Top-News of the Week:
EnWave signs contract with Nestlé!
Big milestone for EnWave! The company recently announced that it has signed a new Technology Evaluation and License Option Agreement with Nestec Ltd., a subsidiary of Nestlé S.A. of Vevey, Switzerland. The Agreement involves EnWave’s REV™ food dehydration technology.
Nestec and EnWave will collaborate during a term of twelve months to evaluate REV™ technology for the dehydration of certain products. EnWave has granted Nestec an option to exclusively license this technology should the outcome of the evaluation be successful.
Another big step for EnWave, as Nestlé is one of the largest food manufacturers worldwide!
News: EnWave Signs Technology Evaluation and License Option Agreement with Nestlé
Gold-price: Upwards breakout is only a matter of time!
After the double-top, including two bull traps in April and June 2017, the gold-price tested the mark of US$1,200 once more at the beginning of July. And it resisted! A strong buy signal at this range led to a recovery into the range of US$1,240. Therewith, the gold-price continues to run into a closing triangle, which is often been closed by an upwards breakout. Therefore, the very robust resistance at US$1,265 has to be taken.
One can see this better with a look on the chart of the GDX (VanEck Vectors Gold Miners ETF), which covers most of the gold miners, listed at the NYSE. At the beginning of July, the support at US$21 has been defended and the bears have been sent into a bear trap. Now, it is important to break the important resistance at US$23.
Silver is a little bit different. There, nearly all resistances have been broken through downwards, which ended into a flash crash, which normally marks the end of capitulation. From our point of view, it was not a fat-finger-trade, which led to this scenario, but self-trading programs. This led to an interesting action by the CME, which cancelled all orders below US$15.50.
In summary, it seems, that there may be a good entrance point for gold and silver now, also from the traditional weak June/July period perspective.
Video with chart-specialist Florian Grummes from Midas Touch Consulting:
Chart Check with Florian Grummes: Summer Low at Gold Probably Overcome
Klondex Mines announces reserves estimate for Hollister
A couple of days ago, Klondex Mines provided an initial Proven and Probable (“P&P”) Mineral Reserve estimate for the Hollister Mine in Nevada as well as an update on the Hatter Graben 2017 drill program.
Mineral Reserve Highlights:
Sibanye Gold gets Executive Vice President for South Africa
- Total Hollister P&P Mineral Reserve is 116.1 AuEq koz at a grade of 0.582 AuEq opt (19.9 AuEq g/t) contained within 199.5k tons
- The P&P Mineral Reserve in the Hollister Main zone is 51.5 AuEq koz at a grade of 0.658 AuEq opt (22.6 AuEq g/t) contained within 78.2k tons.
- The P&P Mineral Reserve in the Gloria zone is 64.6 AuEq koz at a grade of 0.532 AuEq opt (18.2 AuEq g/t) contained within 121.4k tons.
- The Hollister P&P Mineral Reserve estimate does not include any drill results from Hatter Graben. Drilling on the Hatter Graben commenced on June 17, 2017.
Alabama Graphite: Feasibility study awarded!
A short time ago, Sibanye Gold announced, that Robert van Niekerk has been appointed as Executive Vice President for the South African business.
Robert has been an integral part of the Sibanye executive team since he joined Sibanye in February 2013 and has fulfilled various roles within the organization, including, most recently as Divisional CEO: Platinum. Robert has been involved in the mining industry for over 30 years, operating within South Africa and internationally in senior management positions at Gold Fields and Anglo American Platinum. Prior to joining Sibanye, Robert was Senior Vice President and Head of Mining for the Gold Fields Group.
Robert’s appointment follows the acquisition of Stillwater Mining Company in May 2017, and a subsequent transition of the Sibanye Group organizational structure from a divisional commodity structure to a geographical regionalized structure.
With the significant increase in size and geographical spread of the company, this regionalized organizational structure will provide effective leadership, ensuring appropriate focus and skills allocation in well-defined geographical regions and corporate functions. This focus coupled with a strong executive presence in clearly understood social and cultural regions should position Sibanye for continued success. Robert’s recognized leadership and mining experience, in particular in the complex South African mining environment, should ensure operational success.
News: Sibanye appoints head of the Southern Africa (“SA”) region
Video: PGM Markets On The Move
Sierra Metals shows positive production results
Alabama Graphite recently announced, that independent engineering firm AGP Mining Consultants Inc. (“AGP”) of Barrie, Ontario has been awarded the definitive contract by AGC for the Feasibility Study of the Company’s flagship project, the Coosa Graphite Project, located in Coosa County, Alabama, USA. AGC is 100% owner of the Coosa Graphite Project — the only advanced-stage graphite project in the contiguous United States of America — and all requisite downstream secondary processing to develop and manufacture AGC’s battery-graphite products is being conducted in the United States of America.
