Centerra Gold Files Technical Report For Mount Milligan Mine
Marketwired – 18 minutes ago
TORONTO, ON–(Marketwired – March 22, 2017) – Centerra Gold Inc. (TSX:CG.TO) today announces that the Company has filed on SEDAR a Technical Report, entitled “Technical Report on the Mount Milligan Mine, North-Central, British Columbia dated March 22, 2017 with an effective date of December 31, 2016. The report was prepared in compliance with National Instrument 43-101 — Standards for Disclosure for Mineral Projects.

The Technical Report supports the disclosure of the mineral reserves and resources for the Mount Milligan Mine contained in Centerra’s news release issued on February 23, 2017. The report also provides further information on the project’s mineral processing and metallurgical testing, recovery, economic analysis and an updated life-of-mine plan.

The Mount Milligan life-of-mine plan outlined in the Technical Report, using a gold price of US$1,200 per ounce, a copper price of US$2.95 per pound and a discount rate of 5%, has an estimated base case project Net Present Value (NPV5) after tax of approximately US$1.16 billion, after accounting for all operating costs and capital expenditures related to the open pit operation as well as the required tax and royalty payments and streaming arrangements.

Gold reached speed line resistance today:

http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=1&dy=0&id=p37726379689&a=511271472

Franco-Nevada Reports Strong Full-Year 2016 Results
PR Newswire – 8 minutes ago
(in U.S. dollars unless otherwise noted)

Guidance exceeded and $110 million agreement to acquire second package of U.S. oil & gas royalties

Franco-Nevada’s CEO, David Harquail, commented: “Our diversified portfolio continues to perform very well. In 2016, we exceeded our recently increased guidance ranges for both Gold Equivalent Ounces1 (“GEOs”) and oil & gas revenues. The growth in 2016 is reflecting the contribution from acquisitions we made during the recent downturn and increased activity by many of the operators on our lands. Franco-Nevada has no debt and is growing its cash balances. We continue to see investment opportunities and Franco-Nevada has just agreed to acquire, for $110 million, oil & gas royalties on the Midland portion of the Permian Basin in Texas, U.S.”

Gold in the short and possibly medium term (1-2yrs) given current conditions has no real reason to continue heading higher or lower. A Weaker dollar or lower real interest rates could off course break this neutral trend… but the fact is the fed is relatively hawkish this year, and we will probably see at least one more rate rise which could put a lid on gold prices moving upwards too quickly, infact more hawkish messages will probably cause the gold prices to overshoot once again on the downside before normalising after the actual rate rise occurs and yellen talks cautiously once more (common theme past couple of years). Inflation also seems to be creeping in (in the data that is) which will put a floor on the gold price, keeping gold to a reasonably neutral level. Moving to the general economy with reference to the UK stockmarket there is definitely weakness in the wider economy with indebtness being the main issue for corporations but even more so individuals. I’ve been analysing sectors outside the mining sector in Europe, and I’ve seen quite a number of sharp drops in share prices due to profit misses especially in the retail sector. I’m talking about ftse 100/250 firms dropping 30-70%+. Growth is becoming ever more sluggish, and the entire cycle after 2008 has only occured due to cheap debt financing but there is only so much you can squeeze from a debt cycle and we are nearing the limits (par going to negative interest rates of course or big inflation). The debt levels are therefore definitely holding back growth, and one risk for gold (which may even be a positive) is if deflationary forces start creeping back in due to the debts, as people reduce spending, and begin winding down their debts especially if they fear future rate rises. However should that happen, the central banks will intervene, because they CANNOT HAVE DEFLATION at least for too long. The system is designed such that deflation is seriously destructive for everyone given debt levels and demographics, so central banks will eventually (LONGER TERM) resort to tools to force inflation and keep us in a slightly negative real interest rate environment, (perhaps lower rates once again, bring back QE, introduce helicopter money etc etc….)….As a whole if I’m taking a 10year view I am absolutely bullish on gold (putting aside tail events like extreme legislation for example confiscation of gold etc…), however in the near term I can make a case for not being bullish on gold and just remaining neutral, which to me seems like a contrarian and therefore more likely view for perhaps (1 to maybe even a few years). If a recession hits during that period gold could rise, unless its a more destructive deflationary recession then it could fall in the near term, central banks would then have to intervene, extreme measures should it be required could then lead to a flight to safety to gold….and gold would move as a fear trade bit like the 70s as central banks start going all in, to reflate the economy whilst keeping rates as low as possible.

