Silver X expanded its Red Silver drill program from 1,200 to 6,650 metres after channel sampling returned up to 735 g/t Ag over 65 metres.
The two-phase program aims to grow the Mineral Resource and increase geological confidence.
Read the full news release: https://t.co/Kb0dpgslDw
TSXV: #AGX | OTCQX: #AGXPF | FRA: #AGX
#SilverXMining #RedSilver #NuevaRecuperada #SilverMining #PeruMining #Exploration #Huancavelica
We recently interviewed CEO George Salamis and VP Corporate Development Jason Banducci of @IntegraResource $ITR $ITRG, a gold producer and developer in the Great Basin. We discussed the acquisition of Florida Canyon, ongoing optimizations, exploration and potential to extend the mine life, as well as future production and cost profile. We also discussed both of its development assets DeLamar and Nevada North, of which DeLamar is in the permitting phase and will later this year release a feasibility study. We also talked capital allocation priorities and George's vision for the company. Tune in!
/ Investor Presentation /
0:00 - Introduction to Integra Resources
1:54 - Overview of Integra
3:25 - Management
4:53 - Overview of Assets
6:59 - Capital Structure and Financial Position
7:26 - Florida Canyon
11:07 - DeLamar
13:58 - Nevada North
15:11 - Peer Comparison and Valuation
16:24 - The Investment Case in Short
/ The People, M&A and Financial Position /
16:51 - CEO George Salamis
17:56 - CEO George Salamis' Equity Stake
18:29 - History of Integra Resources
19:38 - Rationale for M&A Transactions
20:55 - Thoughts on M&A Going Forward
22:30 - VP Corporate Development and IR Jason Banducci
23:34 - Financial Position
25:21 - Corporate G&A
25:33 - P/NAV and Valuation
/ Florida Canyon /
29:17 - Q2: Key Figures and Takeaways
30:11 - Tracking of Production and Cost Guidance 30:25 - Improvements and Optimizations at Florida Canyon
31:39 - Long-Term AISC
32:56 - Phase IIIb Leach Pad Expansion
33:37 - View on Expansion Potential at Florida Canyon 34:17 - Ways To Increase Mine Life Through Exploration
36:33 - Breakdown of 16,000 m Drilling Program
37:34 - Grade of Waste Dumps
37:51 - Potential for Mine Life Extension
38:22 - Inferred Resources
39:05 - Mining the Sulfide Resources
39:54 - Capex in the Coming Years
/ DeLamar /
42:11 - Changes in Upcoming Feasibility Study for DeLamar
44:45 - Construction Period
45:27 - Relationship Agreement and its Impact
46:57 - Permitting
48:06 - Greatest Risk With DeLamar
48:45 - Financing Alternatives
/ Nevada North /
49:59 - Overview of the Nevada North Project
52:33 - Exploration Plan of Operations
53:57 - 12-Month Work Plan for Nevada North
54:48 - Long-term Plan for Nevada North
/ Capital Allocation and Vision /
55:33 - Key Capital Allocation Priorities
56:14 - Exploration Portfolio
56:50 - Three-Year Vision For Integra Resources
GSD Friday Recap,
AU: $3758 ($3684 - Last Week)
AG: $45.99 (43.01)
HUI: 604 (577)
DXY: 98.1 (97.3)
S&P: 6643 (6664)
10-Yr: 4.17% (4.122%)
Oil: $65 (62)
Wow, what a week for gold and silver. Gold has been leading all year, and is now up 44% Y-T-D. Silver has decided to play catch up, and is now up 59% for the year. The GSR is down to 81. You can expect that to continue to squeeze.
Is this run in gold and silver getting tired? Not a chance. Sure, we will get a correction once the S&P decides to roll over, but don’t expect that correction to slow gold’s mojo. My guess is that any correction in gold will be short-lived, and then we keep trending higher, all the way to $5,000 and beyond.
The floor in gold and silver has clearly risen. Prior to this week, I had the floor around $3200 for gold and $34 for silver. I’m raising those to $3300 and $35. While those are my floor targets, we don’t have to touch them. I do remain concerned for the potential for a somewhat deep correction when the S&P finally stops rising.
As gold/silver miner investors, the best scenario is unfolding. The last shoe to drop is for the S&P to stop rising. That is when trillions of dollars on Wall St looks around for somewhere to make money. The miners will stand out and become impossible to ignore. That’s when we win.
As fun as this rally has been, I’m not happy yet. I want the prize. I want the HUI to get above 1500 and then potentially trend to 2000. That will only happen after the S&P stops rising. So, that is the final battle that we have to win. Amazingly, that could happen very soon. In fact, at any moment. We are very close. That is what silver is telling us. Get ready!
Has the train left the station? Nope. Stocks are still cheap. Look at 1911 Gold and Talisker Resources. I can see that they are cheap, but Wall St hasn’t figured it out yet. Those are only two examples. I found 26 at Beaver Creek. We are still early. But the train is clearly blowing its whistle. Get on board and ride the train, and don’t even think about getting off until the bull market in the HUI is mature. That would be around 900.
You may be thinking, but I don’t want to experience a 20% correction in my portfolio. If this is a bull market, it won’t matter. They won’t be able to keep gold down. It will correct and then bounce right back and go higher. So, ride the train and buy the dips.
$SCZ has made the final US$15M payment to @Glencore, completing the US$40M Acceleration Option and Base Purchase Price for our Bolivian asset acquisition.
🔗 Read the full Sept 4th update: https://t.co/fxeOSSbRMl
@SantacruzSilver was not on either of my Beaver Creek posts. It could have made the Top 10 and definitely the Honorable Mentions list.
The three silver stocks that are well-positioned for big moves are Guanajuto (@GSilver_co), Santacruz Silver, and Silver X (@Silver_X_Mining). If silver rips to $60 in the next 12 months, these three should all do extremely well.
@Silver_X_Mining released a strong PEA today to expand production from 1M oz AGEQ to 6M oz. The capex is only $82M and the AISC is only $16. Very impressive. Very exciting.
https://t.co/fL8Tl1Nncx
Silver X Announces Positive Expanded PEA with After-Tax NPV 5% of US$440M; IRR 69% and Reports Updated Mineral Resource Estimate
Full news release: https://t.co/ilc1r698vS
TSXV: #AGX | OTCQB: #AGXPF | FRA: #AGX#SilverXMining#Silver#PEA#MiningStocks
@shinystocks I was in early, which caused some pain. I currently have the advantage that my portfolio is 40-50% in positive territory and nothing has actually happened yet.
Walker Lane Resources Receives TSX Approval for the Acquisition of Three Mineral Properties in the Walker Lane Gold Trend in Nevada from Silver Range Resources and Auburn Gold $WLR.V https://t.co/YUcXBqPIVS