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  2. 'The acquisition wave is coming' - Mark O'Dea Sep 17, 2020 Guest(s): Mark O'Dea Chairman & Founder, Oxygen Capital With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year. Oxygen Capital is an integrated merchant bank and mining house behind the companies such as Pure Gold and Discovery Metals. O'Dea sold his previous company, ... (read more)
  3. SILVER vs Silver shares Junior Silver shares (like Aftermath & Defiance) run with "the fast boy" AGQ, 3x Bull etf on Silver AAG.v & DEF.v vs. AGQ ($58.31) ... YTD: 2yr: 1yr: 10d/ AAG.v: C$0.88 (1.51% Agq), DEF.v: $0.61 (1.05% Agq), Ratio: AAG.v (C$0.88) to AGQ ($58.31): AAG.v: 1.51% Ratio: DEF.v (C$0.61) to AGQ ($58.31): DEF.v: 1.05% ==
  4. drbubb

    SILVER

    SILVER vs Silver shares Junior Silver shares (like Aftermath & Defiance) run with "the fast boy" AGQ, 3x Bull etf on Silver AAG.v & DEF.v vs. AGQ ($58.31) ... YTD: 2yr: 1yr: 10d/ AAG.v: C$0.88 (1.51% Agq), DEF.v: $0.61 (1.05% Agq), Ratio: AAG.v (C$0.88) to AGQ ($58.31): AAG.v: 1.51% Ratio: DEF.v (C$0.61) to AGQ ($58.31): DEF.v: 1.05% ==
  5. drbubb

    GOLD

    https://i.imgur.com/8vxonuH.png
  6. Yesterday
  7. AVIDA FIRST @ Crescendo Ayala Land’s residential brand Avida Land will be the first to build residential villages on the estate. Avida’s mid-range house and lot offerings are expected to attract home buyers from Tarlac, Metro Manila and abroad, especially those with roots in the province. > https://www.cresendo.ph/delightful-and-inspired-living/ == AMAIA is already in Tarlac, a place called Capas Amaia Scapes Capas sprawling on a 21.5-hectare vastness in Capas, Tarlac, Amaia Scapes Capas is the developer’s newest project on this side of Central Luzon. It’s life only made sweeter for the Tarlaceños. Price Range:P900K - P2.6M
  8. GREEN CRESCENDO Cresendo will feature a 1.5-km. long green parkway with dedicated pedestrian lanes and bike lanes will seamlessly connect the estate’s active to more quiet zones. Roads will be lined with trees endemic to the area. The development will be highly walkable with three-meter wide sidewalks and arcaded walkway as design features. As the pioneering developer of sustainable mixed-use estates, Ayala Land has paid careful attention to the development of these Tarlac plains. 31% of the estate has been dedicated to green open spaces, with seamless green connection including a 7-hectare river terraces including a viewing deck, jogging paths and a rainwater detention system that will ensure a safe and secure quality living. Artist’s perspective of the 7-hectare river terraces
  9. Vangold samples 40 m of El Pinguico shaft vein 2020-09-16- News Release / Mr. James Anderson reports VANGOLD MINING PROVIDES EXPLORATION UPDATE Vangold Mining Corp. is providing an update on progress from its continuing exploration of the El Pinguico silver and gold project located seven kilometres south of Guanajuato, Mexico. El Pinguico shaft/sampling of exposed vein The excavation of the El Pinguico shaft was paused during the week of Sept. 7 to allow crews to safely access and sample material from exposed areas of the El Pinguico vein in the vicinity of the shaft. Crews have observed and sampled approximately 40 metres of vertical extent of the vein extending from the fourth to the sixth level and in close proximity to the company's underground stockpile. This vein exposure has now been channel sampled every four m along the vertical extent of the exposure. Samples are being sent to SGS Labs in Durango, Mexico, for analysis; assay results will be released once they are received and interpreted by Vangold geologists and engineers. Excavation of the remaining material that continues to block access to level 7, where it intersects the El Pinguico shaft, will continue during the week of Sept. 21, 2020. Clearing access of No. 7 adit portal Access to the No. 7 adit is also blocked approximately 75 m from its portal by what the company thinks is a relatively superficial rock fall, as it occurs at a mapped fault, and at a change of rock type (andesites to rhyolites). The company is utilizing a mechanized scoop tram to aid in the removal of this material and will begin to re-enforce the back or roof of the adit with steel beams at the area of the collapse. Company director and mining engineer Hernan Dorado commented: "If this cave-in is indeed superficial in nature, and if the No. 7 adit resembles the No. 4 adit above it, we may be able to access approximately 1.2 km of open adit all the way to the