Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
2024 Capital Budget of $50.9m, 15 wells in Central Alberta, Simonette, and its northern Clearwater acreage.
Forecast exit 2024 production of 20,250 - 21,250 boepd
$70 - 75 million of 2024 Net Operating Income and $55 - 60 million of EBITDA
Caledonia's Blanket mine lifts its first-quarter output by 6% y/y
https://www.miningweekly.com/article/caledonias-blanket-mine-lifts-its-first-quarter-output-by-6-yy-2024-04-10
James Mufara commented:
"I am excited that I will be joining Caledonia and look forward to working with the talented team to drive operational performance across the group's high-quality portfolio."
A key info the market has not grasped is the life of mine at Blanket has been extended from 2034 out to 2041.
This will be highlighted in the will revised report on resource and reserve soon.
Another key factor is Caledonia maintained their quarterly dividend, goes ex on Thursday, which as the CEO stated "reflects the good start to 2024 and our confidence that the remainder of 2024 will be strong"
Liberum notes the buy rating on a strong start to 2024 at the Blanket mine, and according to the broker in the coming weeks we should also see two potential material catalysts (updated Blanket resources; Bilboes sulphides studies).
https://www.proactiveinvestors.co.uk/companies/news/1044386/caledonia-buy-rating-restored-by-broker-ahead-of-material-catalysts-1044386.html
With gold trading at all time highs I would expect Caledonia Mining to be trading well above £10 per share.
Next quarterly dividend coming up, with ex date 11 April.
Plenty of upside
"Our 2P reserves are valued at over USD 1.0 billion or £0.67 per share, demonstrating the value potential of this portfolio, and the scope for many years of growth from a total shareholder return perspective"
Very good new CEO interview with Zak
Interview: Dan Betts, CEO Hummingbird Resources
Zak Mir
https://on.soundcloud.com/YbYA7rqcy8vMWCRJ9
Really good ti see the tender offer and daily share buyback (40,000 on Friday), results due 19 March also. Could be a short squeeze brewing.
Excellent set of interims, looks like Pan African will hit the top end of the full year Gold production guidance c 190,000oz, and of course as Loots notes, Mintails will return “enormous value” when it starts production.
https://www.otcmarkets.com/financialReportViewer?id=392417
Resolute gold production guidance of 345,000/365,000oz at an AISC of $1,300/1,400/oz.
New presentation
https://www.rml.com.au/wp-content/uploads/2024/01/Q4-2023-Presentation-1.pdf
Hopefully now HUM can focus on substantially increasing production in FY24.
"Group production guidance for FY-2024 of 165,000 - 200,000 oz at an AISC below US$1,500"
https://www.londonstockexchange.com/stock/HUM/hummingbird-resources-plc/company-page
That was a really impressive H1 operational performance from Pan African with Gold production 98koz vs 92koz and AISC below guidance at $1300.
On track with the MTR Project and commissioning of Barberton’s solar PV plant.
Gold over $2,000 and with a low AISC we should be over 20p here.
New investor video presentation on African-focused gold mining company Resolute Mining, CEO Terry Holohan and CFO Chris Eger
https://www.youtube.com/watch?v=CvDhKPzNYmM
RSG well place here with such a strong gold price. Net cash positive and 1 Billion oz Gold production guidance for the next 3 years
I am sure a few US funds and investors will be looking to add a 22% dividend O&G stock to their portfolio.
Here is the link.
Way undervalued here on gold production and the uplift to come in 24.
https://www.edisongroup.com/research/valuation-up-22-2-with-new-gold-price-forecasts/33010/
Berenberg picks Pan African as one of its top 'buys' across the UK-listed gold mining sector:
"The broker also highlighted Pan African resourcesdue to weakness in the South African rand, which should be supportive to the company from a USD cost basis. The company also offers low-cost growth from the Mintails project in SA and is expected to hit operational guidance."
Resolute Mining is an off the radar gem, trading on a positive net cash position.
On gold production volumes of 330,000oz to 340,000oz and a strong gold price there is fantastic free cash being generated here.
Will be some serious divi payments down the line.
New full research note out by Edison on PAF, a very good read, you can access via Research Tree.