Saturday, 25 November 2017

TNR Gold Royalty Holding With McEwen Mining: Argentina And Chile Signed A Protocol To Develop Los Azules Copper Deposit.


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

TNR Gold: McEwen Mining Files Preliminary Economic Assessment For Los Azules Copper Project, Estimates Life Of Mine Undiscounted NSR Of $35 Billion.

“The Los Azules PEA study for McEwen Mining is the first preliminary economic study that provides a potential value for the total net smelter return from the project’s life of mine cash flow. TNR’s 0.36% royalty on the net smelter return is an important part of TNR’s portfolio,” commented Kirill Klip, Executive Chairman of TNR. “Further advancement of this project and building on the results of the PEA will continue to contribute significant value for our shareholders.”

TNR Gold Royalty Holding Update After News by McEwen Mining On The Los Azules Copper Project, Argentina.

“We would like to congratulate McEwen Mining on a significant increase in the new resource estimations for copper, gold and silver at Los Azules Copper project, important upgraded quality of these resources in all categories and reported enhanced economics overall for the project,” commented Kirill Klip, Executive Chairman of TNR. “The PEA provided by McEwen Mining demonstrates a robust, high margin, rapid pay-back and long-life potential economics for the project and it will affect positively the potential implied valuation of TNR Gold’s royalty holding.”

McEwen Mining has released a very impressive new PEA on giant Los Azules Copper project located in San Juan, Argentina. Please note all disclaimers and that all this information is from public sources released by McEwen Mining. TNR Gold holds 0.36% NSR royalty on the entire Los Azules project. Rob McEwen has done a great job and Los Azules Copper now is even larger than before:

New Resources in all categories reported by McEwen Mining:

1. Copper is up from 19B lb to 29.5B lb - plus 55%
2. Gold is up from 3.42 Moz to 5.5 Moz - plus 61%
3. Silver is up from 108.7 Moz to 191.1 Moz - plus 76%

The quality of resource has improved as well, according to McEwen Mining:

Copper before was 28% Indicated to Inferred

Copper now is 53% Indicated to Inferred.

$2.2 Billion After-Tax NPV@8% and IRR of 20.1%

3.6 Year Payback at $3.00/lb. Copper and 36 Year Mine Life
415 Million lbs. Average Annual Copper Production For The First 10 Years
$1.11/lb. Copper Average Cash Production Cost (C1) For First 10 Years

 Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this article; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.

Diario De Cuyo:


Argentina And Chile Signed A Protocol To Develop A San Juan Copper Deposit.

It is part of the Mining Integration and Complementation Treaty that will turn 20 next month. This is the Los Azules project, by Calingasta.

The governments of Argentina and Chile signed on Friday an additional protocol specific to the Los Azules mining project, within the framework of the relaunching of the Mining Integration and Complementation Treaty that will turn 20 next month. The agreement establishes the guidelines for the mining project of the province of San Juan - which can become one of the largest porphyry copper in the world - facilitate the prospecting and exploration work that will face the companies held by the concession.

This was agreed this afternoon at the Palacio San Martin, the Argentine Mining Secretary, Daniel Meilán, and the Chilean Undersecretary of Mining, Erich Schnacke, in the framework of the first meeting held since 2013 by the Administrative Commission of the Integration Treaty and Mining Cooperation.

The mining project called Los Azules, run by the company McEwen Mining, with headquarters in Toronto, Canada, and its subsidiary Andes Corporacion Minera, in Argentina, is located north of Pachón, about 150 kilometers from Villa Calingasta.
The protocol is the first in the current government management that both countries sign to enhance the conditions of use of a mining project of binational scope, as established in the 1999 Treaty. For this, the document explains the "border facilitation" for the activities related to the development of the project and determine as' areas of operations the contiguous territories in the department of San Juan de Calingasta and in the municipality of Monte Patria of the Limarí province, in Chile.
The protocol established the guidelines that both countries accept to implement in terms of circulation of goods, national treatment, customs and tax, health, health and environmental aspects.
Undersecretary of Mining Policy, Juan Biset, told Telam after the meeting at the Foreign Ministry that this protocol "is a very important milestone in the bilateral agreement, because it is the first meeting of the administrative commission, its highest authority since 2013."
Regarding the legal framework represented by the Treaty signed in 1999, the Argentine official stressed that "not only is it very valid but it also has a great future perspective since it is a very powerful tool to unify the exploitation of the Cordillera for mutual benefit and complementary in a shared vision'.In today's meeting it was resolved, in addition, 'the continuity of exploratory projects, the updating of others that were in the construction phase, questions of coexistence between projects that are subject to the treaty and others that do not, that is to say issues that are presented and could not be initially planned.
The next meeting of the Administrative Commission - led by Meilán and Schnake - will be held in March on the occasion of the largest mining exploration congress in the world organized annually by the Prospectors and Developers Association of Canada (PDAC), in the city of Toronto. Next year's meeting in Canada, Argentina and Chile will present the opportunities for investment and development of common geology, and the facilitation context represented by the treaty.
"Geology is unique between these two countries, without political limits, and they have so much synergy that they agree to go together demonstrating an intelligent opening to the world," said the mining ministry official. In that sense, Biset added that joint assistance to a global event 'is a very interesting way of associating the Argentine potential in mining and the Chilean experience and production that is the producer of 30% of the copper that the world consumes'

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