intersection of the No. 7 adit and the El Pinguico shaft. Accessing this level will also allow greater flexibility in choosing drill targets in the months ahead and would open potential alternatives for the future extraction of the underground stockpile." Additional geological tasks Crews have undertaken several other tasks to explore the property and to prepare for underground and surface drilling planned for later in the season. These tasks include: Generating a 3-D model of the underground workings... Sampling of No. 4 adit... Trenching of additional adits... The El Pinguico project El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913. Toward the end of that period it was mined exclusively by the Pinguico Mines Company of New York; its shares traded on the Boston and New York stock exchanges. The mining was done principally from the El Pinguico and El Carmen veins, which are thought to be splays off the Mother vein, or Veta Madre. The Veta Madre is associated with a megafault that outcrops for 25 kilometres and is the most important source of precious metal mineralization in the region. Current geologic interpretation, based on regional mapping and projections from the Veta Madre developed at adjacent historic mine operations, suggests that the Veta Madre vein system may cross Vangold's property at depth, underneath the high-grade El Pinguico and El Carmen veins. Very limited drilling has been done on the property and no drilling has yet attempted to encounter the Veta Madre at depth. The intersection of these major vein structures are excellent exploration targets and may result in zones of significant size and grades. Hernan Dorado Smith, a director of Vangold and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. Underground stockpile The underground (UG) stockpile consists of material that in 2012 the Mexican Geological Survey agency determined to be 148,966 tonnes in size. In 2017, Vangold conducted a trenching program at the top of the UG stockpile. This program resulted in a weighted average of all of the trench samples of 1.75 g/t Au and 183 g/t silver. About Vangold Mining Corp. Vangold Mining is an exploration and development company engaged in reactivating high-grade past producing silver and gold mines near the city of Guanajuato, Mexico. The company's El Pinguico project is a significant past producer of both silver and gold located just seven km south of the city. The company remains focused on the near-term potential for development and monetization of its surface and underground stockpiles of mineralized material at El Pinguico, and in delineating silver and gold resources through underground and surface drilling on projects located in this historic mining camp.
  10. The MINING MADNESS EXPLAINED Guys, you really need to invest a few minutes to listen to this interview... Try have patience, or skip to the last 1/3 or so... to hear about the opportunity in Uranium stocks. There used to be 500 Uranium related co's and only 20 are left "with 8 good management teams", says Mr Rick Rule. In the Gold sector, there are 1600 gold co's and only maybe 150 tried & tested teams. Be careful out there ! / Rick Rule: the coming bull market for gold and uranium > / 2 / Uranium's day is coming... and there are few co's left : Like 20, with 8 solid management teams John Borshoff: is it uranium's time to shine? ==
  11. The MINING MADNESS EXPLAINED Guys, you really need to invest a few minutes to listen to this interview... Try have patience, or skip to the last 1/3 or so... to hear about the opportunity in Uranium stocks. There used to be 500 Uranium related co's and only 20 are left "with 8 good management teams", says Mr Rick Rule. In the Gold sector, there are 1600 gold co's and only maybe 150 tried & tested teams. Be careful out there ! / Rick Rule: the coming bull market for gold and uranium > ==
  12. The MINING MADNESS EXPLAINED Guys, you really need to invest a few minutes to listen to this interview... Try have patience, or skip to the last 1/3 or so... to hear about the opportunity in Uranium stocks. There used to be 500 Uranium related co's and only 20 are left "with 8 good management teams", says Mr Rick Rule. In the Gold sector, there are 1600 gold co's and only maybe 150 tried & tested teams. Be careful out there ! / Rick Rule: the coming bull market for gold and uranium > ==
