Company Updates From Management – Wed 21 Aug, 2019

Anaconda Mining – Diving Into The Q2 Financials and Recapping A Busy July

Anaconda Mining (TSX:ANX & OTCQX: ANXGF) recently released its Q2 financials on the back of which I received a few emails asking for some clarification on the required maintenance. Dustin Angelo, President of Anaconda Mining joined me to address the planned and unplanned maintenance and look ahead to the production estimates for the rest of the year.

We also recap the news events of last month involving Goldboro. The Company acquired new land close to Goldboro, signed a deal with the Native group in the area, and raised money to help continue exploring.

If you have any follow up questions for Dustin or I please email me at Fleck@kereport.com.

Click here to visit the Anaconda website and read over the news releases we dicsuss.


Comments:
  1. On August 21, 2019 at 6:37 pm,
    Excelsior says:

    Thanks guys. Good interview and recap of Anaconda Mining’s strategy for the balance of the year regarding the maintenance needed, the production outlook, and nice to the asset at and around Goldboro continuing to grow.

    • On August 21, 2019 at 7:25 pm,
      Excelsior says:

      Nova Scotia is getting more active again with all the success that Atlantic Gold experienced before being taken out by St Barbara Ltd recently.

      One company I’ve recently taken a speculative punt on is (OS) (OSSPF) Osprey Gold. With a tiny market cap of 2.4 Million and only 47 Million shares out, Osprey could really move on any exploration success this season. They just did a financing and are out exploring for the 2019 season. [fingers crossed]

      Here is the OS Osprey Gold Corporate Presentation from June:

      https://ospreygold.com/site/assets/files/1552/june_2019_osprey_corporate_presentation_v2.pdf

  2. On August 21, 2019 at 6:39 pm,
    Excelsior says:

    Jaime Carrasco – Nobody is in the Precious Metals Sector Yet

    by @PalisadeRadio on 21 Aug 2019

    Dow-Gold ratio, the banking sector, and the potential for Gold and Silver over the next few years.

    https://ceo.ca/@palisaderadio/jaime-carrasco-nobody-is-in-the-precious-metals-sector-yet

  3. On August 21, 2019 at 8:26 pm,
    Excelsior says:

    Investing in Junior Miners as Sector Faces Financing Challenges

    Joe Mazumdar, co-editor of Exploration Insights discusses the challenges of mining exploration companies getting funding through the TSX Venture Exchange, and how investors can better assess these stocks.

    https://www.bnnbloomberg.ca/commodities/video/investing-in-junior-miners-as-sector-faces-financing-challenges~1758947

    • On August 21, 2019 at 8:45 pm,
      Excelsior says:

      Wow! I did not realize until watching the video above with Joe Mazumdar on BNN just how much (CD) Cantex Mine Development was up 2,000%+ this year. Wild!

      http://schrts.co/HsAqSdkh

      ______________________________________________

      To put things in perspective (CD) Cantex is a Silver/Zinc/Lead #explorer that has a Market Cap of over $305 million !!

      (USAS) Americas Silver is a Silver/Zinc/Lead #producer with 2 large mines already in production, and newly acquired Gold asset, from the takeover of Pershing, going into construction with a short ramp to Production as mine #3. It only has a Market Cap of $254 Million

      (TV) Trevali Mining Corp is a Zinc/Lead/Silver #producer with 4 operating mines with a Market Cap only half of Cantex at $155 Million.

      Gotta love a speculative fervor!

      • On August 21, 2019 at 8:54 pm,
        Excelsior says:

        It seems like (CD) Cantex Mine Development is waaaay ahead of itself with a valuation like that in comparison to actual producing Zinc/Silver companies, but definitely one to keep an eye on as the top performing stock on the venture exchange year to date.

        Will it keep climbing or will gravity set in?

