach Erholung, die letzten Tage gutes Volumen - ob das alleine die Aktienrückkäufe sind kann ich nicht beurteilen
TV - Trevali Mining, kleines Sorgenkind nach Höhenflug..........aber sie arbeiten hart an der Rückkehr in grüne Gefilde.......denke die packen es.......aber das ist nur meine persönliche Meinung
Trevali Mining Corp. has released its financial results for the three and nine months ended Sept. 30, 2018, and intends to launch a normal course issuer bid. Third quarter ("Q3") net loss was $30.8 million ($0.04 per share) and EBITDA1 was a $22.4 million loss on net revenues of $30.5 million. All financial figures are in U.S. dollars.
Summary:
Zinc production of 101.6 million pounds of payable zinc compared to 103.9 million pounds of payable zinc during the previous 3 months at a C1 cash cost1 of $0.72 per pound, in line with annual guidance.
Net loss of $30.8 million or $0.04 per share and adjusted EBITDA1 of negative $21.1 million due to lower sales from the African business units as a result of an inventory build up, coupled with lower commodity prices impacting open sales invoicing from previous quarters. The decline in metal prices during the quarter resulted in a negative provisional pricing adjustment of $42.6 million compared to $0.8 million for the three months ended September 30, 2017. Inventory build up is expected to be reduced and reflected in fourth quarter sales. Should the sales have been made in September, Q3 earnings would have benefited by $0.01/share and EBITDA by approximately $11 million.
Maintained strong working capital position of $175.4 million as of September 30, 2018 ($144.4 million at December 31, 2017) and net debt1 and total debt of $61.7 million and $154.8 million, respectively ($66.4 million and $160.6 million at December 31, 2017).
Entered into an amended and restated credit agreement with a syndicate of lenders for a new $275.0 million Revolving Credit Facility, resulting in reduced interest payments and affording the Company the flexibility to repay debt without compromising total available liquidity.
On October 22, 2018, the Company announced updated 2018 guidance for the Caribou Mine, with zinc production guidance reduced to 70 to 75 million pounds (from 86 to 90 million pounds) due to localized adverse ground conditions.
At Perkoa, the mine's 2018 zinc production guidance is raised to 172 to 180 million pounds payable metal, from 164 to 174 million pounds.
The Company continues to expect original annual production and operational costs guidance to be achieved.
This news release should be read in conjunction with Trevali's unaudited condensed consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2018, which is available on Trevali's website and on SEDAR at www.sedar.com. Certain financial information is reported herein using non-IFRS measures. Please refer to "Use of Non-IFRS Financial Performance Measures" below.
"Clearly Q3 was a challenging quarter from an African logistics and commodity price volatility perspective. Namibian shipments occurred immediately post quarter, we continue to focus on Perkoa concentrate haulage, commodity prices are currently stable and the macro zinc price environment remains constructive" stated Dr. Mark Cruise, Trevali's President and Chief Executive Officer. "Operationally, Caribou's guidance was adjusted downwards to allow the site to focus on increasing development to provide additional mine flexibility going forward. This was largely offset by another stellar production quarter from Perkoa, with the net result that the Company remains on track to achieve annual production guidance."
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
The Globe and Mail reports in its Thursday, Jan. 10, edition that expecting to see an improved outlook for TSX-listed base metals miners in 2019, BMO Nesbitt Burns analyst Jackie Przybylowski commenced coverage on Trevali Mining (43.5 cents) with an "outperform" rating and a share target of 80 cents. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $110. Ms. Przybylowski says in a note: "Trevali has suffered from issues around operational execution and missed expectations. This, coupled with lack of confidence in the zinc market in general, has eroded investors' confidence in management and resulted in a material underperformance in Trevali's share price in 2018. In our view, the sell-off is now overdone. Trevali now represents one of the best value stocks in our coverage universe." The Globe reported on June 12, 2018, that RBC Dominion Securities analyst Sam Crittenden rated Trevali "outperform" in new coverage. Mr. Crittenden set a share target of $1.75. He said Trevali's valuation was "attractive" in comparison with North American base metal peers. Trevali shares could then be had for $1.16.
TV-Trevali , im Moment Bodenbildung mit Hang nach Erholung, die letzten Tage gutes Volumen - ob das alleine die Aktienrückkäufe sind kann ich nicht beurteilen
TV - Trevali Mining, kleines Sorgenkind nach Höhenflug..........aber sie arbeiten hart an der Rückkehr in grüne Gefilde.......denke die packen es.......aber das ist nur meine persönliche Meinung
Trevali Mining Corp. has released its financial results for the three and nine months ended Sept. 30, 2018, and intends to launch a normal course issuer bid. Third quarter ("Q3") net loss was $30.8 million ($0.04 per share) and EBITDA1 was a $22.4 million loss on net revenues of $30.5 million. All financial figures are in U.S. dollars.
