Newcrest Mining rejects Newmont's takeover offer
https://seekingalpha.com/news/…s-newmonts-takeover-offer
Newcrest Mining (OTCPK:NCMGF) (OTCPK:NCMGY) said Wednesday its board rejected Newmont's (NYSE:NEM) all-stock takeover offer, saying it does not represent sufficient value for its shareholders.
Newcrest (OTCPK:NCMGF) (OTCPK:NCMGY) is not closing the door, saying "in order to determine if Newmont can provide an improved proposal for consideration by the board that appropriately reflects the value of Newcrest, the board has indicated to Newmont that it is prepared to provide access to limited, non-public information on a non-exclusive basis."
Beiträge von Sorgenfrei
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Mmmh. Vor kurzem gelesen, dass Paulson seine Gold-Exposition stark abgebaut hätte/hat.

Paulson & Co. exits Barrick Gold, APA, VMWare; pares stake in Agnico Eagle
https://seekingalpha.com/news/…res-stake-in-agnico-eagle -
Silver X Announces Preliminary Economic Assessment for the Tangana Mining Unit Expansion
https://www.accesswire.com/739…ana-Mining-Unit-Expansion
"The PEA shows the great growth potential of Tangana and supports the Company's vision to triple current production capacity over the next few years," stated José García, CEO and Interim Chairman of Silver X. "The objective is to have two milling facilities - a new mill at Tangana, as outlined in this PEA, along with the existing mill, which is currently producing from Tangana but that will in the future process mineral from Plata (formerly referred to as Esperanza) and other mineralized areas in the district. This PEA represents the first technical and economic evaluation of the deposit at Tangana, demonstrating a manageable initial capital cost for the new mill and multiple opportunities for project growth. We will continue to evaluate resource expansion at Tangana with the possibility of further synergies with nearby deposits and the proposed project infrastructure. We envision solid organic growth within our district-scale project, with the expectation of an increase in production capacity from 720 tonnes per day to 2220 tonnes per day by 2026."
Mr. García continued: "The updated resource estimate within the PEA also demonstrates remarkable success in upgrading resources at Tangana and clearly shows how effective exploration can be for the project. I believe that we might only be in the early stages of a much larger and profitable mining project."
PEA Highlights- Upgraded Mineral Resources to 3.60Mt of Measured and Indicated ("M&I") Resources from 0.98Mt in the 2022 Mineral Resource Estimate and 11.89Mt of Inferred Resources from 14.94Mt with a new resource block model, representing 3X growth in M&I Resources when compared to the previous reported estimate.
- Life of Mine ("LOM") of 12 years at a capacity of 1,500 tonnes per day ("tpd") based on a resource inventory of 5.75Mt, of which 1.75Mt corresponds to Measured Resources, 0.49Mt corresponds to Indicated Resources and 3.51Mt corresponds to Inferred Resources.
- Average annual production of 4.2 million ounces ("Moz") of silver equivalent ("AgEq")1 with circa 5Moz AgEq mined.
- Robust economics with an After-Tax NPV of $175 million at 10% discount rate and After-Tax IRR of 39%.
- LOM Cash Costs of $8.8/oz AgEq and LOM All-In Sustaining Costs ("AISC")2 of $16.2/oz AgEq.
- Initial Capex of $61 million, including 20% contingency, for the new processing facility, dry-stacked tailings and mine development.
PEA Mining, Processing and Environmental and Social Impact Study
The goal for the Nueva Recuperada Silver District is to have two milling facilities: a new plant for the Tangana Mining Unit with a capacity of 1500 tpd as indicated in the PEA (see Figure 1) in addition to the current Nueva Recuperada mill of 720 tpd located 15 km south of Tangana and central to the other mineralized areas in the district (see Figure 2). The existing mill would be dedicated to processing minerals from the Company's Plata project and other mineralized areas.[Blockierte Grafik: https://www.accesswire.com/users/newswire/images/739196/image.png]
Figure 1. Future scenario of Tangana Mining Unit outlined by the 2023 PEA with new mill and dry stacked tailings
[Blockierte Grafik: https://www.accesswire.com/users/newswire/images/739196/image-1.png]
Figure 2. The Nueva Recuperada Silver District will comprise two separate mining operations - Tangana and Plata
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Gold Royalty to Expand Existing Secured Revolving Credit Facility Up to US$35 Million and Joins United Nations Global Compact
https://www.prnewswire.com/new…al-compact-301745394.html
VANCOUVER, BC, Feb. 13, 2023 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce an amended and restated credit agreement with the Bank of Montreal and the National Bank of Canada to expand its existing secured revolving credit facility by US$10 million to US$35 million. The expanded credit facility consists of a US$20 million secured revolving credit facility (the "Facility"), with an accordion feature providing for an additional US$15 million of availability (the "Accordion") subject to certain additional conditions.
