麦格纳黄金 （Magna Gold）（) (OTCQB: MGLQF）是一家已经在墨西哥蓬勃发展的黄金行业取得成功的初级矿业公司。该公司的目标是成为其下一个主要贵金属生产商，拥有遍布矿产丰富的索诺拉州和奇瓦瓦州的多种金银资产。
公司的头等项目是过去有过生产的 San Francisco 矿，并于去年重新开工，正在迅速提高产量。
San Francisco 最新数据显示六月的黄金产量为5398盎司，创下迄今为止的最高纪录。这使其2021年第二季度的产量达到11713盎司，比上一季度高出20%。
在过去的一年中，San Francisco 的黄金产量总计21498盎司，使麦格纳有望实现其55,000至65,000盎司的全年目标。
总裁兼首席执行官 Arturo Bonillas 在7月14日的新闻稿中表示：“第二季度末标志着麦格纳黄金团队的一个重要里程碑。我们如期实现了商业化生产，并在六月份实现了最高的生产总量。我们每天都在看到生产量的增加，预计年底每月生产约7500盎司黄金。”
随着 San Francisco 继续向前迈进，它极有可能成为墨西哥下一个主要的黄金生产地。
San Francisco 金矿简介
这座占地47395公顷的土地位于墨西哥索诺拉州首府埃莫西约以北150公里处，位于莫哈韦-索诺拉 (Mojave-Sonora) 大剪切带的一部分，其特征是存在前寒武纪至第三纪时期的岩石。
上述所有岩石构成了所谓的 San Francisco 单元，也最重要的勘探单元，其中白纹花岗岩尤为重要，特别是因为它是金矿成矿的主要宿主岩。
对孤立露头的测绘及其地质解释表明，San Francisco 单元在该项目内范围广泛，覆盖面积约为100平方公里。
除已知的 San Francisco 和 La Chicharra 金矿外，该地区至少有15个金矿被认为是有利的勘探目标。
San Francisco 项目括两个先前开采的露天矿坑（San Francisco 与 Chicharra）和相关的堆浸设施（如下图）。
该矿曾于1995年至2000年由 Geomaque 运营。在此期间，通过堆浸处理了约1350万吨品位为1.13 克/吨金的矿石，回收了约30万盎司黄金。整个矿山寿命内的平均黄金回收率约为63%。
2005年，Timmins Gold（现为Alio Gold）收购了矿山和加工设备，并于2010年开始商业运营。从那时起，该矿已加工了120多万盎司（平均每年超过10万盎司），成为墨西哥近代史上最成功的矿山之一。
为了将 San Francisco 重新打造为一个高盈利的矿山，麦格纳于2020年3月同意以近20%的股本收购该项目；此举表明该公司对这个以前生产黄金资产的坚定信心。
“我们有一个简单的商业模式；它从有机增长开始。我们只收购前几年管理不善或被遗忘的近期生产项目，”麦格纳总裁兼首席执行官阿图罗·博尼利亚斯 (Arturo Bonillas) 在 2020年的一次采访中表示，并补充说 San Francisco 矿与此次运营“非常匹配”模型。
去年9月，该公司发布了 San Francisco 项目的最新预可行性研究 (PFS)，显示已探明和可能的总储量为4760万吨，品位为0.495克/吨金，相当于758,000盎司的含金量。
San Francisco 于2020年6月从露天矿开始重新生产黄金，并在当年9月从地下部分开始双面生产。
重新开始采矿活动大约一年后，麦格纳于2021年6月宣布 San Francisco 矿已按计划于6月1日实现全面商业生产，使公司有望实现2021年的55,000至65,000盎司的生产目标。
首席执行官 Bonillas 在6月29日的新闻发布会上表示：“在如此短的时间内实现全面商业化生产，证明了我们墨西哥运营团队以及作为一家公司的辛勤工作和质量。生产数量逐月呈上升趋势，我们预计今年每月将生产7500盎司。”
在产能充足的情况下，San Francisco 每年可以生产9万盎司黄金。基于1700美元/盎司的最低黄金价格和1800美元/盎司的最高价格，该矿每年可带来1亿5300万至1亿6200万美元的收益。
随着麦格纳在索诺拉的 San Francisco 金矿产量继续增加，公司将进一步推进其他几项极具潜力的资产。
下一个勘探重点地区是奇瓦瓦州，包括了其新收购的 Margarita 银矿项目。该项目是一个低-中硫化物浅成低温热液银-铅-锌系统，可追溯到墨西哥的许多生产银矿。
Margarita 位于 Sunshine Silver 的 Los Gatos 矿区（>1亿盎司）西北约15公里处。
麦格纳计划在该项目完成10000米的钻探，以便在 Margarita 矿脉系统进行深度扩展勘探，并沿走向填充资源定义。其目的是将当前推断的地质资源转换和扩展为更高的类别。
此外，公司还计划在 Mina del Oro 目标上进行1500米的钻探，以确定初始金银资源。
San Francisco 的生产重启只是墨西哥另一个成功故事的开始；麦格纳还有许多其他贵金属项目需要解锁，例如刚刚收购的 Margarita 项目。
仅查看其 San Francisco 矿山的净现值 (NPV)，以5%的折现率和1,950美元/盎司的黄金价格计算，我们可以看出这家公司基本处于“被低估”的状态。
麦格纳与许多其他矿业公司相比的一个关键优势是它不想（或不需要）依靠股票市场来保持公司的增长；San Francisco 矿山已为公司提供了稳定的现金流。而这也为麦格纳提供了多种选择，无论是勘探工作、更多收购，还是扩大现有的矿产储备基础。
股票代码： , OTCQB:MGLQF
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Pampa Metals’ surface geological work at Block 4 property leads to intense porphyry-related quartz-vein stockwork zone
Pampa Metals Corp. (CSE: PM) (FSE: FIRA) (OTCQX: PMMCF) continues to make significant progress in its quest to find greenfield porphyry discoveries…