Summary:
Zinc production of 101.6 million pounds of payable zinc compared to 103.9 million pounds of payable zinc during the previous 3 months at a C1 cash cost1 of $0.72 per pound, in line with annual guidance.
Net loss of $30.8 million or $0.04 per share and adjusted EBITDA1 of negative $21.1 million due to lower sales from the African business units as a result of an inventory build up, coupled with lower commodity prices impacting open sales invoicing from previous quarters. The decline in metal prices during the quarter resulted in a negative provisional pricing adjustment of $42.6 million compared to $0.8 million for the three months ended September 30, 2017. Inventory build up is expected to be reduced and reflected in fourth quarter sales. Should the sales have been made in September, Q3 earnings would have benefited by $0.01/share and EBITDA by approximately $11 million.
Maintained strong working capital position of $175.4 million as of September 30, 2018 ($144.4 million at December 31, 2017) and net debt1 and total debt of $61.7 million and $154.8 million, respectively ($66.4 million and $160.6 million at December 31, 2017).
Entered into an amended and restated credit agreement with a syndicate of lenders for a new $275.0 million Revolving Credit Facility, resulting in reduced interest payments and affording the Company the flexibility to repay debt without compromising total available liquidity.
On October 22, 2018, the Company announced updated 2018 guidance for the Caribou Mine, with zinc production guidance reduced to 70 to 75 million pounds (from 86 to 90 million pounds) due to localized adverse ground conditions.
At Perkoa, the mine's 2018 zinc production guidance is raised to 172 to 180 million pounds payable metal, from 164 to 174 million pounds.
The Company continues to expect original annual production and operational costs guidance to be achieved.
This news release should be read in conjunction with Trevali's unaudited condensed consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2018, which is available on Trevali's website and on SEDAR at www.sedar.com. Certain financial information is reported herein using non-IFRS measures. Please refer to "Use of Non-IFRS Financial Performance Measures" below.
"Clearly Q3 was a challenging quarter from an African logistics and commodity price volatility perspective. Namibian shipments occurred immediately post quarter, we continue to focus on Perkoa concentrate haulage, commodity prices are currently stable and the macro zinc price environment remains constructive" stated Dr. Mark Cruise, Trevali's President and Chief Executive Officer. "Operationally, Caribou's guidance was adjusted downwards to allow the site to focus on increasing development to provide additional mine flexibility going forward. This was largely offset by another stellar production quarter from Perkoa, with the net result that the Company remains on track to achieve annual production guidance."
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
VANCOUVER, Jan. 10, 2019 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 127 carat, top white gem diamond, from its 100% owned Karowe Diamond mine located in Botswana (Picture attached). Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone. That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered in 2018. In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. View PDF version.
Eira Thomas, CEO commented: "The recovery of this latest, high value, top white 127 carat diamond attests to the remarkable nature of the Karowe orebody, which has consistently delivered large, high value diamonds throughout its history. 2018 was a banner year, having recovered a record number of Specials (diamonds >10.8 carats in size) and in 2019, mining will be largely focused on the high value south lobe, including contributions from the newly refined EMPKS unit which is now understood to be the source of both the historic 1109 carat Lesedi la Rona and the 813 carat Constellation, which sold for a record US$63.1 million. The Karowe Diamond mine currently boasts open pit reserves of 2.6 million carats extending out to 2026 and is in the process of completing a feasibility study that could expand mining underground to 2036 and beyond."
VANCOUVER, Jan. 8, 2019 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that its inaugural diamond sale through Clara Diamond Solutions, its 100% owned digital sales platform, was successfully launched on Friday, November 30 and final matching was completed on December 16, 2018. A total of seven manufacturers participated in the sale, five of whom matched and received their orders. All told, diamonds successfully matched to orders generated revenue of US$660,865, achieving +8% over Lucara's market price and +15% over Lucara's reserve price for these goods. Goods of approximately similar value have been set aside for the next sale, scheduled to take place later this month. Diamonds will be added onto the platform in the coming weeks gradually, as additional manufacturers are on-boarded and in response to increasing variety and size of orders received. In time, as supply and demand is optimized, Lucara will progress into continuous sales of appropriate, qualifying goods through Clara. Further, Lucara will continue to augment its overall sales strategy through a combination of Clara and its regular tender process.