AGP already produced the Company’s Preliminary Economic Assessment (“PEA”) technical report for the Coosa Graphite Project. The proposed feasibility study will put more risk away from the planned mining and production of high-quality graphite.
News: Alabama Graphite Corp. Awards Coosa Graphite Project Feasibility Study to AGP Mining
Video: China's New 5 Year Plan, E-Mobility And Battery Graphite
A short time ago, Sierra Metals reported second quarter 2017 production results featuring the second highest quarter of throughput and third highest quarter of metal production to date from the Yauricocha Mine.
Results are from Sierra Metals’ three underground mines in Latin America: the Yauricocha polymetallic Mine in Peru and the Bolivar copper and Cusi silver Mines in Mexico.
Second Quarter 2017 Production Highlights were:
- Silver equivalent production of 2.7 million ounces;
- Copper equivalent production of 23.1 million pounds;
- Total tons processed of 454,805;
- Increase of 14% in silver equivalent production and 10% increase in throughput at Yauricocha during Q2 2017 vs Q2 2016
Ascendant Resources announces good quarterly results and the start of the TSX listing
Sierra Metals continues to see solid metals production and tonnage processed at its flagship Yauricocha Mine. The company is working to increase tonnage at Bolivar with the procurement of new equipment and through the exploration and development of higher grade ore sources which are expected to come into the mine plan early next year.
News: Sierra Metals Reports Second Quarter 2017 Production Results
TerraX Minerals reports top-class sampling results!
Ascendant Resources recently announced zinc equivalent metal production of 6,944 tons during the second quarter; 15% higher than the first quarter and up 4% from guidance of 6,664 tons at its El Mochito mine in Honduras.
Milled production for the month was 50,795 tons, an average of 1,693 tons per day. The second quarter milling production rate increased 15% against Q1 but was 7% lower than the provided guidance of 1,850 tpd. This was offset by 7% higher than planned metal grades mined on a zinc-equivalent basis and higher processing recoveries. The Company is not making any revisions to the guidance issued on April 18, 2017 and remains confident of achieving its guidance for the year.
Furthermore, Ascendant Resources announced that, further to a June 28, 2017 press release, it has received final approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares and currently-listed common share purchase warrants on the TSX.
The Common Shares and Warrants will be listed and posted for trading on the TSX at the opening of markets on Thursday, July 20, 2017 under their existing symbols "ASND" and “ASND.WT”, respectively.
News: Ascendant Resources Provides June and Second Quarter Production Update
News: Ascendant Resources Receives Final Approval for Listing on the TSX
Video: Zinc Is Going Into Supply Deficits
TerraX Minerals recently reported initial surface sampling results from a property wide exploration program now underway at its Yellowknife City Gold project, immediately adjacent to the city of Yellowknife in the Northwest Territories. The two areas of most significance are Angel and Duck Lake, which showed the following sampling results: .
- 18 samples taken from outcrop over 250 m of north-south strike, with highlights that include:
- 65.7 g/t Au, 289 g/t Ag
- 30.8 g/t Au, 4,910 g/t Ag
- 12.5 g/t Au, 1,395 g/t Ag
- 9.81 g/t Au, 3,100 g/t Ag
- Possible extension of the zone 1 km to the north with 10.15 g/t Au and 19 g/t Ag
Endeavour Silver reports quarterly results
- 30 samples taken from outcrop over 500 m of east-west strike, with sampling to the west ending at Duck Lake.
- Veins up to 1 meter thick in sericite schist zones, with highlights that include:
- 20.30 g/t Au
- 19.35 g/t Au
- 15.15 g/t Au
- 11.55 g/t Au
- 11.35 g/t Au
Rodman & Renshaw sets US$6.50 course target for Endeavour Silver
Endeavour Silver recently reported production results for the Second Quarter, 2017 from the Company’s three silver-gold mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Silver production in the Second Quarter, 2017 was 1,143,788 ounces (oz) and gold production was 13,057 oz resulting in silver equivalent production of 2.1 million oz using a 70:1 silver gold ratio.
In 2017, production was higher in Q2 compared to Q1 due to improved performance of the Bolañitos and El Cubo mines. This year, consolidated production should rise from Q1 to Q4 with increased access to reserves due to increased spending on exploration and development at all three mines.
News: Endeavour Silver Produces 1,143,788 oz Silver and 13,058 oz Gold (2.1 Million oz Silver Equivalents) in the Second Quarter, 2017
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