Here’s Why Earnings Season Matters… And How YOU Cash In!

By Alan Knuckman

Alan Knuckman

This post Here’s Why Earnings Season Matters… And How YOU Cash In! appeared first on Daily Reckoning.

If you watch business news channels regularly, you’ll start to notice a pattern. Every three months, like clockwork, they’ll devote hundreds of hours of programming to a single topic.

For about six weeks, you’ll hear the same words over and over and endure an endless parade of “breaking news” interruptions. Near the end of it, you’ll be ready to switch the channel to soap operas for something a little less dramatic.

But then it all suddenly goes away… at least for a few months.

It’s called earnings season — when companies report their quarterly financial results. The media focuses so much attention on these numbers because they can help you make smarter investment decisions… even if you don’t own any shares of the companies being discussed.

Of course, if you are a shareholder, these updates are critical. You’ve forked over capital expecting a return — so naturally you want to be kept in the loop.

For everyone else, there are three major things to look for during earnings season:

  1. Earnings surprises
  1. Management’s outlook
  1. Bellwether companies.

An earnings surprise is one possible result of analysts’ favorite pastime — estimating how much money a company will make in a quarter.

They use their knowledge to guess how much profits a company will make and divide it by the number of shares outstanding.

This is called earnings per share… essentially, how much each share would be worth if the company were to distribute its profits to shareholders.

Since analysts use different methods in their calculations, they come up with different numbers. News organizations average out the estimates of leading analysts, which becomes the “consensus.”

An earnings surprise is when the company reports a different figure than what the analysts expected.

If earnings per share comes in higher than analysts’ estimates, it’s called a “beat.” The opposite is a “miss.”

A beat or a miss causes a lot of volatility in the company’s share price. A beat means the company is stronger than most people thought, which usually convinces investors to buy the stock. A miss, of course, means the company isn’t doing as well as people thought.

Another key part of the earnings announcement is management’s outlook on earning per share next quarter and next year.

This is important because stocks are forward-looking, meaning their prices reflect where investors expect shares to be in future, whether up or down.

So positive sentiment coupled with strong results tend to help maintain a bullish trend in the stock price.

On the other hand, sometimes earnings are great, but management sees a potential slowdown in earnings. It’s one reason why a stock’s price could fall even if it beats earnings estimates.

The last reason why earning season is so important is because we can learn clues about the general state and direction of major industries, if not the entire economy.

Bellwether companies are big blue chip stocks that lead the herd. If they’re reporting good results, then the rest of their sector tends to follow suit…

And if enough bellwethers from each industry are thriving, the rest of the stock market tends to do the same.

In other words, when bellwether companies announce earnings, smart investors pay attention.

So the next time a financial news channel breaks into regular programming to talk about a company’s latest earnings, pay attention.

An earnings miss or beat could open an opportunity to buy a great stock at a bargain price… or lead to a lucrative options play.

Management’s future earnings outlook could also help you time some stock option trades.

And bellwether companies’ quarterly results can give you insights on stocks you already own… or help you find other industries to explore.

It’s certainly a better strategy than taking a drink every time a talking head says, “earnings.”

Yours for Weekly Profits,

Alan Knuckman
Floor Trader, The Daily Edge
EdgeFeedback@AgoraFinancial.com

The post Here’s Why Earnings Season Matters… And How YOU Cash In! appeared first on Daily Reckoning.

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From:: Daily Reckoning

LME to launch monthly ‘implied pricing’ for base metals

By Cecilia Jamasmie

The London Metal Exchange (LME), the world’s biggest and oldest market for industrial metals, is implementing an “implied pricing” functionality, a set of synthetic monthly prices, in an attempt to offset increasing competition from other exchanges such as those operated by CME Group.

Starting on July 30, the exchange will provide the service for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.

Starting on July 30, the LME will provide the service for the six main base metals — copper, aluminum, zinc, lead, nickel and tin, it said in a note to members.

The 141-year-old LME has a complex system of futures that allows daily contracts for the first three months into the future. Its implied pricing combines the liquid 3-month outright order book with the “carry” (or calendar spread) order book to create (or imply) the most competitive monthly outright orders in both the month before and the one after the rolling 3-month date.

Earlier this month, the exchange announced another initiative, aimed at ensuring the cobalt traded on it is not mined using child labour, particularly in the Democratic Republic of Congo.