Eira Thomas, CEO commented: "This trial sale marks a momentous milestone for Clara. On November 30, Clara successfully initiated its inaugural diamond sale with positive results, confirming that the platform is commercially viable. Though we are delighted with the prices achieved for the rough diamonds sold in this first sale, Clara's longer-term value will be realized through its' scalability, increasing the volume of rough diamonds transacted by adding production from other global diamond producers. Onboarding of additional manufacturers is continuing and Lucara is in active discussion with a number of leading diamond producers who are also interested in trialing the platform in 2019. We want to thank all of our partners for their enthusiasm and commitment to the trial, and for embracing the opportunity to innovate and modernize the diamond sales process to increase consumer confidence and unlock value for all participants in the value chain."
This first trial sale, which was conducted in partnership with a select group of large vertically integrated jewelry houses and global diamond manufacturers was designed to demonstrate that Clara can unlock significant value throughout the diamond pipeline, by facilitating rough diamond sales on a stone by stone basis, based on specific polished demand. Clara will utilize the results of this inaugural sale to help optimize the quantity and selection of rough diamonds offered in the short term, as the platform moves into continuous sales and more participants are on-boarded.
How does Clara work?
Clara uses proprietary analytics, with the latest cloud and blockchain technologies, to sell rough diamonds individually, based on polished characteristics and demand, transforming the sales process, driving efficiencies and unlocking value for diamond producers and manufacturers alike.
Under an exclusive collaboration agreement with Sarine Technologies, a digital fingerprint of each rough diamond is created and uploaded to the Clara platform with a corresponding asking price. Simultaneously, diamond buyers upload their specific polished diamond requirements in terms of size, cut, color and quality, including their desired purchase price, creating an 'order' within Clara. Clara uses proprietary analytics to match individual, scanned rough diamonds to the buyers' optimal polished requirements. Clara earns the differential between the asking price and purchase price of each match as its revenue and requires a minimum transaction spread to facilitate an optimal match.
Inaugural Sale Commenced November 30
The selection of rough diamonds offered in Clara's first sale included diamonds between 1 and 4 carats in size in the better colors and qualities from Lucara's Karowe mine as well as additional aggregated third-party rough. Seven vertically integrated jewelry and global diamond manufacturers placed their polished diamond orders on Clara and Clara completed its first digital matching cycle on December 16 with positive results. The initial sale limited the number of manufacturers to ensure that each participant had a high likelihood of matching orders and receiving stones so feedback could be easily incorporated and monitored.
Data collected from this sale will also provide key metrics to demonstrate the premium Clara can obtain over historical tenders and for rough purchased through long term supply contracts. In co-operation with our manufacturing partners, Clara will analyze both qualitative and quantitative feedback about their experiences as purchasers, at the time of sale and following delivery of the diamonds purchased. Additional feedback is anticipated as diamonds move through the diamond pipeline into manufacturing and ultimately final retail sale. This test has confirmed that the platform is now ready and has the capacity to on-board additional manufacturers in the short term.
Benefits of Clara
Eliminates diamond sales by assortments; facilitates diamond sales "stone by stone" achieving best possible pricing for producers
Manufacturers purchase only the diamonds they want, eliminating the need to re-trade and finance unwanted inventories, achieving higher margins
Continuous sales versus fixed sales cycles, smooths out revenue streams
Clara is integrated with blockchain technology, so every rough diamond is tracked with a secure and immutable record of its origins and ownership, providing peace of mind for consumers
Next Steps
This inaugural trial has demonstrated that the platform works as intended and further confirms that it is now ready and has the capacity to on-board additional manufacturers in the short term. Further, Clara continues to receive expressions of interest from both manufacturers and producers alike, and growth in both volume of orders and supply is expected over the coming months as the platform moves into continuous sales. A second sale on the platform is planned for later in January and thereafter, a steady ramp up in sales through Clara is anticipated in 2019. Lucara will be reporting sales through Clara quarterly, along with additional guidance, once the platform has moved into continuous sales. Lucara will continue to optimize its sales strategy through a combination of Clara and its regular tender process.
For further information about the platform please visit www.claradiamonds.ca, where you will find a link to the Clara video.
Lucara Diamond Corp. has provided operating guidance for 2019 (all amounts in U.S. dollars unless otherwise stated).
2019 HIGHLIGHTS
Revenue is forecast to be between $170 million and $200 million; An annual dividend of Canadian $0.10 per share is expected to be paid quarterly; Karowe 2019 operating cash costs are forecast to be between $32.00 - $37.00 per tonne processed, significantly lower than in 2018, where the operating cash cost per tonne processed is expected to be between $38.00 and $42.00 (consistent with prior guidance). Operating cash costs, excluding waste mining, are expected to be between $21.00 and $24.00 per tonne processed, with the significant push back to access the higher-grade South Lobe ore substantially complete in the first half of 2019; Ore mining and tonnes processed are expected to be between 2.5 million and 2.8 million tonnes, matching 2018's record mill throughput; Waste mining is expected to be between 6.0 million and 9.0 million tonnes, down significantly from 2018 levels; The completion of a Feasibility Study for underground mine advancement is a key focus for this year, with a 2019 budget of $14.8 million to complete geotechnical and hydrogeological drilling programs, economic and other studies which started in 2018.
