Minera Vamonos

Why I’m long Minera Alamos $MAI.V $MAIFF. An abridged simplified version. Simply put, Minera Alamos is Wesdome 2.0, other than jurisdiction of course. A very similar setup is in front of me once again. The company will be going from small producer to potentially mid-tier in the next few years if all goes according to …

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Minera Alamos Q2 Financial Update

Minera Alamos $MAI.v $MAIFF filed 2Q21 financials. For the quarter, the company earned a net profit of $1.3M mainly due to gain on sale of marketable securities and unrealized gains on same (Prime Mining). Minera spent $277k on exploration and $40k on investor relations. Year to date cash flow statement shows CFOps usage of $4.5M. …

Minera Announces C$10M Bought Deal

Flash Update Minera Alamos (MAI.V) announced this morning a $10M bought deal financing, at .63 CAD, with National Bank. Minera has granted the Underwriter with an over allotment option of $1.5M that will most likely get exercised. There were no warrants as part of this financing. With this move, the company was able to double …

Warren Buffett Buys a Stake in Barrick Gold

Warren Buffett’s Berkshire Hathaway has taken a 20.9M share position in Barrick Gold, according to the most recently filed 13F. https://www.sec.gov/Archives/edgar/data/1067983/000095012320009058/xslForm13F_X01/960.xml. The stock is up 7% after market on the news. Will be interesting to see what this will do to the sector as a whole. “Gold gets dug out of the ground in Africa, …

Minera Alamos Announces Deal for Cerro De Oro Gold Project

Flash Update Minera Alamos out with news this morning acquiring the Cerro De Oro Gold project in Zacatecas, Mexico for upfront payment of $400K cash and 2,000,000 Minera Alamos shares. This deal gives Minera another asset in the development pipeline providing the pathway to its objective of being the “Next Mid-Tier Gold Mining Company” with …

Corvus Gold Announces New Oxide Gold Discovery

Flash Update Corvus Gold (KOR: TSX | CORVF: OTCQX) this morning announced another new oxide Gold discovery 2.5km north of the Mother Lode deposit, with broad intercept of 197m @ .44 g/t. The intercept also included intervals of 44m @ .90 g/t and 20m @ .74 g/t. This development has now opened up another target …

Wesdome Gold Q2 Production Update

Wesdome (WDO:TSX | WDOFF:OTC) just released production numbers for 2Q which totaled 25,142 vs 25,122 in Q1. The production result for the quarter was better than expected as the company previously guided slightly lower Q2 output due to the impact of Covid-19 and the potential for processing lower grade and stockpiles. Eagle head grade came …

Kirkland Lake Q2 Gold Production Update

Kirkland Lake Gold (NYSE: KL | TSX: KL.TO) out with Q2 production. After re-releasing guidance last week after suspending it due to Covid-19, the numbers came as no surprise. Production totaled 329,770. Fosterville had another reliable showing, with grades coming in at 40gpt. Detour grade was a tad lower because KL was running stockpile due …

Integra Resources – A Summer and Fall To Watch

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall. On its recent investor deck, Integra states “DeLamar has what it takes to be a mine. The PEA has demonstrated an economically robust, low cost operation.” This is certainly valid …

Minera Alamos Update on Santana – 🎵 Oh So Smooth 🎵

Minera out with solid news this morning. Another extension at Santana Nico deposit. Hole 141 was 100m SW extension of the last big hole (134) that moved the stock considerably. Hole 141 came in at an impressive 202m of .51 g/t gold hole starting at surface and ending in mineralization (just like hole 134 did …