Epstein:
https://www.youtube.com/watch?v=jNBY8syuMJk

Off Topic:
The London Attack by Muslim Scum.
https://www.youtube.com/watch?v=c_c6SJNnwMs

Trump knew:

https://www.youtube.com/watch?v=ZcQnchqZhBk

What MainStreamMedia does not often report about Islam, the religion of Peace…..
Just this last month….

Date Country City Killed Injured Description
2017.03.22 Nigeria Muna 13 20 Four suicide bombers attack a refugee camp, killing thirteen people.
2017.03.21 Somalia Mogadishu 10 15 At least ten innocents are claimed by a Fedayeen suicide car bomber.
2017.03.20 Iraq Baghdad 23 45 Two dozen innocents are blown to bits by an ISIS car bomb attack in a Shiite neighborhood.
2017.03.18 Nigeria Maiduguri 4 8 A mother and her two children are among four wiped out by three Religion of Peace suicide bombers.
2017.03.17 Yemen Marib 34 0 Shiite rebels fire two rockets into a Sunni mosque, killing thirty-four during Friday prayers.
2017.03.17 France Paris 2 0 A father and son’s throats are slit by a family member yelling ‘Allah Akbar’.
2017.03.16 Iraq Yarmouk 14 13 ISIS member send rockets into a residential neighborhood reclaimed by security forces.
2017.03.16 Bangladesh Sitakunda 1 0 A young child is blown to bits by a female suicide bomber.
2017.03.16 India South Ukkadam 1 0 An atheist is hacked to death by an angry Muslim over Facebook posts attacking religion.
2017.03.16 Iraq Riyadh 9 0 Nine civilians are executed for trying to flee the caliphate.
2017.03.16 Nigeria Ayati 5 0 A pregnant woman is among five civilians gunned down in cold blood by Fulani terrorists.
2017.03.16 Nigeria Magumeri 1 0 A local cop is killed when Boko Haram attack a small town.
2017.03.16 Thailand Pattani 1 1 Muslim terrorists fire on a pair of elderly siblings, killing the brother and injuring his sister.
2017.03.16 Syria Deir ez-Zor 1 8 Terrorists pound an apartment building with rockets, killing a woman.
2017.03.15 Iraq Wadi Hajar 17 0 Seventeen civilians are kidnapped and executed by the Islamic State.
2017.03.15 Syria Hamadaniyeh 1 3 A woman and three children are among the casualties of a Sunni rocket attack.
2017.03.15 Nigeria Maiduguri 2 16 Four female suicide bombers kill two people in a residential area.
2017.03.15 Syria Damascus 31 102 Thirty-one innocents at a courthouse are reduced to bloody pulp by a Fedayeen suicide bomber.
2017.03.15 Iraq Mosul 4 0 A suicide bomber in a bulldozer plows through a barricade and takes out four.
2017.03.15 Syria Rabweh 8 28 Eight people at a restaurant are taken out in mid-bite by a Shahid suicide bomber.
2017.03.15 Nigeria Borno 3 0 Boko Haram members recite from the Quran as they slit the throats of three hostages.
2017.03.15 Iraq Tikrit 11 41 Religion of Peace advocates set off a car bomb along a street packed with medical clinics.
2017.03.15 India Hyhama 1 1 A minor girl is killed when Lashkar-e-Toiba members open fire on a security patrol.
2017.03.14 Afghanistan Kamarkulagh 1 0 An imam is gunned down in his mosque by Religion of Peace rivals.
2017.03.14 Iraq Hawija 9 0 Children are among nine Iraqis burned alive for trying to flee the caliphate.
2017.03.14 Syria Homs 1 2 Terrorists bomb a bus, killing one passenger.
2017.03.13 Thailand Raman 1 0 Two Muslim terrorists walk into a grocery and shoot the 47-year-old owner to death.
2017.03.13 Iraq Mosul 8 5 Children are among the casualties of an ISIS bomb blast.
