Equinox Gold – A Summary Of The Now Merged Company with Leagold
Christian Milau, CEO of Equinox Gold (TSX:EQX and NYSE:EQX) joins me to update everyone on what the Company looks like in terms of production and development assets now that the merger is completed with Leagold. I also have him outline the production guidance and growth estimates through the next tow year.
Please email me with any follow up questions or aspects of the Company you would like more information on – Fleck@kereport.com.
Click here to visit the Equinox Gold website to find out more about all aspects of the Company.
(TML) (TSRMF) Treasury Metals to Acquire Neighboring Goldlund Project, Consolidating an Emerging Canadian Gold District
@newswire on 3 Jun 2020
https://treasurymetals.com/news/treasury-metals-to-acquire-neighboring-goldlund-pr-122704/
(MQR) (MRQRF) Monarch Gold offloads Fayolle to (IAG) IAMGOLD for $11.5M
Jun. 1, 2020
https://seekingalpha.com/news/3579105-monarch-gold-offloads-fayolle-to-iamgold-for-11_5m
(PRU) (PRU.AX) Perseus Mining To Acquire 100% of Exore Resources (ERX.AX)
#IvoryCoast #WestAfrica #TakeOver #Acquisition
https://www.asx.com.au/asxpdf/20200603/pdf/44jbmngbpz2yw8.pdf
(AUU) Aura Announces Proposed Acquisition of Territory Metals Corp.
@newsfile on 4 Jun 2020
https://ceo.ca/@newsfile/aura-announces-proposed-acquisition-of-territory-metals
(PRU) (PRU.AX) Perseus Mining Acquires Exore Resources: How The Deal Stacks Up Against Past Acquisitions
Jun. 3, 2020 – Taylor Dart
“Based on the purchase price of A$56 million enterprise value or US$38 million, the company paid $71.70/oz for Exore’s Bagoe Project, with exploration upside on the company’s large land package”.
“This is in line with what we’ve seen in the past sixteen M&A transactions, but the gold price is 20% higher, suggesting Perseus got a great deal here.”
“This article takes a closer look at what this means for M&A in the sector among explorers, and how the price paid per ounce has progressed with higher gold prices.”
“It was a busy start to the year for M&A in the gold sector with several deals done in the first four months of the year, including Endeavour’s (OTCQX:EDVMF) acquisition of Semafo (OTCPK:SEMFF), Wallbridge’s (OTCPK:WLBMF) acquisition of Balmoral (OTCQX:BALMF), and Argonaut’s (OTCPK:ARNGF) acquisition of Alio Gold (ALO).”
(CRL.AX) Comet Resources – Acquisition of Santa Teresa Gold Project and Stream
Financing up to US$20M
June 4, 2020
https://www.cometres.com.au/sites/default/files/asx-announcements/6981323.pdf
First Mining Gold Starts To Unlock The Value
Jun. 5, 2020 – Peter Arendas
First Mining Gold announced the sale of its Goldlund project to Treasury Metals.
First Mining Gold will receive 130 million shares and 35 million warrants of Treasury Metals, along with a 1.5% NSR royalty and milestone payments.
Treasury Metals wants to merge Goldlund with its Goliath project.
The combined project will have resources over 3 million toz gold that is almost warranted to grow further.
As one can see just from this last week of activity, there are plenty of JVs, project Acquisitions, and Mergers going on in the PM space.
Here is a Merger & Acquisition that has been the most exciting bidding war we’ve seen in the PM space in years, and instead, most commentators are only discussing the TMAC or Alacer acquisitions, which were much more lackluster in comparison.
Again, this is likely because of a jurisdiction bias where most North American investors are just not as interested in (SVM) Silvercorp – a Canadian company, operating mostly in China & Bolivia (via 29% stake in their spinout NUAG), as they bid on a Guyana based distressed producer (GUY) Guyana Goldfields, against a bid from diversified Latin American producer (GCM) Gran Colombia Gold, and now a new “foreign-based multinational mining company”.
There are 3 companies bidding on (GUY), one an un-named mysterious company, so I’m not sure what could be more interesting news in the M&A space, and yet few are even covering it.
Stunning….
