Annual Financial Results Released by Zinc Mining Company

Source: Streetwise Reports 03/22/2018 The company released its 2017 annual audited financial results. Trevali Mining Corp. (TV:TSX; TV:BVL; TREVF:OTCQX) recently released its audited annual financial results for 2017. The company had net income of $20.2 million, or $0.03 per share, and EBITDA of $101 million on total revenues of $330.5 million. Fourth quarter net income was $25.2 million, or $0.03 per share, and EBITDA was $56.3 million on net concentrate sales revenues of $188.8 million. Paradigm Capital analyst Jeff Woolley said of the results, “With both zinc and lead fundamentals currently strong, we forecast Trevali to generate substantial free cash in 2018 of $185M or $0.22/sh (+300% y/y). With only $160M in total debt, the company is well positioned to evaluate additional growth opportunities. Enhanced exploration programs at all the mines will seek to add tonnes to the resource base to extend mine life or potentially support mill expansions down. … Continue reading

A Look at the Biggest Lead and Silver Producer in the World

Source: Clive Maund for Streetwise Reports 03/22/2018 Technical analyst Clive Maund talks about the world’s largest and lowest cost producer of both lead and silver. South32 Ltd. (S32:ASX) has the distinction of owning the giant Cannington Mine, the world’s largest and lowest cost producer of both lead and silver, which is good to know, since we are of the opinion that silver is at a very low price and is an extremely good value investment here. The company is also a very big producer of other base metals, but as far as is known has not yet discovered any unobtanium. The stock charts only go back about 3 years because the company was spun off from BHP Billiton several years ago. On the all data chart which goes back to mid-2015 we can see that after being spun off, South32 continued to drop in a severe downtrend in sympathy with … Continue reading

Paul Zimnisky: The Price of Lab-created Diamonds Continue to Fall

By analyst The discount of gem-quality lab-created diamonds, manufactured for use in jewelry, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices. … …read more Source:: PRNewswire-Mining and Metals The post Paul Zimnisky: The Price of Lab-created Diamonds Continue to Fall appeared first on Junior Mining Analyst. … Continue reading

TheDailyGold Premium Flash Update (3/22)

By Jordan Roy-Byrne CMT, MFTA The 8-page flash update was published and emailed to subscribers early Thursday AM. The update covers the current technical setup of Gold, Silver and the gold stocks, our short-term expectations and the few things we will be watching to help inform us as to how sustainable this strength will be. …read more Source:: The Daily Gold The post TheDailyGold Premium Flash Update (3/22) appeared first on Junior Mining Analyst. … Continue reading

Brazilian pension funds to sell stakes in Vale

By analyst By Valentina Ruiz Leotaud Exclusive information obtained by Reuters reveals that Brazilian pension funds led by Previ are planning to sell 10 per cent to 12.5 per cent of their stakes in iron ore miner Vale SA (NYSE:VALE) through a public offering. According to the news agency, four people with inside knowledge of long-rumored plans to migrate Vale to a dispersed ownership structure confirmed this information. The share sale may be worth up to $2.4 billion if BNDESPar, the investment arm of state development bank BNDES, also sells part of its Vale stake. A joint sale with both the pension funds and BNDESPar would involve between 2.9 per cent and 3.6 per cent of Vale’s total capital. “The pension funds and BNDESPar originally planned the offering for next month, but a major shareholder recently began considering postponing it to next year, due to the risk of election-year volatility … Continue reading

Argo Gold sells Rockstar property in Ontario

By analyst By Valentina Ruiz Leotaud Just a month after selling its South Wawa gold property, Toronto-based Argo Gold (CSE: ARQ) announced that it is selling its Rockstar Gold Property to Manitou Gold (TSXV: MTU). Rockstar is located in Ontario’s Sault Ste. Marie Mining Division, 50 kilometres north-northeast of Wawa, and contains six known gold bearing occurrences. The most significant prospects are the Rockstar Prospect and the Tracanelli Prospect. Assay results from the first prospect have ranged from 1.4 to 61.7 grams gold per tonne, while gold mineralization from Tracanelli has ranged from …read more Source:: Infomine The post Argo Gold sells Rockstar property in Ontario appeared first on Junior Mining Analyst. … Continue reading

Chris Temple from The National Investor – Wed 21 Mar, 2018

By Cory Recapping The Fed Statement And The Market Moves Chris Temple joins me this afternoon to recap the Fed meeting and the general market moves. We focus on the dollar, treasuries, and precious metals. On the back of a rate hike and not much new from Chairman Powell there were so big swings today. Download audio file (2018_03_21-Chris-Temple.mp3) Click here to visit Chris’s site. …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Wed 21 Mar, 2018 appeared first on Junior Mining Analyst. … Continue reading

Cyanide and copper: key ingredients in the origins of life, scientists say

By analyst By Valentina Ruiz Leotaud A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative. In a paper published this week in the journal Chemical Communications, the researchers state that in order to make something like an RNA nucleotide, you need such simple sugars. Taking into account that past work from Sasselov’s group had shown that early Earth would have experienced a range of wavelengths shorter than typical on the planet’s surface today, Todd and her professor set out to test a system under those conditions. In detail, the scientists combined small amounts of cyanide and copper in an airtight quartz container — UV light can penetrate … Continue reading

The Significance of Today’s Rate Hike

By James Rickards This post The Significance of Today’s Rate Hike appeared first on Daily Reckoning. The Federal Reserve, under new chairman Jerome “Jay” Powell, raised the federal funds target rate 25 basis points today. It was Powell’s first significant move as the new chairman of the Federal Reserve. Let me first give my opinion of Jay Powell before weighing on the implications of today’s decision. I worked with Jay Powell when he was at the U.S. Treasury and I was general counsel of a major primary dealer in government securities. The primary dealers act as underwriters at auctions of U.S. Treasury securities, so in effect, Jay was my firm’s biggest customer. My impression of him was that he was highly professional and always acted in the best interests of the Treasury and the taxpayers. He’s smart, has integrity and has had a distinguished career both in public service and … Continue reading

Jerome Powell Strikes!

By Brian Maher This post Jerome Powell Strikes! appeared first on Daily Reckoning. Today the Hon. Jerome H. Powell executed the high and solemn duty of his office… Word came down at 2:00 that he is raising the Fed’s target rate another quarter-point. The new target will ply the range between 1.5% and 1.75% — up 0.25% from its previous range. The Dow Jones popped some 70 points on the news. The news was expected, after all. And markets enjoy having their expectations confirmed. But now for the hour’s question: What next? Markets previously baked three rate hikes into this year’s layer cake. Will Powell mix in a fourth? The answer shortly. As you’ll see, the answer has serious… implications for the market. CNBC: The market has priced in three hikes, but the question is whether Federal Reserve officials will signal a fourth… That could result in a jump in … Continue reading