The Gold Report

Source: Streetwise Reports 01/10/2019 Discoveries, 2019 exploration plans and financings fill the agenda for this gold explorer/developer that has the attention of numerous analysts. From new targets at prime locations to major multi-million-dollar financings, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) begins 2019 with many projects in the works. New Target at Iskut In late December 2018, the company announced that summer drilling at its 100%-owned Iskut Project in northwestern British Columbia “encountered the hallmarks of a large copper-gold porphyry system.” The company zeroed in on the Quartz Rise lithocap in 2018. Specifically, it focused on testing for high-grade epithermal precious metal occurrences associated with the uppermost portion of a porphyry mineral system. The drill results indicated that most of the Quartz Rise lithocap had eroded. The company noted that hydrothermal breccia (diatreme) discovered in holes QR-18-14 and 17 confirmed that a porphyry source for the lithocap was nearby. Seabridge Chairman and CEO Rudi Fronk noted, “We acquired Iskut in 2016 because it showed clear evidence of a large porphyry system similar in age and geology to our KSM project 30 kilometers to the east. Our view was that the Iskut porphyry was likely too deep to be our primary target and we therefore focused initially on finding a lithocap-hosted epithermal top of the porphyry system. We have since learned that this target is probably not viable in the Quartz Rise area due to erosion. However, we are very excited to find that this same erosion has given us the opportunity to … Continue reading →

Source: Streetwise Reports 01/10/2019 The developer noted the new results complement previous ones from fine grinding and leaching tests. Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX) announced in a news release that metallurgical testing on two 2.5-ton high-grade samples from the Mt. Todd project confirmed previous findings. Specifically, high-pressure grinding roll crusher testing showed “increased concentration of gold in the fine fraction,” the release noted. Ore sorting revealed that sorting of higher-grade ore results in proportionally less gold being lost in the rejected material. “These tests confirm the value-adding benefit of ore sorting for the Mt. Todd gold project in Australia and demonstrate lower gold losses with higher-grade crusher feed,” President and CEO Frederick Earnest said in the release. “We expect that these results will support additional improvements in the economics of the Mt. Todd gold project.” Those economics are expected in an updated preliminary feasibility study in Q2/19, following completion of additional fine grinding and leaching tests in Q1/19. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her 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. 3) Comments and opinions expressed are … Continue reading →

Source: Streetwise Reports 01/10/2019 A CIBC report reviewed the miner’s recently announced Q4/18 production and cost figures. In a Jan. 4 research note, CIBC analyst Bryce Adams reported that Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) met its revised full-year 2018 production guidance of 295–305 Koz with actual production of 302.6 Koz. Q4/18 production alone, of 93.8 Koz, was consistent with CIBC’s estimate of 93.7 Koz. Specifically, the Los Filos mine outperformed in Q4/18, producing 58.2 Koz versus CIBC’s forecasted 55.3 Koz. Fazenda delivered 19 Koz and Pilar, 11.6 Koz, generally in line with CIBC’s projections. RDM’s production of 4.9 Koz, however, came in lower than the expected 7.4 Koz. Looking forward, Leagold is expected to announce results of a technical study of a possible carbon-in-leach plant for the underground ore at Los Filos. As for costs, Leagold reported the all-in sustaining cost (AISC) for full-year 2018 will be around $979 per ounce. Accordingly, CIBC revised its AISC estimates on the company, to $986 per ounce for full-year 2018 and $1,008 per ounce for Q4/18. Having updated its model to reflect new Q4/18 production and cost figures from Leagold, CIBC now projects for Q4/18 an earnings per share of $0.00 and a cash flow per share of $0.06, both up by $0.05 per share. CIBC has an Outperformer rating and a CA$3.50 per share price target on Leagold, whose current share price is CA$1.92. Read what other experts are saying about: Leagold Mining Corp. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news … Continue reading →