Saturday 31 August 2019

Energy rEVolution And The Big Picture For Copper During A Mexican Standoff In The Trade War Against The USA: Barron's - Copper Prices May Take Off As Supply Tightens.




With copper priced to perfection in the scenario which is reflecting the end of the world and total collapse in the global economy, it is time for us to revisit the big picture of supply and demand; and McEwen Mining's "sleeping giant" - Los Azules Copper where TNR Gold is holding NSR Royalty on the entire deposit. As you already know, red metal is going green during the Energy rEVolution and there will not be enough of it. 




Goldman Sachs has been talking about "severe deficit" even before the latest escalations in the trade war and the best cure from lower price is a lower price. Nobody will be building new giant copper mines with prices below $3/lb. Supply shocks are imminent and price shocks to follow.




Northstar is providing a very interesting technical view on the potential future outcome for copper in the recent stage of a Mexican standoff in the trade war between POTUS and the USA. Nobody knows the future and total annihilation of the humankind can be one of the very unfortunate outcomes in any investment scenarios. 




Always do your own research - I do not honestly know how to prepare to that sad end. In all other potential cases, I can only point out to my personal experience of making the best investments by buying when "blood was almost literally on the streets" like with Tenke Mining starting my acquisitions at CAD 40 cents during the civil war in DRC and following Lukas Lundin with his motto: "politics will change, resources in the best projects will stay". Later, Lukas made a lot of investors of Tenke Mining very happy during his buy out by Lundin Mining at CAD$20 dollars. I have followed him and found TNR Gold many years ago - now we have Los Azules Copper NSR Royalty among our other assets and building The Green Energy Metals Royalty and Gold Company.




Can we have a similar situation with Argentina and Los Azules now? Only the future will tell, but the entry point will always determine the investment outcome and now we have legendary Rob McEwen with his Midas touch involved. Giant copper projects are only far and few between, developments of many are being delayed and as Barron's' is pointing out below:

“They are overwhelming[ly] short copper,” Badiali says. “Everyone is on one side of the boat.... When they have to cover, there will be a ridiculous rally in copper prices.” 

As you have noticed, I am of the opinion that POTUS is extremely motivated to be reelected as the alternative can be not so desirable due to the statutory limitations. Recession will dramatically reduce the chances of the second term. Orchestrated blowing off steam from the frothy markets in order to "reset the bull run" after squeezing all possible rate cuts from FED comes to mind as a strategy. "The Deal" can be a few tweets away after that and even absence of war can be enough for the exhausted algo traders who have never experienced bear markets. A lot of people will mention, that POTUS is playing not only with fire here but with the inverted yield curves all over the globe. They will be on the same side with a lot of very smart people and I can only reply that all metals require an extensive treatment by fire during the refining stage and for this scenario, we have Shotgun Gold in the Alaskan elephant country and a lot of other blog posts here.  




Today you can find for your further DYOR a very interesting update from McEwen Mining on Los Azules Copper development and presentation of TNR Gold Los Azules Copper NSR Royalty Holding.




From McEwen Mining NR:

TORONTO, July 30, 2019 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) announces its results for the second quarter and first half ended June 30, 2019 ("Q2" and "H1"). 
... Rob McEwen, Chairman and Chief Owner commented: "... At Los Azules we achieved a critical milestone in the project's valuation by validating a new access route that will provide year round access, rather than the current 4-5 months..."


Los Azules Project, Argentina (100% Interest)
Last year, we identified a critical value-adding milestone for Los Azules - a new low altitude all-year access route (Northern access route). Currently access is only possible 4-5 months of the year. The Northern access route was explored by overland expedition during March 2019 and confirmed to be viable for access and also for the proposed electrical transmission line. Preliminary engineering, cost and schedule estimates are in progress. Work will begin on the road later this year.
During Q2, we continued to advance permitting efforts. We are targeting the submission of the Environmental Impact Assessment by the end of the year and expect the Environmental Impact Declaration to be received during 2020.