        • On August 21, 2019 at 9:59 pm,
          Excelsior says:

          out of some of the Zinc/Lead/Silver explorers there seems to be a large gulf in the valuations:

          – (CD) Cantex Mine Development – Market Cap $305 Million

          – (FWZ) Fireweed Zinc – Market Cap $20 Million
          – (VTT) Vendetta Mining – Market Cap $11 Million
          – (TK) Tinka Resources – Market Cap $49 Million
          – (ZNX) Zinc X Resources – Market Cap $22 Million
          – (CNX) Callinex Mines – Market Cap $3 Million

          • On August 22, 2019 at 4:35 am,
            OOTB Jerry says:

            Thanks………for the review……..again……lot of good stuff there……..appreciate…

          • On August 22, 2019 at 7:20 am,
            Excelsior says:

            Glad to share some comparable metrics on the Zinc/Lead/Silver companies.

            Thanks OOTB

          • On August 22, 2019 at 3:27 pm,
            Dick Tracy says:

            Cantex is way ahead in a large part due to Fipkin, he has almost a cult like following among quite a few investors that have reaped profit on his previous work, like Ekati. DT

          • On August 23, 2019 at 1:08 am,
            Excelsior says:

            Yes, Fipkin is a mining legend (mostly from diamonds I believe), but that still doesn’t account for why a Zinc/Silver explorer has a valuation larger than half the Zinc/Silver producers, and about 10 to 20 times larger than most other Zinc/Silver explorer peers.

            They’ve had some good exploration success, and have some hedgefunds into their stock juicing the numbers, but the valuation just seems to have run a bit ahead of itself. They’d still need to raise a crapload of money to get into construction/production and this would dilute the sharecount down considerably from here.

            However, it is a shinning success story in the base metals space in 2019 and again, hats off to investors that positioned on the ride up in Cantex last year into this year. Very nice to see a run like that on solid work fueled by a speculative frenzy.

      • On August 22, 2019 at 4:32 am,
        OOTB Jerry says:

        2000 percent………..makes you want to look into the stock, but, man that is a lot of incline……..

        • On August 22, 2019 at 5:48 am,
          Excelsior says:

          Yeah, they have a drill program under way, so it could still go higher, but the point I was making above is bloated their valuation is (as an exploration stock with many unknowns), compared to other Zinc/Sliver/Lead explorers (about 10-20 times more in valuation), and even when compared against actual producers with 3-4 mines that have lover valuations.

          It looks to have run in valuation way ahead of itself, so after the incline….. there may be some decline…. Then again it may become a tier 1 asset. It was just shocking as I hadn’t heard much chatter about it in most of the mining blogs, or coverage by many newsletter writers etc…

          • On August 22, 2019 at 6:45 am,
            OOTB Jerry says:

            they call that a “sleeper”………. 🙂
            or everyone is asleep as usual….. 🙂

          • On August 22, 2019 at 7:20 am,
            Excelsior says:

            If it pulls back due to being overvalue it could become a weeper …. 😉

        • On August 22, 2019 at 6:54 am,
          Dick Tracy says:

          Ex, is Brixton Metal’s Thorn property near Goliath’s LuckyStrike. Do you have a map of which mining companies are in The Golden Triangle near Thorn. DT

  4. On August 22, 2019 at 7:20 am,
    OOTB Jerry says:

    Hello……….and Hell on Earth in Brazil………this is not looking good…..
    https://www.zerohedge.com/news/2019-08-22/lungs-earth-are-literally-being-burned-away-unprecedented-wildfires-absolutely
    Sadly, these fires are not going to end any time soon. It is being reported that more than 9,000 fires are raging at the moment, and it is being estimated that 640 million acres have been affected by those fires.

    • On August 22, 2019 at 7:22 am,
      OOTB Jerry says:

      I know that this number is hard to believe, but there have been more than 72,000 wildfires in Brazil so far in 2019, and most of those fires are happening in the Amazon rainforest.

  5. On August 22, 2019 at 7:38 am,
    OOTB Jerry says:

    https://www.youtube.com/watch?v=mGlebRBMa7U&t=133s
    I am posting this again…………….
    Humpty Dumpty…………..Your congress persons……..Dems involve……
    Bill Gates involved…….?….I think so….

    • On August 22, 2019 at 7:42 am,
      OOTB Jerry says:

      BILL GATES………..executor of Jeff Epstein estate…….LOL
      Finally …….exposed….