  13. The Fading BOUNCE: Bounce that I predicted on 9/9, may be ending now.. & some tech stocks are hardly off the recent Lows AMZN - TNA (3x Bull on IWM) - etc ... YTD : Amzn-$3078, TNA-$33.70, NDX-11,248 TZA-vs-FAZ .. YTD: 10d / tza-15.83 -2.9%, faz-13.72 -2.0% : ratio: 115.4% 10d / tza-15.83, faz-13.72 : ratio: 115.4% Ratio: tza-15.83, faz-13.72 : 115.4% Sym : Last : Oct-strike #1— : Mid. / Oct-strike #2— : Mid. : Diff. / TZA : 15.83: $15C: 1.75-1.90: 1.83 / $14C: 2.30-2.45: 2.38 : 0.55/ FAZ : 13.72: $13C: 1.35-1.50: 1.43 / $12C: 1.95-2.10: 2.03 : 0.60 / Ratio 115%: 1.153: =======: 1.280/ 1.167: =======: 1.172: VIX : 28.91:
  14. Chris Rock: Democrats ‘Let the Pandemic Come In’ While Pushing Impeachment “[Racism is] real. It’s not going away,” Rock told the paper. The actor and standup comedy icon went on to insist that Barack Obama’s election to the White House was great for white people in America but not necessarily great for black people. “I said this before, but Obama becoming the president, it’s progress for white people. It’s not progress for Black people. It’s the Jackie Robinson thing. It’s written like he broke a barrier, as if there weren’t Black people that could play before him. And that’s how white people have learned about racism. They think, when these people work hard enough, they’ll be like Jackie.” But Rock says there is a “real” narrative that people refuse to learn. “And the real narrative should be that these people, the Black people, are being abused by a group of people that are mentally handicapped. And we’re trying to get them past their mental handicaps to see that all people are equal,” Rock said. “Humanity isn’t progress,” Rock continued, “it’s only progress for the person that’s taking your humanity. If a woman’s in an abusive relationship and her husband stops beating her, you wouldn’t say she’s made progress, right? But that’s what we do with Black people. We’re constantly told that we’re making progress. The relationship we’re in — the arranged marriage that we’re in — it’s that we’re getting beat less.” Elsewhere in the interview, Chris Rock called out Democratic party leaders, saying they “let the pandemic come in” while they pursued a campaign to impeach President Donald Trump. > https://www.breitbart.com/entertainment/2020/09/16/chris-rock-black-people-are-being-abused-by-a-group-of-people-that-are-mentally-handicapped/
  15. Candace Owens: ‘We Are Not in a Race War’ – That Narrative Is Created to Destroy America
  16. Last week
  17. BARR GETS IT ! AG Bill Barr Slams Democrats for Demanding ‘Biden or No Peace’: ‘Rule by the Mob’ Barr added that this was the most important election of our lifetimes. “As an attorney general, I’m not supposed to get into politics,” he said. However, he said: “I think we were getting into a position where we were going to find ourselves irrevocably committed to a socialist path, and I think if Trump loses this election, that will be the case. In other words, I think there’s now a clear fork in the road for our country.” Barr warned that the mail-in ballot was a “terrible danger” to the integrity of democracy. The traditional voting system, he said, had been designed to protect the secrecy of the ballot. “All of that is gone with mail-in [voting]. There’s no secret vote.” Mail-in ballots were associated, by design with the person who cast them, he noted. He mocked Democrats for claiming that President Donald Trump would refuse to leave office if he lost. “Liberals project. You know, the president is going to stay in office, and seize power, and all that [expletive]? I’ve never heard of that crap. I mean, I’m the attorney general, I would think I wouldd have heard about it. They’re projecting. They’re creating an incendiary situation, where there’s going to be loss of confidence in the vote.” He lamented that much of the great thought that provided the foundation of American democracy had been forgotten, or perhaps never taught to young Americans. “I personally think — and I’ve been saying this for decades — that the only way out of this is school choice, where we return education to the control of the parents.” > https://www.breitbart.com/2020-election/2020/09/16/ag-bill-barr-slams-democrats-for-demanding-biden-or-no-peace-rule-by-the-mob/
  18. NAV is back near Highs in PHL-acct / Thanks to the AREIT Dividend, and some improvement in RCI. NAV: TOTAL+CASH: 134,260. Incl. Cash of 22,222. vs 113.750 start: +18% / vs Mid-Aug.H: 136,825 RCI- etc ... update: RCI: 1.21, AREIT: 25.70, SHNG: 2.65 (r-9.70) Note that RCI is near LOW of year, and yet the acct NAV is near high. There's plenty of room for capital gain here, and the Mentee account is earning some good yields, well above bank deposit rates.
