Connect with us

Articles

Goldshore Resources Inc. Increases Size of Private Placement

Source: Streetwise Reports   11/22/2021

Streetwise recently caught up with Peter Flindell, Vice President of Exploration, to discuss the pending…

Published

on

This article was originally published by Streetwise Reports

Source: Streetwise Reports   11/22/2021

Streetwise recently caught up with Peter Flindell, Vice President of Exploration, to discuss the pending offering and Goldshore’s plans for the funds.

Goldshore Resources Inc. (GSHR:TSX; GSHRF:OTC:F:8X00) recently increased the size of its brokered private placement from $7 million to up to $10 million. The offering is scheduled to close on or about November 23, 2021 and is subject to all necessary regulatory and other approvals, including, but not limited to, the listing of the offered shares on the TSX Venture Exchange.

The offered shares will be subject to a hold period of four months and one day from the closing date in accordance with applicable securities laws.

The company said that funds from the offering will be used for future exploration at its Moss Lake gold deposit in northwestern Ontario, Canada. In October, Goldshore released gold assay results from the first three holes drilled at the site to validate gold mineralization. The three holes represent 2.3% of the planned 100,000 meters of drilling scheduled to be completed by the end of the second quarter of 2022.

“We are finding that Moss Lake is a highly altered and well-mineralized system that is much wider and deeper than previously known,” said Peter Flindell, the company’s Vice President, Exploration.

About Goldshore Resources Inc.

Goldshore Resources Inc., formerly Sierra Madre Developments Inc., is a Vancouver, British Columbia-based mineral exploration company that acquires, explores, and develops mineral properties in North America. It currently is focused on its Moss Lake project, which consists of mining claims, mineral leases, mining licenses of occupation, and patented mining claims in three claim blocks — the Moss Lake deposit, the Osmani deposit, and the Hamlin zone, all of which occur over a mineralized area exceeding 20 kilometers in length in northwestern Ontario.

The property has 1.47 million ounces of indicated gold resources and 2.5 million ounces of inferred historical gold resources. The company is led by a management team with extensive experience in the mining industry, including Brett Richards, President and Chief Executive Officer, Peter Flindell, Vice President of Exploration, and Marlis Yassin, Chief Financial Officer.

View From the C-Suite at Goldshore

With more than 34 years of experience in mining and metals including senior positions at Banro Corp., Roxgold, Avocet Mining plc, Katanga Mining, Kinross Gold, and Co-Steel, Brett Richards joined Goldshore as its CEO in January 2021.

“I got excited when I first looked at the company last year,” he said, “which is why I decided to heavily participate financially. I believe gold is rising to a new trading range of $1,800 to $2,200 an ounce, up from the $1,100 to $1,800 range of the past five to 10 years. There’ll be spikes up and down, of course, but I believe we’ll be in that new range.”

The Moss Lake project, he says, “works at $1,500 to $1,600 gold, and will do exceptionally well if gold goes up. When I invest, I look for size and scale, and Moss Lake ticks both boxes in a big way.”

Currently he says, Goldshore “has $10 million in the bank and soon will have $20 million, which de-risks the project” and will fund additional exploration.

“Our shares currently are trading at one-third of our project valuation and at one-third the level of its peer group, so I see a lot of potential,” Richards said. “In my experience, the best way to serve shareholders is to add value as quickly as possible, which I believe we will do within 24 months.”

“We’ve created a solid vehicle, and when we complete our strategy, we will endeavor to look for an offramp for shareholders,” he concluded.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Evan Cooper compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor/employee. He/she or members of his/her household own securities of the following companies mentioned in the article: None. He/she or members of his/her household are paid by the following companies mentioned in this article: None. His/her company has a financial relationship with the following companies referred to in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldshore Resources Inc. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) 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.
4) 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 Goldshore Resources Inc., a company mentioned in this article.

 

( Companies Mentioned: GSHR:TSX; GSHRF:OTC:F:8X00,
)




Author: Author

Articles

7 Stocks to Buy to Hedge Against Rising Oil Prices

Following the initial intrusion of the novel coronavirus pandemic and its resultant mitigation measures, most people looked forward to the time when the…

Following the initial intrusion of the novel coronavirus pandemic and its resultant mitigation measures, most people looked forward to the time when the crisis would become a chapter in a history book. While the SARS-CoV-2 virus remains a stubborn uninvited houseguest, it seems the worst of it is behind us. But that has created its own consequences, necessitating a deeper look at specific stocks to buy.