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(GUY) Guyana Goldfields Inc. Announces Receipt of Superior Proposal
by @newswire on 3 Jun 2020
Guyana Goldfields Inc. (TSX:GUY) announces that it has received a binding proposal from a foreign-based multinational mining company for the acquisition of all of the issued and outstanding common shares of the Company not already owned by the New Offeror by way of a plan of arrangement. The Board of Directors of the Company has unanimously determined, after consultation with its financial and legal advisors, that the New Offer constitutes a “Superior Proposal” in accordance with the terms of the arrangement agreement between the Company and (SVM) Silvercorp Metals Inc. dated April 26, 2020, as amended on May 16, 2020″
https://ceo.ca/@newswire/guyana-goldfields-inc-announces-receipt-of-superior
Drilling Recommences at the (PGM) (LRTNF) PureGold Red Lake Mine, Targeting Mine Plan Optimization, Aggressive Resource Growth, and New High Grade Discoveries
by @nasdaq on 4 Jun 2020
https://ceo.ca/@nasdaq/drilling-recommences-at-the-puregold-red-lake-mine
(PT) (ISVLF) Impact Silver Announces Restart of Mining Operation in Mexico Guadalupe Production Center, Zacualpan Silver District
@newsfile on 4 Jun 2020
https://ceo.ca/@newsfile/impact-silver-announces-restart-of-mining-operation
(PRG) (PREIF) Precipitate Enhances Copey Hill Epithermal Gold Zone Target at Ponton Project, Dominican Republic
@newsfile on 4 Jun 2020
https://ceo.ca/@newsfile/precipitate-enhances-copey-hill-epithermal-gold-zone
(VZLA) (VIZSF) Vizsla Recommences Drilling at Panuco Silver Project, Mexico
@newswire on 4 Jun 2020
https://ceo.ca/@newswire/vizsla-recommences-drilling-at-panuco-silver-project
(VZLA) (VIZSF) Vizsla Resumes Drilling At Panuco Silver Project In Mexico
by @Goldfinger on 4 Jun 2020
“In the strongest precious metals bull markets silver has a strong tendency to vastly outperform gold. In 2011, as gold was on its way to all-time highs at nearly US$2,000/oz, silver led the charge by rising from $18/oz in August 2010 to nearly $50/oz eight months later:”
“A strong silver price trajectory is often the final key ingredient for the most powerful junior mining bull markets. We have recently begun to see silver take the baton from gold with a strong advance during the month of May which saw silver vastly outperform gold at a magnitude of nearly 10x gold’s performance:”
https://ceo.ca/@goldfinger/vizsla-resumes-drilling-at-panuco-silver-project-in-mexico
(BLK.AX) (BKHRF) Blackham Resources – Golden Age Drilling Delivering for Wiluna
4 June 2020
https://hotcopper.com.au/threads/ann-golden-age-drilling-delivering-for-wiluna.5429418/?source=email
(AR) (ARNGF) Argonaut Gold Announces Resumption of Full Operations at All Mines
June 01, 2020
(ASM) Avino Announces Phased Ramp-Up to Resume Mining Operations
June 1, 2020
https://www.avino.com/news/2020/avino-announces-phased-ramp-up-to-resume-mining-operations/
Before this is over Gold will become a national mania, the stories of wealth are becoming a discussion at the dinner table again. DT
+1 While we are a long way from that point still, I welcome more discussion on wealth, and the steps prudent investors should take to protect it for their family.
Ex:
Thanks for all the updates. I feel like I have lost a day. My wife sent me out into the pandemic to get a new toaster. It better make good toast. Getting tired of sniffing disinfectant. Matthew’s bet on a reversal is getting some legs.
Good luck with the new toaster. I’ve got errands to run today and am stocked up on disinfectant and hand wipes, and hope to make it a brief pitstop.
Yes, there does seem to be some nice movement in the PM sector today.
Hey Ex – Do you know anything about the Antelope project in Nevada EMX optioned to Hochschild? It sounds like the prior mine there wasn’t a big gold producer, but it seems like a pretty large land package.
Hi Charles – I don’t know anything about the Antelope project that EMX optioned to Hochschild, but here’s a blurb off their website. The resources found don’t look very big at present, but I guess Hochschild is optioning it for exploration potential.
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“The Antelope Project is located in the Illipah mining district of western White Pine county, Nevada. The Project is adjacent to the past producing Illipah open pit gold mine. Although the mineralization on the adjacent Illipah mine property provides geologic context for the Antelope Project, this is not necessarily indicative of mineralization hosted on the Company’s property. The Illipah deposit was discovered by Tenneco Minerals in 1981, and put into production by an Alta Gold-Echo Bay joint venture from 1987-1989 producing 54,198 ounces of gold . ”
https://www.emxroyalty.com/asset-portfolio/united-states/gold-projects/antelope/
It was only in production for 2 years before pricing went to crap for gold, so maybe Hochschild still believes there is a lot of ore left in the ground that they found back in the 80’s.
Correction, it is adjacent to the old mine, so the have no idea what is below the ground there. It seems like odd project for Producer of Hochschild’s size to option, as that looks like a project better suited for a grassroots explorer. One would think that they’d want to buy a project where the geology was better understood and with a defined resource in place, but maybe they want to start doing their own exploration.
Thanks for the info Ex.
Great Interview Cory!
Im an investor in Eqx as well………think it’s a great company with a bright future!
(HL) Hecla Mining: A Mixed Bag
Jun. 3, 2020 – Fun Trading
Revenues were $136.93 million in 1Q’20, down 10.3% from a year ago, and down 39.1% sequentially.
Total production for the first quarter of 2020 was 3,245,469 Ag oz, and 58,792 Au oz for silver and gold, respectively. The limited production was due to mine shutdowns.
“The Idaho-based Hecla Mining (HL) is considered a “silver” stock, but in fact, the production of gold is the primary component for the miner now, with 57.1K Au Oz this quarter.”
I’d point out that in addition to the Gold, that Hecla produced a crap ton more Zinc & Lead than Silver.
(HUM.L) (HUMRF) Hummingbird Resources plc – Earn-in agreement with ARX on the Dugbe Gold Project
June 4, 2020
https://polaris.brighterir.com/public/hummingbird/news/rns/story/r73eyzx