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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 (77816)	5/5/2022 2:40:37 PM
From: LoneClone	Respond to of 78405

BTO, EDV, IAU, KTN, SSL B2Gold aka BTO and Aurion Resources aka AU released the results of the first three holes from their second drill campaign at Helmi, located in the Central Lapland Greenstone Belt in northern Finland.There are 26 more holes to be released, but close to surface intercepts like 2.05 g/t Au over 77.5M from 41.7M down hole, including 4.18 g/t Au over 24.55M are encouraging enough that they have already scheduled another drilling campaign over the summer and fall. Message 33829914 West African gold miner Endeavour Mining aka EDV released their Q1 results. They highlight them as positive by comparison to Q1 last year, while I found them a little disappointing compared to Q4. But of course Ms. Market gets the final say, and even in a poor environment for PM stocks and stocks in general, EDV is up today on both the LSE and TSX. The numbers -- 357k oz Au at a cash cost of $723/oz, the latter roughly the same as Q4 -- are certainly encouraging, and it does appear likely they might be able to exceed guidance for the year if this continues. Encouragingly, they did add $90M to their cash stash, growing it to over $1B, while also paying out $101 in shareholder returns via dividends and share buybacks (About 1M shares were bought and cancelled during Q1.) They also continue to focus on exploration, both brownfield and greenfield, The next items in their development pipeline are the expansion at Sabodala-Massawa in Senegal, which is just underway, and an FBS underway at Lafigué in Cote d'Ivoire. They will also be installing a new circuit at Ity to improve reagent consumption and recovery. Message 33831422 In response, RBC released a new analyst report which saw the release as Positive. They kept EDV at Outperform but increased their target to $46. Yesterday, i-80 Gold aka IAU released a set of drilling results from the South Pacific Zone at their Granite Creek gold project in Nevada. Today we get results from the nearby Ogee Zone. Both Ogee and SPZ are near the existing underground working at Granite, so IAU is driving a decline from those workings to aid in exploration and to start production once permits are received, hopefully by mid-year. Ogee is projected to be the initial source for ore, so getting results like 27.7 g/t Au over 12.6M, 54.7 g/t Au over 5.9M, 22.9 g/t over 6.4M, & 11.2 g/t over 11.1M in the first holes is very prospective. The ore will be trucked to a nearby facility for processing until IAU has finished renovating their Lone Tree facilities. Message 33831485 Kootenay Resources aka KTN reports more results from its current drill programme on the California Zone on the Cervantes Au prospect in Sonora, Mexico, JVed with Aztec Resources. Most of the results merely conformed the existence of low grade gold mineralization over decent distances in the California Zone, but they also found a new zone of copper/gold mineralization called Jasper about 600M west of California. Message 33831578 In response to Sandstorm Gold Royalties aka SSL's announcement of several transformational transactions the other day, TD came out with another, more detailed, analyst report calling the transactions Potentially Positive while keeping SSL at Outperform with a target of $13. They like the increased liquidity and diversification, but remain concerned about the quality of some of the underlying assets. This also gives me a chance to mention something I forgot the other day, that as the result of the transactions SSL increased their 2022 guidance from 65-70k oz AuEq to 80-85 oz AuEq. Saville seems quite certain that the PoG has reached a bottom around $1850, and that even if that support is temporarily breached it should quickly rebound back over support. He calls the recent correction for GDX 'near-perfect'.