#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

@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.