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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone	3/23/2022 2:49:00 PM
	of 78405

B2Gold aka BTO released an updated Resource Report for the Anaconda gold deposit located 20km from their producing Fekola mine in Mali. It is anticipated that saprolite ore at Anaconda will be mined via open pit and trucked to Fekola for processing beginning next year. And it should be a significant contribution. The Indicated resource, all oxides, includes 32.4Mt @ 1.12 g/t containing more than 1.1M oz Au, while the Inferred resource, mostly sulfides but also with a significant oxide component, includes 54Mt @ 1.20 g/t containing more than 2M oz Au. (These figures use a $1600/oz Au cutoff; numbers are also available in the Resource Report for other cutoffs.) BTO continues drilling at Anaconda to expand the resource, and has also allocated $33M to begin development of mine infrastructure aimed at extracting the oxide ore. Message 33769953 Impact Silver aka IPT released annual results from its silver mines and mills in Zacatecas, Mexico. IPT normally operates around breakeven, but thanks to the high price of Ag (and byproducts Pb and Zn) they actually made a decent profit last year in spite of lower than expected ore grades and cost pressures. I was glad to see them finally getting off their schneids and doing some serious exploration, including buying a drill. They ended the year with over $24M in their cash stash and no debt. They also announced another ambitious exploration for 2022, mostly looking for new ore around their currently and past producing mines, but also looking to define new ore bodies for future production. They are also looking at bringing the Capire mine back into production using new processing technology. High silver prices rescued IPT from what would have been a difficult year in 2021. I am hoping that this year they can do a better job of capitalizing on them by mining more and higher grade ore. Message 33770003

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