Andrew Gubbels, the Company's Chief Financial Officer commented: "We are pleased with the expansion of our existing revolving credit facility with the Bank of Montreal and the participation of a new lender, the National Bank of Canada. The attractive terms of the Facility provide additional flexibility and liquidity as we continue to grow our business through disciplined and accretive acquisitions." -
Kinross announces robust initial mineral resource of 2.7 Moz. indicated and 2.3 Moz. inferred for Great Bear project
https://ceo.ca/@globenewswire/…itial-mineral-resource-of -
Another Peru Mine Shuts Operations as Anti-Government Protests Gain Momentum
https://thedeepdive.ca/another…t-protests-gain-momentum/
Buenaventura, a Peruvian mining company, has halted mining operations at its Julcani mine amid worsening anti-government protests.
This is not an isolated incident in the country, as other miners have also been affected by the protests. Last month, vandals attacked Glencore’s Antapaccay copper mine, while Chinese miner MMG announced last month that its Las Bambas mine is preparing to suspend production in wake of road blockades that halted transportation of key materials.
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Lions Bay Capital Inc. Agrees to Salamander Loan Extension
https://www.newsfilecorp.com/release/154026
Lions Bay Capital Inc. Agrees to Purchase 50% of Greensands Australia Pty Ltd
https://www.newsfilecorp.com/release/154345
[Blockierte Grafik: https://cdn-ceo-ca.s3.amazonaws.com/1huclt5-2849C950-93DA-456B-A075-C081524CFB7B.png]
https://geoscience.nt.gov.au/g…90435/1/GR427_2016_GA.pdf
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Altaley Mining Updates Agreement and Grants Stock Options to Service Provider
https://ceo.ca/@thenewswire/al…tions-to-service-provider -
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Focus on Tier One Assets Delivers Significant Increase in Resources and Reserves, Underpinning Industry-Leading Production Profile Growth
https://www.barrick.com/Englis…ofile-growth/default.aspx
Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) grew attributable proven and probable gold mineral reserves by 6.7 million ounces net of depletion in 2022, while maintaining grade despite an increase in the reserve price assumption. Reported at $1,300/oz1, attributable proven and probable mineral reserves now stand at 76 million ounces2 at 1.67g/t, increasing from 69 million ounces3 at 1.71g/t reported at $1,200/oz1 in 2021. Led by Pueblo Viejo and the Africa & Middle East region, Barrick has now delivered a second consecutive year of gold reserve growth over and above annual depletion, with nearly 12 million ounces2 of attributable proven and probable reserve gains in 2022 before depletion... -
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Es tobt ein epischer Kampf, ein Kampf der Giganten.
Die Falschwelt unterdrückt noch immer unerbittlich die wahrhaftigen Werte.
Doch eines Tages wird dies nicht mehr so sein.
Es wird der Drache der Falschheit von der Lanzenspitze des Lichts durchbohrt werden und
seinen giftigen Atem aushauchen:https://thefelderreport.com/20…-to-get-very-interesting/
Allein schon wegen des wunderbar lächerlichen, in den Zeitgeist passenden Neologismus die Lektüre wert.
