Eldorado Gold reports in-line 2017 gold production

By analyst By Valentina Ruiz Leotaud Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical reports and potential subsequent capital requirements.” In a press release, the Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold output was of 285,919 ounces in 2017, while the revised guidance range was of 280,000 to 310,000 ounces. All-in sustaining costs are expected to come in at ~$900/oz., also in-line with the revised guidance. Source: Google Finance. The company reported that it also produced 7,061 ounces of gold in the fourth quarter from a bulk sample at its newly acquired Lamaque project in Quebec. Pre-feasibility and construction works are already taking place at the eastern-Canada mine, in parallel with the refurbishment of the … Continue reading

Punch-Drunk Investors & Extinct Bears, Part 2

By Pater Tenebrarum Rydex Ratios Go Bonkers, Bears Are Dying Off For many years we have heard that the poor polar bears were in danger of dying out due to global warming. A fake photograph of one of the magnificent creatures drifting aimlessly in the ocean on a break-away ice floe was reproduced thousands of times all over the internet. In the meantime it has turned out that polar bears are doing so well, they are considered a quite dangerous plague in some regions in Alaska. Alas, there is one species of bear that really is in danger of going extinct – only this one lives on Wall Street, or let us rather say, it vegetates on Wall Street these days. Similar levels of complacency as were evident in the AAII data were reflected in Rydex ratios, which streaked to fresh extremes in recent weeks. The bull/bear asset ratio reached … Continue reading

Punch-Drunk Investors & Extinct Bears, Part 1

By Pater Tenebrarum The Mother of All Blow-Offs We didn’t really plan on writing about investor sentiment again so soon, but last week a few articles in the financial press caught our eye and after reviewing the data, we thought it would be a good idea to post a brief update. When positioning and sentiment reach levels that were never seen before after the market has gone through a blow-off move for more than a year, it may well be that it means something for once. Sloshed as we are… a group of professional investors prepares for a day of hard work on Wall Street. The tedium of a market that goes up a little bit every day, day in day out, is taking its toll. Interestingly, the DJIA has fully participated in the blow-off this time, contrary to what happened at the end of the 1990s bull market and … Continue reading

Barrick just makes 2017 production guidance

By analyst By Frik Els Shares in Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) retreated slightly in after hours trade on Tuesday after the company announced full year production that came in at the lower end of production guidance. Barrick, the world’s top producer of gold, is up 5% since the start of the year in line with a stronger gold price which set fresh 4-month highs around $1,340 an ounce on Tuesday. The Toronto-based company is now worth $18.4 billion in New York. According to a statement preliminary full year gold production for 2017 came in 5.32 million ounces at the bottom end of its 5.3-5.5 million ounces guidance; a number twice adjusted downwards from its outlook at the start of the year of a range of 5.6–5.9 million ounces. Barrick sold 50% of the Argentina mine to China’s Shandong Gold for $960 million mid-year Only Barrick’s flagship Nevada operations managed to … Continue reading

KER Politics – Tue 16 Jan, 2018

By Big Al Anti Trumpers need to remember this speech! I am a bit concerned about the shift immediately after Trump’s introduction back to Jackson an then again back to Trump. My only consolation is that I got this from The Drudge Report and I don’t believe that it would put a “doctored” video on their site. Any comments? …read more Source:: The Korelin Economics Report The post KER Politics – Tue 16 Jan, 2018 appeared first on Junior Mining Analyst. … Continue reading

Chris Temple from The National Investor – Tue 16 Jan, 2018

By Cory US Markets, VIX, Base Metals, and Oil Show Massive Liquidity Chris Temple kicks off today with comments on the US markets as well as base metals and oil. Another day and see are seeing US markets continue their strong rise. It is interesting to see the VIX also rising today. This show traders are trying to be at least a little protected for a coming natural pullback. We also look at the general pull back in the metals but still the fact that base metals and oil remain at a higher level. This is telling us something about the overall economies. Click here to visit Chris’s site and consider signing up for his newsletter. Download audio file (2018_01_16-Chris-Temple.mp3) …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Tue 16 Jan, 2018 appeared first on Junior Mining Analyst. … Continue reading