Eira Thomas, President & CEO commented: "Having stabilized and significantly improved our mining operations at Karowe in 2018, Lucara is now focused on optimizing the base business and pursuing a suite of high potential, organic growth opportunities. The completion of a feasibility study examining the potential for underground production and Life of Mine expansion at Karowe from 2026 until at least 2036, remains a top priority for 2019. In addition, we will continue to systematically ramp up diamond sales through Clara, our transformational, proprietary digital sales platform that successfully completed its first trial sale in December 2018." She further communicated that, "Our focus at Karowe in 2019 will be on driving operational efficiencies, increased productivity and cost control, and maximizing cash flow. The waste stripping bottleneck is now behind us and we expect stripping ratios to steadily improve towards the end of the calendar year, enabling improved access to high value, south lobe ore."
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Guten Morgen! Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
: zieht seine bahn richtung norden unbeirrt weiter auf ein ath bei 1293.50 $. aus jetziger sicht besteht die chance auf ein zügiges erreichen einer zone von 1310 $ bis 1320 $. unterstützung findet der future (mar-19) um 1280 $. darunter wird die lage kurzfristig short-lastiger.
: die vola ist kleiner geworden, die tageskerzen zusammengeschnurrt. der markt bewegt sich auf eine entscheidung zu: ausbruch or not. das th liegt erneut oberhalb der nicht unwichtigen marke von 1200 $ (1204.30 $ und bereits öfters angegangen). ich bleibe zunächst an der seitenlinie stehen. für einen long-trade ist mir der future, trotz allen unkenrufen, schon zu weit gelaufen. das crv nicht lukrativ. ich spekuliere eher auf einen schönen short-swing, der sich aber erst unterhalb von nachhaltigen 1150 $ entfalten sollte.
-bären sind wohl wirklich im winterschlaf, auch wenn die temperaturen nicht so ganz passen. echte short-lagen und -gefühle kommen nicht auf. das motto "buy the dips" hat weiterhin bestand und führen den mar-19-future auf ein th von 1203.30 $. aber ich sagte ja, erst einmal beobachten auf der "general watchlist" ...
ist ja ein stückchen. vorgestern erst einmal mit neuem ath im future bei 1210.20 $, entpuppt sich die chause als feiner long-fake. heute nun ein schöner abverkauf vom th bei 1191.00 $ zum tt von 1156.00 $.
kommt auf die allgemeine short-watchlist. der extrem starke aufwärtstrend führte das metall auf neue höchststände. gestern wurde das im dezember 2018 erreichte neue ath des mar-19-kontraktes bei 1199.00 $ auf den cent genau getestet und bestätigt, aber genauso umgehend abverkauft (kurs aktuell nahe dem tt von 1170 $). der aufwärtstrend ist zwar weiterhin intakt, ich könnte mir aber vorstellen, dass auch kurzfristig eine deutlichere korrektur zunächst bis in die zone um 1050 $ einsetzen könnte. die vk-signale auf tagesbasis fehlen noch, aber die aufnahme auf die short-wl ist m.e. schon mal gerechtfertigt.
Hinweis gem. §34b WpHG zur Begründung möglicher Interessenskonflikte:
Der Verfasser von o.g. Beitrag kann Short- und/oder Long-Positionen in den behandelten Werten halten!
lache nie über die dummheit der anderen. sie kann deine chance sein ! winston churchill
Danke!Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Newmont and Goldcorp Combine to Create World’s Leading Gold Company
DENVER https://app.quotemedia.com/quotetoo....ull&webmasterId=90338
World-class portfolio of assets to support sustainable, profitable gold production over long-term horizon
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) and Goldcorp Inc. (NYSE: GG, TSX: G) (Goldcorp) today announced they have entered into a definitive agreement in which Newmont will acquire all of the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at $10 billion. Under the terms of the agreement, Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share, which represents a 17 percent premium based on the companies’ 20-day volume weighted average share prices.
The agreement will combine two gold industry leaders into Newmont Goldcorp, to create an unmatched portfolio of operations, projects, exploration opportunities, reserves and people in the gold mining sector. Newmont Goldcorp’s world-class portfolio will feature operating assets in favorable jurisdictions, an unparalleled project pipeline, and exploration potential in the most prospective gold districts around the globe. In addition to providing shareholders the largest gold Reserves per share, Newmont Goldcorp will offer the highest annual dividend among senior gold producers.
