Golden Arrow Resources is looking to benefit from current positive sentiment in metals, as it recently commenced drilling at the Terra Dorada gold project in Paraguay and at its Rosales Copper project in Chile, but it also optioned the Libanesa silver-gold project in Argentina, and is planning early stage exploration at this and two other projects.
Sampling Rosales Copper project, Chile
After lots of reconnaissance exploration at several of their projects, Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) is ready for the follow-up, and recently commenced drilling at two different projects. These are the Rosales Copper project in Chile, and the Terra Dorada gold project in Paraguay. The company also completed an IP and magnetics surveys, and a mapping/rock sampling program at their Yanso gold project in Argentina.
Furthermore, it finished a trenching program at the Esperanza target, part of the Flecha de Oro gold project in Argentina.
Lastly Golden Arrow Resources very recently signed an option agreement for the Libanesa silver-gold project, also in Argentina, the longtime base for the company, and plans to do reconnaissance exploration on this project soon. These activities and more will be discussed with VP Exploration Brian McEwen in this article.
All pictures are company material, unless stated otherwise.
All currencies are in US Dollars, unless stated otherwise.
After a lackluster summer, the tide for mining seems to be turning, as large scale shortages for many metals cause renewed multi-year high spikes in metal prices, from copper to zinc, from uranium to lithium. These shortages have been caused by a combination of reasons, mostly underinvestment combined by economic recovery after COVID-19, and subjects like inflation. Increasing inflation, caused by extremely dovish policies by central banks around the world, took a while to develop, but now it seems to be there, and one of the benefits of a devaluating US Dollar is higher metal prices, including gold and silver.
It is anticipated that central banks are wary to end their stimulus programs, as the world economy is far from out of the woods yet, and fragile. This dovish environment is interpreted as good for stocks, as interest rates are kept low and money has to produce returns somehow. It seems Golden Arrow Resources is positioned well in this context, as it is exploring precious metals projects, but also a copper project. The two recently commenced drill programs, if successful, should be able to generate much more investor interest compared to the last 2 years:
Share price five-year time frame (Source: tmxmoney.com)
As the share price still seems to be bottoming, with investors waiting for exciting exploration/drill results from multiple projects, and with plenty of cash in the treasury, management viewed this as a good opportunity to announce another buyback of up to 10% of the public float, or 10.13M shares, after they did a similar buyback from March 17, 2020 to March 16, 2021.
During this program, 3,147,076 shares were repurchased. The current program started at September 1, 2021, and will end at August 31, 2022 or earlier. Since September 1, 2021, 1,191,000 shares have been bought back.
As per the last financials (June 2021) the company owns 675,580k shares of(SSRM.TO), this equity being worth C$13.55M at the moment (October 15, 2021, share price C$20.05) as well as C$4M in cash. As such it is clearly fully funded for upcoming exploration programs for at least the next two years.
Keep in mind the current market cap is C$19.78M, which is almost exactly the value of the SSR shares and cash, which is not only extremely rare for explorers, but also hardly assigning any value to the array of various projects.
Let’s have a look at these exploration projects of Golden Arrow Resources.
Rosales Copper project, Chile
Golden Arrow Resources has been busy all year at their Rosales Copper project in Chile with surface exploration, including geophysical surveying. The goal of the recent geophysics program was to detect and delineate prospective electromagnetic conductor responses consistent with near-surface copper stockwork mineralization, potentially related to larger copper systems at depth, and associated with surface anomalies.
As a reminder, the Rosales Copper project includes several targets, with one located on the Margarita Trend, which is a structural trend that continues from the adjacent operating Margarita mine southwest onto the Rosales Project:
Mineralized occurrences were sampled and returned high values from rock chip samples in a target area.
The company completed the first pass of sampling in February, and has completed a Transient Electromagnetic (TEM) surface geophysical survey in June. This survey generated better than expected results, as they identified large areas with near-surface anomalies, starting about 100m depth, which can be seen here:
The anomaly G1, as indicated on the left map, is the highest priority target, based on size, conductivity, and correlation with high-grade copper sampling (up to 4.37% Cu). The second target is G2, as indicated on the right map below. The third G3 target to the north is the smallest target and thus the lowest priority, although all three targets returned significant sampling grades. As the high conductivity seems to be continuing to the south, the company decided to apply for additional concessions to cover the entire anomaly zone.
