Craig Hemke from TF Metals Report – Thu 23 Apr, 2020

Gold majors continue to run higher while select juniors are starting to play catch up

Craig Hemke joins me to share his thoughts on the news out of Newmont regarding the 78% increase in dividends. This should attract more big money into the sector. We debate what it’ll take to have that money filter down to the juniors.

Click here to visit Craig’s website and follow along with his metals comments.

In case you missed it there are a couple special webinars in the coming week! Click the links below to sign up and have first access to the live event and the recording. 

Great Bear Resources – Replay from Thursday April 23rd at 11:30am PT – Click here to sign up and watch the replay.

IsoEnergy – Wednesday April 29th at 1pm PT – Click here to sign up

Erik Wettering – The Hedgeless Horseman – Thu 23 Apr, 2020

A great environment for gold stocks breaking out and thoughts on Irving’s drill results

Erik Wetterling joins me today to share his thoughts on the environment pushing gold stocks, especially the miners, into breakout territory. Newmont just increased its dividend by 78% but we are still not seeing a large amount of M&A.

Irving Resources also just released drill results from Omu Sinter. While the results were not outstanding Erik shares what caught his eye and what he is looking forward to for future news. Click here to read over the Irving news.

Click here to visit Erik’s website – The Hedgeless Horseman.

Company Updates From Management – Thu 13 Feb, 2020

Irving Resources – A discussion on the deep hole drill result

On Friday last week, February 7th, Irving Resources released the much anticipated first deep drill hole at the Omui Mine target on the Omu Project in Japan. This hole intercepted a number of high-grade gold and silver veins.

Quinton Hennigh, Director and Technical Advisor to Irving joins me to share some more details on this result. He explains what the results mean for the Company moving forward and outlines the total number of veins intercepted. He also provides some background on how these projects can be mined balancing the silica around the mineralization and any deleterious elements.

If you have any follow up questions please email me at Fleck@kereport.com.

Click here to read over the recent news releases out of Irving.

David Erfle – Gold Market Commentary – Tue 3 Dec, 2019

Major Developments In The PM Markets – M&A picking up, Silver Stocks Leading, and Major Divesting Projects

Dave Erfle joins me today to outline some of the more encouraging signs for the precious metals sector. We have been talking about silver and silver stocks leading the sector, which is continuing, and now we are seeing M&A pickup in the past 2 weeks, plus the junior stocks are starting to get some attention as well.

Click here to visit Dave’s site and learn more about his newsletter focused on metals stocks.

Weekend Show – Sat 30 Nov, 2019

Hour 1 – A Focus on Resource Stocks and Building a Hit List For Tax Loss Selling
Full First Hour

I hope everyone had a very happy Thanksgiving down in the US!

On the first hour I focus on the resource sector. Topics range from metals to energy and thoughts on the two multi-million to billion dollar deals in the resource sector. Please keep in touch by emailing me at Fleck@kereport.com.

Exclusive Company Interviews and Commentary This Week


Segment 1 and 2 – Jesse Felder
Segment 3 – Josef Schachter
Segment 4 – John Kaiser

Newmont Goldcorp to halt Mexico mine due to blockade

Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Peñasquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community.

The Peñasquito mine produced 272,000 ounces of gold in 2018, the company said.

More to come…

The post Newmont Goldcorp to halt Mexico mine due to blockade appeared first on MINING.com.

Company Updates From Management – Thu 25 Apr, 2019

Irving Resources – Updates On The Financing With Newmont Goldcorp and Ongoing Omu Exploration

Irving Resources (CNX:IRV & OTC:IRVRF) has been moving nicely this year and just announced yesterday the closing of a US$6million private placement with Newmont Goldcorp. Quinton Hennigh, Director and Technical Advisor joined me to discuss how this deal came together. While Newmont Goldcorp is interested in the Omu Project there is also a broader strategy to gain a foothold in Japan. We also discuss the exploration that is ongoing at the Omu Project. Click here to read the news releases that includes the photos of core that Quinton and I refer to.

Click here to visit the Irving Resources website for more general information.

Barrick, Newmont joint venture in Nevada clears all hurdles

Newmont Goldcorp (NYSE:NEM)(TSX:NGT) and Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the No. 1 and 2 bullion producers, have cleared all the regulatory conditions to combine their operations in Nevada ahead of schedule.

The U.S. Federal Trade Commission, said the companies, granted an early termination of the waiting period under the Hart-Scott-Rodino Act on April 19.

