Common Stock Warrants

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 →