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For B.C. Project, Top Pick Gold Company Eyes Integrated Mine Plan Likely to Attract Partner

Source: Streetwise Reports   11/16/2021

"A joint venture partnership would arguably be the single largest and most important derisking event…

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This article was originally published by Streetwise Reports

Source: Streetwise Reports   11/16/2021

“A joint venture partnership would arguably be the single largest and most important derisking event in Seabridge Gold’s history and as such, the upside ahead of a partnering event is potentially massive,” noted a Cantor Fitzgerald report.

In a Nov. 1 research note, Cantor Fitzgerald analyst Mike Kozak reported
that the first set of 2021 drill results from Seabridge Gold Inc.[/SHORT_CODE]’s (SEA:TSX; SA:NYSE.MKT) KSM+Snowfield project returned grades consistent with to higher than the grade of the current resource.

The company undertook the drilling in part to confirm previously modeled grades, particularly those pertaining to the acquired Snowfield project, Kozak explained. Along with placing holes in Snowfield, Seabridge drilled Mitchell. The area targeted in both deposits “will likely comprise the critical early years of open-pit production.”

Kozak reported the highlight results from both deposits.

The grade of the existing Measured and Indicated plus Inferred resource at KSM+Snowfield is 0.74 grams per ton gold equivalent (0.74 g/t Au eq), consisting of gold, silver and copper.

In comparison, the grade returned from the one Snowfield hole reported in this batch of five holes, SF-21-05, was 1.4 grams per ton gold equivalent (1.4 g/t Au eq) in 435m interval. Seabridge drilled this hole from surface.

As for the Mitchell holes, grade highlights included 1.31 g/t Au eq over 445m, from surface, in hole M-21-151. Hole M-21-152 returned 1.25 g/t Au eq over 312m, also from surface.

Kozak addressed what these results mean for the upcoming prefeasibility study for KSM+Snowfield, which Seabridge is working on and aims to release in Q2/22. Given that the synergies between KSM and Snowfield are “exceptional,” the analyst wrote, the Ontario-based mining company is considering a mine plan that integrates both.  

“Snowfield’s higher gold grades and lower copper grades relative to KSM’s current Proven and Probable reserves should blend well with ore from the Mitchell open pit, and we note that the strip ratio of Snowfield is approximately 0.5:1, well below the open-pit components of KSM that average about 2:1,” Kozak noted.

The plan in the works involves mining the lower-risk, at-surface Snowfield deposit first via open pit and then later, tackling the underground KSM block cave component. Cantor estimates that the open-pit operation alone could produce about 1,000,000 ounces per year over the 35 years of estimated mine life.

“This scenario would significantly reduce the capital requirements early in the mine life while preserving optionality on the block cave longer term,” Kozak pointed out.

Also, importantly, the mine plan would be more attractive to potential buyers and/or joint venture partners, added Kozak.

“A joint venture partnership would arguably be the single largest and most important derisking  event in the company’s history and as such, the upside ahead of a partnering event is potentially massive,” wrote Kozak, making Seabridge an “excellent risk-reward trade.”

As such, Seabridge remains one of Cantor Fitzgerald’s Top Picks in the midtier gold space. The financial services firm rates it Buy and gives it a CA$42.50 per share price target. This target indicates a potential 80% return from the current share price of around CA$25.22.

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Disclosures:
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: Seabridge Gold Inc.[/SHORT_CODE] Click here for important disclosures about sponsor fees.  
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Seabridge Gold Inc.[/SHORT_CODE], a company mentioned in this article.

Disclosures from Cantor Fitzgerald, Seabridge Gold Inc.[/SHORT_CODE], Nov. 1, 2021

Potential conflicts of interest
The author of this report is compensated based in part on the overall revenues of Cantor, a portion of which are generated by investment banking activities. Cantor may have had, or seek to have, an investment banking relationship with companies mentioned in this report. Cantor and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. Although Cantor makes every effort possible to avoid conflicts of interest, readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

Analyst certification
The research analyst whose name appears on this report hereby certifies that the opinions and recommendations expressed herein accurately reflect his personal views about the securities, issuers or industries discussed herein.

Required Company-Specific Disclosures (as of date of this publication)
Cantor has provided investment banking services or received investment banking related compensation from Seabridge Gold within the past 12 months.

The analysts responsible for this research report do not have, either directly or indirectly, a long or short position in the shares or options of any of the companies mentioned.
The analysts responsible for this report have visited the material operations of Seabridge Gold. No payment or reimbursement was received for the related travel costs.

