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By: Dave Kranzler, Mining Stock Journal - 7 November, 2019

Value Play - Fortuna Silver - (FSM, FVI.TO - US$3.07) - Most of the stocks I follow are micro-cap junior "venture capital" plays. However, I'll invest in a larger cap producing mining company if I believe the stock has been sold down irrationally to a price that offers superior upside risk/return potential.

Fortuna was founded in 2005 with a focus on acquiring precious metals projects in Latin America ("Fortuna" was Greek goddess of fortune). One of the co-founders and the current CEO, Jorge Ganoza, is from a Peruvian mining family. FSM currently has two low-cost mines in Peru and Mexico. In 2016 it acquired the Lindero gold project in Argentina, a large open pit, heap-leach gold project that should achieve commercial production in early 2020.
Full Story

By: Jordan Roy-Byrne CMT, MFTA - 4 November, 2019

In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. W concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.”

Fast forward another week and a few positives has morphed into a handful of positives.

First let’s look at GDX... Full Story

By: Gold Resource Corporation - 30 October, 2019

Q3 2019 HIGHLIGHTS

$3.0 million net income, or $0.05 per share
$8.8 million cash and cash equivalents
$40.1 million net sales
$9.3 million mine gross profit
Record gold production of 11,165 ounces
477,297 silver ounces produced
$197 total cash cost per gold equivalent ounce sold, after by-product credits (OMU)
$520 total all-in sustaining cost per precious metal gold equivalent ounce sold (OMU)
$4.2 million gold and silver bullion
$20.6 million base metal by-product credits, or $1,888 per precious metal gold ounce sold (OMU)
$0.3 million dividend distributions, or $0.005 per share for quarter
Nevada Mining Unit’s Isabella Pearl mine reached commercial production levels in September
No ATM share sales since July 30, 2019

Full Story

By: Gold Resource Corporation - 24 October, 2019

Gold Resource Corporation’s CEO & President, Mr. Jason Reid stated, “Dividends have always been an important component of Gold Resource’s corporate philosophy. In July 2010, the Company declared its first monthly dividend distribution the same month its Oaxaca Mining Unit reached commercial production. On behalf of the Company’s Board of Directors, I am very pleased to declare a dividend increase the same month our Nevada Mining Unit declared commercial production as well. Our Company has always embraced the expression ‘earnings are opinion, cash is fact’, and these cash dividends are milestones not many other mining companies ever achieve.” Full Story

By: Gary Tanashian, NFTRH - 21 October, 2019

The bottom line is that while a majority of gold bugs also seem to be inflation bugs, if a global inflation/reflation trade comes about the gold miners are likely to participate and spit out good profits. But at some point players should tune out the cheer leading sure to come in the tradition of the 2003-2008 phase, that pumps unsuspecting and less experienced players with hair-brained theory like last decade’s “oil is going up, driving inflation up, driving gold up… buy gold stocks!”

That stuff actually was promoted and bought in and around 2007. Never mind that oil is a prime cost driver of gold mining operations. Why let reality get in the way of a good story? Let’s keep in mind that this cartoon illustrates the best backdrop for gold stock sector and macro fundamentals. But let’s also keep in mind that some of the best gains for gold stocks can come not as the fundamentals are at their best, but as they degrade. So bring it on, inflation or deflation, but have the proper game plan for whichever backdrop plays out. Full Story

By: Adam Hamilton, CPA, Zeal Research - 18 October, 2019

The bottom line is gold miners’ earnings are likely to soar in their imminent Q3’19 earnings season. Q3s traditionally see big sequential production surges, driving better profits. Mining costs are likely to contract on that, or remain flat at worst. This combined with much-higher prevailing gold prices after gold’s bull-breakout surge will supercharge gold-mining profits growth. That will greatly improve gold stocks’ image.

Speculators and investors alike will take notice of this sector’s best earnings reported in years. They will be much more willing to deploy capital in this small contrarian sector as this gold bull’s future uplegs march higher. Far-better gold-mining fundamentals will justify far-higher gold-stock prices in the coming years. Higher prevailing gold prices work wonders for the gold miners, as their Q3 earnings will prove yet again.
Full Story

By: Gold Resource Corporation - 17 October, 2019

COLORADO SPRINGS, CO, Oct. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) reports record preliminary gold production results for the third quarter ended September 30, 2019 of 11,165 ounces, reflecting the growing gold production impact from its Isabella Pearl mine, located in Mineral County, Nevada. In addition, the Company reports preliminary third quarter production of 477,297 ounces of silver and significant copper, lead and zinc. With the Isabella Pearl project now in commercial production, Gold Resource Corporation has increased its 2019 global annual gold production outlook by 42% to 38,400 gold ounces, plus or minus 10 percent. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $112 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Full Story

By: Jordan Roy-Byrne CMT, MFTA - 15 October, 2019

In the meantime, wait for Gold and gold stocks to get more oversold and approach the key support levels. Better value and new opportunities will continue to emerge.

Use this time to tweak your portfolio and err on the side of buying quality at a discount.
Full Story

By: Jordan Roy-Byrne CMT, MFTA - 9 October, 2019

Ultimately, if a deposit or operating mine has enough size and margin potential with no fatal flaws, then it could be something the industry wants.

Keep an eye on the companies that have performed well recently (and fit this criteria) but are correcting now while digesting their recent gains. The best time to buy the leaders is during a sector correction.

Also, use this time to tweak your portfolio and err on the side of buying quality at a discount. Full Story

By: Gold Resource Corp. - 7 October, 2019

Mr. Jason Reid, CEO and President of Gold Resource Corporation, stated, “I am very pleased to report the Isabella Pearl mine, which broke ground and produced first dore in just ten months, has reached commercial production levels just sixteen months after breaking ground on the project in June 2018. Our team has worked extremely hard these past few months navigating the challenges of mine commissioning, managing construction contractor difficulties and the typical production ramp up of a new mine. I am very excited that during the month of September the Isabella Pearl mine moved into a phase where mining and processing rates and ore placement are now expected to generate positive cash flow on a consistent basis. This is a milestone for any mining project and should have a significant impact on the Company’s overall revenues and net income moving forward.” Full Story


- Above are the latest 10 stock reports. Older reports can be found in our archives. -

 
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