Showing posts with label M&A. Show all posts
Showing posts with label M&A. Show all posts
Sunday, 11 May 2025
Friday, 7 August 2015
Energy And Precious Metals Royalty Company: TNR Gold Holds 2015 Annual General Meeting.
We are very fortunate to have the strong support for TNR Gold from its shareholders. We continue to realise our business plan and building Royalty Company holding Royalty and Stakes in Precious and Energy Metals. International Lithium development with Ganfeng Lithium is at the front line of our advance now.
TNR Gold main assets include:
Sale of our assets in Los Azules copper project will provide TNR Gold with capital to advance our other projects. International Lithium is developing its J/V projects with Ganfeng Lithium - one of the top world leaders in Lithium materials production from China.
TNR Gold And Los Azules Copper: McEwen Mining - Back To The Basics.
There is very little coverage on Los Azules copper project despite of being "One of the largest undeveloped copper deposits in the world" - according to McEwen Mining. I am very pleased to find out this publication about McEwen Mining, Argentina and magnitude of Los Azules copper project.
Please read carefully my legal disclosure. All this material is provided for information only, I was not able to verify any technical information in this article, it should not be relied upon in any investment decisions.
TNR Gold holds now 0.4% NSR on the whole Los Azules copper deposit, 1% bonus on the sale of Los Azules and McEwen Mining shares. You can find all our financial information in the official reporting on SEDAR.
"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."
TNR Gold:
TNR Gold Holds 2015 Annual General Meeting
"August 7, 2015
TNR GOLD HOLDS 2015 ANNUAL GENERAL MEETING
Vancouver B.C.: TNR Gold Corp. (“TNR” or the “Company”) held its Annual General Meeting on August 6, 2015 and is pleased to announce that all resolutions proposed in the information circular were passed. In addition, all agenda items, as outlined in the circular, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung and Mr. Greg Johnson.
Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was appointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Jerry Bella was reappointed Secretary and Chief Financial Officer, Mr. John Harrop was reappointed Vice President of Exploration and Mr. Anthony Kovacs was appointed Chief Operating Officer.
ABOUT TNR GOLD CORP.
Over the past twenty-five years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
In 2014 TNR Gold converted a back-in right on a portion of the Los Azules copper deposit in Argentina, owned by McEwen Mining, into a 0.4% NSR on the entire Los Azules deposit (see news release dated 17 October 2014).
In 2013 TNR Gold reported an inferred mineral resource at the Shotgun Gold project in Alaska containing 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off (see news release dated 22 April 2013).
In 2011 TNR listed subsidiary, International Lithium Corp. (TSX:ILC.V), which demonstrates the successful application of TNR’s business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR’s commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value
On behalf of the board,
Gary Schellenberg
President"
Monday, 1 June 2015
TNR Gold Corp. Announces Extension of Loan Term - Corporate update.
We are very fortunate to have the very strong support for TNR Gold from its core shareholders. Now we have more time to realise our business plan for the benefit of all our shareholders.
Company's main assets include:
Sale of our assets in Los Azules copper project will provide TNR Gold with capital to advance our other projects. International Lithium is developing its J/V projects with Ganfeng Lithium - one of the top world leaders in Lithium materials production from China.
TNR Gold And Los Azules Copper: McEwen Mining - Back To The Basics.
There is very little coverage on Los Azules copper project despite of being "One of the largest undeveloped copper deposits in the world" - according to McEwen Mining. I am very pleased to find out this publication about McEwen Mining, Argentina and magnitude of Los Azules copper project.
Please read carefully my legal disclosure. All this material is provided for information only, I was not able to verify any technical information in this article, it should not be relied upon in any investment decisions.
TNR Gold holds now 0.4% NSR on the whole Los Azules copper deposit, 1% bonus on the sale of Los Azules and McEwen Mining shares. You can find all our financial information in the official reporting on SEDAR.
"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."