Primarily, as the vaccination rollout inspired a gradual relaxing of Covid-19 protocols, people stormed out of the home as retail revenge, or the desire to make up for lost time through aggressive purchases, took hold. Unfortunately, this also created a demand bottleneck as the sudden surge in consumer activity met an energy supply chain that was unable to address everyone’s needs. Thus, inflation-resistant stocks to buy soared in the process.

Even worse for those hoping for prices to cool down, it’s not entirely clear when underlying circumstances will normalize. For instance, facing incredible economic pressure and a low job approval rating, the Biden administration and five other nations recently “announced a coordinated effort to tap into their national oil stockpiles.” Hopefully, the measure will provide some relief. Or you can hedge energy costs with certain stocks to buy.

Honestly, it might be a conducive idea to consider a direct approach rather than to depend on government intervention to control rising oil prices. For one thing, tapping into the national stockpile is largely a one-off event. If broader pressures continue to mount, we don’t want to exhaust the reserves since they also carry foreign policy and national security implications. Therefore, hedging strategies with stocks to buy sounds more appealing.

Also, increased energy costs represent a global challenge. Indeed, what may be a positive action for one set of nations could be a detriment to another set. Further, Covid-19 spikes could create sharp ebbs and flows of demand and supply, posing more pricing issues. Again, investors may be better off actively hedging against the wild energy market with these stocks to buy.

  • Murphy USA (NYSE:MUSA)
  • Transocean (NYSE:RIG)
  • Franco-Nevada Corp (NYSE:FNV)
  • Peabody Energy (NYSE:BTU)
  • Southern Copper (NYSE:SCCO)
  • Archer Daniels Midland (NYSE:ADM)
  • Robinhood Markets (NASDAQ:HOOD)

Finally, another factor to consider is the winter season. Experts predict an unusually cold winter, not just in the U.S. but also in Europe. That could spike up demand for heating oil, which may impact the energy market broadly. Once again, hedging with stocks to buy seems an appropriate idea.

Stocks to Buy: Murphy USA (MUSA)

Murphy USA gas station and convenience store located on an out parcel of a Walmart SupercenterSource: Lawrence Glass / Shutterstock.com

Some stocks to buy like Murphy USA don’t require a convoluted thesis to appreciate. Instead, shares have soared under the simple axiom, if you can’t beat ‘em, join ‘em. With so many drivers feeling the pinch whenever they pull up to the gasoline station, the initial temptation is to rage at how the operators are gouging the public.

Once cooled off, however, buying shares of publicly traded retail gas stations seems an awfully enticing idea. Sure enough, MUSA stock has been one of the stronger performers, gaining over 44% on a year-to-date basis heading into the final session before Thanksgiving.

Admittedly, as I’ve mentioned in prior InvestorPlace articles, I’m not the biggest fan of buying into robust strength. Over the last six months, MUSA gained 36.5%, which is an unusually strong performance for the equity unit. Then again, it’s an unprecedented time in the world.

As well, I’m hesitant about declaring that oil prices will fall. People said that about used cars but their pricing has been incredibly resilient. Therefore, it might make sense to consider MUSA as one of your hedging stocks to buy.

Transocean (RIG)

oil rigs on water, representing high-risk stocks like RIGSource: Shutterstock.com

To say that Transocean has seen better days would be an almost criminal understatement. Prior to the 2008 financial meltdown and the ensuing Great Recession, shares of the offshore driller — one of the world’s largest — commanded a very healthy three-digit price tag. Today, RIG trades hands in single-digit territory and a low one at that.

Nevertheless, on a percentage basis, Transocean has represented one of the best stocks to buy over the trailing year, where RIG has gained over 60%. On a YTD basis, the performance is still quite respectable at nearly 41% up.

To be fair, at a price tag of a few cents over $3, RIG is speculative. Frankly, in any other circumstance, I probably wouldn’t mention the company (nor the underlying industry for the matter). However, times have changed and Transocean could benefit from favorable currents.