Pampa Metals Corp. () (FSE: FIRA) (OTCQX: PMMCF) continues to make significant progress in its quest to find greenfield porphyry discoveries along the mineral-rich belts of Chile’s Atacama region.
This week, the junior miner provided an update regarding its Block 4 project, where the company recently completed detailed surface geological reconnaissance together with a ground magnetic geophysical survey of the 4,200-hectare project area.
Block 4 Project Overview
Pampa Metals’ Block 4 project is located along the Cordillera de Domeyko porphyry copper belt in northern Chile, which is host to some of the world’s largest copper deposits and mines.
The property is located along a highly prolific segment of this Andean mineral belt, centered along trend some 110 km south of the giant La Escondida – Zaldivar copper mining district and 115 km north-northeast of the El Salvador copper mine (see map below).
Significant portions of the Block 4 project area are characterized by post-mineral Miocene to recent alluvial and volcanic cover, particularly to the north and east within the property boundary, where the underlying geology is obscured.
Elevated sierras around the western and southern margins of the property expose basement rocks that include Palaeozoic felsic volcanics and intrusions, and Mid to Late Triassic andesites, sediments and andesite-dacite porphyries.
According to Pampa Metals, these basement rocks are limited to the east by a series of north-south to north-northeast faults, which to the north have continuity with the Escondida fault that cuts the La Escondida – Zaldivar mining district.
Old reports and regional data indicate that Jurassic sediments are intruded by Lower Tertiary dioritic rocks under the gravels to the east of the north-south fault system.
Palaeozoic felsic volcanic rocks in the central-northeastern part of the property display copper-oxide mineralization at surface associated with hydrothermal alteration with quartz veins and veinlets, the relationship of which to porphyry systems has been tested in the past by 11 RC drill holes identified on this portion of the property, the results of which are still unknown.
Felsic basement rocks in the central part of the project area are cut by a possibly Lower to Mid- Tertiary porphyry of fine, dacitic composition that is poorly exposed over an approximate area of 600m x 300m. This shows strong evidence of porphyry-type development with phyllic alteration and narrow and thick veinlets of “A” type quartz veinlets together with sinuous, banded grey quartz veinlets (see photo below).
This veinlet style is typical of some gold-rich porphyry systems in northern Chile. Limited samples (due to the lack of outcrop) have been submitted for chemical analysis, with results pending.