TNR Gold:
TNR Gold Corp. Announces Extension of Loan Term
Vancouver, B.C. May 29, 2015, TNR Gold Corp. (the "Company" or “TNR) (TSX VENTURE:TNR.V) announces that it has received a time extension from a private backer who advanced a $3.5 million loan to the Company in May 2012. Instead of repayment by May 31, 2015 under the original terms of the loan, the Company and the lender have entered into an amending agreement whereby the loan and any accrued interest owing, is due and payable by December 31, 2015. The loan accrues interest at 20% per annum, on a straight line basis.
ABOUT TNR GOLD Corp. (www.tnrgoldcorp.com)
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR is also a major shareholder of International Lithium Corp. (TSX:ILC.V) (“ILC”), a company created by TNR to advance its internationally acquired lithium prospects. TNR currently holds about 25.5% of the outstanding shares of ILC.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
For further details please see our website at http://www.tnrgoldcorp.com/s/NewsReleases.asp
On behalf of the board,
Gary Schellenberg
President
President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Sunday, 31 May 2015
Solar, Wind Power and Electric Cars Revolution: How It's Made - Copper.
Copper is taking the central stage with the advance of Solar, Wind power and Electric Cars. This "green" metal goes into electric motors and all wiring, which is necessary to create the distributed energy generation systems powered by Solar Power. Chinese companies are searching the globe and picking up the best copper deposits to secure the supply of this critical metal for the ongoing green revolution.
TNR Gold And Los Azules Copper: McEwen Mining - Back To The Basics.
There is very little coverage on Los Azules copper project despite of being "One of the largest undeveloped copper deposits in the world" - according to McEwen Mining.I am very pleased to find out this publication about McEwen Mining, Argentina and magnitude of Los Azules copper project.
Please read carefully my legal disclosure. All this material is provided for information only, I was not able to verify any technical information in this article, it should not be relied upon in any investment decisions.
TNR Gold holds now 0.4% NSR on the whole Los Azules copper deposit, 1% bonus on the sale of Los Azules and McEwen Mining shares. You can find all our financial information in the official reporting on SEDAR.
"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."
Copper, Lithium And REE: SunPower And Apple Are Teaming Up To Build Solar Projects In China.
Apple is moving fast into Solar space now and brings attention to the rapid growth in Solar Power installations all around the world. China is particularly important market with its huge air pollution problem. This is where the clean electricity will come from to charge electric cars. With Tesla Gigafactory coming announcement for the home lithium battery to integrate solar installations, this huge segment of growth for the lithium technology will gain further traction.
As we have discussed before, Solar Power will be the catalyst for strategic green energy metals: Copper, Lithium and REE. Backed by Warren Buffet China's BYD is another contender to capitalise on the growth in utility storage. International Lithium strategic partner Ganfeng Lithium is taking its part in this growing sector as well with the investment in Boston Power and supplies Lithium materials to the major players in battery industry.
Saturday, 16 May 2015
TNR Gold And Los Azules Copper: McEwen Mining - Back To The Basics.
There is very little coverage on Los Azules copper project despite of being "One of the largest undeveloped copper deposits in the world" - according to McEwen Mining. I am very pleased to find out this publication about McEwen Mining, Argentina and magnitude of Los Azules copper project.
Please read carefully my legal disclosure. All this material is provided for information only, I was not able to verify any technical information in this article, it should not be relied upon in any investment decisions.
TNR Gold holds now 0.4% NSR on the whole Los Azules copper deposit, 1% bonus on the sale of Los Azules and McEwen Mining shares. You can find all our financial information in the official reporting on SEDAR.
"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."
Gold Investment Letter:
McEwen Mining Back To The Basics.
Ahhh it seems like just yesterday when back in 2003 I bought my first gold coin and became a gold bull after never previously following precious metals. Then, I believe sometime that same year or in 2004 I started buying mining stocks. The first was Newmont Mining but then I began scouting the “juniors” for leverage in the new bull cycle. Now that we’re over 4 years into the gold, silver, and mining stock bear market correction, I both ponder the best approach to profit in the recovery and marvel at the bargains of companies I owned almost a decade ago. When an entire sector like the junior mining industry is washed out, and investors throw the baby out with the bath water, there are very attractive investment opportunities for long term investors.
