How Much Of The Move In Gold Is Thanks To USD Weakness?
Editor of TheDailyGold.com Jordan Roy-Byrne joins me today to share some insights on gold’s performance against foreign currencies. We look at the metals stocks in terms of levels Jordan continues to watch. Overall Jordan is seeing a number of things line up this year for the metals.
Click here to visit Jordan’s website.
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JAGUAR MINING INC. Fourth Quarter and Full Year 2017 Operating Highlights:
Total gold production in 2017 was 84,151 ounces, reflecting 22% increase year-over-year in production at Pilar to 34,017 ounces, the highest production since 2012.
Increased total gold production to 21,311 ounces in Q4 2017, up 2.5% compared to 20,780 ounces in Q3 2017; however, lower compared to 25,408 ounces in Q4 2016. Improved progress at Turmalina: 12,245 ounces of gold produced in Q4 2017, 27% higher over Q3 2017.
Turmalina average grade recovered significantly in Q4 2017, up 42% to 4.41 g/t Au over Q3 2017 reflecting mining from higher-grade area of Orebody A. Mining volumes continue to increase from higher grade Orebody A with more working stopes.
Pilar average head grade of 3.46 g/t Au in FY 2017 was the highest annual average grade since the start-up of the mine. Year-over-year head grade increased 14% in Q4 2017 and 5% for full year 2017.
Completed 13,973 m or 41% more definition, infill and exploration drilling metres in Q4 2017, compared to 9,914 m in Q4 2016 and 21% more metres than Q3 2017.
Ex, what will it take to give this old dog some life. DT
Higher gold, DT. That’s all.
Matthew said it. Higher gold prices. Jaguar is one of the best optionality plays on rising gold I’ve seen because it is just barely hovering on break-even to profitability, so as the Gold price rises, it has a major effect on a percentage basis on its margins, economics, price to earnings, etc….
Also, they have 3 mines at 2 mining complexes going, but they have a 4th mine and a 3rd processing center on care and maintenance that the can put back into production when the prices are right for another kicker.
In 2016 JAG had a nice move higher, but in 2017 a fund sold off Jaguar hard for no real apparent reason, and the company issued a statement that they weren’t aware of any reasons why the stock was being sold down. The miners we weak last year, but Jaguar suffered worse even though it continued to tweak it’s efficiencies.
They just had a really good 4th quarter, so if they keep this up an and the metals prices improve, JAG should have a substantial re-rating.
To be clear on the “Optionality” JAG only needs Gold to get into the high $1300’s or the low $1400’s to have a dramatic effect on its bottom line.
In contrast, many Developers and Explorers promoted as “optionality” plays need Gold about another $100-$200 above that to even get to parity, so we aren’t talking about some far off goal.
We should see Gold get into the high $1300’s and low $1400s this year, and that should get the party started with Jaguar Mining.
(JAG) (JAGGF) Jaguar Mining – Corporate Presentation:
https://www.jaguarmining.com/site/assets/files/2212/2017-11-07-cp_jag-1.pdf
Thanks Ex and Matt. DT
Amid the wild Bitcoin ride that’s wiped more than 40 percent off the cryptocurrency’s price in a month, a pattern may be emerging: sellers are switching out of digital gold and into the real thing.
Some supports for gold (GLD):
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=13&id=p81090166132&a=557593618
Today’s high in unlikely to result in a decline like the one we had following the September high.
John Williams.
Inflation our way cometh:
https://www.youtube.com/watch?v=GFWrM3BTGKI
OMG CFS
JW = Clown was calling for hyperinflation 10 yrs ago!
Not directed at you below.
Man so many bone heads. So much fear mongering from the gold community clowns. Just read BoBos site at 321 years all the way back about the fake economy. The DOW was going to cash year in and year out..Peter Schiff WOW…and Predictions of a breakup of the US into little pieces. Theres a million of them.
BoBos a one trick pony. My Grand daddy, my Daddy nor I have NEVER needed PMs. But the BS these clowns and web sites were pushing was just crap. I just sold my dope stocks for a 440% profit from 5 months. I was touting them here way back.