Starting next year, the LME will demand all companies that get at least 25% of their metal from small-scale mines in the DRC to be subject of a professional audit.

According to Financial Times, the exchange also plans to introduce a cash-settled lithium contract in the second half of 2019.

The post LME to launch monthly ‘implied pricing’ for base metals appeared first on MINING.com.

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From:: Mining.com

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

By Cecilia Jamasmie

Base metals producer Nevsun Resources (TSX:NSU) has once again dismissed a takeover offer by Lundin Mining (TSX:LUN), as it believes the bid ignores the fundamental value of the company and its assets.

Nevsun’s response comes a day after Lundin made a new offer, the second in three months to buy the base metals miner.

Chief Executive Officer Peter Kukielski said Lundin’s notional takeover offer represents only a 13 % premium to Nevsun’s shares trading price, which closed Monday at Cdn$4.2.

The Vancouver-based company’s statement comes a day after Lundin said it was taking another run at Nevsun by sweetening its offer. made its offer, its second in three months to buy Nevsun. The company said that it had not yet received a formal offer.

Lundin first approached Nevsun on February 7, submitting a new proposal on February 25 and yet another on April 3, all of which were rejected. In May, Lundin partnered with Euro Sun Mining a roughly $1.5-billion takeover offer that was a combination of cash as well as shares in both Lundin and Euro Sun. That bid was also rejected.

Lundin and its partner are after Nevsun’s large high-grade Timok copper-gold project in Serbia as well as the company’s other key asset — the Bisha copper-zinc mine in Eritrea.

In 2016, Lundin tried and failed to buy Timok from previous owner Freeport McMoRan.

The post Nevsun passes on Lundin’s $1.4 billion fresh takeover bid appeared first on MINING.com.

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From:: Mining.com

First Majestic’s new mine increase silver production by 21%

By Michael Allan McCrae

The addition of the First Majestics’ San Dimas Mine bumped silver production from 2.29 million ounces to 2.75 million ounces.

The Vancouver-based silver company (TSE:FR) announced its second quarter on Monday.

“During the quarter, the integration of the newly acquired San Dimas mine into our Mexican portfolio was our primary focus,” said Keith Neumeyer, President & CEO, in a news release.

San Dimas was acquired May 2018.

“Short term, we are focused on reducing underground dilution and implementing mill automation processes, including the installation of high intensity grinding technologies in order to increase efficiencies and reduce production costs.

“In addition, under the new streaming agreement, we are going back to mine numerous high-grade silver veins that were previously deemed uneconomic by the previous operator. In 2018, all-in sustaining costs at San Dimas are projected to be between $6.99 to $8.19 per ounce, making it our lowest cost and our largest producing mine.”

Creative Commons image courtesy of Scott Robinson

The post First Majestic’s new mine increase silver production by 21% appeared first on MINING.com.

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From:: Infomine

Quarry to use drones, AI for tracking inventory

By Michael Allan McCrae

Wendling Quarries’ workers will no longer hike up frozen, snow-covered piles to survey its stockpiles and will instead rely on a fleet of drones and AI for inventory management.

Wendling, with operations in 13 counties throughout Eastern Iowa and Western Illinois, tapped Kesprey to carry out inventory estimates at its operations. The drone-based aerial intelligence provider announced the deal last week.

“I hated the whole process of inventory,” said Tony Manatt, owner and president, Wendling Quarries, in a Kesprey news release.

“It was always inaccurate, and it was always an issue to put together a team that would take care of inventory. In a couple days of surveying, we would need to measure anywhere from 100-200 irregular, frozen, snow-covered piles.

Wendling says the service is more efficient, safer and accurate. The quarry operator can also carry out more frequent surveys.

“Before, when we were using just a stick, and we had to climb to the top of those piles, we wouldn’t do our inventories nearly as often,” said Dylan Daehn, engineer, Wendling Quarries, in a Kesprey news release.

“Now, we can go out and fly all our quarries once a month or once every other month. We used to only maybe do it once a year. I can survey a 100-plus acre site in less than an hour, and I’ve got all this data that is accurate down to a couple centimeters.”

Creative Commons image of a quarry courtesy of coloeus&k___a

The post Quarry to use drones, AI for tracking inventory appeared first on MINING.com.