Various processed product maps from the recently completed ground magnetic geophysical survey at Block 4 consistently reveal a clear, isolated magnetic high in the central part of the property, which is coincident with the zone of quartz-veinlet stockworks.
The magnetic anomaly is about 800m x 800m in surface plan view, and depth slices of the data suggest a subvertical, conical body at least 750m in vertical extent, possibly connected to a larger intrusion to the northeast and southeast (see figure below).
The magnetic data indicate additional anomalies that may be associated with magmatic centers and/or porphyry-related hydrothermal alteration zones, with minor copper oxides occurring in the exposed zones, while others under cover are associated with north-south faults or magnetic lineaments. One of these has four historic RC drill holes on its margins, with unknown results.
Pampa Metals is continuing with the processing and interpretation of its field geological and geophysical data, including pending chemical analyses from limited sampling, to decide the next steps for the project.
These may include one or more of further geological work, limited trenching, additional geophysical surveys and reconnaissance drilling.
Block 4 is only one of several highly prospective projects that the company is actively advancing in the heart of Chile’s world-class mineral belts.
Pampa Metals has a unique portfolio of eight exploration projects covering a series of greenfield copper and gold targets within a total area of 59,000 hectares, which, in terms of land position, is almost unrivalled for a junior miner operating in Chile.
These projects (Arrieros, Block 2, Redondo-Veronica, Block 3, Block 4, Cerro Buenos Aires, Cerro Blanco and Morros Blancos) are all located along proven mineral belts of the Atacama region, including the Central Paleocene and Domeyko belts that have dominated the world’s copper production.
As shown on the map above, five of those projects are situated along the mid-Tertiary porphyry copper belt of northern Chile — the Domeyko Cordillera — that is host to three of the world’s top five copper mining districts at Collahuasi, Chuquicamata and Escondida (the world’s biggest).
The remaining three are located in the heart of the Paleocene mineral belt, which hosts a series of important porphyry copper deposits and mines such as Cerro Colorado (BHP), Spence (BHP), Sierra Gorda (KGHM & Sumitomo) and Relincho (part of Nueva Union – Teck-Goldcorp).
Note that many, but not all, porphyry deposits in Chile (and worldwide) occur in clusters, and brownfields exploration once a discovery is made can be very productive.
The northern Chilean Atacama Desert extends from the Peruvian border into Peru, down to somewhere north of Santiago; most of the principal mining districts in Chile are located in this sparsely populated, desert area. The main exceptions are the large copper mines (El Teniente, Los Bronces, Andina, Pelambres) to the east of Santiago.
The northern desert is characterized by elevated ranges of mountains, separated by relatively flat, piedmont-gravel-filled “pampas” that conceal the underlying geology. A rough estimate would suggest that at least 50% of northern Chile is covered by pampa deposits. One might consequently deduce that half of the likely mineral deposits are thus concealed by pampas.
These areas remain underexplored because they contain a layer of gravel, 30-50m thick, that was deposited after the formation of the porphyries.
Notwithstanding the important discoveries noted above, there are still very large areas of untested pampas in northern Chile that have the potential to conceal important mineral deposits.
Outcrops in the pampas are rare, however. If found, they can display similar characteristics, in terms of geology and hydrological alteration, as copper porphyry deposits. Pampa Metals’ game plan is to first conduct surveys to find the outcrops, and then sample and drill them.
2021 Drilling Plan
Since its inception in late 2020, Pampa Metals has been rapidly self-funding exploration on projects with the greatest potential for copper discoveries.
Detailed geological mapping has already been completed at the Redondo-Veronica, Cerro Buenos Aires, Block 3, Arrieros and now the Block 4 projects.
Phase 1 drilling on the Redondo-Veronica and Cerro Buenos Aires properties has also been completed, with more drilling planned on both properties in the coming months, along with initial drilling at Block 3 and Block 4. These four projects will be Pampa Metals’ near-term exploration focus.
Results so far from just the Cerro Buenos Aires portion drilling have shown “highly encouraging indications of a porphyry system,“ the company recently revealed.
Could the outcrop at Cerro Buenos Aires be the tip of the iceberg of a large porphyry underneath? Further drilling should reveal more about the geology and mineralization.
