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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: LoneClone9/15/2022 4:57:23 PM
1 Recommendation

Recommended By
Anchan

   of 78405
 
MIRL, BTO

Although the primary focus of Minera IRL aka MIRL continues to be enriching the overpaid CEO and the unqualified relatives and friends he hires to work for him at the company, they has found a bit of time and money to do some actual work.

They have been conducting a very slow drilling programme at the producing Corihuarmi gold mine in Peru, which was originally supposed to run out of ore to mine in 2012 but is still going strong. This drilling is aimed at further extending the mine life, and judging by the intercepts they are pulling, some of which exhibit multiples of the gold grade the mine has been generating profits from, they have been successful so far. We will also be getting an updated Resource Estimate, perhaps by the end of the year.

Message 33997851

B2Gold aka BTO released more drill results from the extensive programme underway at its Fekola gold complex in Mali. This set of results, from Anaconda, located 25km north of the main Fekola mine, contains three main positives: 1) the high grade sulphide shoot in the Mamba zone has been extended to 700m down plunge and remains open at depth; 2) the first results from the Cobra zone, located 2km east of Mamba, indicate the potential for additional resource upside; 3) a new set of studies evaluating various scenarios for the entire Fekola Complex including Anaconda are underway for completion including Anaconda is expected to be completed by the end of the year.

Message 33999274

In response, TD issued a new analyst report seeing the impact of the PR as Positive but keeping BTO at Action List Buy with a target of $9. TD opines that production from Anaconda could begin as early as Q2 next year.

Savile points out that gold has done very well in most currencies besides the US dollar of late. and that during 2018-2020 and 2007-2009, the most recent global economic busts, it also went up in other currencies first and the $US last.
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