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From:: Infomine

Construction Update for Idaho Cobalt Project Released

Source: Streetwise Reports 07/17/2018

Critical equipment and power have been delivered to site; the pouring of concrete has commenced.

In a July 12 press release, eCobalt Solutions Inc. (ECS:TSX; ECSIF:OTCQX; ECO:FSE) provided an update on construction progress at the company’s 100% owned Idaho Cobalt Project (the ICP), located near the town of Salmon, in the heart of the historic Idaho Cobalt Belt.

The ICP remains the sole, near-term environmentally permitted primary cobalt deposit in the United States, said the press release.

“Construction activities continue at the mine site and we are expanding our production-ready team as we advance the ICP towards production,” said Paul Farquharson, president and CEO of eCobalt. “Activities are ramping up with delivery of critical equipment to site for the construction and finalization of all environmental systems. We have energized the main transformer with installed grid power now operational.”

The concrete plant is on site and the company has begun constructing foundations for the water treatment plant, said Farquharson.

“Furthermore, I am pleased to report that we continue to attract talented individuals possessing a high level of operational expertise, with a total head count of 29 in our Salmon, Idaho office,” he said. “It is through our team’s hard work and commitment that we have made excellent progress at the ICP to date.”

Completed works at the mine site includes delivery of over 70,000 tons of crushed aggregate to the site for construction activities, engineering, fabrication and delivery of the water treatment plant, preparation of the water treatment plant site for building construction and provisions on site for emergency medical services,” said the press release.

Work in progress includes: installation of liners for the Tailings Waste Storage Facility (TWSF) and water management ponds, installation of the potable water wells and distribution system, completing building pads for the crusher and concentrator, establishment of a construction workforce camp near the property, access road improvement projects and planning and procurement in preparation for construction of production facilities.

“The company’s main objective is to ensure that all environmental systems are in place to manage mine water and waste rock prior to commencing underground operations,” said the press release.

These systems include the ground water protection wells, piping and instrumentation, installation of the liners on the TWSF and water storage Ponds, and the completion of all access and maintenance roads.

“These activities are part of the use of proceeds from the February 2018 public offering and, due to weather delays earlier this spring, are now anticipated to be completed in early fourth quarter of 2018,” said the press release.

In support of these efforts, the company said it recently hired additional senior support personnel. Positions currently filled include Vice President / General Manager, Process Manager, HR Manager, Controller, Process Control Foreman, Senior Metallurgist, Mill & WTP Superintendents, Environmental Manager & Technicians, Health & Safety Manager and Coordinators, Field Project Manager, Senior Geologist and Purchasing Superintendent.

Read what other experts are saying about:

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: eCobalt Solutions. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: ECS:TSX; ECSIF:OTCQX; ECO:FSE,
)

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From:: The Energy Report

Renewable Energy Tech Company Establishes Distribution Partnership

Source: Streetwise Reports 07/17/2018

Firm picks partner with Middle East experience.

The Calgary, Canada-based renewable energy tech company Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) introduced Icarus Enerji Ltd. as its distribution partner covering Turkey, the Middle East, Africa and Central Asia, in a July 12 press release.

“Icarus has extensive experience in solar and renewable energy with expertise in moving products in the Middle East,” said Justin Holland, Chief Executive Officer at Eguana Technologies. “The region is relatively untapped from a storage perspective and we are looking forward to distributing Eguana products through Icarus’ local networks.”

Icarus was founded in 2016 by a group of international renewable energy executives who served in the solar energy business for more than 16 years in several international companies and managed in over 92 countries at Executive levels.

The company has also been involved in specifically Li-Ion battery technologies for several years.

“Eguana’s residential ‘Evolve’ product’s simple modular approach will do very well in Middle East markets,” said Eren Engur and Hakki Karacaoglan, cofounders of Icarus. “Being partnered with LG Chem and endorsed by Mercedes Benz Energy confirms the reliability and performance we were looking for in our storage solutions.”

With its worldwide presence, Eguana aims to provide high-quality services to its partners globally, said the company in the press release,

Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems.

“With two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, Eguana delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America,” stated the press release.

With thousands of its proprietary energy storage inverters in the European and North American markets, Eguana is a leading supplier of energy storage solutions for solar self-consumption, grid services and demand charge applications at the grid edge, it said.