( Companies Mentioned: SEA:TSX; SA:NYSE.MKT,
)




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Economics

Bitcoin & Big-Tech Erase Omicron Fears; Bonds, Black Gold, & The Buck Less Sure

Bitcoin & Big-Tech Erase Omicron Fears; Bonds, Black Gold, & The Buck Less Sure

A new monster variant… or "mild, moderate, meh"…

Bitcoin & Big-Tech Erase Omicron Fears; Bonds, Black Gold, & The Buck Less Sure

A new monster variant… or “mild, moderate, meh” – well if you listen to Fauci it is too early to tell (so panic!), if you listen to actual scientists in South Africa its a nothingburger…

The markets were just as uncertain with big-tech stocks and cryptos seemingly reassured while bonds, the dollar, oil, and ‘recovery’ stocks anything but confident that Biden will keep his promise of “no new lockdowns”…

In equity land, Nasdaq saw the biggest gains on the day from the 1300ET early close on Friday. The Dow ended below its cash open level on the day, managing only modest gains as Small Caps went red twice during the day session…

Nasdaq was the only major index to erase all of the Omicron losses (but unable to extend beyond that)…

Rather interestingly, ‘recovery’ stocks did not ‘recover’ relative to the carnage from last week…

Source: Bloomberg

TWTR shares had a wild ride today after spiking in news that Dorsey was leaving and then fading as the new CEO’s history of activism confirmed nothing would change…

Vaccine makers were mixed today despite constant media attention on various pills and jabs and promises (they were all spooked a bit late on by new sthat another Federal judge had blocked Biden’s vax mandate)…

Source: Bloomberg

Bitcoin exploded higher overnight and extended gains during the day on Biden’s ‘no lockdowns’ comments, erasing all the Omicron losses…

Source: Bloomberg

The dollar bounced in the European session but was sold during the US session to end barely higher after Friday’s purge…

Source: Bloomberg

Bond yields were higher on the day but as the US day session started, Treasuries were bid and ended far closer to Friday’s low yields than its highs (the curve steepened on the day 2Y +2bps, 30Y +5bps)…

Source: Bloomberg

Perhaps most notable was the failed rebound in crude oil as WTI bounced up to $73 after one of the biggest daily drops in history on Friday, only to fade fast into the close back to a $68 handle…

Gold managed gains overnight, but after tagging $1800 once again, selling pressure pushed it back down…

Finally, STIRs did not jump on the “all-clear” bandwagon, extending Friday’s dovish retracement implying a later take-off for The Fed…

Source: Bloomberg

So who you gonna believe? Nasdaq momo or oil, short-term rates, bonds, and the dollar? Either way, we know what the solution is…

Tyler Durden
Mon, 11/29/2021 – 16:03






Author: Tyler Durden

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Articles

Top Copper Stocks To Watch Before December

Will these copper stocks increase in market value? Copper stocks are in…
The post Top Copper Stocks To Watch Before December appeared first on Gold Stocks…

Will these copper stocks increase in market value?

Copper stocks are in the mining industry and typically trade in response to the performance of the Global X Copper Miners ETF. Copper firms, in general, are involved in the metal’s exploration, extraction, and production. This metal has risen to become the world’s third most popular. There are several causes for this, but one in particular stands out. EV manufacturing and sales have expanded dramatically in the last five years. Your average car has anywhere from 18 to 49 pounds of copper. In contrast, battery electric vehicles consume approximately 183 pounds of copper each vehicle.

Tesla, the world’s leading electric vehicle manufacturer, delivered almost 500,000 electric vehicles in 2020 alone. This is a rapidly expanding industry, and copper is required for the manufacture of EVs. Because of its conductivity, endurance, and malleability, it is an excellent choice for the batteries used in these vehicles. The metal is found in the motor, inverter, wire, battery, and other components. Most manufacturing electric vehicles have roughly a mile of copper wiring.

If you want to invest in copper stocks, there are a few things you should look for. Recent company news, industry news, and global news all have an impact on the route that enterprises in this area take. When investing in these mining stocks, volume is also a crucial thing to consider. If a company’s volume is larger than usual, this might have a variety of consequences. Copper, while not as valuable as silver or gold, is nevertheless a very useful metal for the economy. Let’s take a look at some copper stocks that have performed well in the market.