Und dolle Charts gibt's auch noch:
[Blockierte Grafik: https://thefelderreport.com/wp-content/uploads/2023/02/Screenshot-2023-02-07-at-3.40.29-PM-1024x740.png][Blockierte Grafik: https://thefelderreport.com/wp-content/uploads/2023/02/Screenshot-2023-02-07-at-3.57.30-PM-1024x739.png]
[Blockierte Grafik: https://thefelderreport.com/wp-content/uploads/2023/02/Screenshot-2023-02-07-at-3.41.01-PM-1024x740.png]
Nota bene sind es bei FANG allerdings "Trillions" und bei BANG "Billions" an FCF, was die Sinnhaftigkeit dieses Vergleichs jenseits des lustigen Wortspiels doch deutlich relativiert.Almost five years ago I wrote a blog post titled, “BANG: Why The Gold Miners Could Soon Make FANG Look Tame.” A reader recently reached out to ask if I would post an update so here it is. The chart below plots two custom indexes: FANG (META, AMZN, NFLX, GOOG) versus BANG (GOLD, AEM, NEM). Clearly, there has been some back and forth between the two with the BANG stocks taking the lead and holding it over the past year or so. Frankly, I’m surprised they haven’t done better but more on that in a bit. As for the FANG stocks, it’s pretty remarkable to see them generate essentially zero return as a group since mid-2018, even after their strong runup to start the year.
[Blockierte Grafik: https://thefelderreport.com/wp-content/uploads/2023/02/Screenshot-2023-02-07-at-4.32.23-PM-1024x741.png] -
Yamana Gold team in pursuit of a ‘big whale’ with launch of private capital mining venture
https://www.theglobeandmail.co…d-mining-private-venture/
Yamana Gold Inc. YIR-T founder Peter Marrone and the miner’s outgoing CEO Daniel Racine are launching a private equity-style venture, aimed at taking stakes in struggling mining companies with the view to turning them around for a big profit.
The pair, who will joined by a handful of other Yamana executives, plan to invest in early stage gold exploration companies, but the team will also consider taking much bigger bets on companies that already have mines in production.
“If there’s a big whale that comes along, that’s the one,” Mr. Marrone said in interview. -
i-80 Gold Intersects 12.3 g/t Au Over 10.7 m in New Target at Ruby Hill
https://www.prnewswire.com/new…-ruby-hill-301741798.html
RENO, Nev., Feb. 8, 2023 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce that drilling has identified new zone of high-grade gold mineralization in its first hole drilled to test a new target area at the Company's 100%-owned Ruby Hill Property ("Ruby Hill" or "the Property") located in Eureka County, Nevada.
[Blockierte Grafik: https://mma.prnewswire.com/media/1998106/i_80_Gold_Corp_i_80_Gold_Intersects_12_3_g_t_Au_Over_10_7_m_in_N.jpg?w=400]Figure 1 – Ruby Hill Surface Plan (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/1998105/i_80_Gold_Corp_i_80_Gold_Intersects_12_3_g_t_Au_Over_10_7_m_in_N.jpg?w=400]
Figure 2 – Cross Section 428 Zone (CNW Group/i-80 Gold Corp)High-grade gold mineralization was intersected in the first hole drilled to test continuity of a historic intercept below the Archimedes pit. A historic hole (HC1428) drilled by Homestake Mining Company intersected 15.0 g/t Au over 5.5 m, however no additional drilling was ever completed. Late in the 2022 drill program, this target was tested with a step-out hole, iRH22-65, that intersected high-grade mineralization at the projected target depth (see Figures 1 & 2 and Table 1).
Highlight results from hole iRH22-65 drilled to test the 428 Zone:- 428 Zone : 12.3 g/t Au over 10.7 m (0.36 oz/ton – 35.0 ft)
The 428 Zone is located approximately 300 metres east of the southern portion of the Ruby Deeps Zone and is one of several brownfields exploration targets tested in the highly successful 2022 exploration program at Ruby Hill. This program resulted in multiple gold, polymetallic and base metal discoveries including the Hilltop Zones where drilling has returned significant high-grade carbonate replacement mineralization (CRD) including 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m in hole iRH22-43 (Upper Hilltop). The 428 Zone is located below the Archimedes pit and appears to be a combination of distal-disseminated gold mineralization overprinted by later Carlin-type gold mineralization. The mineralization is hosted within the top of the Hamburg dolomite at the contact with overlying metamorphosed Dunderberg Shale with close proximity to the Blanchard fault. The Blanchard fault structure was one of the primary feeder structures of the multiple mineralized zones mined in the pit. No other holes have tested this contact in proximity to the Blanchard fault presenting a significant upside target at Ruby Hill. Additionally, the Hamburg dolomite represents a new host of Carlin-type mineralization on the Property and follow-up drilling will be completed during the ongoing 2023 exploration program.