To learn more, visit www.EguanaTech.com or follow Twitter @EguanaTech

Want to read more Energy Report articles like this? Sign up at www.streetwisereports.com/get-news for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Eguana Technologies. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.

( Companies Mentioned: EGT:TSX.V; EGTYF:OTCQB,
)

…read more

From:: The Energy Report

How Mining Companies with Strong CSR Programs Benefit All Stakeholders

By Investing News Network

AngkorLogo2012_web-blacktext

Both consumers and investors are increasingly pushing for more ethical and sustainable mining practices, leading many companies in the sector to reconsider the value of creating impactful corporate social responsibility (CSR) programs.

Gone are the days when a company could merely play lip service to such issues with a token gift and a CSR blurb on their website. “In the years to come, 2018 is likely to be viewed as the tipping point when corporate social responsibility definitively became a mainstream investor consideration,” according to a report by global law firm Ropes & Gray, LLP.

Further increasing the pressure, indigenous peoples are successfully demanding a greater say in how foreign mining companies explore for and extract resources from their communities. “Mining companies are unique in that they have always had to go where the resources they want are physically located,” according to OpenCanada.org, a publication of the Centre of International Governance Innovation. “These areas are often remote, environmentally delicate, and inhabited by indigenous people who will not equally receive the economic benefits of development.”

Having a CSR program that is not only well-defined but well-executed is critical if a resource company wants to retain its social license to operate as a foreign company in a host jurisdiction.

But what does that look like?

This INNspired Article is brought to you by:

Angkor Gold (TSXV:ANK, OTC:ANKOF) is Cambodia’s premier mineral explorer and project generator with more than 30 prospects across five licenses covering a 983-square kilometer land package. Since 2009, Angkor has been actively exploring its extensive holdings in Cambodia.Send me an Investor Kit

What is corporate social responsibility?

Canada’s Department of Natural Resources defines corporate social responsibility as “the voluntary activities of companies, over and above regulation, that serve to integrate social, environmental and economic concerns into their activities.”

The word “integrate” represents the most important element for companies to understand. For CSR to be impactful, it must become an integral component of corporate culture.

In his 2018 letter to CEOs, founder and CEO of BlackRock, the world’s largest asset manager ($6 trillion), Larry Fink urged company executives to heed the public’s demand that companies “serve a social purpose.” Fink believes that for a company to “prosper” in the long-term it “must not only deliver financial performance, but also show how it makes a positive contribution to society.”

Resource exploration and mining is an excellent example of an industry in which concerns over the environment and society converge with business. In fact, CSR was an important topic at the 2018 annual Prospectors and Developers Association of Canada (PDAC) convention. Speaking at the PDAC CSR session, Development Partner Institute for Mining executive director Wendy Tyrrell said making responsible environmental and social engagement a reality in the mining sector is “about that very deep level of understanding – getting beyond the superficial and really seeing each other as humans who have a common interest and finding that common interest, that shared purpose.”

CSR programs in the mining industry are an equitable way to compensate communities for the social and environmental costs associated with mining while at the same time engaging the community through involvement in the mining project. According to the World Bank, “in order to obtain a ‘social license’ to operate,” the mining industry must provide benefits to local communities.

“There is no bible to real social development but instead a little humility and courage – one has to just engage, listen, plan and implement. Then assess, improve, and continue with implementation,” Delayne Weeks, VP of Social Development for Angkor Gold (TSXV:ANK, OTC:ANKOF), told INN. “But most often, the planning stage quickly gets bogged down with strategic planning sessions, capacity-building exercises, empowerment exercises, stakeholder mapping, directional policy protocol development, etc. This is especially the case if you have typical NGO involvement. On the other hand, let committed, savvy private industry companies lead this and you will get results.”

Benefits for all stakeholders

The defining feature of a successful CSR program is a high respect for stakeholder engagement at the local, regional and national level. “Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate,” said Fink. And this should begin at day one of a project.

“It’s about making a commitment to invest in the communities that surround your operations at the earliest stage of a project and giving them a hand-up in addressing their needs through capacity-building initiatives,” said Weeks, whose company Angkor has operations in Cambodia and has been conducting CSR initiatives including clean water and sanitation projects, school and medical support for the region, as well as the development of sustainable cottage industries. “Whether it be in the textile, mining or agriculture sector, international groups like ourselves need to be seen by communities as an agent for positive growth.”