“This combination will create the world’s leading gold business with the best assets, people, prospects and value-creation opportunities,” said Gary Goldberg, Newmont’s Chief Executive Officer. “We have a proven strategy and disciplined implementation plan to realize the full value of the combination, including an exceptional pool of talented mining professionals, stable and profitable gold production of six to seven million ounces over a decades-long time horizon, the sector’s largest gold Reserve and Resource base, and a leading project and exploration pipeline. Our cultures are well aligned, with strong commitments to zero harm, inclusion and diversity, and industry-leading environmental, social and governance performance. We expect to generate up to $100 million in annual pre-tax synergies, with additional cost and efficiency opportunities that will be pursued through our proven Full Potential continuous improvement program. The combination is expected to be immediately accretive to Newmont’s net asset value and cash flow per share. We constantly review opportunities to raise our performance, and this combination represents the most promising path to deliver superior and sustainable value for our shareholders, employees, host countries and communities.”Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
... kommt nicht unerwartet, hier einige Hintergründe zur Lage bei Goldcorp:
Goldcorp’s stumble: How an industry leader blew it
NIALL MCGEE MINING REPORTER
CHRIS WATTIE/REUTERS
Peter Jacobs liked what he heard when he attended Goldcorp Inc.’s investment day in January of last year. So the chief investment strategist with Stifel RMG Group, a Washington-based financial firm, started buying shares.
Goldcorp management’s presentation made a strong case that the mining company "was on track to increase production and reserves, lower costs, deleverage the balance sheet and create additional shareholder value,” he said.
A year later, the picture isn’t so pretty. In late October, Goldcorp lost close to a fifth of its market value in a single day after reporting falling production, rising costs and a decline in reserves. Gold grades at its flagship Cerro Negro mine in Argentina fell by more than 30 per cent in the third quarter compared with the previous quarter. Production at its Musselwhite mine in Ontario and giant Pueblo Viejo operation in Dominican Republic, which it owns alongside Barrick Gold Corp., also fell more than expected. The company reduced its production forecast and bumped up its cost expectations for 2018.
Goldcorp shares have been in a long-term tailspin, trading at $12.86 apiece Friday on the Toronto Stock Exchange, down from more than $54 in 2011. Sources say the company is exploring options for a possible combination with another gold miner in a bid to revive its fortunes.
“I don’t know about how other shareholders feel but I would think and hope they are also disgusted by the lack of execution against goals laid out” last year, Mr. Jacobs said. “The company has failed on all fronts.”
In an October conference call after the release of Goldcorp’s third quarter results, Mr. Jacobs accused chief executive David Garofalo of shirking responsibility for the poor performance and behaving as if it was “business as usual.”
Others also pointed the finger at management. The steep decline in Goldcorp’s share price in part reflected a “loss of confidence in the management team,” wrote Scotia Capital Markets Inc. analyst Tanya Jakusconek in a note titled “Has the market thrown in the towel on Goldcorp?”
Just three years ago, Vancouver-based Goldcorp was the most valuable gold company in the world. Goldcorp was worth more than Barrick Gold Corp., even though it was nowhere near as big in terms of production. Goldcorp was lauded for navigating the great commodities gold boom and bust cycle better than Barrick by not hedging its gold exposure on the way up, and having a much better balance sheet on the way down.
But hidden from view, problems were brewing at Goldcorp, including flawed acquisitions, a tendency of overpromising and underdelivering, and execution issues on the technical side of mining.
Geoff Phipps, co-founder and portfolio manager with Toronto-based hedge fund Arrow Capital Management Inc., says the decline of Goldcorp has been a “really painful slow burn that just exhausts shareholders.”
With its stock now trading near a 17-year low, “Goldcorpse” as mining blogger IKN calls it, is now only the seventh most valuable gold company in the world.
“I don’t think anybody’s happy with the share price performance,” Mr. Garofalo said in an interview in late November. “Absolutely not.”
Mr. Garofalo acknowledged the company could have done a better job of anticipating problems at its Musselwhite mine, and that the company needed to give better forecasts to investors. But he said investors overreacted to a “soft quarter," and he pins the company’s travails largely on the flat gold price over the past few years, and the flight of capital out of mining into sectors such as marijuana. He calls the past couple of years “a miserable time for gold investors generally.”
Now, Goldcorp is a possible target in the next big gold-mining deal. Goldcorp was recently in talks with Australian gold producer Newcrest Mining Ltd. about a deal, but those talks have lapsed, said a person familiar with the situation who isn’t authorized to speak publicly about the discussions. (A merger between the two would have created the second biggest gold company in the world after Barrick. Newcrest has a market capitalization of more than $17-billion, compared to $11.2-billion for Goldcorp.)