One of the first juniors I began tracking back in the day was a company called U.S. Gold, now McEwen Mining (NYSE: MUX/TSE: MUX). When CEO Rob McEwen bought 3 Nevada focused juniors (one with exposure in Mexico) and rolled them into U.S. Gold, the stock went bananas running from about 35 cents in late 2005 to $10 by early 2006. The excitement was palpable as investors rushed to get into McEwen’s next deal. Rob is a Canadian Billionaire and in my opinion the most credible and capable operator in the small to mid-tier gold exploration and production industry. He may even be the best in the entire industry. But lucky for us he’s building another company (with his name on the door) from the ground up into a multi-billion dollar enterprise that is part of the S&P 500 (Rob has been vocal about this goal).
McEwen founded and is the former Chairman and CEO of Goldcorp. He formed the company in 1990 and grew it from a $50 million market cap company to a $20 Billion dollar behemoth. Despite the infamously terrible market for mining stocks and gold for most of the 1990’s, Goldcorp’s share price grew at a 31% compound annual growth rate during Rob’s tenure (he made many loyal shareholders rich). Goldcorp is still the 4th largest gold producer in the world today only behind Barrick, Newmont, and Agnico Eagle. I have followed the US Gold/McEwen Mining story fairly closely over the past 8-9 years and just this week began buying back a position. I will walk though why I plan on owning MUX as one of my core junior gold holdings for the duration of the next gold bull cycle. Even though, it would make perfect sense to buy some shares just based on Rob’s previous track record with Goldcorp, but it gets better.
As you can see in the monthly chart above that spans a decade, McEwen Mining is trading near 10 year low prices, despite having made significant progress since the last time it traded near a buck. I remember vividly begging clients to send in some cash to add more UXG (US Gold) the day it flushed to 38 cents in late 2008. The global financial meltdown was in frightening full swing and I remember the 38 cent low price because I actually bottom ticked the stock and got filled for 1500 shares at 38 cents! Even though it was less than $600 worth of shares, that same stock if held just 2.5 years would be worth $15,000. Such is the junior mining sector! It’s important to take a step back and take the long view because just as night follows day, I bet MUX hits at least $10 again in the next gold bull cycle.
One immensely unique fact regarding McEwen Mining is that the CEO owns 25% of the company AND it was purchased with out of pocket cash to the tune of $125,000,000 ($125 Million). In addition, it is very much worth noting, that his cost average for that 25%, is nearly $2 per share. So, we the people have a chance today to buy at a nearly 50% discount to the CEO who has been working and building this company every day for the last 10 years. Rob also takes no salary, gets no bonuses, and has no golden executive parachute in case of a change of control. Do you know how rare an arrangement like this is? If you know of any others even in the same ballpark please do let me know but I have not seen it in the mining sector where management teams are notorious for running “lifestyle companies” with no skin in the game themselves.
Now to the business. What brought my attention back to this stock recently was when I observed the share price was barely affected when the company announced over $7 million worth of gold concentrate was stolen from their El Gallo mine in Mexico in April. That’s a material amount of money yet the share price only dipped briefly then recovered quickly, which is a sign that the end of the bear market in this stock may be near. When bad news no longer has a negative impact on the share price, it is bullish. MUX has two primary producing gold mines, one called El Gallo in Mexico and one in Argentina called San Jose. To get a feel for their revenue/production profile I would encourage you to read the quarterly results from May 11th:
In summary, MUX is a cash flow positive company that posted earnings of $17 million for the quarter with over $5 million in positive cash flow. They are projecting 138,000 gold equivalent ounces produced in 2015 despite the $7MM theft (96,000 ounces of gold and the remainder in silver-3MM ounces). MUX has over $17 million in cash and unlike the vast majority of firms that transition from explorers to producers, has zero debt. They have a 3rd and 4th mine in the permitting and ready for build phases in El Gallo 2 and Gold Bar in Nevada. Cash and all-in-sustaining-costs (AISC) continue to improve at El Gallo 1 and this is a highly leveraged business to gold/silver prices. Much of these key points and projections are outlined in the new company presentation which I encourage you also to look through:
Production will continue to grow each year and due to the quality of the operator, costs should continue to be optimized, enhancing profitability. However, there is a potential lynchpin here that the market is not valuing whatsoever and we can buy it for free. That’s a 20 Billion pound high grade copper deposit that the company owns in Argentina called Los Azules. This is a very valuable asset. Many of you know my bullish perspective on Argentina and based on a recent investor presentation hosted by BMO, Rob McEwen seems to agree that the prospects are going to improve. The audio, also worthwhile and less than 30 minutes is available here:
What I can pretty much say with 100% confidence is that once the current “regime” in Argentina is removed at the end of the year, the business outlook and environment will begin to improve for years to come. Once this becomes reality, money will flow back into Argentina, which is the 3rd largest economy in Latin America behind Mexico and Brazil at a $600 Billion GDP. The country has a Trillion dollars of oil in the ground and other valuable commodities that have not been developed properly because of a hostile business environment overhang these past 8 years. This is all about to change in 7 short months and folks are already beginning to kick the tires there, even at Los Azules recently, according to Rob.