Top Copper Stocks To Watch

Newmont Corporation (NYSE: NEM)

Newmont Corporation is a copper stock that we have discussed extensively on goldstocks.com. This is a mining company based in Colorado that has gained a lot of traction in the industry over the last year and a half. The primary focus of the company is the production and exploration of resources such as gold, silver, copper, zinc, and lead. It has property or assets in the United States, Canada, Mexico, Peru, and other countries. The firm had 94.2 million ounces of known and probable gold deposits and 58,900 square kilometers of property by the end of 2020.

Newmont released its third-quarter 2021 results on October 28th. During this time, the firm has focused on its near-term projects and the advancement of Yanacocha Sulfides. The company increased its production guidance to 6 million ounces, reiterating its previous guidance of 1.3 million gold equivalent ounces from copper, silver, lead, and zinc.

The CEO and President of Newmont, Tom Palmer said, “A year ago, we announced our industry-leading dividend framework, establishing a clear pathway for stable and predictable returns. Over the last four quarters, Newmont has steadily reinvested in our operations while returning more than $2 billion dollars to shareholders through dividends and share buybacks, demonstrating our confidence in the long-term value of our business and our ability to maintain financial flexibility.” Noting this recent info, will NEM be on your list of copper stocks to watch?

Harmony Gold Mining Company Limited (NYSE: HMY)

On November 29th, Harmony Gold Mining Company Limited is a copper stock that is up more than 3%. This corporation extracts and processes gold, silver, copper, and uranium after mining them. Harmony’s operations are based in South Africa and Papua New Guinea, both of which have proven to be extremely beneficial to the corporation.

The company’s earnings and revenue increased year over year in fiscal year 2021, according to the most recent release. This occurred as a result of rising metal costs and tremendous corporate success. Given that Harmony hasn’t issued any updates in quite some time, it’ll be interesting to see what they have in store for their investors.

HMY’s stock price often moves in lockstep with the price of gold. As a result, when gold prices rise significantly, HMY stock frequently follows suit. On the other side, when gold falls precipitously, HMY stock frequently falls with it. Things are currently very volatile in the gold stock market. Despite the volatility, HMY is now performing well. HMY’s stock price has risen in the last month. Will HMY stock be on your radar as a result of this in December?

Southern Copper Corporation (NYSE: SCCO)

Southern Copper Corporation is a copper stock that specializes on the exploration, mining, smelting, and refining of copper and other minerals. It operated mines in Peru, Mexico, Ecuador, Argentina, and Chile, among other countries. The company’s primary activities include mining, milling, and processing copper ore. The company holds around 290,000 hectares of land across all of its properties. So, what happened to Southern Copper in 2021?

In June, the business stated that its projects are on track to meet its 2028 production objective of 1.9 million tons. This will enable the company to capitalize on rising copper demand as a result of the global campaign to minimize carbon emissions. The company’s most recent first-quarter earnings report exceeded analyst estimates. A year ago, SCCO stock was trading at $37 per share on average. Will SCCO stock be on your December watchlist based on this latest information?

Best Copper Stocks To Buy?

People on Earth are currently attempting to create a more sustainable and energy-efficient future. As long as the globe attempts to attain this aim, copper’s market demand will climb over time. This metal is utilized to improve the efficiency of several electrical technologies. This versatile metal has shown to be a valuable asset in a wide range of applications, including motors, transformers, batteries, cables, and solar energy systems. So, which companies will you add on your list of copper stocks to watch?

The post Top Copper Stocks To Watch Before December appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.









newmont corporation

Author: Joe Samuel

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Energy & Critical Metals

Appia Announces Average 17.5 wt% TREO over 9.38 Metres with up to 37.9 wt% TREO at Wilson North

Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”,…

Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce partial assays results from its 2021 drilling program at the 100%-owned Alces Lake high-grade rare earth elements (“REE”) and gallium property, Athabasca Basin area, northern Saskatchewan.

ALCES LAKE HIGH-GRADE REE PROJECT

Appia has received assays from diamond drilling core at Wilson North and Richard. Assay results from the Wilson North drill hole confirm the previously announced discovery of massive and semi-massive monazite (see October 13, 2021 news release) with some of the highest recorded rare earth grades discovered to date on the Alces Lake property. Highlights include:

  • 21-WRC-015 hole at Wilson North intersected 9.38 metres of 17.53 wt% TREO from 15.22 m-
    24.60 m, including 2.14 metres of 32.17
    wt% TREO with assays up to 37.92 wt% TREO
  • Results from three drill holes at Richard have yielded 3.33 metres of 7.98wt% TREO (including 1.64 m of 15.26 wt% TREO), 3.49 m of 3.31 wt% TREO and 4.30 m of 3.62 wt% TREO.
  • All four holes assayed high-grade gallium ranging from 0.01 wt% to 0.10 wt% Ga2O3

Wilson-Richard-Charles-Bell (WRCB) Area

To date, a total of 119 drill holes (4,480 m including historic drilling) have been drilled in the WRCB area with at least 8 holes (1,035 m) remaining in 2021. Important drilling will be conducted around the Charles zone as well as a 400m long hole to test the extent of projected mineralization at WRCB.