Goldcorp has since engaged in discussions with Newmont Mining Corp., the big U.S. gold miner, the person said, though it is far from clear that the talks will lead to any transaction. Spokespeople for Newcrest and Newmont declined to comment.
Rick Rule, CEO of Sprott U.S. Holdings Inc., says even though Goldcorp may be loath to sell at such a depressed stock-market valuation, an acquisition by Newmont Mining would be welcomed by institutional investors. A Newmont-Goldcorp combination could lead to significant savings in general and administrative (G&A) expenses, which includes head office costs, and salaries for management and directors.
“The resultant company would command a better premium and hence a lower cost of capital,” Mr. Rule says.
Facing heavy criticism amid years of underperformance, Mr. Garofalo defends his tenure at Goldcorp, pointing to improvements he has made since he took the job in early 2016, such as reducing costs and growing reserves over that time period. And others say not all of the company’s troubles can be pinned on him.
"This company’s been mismanaged under a couple of CEOs not just Garofalo,” said Benoit Gervais, veteran mining portfolio manager with Mackenzie Investments. He says Goldcorp has a long history of missing targets, making ill-advised acquisitions and paying enormous sums to management for subpar performance.
"There’s something wrong in this company,” he says. “Who’s signing off on this?”
Goldcorp’s acquisitions haven’t always worked out as planned.
In 2006, Goldcorp, under CEO Ian Telfer -- who is now the chairman -- paid US$430-million for the lonore development project in Quebec. Goldcorp said lonore would eventually produce 600,000 ounces of gold a year. But lonore, which went into production in 2015, hasn’t measured up. Last year, it produced about 350,000 ounces of gold at a high all in sustaining cost (AISC) of $900 an ounce. (AISC is a measure that factors in most of the costs of mining.)
In 2008, then under CEO Kevin McArthur, Goldcorp paid $1.5-billion for an Ontario development property called Cochenour that had not yet even carried out a resource estimate. At one point, Goldcorp touted it as a five million ounce deposit. More than a decade later, Cochenour sits as a project in its portfolio with a meagre 300,000 ounces in reserves. In 2010, Goldcorp, then run by Chuck Jeannes, bought what is now considered its flagship asset, Cerro Negro in Argentina, for $3.6-billion. In 2015, it wrote down Cerro Negro by $2.3-billion.
John Tumazos, owner and CEO of Very Independent Research in New Jersey, says not only has Goldcorp consistently overpaid for assets without doing sufficient due diligence, the company’s traditionally strong balance sheet has allowed it to spend far too much building mines, leading to poor investment returns. “They have enough rope to hang themselves and they do.”
In 2017, a little more than a year after Mr. Garofalo took over as CEO, Goldcorp paid around US$700-million for two development assets in Chile. As part of that deal Goldcorp paid US$520-million for a 50-per-cent stake in a project called Cerro Casale. The deposit contains a massive 23 million ounces of gold in the ground, but despite decades of study, no mining company has been able to make the case for building a mine. The grade is too low, its location in the Andes too remote, and the capital cost, estimated at US$4.2-billion, too steep.
The economics of Caspiche, another Chilean development asset that Goldcorp bought at the same time for about US$100-million, appear even more tenuous. All of its 12.5 million ounces are classified as “resources,” which means there could be no profitable gold at all in the ground.
“That deal they did in Chile,” said Robert Cohen, portfolio manager of the Dynamic Precious Metals Fund. “That’s when I kind of mentally checked out on Goldcorp.” He says it’s hard to believe that Goldcorp would pay steep sums for two projects with such poor economics.
“I’m the first to acknowledge that Casale and Caspiche, the two deposits that make up Norte Abierto, on their own would have been marginal,” Mr. Garofalo said. But he’s optimistic that by developing the two projects at the same time, the economics could work, as Cerro Casale and Caspiche could conceivably share common processing facilities and infrastructure.
Another acquisition made under Mr. Garofalo is the $530-million deal in 2016 to buy Kaminak Gold Corp., owner of the Coffee gold project in the Yukon. Goldcorp expects Coffee to cost US$400-million to build, and Mr. Garofalo says the company’s return on the mine should be between 13 per cent and 15 per cent. But Goldcorp recently cut Coffee’s reserves by 23 per cent to 1.7 million ounces after doing further drilling.
The setback at Coffee, like lonore a decade earlier, illuminates a long-running problem at the gold company, says Dynamic’s Mr. Cohen. Goldcorp has been repeatedly been caught out by not having enough technical people – geologists, metallurgists and engineers – in its upper-management tiers, he says.
Mr. Garofalo, an accountant by training, says Goldcorp is working on improving its skills on the technical side of mining and taking more ownership over the process. Like most in the gold industry, Goldcorp relies on external engineering firms to build its mines, but internal staff now manage expansions.