This is very important because MUX is going to sell this massive copper deposit, one of the largest and highest grades in the world. They are a focused gold/silver company, which I like. The Argentina assets have discounted MUX in the market but that is likely about to change to some degree. Even so, at a $300 Million enterprise value currently, we could see Los Azules easily sold for nearly that amount in the next 6-18 months. If/when that occurs, and we buy shares near $1 now, we own El Gallo 1 and 2, Gold Bar, the San Jose mine, and other exploration properties for free. If Los Azules only commands $200 Million (just one penny per pound of copper), then we paid $100 million for all of these assets which, in a bull market, will be valued over a billion dollars easily.
Mcewen Mining is a liquid stock trading millions of dollars per day, listed on the NYSE and Toronto Stock Exchange, and widely institutionally held. For gold to move back to its 2011 high prices, it would increase 59%. For Royal Gold (RGLD) the royalty company to do so it would only be a 56% gain. For GDX (ETF) 254% but for MUX it would increase over 715%. MUX is highly levered to the price of gold and has one of the highest betas amongst junior mining stocks. And, if MUX went to almost $10 in 2011 before the company was even in production, where will it go now with $2,000 gold? Even at $1200 gold it is very assuring that this company is nicely profitable, well managed, and has quite strong financial backing.
In summary, own McEwen Mining as a best of breed junior miner in your portfolio. Under $1.25 the stock is very cheap fundamentally and historically. Begin accumulating now at $1.10 and on any weakness for what should be extraordinary returns in a better environment for gold miners and in Argentina where the company owns significant assets.
I am initiating a Strong Buy recommendation on Mcewen Mining (MUX) at $1.10 per share with a 12-24 month price target of $3 US. Gold Investment Letter."
Thursday, 13 November 2014
TNR Gold Los Azules Copper M&A: Billionaire Buying Buoys Southern Copper’s Stock.
We have more money coming into the Copper mining sector. The most important now is that the industry insiders are buying in.
TNR Gold Los Azules Copper M&A: Barrick In Talks With Chinese Miner Zijin On Pascua-Lama Investment.
Argentina comes to the forefront of mining M&A activity with this report about Barrick's talks with another Chinese miner. Los Azules copper is located in the same province San Juan in Argentina and will benefit from any potential development at Pascua Lama. China is very active in Argentina. Trade and military cooperation agreements were signed and currency swap line is in place now. Recent change to the investment rules will allow more investment into the very lucrative shale oil sector in the country. Next year elections should be changing the investment climate for the better as well continuing this trend. Read more."
TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".
Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/
Bloomberg:
Billionaire Buying Buoys Southern Copper’s Stock.