The company also completed three lines of TEM soundings, crossing the G1 and G2 anomalies, to provide resistivity, displayed in vertical images. These TEM sounding sections reveal one or more upper zones of moderate conductivity above 250m from surface, interpreted to correlate with the conductors detected in the previously reported fixed in-loop TEM surveys.
It was very interesting to see the large and intense conductor at approximately 500m depth and appear to resolve increased conductivity below G1, proximal to a vertical corridor postulated to represent a feeder-structure. The flat-lying and layered appearance of the anomalies, combined with the copper sulphide mineralization observed at surface, are consistent with expectations for copper manto deposits.
The geophysical consultant Miles Rideout was enthusiastic about what he observed from the readings:” The observed TEM responses show broader conductors consistent with manto deposits and strong narrow features consistent with feeder structures. It is easy to recommend drilling based on these very positive results.”
VP Exploration Brian McEwen was excited as well:
“We are very excited by this additional data from TEM soundings, which suggests a stratabound or mantos-style copper deposit model, which is further supported by the mineralization, alteration, and host rocks identified to date at Rosales. This type of high-flat-laying, layered, high-grade (1-2%) copper deposit is common in Chile, with well-known examples including the El Soldado and Mantos Blanco mines. We are very excited to have the drills turning to test our interpretation”.
and didn’t hesitate long on this recommendation, and decided to commence drilling as soon as possible on a 3,000m program, which was announced on September 23, 2021. The first phase of drilling will include approximately 1,400 metres in four holes, to test both the upper and lower conductors and confirm the geophysical interpretation. As can be seen in the sections, 4 trajectories of upcoming drill holes are planned, and as I like big targets, drill hole P2 is the one I’m particularly interested in as it will be directed to hit the large conductor at depth. The subsequent 1,600 metres will be used to test the extent of the anomalies as well as other targets. The program is expected to continue through this quarter, and as the turnaround time for assay labs is about 6-8 weeks now, the first results can be expected somewhere after this timeframe.
Tierra Dorada gold project, Paraguay
Management considers their Tierra Dorada project in Paraguay its second flagship project. As a reminder, highlights of the last drill program completed early this year at their Alvaro target were DHTD18 returning 0.5m @143.5g/t Au from 3m, and DHTD35 returning 3.16m @11.8g/t Au from 1.7m. Golden Arrow initiated a new 2,000m diamond drill program on September 28, 2021, focusing on better defining this target, and drill-test a new target 10km southwest of Alvaro called Itayuru, with one hole. Sampling from the past returned up to 7.04g/t Au, an outcrop returned 3.49g/t Au recently, and assays of a recent, extensive 475 soil sample program are pending.
The program will start with shallow drilling of up to 1,000 metres in 50 holes, as already permitted. All application requirements for the full exploration permit, which allows for deeper drilling, are complete and management is anticipating the granting of that permit imminently. The alternative deep program includes up to 1,536 metres in 12 holes as a first priority, with up to 17 holes or 2,096 metres in total. The company had to wait longer for the full exploration permit than expected due to COVID-19 outbreaks, but fortunately this kind of delays seem to be something of the past now.
Libanesa silver-gold project, Argentina
The company executed a definitive option agreement on October 12, 2021 to acquire a 75% interest in the (now fully) drill-permitted, 14,500ha Libanesa silver-gold project fromin the Santa Cruz province of Argentina, which is a mining friendly province as it hosts many mines and mining projects:
Libanesa is a drill-ready project hosting several diversified geological, geochemical and geophysical supported drill targets. Mineralization at Libanesa is developed as localized hydrothermal and phreatic breccias, sulphide-quartz veining and gossans. Analysis of geological and geophysical results suggests that soil anomalies form two parallel northeast-trending structural belts associated with a series of andesitic dykes. The more pronounced northern belt, which hosts the Cerro Plomo Breccia, is open-ended to the east and west, and produced silver/gold-polymetallic anomalies, developed intermittently over 1.2 kilometers of strike length:
When seeing the small inserted ground magnetics image, I wondered if Golden Arrow is looking to explore the strong magnetic zones to the northwest. VP Ex McEwen answered that target delineation is ongoing throughout the properties.