From McEwen Mining CC transcript:

Chris Stewart:
At Los Azules our world-class copper project in Argentina, we have budgeted $3 million for 2019 to continue our progressing the project. We’re working on project de-risking from an infrastructure solutions perspective. Looking at the runway design for Los Azules, it is now completed, and we are now moving into the permitting phase. We’ve agreed on a memorandum of understanding with the Port of Coquimbo for the export of concentrate through Chile and into the Pacific Ocean. We also made significant advances on our IAA application for the permit for resource exploitation, and we anticipate submitting the permit in the fourth quarter of 2019 and would expect the environmental impact declaration to be received in late 2020.
Rob McEwen:

At Los Azules, we’ve achieved a significant breakthrough. We have determined that a viable alternative access route can be built and that it would give us year-round access versus the current access of only four to five months. We believe this new route will significantly improve the value of Los Azules and accelerate the opportunity to development. 
Jake Sekelsky
Q: Okay, perfect. And then just lastly a similar question at Los Azules, obviously the approval for the northern access route is a big win for the project, when should we see news on that front, just related to estimated costs and to touch whole economic impacts for that?
Rob McEwen
A: Okay. On cost that would be later in Q3 this quarter. And we expect to start construction before year-end.



BN Americas:

Argentina and Chile ratify commitment to develop sustainable mining

Written by: BNamericas 
Published: Thursday, June 27, 2019

By the Argentine production ministry.

"Chile, June 26, 2019 - Argentine and Chilean authorities have ratified their cooperative ties and advanced on mechanisms that facilitate the development of mining projects, within the framework of the meeting of the administrative commission of the treaty on mining integration and complementation between the two countries.
The work teams of the administrative commission of the treaty are formed, in the case of Argentina, by the secretariat of mining policy of the production and labor ministry, headed by Carolina Sánchez, and by the directorate of economic relations for the Americas, part of the foreign affairs ministry, led by Gustavo Infante. On Chile's side was the mining undersecretariat, led by Pablo Terrazas; and the foreign affairs ministry, assistant deputy secretary, ambassador Ricardo Rojas.
The work agenda included topics of common interest such as the strengthening of the permanent working group on safety and environment, with a focus on the development of policies that encourage investment in new mining projects along with the best practices for the development of responsible mining and care for the environment.
The authorities worked on the additional specific protocol (PAE) at Vicuña and Filo del Sol and received the legal representative of the applicant company who highlighted the benefits that the PAE Vicuña implied for the project throughout the exploration stage. McEwen Mining was awarded the PAE for the Los Azules mining project, approved by Argentina and Chile, to facilitate mining activity between both countries. The representative of the company stressed the importance of the treaty in terms of logistics coordination and the competitiveness that this generates for the company.
Likewise, the guidelines of an internal procedure were established to unify approval in the border areas between both countries through the early intervention of the mixed boundary commission.

The objective of the mining treaty between Argentina and Chile is to promote physical integration and economic cooperation. In this sense, both countries are committed to work on border facilitation with the objective of promoting the development of the mining sector, enable access and exit from the areas of operations from both territories and allow the use of natural resources, inputs and infrastructure as established by the teams of technical specialists."

Tesla Energy rEVolution And The Golden Age For Copper: Kirill Klip GEM Royalty TNR Gold Copper Presentation May 2019.




In a news release dated February 21, 2019, McEwen Mining Inc. ("McEwen Mining") stated: "Our focus is on delivering near-term production growth from our projects in the United States and Canada, and on advancing Los Azules." The statement gives TNR confidence that McEwen Mining is keen to move the Los Azules project forward. 
In addition, McEwen Mining stated the following on its 100% owned Los Azules project: "We spent $6 million at Los Azules during 2018. The activities performed were mainly technical site investigations and environmental baseline monitoring work, to advance permitting efforts. We are currently investigating a new access route to the project that, if developed into a road, could provide year-round access to Los Azules, greatly accelerating the potential development of the project and reducing operating costs. Our 2019 exploration budget for Los Azules is $3 million." 
McEwen Mining's press releases and website material appear to be prepared by "Qualified Persons" (as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")) and the procedures, methodology and key assumptions disclosed by McEwen Mining are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining's information, nor to determine the current mineral reserve or resource or any other information referred to in their press releases. Accordingly, the reader is cautioned in placing any reliance on these disclosures. 
The Company holds a 0.36% royalty on the net smelter return ("NSR") royalty of the entire Los Azules copper project in Argentina. TNR summarized the PEA results in a news release issued on October 10, 2017."




LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.




Barrons':

Copper Prices May Take Off as Supply Tightens

By Myra P. Saefong

"Copper recently touched its lowest price level in more than two years, reflecting investors’ worries about muted economic growth and the temperamental trade dispute between the U.S. and China.


As supplies of the red metal tighten, however, analysts think commodities traders could overcome concerns about the economy, prompting copper prices to move higher.
“The current stagnant-to-declining copper price is accurately reflecting a slowing global economy,” says Brent Cook, an economic geologist and co-editor of the newsletter Exploration Insights. “The numerous central bank [interest] rate cuts support this conclusion as well.”
Copper futures settled at $2.544 a pound on Aug. 5, the lowest for a most-active contract since June 2017, according to FactSet data. Prices for the metal had dipped below $3 in June of 2018 as tariff threats heated up; copper hasn’t been able to trade above that level since.
“Copper was in a steady two-year bull market right up until the trade war escalated,” says Matt Badiali, senior research analyst at Banyan Hill Research, adding that the current troubles with copper are more about global economic woes than China’s impact on copper.
Sentiment for copper, however, could turn bullish because demand fundamentals show strong support for higher prices, Badiali says. Basing his estimates on reported figures, Badiali thinks that the world will need to produce 5 million metric tons of copper per month by 2030—about 2.5 times more than it will produce this year—in order to meet projected demand from the electric-vehicle industry.

World refined copper is expected to see a deficit of about 190,000 metric tons in 2019, with that deficit widening to 250,000 metric tons in 2020 as refined production lags behind usage, according to an International Copper Study Group report released in May. 
With an increase in the world’s population and climate change, demand for base metals will grow because they are environmentally friendly, says Stan Bharti, CEO of Forbes & Manhattan, a private merchant bank focused on the global resource sector. “Demand for electronic cars will only keep demand high for copper as the cars become more mainstream.”
“Delays in production from the large Oyu Tolgoi underground copper/gold mine in Mongolia” suggest a potential supply risk for copper concentrates, says Joe Mazumdar, an economic geologist and co-editor of Exploration Insights.
An Aug. 9 U.S. Commodity Futures Trading Commission report showed net positions for large speculators in U.S. futures markets at minus-58,400 contracts as of Aug. 6, according to Investing.com.
“They are overwhelming[ly] short copper,” Badiali says. “Everyone is on one side of the boat.... When they have to cover, there will be a ridiculous rally in copper prices.” 
For investors, the safest way to play the copper market is through giant mining companies such as BHP (ticker: BHP), Southern Copper (SCCO), or Rio Tinto (RIO), says Badiali, who lists the first two of those stocks in the Real Wealth Strategist newsletter’s suggested portfolio.
Copper’s real driver will be “the adoption rate of alternative energy and electric vehicles,’’ he says. “If the trend is real, then we are watching the birth of an epic bull market in copper.” 

Thursday 29 August 2019

Gold Is Money: Central Banks Just Love Gold And It's Going To Stay That Way.



Bloomberg reports again on Central Banks' Gold buying spree and that, according to ANZ, China has "plenty of room" to increase its holdings. "Purchases have climbed amid global slowdown and trade war." 

"Gold is money, everything else is credit." - I find this famous quote from J.P. Morgan as very symbolic these days when the bank which is still holding his name finally is "getting worried" about the US Dollar reserve currency status and recommends their clients to increase allocations to gold. 

This healthy anxiety about the status quo of the US Dollar hegemony among Gold Bugs has received a very unexpected advocate this August. The brave challenge to the green buck came from the least expected and solid team player of the BIS Club - Governor of the Bank of England Mark Carney. 

I will leave analysis why, why now and why particularly him to the other very smart people. Here I would like to point out one and the most important fact for us now: there will be a lot of debate about the alternatives to the US Dollar, but the most important fact is that it will not be US Dollar anymore. The switch. Reset. 

This is why Central Banks are buying Gold - while the BIS Club will be organising the last party on the Titanic in order to launch something new, crypto, centralised and beautiful - Gold has been here for the last 5,000 years. It is better to get as much gold as possible now. Literally now. 