2017.03.13 Bangladesh Dinajpur 2 0 A Sufi leader and his teen daughter are hacked to death by Sunni fundamentalists.
2017.03.13 Somalia Mogadishu 1 2 One other person is left dead after a suicide bomb blast.
2017.03.13 Somalia Mogadishu 13 14 A Shahid suicide bomber detonates in front of a hotel, claiming thirteen innocents.
2017.03.13 Afghanistan Kabul 1 19 A woman loses her life when Taliban bombers target a bus carrying telecom workers.
2017.03.13 India Pulwama 1 0 A villager is abducted and killed by Islamic extremists.
2017.03.13 Mali Fafa 4 2 A Jihadist attack leaves four dead, including civilians.
2017.03.12 Tunisia Kebili 1 3 An imam is among four radicals who ambush a police car, killing one member.
2017.03.12 Syria Daraa 1 3 Jabhat al-Nusra members murder a civilian.
2017.03.11 Afghanistan Nawshar 8 0 A religious extremist poisons, then shoots eight local cops.
2017.03.11 Nigeria Mkgovur 10 3 Fulani terrorists raid a village, hacking and shooting innocent people.
2017.03.11 Syria Damascus 74 120 A suicide bombing is one of two blasts targeting and killing over seventy Shiites.
2017.03.10 Iraq Wadi Hajar 18 43 ISIS unleashes a vicious rocket bombardment on a residential neighborhood, taking out over eighteen civilians.
2017.03.09 Thailand Muang 1 0 A man on a motorcycle is ambushed and killed by Muslim terrorists.
2017.03.09 Iraq Tajiyat 1 3 A civilian is disassembled by Jihadi bombers.
2017.03.08 Afghanistan Kabul 50 63 Following a suicide blast, fifty people at a hospital are massacred by Islamic gunmen disguised as doctors.
2017.03.08 Kenya Lamu 1 5 Islamists kill a Kenyan border guard with an IED.
2017.03.08 Iraq Hajjaj 30 26 Dozens of people at a wedding party are shredded by two suicide bombers.
2017.03.08 Pakistan Baba Kot 1 0 A Hindu woman is hacked to death with an axe.
2017.03.08 Egypt al-Arish 2 4 A fundamentalist bomb blast at a checkpoint claims the life of twopolicemen.
2017.03.07 Afghanistan Kabul 1 0 A magnetic bomb placed on a civilian car kills one.
2017.03.07 Saudia Arabia Qatif 1 0 A security officer is killed by sectarian extremists.
2017.03.07 India Madhya Pradesh 0 10 ISIS members set off a bomb at a train station.
2017.03.07 Syria Deir Ezzor 14 0 At least fourteen Syrians are killed during an ISIS attack on a cemetery.
2017.03.06 Afghanistan Achin 4 5 Islamic supremacists massacre four local cops.
2017.03.06 Iraq Yarmouk 50 0 A mass grave containing fifty victims of ISIS execution is discovered.
2017.03.06 Iraq Kirkuk 8 0 Eight civilians are executed for helping families flee the caliphate.
2017.03.06 India Roorkee 1 0 A 23-year-old woman is strangled by her own mother and sisters on suspicion of sexual activity.
2017.03.06 Iraq Mosul 4 29 Four civilians choke to death during an ISIS gas attack.
2017.03.05 Niger Wanzarbe 4 0 Jihadists murder four police officer.
2017.03.05 Pakistan Kohat 2 0 Two men are honor killed by their respective in-laws for ‘bringing shame’ to the family.
2017.03.05 Iraq Daquq 20 0 The bodies of twenty Kurdish victims of the Islamic State are found in a mass grave.
2017.03.05 Pakistan Mohmand 5 0 Tehreek-e-Taliban members attack several checkpoints, killing five security members.
2017.03.05 Syria Aleppo 15 32 At least fifteen people are killed by two suicide bombers.
2017.03.05 Mali Boulekessi 11 5 Jihadists ambush a local security convoy and massacre fifteen soldiers.