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Uranium Royalty Corp. Completes Acquisition of U.S. Uranium Royalty Portfolio from Anfield Energy Inc. and Expands Physical Uranium Holdings
https://www.prnewswire.com/new…m-holdings-301741109.html
VANCOUVER, BC, Feb. 7, 2023 /PRNewswire/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) ("URC" or the "Company") is pleased to announce the completion of its previously announced acquisition from Anfield Energy Inc. ("Anfield") of a portfolio of royalties on U.S. projects consisting of:- U.S. Conventional Mining Royalty Portfolio:
- a 2% net smelter return royalty on portions of the San Rafael Project, located in Utah, USA and operated by Western Uranium & Vanadium Corp.;
- a 2 – 4% sliding scale gross value royalty on portions of the Whirlwind Project, located in Colorado and Utah, USA and operated by Energy Fuels Inc. ("Energy Fuels"); and
- a 1% gross value royalty (applicable to uranium and vanadium sales) on portions of the Energy Queen Project, located in Utah, USA and operated by Energy Fuels.
- U.S. In-Situ Recovery (ISR) Royalty:
- a 2 – 4% sliding scale royalty on portions of the Dewey Burdock Project located in South Dakota, USA and operated by enCore Energy Corp.
Cash consideration of US$1.5 million was paid by the Company at closing.
Physical Uranium Holdings
The Company further announces that it has made additional uranium concentrate purchase commitments totaling 200,000 pounds U3O8 at an average cost of US$51.00 per pound. Deliveries will be made in February 2023 to URC's storage account with Cameco Corporation in Ontario, Canada. At the time of delivery, the purchase will be funded with cash on hand and available credit. - U.S. Conventional Mining Royalty Portfolio:
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[Blockierte Grafik: https://www.newsfilecorp.com/i…e/customer-logos/6303.jpg]
ATEX Intersects 0.63% CuEq over 1,270m Extending the High-Grade Porphyry Trend 200 Metres to the Northeast
https://www.newsfilecorp.com/release/153881Highlights include:
- ATXD-11A returned 1,270 metres grading 0.63% Copper Equivalent "CuEq" (0.43% Cu, 0.21 g/t Au, 52 ppm Mo) ending in mineralization at 2,130 metres (Figures 1 and 2).
- Hole ATXD-11A ended in mineralized porphyry with the grade increasing over the final 30 metres, returning 0.73 CuEq (0.53% Cu, 0.2 g/t Au, 19 ppm Mo).
- Confirmed continuity of the Central High-Grade Porphyry Trend with ATXD-11A intersecting 170 metres of 0.80% CuEq (0.54% Cu, 0.3 g/t Au and 11 ppm Mo), extending the trend over 200 metres northeast from VAL-14 (1,194m of 0.73% CuEq including 272m of 1.00% CuEq*).
- ATXD-11A extends the western mineralized zone 400 metres north of VAL-09 (852 metres grading 0.64% CuEq*).
- ATEX is presently drilling holes ATXD-11B and ATXD-22 with the goal of extending mineralization north of intersections in ATXD-11A along the Western and Central Porphyry Trends.
- Hole ATXD-11B is currently drilling in mineralized porphyry along a new trend following up on zone intersected within the Western Porphyry Trend in the upper part of hole ATXD-11A.
[Blockierte Grafik: https://images.newsfilecorp.co…9a2be746beb81_001full.jpg]
https://www.atexresources.com/…-presentation.pdf?v=0.981
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Vox Provides Development and Exploration Updates
https://www.accesswire.com/738…t-and-Exploration-Updates
Kyle Floyd, Chief Executive Officer stated: "Building on the momentum of our recent record 2022 preliminary revenues announcement, we are excited to provide meaningful developments on several royalty assets, including that a final permitting determination at the Bowdens silver project is expected in February 2023. In addition, Sulphur Springs is tracking well to be ‘shovel ready' by mid-2023, the Puzzle North discovery is being fast-tracked towards feasibility by Genesis next quarter and a commercialization decision is expected at the Myhree gold deposit in March 2023. This progress continues to support management's confidence for organic revenue growth in 2023 and beyond."