“We have much more robust project execution teams at the mine site than we’ve had historically,” he said.
Some say Goldcorp could take a leaf out of its founder Robert McEwen’s playbook.
In 2000, Mr McEwen opened up the company’s geological records on its Red Lake mine in northern Ontario to the world and offered a $325,000 award to anyone who could help find new discoveries. The gambit paid off when the winners eventually uncovered six million ounces of new gold.
Goldcorp used to hold on to a portion of its gold in lieu of cash on its balance sheet. Apart from benefiting from the ensuing appreciation in the price of gold in the 2000s, holding all that bullion in a vault also gave the company pause before spending its capital.
“I thought that was pretty smart,” Mr. Cohen said.
And in an industry widely criticized for overpaying its executives, Mr. McEwen earned a salary of US$1 in 2017 as CEO of McEwen Mining. Mr. Garofalo was paid a salary of $1.35-million, a cash bonus of $1.9-million and various other compensation for a total of $8.4-million.
Veteran gold analyst John Ing with Maison Placements says regardless of whether Goldcorp gets acquired, it has a ton of work to do. It must dispose of marginal assets, make deep cuts in general and administrative expenses and move forward with management changes.
“What’s needed is more than just a pruning,” Mr. Ing says. It’s “drastic surgery.”
Newmont and Goldcorp Combine to Create World’s Leading Gold Company
DENVER https://app.quotemedia.com/quotetoo....ull&webmasterId=90338
World-class portfolio of assets to support sustainable, profitable gold production over long-term horizon
Gemäß § 34 WpHG darf der Autor jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Habe Mut, Dich Deines eigenen Verstandes zu bedienen!
heute gute Produktionszahlen abgeliefert
und im Vergleich noch Potential - wenn Newmont eine Goldcorp mit 10 Mrd. bewertet ist Yamana dagegen mit 3 Mrd geradezu preiswert
YAMANA GOLD EXCEEDS 2018 PRODUCTION GUIDANCE AT COSTS IN LINE WITH EXPECTATIONS
Yamana Gold Inc.'s fourth quarter and full-year production results for 2018 exceeded production guidance for all metals.
FOURTH QUARTER AND 2018 OPERATIONAL HIGHLIGHTS
Strong production momentum continued into the fourth quarter and for the full year 2018. Fourth quarter and full year 2018 production results from Yamana's six mines are presented in the following ................Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Canarc Resource achieves 96% Au recovery at New Polaris
2019-01-14 10:00 ET - News Release
Mr. Scott Eldridge reports
CANARC ACHIEVES UP TO 96% GOLD RECOVERY FROM BIOX METALLURGICAL TESTS ON HIGH GRADE NEW POLARIS PROJECT FLOTATION CONCENTRATE
Canarc Resource Corp. has received excellent metallurgical test results, with gold recoveries up to 96 per cent, using bio-oxidation (BIOX) treatment on flotation concentrate from its New Polaris gold mine property located in British Columbia, Canada. These excellent test results confirm that New Polaris concentrate is amenable to the BIOX process. Bio-oxidation testing of New Polaris concentrates dramatically increased the cyanide-recoverable gold from 8 per cent for unoxidized concentrate up to 96 per cent on bio-oxidized material.
Scott Eldridge, Canarc's CEO, stated: "Canarc is very happy to see such high gold recoveries from New Polaris concentrate using the BIOX process to bio-oxidize the refractory sulfides carrying the gold so that it can be recovered by conventional cyanide leaching. Using the BIOX process at New Polaris to produce dore bars at site is a potential game-changer for the project because it should obviate the need for road or barge access to ship the concentrates. BIOX could have a very positive impact on both the logistics and the economics of the New Polaris gold mine project."
Gold Dissolution Versus Sulphide Oxidation
The BIOX bacterial oxidation process is currently used commercially to treat refractory gold deposits at ten gold mines on four continents, including the Fosterville mine of Kirkland Gold located in Victoria province of Australia. It has facilitated the production of more than 24 million ounces of gold over the last 25 years. Canarc's metallurgical test program was conducted at the SGS Africa lab, located in Johannesburg, South Africa, under the supervision of Outotec RSA, owners of the BIOX technology.
The BIOX process has many advantages over other processes such as pressure oxidation and roasting for treating refractory gold ores. These include improved gold recoveries, significantly lower capital and operating costs, and being more environmentally friendly. BIOX is a robust commercial technology that is better suited for remote locations, it is simple to operate and is backed by 25 years of operating experience.