All our brave scientific mental experiments and observations could stay as mere brain exercises for many more years unless the tide has changed and the tsunami of money is coming back into the gold market again. Now it is happening: Central Banks and Billionaires are front-running Pension funds and Insurance companies and buying gold. They will be buying next as we have discussed at length here already.




Finally, after so many years we have again not only beautiful charts by the brilliant Northstar showing what can happen but the tsunami of the real money searching for the solid values and wealth preservation in the uncertain times.








Building The Green Energy Metals Royalty And Gold Company: The Northern Miner - Canada’s Top 10 Royalty And Streaming Companies.






The Northern Miner presents the 10 largest Royalty Companies in Canada. This is the history of mining in the making and the great leadership to follow for our Team at TNR Gold! I fell in love with this business model when I first bought Royal Gold at USD $5 with Gold trading below $300 many years ago. Today Royal Gold jumped to an all-time high of $110 with gold price above $1,400 but still trading below its all-time high of $1,900. 





We are building The Green Energy Metals Royalty Company and our holdings with industry leaders like McEwen Mining in Copper and giant from China Ganfeng Lithium will propel our assets portfolio into the future powered by renewable energy. 





The Shotgun Gold project in the great state of Alaska provides our company with the exposure to Gold and hedging our potential royalty streams in Copper and Lithium. It is very important that we do not have to contribute any capital to the development of Los Azules Copper and Mariana Lithium and can rely on the technical expertise and balance sheet power of the McEwen Mining under the leadership of legendary Rob McEwen and the largest integrated lithium producer from China - Ganfeng Lithium. 





I personally own 20% of TNR Gold and our insiders are holding more than 50% of our Company. This year we have achieved very important milestones for our Company, including strong support from our investors who are providing long term investment loan. The main value drivers for TNR Gold in 2019 are:

1. Further development of "the sleeping giant" Los Azules Copper project by McEwen Mining which was granted PAE - special protocol ratifying the mining treaty between Argentina and Chile which is providing the necessary support for the development of the project of with such magnitude.





2. Acceleration of Mariana Lithium development by Ganfeng Lithium with a budget of USD $10 million in the first half of 2019. Ganfeng has announced in its 2018 annual report that they are expecting pre-feasibility and feasibility studies to be produced by the end of this year.





3. In case of the Shotgun Gold project, we are looking for the best partner among the majors to advance this project. Gold price above $1,400 speaks for itself and we have addressed the main catalysts for the gold market in our previous discussionsGold breaking above $1,400 makes all the difference here and our powerful allies these days are FED who is looking for the growth before the elections by any means and Central Banks who are looking to accumulate as much gold as possible before it is too late. 

Please read carefully legal disclaimers. Always DYOR and consult your qualified financial adviser before any investment decisions, you can find more about TNR Gold on tnrgoldcorp.com, SEDAR and SEDI. Do not hesitate to contact us with any questions and subscribe to our updates.






InvestorIntel: The TNR Win-win Formula Of Gold + Copper + Lithium.




Building The Green Energy Metals Royalty Company: TNR Gold Investor Presentation April 2019.






LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.





Gold In The USA: Kirill Klip GEM Royalty TNR Gold Presentation May 2019 - Gold In The Alaskan Elephant Country.





Barrick Gold is developing together with NovaGold 40MOZ giant Donlin Gold in Alaska - "arguably the most important Gold project in the world." So where will you be looking for the new elephants? Maybe in the Alaskan Elephant Country. Barrick Gold received crucial permits to advance Donlin Gold now and this new developing mining district in the US can make the promise of "Gold In the USA" providing stable supply feasible again and it can become that solution to "The Gold Mining Reserve Crisis" McKinsey is talking about:
"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."



Bloomberg:

Central Banks Just Love Gold And It's Going To Stay That Way.



  •  
    China has ‘plenty of room’ to increase its holdings, ANZ says
  •  
    Purchases have climbed amid global growth slowdown, trade war

Tuesday 27 August 2019

Gold In The Alaskan Elephant Country: Frank Giustra - Billionaire Investor Says Biggest Gold Bull Market Of All Time Starting Now.



Frank Giustra has an impeccable record on timing for his commodity ventures. All investors will benefit greatly by learning from him. He backed Uranium One, Potash One, and Lithium X, just to name a few, and sold them all almost at the perfect tops of each bull markets in those particular sectors. Frank Giustra's latest call: "Biggest Gold Bull market of all-time starting now."