True, the trailing-12-month (TTM) revenue performance leaves much to be desired. However, an influx of issues ranging from colder weather to critical commodity crunches in various parts of the globe may help drive up oil prices, making RIG one of the speculative stocks to buy.

Stocks to Buy: Franco-Nevada Corp (FNV)

precious metals stocks Close up lump of gold mine on wooden tableSource: Shutterstock

While mining firms exposed to precious metals may be an obvious play to combat energy price inflation, that doesn’t necessarily condemn the idea to ineffectiveness. Look, we’re in a market environment where retail investors flooded into cryptocurrencies to hedge against the devaluation of the dollar. Frankly, precious commodities — you know, the stuff you can hold in your hands — present a more palatable investment thesis regarding inflation protection.

While you could put your money into physical bullion, for those that want to stay in the equities market, you can instead look at companies like Franco-Nevada Corp. What I like about FNV is that it’s a diversified royalty and streaming firm. In a nutshell, the corporation provides funding to metals producers and in return, get a cut of the proceeds, either through a percentage of revenue (royalty) or actual metals (streaming).

In this manner, FNV is less exposed to the wildness and vagaries of the precious metal mining business. As well, the company’s cash flow is more predictable since the royalty or streaming terms are spelled out ahead of time.

If you’re for a solid mixture of profitability and stability in your inflation-hedging stocks to buy, FNV fits the bill.

Peabody Energy (BTU)

A man holds coal in his hands over a pile of more coalSource: Shutterstock

Easily the riskiest company on this list of stocks to buy, there’s a chance that Peabody Energy could drop lower. So, I’m going to need you to do yourself a favor. Only invest a small portion of your speculation funds in BTU.

But then, why am I mentioning Peabody, which is the largest private-sector coal company in the world? After all, coal is a rather anachronistic commodity in light of various energy sources that we use today. Also, former President Trump attempted to make coal great again. I’m going to give credit to the man, he’s incredibly charismatic. But even his dynamic personality couldn’t breathe life into the coal market.

Well, it turns out that coal is a catalyst for rising oil prices throughout the world. According to the Wall Street Journal, a coal shortage that imposed an energy crisis in China is “rippling beyond its borders, threatening to disrupt supply chains and farming in countries that rely on its exports of a chemical used in fertilizer and diesel exhaust systems.”

Additionally, the shortage is also driving up demand for hydrocarbons, particularly with the anticipated winter freeze. Thus, BTU could see another leg higher.

Stocks to Buy: Southern Copper (SCCO)

Piece of copper set against black backgroundSource: Coldmoon Photoproject/Shutterstock.com

Since prices of almost anything of value are going up, Southern Copper — a mining firm that specializes in the namesake commodity — represents one of the most viable stocks to buy under the present inflationary environment. In fact, several areas across the U.S. have reported thieves stealing copper, causing great inconveniences to their associated communities.

While it’s not the most encouraging thought, copper vandalism will probably increase over the years. That’s because the metal is an important component of advanced technologies, such as electric vehicles. Further, the wind and solar energy industries account for about 60% of copper demand. Since modern society is in no hurry to reverse the sustainability trend, the price of copper seems to have an inevitable direction — up.

Also, should lofty gasoline prices become a permanent fixture, consumers will likely purchase more EVs. In turn, that would drive up copper demand, along with other critical materials. Thus, on a longer-term basis, SCCO is one of the best stocks to buy if you can’t stand the pain at the pump.

Archer Daniels Midland (ADM)

Archer-Daniels-Midland (ADM) logo on sign at office campusSource: Katherine Welles / Shutterstock.com

As a food-processing company, Archer Daniels Midland arguably offers a case for stocks to buy whether you’re talking about an inflationary environment or a deflationary one. Although humankind has developed incredible technologies (especially in recent years), we still need the basics. Therefore, ADM has a permanent relevance that relatively few companies can touch.

It’s not just pretty words either. In the first three quarters of this year, Archer Daniels Midland has already generated $62.2 billion in revenue. This tally puts it only 3.4% below that of the full year’s sales result for 2020. It also means that ADM only needs a very modest performance in the fourth quarter to produce a blistering performance compared to what we’ve seen over the past 6 years.

