RCKS talk

Sunday, July 31, 2016 Derek Macpherson

As Predicted NMI Increases Guidance after Strong Q2

Download Report

Newmarket Gold Inc. (TSX:NMI) increased production and reduced cost guidance for 2016 along with reporting Q2 financial results. After exceptional operating results, we suggested that Newmarket was likely to increase guidance, which could see Newmarket partially close the valuation gap to peers, which it did. Not only did Newmarket have strong production, it saw improving operating and all-in sustaining costs (AISC), along with strong financial performance. The strong quarter was driven by higher grades and recoveries from the company’s flagship asset, Fosterville. In our view continued operating execution along with continued exploration success at Fosterville, should see Newmarket close the current valuation gap to peers.
 read more


Thursday, July 28, 2016 Derek Macpherson

GQC to Start Drilling in August

Download Report

GoldQuest Mining Corp. (TSXV:GQC) is commencing the planned 10,000 m drill program (40 holes) in early August at it’s 100% owned Tireo Property in the Dominican Republic. Recent geophysical and surface work has identified new targets, as we discussed in our recent post. The program is expected to focus on the 15 km long section of the Tireo Belt that has never been drilled and is located in between the company’s Romero deposit and Precipitate Gold Corp’s (TSXV:PRG) Ginger Ridge discovery. As well, GoldQuest announced that it plans to release the planned prefeasibility study in September. We expect both the ongoing de-risking of Romero (prefeasibility study) along with exploration success, should it occur, to be positive catalysts for GoldQuest’s share price.
   read more


Wednesday, July 27, 2016 Derek Macpherson

Integra Commences Triangle Ramp Development

Download Report

Integra Gold Corp. (TSXV:ICG) announced it has started the development of the Triangle deposit exploration ramp at its Lamaque-South gold project in Val d’Or, Quebec. This ramp is an important development step for Integra as it will allow them to demonstrate resource continuity, both with tighter spaced drilling and a bulk sample. This is particularly important to demonstrate the continuity of the “C” zones, which carry the majority of the ounces at the Triangle zone and are believed to be amenable to higher productivity mining methods. It is worth noting that Integra’s current valuation appears to incorporate takeout speculation and assumes resource continuity, making this program critical, as demonstrating continuity is likely to lead to an acquisition by a mid-tier or major mining company. read more


Wednesday, July 27, 2016 Derek Macpherson

Hollister Finally in the Right Hands

Download Report

Klondex Mines Ltd. (TSX:KDX, NYSE MKT:KLDX) finally announced that it has entered into a purchase agreement to acquire the Hollister mine, along with other assets for ~US$90 million (cash, debt, shares and warrants). Klondex’s management team knows the asset well and the Midas mill, which Klondex acquired in early 2014, has always been a logical destination for Hollister’s ore. This acquisition has long been expected and we believe Hollister should add to Klondex’s growth profile. We expect both Hollister and True North development plans to be positive catalysts for Klondex’s share price later this year.
 read more


Tuesday, July 26, 2016 Derek Macpherson

ER Initiates 63 km Drill Program at Clearwater

Download Report

Eastmain Resources Inc. (TSX:ER) has announced a 63,300 m (C$7.7 million) drilling program at the Clearwater Property in Quebec’s James Bay gold district. The majority of the drill program is focused on infill drilling at the Eau Claire deposit (~82%) with the balance focused on step-out holes at Eau Claire and regional exploration. As well, with the addition of new technical personal, the company is undertaking a comprehensive development review of the Clearwater project. It is likely that ongoing drill results, along with a project development plan that we expect to be viewed with higher confidence by investors should provide continued momentum for Eastmain’s share price.
 read more


Monday, July 25, 2016 Derek Macpherson

Despite Planned Shutdown GSC On-Track to Meet Cost Guidance

Download Report

Golden Star Resources Ltd. (TSX:GSC, NYSE MKT:GSS) reported Q2 2016 financial results which reflected the planned 2.5-week shutdown. On previously reported production of 42,472 oz, Golden Star reported consolidated operating cash costs of US$959/oz for Q2 and US$826/oz for H1 2016. Despite higher costs, the rising gold price saw CFPS before changes in working capital increased 75% QoQ to US$0.07. In our view, the 33% higher costs QoQ is likely reflective of the planned shutdown and we would expect costs to improve in H2 2016, particularly since the higher grade ore from Wassa underground is expected to hit the mill in H2. Based on these results and the expected improvement, we believe that Golden Star remains on-track to achieve both production and cost guidance in 2016. read more


Thursday, July 21, 2016 Derek Macpherson

NUG Releases Okay Drill Results from Iceberg

Download Report

NuLegacy Gold Corp (TSXV:NUG) released assay results from the first ten holes of its planned 40 hole (10,000m), 2016 drill program. Holes were primarily focused on stepping out from areas of known mineralization at the Central and North zones of the Iceberg gold deposit. While these step-out results were not, spectacular, particularly with respect to grade, they are likely additive to the growing resource at Iceberg and suggest that exploration upside remains. With an active exploration program, a prospective land package in the Cortez trend and a planned resource update later this year, NuLegacy is expected to have steady news flow this year, which should provide positive momentum for the stock.
 read more


Thursday, July 21, 2016 Derek Macpherson

ICG’s Excellent No. 4 Plug Results Support Current Valuation

Download Report

Integra Gold (TSXV:ICG) announced the final results from the No. 4 Plug deposit winter drill program, which were highlighted by some exceptional results including: 21.4m at 12.58 g/t Au (P4-15-029), 14.4m at 7.37 g/t Au (P4-15-029) and 14.3m at 7.22 g/t Au (P4-15-031). With the current No. 4 plug drill program complete, Integra plans to complete a resource update for this zone by year end. This zone is important as it could be a complimentary production area to the Triangle zone which would suggest that the ultimate production rate could be higher than currently envisioned. This exploration/production backfills the stock’s current elevated valuation which appears to be reflecting takeout speculation. read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.