The new business, yet to be named, will be owned 38.5% by Newmont Goldcorp and 61.5% by Barrick, which will also be the operator of what the partners say it’ll be the world’s largest gold producing complex.

The “historic” business combination (as the duo called it) is expected to generate savings of $500 million a year within the first full five years. It includes Barrick’s Goldstrike, Cortez, Turquoise Ridge, and Goldrush and Newmont’s Carlin, Twin Creeks, Phoenix, Long Canyon, along with associated processing plants and infrastructure of both companies.

Excluded from the joint-venture, for now, are Barrick’s Fourmile project and Newmont’s Fiberline and Mike deposits. It also does not include Newmont’s Cripple Creek & Victor mine.

The agreement follows Newmont’s rejection of Barrick’s $18 billion hostile bid last week, countering with a proposal for a JV with a 55% interest for Barrick.

Newmont’s contra-offer wasn’t immediately welcome by the Toronto-based miner, which wanted a higher percentage and control of the venture.

After exchanging quite a few mutual verbal offences, the chief executives of the long-time rival miners reached a consensus over dinner in New York last month.

Practical measures required to integrate the joint venture assets and establish the new business are now being taken, the partners said, and they are anticipated to be complete within the current quarter.

The post Barrick, Newmont joint venture in Nevada clears all hurdles appeared first on MINING.com.

Case closed: Newmont Goldcorp becomes world’s No. 1 gold miner

Newmont Mining’s $10 billion acquisition of Canada’s Goldcorp closed Thursday, giving birth to Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world’s largest gold producer by market value, output and reserves.

The mammoth company, to be led by Gary Goldberg until the end of the year, will mine in the Americas, Australia and Ghana, producing between 6 and 7 million ounces of gold annually over the next ten years and beyond.

A key reason for the business combination was the synergies and cost-savings the merged company could achieve. Newmont Goldcorp expects to immediately start delivering on an estimated $365 million in expected annual pre-tax synergies, supply chain efficiencies and other improvements. This is expected to include the sale of $1 billion to $1.5 billion of assets over the next two years.

Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed in the S&P 500 Index.

"We've met our goal to become the world's leading gold business, and we'll maintain that position by executing our winning strategy. That strategy focuses on constantly improving safety and efficiency at our current operations while we continue to invest in expansions and exploration to fuel next generation production," said Goldberg, who is retiring by the end of the year.

Former Newmont’s chief operating officer, Tom Palmer, will then take over as CEO of the new company, based in Vancouver, British Columbia.

The company will continue trading on the New York Stock Exchange (NYSE) under the ticker NEM and will begin trading on the Toronto Stock Exchange (TSX) under the ticker NGT. Goldcorp's shares will be delisted from the NYSE before market open on April 18 and from the TSX after market close on April 22.

The assets Newmont Goldcorp is anticipated to put on the chopping block, combined with mines Barrick plans to sell in the wake of its acquisition of Randgold Resources earlier this year, is expected by analysts to fuel further sector deals.

The post Case closed: Newmont Goldcorp becomes world’s No. 1 gold miner appeared first on MINING.com.

Newmont-Goldcorp $10B merger to close this week

Gold giant Newmont Mining’s (NYSE:NEM) $10 billion acquisition of Canada’s Goldcorp (TSX:G) is expected to close this week as the deal has received Investment Canada Act approval.

Last week, almost 98%of Newmont’s shareholders approved the deal, which creates the world’s largest gold producer by market value, output and reserves, and robs Barrick of its recently cemented supremacy. Earlier this month, Goldcorp’s investors also gave the transaction their thumbs up.

Deal creates the world’s largest gold producer by market value, output and reserves.

The combined company, to be called Newmont Goldcorp, will mine in the Americas, Australia and Ghana, producing between 6 and 7 million ounces of gold annually over the next ten years and beyond, the parties said.

It will be initially led by Goldberg, who is retiring by the end of the year. Tom Palmer, the company’s current chief operating officer, will then take over as CEO. Goldcorp's Vancouver office, in turn, will become the designated base for North American operations for Newmont Goldcorp.

As part of the transaction, Newmont has committed to sell between $1 billion and $1.5 billion worth of assets over the next two years. It has also promised initial cost savings of $100 million a year.

The assets Newmont-Goldcorp is expected to put on the chopping block, combined with mines Barrick plans to sell in the wake of its acquisition of Randgold Resources earlier this year, is expected by analysts to fuel further sector deals.

The post Newmont-Goldcorp $10B merger to close this week appeared first on MINING.com.