Better yet, Archer Daniels is aligning its business with contemporary consumer trends. For instance, plant-based meat has become very popular, especially during the food supply chain crisis of 2020. Moreover, the Covid-19 pandemic exposed the cruel treatment of animals raised for protein. This might convince more people to take the plant-based plunge, which should bolster ADM stock.

Stocks to Buy: Robinhood Markets (HOOD)

A magnifying glass zooms in on the website for Robinhood (HOOD).Source: dennizn / Shutterstock.com

This is going to be a strange idea so bear with me for a second. Back when the pandemic first sent worker bees to their living rooms, millions of Americans found themselves with extra time on their hands. Rather than sitting in a car stuck in traffic, quite a few turned their hand to the equities market, forcing the WSJ to opine that everyone’s a day trader now.

Since the great pivot to the investment sector, many people received a real-world education about high finance. Out of nowhere, people are paying significant attention to the market, consulting with others on social media about which stocks to buy to hedge against the latest threat, this time being inflation.

Obviously, the platform undergirding Robinhood Markets has dominated the news cycle for its gamified interface and legions of young traders. Thus, in a way, Robinhood may be the best place to park your money if you fear a loss of purchasing power.

That’s because a large demographic will facilitate their hedging activities via the online broker. By having equity in HOOD, you’re not betting on the outcome but rather selling tickets to the game.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.

More From InvestorPlace

The post 7 Stocks to Buy to Hedge Against Rising Oil Prices appeared first on InvestorPlace.



Author: Josh Enomoto

Continue Reading

Economics

Hot Gold Stocks To Add To Your Watchlist In December 2021

Trading gold stocks next month? Check these three out Recently, gold stocks…
The post Hot Gold Stocks To Add To Your Watchlist In December 2021 appeared…

Trading gold stocks next month? Check these three out

Recently, gold stocks have been some of the most fascinating assets to keep an eye on in the market. Fears of inflation and an increase in pandemic infections as a result of new virus variants have caused a lot of volatility in gold. The new Omicron variant of the virus has created a new level of volatility as not many know about its attributes yet. Because of the unique position that gold plays in the economy, no matter what sort of trader you are, there are always several possibilities to earn in the gold market.

Gold, being one of the oldest forms of currency, has cemented its position in the financial world. As a result, the gold market attracts a wide range of investors. There are several methods to invest in gold, including actual gold, options, futures, and stocks. Today, though, we will just look at gold stocks.

In the past, you’ve seen how news may affect the price of gold stocks. This was especially true in 2020, a year with more news than ever before. Mining resources increased to unprecedented levels as a result of the epidemic. For example, the price of gold surpassed $2,000, setting a new high for the precious metal. Keeping up with global news, corporate news, and industry news may all be beneficial when investing in gold stocks.

Top Gold Stocks To Watch

Harmony Gold Mining Company Limited (NYSE: HMY)

On November 29th, Harmony Gold Mining Company Limited had a 4.66 percent boost in its stock price. In South Africa and Papua New Guinea, this company looks for, extracts, and processes gold. The company also looks for silver, copper, and uranium in addition to gold. In South Africa, Harmony operates nine subsurface operations and many surface treatment activities.

Continue Reading:

The company’s earnings and revenues increased year over year in fiscal year 2021. This occurred as a result of rising metal costs and the company’s rapid growth. 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 shareholders before the year is through.

HMY’s stock price moves up and down in tandem with the price of gold. As a result, when gold prices rise sharply, HMY stock often follows suit. When gold, on the other hand, falls sharply, the HMY stock normally falls with it. Harmony is, of course, influenced by its own performance. Higher volumes are common when the firm provides quarterly results and mine updates. Noting this info, will HMY be on your list of gold stocks to watch in December?

Royal Gold Inc. (NASDAQ: RGLD)

Royal Gold Inc. is a gold stock based on royalties and metal streams that it purchases and administers. This is done for stream or royalty interests by the corporation. Gold, silver, copper, zinc, nickel, lead, and cobalt are Royal Gold’s target minerals. Currently, the corporation operates 189 sites across five continents. Royal Gold manages 41 mines and 17 projects in various stages of development.