‘Grossly Undervalued’ Miner Enters 2018 with Abundant News about Its Argentinian Projects

Source: Streetwise Reports 01/16/2018 A small-cap miner moving forward on its prospects in Argentina has caught the attention of several industry watchers. Golden Arrow Resources Corp. (GRG:TSX.V; GAC:FSE; GARWF:OTCQB), operating the Chinchillas gold/zinc/lead deposit and the Pinquitas silver/zinc mine in Argentina, released significant news toward the end of 2017. In November, the company announced it was initiating a $1 million “exploration program at its 100% owned Pescado Gold Project” in San Juan, Argentina. “The exploration program will include additional geophysics and surface work to refine drill targets, with up to 1,800 metres of drilling budgeted,” according to the press release. “Work permits have been granted by the provincial mining authorities, and the technical team is now commencing exploration at the Yanso target area.” In December, Golden Arrow announced Puna Operations Inc., “a joint venture comprised of the Pirquitas property and the Chinchillas property, owned 25% by Golden Arrow,” had secured … Continue reading

‘Revenue Build’ in 2018 Anticipated for Energy Firm

Source: Streetwise Reports 01/16/2018 Mackie Research Capital Corp. analyst Nikhil Thadani explained how a recent milestone may signify the start of a revenue growth spurt for this supplier of power electronics for energy storage systems. Nikhil Thadani, an analyst with Mackie Research Capital Corp., reported in his Jan. 11, research note that on the previous day, the stock price of Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) jumped ~25% and closed at CA$0.21 per share following the company’s announcement it will make a second volume shipment of approximately CA$1 million to Hawaii in January. This subsequent delivery is “an important milestone,” for Eguana, Thadani added. The corporation expects additional Hawaii business this year will drive revenue. “Hawaii’s need for advanced power controls to manage power flow, which will be rolled out in calendar year 2018, should lead to additional orders in this market,” Thadani indicated. This year, 2018, could also “provide [the] … Continue reading

Junior E&P Begins Drilling in Oklahoma’s STACK in Area with Monster Well Potential

Source: Streetwise Reports 01/16/2018 A junior E&P with prime land in Oklahoma’s STACK play uses a land swap to jump-start its drilling in an area that is seeing off-the-charts production as oil prices continue to rise. The STACK play in Oklahoma remains one of the hottest areas of oil production in the U.S. The acronym stands for an unwieldy sounding “Sooner Trend Anadarko basin Canadian and Kingfisher counties,” but the area saw widespread oil and gas production in the 1960s through the 1980s via traditional, vertical wells. New horizontal drilling technologies are now unlocking vast reserves of oil and gas trapped in the shale, and companies are seeing off-the charts results. IP30s (Initial Production after 30 Days, which means the average daily production rate after 720 hours of production [there are 720 hours in 30 days]) for notable wells in the area range from 700 barrels of oil equivalent per … Continue reading

European metals technology companies want to lead anti-corruption fight

By analyst By Valentina Ruiz Leotaud Following the 2016 launching of the Collective Action Initiative for the Metals Technology Industry, the program announced today that it has added Techint Group’s Tenova S.p.A. as a new member. Tenova is a mechanical engineering company for the steel and non-ferrous metals processing industry headquartered in Castellanza, Italy. The other three members of the initiative, Danieli & C Officine Meccaniche SpA, Primetals Technologies Limited and SMS GmbH, are based in Buttrio, London, and Düsseldorf respectively. According to a press release distributed on Monday, the MTI Collective Action Initiative is facilitated by Swiss-based non-profit anti-corruption International Centre for Collective Action, which operates within the Basel Institute on Governance. The goal of the initiative is to provide a forum for the members to develop anti-corruption compliance best practices and ensure fair competition in the metals technology industry in the countries in which they operate. In the … Continue reading