Mining managers see opportunities

2021 has been another lousy year for precious metal mining investors. Year-to-date the HUI index of unhedged gold or silver miners has shed about 16%. The yellow metal closed 2020 at $1898/Oz and is in for a modest decline at around 5% over 2021. Precious metal mining CEO's look at the scene from a different angle.

Oban Mining to become Osisko 2.0

Anyone familiar to the gold mining business knows about the acquisition of mid-tier producer Osisko Mining by Agnico Eagle and Yamana Gold. Excess working capital of Osisko was pooled in a new gold streamer named Osisko Royalties.

Pretium Resources: slide justified?

Pretium came with very decent drilling results lately (and was rewarded with a sell off). Last week, I saw some article pointing to PVG dropping below its 200 dma. This may also have triggered some additional selling spree on Friday, September 7.

Silvermex / Genco

Silvermex Resources Inc. is an emerging silver producer focused on building a profitable, sustainable silver mining company. The Company is led by a highly experienced and successful team, comprised of top executives from leading corporations in the silver mining sector.

Silvermex's core asset is the producing La Guitarra silver-gold property located in the Temascaltepec Mining District of Mexico. Our technical team is currently implementing efficiencies and developing plans to ensure continued production growth throughout the district. The Company's other area of focus is the recently consolidated Rosario/San Marcial Mining Camp in south eastern Sinaloa, Mexico. The Rosario/San Marcial mining concession consists of two past producing mines, resources and historic reserves as well as extensive production related infrastructure already in place.

FIRST MAJESTIC IS ACQUIRING SILVERMEX; THERE WILL BE NO FURTHER UPDATES OF THIS BLOGPAGE.

Website : http://www.silvermexresources.com/s/Home.asp

Northern Dynasty Minerals

Website: www.northerndynastyminerals.com/

Resource
Since acquiring the Pebble Project in 2001, Northern Dynasty has delineated and advanced one of the world's greatest stores of mineral wealth.

Located on American soil in southwest Alaska, the Pebble deposit is remarkable for both its size and composition. Current resource estimate includes 5.94 billion tonnes in the measured and indicated category containing 55 billion lb copper, 66.9 million oz gold and 3.3 billion lb molybdenum; and 4.84 billion tonnes in the inferred category, containing 25.6 billion lb copper, 40.4 million oz gold and 2.3 billion lb molybdenum. Quantities of silver, palladium and rhenium also occur in the deposit.

In 2007, a wholly-owned affiliate of Northern Dynasty entered a 50:50 partnership with a wholly-owned subsidiary of Anglo American plc to permit, construct and operate a modern, long-life mine at Pebble. Based on Anglo American's staged investment of $1.425 to $1.5 billion, both companies share equal ownership, board representation and rights in the Alaska-based Pebble Limited Partnership.

On Sept 16, 2013, Anglo American withdrew from the Pebble Limited Partnership (read:
http://web.tmxmoney.com/article.php?newsid=62679764&qm_symbol=NDM) Though this returns 100% ownership to Northern Dynasty, it also implies that Anglo American no longer considers the Pebble deposit to be a viable project or that the company grew wary by the environmental opposition against it.

Ticker: NDM on TSX and NAK on Amex
Daily Finance: Key statistics for NAK.

Formation Metals: Time for reflection

Note: Please observe that you are reading a June 2011 article, which does not reflect the present situation any longer.
Formation Metals quotes on TSX (Symbol FCO - FMETF on AMEX pink sheets -  FCO.TO on Yahoo)
Long time shareholders have had the hard time the company has. After the permitting process took over five years, the Canadian mining company needed looking for cash under more difficult circumstances. About 14 years after the first drillings on the RAM deposit in Idaho, there is finally an outlook for actual production. Mine construction is ongoing but output is not expected within another year. Retrofitting the hydro-metallurgy site near Kellogg has started to enable the cobalt production facility, which will be delivering cobalt with the highest purity.

Seabridge Gold

Seabridge Gold (website) is a gold exploration company. Seabridge Gold’s resource base of gold, copper and silver is one of the world’s largest. The principal projects are located in Canada. Their objective is to grow resource and reserve ownership per share. Their risk-reducing strategy: acquire North American deposits; expand them through exploration; move them to reserves through engineering; and sell or joint venture them to established producers for mine construction and operation. Seabridge gold quotes both on the NYSE in USD (Ticker SA) and on Toronto-TSX in CAD (Ticker SEA.TO)

Novagold

This page contains links to press releases and articles on NOVAGOLD (company website).

Becoming a Pure Gold Play Focused on Donlin Gold

NOVAGOLD offers an unrivaled opportunity for investors seeking leverage to gold. The Donlin Gold project is a uniquely attractive asset which in terms of size, grade, exploration potential, production profile, and jurisdictional safety, is quite possibly the most important project in the world today. NOVAGOLD is well-funded with a cash balance of approximately US$206 million as of August 31, 2013, sufficient to fulfill all of its current financial obligations as well as fund the advancement of Donlin Gold through the permitting process.