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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (77783)	2/24/2022 4:17:14 PM
From: LoneClone	Respond to of 78405

Oceanagold aka OGC released its annual results after a difficult 2021, hit by weather and startup issues at its Haile Au mine in the US and permits issues, since resolved, at its Didipio Au/Cu mine in the Philippines. Still, they managed to make a decent profit and ended the year with a cash stash of $133M They also reiterated their 2022 Au production guidance of 445k-495k oz Au plus 11-13kt of Cu at a cash cost of $675-775 per oz Au. (As near as I can recall, most everything in this PR was known as it was covered in previous PRs.) Message 33726380 FWIW, Barclays kept OGC at Equal Weight with a target of $2.50, BMO, citing a return to Free Cash Flow generation, kept them at Outperform with a target of $3.50, and RBC, saying they are 'heading in the right direction', kept them at Outperform and raised their target from $250 tp $2.75. As well, BMO, in reaction to yesterday's annual results, kept B2Gold aka BTO at Outperform with a target of $7. Calibre Mining aka CXB delivered two PRs. The first concerns their annual results for 2021, a pivotal year for the company as they extended their reach beyond Nicaragua by acquiring Fire Gold and it producing and development assets in Nevada. The results were largely positive, as they met or exceeded expectations for production, earnings, and cash flow. Cash costs were still relatively high, around $1000 per oz Au, but thanks to the high PoG they were able to increase their cash stash to $107M with no debt. (Some of this cash will have used while closing the Fiore deal earlier this month.) Message 33726456 The second PR highlighted a strength of CXB, exploration and development, outlining how they have increase their reserves in Nicaragua to more than 1M oz Au in spite of production depletion. Message 33726498 I had stayed away from CXB due to the country risk in Nicaragua, but decided to hold my Fiore shares through the takeover to see what would happen. Given the latest news out of Nicaragua -- unreserved support for the Russian invasion of Ukraine -- I have just about had it. I will sell out once I study the trading patterns a bit more closely and pick a target price. And FWIW, in response to these PRs TD released a new analyst report calling the impact 'slightly positive' but kept them at Buy with a target of $2.25. One of the ways a prospect generator like Riverside Resources aka RRI keeps the doors open is by staking properties or acquiring them on the cheap, doing some exploration to raise the value, and then selling them on. Today they announced they have successfully followed this process with the Pima property in Sonoma Mexico being sold to Agnico-Eagle Mines. This property is inside AEM tenements near the Santa Gertrudis mine, and was part of a package of properties acquired by RRI from Millrock a few years ago. They give no numbers connected to the transactions, other than to say that what they got for Pima paid for the entire transaction with Millrock, leaving them with the other four properties for free. Canny operators indeed -- you can see how they have managed to keep their share count so low. Message 33726523 In the years I have been following Northern Shield Resources aka NRN moves smoothly from one property to another, one target to another, never finding exactly what they are looking for, but always finding ways to phrase the situation hopefully. Their latest PR, which reports drilling results from the Root & Cellar Au/Cu prospect in Newfoundland, is no exception. No, they didn't get drill results to match the surface, but now they are sure they oriented the drill holes incorrectly, and plan another try with drill holes instead aimed at N-S trending targets. We shall see if this is the time they finally get it right. Message 33726545 Under the impetus of political events -- the effect of which is always short-lived -- but also improving fundamentals, the PoG tested resistance at $1920 this week. Even if it breaks through temporarily, Saville opines that a retrace back to mid-$1800s is likely before any substantial move upward gets underway.