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

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From: LoneClone	5/4/2022 2:34:06 PM
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BTO, IAU i-80 Gold aka IAU released the results from the final hole of the recently-completed drill campaign in the South Pacific Zone of its Granite Creek gold project currently under development in Nevada. It is anticipated the the SPZ and the nearby Ogee Zone will be accessed by extending existing underground workings, so coming up with 16.3 g/t Au over 15.7M and 33.7 g/t over 3.7M in a hole right next to those workings is great news. Over the rest of the year, the existing decline will be extended into the SPZ even while they carry out more drilling followed by a Resource Report. The SPZ remains open along strike and at depth, so the Resource Report, which will include the Ogee Zone, could be spectacular. Message 33828526 B2Gold aka BTO released its latest financial quarterlies, and they were pretty darn good. Earning came in above expectations due to costs being lower than expected, with cash costs at $699/oz Au. BTO has already told us that the second half of the year is expected to be stronger, so if they can maintain these low costs they will generate a great deal of cash flow, which as far as I can tell is not yet reflected in the share price. As always, the major risk factor for BTO remains the location of several of its mines in Burkina Faso and especially unstable Mali. Message 33829871 FWIW, in response TD issued an analyst report on BTO which saw the release as Slightly Positive but kept the rating at Buy with a target of $9.50. Meanwhile BMO kept them at Outperform with a target of $7.

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