Common Stock Warrants

Source: Streetwise Reports 04/13/2019 This company’s record gold production in Q1/19 and its impact on guidance along with expected catalysts were discussed in this ROTH Capital Partners report. In an April 9 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) “continues to fire on all cylinders,” as it produced a record amount of gold in Q1/19. The analyst noted the miner’s Q4/19 production was strong and reviewed the numbers. Total production was 231,879 ounces of gold (oz), which was in line with ROTH’s estimates. The Fosterville mine, which produced 128,445 oz and the Macassa mine, which produced 72,776 oz, outperformed in Q1/19, contributing to the record production overall. In contrast, Fosterville, which produced 128,445 ounces of gold, underperformed relative to ROTH’s forecast, due to mine sequencing. However, “we expect production at Fosterville to increase gradually throughout the year as development work is completed at the high-grade Swan zone,” Sekelsky commented. Production at each of the rest of Kirkland Lake’s mines was generally in line—17,225 oz at Holt, 12,377 oz at Taylor and 1,056 oz at Holloway, Sekelsky noted. With a solid Q1/19 behind it, Sekelsky indicated, Kirkland Lake is “well positioned” to meet full-year 2019 production guidance of 920,000 ounces to 1 million ounces of gold. ROTH projects the company will reach 935,076 gold oz of production during the year, but if more material from Fosterville’s high-grade Swan zone is “brought into the mine plan in H2/19,” this estimate could prove conservative, … Continue reading →

Source: Streetwise Reports 04/06/2019 The company’s main focus currently is a joint venture project in Mexico’s Fresnillo Trend, where both development and exploration are ongoing. MAG Silver Corp. (MAG:TSX; MAG:NYSE.MKT) provided its full-year 2018 financial result and an operations update in a news release. As for its Juanicipio project, a joint venture with Fresnillo Plc (FRES:LSE), on site, underground and other development are progressing, and more than 18.5 kilometers of underground work are now finished. As of Dec. 31, 2018, contracts totaling $23.1 million with suppliers of processing equipment suppliers and totaling $69.5 million with development contractors have been secured. Other construction and operating agreements are being finalized. Commercial production is expected to commence at Juanicipio in H2/20. The exploration program continues at Juanicipio with five drill rigs on site with another underground rig expected shortly. Two Devico directional drills are at work on the Valdecañas vein. Three conventional rigs are turning in other places, one on the Venadas vein, the second on a prospective target and the third underground. “The Juanicipio joint venture property continues to be the gift that keeps on giving,” President and CEO George Paspalas said in the release. “Discovering two new mineralized veins readily accessible from the underground workings we have been developing over the last 5 years, once again demonstrates Juanicipio’s exceptional mineral endowment. We are pleased with the progress we are making with our JV partner Fresnillo, finalizing construction and operating agreements, and look forward to commencing the process plant construction in the … Continue reading →

Source: Adrian Day for Streetwise Reports 04/06/2019 Money manager Adrian Day discusses a company that he believes offers a great buying opportunity. Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE, US$3.42–3.43) is a quality silver mining company, currently developing a gold mine in Argentina, which will almost double its production. A couple of recent stumbles—though modest by miner’s standards—and market concerns have given us a great opportunity to buy this solid company at a great price. Fortuna currently is currently producing from two mines: Caylloma, a 500-year old, silver, zinc, lead underground vein mine in Peru; and San Jose, one of the top 12 primary silver mines in the world, in Oaxaca State. Fortuna has been a solid operator, with “all-in sustaining costs” (AISC) comfortably below $10/ounce. The company is currently developing the Lindero project in Salta Province, Argentina, a gold mine that will almost double its production but maintain the same high-margin profile. Lindero will have a 15-year mine life, with high grades in the early years for a quick pay back. The first year of commercial production is expected to produce between 145,000 and 160,000 ounces. In addition, Fortuna is exploring, in joint venture, silver properties in Mexico and a gold property in Serbia. Two stumbles hit stock price Recently, Fortuna announced an increase in the anticipated capital required to bring on Lindero, and a delay in the production start date by a quarter. The market reacted badly, given many other projects have seen repeated cost overruns and … Continue reading →