Key Updates- Bowdens silver project final determination hearing scheduled in February 2023, as well as the appointment of a General Manager for project development and ongoing gold drilling exploration by Silver Mines;
- Technical analysis work is underway by Develop at Sulphur Springs to redesign development plans, revise project costings and explore numerous funding options with the objective of having Sulphur Springs ‘shovel ready' by the middle of 2023;
- Strong Puzzle North infill drilling results announced by Genesis and a maiden reserve and feasibility study is expected in June 2023, representing only two years from initial discovery to feasibility; and
- Bulong tolling discussions are continuing and a commercialisation decision by Black Cat is expected at the royalty-linked Myhree gold deposit in March 2023.
[Blockierte Grafik: https://www.accesswire.com/users/newswire/images/738287/image.png]Figure 1: Bowdens Silver Project Extensions (Source: Silver Mines Ltd presentation, 15 Nov 2022) -
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Palisades Begins Trading on TSX
TSX-V:PALIVancouver, British Columbia, February 6, 2023 – Palisades Goldcorp Ltd. (“Palisades”; TSX-V:PALI, the “Company”) is pleased to announce that the Company’s common shares (the “Common Shares”) have been approved for listing on the TSX Venture Exchange (the “Exchange”) as a Tier 2 issuer under the symbol “PALI” (the “Listing”). Palisades’ Common Shares commenced trading as at the opening of the markets on Monday, February 6, 2023. No public offering of Common Shares was carried out in connection with the Listing. Palisades holds a diverse portfolio of securities and derivatives among which it holds a 26.67% interest in New Found Gold Corp (TSX-V: NFG).
The Exchange issued a bulletin on February 2, 2023, confirming the Listing.On behalf of the Board of Directors
"Collin Kettell"
Collin Kettell
Chief Executive Officer and Director
Phone: +1 (845) 535-1486
Email: collin@palisades.caAbout Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company and merchant bank focused on junior companies in the resource and mining sector. The Company seeks to acquire equity participation in pre-initial public offering and early state public resource companies with undeveloped or undervalued high quality projects. The Company focuses on companies that are in need of financial resources to realize their full potential, are undervalued in capital markets and/or operate in jurisdictions with low to moderate local political risk. The Company expects to continue to make investments, pursuant to its dual investment strategy, to achieve broad sector exposure with upside in the event of appreciate in mineral commodities prices, while also providing the potential to realize appreciation in net asset values as a result of discoveries by issuers in which the Company holds larger positions. The Company is listed on the TSX Venture Exchange under the stock symbol “PALI”.http:///C:/Users/SSCHOL~1.WP/A…cordp-Deck-02062023-1.pdf
[Blockierte Grafik: https://cdn-ceo-ca.s3.amazonaws.com/1hu2ki0-EF4C73B1-2093-4EE2-8268-C0AC145F120B.jpeg] -
Sibanye Stillwater gets key permit for Finland lithium project
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RE Royalties Acquires New Royalty on 27MW Solar Project in Pennsylvania
https://www.accesswire.com/738…r-Project-in-Pennsylvania
VANCOUVER, BC / ACCESSWIRE / February 6, 2023 / RE Royalties Ltd. (TSX.V:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, is pleased to announce that it has acquired a gross revenue royalty on the 27 MWDC (20 MWAC) Jackson Center Solar Project Phase 2 ("Jackson Center 2" or the "Project"), located in Mercer County, Pennsylvania, under development by Teichos Energy LLC ("Teichos"). Once operational, Jackson Center will generate an estimated 42,800 MWh per year of clean energy.
The Company has entered into a secured loan agreement (the "Loan") with Teichos whereby the Company will provide a USD $1.8 million letter of credit ("LC") on behalf of Teichos to meet their security requirement with PJM Interconnection ("PJM").
The Loan will have an initial 6-month term and bear an interest rate of 13% per annum, compounded annually, and payable at the end of the term. The Loan can be extended for two additional 6-month terms. The Company will have first-ranking security interest over the Project including a lien over Project assets, and a pledge of ownership in the Project.
The Company will receive a 1% gross revenue royalty on the Project (the "Royalty") for a period of 15 years once the Project reaches commercial operation. If the Loan term is extended, the Royalty will increase to 1.5% (6-month extension) or 2% (12-month extension). -
MJG Capital Investor Letter - January 2023
https://mjgcapital.com/wp-cont…/2023/01/January-2023.pdf