I SAID 4 yrs ago the stock markets would ROCK….Nobody got that right but me and a couple others… I argued with clueless Bobo….He said 5 yrs ago If the DOW went way up gold would go up more. Howz that working for you.
Gold…you destroy the landscape, burn a crap load of oil then stuff it in a safe where nobody sees it.
Gold Mines are a hole in the ground with a liar up top….What a crap shoot…..Bobo made a sh*t ton on adverts though!! Look back at the mega bogus calls on gold from all the gold pumpers.
I own energy companies. Good quality that pay a nice dividend that you can rely on.
Bob you were a fear mongering goof ball.
Like clockwork, Bill stops in at KER to take a dump.
Thanks, Bill!
No Sched.
But right on the money.
Read what I said eons ago. Bobs got the crash call out AGAIN! Sorry what we need now is a sharp declined then there will be a major move up. Like I said ahhhh years ago. Put it up on the fridge…..Was right as hell.
Golds on a rally…so is fertilizer. Since around May my Fert is up 18% and 2% Div. Golds up around 9%. My in and out is $8…..Gold blows.
Bobs called for more market crash then I have socks! F idiot.
Inca One Gold Corp – Jan 2018 Corporate Presentation:
http://incaone.com/_resources/presentations/IO_Corporate_Presentation_January_2018.pdf
The weekly chart shows very good potential beyond any short term concerns:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=9&dy=6&id=p84728219111&a=571126319
I will be very surprised if we don’t see $1,500+ this year…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=6&mn=1&dy=0&id=p21098868993&a=518191187
Stuck between two forks:
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=13&id=p28254988381&a=552058644
I haven’t altered the following chart in one year and I don’t think I will need to. What I have been expecting looks more likely than ever…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=6&mn=11&dy=0&id=p08141290163&a=501128971
Weekly line chart (the line is made of weekly closes):
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=7&dy=0&id=p95622678260&a=538093503
Globe says new coverage rates (TK) Tinka “speculative buy”
2018-01-16 – Stockwatch
“The Globe and Mail reports in its Tuesday, Jan. 16, edition that Canaccord Genuity analyst Kevin MacKenzie, calling Tinka Resources (75 cents) a “clear standout within the zinc space,” began coverage with a “speculative buy” rating. The Globe’s David Leeder writes in the Eye On Equities column that Mr. MacKenzie calls Tinka a “strong” merger and acquisition candidate.”
Mr. MacKenzie set a share price target of $1, which is a nickel lower than the consensus. Mr. MacKenzie says in a note:
“Given the overall size and grade of the Ayawilca deposit, we view Tinka to be one of the most attractive takeout candidates within the zinc exploration/pre-development space. In contrast to many of its peer comparables, which are focused on repositioning last cycle projects, Tinka continues to stand out, given its ongoing discovery momentum. We note that the Ayawilca project is well situated within the heart of central Peru’s polymetallic belt, with numerous mid-tier to senior company operations within the region. Overall, we view Tinka as potentially an attractive acquisition for such local operators as Nexa, Volcan and Trevali.”
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTK-2558089&symbol=TK®ion=C
Sounds good……bidding war between the 3 would be great!!!👍
(JAG) (JAGGF) Jaguar Mining Reports Q4 and Full Year 2017 Production and Provides 2018 Outlook
Rodney Lamond, President and CEO, Jaguar Mining commented:
“In 2017, we made meaningful progress at our core producing assets Turmalina and Pilar mines in terms of production, exploration and managing cash costs company-wide. Turmalina delivered improved fourth quarter results compared to the previous two quarters in both head grade and gold production following accelerated development and stoping activities into new high-grade mining areas of Orebodies A and C. As head grades continue to increase at Pilar, we expect lower cash operating costs and increasing gold production in 2018, potentially at new record levels”.
http://www.kitco.com/pr/1738/article_01172018072936.pdf