#Gold #MiningStocks are breaking out on #TSX

#Gold #MiningStocks are showing attractive trend, momentum, RSI & volatility, says Paradigm Capital's Technical Analysis Team.

Reality vs. the PowerPoint Desktop Fantasy: @NeilRingdahl on the #Economics of #OpenPit #Mining & its impact on a Mining Co's success

This is an excellent thread from @NeilRingdahl on the Reality vs. the PowerPoint Desktop Fantasy of Open Pits.

Should Be Mandatory Reading for All #MiningStocks Investors.

Sensible & good strategic & tactical mine #planning are essential for the success of Mining Companies.  


Thread by @NeilRingdahl: 1/23 #Economics of #OpenPit #Mining & its impact on a Mining Co's success. 

Will #Gold #miners struggle to maintain 2019 production levels?

Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, will Gold miners struggle to maintain 2019 production levels, as Wood Mac says? 

Integra Resources' $ITR.v #DeLamar #Gold project in #Idaho gearing up for a potentially very interesting summer and fall $IRRZF

"At $1350 the project has an NPV5 of $357M US with an IRR of 43% and a 2.35 year payback. At $1500, the NPV increases nearly 30% and at $1700 it rises by nearly 70%."

"What could potentially be uncovered and thus the future prospects of the project is where my excitement is focused on today."

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall.  

EconomicAlpha's High Grade Blog has a great write up on the project and company. 

Integra Resources – A Summer and Fall To Watch

Posted on June 21, 2020 by EconomicAlpha

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall. On its recent investor deck, Integra states "DeLamar has what it takes to be a mine. The PEA has demonstrated an economically robust, low cost operation." This is certainly valid and a nice determination of where they have been. What could potentially be uncovered and thus the future prospects of the project is where my excitement is focused on today.

Integra last year put out a robust PEA that envisages a project that will produce 124,000 ounces gold equivalent with a LOM AISC of $619 net of silver by-product with a 10 year mine life at a reasonable capital cost of US $161M. A very nice starting point.

.@Oreninc #Mining Financings Index fell in week ending June 5, 2020 to 47.29 with only $52.8 million raised, 9-week low, from 70.52 a week ago.

The Oreninc Index fell in the week ending June 5th, 2020 to 47.29 from an updated 70.52 a week ago as the finance surge ebbs  

Last Week: 70.52 (Updated)
This week: 47.29

Summary

• Number of financings decreased to 35.

#Gold Companies In, #Energy Out! $DPM, $EQX, $LUG, $SIL, $TGZ Added to S&P/TSX COMPOSITE INDEX

#Gold Companies form the core of companies Added, while Oil & Gas Co.'s represent majority of Deletions.

Dundee Precious Metals ($DPM), Equinox Gold ($EQX), Lundin Gold ($LUG), SilverCrest Metals ($SIL), Teranga Gold ($TGZ) Added to the S&P/TSX COMPOSITE INDEX 

#Gold Companies In, #Energy Out!

S&P Dow Jones Indices Announces Changes to the S&PTSX Composite Index and S&PTSX 60 Index.html 

TORONTO, June 12, 2020 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index and S&P/TSX 60 Index prior to the open of trading on Monday, June 22, 2020:

#Gold starting the week down, but still (barely) holding the $1700 level, last $1708.10/oz. $GLD

#Gold starting the week down, trying to hold the $1700 level. 

https://mastermetalsblog.blogspot.com/p/24-hour-spot-gold-silver.html#.Xudsp-BvQ9w.blogger

24 Hour Spot Gold & Silver: Gold Charts Silver

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@MasterMetals

Raising Cash: @NewGoldInc sells Blackwater #Gold project for $190MM to Artemis - $NGD $ARTG.v

New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash.

The terms of the deal are as follows:

- New Gold will be paid $140 million upon closing and $50 million in 12 months. 

- It will also receive a stream on 8% of the gold produced at Blackwater, falling to 4% after New Gold receives the first 280,000 oz. of gold

- $20 million in Artemis shares for a 9.9% stake in the company.

The Blackwater project, about 160 km southwest of Prince George and 446 km northeast of Vancouver, currently has 8.2 million oz. of gold in proven and probable reserves and 60.8 million oz. of silver. The project's measured and indicated resource, exclusive of reserves, stands at 1.4 million oz. gold and 8.9 million oz. silver.

Read the rest of the release here on the Canadian Mining Journal: 

http://www.canadianminingjournal.com/news/new-gold-sells-blackwater-to-artemis-for-190m-in-cash 

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MasterMetals

Junior #MiningStocks Investor Checklist How to Avoid Common Mistakes -Part 1: Team

Junior mining stocks - small publicly-traded companies looking to hit the jackpot with a big discovery - are well-known for offering both extremely High Returns, with the correspondingly High Risk.

In  order to help the investor separate the wheat from the chaff among the universe of thousands of available companies out there, Visual Capitalist, in partnership with Eclipse Gold Mining, is putting together a five-part series on the mistakes investors commonly make when evaluating mining exploration stocks. 

The first instalment covers the Management Team, focusing on what to look for, including the characters you’ll want to avoid! 

The second part covers the Business Plan, or lack thereof!  The upcoming parts in the series will cover jurisdiction, project quality, and more.

From Visual Capitalist:

Management Team Checklist

If you’ve ever researched mining exploration stocks before, it doesn’t take long to realize that every company will talk about how “great” their team is.

Here’s a few steps to ensure that the team is actually great — and not filled with pretenders.

Step 1: Avoid the Bad Characters

The mining stock universe can be filled with interesting and amusing characters, but many of them are not there to generate you a return. Here are the personas you should aim to avoid:

1. 