Listening to community members concerns, transparency and accountability early on are key to building trust and maintaining positive relationships throughout the life cycle of an operation. As many companies are discovering, strained relations in the exploration stage can hinder a project from ever reaching development or becoming a takeover target, significantly impacting the value of an asset. And that can ruin a company’s relationship with its other important set of stakeholders—investors.

What should investors look for?

So how can investors evaluate the strength of a company’s CSR program? Some of the defining features of a junior mining company whose corporate values align with serving a social purpose include:

  • Open lines of communication and active engagement with local community.
  • Providing transparent information and education about the project and its impact on the local environment and economy.
  • Positive working relationships with authorities at all levels of government.
  • Strong investment in community development and betterment campaigns.
  • Employment and training opportunities for local community members.
  • Health and safety are made a priority by implementing policies at the worksite level and supporting initiatives at the community level.
  • Experienced management team dedicated to social responsibility.
  • Focus on sustainability issues and environmental protection.

Of these characteristics, experienced management is perhaps the most important.

“Hands down, the companies who are out-performing in many ways …read more

From:: Investing News Network

How Mining Companies with Strong CSR Programs Benefit All Stakeholders

By Investing News Network

AngkorLogo2012_web-blacktext

Both consumers and investors are increasingly pushing for more ethical and sustainable mining practices, leading many companies in the sector to reconsider the value of creating impactful corporate social responsibility (CSR) programs.

Gone are the days when a company could merely play lip service to such issues with a token gift and a CSR blurb on their website. “In the years to come, 2018 is likely to be viewed as the tipping point when corporate social responsibility definitively became a mainstream investor consideration,” according to a report by global law firm Ropes & Gray, LLP.

Further increasing the pressure, indigenous peoples are successfully demanding a greater say in how foreign mining companies explore for and extract resources from their communities. “Mining companies are unique in that they have always had to go where the resources they want are physically located,” according to OpenCanada.org, a publication of the Centre of International Governance Innovation. “These areas are often remote, environmentally delicate, and inhabited by indigenous people who will not equally receive the economic benefits of development.”

Having a CSR program that is not only well-defined but well-executed is critical if a resource company wants to retain its social license to operate as a foreign company in a host jurisdiction.

But what does that look like?

This INNspired Article is brought to you by:

Angkor Gold (TSXV:ANK, OTC:ANKOF) is Cambodia’s premier mineral explorer and project generator with more than 30 prospects across five licenses covering a 983-square kilometer land package. Since 2009, Angkor has been actively exploring its extensive holdings in Cambodia.Send me an Investor Kit

What is corporate social responsibility?

Canada’s Department of Natural Resources defines corporate social responsibility as “the voluntary activities of companies, over and above regulation, that serve to integrate social, environmental and economic concerns into their activities.”

The word “integrate” represents the most important element for companies to understand. For CSR to be impactful, it must become an integral component of corporate culture.

In his 2018 letter to CEOs, founder and CEO of BlackRock, the world’s largest asset manager ($6 trillion), Larry Fink urged company executives to heed the public’s demand that companies “serve a social purpose.” Fink believes that for a company to “prosper” in the long-term it “must not only deliver financial performance, but also show how it makes a positive contribution to society.”

Resource exploration and mining is an excellent example of an industry in which concerns over the environment and society converge with business. In fact, CSR was an important topic at the 2018 annual Prospectors and Developers Association of Canada (PDAC) convention. Speaking at the PDAC CSR session, Development Partner Institute for Mining executive director Wendy Tyrrell said making responsible environmental and social engagement a reality in the mining sector is “about that very deep level of understanding – getting beyond the superficial and really seeing each other as humans who have a common interest and finding that common interest, that shared purpose.”

CSR programs in the mining industry are an equitable way to compensate communities for the social and environmental costs associated with mining while at the same time engaging the community through involvement in the mining project. According to the World Bank, “in order to obtain a ‘social license’ to operate,” the mining industry must provide benefits to local communities.

