VanGold Mining steht seit gestern auf Trading-Halt, die Nachricht wird sich als Gamechanger erweisen.
Wie es derzeit ausschaut, wird man mit einer Verwässerung von nur 16% oder 20 Millionen Aktien an Endeavour Mining zu einem gut verhandelten Bewertungspreis von 0,30 CAD und damit bereits 10% über dem Schlusskurs von Donnerstag zum Produzenten! Um eine weitere Verwässerung zu vermeiden, hat CEO Anderson es tatsächlich geschafft, eine Silver-Gold-Loan-Facility mit einem Schweizer Metallhändler abzuschließen, was für uns Aktionäre natürlich im wahrsten Sinne des Wortes Gold (und Silber) wert ist.
Wenn man bedenkt, dass der aktuelle Aktienkurs von 0,27 CAD bei 107 Millionen Aktien (plus 30 Mio Warrants bis 0,50 CAD) gerade einmal einer Marktkapitalisierung von 30 Mio CAD entsprach, wird das Aufwärtspotential überdeutlich. Bis vorherige Woche dachte ich noch, Santacruz Mining wäre die günstigste Mine, aber VanGold Mining könnte das alle noch mal in den Schatten stellen.
Über die Anzahl der Unzen in El Cubo kann ich, da ich an Endeavour nie interessiert war, nichts genaues sagen. Die Mill jedoch wurde wohl 2013 für damals um die 68 Mio CAD$ generalüberholt, was den Wert dieses Deals nochmals unterstreicht. Leistung liegt bei 1500 Tonnen/Tag. Zusätzlich besitzt man mit der El Cubo Mine die zusätzliche Option, bei deutlich steigenden Silberpreisen Endeavour´s Mine wieder zu eröffnen. Vielleicht wäre das Ding auch aktuell schon wieder gewinnbringend, immerhin hatte Endeavour bei Silberpreisen um 16-17 USD stillgelegt...
Hier heute Nacht dann die Meldung von VanGold zu den Einzelheiten des Deals:
https://ceo.ca/@accesswire/van…-mine-mill-from-endeavour
VanGold to Acquire El Cubo Mine & Mill from Endeavour Silver Corp
Signs Financing Term Sheet for US$7.5m Silver/Gold Loan Facility
VANCOUVER, BC / ACCESSWIRE / December 18, 2020 / VanGold Mining Corp (the "Company" or "VanGold") (TSXV:VGLD) is pleased to announce that it has signed a binding letter agreement with Endeavour Silver Corp. ("Endeavour") (EXK)(EDR) to acquire the El Cubo mine and mill complex located 8km by road northeast of the Company's El Pinguico silver-gold project near the city of Guanajuato, Mexico.
El Cubo Complex:
The Company has signed a binding letter agreement with Endeavour (the "Endeavour Agreement") to acquire the El Cubo Mine and Mill complex (the "El Cubo Complex"). With a rated capacity of 1,500 tonnes per day, the El Cubo Complex included two operating underground silver-gold mines and a flotation plant and employed over 350 people and engaged over 200 contractors until Endeavour suspended operations at the end of November 2019. For the year ended December 31, 2018, Endeavour produced a total of 4,578,940 silver equivalent (AgEq) ounces at the El Cubo Complex at an all in sustaining cost (AISC) per ounce of US$8.86 (2019 - 1,923,944 AgEq ounces at an AISC of US$14.85).
Currently, the El Cubo mine, plant and tailings facilities are on short term care and maintenance and VanGold intends to re-start the mill at approximately 750 tonnes per day using mineralized material from its surface and underground stockpiles at its El Pinguico project as a significant portion of its estimated throughput for the first 36 months of operation.
VanGold Director Daniel J. Oliver said, "[i]This is a transformational acquisition for VanGold Mining. Our preliminary internal financial model shows a swift path to restarting production, a favorable payback period, and robust cash flows with silver at US$23 and gold at US$1850."
As part of the El Cubo Complex, VanGold will acquire the El Cubo mine including remaining historical resources (see "Mining History of El Cubo Complex" below), the El Cubo mill (also known as the El Tajo mill), and approximately 7,000 hectares of prospective mining concessions located adjacent to the El Cubo mill and within the greater Guanajuato mine region. The Endeavour Agreement remains subject to acceptance of the TSX Venture Exchange (the "TSXV").
