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

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Anchan

From: LoneClone	3/29/2022 2:33:17 PM
	1 Recommendation of 78405

Enedeavour Mining aka EDV published its annual report for last year. I didn't see anything that hasn't already been released -- which isn't to say I am correct in that assertion -- other than that Q4 cash costs declined even further to only $639/ oz Au produced. ca.finance.yahoo.com For Edison's thorough review of what is in EDV's annuals, see this link. As Edison points out, even though they had already adjusted their numbers upwards on the basis of previously published information, EDV still beat those adjusted numbers handily, marking the ninth straight year of outperformance. And based on average multiple of its gold mining peers, they see a fair price for EDV as $C50.93. EDV remains materially discounted relative to their peers. edisongroup.com i-80 Gold aka IAU released its Q4 and annual results. As they are not quite in production yet, this NR is mostly a recap of their accomplishments as they amassed a number of PM deposits in Nevada along with the infrastructure which will be required to bring them into production over the next few years. The new number to note is that at year end they had over $87M in cash on hand as well as over $50M in restricted cash. Together with the gold prepayment and silver stream deals they have in place, this will be more than enough to cover capex and opex until they become cash flow positive. Message 33779145 Rio2 aka RIO announced they had received from WPM the first $25M of the gold stream prepayment for the Fenix gold mine they are developing in northern Chile. Another $25M will be be forthcoming when they get the EIA permit, expected in March, so they are all set up to get construction underway as permits allow. ca.finance.yahoo.com

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