Monday, September 17, 2018
|Guyana Goldfields Inc - GUY.t flagship is the Aurora Gold Project in Guyana which achieved first gold production in 2015. |
2018 guidance is 175,000 – 185,000 ounces of gold at a cash cost of US$535-$585 per ounce (excluding royalty) with AISC of US$945-$995.
GUY chart by TradingView
On September 6, 2018 the company released News
Guyana Goldfields Inc. has closed the sale of its 6.1-per-cent interest in SolGold PLC, the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador, for gross proceeds of approximately $35-million (U.S.). The company intends to use the proceeds from the sale for debt reduction and general corporate purposes.
Labels: Guyana Goldfields Inc - GUY.t
Sunday, September 16, 2018
|The Gold-Silver Ratio has been thought of as a reliable technical ‘buy’ indicator for silver, whenever the ratio climbs above 80. The ratio represents the number of silver ounces it takes to buy a single ounce of gold. The gold-to-silver ratio has moved above 85. One needs to go back to 1991 for the last time it was higher than it is now.|
In ancient times, the ratio was set at 12 to 1. In 1792, the ratio was fixed by law in the US at 15:1. The current ratio is high historically, 60% above the 20-year average.
Saturday, September 8, 2018
Friday, September 7, 2018
|Pretivm Resources Inc. - PVG.t is advancing the flagship Brucejack project located 65 kilometers north of Stewart in northern British Columbia. |
A feasibility study (*) has outlined Proven and Probable mineral reserves in the Valley of the Kings of 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams per tonne gold - * these numbers are being questioned)
On September 6, 2018 a short report from Viceroy Research was released.
Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to report financial and operating results for the second quarter and first half of 2018.
Second Quarter 2018 Summary
- Production of 111,340 ounces of gold.
- Revenue of $146.5 million on 115,309 ounces of gold sold.
- Total cost of sales $86.4 million or $749 per ounce of gold sold1.
- AISC1 of $648 per ounce of gold sold.
- Net earnings of $31.1 million ($0.17 per share).
- Adjusted earnings1 of $47.0 million ($0.26 per share).
- Cash and cash equivalents of $142.5 million as at June 30, 2018.
- Achieved first half 2018 guidance with a total of 187,029 ounces of gold produced at an AISC of $783 per ounce of gold sold.
Labels: Pretivm Resources Inc. - PVG.t
Wednesday, September 5, 2018
|Nevsun Resources Ltd. - NSU.t operates the flagship Bisha Mine in Eritrea, East Africa. The Bisha deposit is a large, high-grade volcanogenic massive sulphide (VMS) producing Gold, Silver, Copper and Zinc.|
Total reserves are about 22mt giving an expected mine life into 2025.
NSU chart by TradingView
Nevsun Resources Ltd. and Zijin Mining Group Co. Ltd. have entered into a definitive agreement pursuant to which Zijin will make a takeover bid to acquire all of the issued and outstanding shares of Nevsun for $6 per share in cash. The offer is valued at $1.86-billion ($1.41-billion (U.S.)). The cash consideration of $6 per share represents a premium of 57 per cent over Nevsun's unaffected closing price of $3.82 on May 7, 2018, the day Lundin Mining Corp. first publicly announced its intention to acquire Nevsun.
Lundin Mining Corp. intends to make a formal offer to acquire all of the issued and outstanding common shares of Nevsun Resources Ltd. for cash consideration of $4.75 (Canadian) per share. The offer price represents a significant premium of 82 per cent to the closing price of $2.61 (Canadian) on Feb. 6, 2018, the date of the first offer to Nevsun related to Lundin's interest in acquiring Timok. This is a 33-per-cent premium to the closing price of $3.58 (Canadian) per share on the Toronto Stock Exchange as of April 30, 2018, the date of Lundin Mining's previously announced prior proposal to Nevsun, and a 40-per-cent premium to the volume weighted average trading price of $3.35 (Canadian) per share on the TSX over the 20 trading days ended April 30, 2018. The offer price values Nevsun at an equity value of approximately $1.4-billion (Canadian) ($1.1-billion USD).
Labels: Nevsun Resources Ltd. - NSU.t