Based on the work to date, Cerro Plomo is the principal target and is characterized by a mineralized Au/Ag hydrothermal breccia that is exposed at surface, and both chargeability and resistivity geophysical anomalies at depth. Trenching at Libanesa returned results up to 18g/t Au, and 3910g/t Ag:
The geophysical anomalies can be observed in the following section below. One is a 250m long conductive anomaly, potentially representing the continuation of the outcropping breccia, another is 200m long, potentially related to a soil anomaly, indicating a blind breccia body:
Vendor Mirasol already defined 2 drill targets as can be seen in the section above, and Golden Arrow management is looking to refine these targets further. Additional targets within Libanesa include the peripheral polymetallic veins at the Libanesa Main prospect; and, the Lagunita prospect, which has reported rock chip values up to 7.2 g/t gold.
The 75% interest in Libanesa will be earned by Golden Arrow Resources over 6 years by the following terms:
- incurring exploration expenditures totaling $4,000,000
o $500,000 per year during the first 2 years, with a minium of 2,000m of drilling at the end of year 2; and
o $750,000 per year thereafter.
- making cash payments to Mirasol totaling US$1,000,000
o $100,000 to be paid on the 2nd, 3rd and 4th anniversaries;
o S$250,000 on the 5th anniversary; and
o $450,000 on the 6th anniversary.
It is good to see the company only has to spend C$600k per annum during the first two years. The initial US$500,000 in exploration expenditures is a firm commitment. Golden Arrow will be the operator, and after completion of the option, Mirasol and Golden Arrow will hold 25% and 75% in the resulting JV. If an interest is diluted below 10%, it will convert to a 2% net smelter return royalty.
Golden Arrow Resources has concrete plans to start exploration as soon as possible, as it is planning to mobilize an exploration team to Santa Cruz this month. The goal is to complete additional surface work which may include geophysical surveying, with the intent of refining targets as mentioned for a drill program to start in the first quarter of 2022.
Yanso gold project, Argentina
The 100% owned Yanso Gold Project is a gold-copper intrusive-related target with a 300 metre by 90 metre zone of strong alteration coincident with gold and other geochemical anomalies, which is open along strike and untested at depth. It includes 12,480 hectares in five non-contiguous concessions, situated approximately 27 kilometres south of the Gualcamayo mine in San Juan province, Argentina. Previous sampling returned 16m @ 0.6g/t Au, 2m @ 3.46g/t Au and 2m @ 3.15g/t Au.
Golden Arrow Resources announced a new exploration program on July 23, 2021, which includes a 6.6 line-kilometre Induced Polarization (IP) resistivity survey. Gold-copper mineralization at Yanso is associated with pyrite or related oxidized surface minerals, so management believes that this technique will provide an excellent tool to understand the subsurface extents of the mineralized zone based on chargeability.
The survey will cover the known target area and test for extensions to the north and south over a distance of 2.4km, most of which is under recent alluvial cover. In addition, Golden Arrow’s field team will complete a 700-hectare ground magnetics survey, and the field team will initiate a surface reconnaissance program of mapping and rock sampling.
According to VP Ex Brian McEwen, the IP survey is completed along with a portion of the magnetics and the mapping and sampling program.
McEwen expects to announce the compiled and interpreted results later this quarter.
Flecha De Oro gold project, Argentina
The Flecha de Oro project includes the La Esperanza, Puzzle and Maquinchao properties, and the company completed a trenching program at the Puzzle property last December and January, and subsequently at La Esperanza.
The trenching program of Puzzle didn’t return the desired results, so McEwen decided to prioritize Esperanza for ongoing exploration.
This property hosts multiple vein corridors defined by outcropping quartz veins, boulders and quartz float (quartz float are discrete pieces of quartz vein at surface, likely from closer to the source than a boulder).
Since the commencement of trenching at Esperanza on March 1st, 2021, Golden Arrow completed 30 trenches totaling 2,200 metres across surface quartz veins and sheeted veinlets that range from a few centimeters to two metres in width. Assays have been announced for 10 of these trenches, generating results like 1.8m @ 3.19g/t Au, and 5m @2.98g/t Au.