  19. Feb 24, 2020 - Solaris One is valued at PHP 15.8 billion, Ayala North Exchange at PHP ... based on the third-party appraisal report dated January 24, 2020. AREIT's portfolio consists of Grade A PEZA-accredited properties in Makati. First is Solaris One, a 24-storey building completed in 2008, with 46,700 square meters of GLA. It is 96% leased and has Shell Shared Services and ANZ Global Services as its anchor office tenants. Second is Ayala North Exchange, completed in 2019, with a total GLA of 95,500 square meters. It is 99% leased, housing key tenants such as Concentrix, Oracle NetSuite, BPI and Seda Service Residences. And third is McKinley Exchange, located at the corner of EDSA and McKinley Road, a very prime spot adjacent to the Ayala MRT station. Completed in 2014, this property has 10,687 square meters, fully leased out the Telus International and some amenity retail formats at the ground floor. Outlined are the gross revenues of the 3 properties as of 2018 and September 2019, and their respective land lease periods ranging from 33 to 44 years. Solaris One is valued at PHP 15.8 billion, Ayala North Exchange at PHP 9.1 billion and McKinley Exchange at PHP 1.7 billion based on the third-party appraisal report dated January 24, 2020. And to expand AREIT's building portfolio, it will acquire from Ayala Land, the fourth property, Teleperformance Cebu. The addition of Teleperformance Cebu to the portfolio will increase AREIT's gross leasable area by 11.7% or 171,000 square meters in total. And we believe this transaction shows Ayala Land's commitment to support AREIT over the long term.
  20. AREIT is Established, but with room for growth... And as of year-to-date September, EBITDA already reached PHP 1 billion. ANE's contribution-to-date accounts for 53% of total revenues and 47% of net operating income. And ANE's contribution is expected to increase further, following its completion in the third quarter of 2019. So clearly, AREIT has produced solid financials in the past years, as evidenced by its healthy financial ratios. EBITDA margin has improved from 85% in 2016 to 89% in 2018. Net income margins are also stable and are consistently above 60% since 2016. Liquidity ratios are also favorable, with a minimum current ratio of 3.5x from December 2016 to September 2019. AREIT has not incurred debt, resulting to an asset-to-equity ratio of 1:1 as of end September 2019. Bobby, my next questions are with regard AREIT. And I'd just like to know the rationale of the group by not including the land on the asset? And how did you determine the lease for AREIT to Ayala Land? The lease terms? Well, the land, particularly Makati land, we're not including because the valuation is going to completely change if land were included. So that's why for the Makati assets, we intentionally excluded the land to make sure that the yields continue to be attractive. But for some of the other infusion, like Teleperformance in Cebu, when we do that, that's going to include the land parcel. The land lease to the -- those 3 assets. -------------------------------------------------------------------------------- Bernard Vincent Olmedo Dy, Ayala Land, Inc. - President, CEO & Director [21] -------------------------------------------------------------------------------- Basically, that's going to be the building life. If you look at it, Solaris, I think it has been there for more than 5 years. I think about 7, 8 years already. So that's basically the building life. If we look at the ANE, I think there's about 44 years because it to us about 5 years to construct that project. . . . The REIT is a unique asset class and that it's really meant to provide cash flows through the dividends. The appreciation primarily comes from the growth in the dividends that it will be declaring, so that comes from escalations or future acquisitions of additional assets. The land component isn't that important. If you look at the REITs established around the region, most of them are on a leasehold basis. It's the stabilized asset, the income-generating asset that is important to the REIT. So it is the building itself, not so much the land. As a matter fact, REITs are not really encouraged to develop and take risks. I think there's a limit as to how much development business a REIT can undertake. I think only 10% of its total asset value can be dedicated towards development. So the REIT specializes in stabilized income-generating assets. === Sir, I just read the prospectus, and I noted the lease rate for Ayala North Gate is a bit lower compared to the existing ones in Solaris, like it's PHP 700 per square meter for ANE and PHP 1,300 per square for the BPOs. Sir, am I getting it right that the lease rates at ANE is a lot cheaper than... -------------------------------------------------------------------------------- Bernard Vincent Olmedo Dy, Ayala Land, Inc. - President, CEO & Director [41] -------------------------------------------------------------------------------- Well, Ayala North Exchange is also a newer facility, so you can expect escalations to kick in. It's at PHP 900.
