Gold Stocks Set to Gain
May 1, 2019 -- InvestorsHub NewsWire -- Microcap Speculators --
With slowdown concerns and gold prices on the rise, gold stocks
represent an interesting opportunity. So today we are
focusing on gold stocks worth putting on your radar.
The first on our list, Inception Mining, Inc (USOTC:
IMII), which owns and operates a producing mine with
the capacity to produce 1000 tons per day, looks like it may be
heating up. Let’s begin research today.
The 5 Gold Stocks we are highlighting: Inception
Mining, Inc. (USOTC:
IMII), Yamana Gold Inc. (NYSE:
AUY), Hecla Mining Company (NYSE:
HL), McEwen Mining Inc. (NYSE:
MUX) and U.S. Gold Corp. (USAU).
Inception Mining, Inc. (USOTC:
IMII) (Market Cap: $20.223M; Share Price:
$0.3236) announced in March that the company has
completed a National Instrument 43-101 Technical Report that
includes an estimate on its Clavo Rico Project, located in El
Corpus, Departamento Choluteca, Honduras. The Technical
Report has an effective date of 15 March 2019 and can be found on
the company’s website at http://inceptionmining.com/clavorico/43-101-report/.
Highlights of the Report include:
- Economic mineralization at Clavo Rico is contained in three
distinct zones, including an oxide zone, a supergene enrichment
zone, and a sulfide zone.
- Data on 96 recent and historic drill holes totaling 6264 meters
of drill core yielding 2552 assays together with 827 channel
samples collected from historic adits.
- Data on an oxide zone. The oxide zone has been producing since
2015.
- Data on a sulfide zone that was calculated using two different
modeling techniques to reflect geologic uncertainties:
- Data of the supergene enrichment zone
- The conceptual geologic model, supported by field mapping,
production records and both recent and historic drill programs
suggests that significant potential exists to increase the known
mineral resource with additional drilling.
Inception Mining is a producing gold mining company engaged in
the identification, exploration, acquisition and development of
mineral properties. IMII owns and operates the Clavo Rico mine.
Now’s a good time to start your research on IMII.
________
Yamana Gold Inc. (NYSE:
AUY) (Market Cap: $2.097B; Share Price:
$2.19) announced on April 15, 2019 that it has agreed
to sell the wholly-owned Chapada mine to Lundin Mining Corporation
for total consideration of over $1.0 billion. Chapada,
located in the State of Goiás, Brazil, is a copper mine with
additional gold production that was developed by the company and
began production in 2007. Under the terms of the agreement
with Lundin, Yamana will receive cash consideration of $800 million
at closing, additional consideration of up to $125 million based on
the price of gold, a $100 million payment contingent on the
development of a pyrite circuit to optimize the operation, and a
royalty on the adjacent Suruca gold project.
The Sale Transaction provides a significant improvement to the
company's financial flexibility going forward due to annualized
interest savings in excess of $35 million. The up-front cash
consideration of $800 million provides for significant deleveraging
benefits. The improved balance sheet and interest savings
will enable the company to increase its dividend significantly
thereby improving its returns to shareholders and allowing the
company flexibility of further capital returns, including a share
buyback.
Yamana Gold Inc. engages in operating mines, development stage
projects, and exploration and mineral properties primarily in
Canada, Brazil, Chile, and Argentina. The company primarily
sells precious metals, including gold, silver, and copper.
Its principal mining properties comprise the Chapada and Jacobina
mines in Brazil, the Canadian Malartic mine in Canada, and the
Cerro Moro mine in Argentina and the El Peñón and Minera Florida
mines in Chile. The company was formerly known as Yamana
Resources Inc. and changed its name to Yamana Gold Inc. in July
2003.
________
Hecla Mining Company (NYSE:
HL) (Market Cap: $1.014B; Share Price: $2.10)
announced in 1st week of April that it is filing a
National Instrument (NI) 43-101 Technical Report on the Greens
Creek Mine in Alaska and the Casa Berardi Mine in Quebec.
Some of the highlights for the Greens Creek mine include:
- Reserves are calculated at price assumption of $14.50 per ounce
silver.
- The current Proven and Probable Reserve of 107.1 million silver
ounces is the highest since 2008, the year Hecla acquired 100% of
the mine.
- The Life of Mine Plan (LOM) extends production to 2030 without
including any resources.