I wondered what the current status of the program was, if new results will be announced soon, and what the next plans for La Esperanza are. McEwen stated that the trenching was completed and that results compilation and interpretation is continuing for La Esperanza. The company is also waiting for permits to start working at the third property in the project area, the Maquinchao tenement which was optioned in June 2020. In the meantime, the field team has been deployed to Yanso and Libanesa.
With 5 projects being drilled, explored or planning exploration soon, Golden Arrow Resources is clearly intensifying its activities after the quiet COVID-19 period, becoming one of the more active juniors I know of. As the company discovered and advanced several meaningful deposits in the past, I’m sure they aren’t satisfied by exploring and killing assets into eternity, but they are focusing on real discoveries.
Their extensive network and expertise in Latin America, their huge treasury, extensive portfolio of projects and turning mining sentiment should be strong fundamentals in order to achieve a successful discovery sooner or later.
In a time of slowly improving gold sentiment, and increasing (base) metal prices due to increasing shortages everywhere, as the world economy is picking up pace after the worst of COVID-19 seems behind us, Golden Arrow Resources is ramping up their exploration activities. Drill programs have recently commenced at their copper project Rosales in Chile, and their other gold project Tierra Dorada in Paraguay. The first results for both projects may come by the end of the quarter.
This is not all, as the company is working on three projects in Argentina, Libanesa, Yanso, and Flecha de Oro. With exploration at five projects underway soon, Golden Arrow has several chances to hit significant mineralization in Latin America, which in the current environment of improving sentiment should be a serious catalyst for a higher share price.
I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter on my website www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.
The Critical Investor is a newsletter and comprehensive junior mining platform, providing analysis, blog and newsfeed and all sorts of information about junior mining. The editor is an avid and critical junior mining stock investor from The Netherlands, with an MSc background in construction/project management. Number cruncher at project economics, looking for high-quality companies, mostly growth/turnaround/catalyst-driven to avoid too much dependence/influence of long-term commodity pricing/market sentiments, and often looking for long-term deep value. Getting burned in the past himself at junior mining investments by following overly positive sources that more often than not avoided to mention (hidden) risks or critical flaws, The Critical Investor learned his lesson well, and goes a few steps further ever since, providing a fresh, more in-depth, and critical vision on things, hence the name.
Disclaimer: The author is not a registered investment advisor, and currently has a long position in this stock. Golden Arrow Resources is a sponsoring company. All facts are to be checked by the reader. For more information go to https://goldenarrowresources.com/ and read the company’s profile and official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.
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3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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 Golden Arrow Resources, a company mentioned in this article.
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( Companies Mentioned: GRG:TSX.V; GARWF:OTCQB; G6A:FSE, )
Karora Resources Strengthens Board with Appointment of New Australian-based Director Shirley In’t Veld
TORONTO, Dec. 6, 2021 – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the appointment…
TORONTO, Dec. 6, 2021 –( ) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the appointment of Shirley In’t Veld to its Board of Directors effective immediately.
Paul Andre Huet, Chairman and CEO of Karora said, “”I am pleased to welcome Shirley In’t Veld to Karora’s Board of Directors. The addition of Shirley’s extensive experience as a senior executive and director in the Australian mining, renewables and energy sectors to our team further strengthens our Board and is a strong endorsement of Karora’s position as a premier gold producer. In particular, her experience as a former Director of Northern Star Resources (an Australian gold producer with World class projects located in Australia and North America), her in depth knowledge of Western Australia, and expertise in ESG matters will be a tremendous addition to our Board. We look forward to benefitting from Shirley’s input as we continue to unlock the full potential of our Australian operations.”
Shirley In’t Veld has over 30 years of career experience in mining, renewables and energy sectors. She is currently a Director of Alumina Limited, NBN Co Limited (National Broadband Network Co.) and APA Group. She was formerly Deputy Chair of CSIRO (Commonwealth Science and Industrial Research Organisation), Director of Northern Star Resources Limited, Perth Airport, DUET Group, Asciano Limited and Alcoa of Australia Limited and a Council Member of the Chamber of Commerce and Industry of Western Australia. She was also the Managing Director of Verve Energy (2007 – 2012) and, previously, served 10 years in senior roles at Alcoa of Australia Limited, WMC Resources Ltd, Bond Corporation and BankWest Perth.