Mining History of El Cubo Complex:
Mining on the El Cubo Complex has occurred since the 17th century. The Sierra structure, which includes the El Cubo Mine and the adjacent Peregrina Mine …., accounts for much of the gold and silver produced in the Guanajuato district - on the order of 2,000,000 ounces of gold and 80,000,000 ounces of silver.[ii] Gold was originally mined from shallow pits near the San Eusebio vein, one of those on the El Cubo concessions which later produced significant amounts of gold and silver. In the 19th and 20th centuries, mining at El Cubo focused on northwest striking veins known as the Villalpando, Dolores, La Loca, and La Fortuna, and production was divided between many operators… At the time, significant grades and widths were encountered on the Villalpando vein, including shoots up to 4 m wide and intercepts which assayed close to 1 kg of silver per tonne. (Source: NI 43-101 Technical Report prepared for Endeavour Silver Corp. by Hard Rock Consulting LLC., of Lakewood Colorado - Amended March 2018).
As reported by Endeavor on January 29, 2020 [iii], as at December 31, 2019, the El Cubo Complex contained the following silver-gold resources:
| Resource | Tonnes | Ag g/t | Au g/t | Ag oz | Au oz | Ag Eq oz |
| Measured | 19,000 | 224 | 1.89 | 140,000 | 1,200 | 236,000 |
| Indicated | 32,000 | 209 | 2.03 | 214,000 | 2,100 | 382,000 |
| Inferred | 463,000 | 163 | 1.89 | 2,419,000 | 28,200 | 4,675,000 |
VanGold is not treating these estimates as current mineral resources as a qualified person on behalf of VanGold has not done sufficient work [iv] to classify these estimates as current resources. [v]
The Endeavour Agreement:
Chairman and CEO James Anderson said: "We are delighted to have come to this agreement with Endeavour - and look forward to welcoming Endeavour as our largest shareholder. After working well with the Endeavour team during our 1,000-tonne bulk sample in June 2020, it became clear that El Cubo would be the perfect production fit for VanGold. The availability of mineralised material from El Pinguico's surface stockpile, El Pinguico's underground stockpile, El Pinguico's remaining high grade historical stopes and pillars, as well as El Cubo's historical resources gives us great flexibility in deciding where to source material for the mill, and how to sequence that throughput."
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Die Details zum Kaufpreis habe ich gekürzt, da das Posting zu lang wird, stehen aber im vorherigen Meldung von Endeavour Mining.
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Closing of the Endeavour Agreement is subject to satisfaction of certain conditions including final due diligence by VanGold, financing (see "Financing for the Acquisition" below) and receipt of all requisite third party and regulatory approvals including the acceptance of the TSXV on or before March 17, 2021, failing which either VanGold or Endeavour may terminate the Endeavour Agreement.
About Endeavour: Endeavour Silver Corp. is a mid-tier precious metals mining company listed on the NYSE as EXK and TSX as EDR. Endeavour owns and operates three underground silver-gold mines in Mexico and is currently advancing the Terronera Mine Project towards a development decision. Endeavour is also exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer.
Financing for the Acquisition:
VanGold also announces that it has signed an indicative term sheet with a Swiss based metals trading firm to provide US$7.5m of financing in the form of a gold and silver loan in support of VanGold's acquisition of the El Cubo Complex. The loan will be for a term of 16 months, secured against VanGold's assets and repayable over a period of 12 months (following a four month grace period) by VanGold delivering fixed monthly ounces of gold and silver produced through the El Cubo mill at a discount to the prevailing spot price. VanGold estimates the amount of gold and silver required to repay this loan facility will represent approximately 33% of the projected gold and silver to be recovered by VanGold from operations at the El Cubo mill during the 12 month repayment period of the loan. This financing is subject to various conditions of the lender including completion of satisfactory due diligence, execution of binding loan and security documentation and TSXV acceptance, which both parties anticipate completing in early 2021.
"James Anderson"
Chairman and CEO