We all know by now how brutal and merciless the Gold Bear Can be - the whole generation of investors was burnt alive. But what was the ride on another side of the Gold Bull Market? History never repeats itself, but it rhymes. Nobody knows the future, always do your own research and you will have to pick up the winners. Those who make their homework right can be looking at another great opportunity to enter this market now.




Frank continues: "A lot of people will get hurt during this "Paradigm Shift" as Ray Dalio has put it. Gold will go through the roof at that time, there is nowhere to go. I would like to be in gold now for a few years." 




You all already know where my heart belongs to. TNR Gold is developing the Shotgun Gold project in the Alaskan elephant country near Donlin Gold mining district. On the links below you can find more information. Barrick Gold received crucial permits to advance Donlin Gold and this new developing mining district in the US can make the promise of "Gold In the USA" providing stable supply feasible again and it can become that solution to "The Gold Mining Reserve Crisis" McKinsey is talking about:
"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."





Gold In The Alaskan Elephant Country: The Northern Miner - Top-10, Canada-based Precious Metals Developers.




The Northern Miner presents top-10 gold and silver metals developers based in Canada. This is another brilliant presentation after "Canada's Top 10 Royalty and Streaming Companies" and I highly recommend you to visit the Northern Miner website and follow them on twitter. Today we have another opportunity to have a look at the Donlin Gold project in Alaska. The magnitude of this "arguably the most important gold project in the world" has already propelled Novagold Resources to the number one place in this rating by The Northern Miner.




You will find a lot of news and discussions these days about gold which is breaking out of its consolidation after six long years when a lot of gold bugs have literally died out and industry has changed dramatically. Yesterday, gold went vertical and was ripping through $1,445 consolidating its advance in the breakout pattern.




We have addressed this tectonic shift in the financial world in-depth as well as here. Gold is rising with the coming tsunami of the record amount of debt with negative rates. Not only gold bugs are talking about it but institutions like pension funds are facing very sobering reality when we are not discussing the return on the invested capital, but the return of that capital.



Quite suddenly for a lot of people, they have the realisation that gold provides something precious that the growing pile of negative-yielding debt doesn't. Wealth preservation. Gold was dismissed by so many before "because it does not provide yield." So now, compared to the negative rates of return even on some junk bonds, it does. The manager of the largest hedge fund in the world, Ray Dalio, is calling gold as safe heaven in this paradigm shift for markets. Now we are in a very good company: Central Banks and billionaires are buying gold.




Below you can find more information about the Gold Reserves Crisis which is explained very vividly by McKinsey. Now you can better understand the place of Donlin Gold among the gold deposits in the world. Development of this 39M oz giant will build a major mining camp on the US soil and will bring life and infrastructure to the whole south-west part of the great state of Alaska. TNR Gold is advancing Shotgun Gold exploration near Donlin Gold mining district and is looking for the strategic partner to grow together in "The Alaskan Elephant Countryin the USA.





Trade Wars, Gold And Billionaires: Gold Price Going To $1,700 Soon Says Billionaire Paul Tudor Jones - Bloomberg.



Gold is banging on the $1350 door and the breakout above this resistance area can bring the fireworks before 4th of July this year. With all market observations of the extreme valuations, it is important that people who can move the real money in order to address these dislocations of capital will join our happy early investors' crowd. We are in a very good company now with our observations about the all-time low valuation for gold adjusted for 1980 consumer purchasing inflation formula.




It is interesting to note that among gold bulls and other fellow billionaires Thomas Kaplan is sighted as well:

"Jones comments also follow recent bullish sentiment from other billionaires. Last month, Thomas Kaplan, chairman and chief investment officer of Electrum Group, said in an interview with David Rubenstein on Bloomberg Television that he could see gold prices rally as high as $3,000 to $5,000 within a decade."

Electrum Group is the major shareholder of Nova Gold which is developing the Donlin Gold project with Barrick Gold in the great state of Alaska.