2017.03.05 Yemen Sinjibar 6 0 al-Qaeda members open fire along a city street, taking down six people.
2017.03.05 Afghanistan Kunduz 6 0 Six Afghan security personnel are machine-gunned by Sunni hardliners.
2017.03.05 Iraq Mosul 43 0 Forty-three people are executed for violating rules in the Islamic State.
2017.03.04 Afghanistan Faryab 1 1 One local cop is killed by Taliban bombers.
2017.03.04 Syria Safsafia 3 2 Three children are disassembled by a Jabhat al-Nusra rocket.
2017.03.04 Pakistan Shabqadar 1 0 Sharia activists assassinate a secular lawyer.
2017.03.04 Iraq Baghdad 6 0 Fundamentalists gun down six at a brothel, including four women.
2017.03.03 Thailand Muang 1 0 A local man is shot to death in front of his house by suspected Muslim ‘insurgents.’
2017.03.03 India Muran 1 6 A civilian is killed when Islamic extremists toss a grenade into the street.
2017.03.03 Nigeria Maiduguri 2 0 Two girls, used by a suicide bomber for cover, are blown apart in the blast.
2017.03.03 Burkina Faso Kourfayl 2 0 Two people are killed when Ansar Islam members fire into a school for not teaching the Quran.
2017.03.03 Afghanistan Achin 2 0 Two men are beheaded by the Islamic State.
2017.03.03 Pakistan Talib Chandio 1 0 A 21-year-old mother is honor killed over suspected ‘illicit relations’.
2017.03.02 Iraq Anbar 2 0 Two civilians are shot to death by ISIS.
2017.03.02 Somalia Mahaday 3 2 Three security personnel on patrol are killed by al-Shabaab bombers.
2017.03.02 Thailand Rueso 4 2 Two women and an 8-year-old are among four Buddhists killed when Muslim ‘insurgents’ fire into a family vehicle.
2017.03.02 Syria Damascus 1 0 A refugee is forced to his knees and shot in front of a crowd by the Islamic State.
2017.03.01 Saudi Arabia Riyadh 2 0 Police beat two cross-dressers to death with sticks.
2017.03.01 Nigeria Mbahimin 3 0 Fulani terrorists butcher and pull the eyes out of three Christians.
2017.03.01 Iraq Baghdad 2 6 Two marketplace bombings produce two dead civilians.
2017.03.01 Afghanistan Kabul 22 120 Two suicide attacks leave twenty-two Afghans in pieces.
2017.02.28 Iraq Shuhada 1 4 Jihadis bomb a soccer field, killing one of the onlookers.
2017.02.28 Iraq Tayaran 31 0 Thirty-one people from three familes are destroyed by a barrage of ISIS mortars.
2017.02.28 Afghanistan Lashkar Gah 12 0 A dozen police officers are assassinated at their checkpoint by Taliban armed with silenced weapons.
2017.02.28 Pakistan Peshawar 1 1 A border guard is cut down by the Taliban.
2017.02.28 Somalia Mogadishu 1 0 al-Shabaab militants assassinate a local official by planting a bomb under his car.
2017.02.28 Iraq Mosul 1 0 A 60-year-old woman is taken out by an ISIS IED.
2017.02.27 Somalia Buq-Aqable 2 0 Two men are brutally executed for ‘waging war on Allah’.
2017.02.27 Egypt Rafah 1 0 A youth is burned alive after having his eyes gouged out by Islamic fundamentalists.
2017.02.27 Iraq Baghdad 3 4 A husband and wife are among three Iraqis wiped out by Mujahid bombers.
2017.02.26 Iraq Khalaf 2 0 Jihadi bombers pick off a mother and daughter trying to flee the caliphate.
2017.02.26 Syria Damascus 1 17 A woman bleeds to death after being opened up by Sunni shrapnel.
2017.02.26 Iraq Sahaji 12 38 At least a dozen civilians are felled by ISIS landmines as they try to flee the caliphate.
