Top-News of the week:
Endeavour Silver utilizes financing window to secure 16 million US$
A couple of days ago Endeavour Silver announced that the company utilized the current financing window to generate 16.5 million US$. Therefore Endeavour sold 8,017,694 shares for net proceeds of 16.0 million US$. This indeed implicates a stock price way below the current one (which is mainly overheated and strongly needs a small correction), but at the end of the day there are some 16 million US$ in net cash which the company needs to develop the giant Terronera project. According to this Endeavour will use the money to advance exploration and development of the Terronera project and expedite brownfields exploration and development programs at existing mines. The company recently initiated an aggressive exploration program at the Terronera project to significantly expand the resources. This should allow Endeavour to model a larger, more economically robust high grade, underground silver-gold mine and complete the engineering work needed to deliver a pre-feasibility study. Altogether this new cash is an additional propellant for the positive development of Endeavour Silver!
Interview: Bradford Cooke CEO EDR INVEST 2016 Interview
News: Endeavour Silver 16 Mio. $ Financing
Market Watch:
FED still at a loss – More than ever after the implementation of a Chinese gold-fixing!
The good old FED (the emphasize lies on “old”) determined last Wednesday evening that it will not raise the federal funds rate. It rather has to be said “will not be able to raise”, because the US is not able to afford a higher federal funds rate neither from an economical perspective (the US-(export)-economy has been adversely affected by the US$-strength for months) nor regarding to its debt service (current debt level stands at around 17.45 trillion US$, what means annual interest expenses of 174.5 billion US$ even at a very low interest rate of only 1%). There is nothing more to be said, except that the FED will neither be able to raise the federal funds rate in the future.
Especially not for the fact that the one and only reasonable “currency” gold will hardly be to dominate…or how the conspiracy theorists would say…will hardly be to manipulate further. Why? – The explanation is simple: Most recently there exists a Chinese gold-fixing beside the Comex gold price!
China established an own gold price fixing in Yuan a couple of days ago. What does that concretely mean? Nothing other than China will control the gold market as soon as the global community will treat the Yuan-backed gold price in grams as the most important medium for the validation and the trading of gold. The whole thing happens against the background that China said for several times that it wishes that the gold price will play a more important role within the global currency system. But what does that concretely mean? If China controls the gold market, gold should begin to play a much more important monetary role. Fact is: China may have way more gold reserves than the country officially declares. Should China have the largest gold reserves of all countries (what many experts believe) then the country would come into a position where it could control the global currency system and dominate the worldwide economy. Therefore investors should position themselves as soon as possible, because what is happening now should lead to a massive breakout of the gold price.
Company News:
Osisko Gold Royalties: 450 million CA$ in cash, 54 royalty agreements, 1.1% dividend yield!
Osisko Gold Royalties is the fastest growing royalty company on the planet. Within the last one and a half years the company was able to secure not less than 54 royalty and streaming agreements and still has some 450 million CA$ (plus 200 million CA$ revolving facility) to invest into promising assets. Osisko Gold Royalties has one unique characteristic called “Royalty Incubation Process” which does not only include royalty and streaming agreements, but furthermore direct investments in promising mining stocks including technical support by Osisko’s highly experienced geological team. With this concept, Osisko had been able to generate around 57 million CA$ in free cash flow revenues in its first full financial year 2015. This year the company expects to raise that number to about 70 million CA$. The good thing: The nominal dividend of 0.16 CA$ per year shall grow by rising yearly revenues.
Interview: Sean Roosen Interview from ZURI INVEST event
Treasury Metals to generate some fresh money!
A few days ago Treasury Metals announced that it has entered into an agreement with Haywood Securities Inc. for generating up to 3 million CA$. This shall be done via emission of new shares for an emission price of 0.48 CAD including one half of one common share purchase warrant. Firstly Haywood shall generate 2 million CA$, but the company has an option to sell additional units to raise additional gross proceeds of up to 1 million CA$. Although the cash generation will be done via emission of new shares, Treasury Metals will have enough capital to finance the development of the Goliath gold project, where it currently works on the mining license process.
Interview: Marc Henderson Chairman & Founder Treasury Metals
News: Treasury Metals 2 Mio.$ Financing
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