  6. On August 22, 2019 at 7:54 am,
    OOTB Jerry says:

    GAG Rule must be lifted……… 🙂
    https://www.zerohedge.com/news/2019-08-22/hawkish-shocker-feds-harker-inverts-2s10s-curve-sends-stocks-red
    JUST BS………from a bunch of conmen…..

  7. On August 22, 2019 at 7:59 am,
    OOTB Jerry says:

    Nigel………….this is for you….but, yesterday I left you a late message….
    https://www.traderschoice.net/

    • On August 22, 2019 at 8:11 am,
      OOTB Jerry says:

      The answer to your question might be at….8:19 min mark…..

  8. On August 22, 2019 at 8:35 am,
    OOTB Jerry says:

    MORE GOLD PLEASE……….CHINA LIFTS …partial ban……..
    https://www.zerohedge.com/news/2019-08-22/china-partially-lifts-restrictions-gold-imports
    Good for gold……….

    • On August 22, 2019 at 8:37 am,
      OOTB Jerry says:

      As we reported previously, Chinese customs figures showed the country imported 228 tonnes less gold in May and June – the last month for which data is available – than in the same two months of 2018. By mid-August, up to 500 tonnes less gold had entered China since May than over the same period last year, people in the bullion industry said.
      IMPORTED LESS < Because it is harder to get……..jmo

  9. On August 22, 2019 at 8:35 am,
    Matthew says:

    Frank Giustra: Billionaire Investor says Biggest Gold Bull Market of All Time Starting Now
    https://www.youtube.com/watch?v=Zon_K2AgRyo
    (I agree with Frank.)

    • On August 22, 2019 at 8:42 am,
      OOTB Jerry says:

      Good old Frank,……….juicing the pipeline……..Haiti….trip must have paid off…. 🙂
      But, I have to agree,……. but, we have already knew that……what would anyone expect with QE to the moon…

      • On August 22, 2019 at 8:43 am,
        OOTB Jerry says:

        delete the have……we already knew that….

      • On August 22, 2019 at 8:44 am,
        OOTB Jerry says:

        Thanks to your spot on call on the double bottom in Dec….few years back….

        • On August 22, 2019 at 8:59 am,
          OOTB Jerry says:
          • On August 22, 2019 at 9:01 am,
            OOTB Jerry says:

            The juniors are even cheaper than the producers. This is because, as the price of gold moves higher, value of the gold (or silver) in the ground for juniors with a resource becomes worth even more to potential acquirers, especially juniors who have projects in close proximity to mining companies with operating mines and infrastructure. At some point, larger mining companies will either have to start buying juniors or face being acquired by even bigger mining companies. Assuming the price of gold/silver continues to move higher from here, I believe we’ll start to see a lot more acquisition activity before the end of the year.

          • On August 22, 2019 at 9:02 am,
            OOTB Jerry says:

            From the article………

          • On August 22, 2019 at 9:50 am,
            Matthew says:

            Like Sprott, and probably Guistra, I see no reason to buy the seniors.

    • On August 22, 2019 at 9:42 am,
      Bonzo Barzini says:

      Thanks, Matthew. I agree with Frank too. Now I’m thinking I should sell my SU and COP and buy more silver stocks. Do you own any oils?

      • On August 22, 2019 at 9:48 am,
        Matthew says:

        I own no oils or even base metal stocks at the moment.

        • On August 22, 2019 at 10:27 am,
          Bonzo Barzini says:

          Thanks, Matthew. Frank’s SSPXF is intriguing but is up big today. Do you own any of it?

          • On August 22, 2019 at 10:44 am,
            Matthew says:

            I do not own it. It’s probably up due to the interview. People seem to like buying juniors that billionaires own. That was the case with Brixton Metals and Kootenay Silver recently!

          • On August 22, 2019 at 10:59 am,
            Bonzo Barzini says:

            Yes, I’m sure the interview is boosting SSPXF today, but it is a way to buy gold in the ground very cheaply if you think Guyana is safe.

          • On August 22, 2019 at 12:12 pm,
            Matthew says:

            I agree and sure did not mean to imply anything negative about the company.