In 2014, Shirley was Chair of the Queensland Government Expert Electricity Panel and a member of the Renewable Energy Target Review Panel for the Australian Department of Prime Minister and Cabinet. She also served as a member of the COAG Energy Council Selection Panel, a Council member of the Australian Institute of Company Directors (Western Australia) and the SMART Infrastructure Facility (University of Wollongong).
About Karora Resources
Karora is focused on doubling gold production to 200,000 ounces by 2024 compared to 2020 and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations (“HGO”) in Western Australia. The Higginsville treatment facility is a low-cost 1.6 Mtpa processing plant, expanding to a planned 2.5 Mtpa by 2024, which is fed at capacity from Karora’s underground Beta Hunt mine and Higginsville mines. At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,900 square kilometers. The Company also owns the high grade Spargos Reward project which is anticipated to begin mining in 2021. Karora has a strong Board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora’s commitment to reducing emissions across its operations. Karora’s common shares trade on the TSX under the symbol KRR and also trade on the OTCQX market under the symbol KRRGF.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains “forward-looking information” including without limitation statements relating to the growth potential of the Beta Hunt Mine, the results of exploration and development work, liquidity and capital resources of Karora, production guidance and the potential of the Beta Hunt Mine, Higginsville Gold Operation, the Aquarius Project and the Spargos Gold Project.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Karora ‘s filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.
Although Karora has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Karora disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Cautionary Statement Regarding the Higginsville Mining Operations
A production decision at the Higginsville gold operations was made by previous operators of the mine, prior to the completion of the acquisition of the Higginsville gold operations by Karora and Karora made a decision to continue production subsequent to the acquisition. This decision by Karora to continue production and, to the knowledge of Karora, the prior production decision were not based on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, which include increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that anticipated production costs will be achieved. Failure to achieve the anticipated production costs would have a material adverse impact on the Corporation’s cash flow and future profitability. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.
Copaur Minerals Looks To Acquire New Placer Dome Gold In An All-Stock Deal
Copaur Minerals Inc. (TSXV: CPAU) announced on Friday evening a binding letter agreement stipulating its planned acquisition of all the
The post Copaur…
( ) announced on Friday evening a binding letter agreement stipulating its planned acquisition of all the issued and outstanding common shares of ( ). The acquisition is expected to be settled in an all-stock deal.
The combination of the British Columbia-focused Copaur Minerals and Arizona-focused New Placer Dome Gold is said to “create a leading gold-copper exploration and development company with a portfolio of assets in two of North America’s foremost mining districts.”
Under the terms of the agreement, each New Placer Dome Gold share held will be exchanged for 0.1182 shares of Copaur Minerals, the ratio being a 55% premium on the 20-day average price of each company as of November 30, 2021.
The firm reported that after the transaction, New Placer Dome Gold will become a wholly-owned subsidiary representing 47% equity in Copaur Minerals and will be delisted from the TSX Venture Exchange. New Placer Dome Gold is also being proposed to get a minimum of two seats on the Copaur Minerals board, subject to the latter’s approval.
Currently, New Placer Dome Gold has approximately 170.4 million shares while Copaur Minerals has roughly 23.0 million shares.
In their latest quarterly financials dated September 30, 2020, Copaur Minerals recorded total assets worth $5.87 million and a net loss of $0.07 million while New Placer Dome Gold reported a total of $14.59 million in assets and a net loss of $0.08 million.
A concurrent financing by the two companies is in the pipeline as a condition to the transaction, with plans to raise gross proceeds of up to $15.0 million. Copaur Minerals will also lend New Placer Dome Gold $0.8 million in debt to fund the latter’s exploration work on the Bolo property. The loan is convertible to company units at $0.08 per unit at the sole discretion of Copaur Minerals.
The proposed transaction is expected to close in March 2022, subject to the approval of the shareholders of New Placer Dome Gold and customary regulatory approvals and closing conditions.
Copaur Minerals last traded at $1.16 while New Placer Dome Gold last traded at $0.085 on the TSX Venture. Trading for both shares has been halted since the announcement of the acquisition.