2017.02.26 Pakistan Dera Ismail Khan 3 0 Three Shiites are gunned down by sectarian extremists.
2017.02.26 Philippines Sulu 1 0 A 70-year-old German hostage is beheaded by Abu Sayyaf.
2017.02.26 Thailand Nong Chik 1 0 Suspected Muslim terrorists shoot a civilian on his way home.
2017.02.25 Iraq Mosul 1 1 An ISIS IED takes out a female journalist.
2017.02.25 Iraq Mazraa 4 0 A family of four is exterminated by an Islamic State member.
2017.02.25 Iraq Baiji 1 0 A civilian is blown up after a suicide bomber runs up and hugs him.
2017.02.25 Iraq Bani Saad 2 0 Two brothers are shot to death by terrorists.
2017.02.25 Syria Homs 42 24 Two Religion of Peace suicide blasts leave at least forty-two mangled and charred corpses.
2017.02.25 Afghanistan Faryab 1 16 A Taliban bomb blast at a market leaves one dead.
2017.02.25 Afghanistan Zawzjan 11 0 A woman and ten police officers are machine-gunned outside a mosque by Sharia hardliners.
2017.02.24 Iraq Khalis 4 9 Suicide bombers take out four civilians.
2017.02.24 Iraq Trebil 15 0 Fifteen border guards are massacred by an Islamic State suicide bomber.
2017.02.24 Afghanistan Girishk 2 3 A Fedayeen suicide car bomber takes out two Afghans.
2017.02.24 Syria Sousian 60 42 At least sixty people are blown apart by a Shahid suicide bomber as they are lining up for housing permits.
2017.02.24 Syria al-Bab 8 0 A planted car bomb kills eight.
2017.02.23 Iraq Baghdad 1 5 Jihadis bomb a fish market, killing one patron.
2017.02.23 Cameroon Wouro Dole 1 2 At least one other person is killed by an 11-year-old suicide bomber.
2017.02.23 India Hajin 4 2 A woman is among four killed by Islamic gunfire.
2017.02.23 Bangladesh Mymensingh 1 0 Jama’atul Mujahideen gun down a guard transporting jailed Islamists.
2017.02.23 Niger Interzawane 15 19 Islamic extremists ambush and kill fifteen local soldiers.
2017.02.23 Iraq Mosul 4 3 Four people lose their lives when ISIS launches a mortar round into an airport.
2017.02.23 Egypt al-Arish 1 0 Jihadists murder a Coptic man and set his home on fire.
2017.02.23 Malaysia Kuantan 1 0 A transgender florist is hacked to death by religious conservatives.
2017.02.22 Iraq al-Root 2 5 Two women are reduced to pulp by caliphate bombers.
2017.02.22 Pakistan Pandyali 1 1 Islamists plant a bomb outside a man’s home which kills him and leaves his wife gravely injured.
2017.02.22 Egypt al-Arish 2 0 A Christian man is shot to death and his son burned alive by Islam proponents.
2017.02.22 Afghanistan Janikhel 3 19 A woman is among three civilians killed when the Taliban bomb a market.
2017.02.22 Afghanistan Alasay 4 0 A Taliban rocket wipes out four people in their own home.
2017.02.22 Iraq Mosul 5 0 Five civilians are killed by the effects of explosives dropped from ISIS drones.
2017.02.22 Nigeria Gajiram 7 0 At least seven members of a security patrol are ambushed and killed by Boko Haram.
2017.02.21 Philippines Baguan Island 1 7 Abu Sayyaf pirates attack a commercial ship, killing one crew member and abducting seven more.
2017.02.21 Iraq Baghdad 7 12 Seven people are aerated by Mujahideen shrapnel in a shopping district.
2017.02.21 Iraq Karbala 2 0 Two Shiites are beheaded by a Sunni extremist group.
2017.02.21 Iraq Mosul 1 0 A captive is beheaded by the Islamic State.
2017.02.21 Pakistan Charsadda 7 21 Fedayeen suicide bombers storm a sessions court, killing at least seven.