The current NI 43-101 indicated resources on the New Polaris project total 519,000 ounces contained in 1,288,000 tonnes grading 12.54 g/t gold and inferred resources of 636,000 ounces contained in 1,794,564 tonnes grading 12.2 g/t gold.
Canarc plans to undertake a new Preliminary Economic Assessment of the New Polaris project during the first quarter of 2019 incorporating the economic benefits of the BIOX process.
Qualified Person
Garry Biles, P.Eng, President & COO for Canarc Resource Corp, is the Qualified Person who reviewed and approved the contents of this news release.
About Canarc
Canarc Resource Corp. is a growth-oriented gold exploration company focused on generating superior shareholder returns by discovering, exploring and developing strategic gold deposits in North America. The Company is currently advancing two core assets, each with substantial gold resources, and has initiated a high impact exploration strategy to acquire and explore new properties that have district-scale gold discovery potential.
Liberty Gold drills 18.3 m of 2.95 g/t Au at Goldstrike
2019-01-14 06:30 ET - News Release
Dr. Moira Smith reports
LIBERTY GOLD ANNOUNCES RESULTS OF ADDITIONAL INFILL AND STEP OUT RC DRILLING ALONG THE SOUTHERN MARGIN OF THE MAIN GOLDSTRIKE DEPOSIT, GREAT BASIN, USA
Liberty Gold Corp. has released results from its 2018 reverse circulation (RC) drilling program at the Goldstrike project, the flagship of its three principal gold projects located in the prolific Great basin of the United States. Located in southwestern Utah, Goldstrike is a past-producing oxide-heap leach gold mine that contains a large, shallow, district-scale, Carlin-style gold system.
Guten Morgen! Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
The Globe and Mail reports in its Tuesday edition that the gold business, nothing gets the sharks circling like the combination of promising mines and a depressed stock price. The Globe's Andrew Willis writes that the sector's prolonged slump now has its biggest predators -- Newmont and Barrick Gold -- feeding on weaker rivals, creating expectation of further takeovers in an industry where many experts see consolidation as long overdue. The next potential target is a hot topic of conversation in investment banking circles, as analysts crunched the numbers on the takeover of Goldcorp. CIBC looked at the senior gold producers in a report on Monday, and found that Goldcorp traded at a discount to peers, but the valuation gap was even larger at Yamana Gold and Kinross Gold. Yamana's stock price today is half what it was three years ago, despite restructuring efforts that include selling the Gualcamayo mine in Argentina last October. CIBC's mining group said in a report, "With Gualcamayo now out of the picture and more M&A in the sector, Yamana could itself become a target given its discount valuation." Kinross executives have spent years digesting a poorly timed $7.1-billion acquisition of properties in Africa.
heute gute Produktionszahlen abgeliefert
und im Vergleich noch Potential - wenn Newmont eine Goldcorp mit 10 Mrd. bewertet ist Yamana dagegen mit 3 Mrd geradezu preiswert
YAMANA GOLD EXCEEDS 2018 PRODUCTION GUIDANCE AT COSTS IN LINE WITH EXPECTATIONS
Yamana Gold Inc.'s fourth quarter and full-year production results for 2018 exceeded production guidance for all metals.
FOURTH QUARTER AND 2018 OPERATIONAL HIGHLIGHTS
Strong production momentum continued into the fourth quarter and for the full year 2018. Fourth quarter and full year 2018 production results from Yamana's six mines are presented in the following ................
Marantha!
Homo proponit sed deus disponit - Es ist ein langer Weg zum Whisky-Experten - aber es ist eine schöne Zeit dahin! - gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
MILLENNIAL PRODUCES BATTERY GRADE LITHIUM CARBONATE FROM PASTOS GRANDES BRINE
Bench-scale process test work completed by SGS Canada Inc. in its facilities in Lakefield, Ont., on brine from Millennial Lithium Corp.'s Pastos Grandes project in Salta, Argentina, has yielded battery-grade (over 99.5 per cent Li2CO3) lithium carbonate. Final purification test work results yielded a lithium carbonate product that is 99.92 per cent Li2CO3 with low levels of magnesium, calcium, boron, sulphate and iron, with no other detectable metals.
Millennial president and chief executive officer Farhad Abasov commented: "We are excited that the bench-scale process test work recently completed by SGS has yielded very positive results with a lithium carbonate product purity of 99.92 per cent. Typical lithium carbonate battery grade for EV [electric vehicle] batteries is approximately 99.5 per cent Li2CO3, so we are very encouraged by these results that suggest the Pastos Grandes brine is amenable to industry-standard processing and capable of producing a battery-grade product. The bench-scale testing has also provided an excellent framework for our pilot plant, which is currently in the final design phase, and provides a basis for the potential commercial plant design for the company's definitive feasibility study."
Guten Morgen! 
