Monday, July 31, 2017

B2Gold Corp - BTO.t

B2Gold Corp - BTO.t operates the Libertad Mine and the Limon Mine in Nicaragua, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia.

The company produced 550,423 ounces Au in 2016 and forecasts between 545,000 to 595,000 Au for 2017 at all in ASIC around $794.
On July 31, 2017 the company reported Numbers

B2Gold Corp. (TSX: BTO) (NYSE MKT: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce its gold production and gold revenue for the second quarter and first-half of 2017. All dollar figures are in United States dollars unless otherwise indicated.2017 Second Quarter Highlights
  • Consolidated gold production of 121,448 ounces, 1% (or 1,611 ounces) above budget
  • Consolidated gold revenue of $164.3 million on sales of 131,737 ounces at an average price of $1,247 per ounce
  • Fekola Project mine construction remains 3 months ahead of schedule and on budget for an anticipated October 1, 2017 production start
  • Subsequent to June 30, 2017, the Company secured a $500 million upsized corporate revolving credit facility, representing a $75 million increase from the existing facility 

Saturday, July 29, 2017

Collector Orchids good as Gold

The Cattleya Orchid
It might seem extreme to place a flower under 24-hour police protection but at the annual orchid festival in Kew Gardens, 12 constables and two sergeants will keep guard while surveillance cameras are filming every move.

In the world of plants, nothing arouses passions like an orchid. Collectors beg, steal and risk their lives in jungles to obtain the latest discovered bloom in what is a multi-billion a year business.
Dendrophylax lindenii, the Ghost Orchid. Its found only in the forest swamps of Florida and Cuba.

Very rare Black Orchid-Cymbidium Kiwi

Cloud Forest Orchid

Singing Orchid

The spider orchid is found only at the Swanage Sewage Treatment Works in Dorset.

Potinara Orchid

Cymbidium Orchid
According to detectives it was a professional job and the thieves, who left no trace, knew exactly what they were after.

Bearing all the hallmarks of an audacious gem heist this was the scene at Kew Gardens in 2014 where a rare African water lily was snatched. It is thought to have been sold to an unscrupulous private collector on the growing black market for stolen plants.
The legal plant trade amounts to £9 billion a year worldwide. There is a kudos in owning anything rare. Although it’s impossible to give precise figures for plants there is a limited but thriving black market involving fanatical but unscrupulous private collectors.

If someone wants a species badly enough they will pay vast amounts of money to get it.

Monkeyface orchid

Hochstetter Butterfly Orchid
Rare and new discoveries of wild plants are the most prized, sending collectors into a frenzy. It’s feared that some species are being driven to the brink of extinction by over-harvesting.

One of the world’s rarest orchids was re-discovered in 2014 by British botanists on a volcanic island in the Atlantic. There were only 250 plants of the unique species on the island of Sao Jorge in the Portuguese Azores, making it the rarest in Europe.

Bee Orchid

Lady's Slipper orchids

The albino form of the Vanda sanderiana is a rare and prized plant for orchid collectors and breeders.

Bulbophyllum kubahense

Phragmipedium kovachii was first found in 2001 and is referred to as one of the most important natural history discoveries of the last decade.

Cypripedium calceolus. It receives round-the-clock police surveillance where it grows on a Lancashire golf course.

Paphiopedilum rothschildianum, an orchid that is on top of the endangered species list.
The contemporary orchid-breeding business in Taiwan and its main rival, the Netherlands, centers on the Phalaenopsis, or the moth orchid.

In Victorian Europe, orchid hunters, hired by wealthy collectors, often killed each other in pursuit of the newest breeds.
A new species of orchid found in Colombia has been named Telipogon diabolicus, because the heart of the flower has an eerie resemblance to a devil's head. There aren't many flowers of this kind in existence.

Researchers found a small patch of about 30 orchids between the borders of two Colombian departments. So far, this is its only known habitat.

Friday, July 28, 2017

Torex Gold Resources Inc - TXG.t

Torex Gold Resources Inc - TXG.t is developing the flagship Morelos Gold Project located 180km southwest of Mexico City in Guerrero state.

On July 26, 2017 the company released News

Torex Successfully Completes US$400 Million Facility To Refinance Project Debt

Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce that the Company’s wholly-owned subsidiary Minera Media Luna, S.A. de C.V. (“MML”) has signed an amended and restated credit agreement with BNP Paribas, Commonwealth Bank of Australia, ING Capital LLC and SG Americas Securities, LLC, as joint bookrunners and joint lead arrangers (the “Banks”) in connection with the previously announced secured US$400 million debt facility (the “Loan Facility”). Following a successful syndication, BMO Harris Bank N.A. and The Bank of Nova Scotia joined the Banks as lenders under the Loan Facility. The Loan Facility is comprised of a US$300 million term loan (the “Term Facility”) and a US$100 million revolving loan facility (the “Revolving Facility”).