Meanwhile, Pampa Metals is also leveraging third-party funding from major shareholderLtd. to expedite exploration activities on the Cerro Blanco and Morros Blancos properties.
Cerro Blanco and Morros Blancos are considered two of the three “lithocap” projects within Pampa Metals’ eight-project exploration portfolio. Lithocap targets geologically represent the upper portions of potential porphyry copper systems, and, according to the company, often have significant precious metals potential.
Historical results to date at both projects suggest good potential for near-surface gold-silver mineralization possibly associated with deeper copper mineralization.
Pampa Metals’ hunt for the next big porphyry discovery in Chile comes amid a historic copper bull market.
Copper is a major component of motors, batteries, inverters, wiring and charging stations for EVs, and as such, is essential to the global drive towards low-carbon technologies.
Data analytics firm Fitch Solutions estimates that demand for “green” copper alone could reach 1.4 million tonnes in 2021, then rising to 5.4 million tonnes in 2030 at an average growth rate of 13% year-on-year.
An influx of infrastructure spending to reinvigorate economies during the Covid pandemic has also jolted the commodities market, sending copper prices to a record high earlier this year.
However, a copper bull market poses widespread challenges to the global supply chain. Due to a lack of new projects and booming demand, we’re seeing a supply deficit that is rapidly growing on a yearly basis.
A report by CRU Group had predicted earlier this year that the world will face a massive copper shortfall within a decade, with the annual supply deficit estimated at 4.7 million tonnes by 2030.
Without new projects, the global copper supply gap could reach as high as 15 million tonnes by 2035, CRU says.
To close the gap, the world will need at least 10 million tonnes of copper, according to CRU, requiring upwards of $100 billion in total spending.
Global commodities trader Trafigura went even further, anticipating a significant deficit in the region of 10 million tonnes by then.
Exacerbating the issue is the surging power costs in parts of the world that have caused factory slowdowns, imperiling the production of smelters worldwide.
Last week, the London Metal Exchange began to experience a critical shortfall in its copper inventories, with the metal available for withdrawal hitting its lowest levels since 1974.
Bank of America Corp. recently said a copper price of $20,000/tonne — which is almost double its all-time high — could be possible if major supply-side issues arose simultaneously.
The short-term headwinds, combined with escalating copper demand, illustrate why it is imperative for miners to quickly develop new projects in time to catch the upcoming rally.
Out of all copper explorers, what really works to Pampa Metals’ advantage is its considerable land position within Chile, the #1 copper-producing nation, accounting for over 25% of the global output.
Three of the world’s top 5 copper mining districts in the northern desert area, where all eight of Pampa Metals’ projects are located. Some of the biggest copper mines, such as El Teniente, Chuquicamata and Escondida (the world’s largest), are all found within this region.
The company’s executive team has also accumulated years of experience at global majors like BHP, Rio Tinto and Anglo American; these mining giants have all undertaken significant exploration and production in this particular part of Chile.
The Pampa Metals’ team, too, has significant experience within the Atacama Desert in northern Chile, having helped to bring BHP’s large-scale Spence copper mine online.
As we’ve previously discussed, recent drilling at both the Cerro Buenos Aires and Redondo-Veronica properties has given the company early indications that they are in the vicinity of a highly mineralized porphyry copper system.
Further drilling would be needed for confirmation, but given the success of those who have explored for copper here in the past, PM’s large land position, and experienced management, there’s no reason why Pampa Metals can’t be as successful
Pampa Metals Corp.
Shares Outstanding 46.4m
Market cap Cdn$19.3m
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US stocks close mixed on Powell’s hawkish remark
Dow Jones closed higher while S P 500 and Nasdaq drifted on Friday October 22 after Fed Chair Jerome Powell s tapering remarks weighed on investors…
Dow Jones closed higher, while S&P 500 and Nasdaq drifted on Friday, October 22, after Fed Chair, Jerome Powell’s tapering remarks weighed on investors’ sentiment. However, the optimism over the robust earnings has pushed the indices towards their third consecutive week of gains.
The S&P 500 was down 0.11% to 4,544.90. The Dow Jones Industrial Average increased by 0.21% to 35,677.02. The NASDAQ Composite Index fell 0.82% to 15,090.20, and the small-cap Russell 2000 was down 0.21% to 2,291.27.