Commonsense from Nigel Farage:

https://www.youtube.com/watch?v=IYzvmgZFL0M

Excellon Reports 2016 Annual and Fourth Quarter Financial Results and Update on Optimization Plan
Thu March 23, 2017 – Excellon Resources Inc. (EXN) (EXLLF)

2016 Corporate and Operational Highlights

> Advanced implementation of optimization plan at Platosa, with aim of doubling productivity and halving costs during 2017 — optimization plan in final implementation phase, with dry mining conditions expected during Q2 2017
> Successful financings provided capital for optimization plan and $5 million exploration program at Platosa and addition of key new shareholder, Eric Sprott
> Closed sale of DeSantis Property in Timmins, Ontario in Q2 2016 for shares of Osisko Mining Corporation that have gained +300% since closing of the transaction
> Key exploration results near mine infrastructure include 13 metres of 662 g/t Ag, 4.9% Pb, 25.5% Zn and 0.57 g/t Au and 3 metres of 795 g/t Ag, 9.25% Pb and 25.85% Zn
> Positive initial court resolution from Agrarian Tribunal of litigation with the Ejido La Sierrita
> Negotiated improved offtake terms for 2017 with approximately 60% reduction in treatment and refining charges
>Addition of key expertise to management team with appointment of Vice President Technical Services, Denis Flood, Vice President Geology, Ben Pullinger, and Vice President Corporate Responsibility, Dr. Craig Ford
> Addition of highly-regarded board appointees, Dr. Laurie Curtis and Daniella Dimitrov

* 2016 Financial Highlights

> Revenue of $17.0 million (2015 – $16.2 million)
> Production of 1.3 million silver equivalent ounces (2015 – 1.4 million AgEq ounces)
> Sales of 1.1 million AgEq ounces payable (2015 – 1.3 million AgEq ounces payable)
> Mine operating earnings of $0.7 million (2015 – loss of $2.5 million)
> Approximately 83% of tonnage mined during 2016 was from outside mineral resources, resulting in minimal depletion of Platosa mineral resources during the year

http://seekingalpha.com/pr/16779243-excellon-reports-2016-annual-fourth-quarter-financial-results-update-optimization-plan

I dunno, this feels an awful lot like early January 2016 in the miners to me. Recall that they got absolutely slammed prior to bottoming.

Since absolutely nothing ever comes easy in this damned sector, I expect there to be an epic flush before a bottom. I think silver and silver miners could really get hit. Hopefully they reverse just like in mid January.

Hope I am wrong on this, but this seems to be par for the course. There are just too many people still waiting for this sector to deliver them to the promised land for us to expect huge rallies without a serious plunge. Again, hope I am wrong.

Can anyone make sense of the CoT for silver? The commercial net short positions are not that far off all time highs (see august-sept ’16), yet open interest is much lower.

http://snalaska.com/cot/current/charts/SI.png

Does this really look like a level from which we can build a sustainable run $2-3 higher?

Osisko Mining drills 5.8 m of 15.6 g/t Au at Windfall

2017-03-22 08:08 ET – News Release

Mr. John Burzynski reports

OSISKO INTERSECTS 15.6 G/T AU OVER 5.8 METRES AT WINDFALL

Osisko Mining Inc. has released new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in Urban township, Quebec. The current 400,000-metre drill program combines definition drilling above the Red Dog intrusion, expansion drilling above and below Red Dog, expansion drilling to the northeast of the main deposit, and exploration drilling on the greater deposit and Urban-Barry project area. New analytical results from eight drill holes focused on infill and expansion drilling in the Caribou corridor are reported in this release, with significant assay results presented in the associated table.

Significant new results include: 15.6 grams per tonne gold over 5.8 metres in OSK-W-16-766-W1 in a new mineralized zone discovered in the main Caribou corridor; 15.0 g/t Au over 3.5 metres in OSK-W-17-778; and 7.21 g/t Au over 6.5 metres in OSK-W-17-787 in the newly confirmed Caribou extension. Maps showing hole locations and full analytical results are available at the company’s website.

http://etfdailynews.com/2017/03/23/get-ahead-of-golds-price-recovery-with-gold-mining-etfs/

Doc, Jim Rogers is saying he thinks that gold will drop to $1000 or slightly below before it can begin its bull market and that silver will likewise drop. He believes that a 50% correction is needed before it can have a bull market and that hasn’t happened yet. What is your opinion of what Rogers thinks?

https://jimroger.blogspot.com/

Off Topic:

It was nice to hear The Mayor of London condemn the London Attack. *

* This should be listed under “Fake News”, because the Mayor, Sadiq Khan, was silent.