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Ha! It took TAHO less than a year to screw up all the good work done by Rio Alto. As from next Tuesday locals around the Shahuindo mine are going in strike (i.e. roadblocks) because they're fed up with the company's briken promises and the community deals they signed but now refuse to honour.
Ferrari Kev strikes again.
The pomp and glory of Grace Jones. And she's not singing about driving a car, by the way.
Early 80s video techniques, harsh hair, killer beat and Jones's excellent under-rated singing voice.
Western Editor Matthew Keevil sits down with Joe Mazumdar from Exploration Insights (www.explorationinsights.com/) for a wide-ranging discussion on the resource sector. Topics include the recent resource estimation troubles for Orezone Gold (TSXV: ORE; US-OTC: ORZCF) at the Bomboré gold project in Burkina Faso, West Africa. What's up with those resource estimates and 43-101 reports?We talk Pretium Resources' (TSX: PVG; NYSE: PVG) Brucejack gold project in northwestern B.C. and Nevsun Resources' (TSX: NSU; NYSE-MKT: NSU) Bisha operation in Eritrea. What is the deal with zinc markets?
Highly recommended weekend fare and IKN's mancrush on Mazumdar continues.
"Unless you can provide any proof besides your rumored Ari comment this post is baseless. There so many other company's McEwen Mining could buy for far less than the price Continental Gold. Rob McEwen would not be doing business with anyone who would leak information on a buyout deal."
I can't help but get a Teutonic feel from this Jazz Singer guy, that "Resistance Is Useless" thing. Could be me...hey, I dunno...
PS: I did like "company's" instead of "companies".
What, you thought I was joking?
You heard it here first. Let's see now...
July 12th: "Orla Mining (OLA.v) is looking at Pershimco Resources (PRO.v)"
August 12th: "Pershimco (PRO.v) now close to the Orla deal"
September 7th: "Orla and Pershimco update", my personal fave.
And today September 14th, this from the company:
Vancouver and Rouyn-Noranda - September 14, 2016 - Orla Mining Ltd. ("Orla")(TSX-V:OLA) and Pershimco Resources Inc. ("Pershimco")(TSX-V:PRO; FSE: BIZ) today are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") to combine their respective businesses, creating a new, growth-oriented gold company in the Americas (the "Transaction"). The new company ("NewCo"), which will continue to operate under the name "Orla Mining Ltd.", will focus on continued exploration and development of Pershimco's Cerro Quema project located in Panama, and will seek further etc etc here
IKN Kung Fu is strong.
PS: And by the way, go behind the smooth corporate show and you too will be able to hear what IKN hears from Reno Head Office; that TAHO is absolutely crapping itself about the potential of losing Escobal due to "permitting irregularities" during the government of ex-President Otto Pérez Molina, now jailed for corruption.
*Though "thriving community supportive of the mine" is a bad case of over-egging the pudding
"During the Forum of Investments And Negotiations, President Mauricio Macri had a marathon of meetings with CEOs participating in the event and heard several announcements regarding long awaited investments."One of the meetings was with the head of Pan American Silver, Ross Beaty, who announced an investment of U$1,000m for the development of a mega-project in Chubut, the Navidad mine, which will be the largest silver reserve in the world."
Current laws in Chubut, however, prohibit open pit mine development. As such, Pan American has made no investment or construction decision on the Navidad project.
UPDATE: Spot copper now $2.14/lb. That's a pretty decent move.
"...The Gold Report (TGR) is not what it was. It was never some shining light of mining journalism but it used to interview respectable analysts and even some respectable newsletter writers. Not anymore, just friends and family. This time last year there were 35 employees, now there are less than 10. Executive editor JT Long was let go in mid February. Former TGR publisher Jason Mallin was let go in late October. He's been replaced by Paul Guedes, formerly of the Grosso Group. Interviews, although always sponsor-friendly, are now exclusively with FOG (friends of Gordon Holmes). That's one reason why it's become The Michael Ballanger Report lately.
At its peak, TGR had almost 200 sponsors. It now has around 60 (but even that may be somewhat optimistic). Holmes is also working on some content by James West, who with the help of Post Media has resurrected the dubious Midas Letter. Holmes is fighting with his partner Karen Roche for control of Streetwise. He's basically low-balling her on a buyout offer. And the lease on its office space in Petaluma is up in July."
"Liquidity may become a concern here: the company had $145M in cash at the end of August, and has $175M available on its revolving credit facility. Adding the final $75M stream deposit by Royal Gold (NASDAQ:RGLD) brings our liquidity tally up to $395M - or $85M short of currently stated capex requirements. The $50M overdraw option on the revolver won't save the day here, and we would be surprised if cash flow from New Gold's operating mines does. In other words: expect New Gold to raise capital before long."
PS: I love the way this humble corner of cyberspace gets multiple hits from Hill Knowlton Toronto every time the word "HudBay" gets a mention on the blog. Just because you're paranoid don't mean they're not after you, guys.
...five years of moly prices:
For secret reasons.
No point in being in midlife without having a crisis. Such a waste otherwise. See you tomorrow.
PS: Sing along with the chorus: