New Gold Producers ... Additions
Defined as - (Oct 07 - Dec 08)
Listed in the order they were posted ....
Western Goldfields
WGI.TO
westerngoldfields.com
Slan (Tom)
Western Goldfields goes to full production by Jan 1 2008. Even though they have continued to pull small amounts of gold, 1000-2000 ounces per year from existing ore on leach pad, I would consider the ramp up to 165,000 ounces per year new production.
Alexis Minerals
AMT.TO
alexisminerals.com
poco
Amc.to is going to start producing in Jan 2008 it is still drilling to find more reserves, they don't have a huge amount yet but they are hoping for a million ounces in the future
Minefinders Corporation LTD.
MFL.to
minefinders.com
dara
MFL.to and EPM.to both have
stated production to start Oct 07.
rnsmth
Minefinders to start production this year - supposed to reach commercial production in early 2008 - MFN on US exchange, not sure what it is in Canada
It is my largest PM position as of Friday. EOM
EUROPEAN MINERALS
EPM.to
europeanminerals.com
dara
MFL.to and EPM.to both have
stated production to start Oct 07.
Metallica Resources
MRB
metal-res.com
Koan
Metallica (MR): John-gold silver with great wts deep in the money will have completed loading three leach pads with each pad loaded with 50,000 oz of gold and 2 million oz of silver by years end.
METANOR RESOURCES
MTO.V
metanor.ca
LC
Add MTO.V to the list of near term Au producers.
Today's MTO.V NR
Mineralized zone extended at the Barry Open Pit
Wednesday September 26, 10:25 am ET
TSX VENTURE EXCHANGE (equal sign) MTO 62,199,624 shares
VAL-D'OR, QC, Sept. 26 /CNW Telbec/ - Metanor Resources Inc. (MTO: TSX-V) is pleased to announce that the first assay results of sampling of extended stripped area could expand the resources of the Barry deposit. Interesting gold values were obtained from classified waste material.
The Gold Resources for the Barry deposit were re-evaluated by Systèmes Géostat International Inc. in compliance with NI 43-101 and are now estimated with a 2 g/t Au Cut-off at:
SEE TABLE
biz.yahoo.com
CENTAMIN
CEE.TO
centamin.com
LC
Aiming to start production on their Egyptian property Q3 2008. Currently P&P = 3.7M oz, Measured = 2.6M oz, Indicated = 4.2M oz, Inferred = 3.6M oz with 9 drills going 24/7.
Semafo
SMF.TO
semafo.com
chip
Semafo Mana Mine Construction Update
ca.news.finance.yahoo.com.
New Guinea Gold
NGG.V
newguineagold.ca
chip
New Guinea Gold Corporation: Sinivit Mine Update
ca.news.finance.yahoo.com.
Dynasty Mining
DMM.TO
dynastymining.com
Ogi
Add Dynasty Mining, soon to be in production with a second mine shortly after that, average grade around 12 g/t. Permits in place...the place Ecuador.
Message 23908023
Anatolia Minerals Development Limited
ANO.TO
LC
TORONTO, ONTARIO--(Marketwire - Sept. 24, 2007) - Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX: ANO.TO) is pleased to announce Bayerische Hypo- und Vereinsbank AG, a member of UniCredit Group ("UniCredit"), has been mandated to act as lead arranger and underwriter for a US$50 million senior project debt facility (the "Facility") to help fund development of the Copler Gold Project ("Copler").
The Facility is subject to documentation, further due diligence, final credit approval and a series of conditions precedent prior to drawdown. The Facility does not include any hedging requirements. Subject to the preceding conditions, management expects funds will be available for drawdown in Q1 2008. The Company has sufficient working capital to fund development prior to the availability of the Facility.
Richard C. Moores, President of Anatolia, stated: "We are very pleased to enter into this relationship with UniCredit. This Facility strengthens Anatolia's ability to develop Copler without restricting our aggressive exploration programs. We are now in a position to proceed with confidence and take advantage of new opportunities as they come. The quality of our Copler project and the strength of our balance sheet allowed us to achieve favorable terms, including no hedging requirement."
UniCredit Group is the second largest bank in the Eurozone by market capitalization, taking into account the acquisition of Capitalia (pro forma). It has a regional presence in 17 CEE countries, including Turkey, where UniCredit is one of the leading banks after having combined Koc Bank and Yapi ve Kredi Bankasi. Bayerische Hypo- und Vereinsbank AG, now part of UniCredit Group, has been a leading financial institution in the mining and metals sector for 20 years - catering to the needs of its diverse and broad client base with highly experienced industry specialists and regional coverage.
Anatolia currently has 82.9 million common shares issued and outstanding, 98.5 million fully diluted. Anatolia trades on the Toronto Stock Exchange as ANO.
This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Message 23908220
Gold Resource
GORO.ob
goldresourcecorp.com
Max
Outstanding shares around 30 to 35 million. Will produce about 70K ozs. 1st year, ramping to 100K ozs. by 3rd year.
Currently drilling to increase resource.
Low cash cost of around $100/oz. Near surface ore, low cost.
Will have very hefty earnings/share.
In Mexico.
Mostly gold, with silver. Small amount of base metals.
Management owns 30% of shares.
Once producing, will issue dividend. 1/3 earnings will go to dividend, 1/3 for taxes, 1/3 for growth/expansion.
These guys sold US Gold to Rob McEwen. Very tight-fisted about issueing shares. Since they own 30% shares, will be very shareholder friendly.
AMEX down the road, I'd guess they would wait until in production.
Message 23908284
Crescent Gold Australia
cra.to
crescentgold.com
walter
starts Production 2008
ng.to Nova Gold
Message 23908966
Cluff Gold
CLUGF.PK
cluffgold.com
LC
"Cluff Gold targets annualised 100,000 ounces from two West African projects
Cluff Gold says the fast pace at which it is developing its projects in West Africa speaks well of its presence with host government and is targeting an annualised 100,000 ounces of gold in 2008."
mineweb.net
Etruscan Resources
EET.TO
etruscan.com
LC
Also, Etruscan Resources EET.TO is starting up 140k oz per year of production in the next year.
SI Comment about EET
100,000 oz Au/year? That's exactly where Etruscan is now.
Their first operated gold mine is in commissioning phase (since June 2007). Should announce first gold pour in the next 2 weeks.
Watch the share price jump then.
EET are the largest gold land-holder in West Africa.
Their website is very informative.
www.etruscan.com/s/Home.asp
Read their latest 4-5 NRs.
Tons happening.
Significant diamond production starting in October and ramping up over the next 6 months.
EET has some of the best mgmt around. Rick Van N. (Novagold) is on the BOD.
Message 23914255
Nova Gold
(NG)
dara
is commissioning their
first mine at Rock Creek next month (commercial production in 1Q08).
Message 23917118
Notes:
The intention of this list is to identify companies that
are just going into gold production.
I do NOT own any of the stocks listed above.
I know Tom (Slan), LC, and Koan from various posts
over the last two years. They are terrific people
and very studious with respect to mining stocks
in general. I also know dara and rnsmth because I
lurk their posts.
If you are new to gold mining - ask questions.
I know very little about mining - BUT
There are *easily* 50 excellent posters amoung the
various mining boards. Their knowledge of
the bits and bytes of the mining industry is exceptional.
regards,
John |