On Friday, the Federal Reserve Chair, Jerome Powell said that the central bank should start dialing back its asset-buying program soon while suggesting that the interest rate shouldn’t be increased as of now. While the strong earnings results have lifted the investors’ confidence in recent weeks, the remarks from the Fed Chair raised concerns of the investors.
The Fed has reassured that the interest rate will be kept at the “near-zero” level until the economy returns to its expected employment and the inflation would come under the Fed’s expectation level of 2%. Meanwhile, the supply-chain disruptions and the rising costs of the raw materials indicated that inflation is likely to stay above the level for some time.
Will the US Markets rise on Monday after Powell’s remarks?
The financial and the real-estate sector topped the S&P 500 index on Friday, with communication services and consumer discretionary sectors as the bottom movers. Eight of the 11 critical sectors of the S&P 500 index stayed in the positive territory.
The stocks of Cleveland-Cliffs Inc. (CLF) gained 12.10% in intraday trading, after reporting better-than-expected quarterly earnings on Friday, before the bell. The company has reported record revenue of US$6 billion in Q3, FY21, while its net income came in at US$1.28 billion.
The shares of American Express Company (AXP) rose 5.50% after the company has reported strong quarterly earnings results as more people used their cards for traveling, dining, and other leisure activities. The total revenue of the company surged around 25% YoY to US$10.92 billion, while its net income was up 70% from the previous year’s same quarter to US$1.82 billion.
The stocks of Honeywell International Inc. (HON) plunged 2.90% after the company has lowered its full-year sales forecast due to the bottleneck supply constraints. The company’s sales rose 9% YoY to US$8.47 billion in Q3, FY21, while its EPS was up 68% YoY to US$1.80 apiece. However, the company has lowered its sales forecast to be between US$34.2 billion and US$34.6 billion from its previous forecast of US$34.6 billion and US$35.2 billion.
In the financial sector, JP Morgan Chase & Co. (JPM) increased by 1.15%, Bank of America Corporation (BAC) rose 1.27%, and Morgan Stanley (MS) surged 1.54%. Citigroup, Inc. (C) and Goldman Sachs Group, Inc. (GS) gained 1.28% and 1.65%, respectively.
In real-estate stocks, American Tower Corporation (AMT) advanced 1.86%, Equinix, Inc. (EQIX) jumped 1.52%, and Public Storage (PSA) soared 1.21%. Digital Realty Trust, Inc. (DLR) and SBA Communications Corporation (SBAC) ticked up 1.03% and 1.71%, respectively.
In the communication sector, Alphabet Inc. (GOOGL) decreased by 3.13%, Facebook, Inc. (FB) fell 5.91%, and Walt Disney Company (DIS) declined by 1.10%. Twitter Inc. (TWTR) and Snap Inc. (SNAP) plummeted 4.15% and 25.99%, respectively.
Futures & Commodities
Gold futures were up 0.71% to US$1,794.60 per ounce. Silver increased by 0.86% to US$24.378 per ounce, while copper fell 1.24% to US$4.5018.
Brent oil futures increased by 1.55% to US$85.92 per barrel and WTI crude was up 2.06% to US$84.20.
The 30-year Treasury bond yields was down 2.47% to 2.075, while the 10-year bond yields fell 1.91% to 1.643.
US Dollar Futures Index decreased by 0.17% to US$93.602.
Trending Silver Stocks To Buy Now? 3 For Your Watchlist This Week
Which trending silver stocks are on your watchlist this week? In recent…
The post Trending Silver Stocks To Buy Now? 3 For Your Watchlist This Week appeared…
Which trending silver stocks are on your watchlist this week?
In recent months, the market for silver stocks has been fairly interesting to follow. During the last year and a half, silver assets have skyrocketed in price due to the pandemic. Many silver assets saw bigger percentage returns than gold stocks. This attracted a large number of new investors to the metal who had previously passed it up. Another semi-recent occurrence also attracted a large number of new investors to silver. You’ve probably heard about the GameStop scenario, in which Reddit traders artificially inflated the stock’s price. This is something that has occurred multiple times with silver stocks as well.