  21. Crescendo, our first estate in Tarlac... ....will feature a 30-hectare downtown area to complement the current commercial center. This 290-hectare estate is only 3 kilometers away from the SCTEX-Luisita Exit, 6 kilometers from McArthur Highway and 15 kilometers from the New Clark City. It will be anchored by a 32-hectare industrial park, a school by Don Bosco Technical Institute and an Avida community. We have committed PHP 8 billion -- PHP 18 billion, rather for the development of this estate, of which PHP 5.5 billion will be spent within the first 5 years. As of December 2019, we have already sold PHP 0.5 billion worth of industrial lots. > https://finance.yahoo.com/news/edited-transcript-ali-ps-earnings-152413093.html / 2 / Estacio said ALI partnered with Don Bosco Tarlac to “deliver quality and holistic education.” He said that by 2022, senior high school will first be offered there. “The TVET Center will operate by 2025,” Estacio said. Meanwhile, some 32 hectares will be allotted for the Cresendo Industrial Park (CIP), which will offer lots from 1,200 sq.m. to 10,000 sq.m. for sale at P6,000 to P9,000 per sq.m. Avida Land will be the first ALI brand to develop a residential village in Cresendo. It is expected to be launched by early 2020. ALI has allocated P18 billion to develop Cresendo, including P5 billion for Phase 1 which will involve the completion of the church, the bopening of Don Bosco senior high school, as well as the development of the residential community, transport terminal and the industrial park. “We believe (Tarlac City) is a next wave city, accessible via land, air and sea,” Estacio said. Located in Barangay Central, Cresendo is near the Subic-Clark-Tarlac Expressway (SCTEX) and MacArthur Highway. It is also near the Clark International Airport and Subic Bay Freeport. The estate’s name takes inspiration from the musical term “crescendo” which means “the highest point reached in a progressive increase of intensity.” > https://www.cresendo.ph/new-downtown-on-the-rise/ Article: ALI hits crescendo of excitement -
  22. AREIT APPRAISALS: "My Quesstimates Follow" Sept. 2019 Appraisal : P 25.565 Bn* Sept. 2020 Mkt.Cap. : P 26.4 B at P25.65 x 1,030M ==== Tang,.BV. : P10.79 x 550 M (53%): 5.93 B IPO price. : 27.00 x 480 M (47%): 12.96 B ======================= : Resale, ALI :(16.21 x 432 M ) (7.00 B ) =============== : 1,030 M ===: 11.89 B = P 11.54 /sh. > source: https://tribune.net.ph/index.php/2020/02/26/thoughts-about-alis-areit/ “AREIT provides investors regular dividend income derived from prime commercial properties, higher than most fixed-income instruments,” Carol Mills, company president, said. AREIT’s portfolio currently consists of three office buildings in Makati City namely the 24-storey commercial building Solaris One, two-tower mixed-use development Ayala North Exchange and five-storey commercial office McKinley Exchange. The company, the first of its kind since the REIT law was enacted in 2009, is also moving to acquire the office hosting Teleperformance Cebu, a business process firm, to bring AREIT’s real estate portfolio to over 170,000 square meters by yearend. Dr.Bubb's Quess-estimates Building name: Stories : # Steps : Floorplate: Floors: Prod. GrLA: Grade: Built: Bubb.Val./sqM / ALI.Val./ sq.M / Solaris One. : 24-storey: 127x69= 2,800 sqm: (24+1) = 70k : 46.6k: Cl. A : 2008: P9,320M 200k/ 15,800M/ 339k/ ANE-1, HQ. : 12-storey: ====== 1,500 sqm : x 12 = 18k : 20.0k: Cl. A : 2019: P5,200M/ 260k / ANE-2, BPO : 21-storey: ======= 1,801 sqm : x 21 = 38k : 36.0k: Cl. A : 2019: P9,360M/ 260k / ===================: ======================= 56k : 56.0k: Cl. A : 2019: 14,560M/ 260k / P9,100M/ 163k/ McKinley Exch.: 5-storey: ======= 2,800 sqm : x 5 = 14k : 14.0k: Cl. A : 2014: P2,380M/ 170k / P1.700M/ 121k/ ==================: ============================ : 116.6k: Cl. A : ==== 26,260M/ 225k / 26,600M/ ==================: ============================ : 116.6k: Cl. A : ==== 1030M= P25.50 (Adding using the cash raised): Teleperf. Cebu: ?