   The Pump n’ Dumper

   Accumulates stock at insanely low prices, raises money, and then uses gray-area promotional strategies. Sells stock as soon as price is high enough to make a profit.

Bravo! Great Bear @greatBearGBR Drills 30.51 g/t #Gold Over 12.40 m at LP Fault $GBR.v

Great Bear Drills 30.51 g/t Gold Over 12.40 m at LP Fault

June 8, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, "The LP Fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest drill interval to date.  Deeper drilling towards the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area.  Having completed our upsized private placement, we have over $50 million in cash and sufficient capital to continue aggressive drilling into 2022.  Updated exploration plans reflective of our ability to undertake an expanded fully-funded drill program will be provided in the near future."

The Company has completed 111 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program.  Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively.  An updated long section of the LP Fault drilling is provided in Figure 2.

Drill Results Highlights:

New drill hole BR-133 on section 20050 was completed in a 140 metre gap in drilling.  It contained multiple mineralized intervals, highlights of which include:

• 30.51 g/t gold over 12.40 metres, including 103.56 g/t gold over 1.10 metres, within a broader interval of 15.45 g/t gold over 25.15 metres, beginning at 163.35 metres down hole. Figure 3.
• This is the widest, highest-grade gold interval drilled at the LP Fault to date.  Mineralization is present at the bedrock surface.

#ETF #Gold holdings hit record high in May World @GoldCouncil $GLD

Gold holdings by ETF's reached an all-time high of 3,510 tons 

North American funds increased holdings by 102 tons, while those based in Europe added 45 tons, the WGC said. Asian-listed funds added 4.4 tons, while other regions had inflows of 2.6 tons.

Among individual ETFs, SPDR Gold Shares posted the biggest inflow, adding 67 tons, while iShares Gold Trust added 20 tons. Aberdeen Standard Physical Gold Shares led "low-cost" with an increase of 4.1 tons, the WGC said.
Meanwhile, two U.K.-based funds led European inflows: iShares Physical added 23.3 tons, while Invesco Physical Gold added 6.9 tons.

See the whole article here: https://www.kitco.com/news/2020-06-04/WGC-ETF-gold-holdings-hit-record-high-in-May.html

Correction may be coming in $GDX, $GDXJ, but the Textbook bullish setups in #Gold & Gold stocks continues

Textbook bullish setups in gold & gold stocks

It appears the Gold sector is in a correction that could become its most serious since March.

GDX has corrected 13% while GDXJ has corrected nearly 15%. Silver meanwhile has held up much better than Gold, which failed to break resistance at $1760/oz.

During the rapid rebounds of 2008 and 2016, corrections in the gold stocks tended to be 17% to 20%.

There were far more of those in 2008 and 2009 than in 2016. Corrections are a good thing as they pave the way for new buyers and new adopters, which in turn, strengthens the trend.

In only a matter of days, GDX and GDXJ nearly touched our downside targets.

Regardless of how much longer or how much deeper this setback is, it is important to keep the big picture in mind. Gold and gold stocks, in particular, have precise, bullish setups with the potential for huge moves over the next 12 to 18 months.

Let's start with the large gold stocks.

GDX just broke out from a 7-year base.

The term "breakout" gets applied to almost every wiggle in the market. It irks me because it takes attention away from the real breakouts, like what just happened in GDX.

It's a breakout with implications for the next several years, and recent action could merely be a retest of the breakout. That is typical and textbook. 

GDXJ is correcting after reaching 7-year resistance for the first time since 2016. That's normal as breakouts do not typically occur on the first try.

It hasn't broken out yet, but odds are it will sooner rather than later.

The setup in Gold is not as immediately bullish as what we see in the gold stocks, but there is a long-term bullish setup.

Gold, which has been unable to surpass $1760/oz, has stiff resistance at $1800/oz and $1900/oz.

If Gold can reach $1900/oz, then it will show a potential cup and handle pattern which, upon a break past $1900/oz, projects to a measured upside target of $2,750/oz.

Whether the current correction lasts another two weeks or seven weeks (pick a random number) it will not change the larger bullish setup that is in place for Gold and especially the gold stocks.

Although they have come very close to our correction targets, I would give it more time. A record two-month rebound in the gold stocks is not going to correct itself in only one week.

I would also take our cues more from the stocks than the metals as they figure to be a better leading indicator.

As I wrote last week, if you are fully invested, hold your positions.

If you need to deploy cash, make your company list and accumulate on weakness.

https://www.kitco.com/commentaries/2020-06-01/Textbook-bullish-setups-in-gold-gold-stocks.html

#Australia's #Gold production down. Low-grading due to record $AUD prices contributes to fall

Australia's gold production fell by 12% in the March quarter, according to industry data compiled by Surbiton Associates 

• Many operators are taking advantage of the extraordinary rise in Australian dollar gold prices through 2019 and early 2020.
• The Australian dollar gold price rose 30% year-on-year to average A$2,410 an ounce in the March quarter.
• "The March quarter 2020 saw a sector-wide reduction in both grade treated and tonnes treated, compared with the previous quarter and also there one less day in the period."
• COVID-19 pandemic has had a minimal impact on Australian gold output, according to report. 

See the whole article here: Australia's Gold production down - Mining Journal

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@MasterMetals

#Bitcoin is busting through $10,000 $BTC

#Bitcoin

is busting through $10,000

https://mastermetalsblog.blogspot.com/p/crypto.html#.XtWZp0-v5p1.twitter

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MasterMetals

@MasterMetals