“There is no bible to real social development but instead a little humility and courage – one has to just engage, listen, plan and implement. Then assess, improve, and continue with implementation,” Delayne Weeks, VP of Social Development for Angkor Gold (TSXV:ANK, OTC:ANKOF), told INN. “But most often, the planning stage quickly gets bogged down with strategic planning sessions, capacity-building exercises, empowerment exercises, stakeholder mapping, directional policy protocol development, etc. This is especially the case if you have typical NGO involvement. On the other hand, let committed, savvy private industry companies lead this and you will get results.”

Benefits for all stakeholders

The defining feature of a successful CSR program is a high respect for stakeholder engagement at the local, regional and national level. “Companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate,” said Fink. And this should begin at day one of a project.

“It’s about making a commitment to invest in the communities that surround your operations at the earliest stage of a project and giving them a hand-up in addressing their needs through capacity-building initiatives,” said Weeks, whose company Angkor has operations in Cambodia and has been conducting CSR initiatives including clean water and sanitation projects, school and medical support for the region, as well as the development of sustainable cottage industries. “Whether it be in the textile, mining or agriculture sector, international groups like ourselves need to be seen by communities as an agent for positive growth.”

Listening to community members concerns, transparency and accountability early on are key to building trust and maintaining positive relationships throughout the life cycle of an operation. As many companies are discovering, strained relations in the exploration stage can hinder a project from ever reaching development or becoming a takeover target, significantly impacting the value of an asset. And that can ruin a company’s relationship with its other important set of stakeholders—investors.

What should investors look for?

So how can investors evaluate the strength of a company’s CSR program? Some of the defining features of a junior mining company whose corporate values align with serving a social purpose include:

  • Open lines of communication and active engagement with local community.
  • Providing transparent information and education about the project and its impact on the local environment and economy.
  • Positive working relationships with authorities at all levels of government.
  • Strong investment in community development and betterment campaigns.
  • Employment and training opportunities for local community members.
  • Health and safety are made a priority by implementing policies at the worksite level and supporting initiatives at the community level.
  • Experienced management team dedicated to social responsibility.
  • Focus on sustainability issues and environmental protection.

Of these characteristics, experienced management is perhaps the most important.

“Hands down, the companies who are out-performing in many ways …read more

From:: Investing News Network

Angkor Gold Corp. Private Placement

By Hailey Wahlberg

ANGKOR GOLD CORP. (TSXV:ANK and OTC:ANKOF) (“Angkor” or “the Company”) the “Company”) a leading Canadian gold and copper mineral explorer in Cambodia, is pleased to announce that it has closed the final tranche of its previously announced convertible note offering (“The Notes”) for a final aggregate total of $1,050,000 raised.

The Notes have a three (3) year term and bear interest at the rate of six percent (6.00%) per annum if paid in cash or ten percent (10%) per annum if paid by common shares. The Note holders may, at their discretion, have the interest payments made in cash or in common shares at an issue price equal to the market price at the time of settlement. At the end of the term the Company will have the option to convert the principal amount into common shares in the capital of the Company at a conversion price of $0.25 per share, or repay the outstanding principal in cash. The Notes will also consist of a detachable warrant exercisable for a common share in the Company at $0.30 for a period 3 years from the issue date.

Pending TSX-V approval, the Company will issue the second tranche of the convertible notes for $500,000 along with the 2,000,000 warrants. The Company notes that insider participation in the second tranche of The Notes was $450,000. The proceeds from this offering will be used to finance continued gold and copper exploration on Angkor’s five exploration licenses in Cambodia, and for general working capital purposes.

ABOUT ANGKOR GOLD CORP.

ANGKOR Gold Corp. is a public company listed on the TSX-Venture Exchange and is a leading mineral explorer in Cambodia, with a large land package and a first-mover advantage building strong relationships with all levels of government and stakeholders.

On behalf of the Board,

Mike Weeks, Executive Chairman

Angkor Gold Corp.

CONTACT:

Stephen Burega, CEO

Telephone: (647) 515-3734

Email: sb@angkorgold.ca

Website: http://www.angkorgold.ca or follow us on Twitter @AngkorGold

Neither 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 release.

Box 153, Sexsmith, AlbertaT0H 3C0 Canada dot www.angkorgold.ca

Click here to connect with Angkor Gold (TSXV:ANK, OTC:ANKOF) for an Investor Presentation.

The post Angkor Gold Corp. Private Placement appeared first on Investing News Network.

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From:: Investing News Network