-storey: =========================== : 53.4k?? ==================: ========================: 171,000 sq m  A brief history of AREIT. AREIT was formerly One Dela Rosa Property Development, Inc., which was a company vehicle that developed Solaris One. This building is one of the pioneer BPO facilities in the country, when the BPO industry was just beginning in the Philippines. It is located along Dela Rosa Street in Makati and was completed in 2008. 10 years later, on October 2018, AREIT purchased Ayala North Exchange from Ayala Land. This is the first [stack] commercial used development by Ayala Land, which consists of a 3-level retail podium, 2 office towers and a service department on top of the office buildings. NE is located along Ayala Avenue corner Salcedo and Amorsolo Streets. With these 2 buildings, ODR, or One Dela Rosa, amended its Articles of Incorporation and By-Laws, consistent with the REIT regulations. Subsequently, it's name was changed to AREIT. Early this year, AREIT leased McKinley Exchange Corporate Center from Ayala Land, and also signed a Memorandum of Agreement with ALI to acquire a fourth asset, Teleperformance Cebu. This brings the AREIT portfolio to 3 buildings in Makati and 1 in Cebu within the year. Today, AREIT is a company that provides stable yield and opportunities for growth. Its assets are all prime Grade A commercial properties with strong tenant demand. Backed by Ayala Land, it is governed by an experienced management team with a long track record in real estate. Now it has a total of 153,000 square meters of GLA across 3 properties in Makati. This will grow further to 171,000 square meters with the acquisition of Teleperformance Cebu. Average occupancy is 98% with a diversified tenant base, totaling 67 locators across different segments: BPOs, traditional headquarters, service apartments and retail. Its revenues are locked-in through long-term leases ranging from 5 to 10 years. And as of September 2019, revenues reached PHP 1.1 billion and an EBITDA of over PHP 1 billion, a significant growth from 2018 with the addition of assets. Please note that this is reflective of only 9 months income, without the contribution of the third and the fourth assets. AREIT's portfolio consists of Grade A PEZA-accredited properties in Makati. First is Solaris One, a 24-storey building completed in 2008, with 46,700 square meters of GLA. It is 96% leased and has Shell Shared Services and ANZ Global Services as its anchor office tenants. Second is Ayala North Exchange, completed in 2019, with a total GLA of 95,500 square meters. It is 99% leased, housing key tenants such as Concentrix, Oracle NetSuite, BPI and Seda Service Residences. And third is McKinley Exchange, located at the corner of EDSA and McKinley Road, a very prime spot adjacent to the Ayala MRT station. Completed in 2014, this property has 10,687 square meters, fully leased out the Telus International and some amenity retail formats at the ground floor. Outlined are the gross revenues of the 3 properties as of 2018 and September 2019, and their respective land lease periods ranging from 33 to 44 years. Solaris One is valued at PHP 15.8 billion, Ayala North Exchange at PHP 9.1 billion and McKinley Exchange at PHP 1.7 billion based on the third-party appraisal report dated January 24, 2020. And to expand AREIT's building portfolio, it will acquire from Ayala Land, the fourth property, Teleperformance Cebu. The addition of Teleperformance Cebu to the portfolio will increase AREIT's gross leasable area by 11.7% or 171,000 square meters in total. And we believe this transaction shows Ayala Land's commitment to support AREIT over the long term. All the properties provide stable recurring income and steady inflation hedge dividends. This is evidenced by its dividend distributions and net income in the past 4 years, including its stable occupancy rates. Added to this, the lease terms support stability of cash flows and rent revenues. The typical lease period of the office properties range from 5 to 10 years, as I mentioned earlier, with rental rates reviewed periodically based on the current market, and is escalated annually at an average rate of 3% to 5%.
