Common Stock Warrants

Source: Streetwise Reports 11/23/2019 The financial results are reviewed in a ROTH Capital Partners report. In a Nov. 6 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) in Q3/19 “beat our estimates on both the top and bottom line, and Macassa and Fosterville continue to drive strong cash flow generation.” Sekelsky relayed that Kirkland Lake, reported in Q3/19, a “strong quarter,” an adjusted net earnings of $0.84 per share on revenue of $381.4 million, which exceeded ROTH’s projection of $0.74 earnings on revenue of $371.2 million. He added that “while the company beat our earnings estimate, we attribute the majority of this to increased capitalization of exploration expenditures.” Costs were roughly consistent with estimates at the Fosterville and Macassa mines, Sekelsky pointed out, but higher than expected at the Holt complex. As such, Kirkland Lake is considering longer term options there. The gold company ended Q3/19 with $615.7 million in cash and no debt. “[We] believe the company’s strong cash balance and currency places Kirkland Lake in a strong position to pursue both organic and inorganic growth opportunities heading into 2020,” commented Sekelsky. The company increased its quarterly dividend by 50% to $0.06 per share. Test processing in progress at the Union Reefs mill indicates Kirkland Lake is advancing its Northern Territory assets. Further, ROTH expects a positive production decision in 2020. Kirkland Lake is expected to release exploration results from Fosterville by year-end 2019, Sekelsky noted. ROTH believes the market has … Continue reading →

Source: Bob Moriarty for Streetwise Reports 11/21/2019 Bob Moriarty of 321gold profiles one of the few pure-play silver companies. When the precious metals bull begins to roar, silver roars along with it. In general, when the metals go down silver goes down more and faster than gold. When precious metals climb, silver climbs faster and goes higher. So if you believe that we are in a metals bull market you may well want to own a good silver stock. That and knowing that silver investors are goofier than a three legged ground hog. They take to silver like a kitten takes to catnip. Aftermath Silver Ltd. (AAG:TSX.V) wants to become the go-to silver company. The young company just raised $2.5 million CAD at $0.08 a share and followed up with a $3 million CAD raise at $0.20 most of which went to Eric Sprott who holds 19.9% of the outstanding shares. Eric likes silver a lot. Each of the private placements came with a half warrant. At the end of the day there will be about 76 million shares issued and outstanding and about 100 million on a fully diluted basis. The $0.08 placement warrants will bring in $1.92 million when exercised. The $0.20 placement will bring in an additional $2 million upon exercise. The company intends to use the money to advance two big silver projects located in Chile. The first project is the Cachinal silver project where Aftermath is buying 80% of the project from Apogee for $1.575 … Continue reading →

Source: Streetwise Reports 11/21/2019 The company’s performance during the quarter is covered in a Haywood report. In a Nov. 1 research note, Haywood analyst Kerry Smith reported that Equinox Gold Corp. (EQX:TSX.V), in its first quarter of commercial production at the Aurizona mine, “delivered a solid Q3/19, beating expectations, and is already generating free cash flow.” Smith highlighted that Equinox’s Q3/19 financials beat expectations. Cash flow per share was US$0.33, above Haywood and consensus’ forecast of US$0.28 and US$0.31, respectively. Earnings per share of US$0.07 was slightly below consensus’ forecast of US$0.075. As for gold production, Equinox yielded 62,656 ounces in Q3/19 from both its Aurizona and Mesquite mines at an average cash cost of US$800 per ounce (US$800/oz) versus Haywood’s projected 65,000 ounces (65 Koz) at an average cash cost of $895/oz. Another achievement during the quarter, Smith pointed out, was commercial production from Aurizona, which began July 1. Subsequently, Aurizona delivered 29,350 ounces in Q3/19 at an average cash cost of US$781/oz. Production was just below Haywood’s 30 Koz estimate; average cash cost was well below its US$910/oz forecast. “The mine exceeded our expectations,” Smith commented. Accordingly, Haywood boosted its 2019 production projection for Aurizona to 75 Koz from 68 Koz. As for Mesquite, it continued to do well, noted Smith, “delivering good cash flow with US$11.7 million in Q3/19.” This resulted from 33,306 ounces of production at an average cash cost of US$819/oz. This result compares to Haywood’s 34.9 Koz and US$945/oz cash cost projections. Haywood models … Continue reading →

Source: Streetwise Reports 11/21/2019 The mine developer extends its sampling program to include two historical shafts. Goldcliff Resource Corp. (GCN:TSX.V) announced in a news release the results from extended sampling at the past producing Lone Star mine at its Nevada Rand project. Two areas were accessed, mapped and sampled. One was the lower levels of the Nevada Rand shaft. Sampling at the 250-foot level, which contains the most stoped areas, showed continuity of silver and gold mineralization with strong grades. “Nevada Rand is ideally positioned for re-rating and upside.” – Michael Ballanger Around the former ore chutes in the southeast extension of the mine, a rock chip sample returned 491 grams per ton (491 g/t) silver and 5.6 g/t gold. A grab sample demonstrated 208 g/t silver and 5.29 g/t gold. The locations of the raises and stopes at the 250-foot level relative to strike and mined areas suggest potential for new mineralization to the southeast, both updip and down dip, the company noted. The second area investigated was the upper levels of the Number 2, or middle, shaft at the Lone Star mine. Drifting on the 135-foot level was sampled, and results are pending. The lack of stoping despite the presence of mineralization suggests the area was not economical to mine back in the early 1900s. However, “this presents an opportunity on the Nevada Rand property to develop this mineralization as it may be of economic interest at today’s metal prices,” the release noted. From mapping and historical reports, … Continue reading →

Source: Bob Moriarty for Streetwise Reports 11/10/2019 Bob Moriarty of 321gold discusses the stock price of this explorer with a major gold resource in the Yukon. White Gold Corp. (WGO:TSX.V; WHGOF:OTCBB) is one of those companies with great partners, Kinross Gold as well as Agnico Eagle, over 1.7 million ounces in a gold resources in one of the best gold camps in Canada but can’t seem to get any respect. At the end of December of last year the shares traded as high as $1.69 but have tumbled lately to a new yearly low of $0.73. I’ve said this before and I’ll keep saying it until everyone gets it. The key to making a profit in investing is to buy when things are cheap and sell when they are dear. White Gold has gone from $0.54 in September of 2018 up to $2 a month later and has dribbled back down. Surely there was a lot of potential to trade those shares at a profit in there somewhere. In spite of the bundles of crisp $100 bills being tossed on a bonfire by the Fed since a Black Swan event in mid-September that no one can seem to figure out what caused, speculators in gold got carried away. The open interest hit a new record high and lately the price dropped a lot as gold is making a perfectly normal correction. Generally we have a low in mid-summer and at the end of the year at Tax Loss Silly Season … Continue reading →