Right present, the biggest factor pushing the price of this metal is the ongoing epidemic. When incidences of COVID-19 began to decline as a result of vaccines, things began to look bleak for mining stocks. Nobody knows what will happen in the United States now that the Delta variant has been rampant in multiple locations around the world.
As a result of the increased volatility, some investors have returned to silver stocks. If the government issues additional stimulus or the stock market crashes, mining equities are likely to benefit. Silver stocks were also boosted after news broke 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, attracted a lot more investors. Keeping this information in mind, which silver stocks will be on your watchlist as October continues?
Top Silver Stocks To Watch
- (NASDAQ: PAAS)
- (NYSE: EXK)
- Hecla Mining Company (NYSE: HL)
is a mining company that discovers, develops, extracts, refines, and reclaims silver from various mines. These mines are located in Canada, Mexico, Peru, Argentina, and Bolivia, and are operated by the business. Gold, zinc, lead, and copper are also sold by Pan American. Pan American has a stake in a number of mines, all of which contribute to its bottom line.
The corporation released its second-quarter financial results for 2021 on August 10th. During the quarter, the company produced 142.3 ounces of gold consolidated. In 2021, it earned $382.1 million in revenue. These results were considered to be positive forThe company now expects its cash flows to further improve in the second half of 2021.
Now we will find out if the company’s cash flows have improved, as it will soon be reporting its third-quarter 2021 unaudited results. The release of these results will take place on November 9th. Pan American Silver will host an accompanying conference call and webcast on November 10th. It will be interesting to see what the company reports, as it could impact its stock price. For now, is PAAS going to be on your list of silver stocks to watch?
is a silver stock that has recently seen a price increase. This business acquires, explores, and develops land. Endeavour’s mineral characteristics are being processed, refined, and reclaimed. The majority of Endeavour’s key assets are in Mexico and Chile. Endeavour’s mines are mostly used to seek for silver and gold.
Endeavour reported new production numbers on October 7th, 2021. The company reported 1,305,399 silver ounces and 10.541 gold ounces in the third quarter of 2021. This means that its total silver equivalent production was 2.1 million oz at an 80:1 silver:gold ratio, totaling 6.1 million AgEq for the 9 months ended September 30th. Currently, its silver equivalent production at each mine is on track to meet or improve on its 2021 production plans.
The CEO of Endeavour, Dan Dickson said, “Our 2021 business plan shows strong performance, which has resulted in higher production than last year, despite suspending operations at the small El Compas mine. This reaffirms an important year of investment into our people and culture programs to ensure the long-term sustainability of our operations.” On October 22nd, EXK stock price went up by 2.46% in the market. Its volume is also nearly double its market average. With this new info to note, will EXK be on your silver stock watchlist?
Hecla Mining Company (NYSE: HL)
Hecla Mining Company is a silver stock that went up 2.64% on the trading day of October 22nd. This company has an interest in base and precious metal properties all over the world. The company engages in the acquisition, development, production, and discovery at these properties. It offers silver and gold bullion bars, lead, zinc, and bulk concentrated. It has a 100% interest in the Greens Creek mine in Alaska, and the Lucky Friday mine in Idaho, as well as many others.
On October 12th, the company reported its preliminary production results for the third quarter of 2021. During this period, its silver production decreased to 2.7 million ounces because of lower grades at its Greens Creek mine due to sequencing. This was partially offset by its positive Lucky Friday production. Hecla’s total gold production was in line with last year, at 42,206 ounces.
The President and CEO of the company, Phillips S. Baker Jr. said, “Greens Creek had a good quarter but was down compared to an exceptional 2020 third quarter. The mine experienced lower grades due to the mine sequence, which was driven by manpower challenges that are being addressed through schedule changes and other means.” On October 22nd, HL stock’s volume is at about 7.7 million compared to a market average of 6.2 million. With this to note, will HL stock make it on to your silver list this month?
Best Silver Stocks To Buy?
Choosing the top silver stocks to invest in can be a difficult task. Developing an investment strategy can assist to mitigate many of the risks. This might be as basic as checking the company’s or industry’s recent news. Analyzing what’s going on in the world can also be beneficial, as everything from job reports to government stimulus has a significant impact on mining stocks. With all of this in mind, which silver stocks will you add to your list this month?
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