  23. Production news helped GCM, as did the 5%+ jump in GDXJ GCM group ... update: GCM: C$6.73 +0.27, +4.18% / wtB: $4.69, +6.8% / GDXJ: $61.34, +5.5% ==
  24. GRAN COLOMBIA REPORTS AUGUST 2020 GOLD PRODUCTION OF 20,644 OUNCES, UP 14% OVER LAST MONTH Gran Colombia Gold Corp. produced a total of 20,644 ounces of gold in August, 2020, up 14 per cent over last month's production. This brings the total for the first two months of the third quarter of 2020 to 38,755 ounces, up 5% over the same two-month period last year. Gran Colombia's total gold production for the first eight months of 2020 of 143,230 ounces, compared with a total of 155,359 ounces in the first eight months of 2019, reflects the impact of COVID-19 on its mining operations predominantly in the second quarter of this year. The Company continues to expect its 2020 annual production will range between 218,000 and 226,000 ounces of gold. Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company's latest production results, said, "We are pleased with the improvement in our operating results in August. Segovia continues to run steadily and at Marmato, we are beginning to see the benefit of our mine optimization work in the Upper Zone mine on our production results in August now that we have a full complement of workers available to us. We remain vigilant in our COVID-19 protocols to protect the safety of our workers and we are confident that we will meet our production guidance for the year." Gran Colombia processed an average of 1,293 tonnes per day ("tpd") in August 2020 at its Segovia Operations, up from 1,155 tpd last month, with an average head grade of 15.4 g/t. This resulted in 17,901 ounces of gold production in August bringing the total for the first two months of the third quarter of 2020 to 34,359 ounces, up 5% over the same two-month period last year primarily attributable to 7% higher head grades. For the first eight months of 2020, the Segovia Operations have processed an average of 1,242 tpd at an average head grade of 14.7 g/t compared with an average of 1,173 tpd processed during the first eight months last year at an average head grade of 16.9 g/t. Segovia's total gold production for the first eight months of 2020 amounted to 129,082 ounces compared with 138,850 ounces in the first eight months last year and reflects the impact of COVID-19 on its operations from late March through mid-April. At Caldas Gold Corp.'s Marmato mine, operations benefitted in August 2020 from an increased availability of workers and the implementation of action plans to begin to improve mining practices to reduce dilution as outlined in Caldas Gold's recent pre-feasibility technical report for the mine expansion at its Marmato Project. As such, Caldas Gold saw an increase in its daily processing rate to an average of 1,034 tpd in August, up about 23% from last month, with an average head grade of 3.0 g/t, up from 2.2 g/t last month... This brings total gold production for the first two months of the third quarter of 2020 to 4,396 ounces, up 9% over the same two-month period last year. > MORE: https://www.stockwatch.com/News/Item?bid=Z-C:GCM-2962461&symbol=GCM&region=C
  25. GRAN COLOMBIA REPORTS AUGUST 2020 GOLD PRODUCTION OF 20,644 OUNCES, UP 14% OVER LAST MONTH Gran Colombia Gold Corp. produced a total of 20,644 ounces of gold in August, 2020, up 14 per cent over last month's production. This brings the total for the first two months of the third quarter of 2020 to 38,755 ounces, up 5% over the same two-month period last year. Gran Colombia's total gold production for the first eight months of 2020 of 143,230 ounces, compared with a total of 155,359 ounces in the first eight months of 2019, reflects the impact of COVID-19 on its mining operations predominantly in the second quarter of this year. The Company continues to expect its 2020 annual production will range between 218,000 and 226,000 ounces of gold. Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company's latest production results, said, "We are pleased with the improvement in our operating results in August. Segovia continues to run steadily and at Marmato, we are beginning to see the benefit of our mine optimization work in the Upper Zone mine on our production results in August now that we have a full complement of workers available to us. We remain vigilant in our COVID-19 protocols to protect the safety of our workers and we are confident that we will meet our production guidance for the year." Gran Colombia processed an average of 1,293 tonnes per day ("tpd") in August 2020 at its Segovia Operations, up from 1,155 tpd last month, with an average head grade of 15.4 g/t. This resulted in 17,901 ounces of gold production in August bringing the total for the first two months of the third quarter of 2020 to 34,359 ounces, up 5% over the same two-month period last year primarily attributable to 7% higher head grades. For the first eight months of 2020, the Segovia Operations have processed an average of 1,242 tpd at an average head grade of 14.7 g/t compared with an average of 1,173 tpd processed during the first eight months last year at an average head grade of 16.9 g/t. Segovia's total gold production for the first eight months of 2020 amounted to 129,082 ounces compared with 138,850 ounces in the first eight months last year and reflects the impact of COVID-19 on its operations from late March through mid-April. At Caldas Gold Corp.'s Marmato mine, operations benefitted in August 2020 from an increased availability of workers and the implementation of action plans to begin to improve mining practices to reduce dilution as outlined in Caldas Gold's recent pre-feasibility technical report for the mine expansion at its Marmato Project. As such, Caldas Gold saw an increase in its daily processing rate to an average of 1,034 tpd in August, up about 23% from last month, with an average head grade of 3.0 g/t, up from 2.2 g/t last month... This brings total gold production for the first two months of the third quarter of 2020 to 4,396 ounces, up 9% over the same two-month period last year. > MORE: https://www.stockwatch.com/News/Item?bid=Z-C:GCM-2962461&symbol=GCM&region=C
  26. NEWS : Teck's investment at C$1.95 confirms: It's REAL! C$2.40 +0.57, +31% 2020-09-14 08:43 C:KDK 1.83 News Release Kodiak Copper arranges $10.5M financing with Teck 2020-09-08 21:27 C:KDK 1.70 Property Agreement Brixton Metals agreement for Trapper property 2020-09-03 11:20 C:KDK 0.75 News Release Kodiak Copper drills 282 m of 1.16% CuEq at MPD KODIAK ANNOUNCES C$10.5 MILLION FINANCING AND NEW STRATEGIC SHAREHOLDER Teck Resources Ltd. has agreed to make a strategic investment in Kodiak Copper Corp. by way of a private placement. HighlightsKodiak strengthens its shareholder register by adding Teck, Canada's largest diversified resource company, with a 9.9% interest. The investment will provide Kodiak with capital to fund the Company's ongoing work program at its 100% owned MPD copper-gold porphyry project in Southern BC, including an expanded drill program Claudia Tornquist, President and CEO of Kodiak said, "Kodiak is delighted to welcome Teck as a shareholder. We view Teck's investment as a strong endorsement of the MPD project and Kodiak's management. With the proceeds of this private placement we will be able to expand on the momentum of our recent Gate Zone discoveries, and test other porphyry targets across the MPD property through 2020 and 2021." The Placement will consist of 1,038,868 common shares of the Company at a price of C$1.95 per share and an additional 3,013,839 flow-through common shares of the Company are expected to be placed through a charity flow-through arrangement at an average price of C$2.82 per share, (a cost to Teck of C$1.95 per share), for total gross proceeds of approximately C$10.5 million. Following the Placement, Teck will own approximately 9.9% of the issued and outstanding common shares of Kodiak on a non-diluted basis. In connection with the Placement, Kodiak has agreed to grant Teck an equity participation right to maintain its pro-rata ownership in the Company.
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