IAU, GNG, MIRL, AXU, CEE
Given the way PG pivoted towards Nevada during its transition into bcomeing i-80 Gold aka IAU, I have been expecting this move for a while. As of May 19, they hey will be listed on the NYSE using the symbol IAUX
ca.finance.yahoo.com
For the last few years Golden Goliath Resources aka GNG has been beavering away at its Kwai property in western Ontario, finding all sorts of positive indicators for gold but never anything substantial. Perhaps they are now pivoting away from Kwai, because their latest PR is all about the upcoming exploration on their Wish Ore gold prospect, located not too far away from Kwai. Past prospecting has found some decent gold values plus mineralized boulders in several locations. These leads will be followed up in the coming months with geophysics and more mapping and sampling.
Message 33845109
Minera IRL aka MIRL released its quarterly reports. They continue to limp along , managing to lose money in spite of the high price they are getting for the gold produced by its Corihuarmi min in Peru. No surprise with this bunch, we get no word on developing or selling the Ollachea mine, also in Peru, or on getting rid of its corrupt CEO who is not only vastly overpaid but also siphons shareholder money to friends and family via secret subsidiaries.
Message 33845118
Alexco aka AXU released its quarterly report for its silver/lead/zinc mines and mill in the Yukon Territory. This was an other quarter of development, with ore mined up over 60% from last quarter, much of that production occurring in March. Bermingham continues to deliver as expected, while mining began at Flame & Moth. As expected, although the volume of ore processed at the mill was up, grades and therefore production of metals were down compared to last quarter. The declines should be reversed in Q2 with increased mining volume at higher grades. AXU will also begin a major exploration drilling campaign this quarter.
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FWIW, RBC finally got around to releasing a new analyst report on Centamin aka CEE two weeks after they released their Q1 results. The underline what they call 'optionality' -- I would call them future catalysts -- that are likely to move the share price upward, but for now kept them at Outperform with a target of $C2.21.
I will mention that the IKN newsletter, saying that you can't 'fight the Fed', has lowered the rating on the more speculative of its recommendations, and is selling a few others.
I will also mention that Saville continues to believe the US Dollar Index is close to a top, and not coincidentally, that gold and gold stocks are close to a bottom. As with IKN, he is currently building his cash reserve. |