German Larrea, the billionaire behind Grupo Mexico SAB (GMEXICOB), is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.Larrea, Mexico’s eighth-richest man after telcommunications mogul Carlos Slim, has bought more than 1.8 million shares in Southern Copper since July 30, including 1 million over a three-day period, according to data compiled by Bloomberg. Management at Southern Copper, which had the most insider buying in the U.S. last week, bought back more than 12 million shares this year, according to U.S. Securities and Exchange Commission filings.Larrea’s buying “helped to support the stock” as copper prices slid 11 percent this year, according to Garrett Nelson, an analyst at BB&T Capital Markets in Richmond, Virginia. Buybacks of Southern Copper, which is controlled by Larrea’s Grupo Mexico, show confidence in the company and future copper prices, Nelson said in a telephone interview.“Larrea has a fair amount of confidence that the stock is undervalued,” Andreas Bokkenheuser, an analyst at UBS AG, said in a telephone interview from New York. “The buyback, whether at corporate level or ownership level, reinstalls investor faith in the shares.” Read more on Bloomberg."
Thursday, 6 November 2014
TNR Gold Los Azules Copper M&A: Barrick In Talks With Chinese Miner Zijin On Pascua-Lama Investment.
Argentina comes to the forefront of mining M&A activity with this report about Barrick's talks with another Chinese miner. Los Azules copper is located in the same province San Juan in Argentina and will benefit from any potential development at Pascua Lama. China is very active in Argentina. Trade and military cooperation agreements were signed and currency swap line is in place now. Recent change to the investment rules will allow more investment into the very lucrative shale oil sector in the country. Next year elections should be changing the investment climate for the better as well continuing this trend.
Mr. Kirill Klip, Non-Executive Chairman of TNR states, “I have commented regularly on the merits of the Los Azules project. It is a unique, long-life, copper mining opportunity in Argentina. The acquisitions that include the Las Bambas copper mining project in Peru and the Taca Taca copper deposit in Argentina confirm there is significant value to be realized for projects in this region. We have had a good working relationship with PI Financial. They understand our needs and have great familiarity with the Los Azules asset. I am confident that this expanded engagement will have a favourable result for our stakeholders. Both TNR and PI Financial are of the opinion that the conversion of the back-in right will greatly enhance the ability for prospective purchasers to value the NSR and the deposit.” Read more."
Presentation: TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".
TNR Gold NSR In Los Azules Copper Project: What Is Net Smelter Return?
Net Smelter Return (NSR) is the net revenue (total revenue minus production costs) that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator is obligated to pay the owner of the royalty agreement. The royalty is paid in variable or fixed payments based on sales revenue received by a mining operator in return for mining output. It is contingent only on the sales price and quantity of product sold.[1] Read more."
I am very pleased to report our latest development on Los Azules.
We have finally locked up the participation in this unique world-class copper asset for the benefit of all our shareholders:
1. Now we do not have to wait for feasibility study.
2. We do not have to contribute any capital.
3. Our industry standard NSR in "one of the largest undeveloped copper projects", according to McEwen Mining, is in effect immediately and can be monetised now at any time.
4. 0.4% NSR is now attributed to the entire Los Azules project - it is higher than pro-rata 0.6% attributed to only our part of Los Azules before.
5. We will participate in sale of Los Azules by McEwen Mining within 36 month and it is not affecting our NSR.
6. We are receiving shares in McEwen Mining.
7. Now TNR Gold will benefit directly from:
A. Sale of Los Azules by McEwen Mining within 36 months.
B. Rise in value of McEwen mining shares.
C. Rise in Copper prices.
D. Potential increase in the deposit size and quality of the reported resources of the entire Los Azules.
E. Further feasibility studies conducted by the McEwen Mining or the new Operator and advancement of the project.
Jim Mustard VP of PI Financial can provide you with additional information on Los Azules Copper project and TNR Gold assets related to it.
Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/
Financial Post:
TORONTO — Barrick Gold Corp. is in talks with state-owned Chinese miner Zijin Mining Group Co. to form a partnership on the botched Pascua-Lama project, according to a government official in Argentina.
Felipe Saavedra, mining minister of Argentina’s San Juan province, said in a local radio interview on the weekend that Zijin is interested in coming into Pascua as an investor, and has visited the mine site several times. The interview was first reported in English by the blog IKN.
Toronto-based Barrick declined to comment on the minister’s remarks. But spokesman Andy Lloyd noted that Barrick said in the past that it is “open to considering a partner on Pascua-Lama.” Financial Post."
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