Information for this briefing was found via Sedar and the companies mentioned. 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 Copaur Minerals Looks To Acquire New Placer Dome Gold In An All-Stock Deal appeared first on the deep dive.
Top Silver Stocks To Watch In December
3 Silver Stocks For Your Watchlist…
3 Silver Stocks For Your Potential Watchlist
In recent times, the market for silver stocks has been fairly interesting to follow. Throughout the last year and a half, the price of silver assets has skyrocketed due to the pandemic. Many silver assets gained more in percentage terms than gold stocks. This drew a large number of new investors to the metal who had previously disregarded it.
The pandemic and market uncertainties have produced a level of volatility that has prompted some investors to reinvest in silver stocks. Silver stocks were also boosted as mainstream media reported that Reddit traders were pushing the metal’s price higher at the start of 2021. This drew a lot more attention to silver equities and, as a result, more investors.
So, why should you buy silver stocks? Silver, like gold, is an asset that people may own rather than money. When a metal is utilized more frequently by industrial enterprises, it tends to perform better. Fears of inflation are also affecting this industry right now, and no one knows what will happen in the end. So, plainly, there is a lot to consider if you are considering investing in silver stocks. Some people make an investment plan to pick which tickers to buy. With this in mind, let’s take a look at three silver stocks to keep an eye on right now.
Top Silver Stocks To Watch
Fortuna Silver Mines is a company that explores, extracts, and processes precious metals. The company is looking for reserves of silver, gold, zinc, and lead. Its main assets include the Cayloma and San Jose mines, as well as the Lindero Gold Project.
The business recorded a record third-quarter 2021 output of 87,950 gold equivalent ounces on October 12th. Its overall gold production in the quarter was 26,235 ounces, with 24,318 ounces in dore and a 1918 ounce gain in gold-in-carbon inventory. It produced 68,088 ounces of gold in the first nine months of 2021. This figure is consistent with the company’s revised annual outlook.
The company stated that “Gold production was 1,529 ounces, an increase of 12 percent over the third quarter of 2020. The increase in production is due to higher head grades located in the Animas NE vein. Gold production for the first nine months of 2021 totaled 4,712 ounces, which is above plan.” Will FSM be on your list of silver stocks to watch?
is a silver firm that we have previously discussed extensively. This corporation acquires, explores, and develops land. Endeavour is working on mineral processing, refining, and reclamation. The majority of Endeavour’s key assets are in both Mexico and Chile. Endeavour’s mines are mostly used to mine silver and gold.
On December 2nd, the company announced that it has intersected high-grade silver-gold mineralization at its Guanacevi and Bolanitos operations. At its Guanacevi operations, it reported 1.97 gpt Au and 1,254 gpt Ag for 1,412 gpt AgEq over a 3.22 m ETW, and 4.36 gpt Au and 1,450 gpt Ag for 1,798 gpt AgEq over a 3.18 m ETW. At Bolanitos, Endeavour reported 8.08 gpt Au and 151 gpt Ag for 797 gpt AgEq over a 1.67 m ETW, and 1.26 gpt gold and 241 gpt silver for 342 gpt AgEq over a 0.96 m ETW.
CEO of Endeavour, Dan Dickson said, “We continue to see exceptional drilling results within the El Curso and the Santa Cruz Sur systems at our Guanacevi silver mine. We have been operating at Guanacevi for more than 15 years and these encouraging results support our view that we can continue to extend the mine life.” Will EXK be on your silver stock watchlist?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining stock that has been mentioned a lot on goldstocks.com in the past. This firm searches for, extracts, and processes gold, silver, copper, and uranium. It presently operates in South Africa and Papua New Guinea, both of which have proven to be profitable for the company.
The company’s earnings and revenues increased year over year in fiscal year 2021, according to the most recent release. This was owing to rising metal prices and the company’s rapid expansion. 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 end of the year.
Best Silver Stocks In 2021?
It’s challenging to decide which silver stocks to buy. There are several factors to consider before investing in mining companies. However, completing an extensive study and selecting what is ideal for you will be quite beneficial throughout the process. Which silver stocks will you be keeping an eye on for the time being?
The post Top Silver Stocks To Watch In December appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.
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