Previously announced on October 13, 2021, the Wilson North assays confirm the magnitude of this discovery. The Wilson North hole (21-WRC-015) is the most significant intercept to date at WRCB and confirms the potential quality of this area as a significant rare earths accumulation. The 9.38 m of massive and semi-massive monazite is essentially a true-width intercept, found at a down hole depth of 15.22 m-24.60 m and averages 17.53 wt% TREO. This intercept includes an interval of 2.14 m grading 32.17 wt% TREO, with assays up to 37.92 wt% TREO (See Tables 1 and 3 below).

Frederick Kozak, President of Appia notes “The Wilson North discovery was important to confirm the continuity of WRCB REEs and confirms Appia’s geological understanding as this discovery is further delineated. The intercept from 21-WRC-015 is high-grade, but most importantly, its width is far superior to any previous intercept at Alces Lake, which continues to confirm the potential of this discovery area.”

Figure 1- Geological surface map of WRCB area showing drilling progress to date.

intersection of both the Wilson North and Richard zones in 21-WRC-015 yields the potential for the mineralized system to produce multiple parallel stacked zones.

Table 1 – Significant drill hole composite zones from initial 2021 assay results.

Importantly, all four holes contained high-grade gallium consistent with previous assay results, with gallium ranging from 0.01 wt% to 0.10 wt% Ga2O3. High-grade gallium is considered anything greater than
0.010 wt% Ga2O3.

Table 2 – Drill hole details for reported intercepts.

Table 3 – Assay Results for Diamond Drill Holes – Link to full table at end of release

The Company is fully-funded for the 2021 program and all required permits for the exploration activities are in-hand.

With the largest exploration and diamond drilling program in the Company’s history nearing completion in 2021, exploration results will be released as received and analyzed by the Company. Analysis of the summer exploration and drilling program will follow and may lead to the preparation of an NI 43-101 (Technical Report with 3D Geophysical-geological Models) report expected near the end of 2021 or early 2022. The Alces Lake project encompasses some of the highest-grade total and critical* REEs and gallium mineralization in the world, hosted within a number of surface and near surface monazite occurrences that remain open at depth and along strike.

The Alces Lake project is located in northern Saskatchewan, the same provincial jurisdiction that is developing a “first-of-its-kind” rare earth processing facility in Canada (currently under construction by the Saskatchewan Research Council, it is scheduled to become operational in early 2023). The Alces Lake project area is 35,682.2 hectares (88,172.7 acres) in size and is 100% owned by Appia.

* Critical rare earth elements are defined here as those that are in short-supply and high-demand for use in permanent magnets and modern electronic applications such as electric vehicles and wind turbines (i.e: neodymium (Nd), praseodymium (Pr), dysprosium (Dy) and terbium (Tb)).

To ensure safe work conditions are met for the workforce, the Company has developed exploration guidelines that comply with the Saskatchewan Public Health Orders and the Public Health Order Respecting the Northern Saskatchewan Administration District in order to maintain social distancing and help prevent the transmission of COVID-19.

All lithogeochemical assay results were provided by Saskatchewan Research Council’s Geoanalytical Laboratory, an ISO/IEC 17025:2005 (CAN-P-4E) certified laboratory in Saskatoon, SK. All analytical results reported herein have passed internal QA/QC review and compilation.

The technical content in this news release was reviewed and approved by Dr. Irvine R. Annesley, P.Geo, Advisor to Appia’s Board of Directors, and a Qualified Person as defined by National Instrument 43-101.

About Appia

Appia is a Canadian publicly-listed Company in the uranium and rare earth element sectors.  The Company is currently focusing on delineating high-grade critical rare earth elements, gallium and uranium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 83,706 hectares (206,842 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.

Appia has 117.0 million common shares outstanding, 142.4 million shares fully diluted.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Tom Drivas, CEO and Director: (cell) 416-876-3957, (fax) 416-218-9772 or (email) [email protected]

Frederick Kozak, President: (cellular) 403-606-3165 or (email) [email protected]

Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email) [email protected]

 















Author: Staff Writer

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