On November 16th, the company announced its 21st consecutive annual increase in its common stock dividend to $1.40 per share for 2022. This was in total a 17% increase over 2021’s dividend. 2021’s dividend price was at $1.20 per share. The first quarterly dividend at this increased rate is payable on January 21st, 2022, to shareholders on record as of January 7th, 2020 at the close.

The CEO and President of the company, Bill Heissenbuttel said, “Paying a growing and sustainable dividend is a core strategic objective for Royal Gold. Recent record revenue from strong portfolio performance combined with further revenue growth from our newest producing assets give us confidence in the outlook for our business.” The company has paid $680 million in dividends since 2000. Noting this new update, will RGLD make your gold stock watchlist?

Hecla Mining Company (NYSE: HL)

Hecla Mining Corp. buys, finds, develops, and manufactures precious and base metal assets. It sells raw gold and silver bullion bars, as well as lead, zinc, and bulk concentrates. The corporation holds a 100 percent stake in the Greens Creek, Lucky Friday, Casa Berardi, and San Sebastian mines. It also has a stake in a number of other assets throughout North America.

On November 4th, released its third-quarter 2021 results. Hecla reported $193.6 million in revenue this quarter, which was the same as the previous quarter. It also earned $42.7 million in cash from operating activities and $26.9 million in asset additions. Hecla announced a quarterly exploration spend of $13.7 million, a record.

President and CEO of Hecla, Phillips S. Baker Jr. said, “This operational performance allowed us to enhance our silver-linked dividend for the second time this year and return about 20% of our free cash flow to shareholders while having our largest exploration program in the company’s history.” HL stock is up 0.36% on November 29th. Noting this info, will HL stock be on your watchlist as we move into December?

Best Gold Stocks For Your Watchlist?

Choosing which mining stocks and gold assets to invest in might be difficult. Developing an investing strategy is an effective way to mitigate some of the risks. When investing, keeping up with the latest news, whether it’s company-specific, global, or sector-specific, is quite useful. Examining charts, volume, and other statistics might be useful as well. So, which gold mining stocks will you be watching before the end of 2021?

The post Hot Gold Stocks To Add To Your Watchlist In December 2021 appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.








Author: Jon Phillip

Continue Reading

Precious Metals

Discovery Silver Reports NPV Of US$1.2 Billion For Cordero

Discovery Silver (TSXV: DSV) this morning reported a preliminary economic assessment for its Cordero Silver Project, which is found in
The post Discovery…

Discovery Silver (TSXV: DSV) this morning reported a preliminary economic assessment for its Cordero Silver Project, which is found in the Chihuahua State of Mexico. The project is said to have an after-tax net present value of US$1.2 billion.

The projected NPV is based on a 5% discount, with a bae case of $22.00 per ounce silver, and $1,600 per ounce gold. The IRR of the project is estimated at 38% based on the base case scenario. That NPV is expected to climb to $1.9 billion if silver were to climb to $27.50, and gold to $1,880, representing an IRR of 55%.

The projections are based on a large scale mine, with a mine life of 16 years. Annual production is slated for 26 million ounces of silver equivalent, with an AISC of $12.35 per ounce of silver equivalent. Payback meanwhile is estimated at 2.0 years for the base case, with initial CAPEX of $368 million.

Mine life has the potential to be expanded as well, with over 300 Mt of sulphide resources not included in the design pit, but are found within the resource pit shell. The project has a whole currently has a sulphide resource of 837 million ounces of silver equivalent on a measured and indicated basis at an average grade of 46 g/t, as well as an inferred resource of 119 million ounces of silver equivalent at 34 g/t.

An additional oxide resource of 74 million ounces of silver equivalent at 23 g/t on a measured and indicated basis, as well as 22 million ounces at a grade of 18 g/t on an inferred basis exists for the property.

A prefeasibility study is slated to be completed on the project in 2022, with the company viewing the project as a Tier 1 silver asset.

Discovery Silver last traded at $1.81 on the TSX Venture.


Information for this briefing was found via Sedar and Discovery Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Discovery Silver Reports NPV Of US$1.2 Billion For Cordero appeared first on the deep dive.






Author: Jay Lutz

Continue Reading

Trending