Top-News of the week:
Endeavour Silver: Higher production than expected! – El Cubo safe! – Quicker production decision for Terronera?
Last week, Endeavour Silver announced some production numbers for Q2/2016. According to this, silver production in the Second Quarter, 2016 was 1,551,851 ounces (oz) and gold production was 15,649 oz for silver equivalent production of 2.6 million oz using a 70:1 silver gold ratio. Quarterly silver and gold production were both ahead of plan in Q2. Thereupon, management has revised its 2016 operating plan and raised its 2016 production guidance to reflect the higher metal prices and renewed focus on growth. Therewith, the current positive development of the silver price reflects in a positive development of Endeavour’s silver production. At the current silver price level, the El Cubo Mine, (which should have been closed at the end of the year) may produce furthermore and a positive decision for constructing a mine on Terronera could come faster than expected.
Market Watch:
Brexit, banking crisis, negative interest rates, fear of terrorism – the perfect propellant for the coming gold- and silver-storm!
Gold has been reckoned as a safe harbor. Nowadays it is being recovered just as that. A harbor has been the only asylum for sailors, which were at the mercy of the forces of nature on their wooden ships, in their hard and dangerous life, affected by wind, weather and meters high waves. But times are changing, since at least the sinking of the Titanic, meanwhile iron made ships have enough rescue boards as Plan B. Nevertheless, the harbor is still a symbol for safety. Harbor equal to gold, rescue boat equal to silver, that may be the current safety formula. Gold as the ultimate sheet anchor, silver as the rescue ship, to get into the harbor. In view of steady lurking, British Brexit-pirates, an ongoing dead calm named negative interest, Italian banking monster waves appearing at the horizon and threatening thunder risks in terms of terror-flashes, fear rises at European investors. Not only about the beloved money, but also for life and limb. There is no nostrum to save the latter, but for saving the own money it is called: Investing in precious metals! So, it is not a wonder, that worldwide mints and precious metals ETFs show record-sells and inflows month by month. Healthy price dents are foreseeable, whereupon a seasonal setback seems not to happen this year. At least, there is no relief in sight at the ship front and therefore also no significant decrease in precious metals prices, quite the contrary! An enormous storm seems to come over Europe, high time to come into the safe harbor! BTW: This also applies for good mining-stock like Sibanye Gold, Klondex Mines, MAG Silver, Caledonia Mining (high dividend yield!) and Pershing Gold.
Sibanye Gold: Company presentation
MAG Silver: Company presentation
Caledonia Mining: Newsflash Q1 production update
Pershing Gold: Interview with Stephen Alfers, CEO
Company News:
Inca One Gold: Significant increase in Net Revenue Margins
A couple of days ago, Inca One Gold reported, that its net revenue margin (“NRM”) from operations at the Chala One SAC plant averaged 40% for the first six months of 2016. NRM, a key industry metric being gold sales revenue less the related cost of mineral purchasing, grew consistently from 23% in the first six months of calendar 2015 to 40% during the first six months of calendar 2016. That has been achieved by numerous improvements in the gold measuring and recovery processes, improved security, and began sourcing mineral with better deal terms, which collectively increased NRM to 33%. During the first six months of 2016, the Company began operating its newly installed desorption plant on site at Chala One, and continued to improve recoveries and mineral sourcing resulting in an average NRM of 40%. From January 1, 2016 through June 30, 2016 Chala One has exported approximately 92.2 kilograms of gold and realized gold sales of approximately US$3.7 million. Furthermore, the management successfully navigated the Company through the extensive IGV audit conducted by SUNAT, Peru’s tax and customs authority, which finally closed at the end of June 2016. Chala One collected its first refund cheque in early February 2016 and has been receiving monthly IGV/VAT refund cheques within weeks of each month end filing. After a recapitalization phase, the Company is ready to enact a 90 day ramp up plan to get back up to 100 TPD of production, whereby the Company expects to be operating at approximately 70 TPD within 60 days which is the projected break-even. The recapitalization is led by a non-brokered private placement for gross proceeds of up to 4,000,000 CA$. Concurrent with the Private Placement, the Company will also conduct a five to one share consolidation of its common shares. The proceeds from the Offering will be used for purchases of mineral, inventory supplies and materials, select debt repayments, and general working capital requirements.
Successful recapitalization, higher NRM and ongoing tax refunds, that is the basis for a successful future.
Inca One: Higher margin and financing
EnWave: Technology Evaluation and License Option Agreement
A few days ago, EnWave announced, that it has signed a Technology Evaluation and License Option Agreement with the leading manufacturer of fresh and processed meat products in Australia and New Zealand. Pursuant to the agreement, the Research Partner has the right to use EnWave’s Radiant Energy Vacuum (“REV™”) dehydration technology for research and development purposes exclusively in Australia and New Zealand for a period not to exceed twelve months. EnWave will deliver rental pilot-scale REV™ equipment to the Research Partner’s research and development facilities in 2016. EnWave is currently engaged with six leading meat processors spanning Europe, North America, South America and now Australasia. The Company’s REV™ technology has proven to be a viable, continuous, low-temperature, commercial-scale dehydration process for several meat-based applications. Another step into new markets, both from a geographic and a product-technical perspective!
News 1: ENW signs TELOA with Australian meat producer
News 2: ENW signs commercial royalty bearing license with Perdue Foods LLC
we recommend:
We kindly invite you to join our various other Social Media activities as well. Be the first to get the most interesting news and watch videos on our official Youtube channel, or be part of our Facebook family. We are happy to enter into dialogue with you.
|
|