- Measured and Indicated Resources are 97.4 million silver
ounces.
- Significant exploration potential.
For Casa Berardi Mine, the key highlights include:
- Reserves are calculated at price assumption of $1,200 per gold
ounce.
- Gold Proven and Probable Reserves increased approximately 28%
to 1.91 million ounces.
- Substantial reserve increases occurred in the proposed West
Mine Crown Pillar and Principal pits, Casa Berardi's highest-grade
pits.
- The LOM extends production to 2034 without including any
resources.
- Measured and Indicated Resources are 1.2 million gold
ounces.
- Significant exploration potential.
Hecla Mining Company, together with its subsidiaries, discovers,
acquires, develops, and produces precious and base metal properties
worldwide. The company offers lead, zinc, and bulk flotation
concentrates to custom smelters and brokers and unrefined gold and
silver bullion bars to precious metals traders. It owns 100%
interests in the Greens Creek mine located on Admiralty Island in
southeast Alaska, Lucky Friday mine located in northern Idaho, Casa
Berardi mine located in the Abitibi region of northwestern Quebec,
Canada, and San Sebastian mine located in the city of Durango,
Mexico. It is a leading low-cost U.S. silver producer with
operating mines in Alaska, Idaho and Mexico, and is a growing gold
producer with operating mines in Quebec, Canada and
Nevada.
________
McEwen Mining Inc. (NYSE:
MUX) (Market Cap: $497.068M; Share Price:
$1.38) reported on April 9 consolidated production
for Q1 2019 of 26,789 gold ounces and 703,217 silver ounces, or
36,166 gold equivalent ounces (“GEOs”). McEwen has the goal
to qualify for inclusion in the S&P 500 Index by creating a
profitable gold and silver producer focused in the
Americas.
McEwen Mining Inc. engages in the exploration, development,
production, and sale of gold and silver. It also explores for
copper deposits. The company owns 100% interests in the El
Gallo and Fenix projects located in Mexico, and the Black Fox Mine
and Stock Mill, Grey Fox, and Froome and Tamarack properties in
Canada. It also owns interests in the Fuller,
Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration
properties located in Canada, and a 49% interest in the San José
mine located in Argentina.
________
U.S. Gold Corp. (USAU) (Market Cap: $21.979M; Share
Price: $1.17), a gold exploration and development
company, announced in March, the completion and compilation of
additional district-wide geochemical surveys on the Keystone
project. Commensurate detailed geological mapping has also
been completed with potentially significant new Carlin-type deposit
target characteristic implications. The geochemical data,
combined with earlier gravity and other geophysical survey
assessments, and scout drilling programs to date, have provided the
necessary information to identify, and zero in on, site-specific
discovery opportunities in 2019. Recently, it announced that the
Honorable Ryan K. Zinke has been appointed to the Board of
Directors.
U.S. Gold Corp. operates as a gold exploration and development
company in the United States. It has a portfolio of
development and exploration properties. The company's
properties include the Copper King project, an advanced stage gold
and copper exploration and development project located in southeast
Wyoming; Keystone project, an exploration property on the Cortez
Trend in Nevada; and the Gold Bar North project, a gold exploration
property located in Eureka County, Nevada. It is a publicly
traded U.S.-focused gold exploration and development company.
________
Signed by
Priyanka Goel, CFA
Legal Disclaimer:
This article was written by Regal Consulting, LLC (“Regal
Consulting”). Regal Consulting has agreed to a three-month
term consulting agreement with IMII signed 02/12/2019. The
agreement calls for $25,000 in cash and 10,000 restricted shares of
IMII per month. All payments were made directly by Inception
Mining, Inc. to Regal Consulting, LLC to provide investor relations
services, of which this article is a part of. Regal
Consulting also paid one thousand dollars cash to
microcapspeculators.com to distribute this article. Regal
Consulting may have a position in the securities mentioned in this
article at the time of publication, and may increase or decrease
its position without notice. This article is based on public
information and the opinions of Regal Consulting. IMII was given an
opportunity to edit this article. This article contains
forward-looking statements that are subject to certain risks and
uncertainties that could cause actual results to differ materially
from any results predicted herein. Regal Consulting is not
registered with any financial or securities regulatory authority,
and does not provide or claim to provide investment advice.
http://www.regalconsultingllc.com/full
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SOURCE: Microcap Speculators
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