"Since investing roughly US$70 million to acquire a 28 percent stake in Novagold Resources Inc. in 2009, American billionaire Thomas Kaplan and his Electrum Group of companies have taken a keen interest in some of the more intriguing mineral exploration companies and projects in Alaska and across Canada's North. 
Kaplan, an Oxford-educated historian that began investing in natural resources in the 1980s, knows that gold has served as a currency throughout mankind's written history and believes the precious metal continues this role in society today. 
"Gold is not a commodity, it is a currency with the longest known provenance we have – actually gold and silver," he asserted in 2011. "And, that is extremely important because when you start looking at something no longer as a commodity but as a currency, you have to really assess; what is that market, is it deep enough to give people the opportunity to play?" 
Kaplan believes the gold market is not deep enough, which is one of the reasons he invested in Novagold, a Vancouver, B. C.-based junior that owns 50 percent of the 39-million-ounce Donlin Gold project in Alaska. 
"To us, Novagold is the right story at the right time," Kaplan, Novagold's chairman, penned in the company's 2018 annual report. "It represents a once-in-a-lifetime opportunity to make the very lowest risk/highest reward trade in gold." 
While Kaplan is an outspoken advocate for gold, investments made by private equity funds managed by Electrum go beyond the precious metal to include junior mining companies exploring for nickel and platinum group metals in the Yukon; zinc and copper in Alaska and diamonds in Nunavut. "Electrum Group funds strategic exploration." North of 60 Mining News"



We have discussed in depth the McKinsey's Gold Reserves crisis and you can find this analysis on my blog. According to McKinsey: "Reserves by major Gold companies have declined 26% from 2012 and now below 2007 levels." M&A will be only part of the solution for some companies as it only redistributes the same Gold reserves, we need new discoveries and new elephant projects coming online just to address the gap between growing demand and available supply.




Barrick Gold is developing together with NovaGold 40MOZ giant Donlin Gold in Alaska - "arguably the most important Gold project in the world." So where will you be looking for the new elephants? Maybe in the Alaskan Elephant Country. 




Barrick Gold received crucial permits to advance Donlin Gold now and this new developing mining district in the US can make the promise of "Gold In the USA" providing stable supply feasible again and it can become that solution to "The Gold Mining Reserve Crisis" McKinsey is talking about:
"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."




Gold In The USA: Kirill Klip GEM Royalty TNR Gold Presentation May 2019 - Gold In The Alaskan Elephant Country.






LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.





Gold In The Alaskan Elephant Country: TNR Gold Shotgun Gold Presentation April 2019.





"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."






LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.




  

The Northern Miner:

Top-10, Canada-based Precious Metals Developers.

Canadian gold and silver juniors are leading project advancement at home and abroad, as precious metals exploration and development enjoy boom times again. 
The following are the top-10, Canadian-headquartered precious metals companies that are developing projects but not yet in commercial production, ranked according to market capitalization in early July. Royalty and streaming companies are not included in the list.
1. NOVAGOLD RESOURCES
$2.38B market cap
Vancouver-based Novagold Resources’ (TSX: NG; NYSE-AM: NG) flagship project is its half interest in the large but remote Donlin Gold project in southwestern Alaska, which is a fifty-fifty joint venture with Barrick Gold (TSX: ABX; NYSE: GOLD).
Donlin Gold is one of the world’s largest undeveloped gold deposits, boasting measured and indicated resources of 541 million tonnes grading 2.2 grams gold per tonne for 39 million contained oz. gold, plus 92 million inferred tonnes grading 2 grams gold per tonne. (The measured and indicated resource includes 505 million tonnes of proven and probable reserves at similar grades.)
The latest updated feasibility study of Donlin Gold envisions an open-pit mine that would produce 1.5 million oz. gold annually in the first five years of operation, and 1.1 million oz. gold per year over a 27-year life.
For 2019, Novagold says it expects to spend US$13 million to fund its share of expenses at Donlin Gold, and US$11 million for general and administrative costs.
It says its goals for 2019 include: advancing Donlin Gold toward a production decision; maintaining an effective corporate social responsibility program; promoting a strong safety culture; and safeguarding the company’s treasury, with cash and term deposits totalling US$157 million as of May 31.
A year ago, Novagold sold its half stake in the Galore Creek copper project in northern B.C. to Newmont Mining for US$275 million, with the resulting funds directed to Galore Creek. Teck Resources owns the rest of Galore Creek."