Company Updates From Management – Thu 30 Jan, 2020

Minera Alamos – Outlines how the transformation from exploration Company to production Company will progress this year

Minera Alamos (TSXV:MAI, OTCQB:MAIFF) has a big year ahead of itself as the Company just begun contraction of the Santana Gold Mine. With an estimated 6-8 month timeline the Company should be producing gold by Q4 of this year as well as completed ongoing exploration.

Doug Ramshaw, Minera’s President joins me to discuss how this transition will progress throughout the year. We chat about the production metrics of the project as well as the total estimated costs to get into production. Doug also outlines the exploration work that is ongoing.

Click here to visit the Minera Alamos website and read through the full Company presentation.


Comments:
  1. On January 30, 2020 at 7:55 am,
    Excelsior says:

    (MAI)(MAIFF) Alamos Acquires Crushing System to Facilitate Future Production Growth at the Santana Gold Project, Sonora, Mexico

    @newsfile on 30 Jan 2020

    Minera Alamos Inc. (TSXV: MAI) is pleased to announce it has entered into an Equipment Purchase Agreement with Mako Mining Corp., Marlin Gold Mining Ltd. and Oro Gold de Mexico S.A. de C.V. to acquire a complete crushing, screening and agglomeration system for the future growth of the Santana gold project.

    https://ceo.ca/@newsfile/minera-alamos-acquires-crushing-system-to-facilitate

    • On January 30, 2020 at 7:57 am,
      Excelsior says:

      Doug just updated folks over at ceo.ca that they hadn’t officially released this news yesterday when this company update was recorded for the KER.

      @TheGalvanizer – “Short update i provided to Cory Fleck at the Korelin Report yesterday that clearly didn’t take in to account today’s news.”

      https://ceo.ca/mai?45980a2510bf

  2. On January 30, 2020 at 7:59 am,
    Excelsior says:

    Wow! My biggest mover in share price this morning is clearly (OS) Osprey Gold Development — Up 100% on fantastic drill results. Boom!!

    Initial Drill Assay Results at (OS) (OSSPF)Osprey Gold’s Goldenville Project Return 269.15 g/t Gold over 2.0 M

    30 Jan 2020

    https://ceo.ca/@newsfile/initial-drill-assay-results-at-osprey-golds-goldenville

    • On January 30, 2020 at 8:02 am,
      Excelsior says:

      I mentioned several times that Anaconda (ANX) should get on the stick and work on acquiring either Resource Capital Group (RCG) when they were cheap, but they missed that window and the company blew up and is in receivership.

      Then I mentioned they should make a move on (OS) Osprey Gold, while it was still a sleeper due to all the upside potential. Now Osprey is proving just that but they just doubled in price.

      Anaconda needs to quit sleeping at the wheel and start consolidating before other companies beat them to the punch. What is the holdup with making another move at MAE Maritime for example. Get er’ done!!

      • On January 30, 2020 at 7:45 pm,
        Dick Tracy says:

        Everything in the Maritimes moves at a snail’s pace, something that typically should take three months ends up being five years or more, that has always been my experience when I deal with relatives on the east coast. I think this expression started there first,” Slow Down Man You Walk Too Fast”. LOL! DT

        • On January 30, 2020 at 8:46 pm,
          Excelsior says:

          True, the pace is almost glacial…. Well, everything in due time.

    • On January 30, 2020 at 11:19 am,
      Matthew says:

      Although it’s mathematically the same, a much better hit would be 2.69g/t over 200 meters. The stock would be flying.
      Narrow widths are the norm throughout that region.

      • On January 30, 2020 at 8:44 pm,
        Excelsior says:

        Yes, longer intercepts with respectable grade would be better, but many of the drill hits in that area from Osprey, Anaconda, Maritime, Atlantic Gold, etc… have been more narrow width but higher grade.

        Having said that, (OS) Osprey was up over 100% at one point today, and closed up 50% on the day. That’s better than most of the Jr miners on the radar today, so the market was at least responsive.

  3. On January 30, 2020 at 10:25 am,
    b says:

    Your making it sound like anx is a sell.
    Management is a big deal with these JRs.

    A phone conversation might give info.
    Who knows what management has on their minds.

    • On January 30, 2020 at 10:55 am,
      Excelsior says:

      I’m not suggesting Anaconda ANX is a sell, but merely that they had the opportunity to consolidate assets in their area with a huge advantage being a producer with the mill and options to ship ore via truck or barge, but haven’t gone after some of the low hanging fruit (other than the failed merger with Maritime last year).

      Their team is great and has delivered, and the sharks that were running Maritime left and there is a new management team there that may understand the synergies between the 2 companies.

      However, they could have grapped Resource Capital Gold corp for pennies on the dollar and missed the opportunity. They also could have nabbed Osprey Gold when nobody cared, and now they are blowing up on the new discovery.

      I’m thrilled as a shareholder of Osprey, but just feel Anaconda needs a bit more of a sense of urgency on consolidating assets when nobody was paying attention. Once something like this with (OS) happens, now everyone is watching and they won’t get such a deal if they had proposed a takeover.

      I’m hoping they ignored Osprey to get the Maritime deal worked out, but if metals surge higher, then these companies will only get more expensive to try and take over, so ANX needs to get moving.

  4. On January 30, 2020 at 10:38 am,
    David says:

    I held Anaconda for a couple of years. They seemed to have good drill results, were an actual producer, but, the stock didn’t move. I sold it last year. Maybe when the metals move without suppression, Anaconda will move also.

  5. On January 30, 2020 at 11:43 am,
    b says:

    Bob M recommended anx at one time.

    The thing is management is huge for these tiny companies, a good team can take crap and turn it into something good and the reverse, a not so good team can murder a good property.

    From what ex is saying they dont seem to be able to recognize an opportunity, maybe they are stretched already, I really dont know.

    At this point it really doesnt matter to me, I only hold enuff shares to keep an eye on them.

    • On January 30, 2020 at 8:37 pm,
      Excelsior says:

      I do believe the team at ANX is good at operating their small Pine Cover mine and they’ve been doing well exploring Goldboro (their larger development project), but all of it has been rather slow and steady. They had issues with the barge and a dispute which is mostly settled now and Dusting [who I liked as CEO] stepped down reducing that friction. Overall they are a good little producer with some development upside, but their projects are too small to attract much investor interest.

      I was really behind the idea of them acquiring MAE last year, but the deal was blocked with a poison pill financing by the old management team at Maritime. With the new team more receptive, I’d just like to see them get on with it, but you are correct b, maybe they are too stretched their current lower valuation to pull off a transaction and want to wait until they have a higher share price. Ironically, they may need to grow through acquisition to attract enough eyeballs to get the higher share price, so it’s a tricky position to be in.

      There have just been a few opportunities to scoop up other companies on the cheap that they must have passed on for one reason or another, but Resource Capital Gold corp (before going bankrupt) and Osprey Gold (when nobody was really paying attention) would have been easy grabs. Maybe they are holding out all firepower for Maritime, but that idea has been floated around since their last attempt but not a peep. The market is much more receptive to it this time, but granted, last time their shareprice was much higher and their paper was worth more. Maybe they are right to wait for a higher valuation though…. however, the companies they may want to acquire will also have higher valuations, and that runs the risk of another company taking their date to the prom if they wait.

  6. On January 30, 2020 at 11:05 pm,
    Excelsior says:

    Justin Smyth – The Bullish Uptrend for Gold has Much Further to Run

    Palisade Radio – 30 Jan 2020 #AudioInterview

    https://ceo.ca/@palisaderadio/justin-smyth-the-bullish-uptrend-for-gold-has-much-further-to-run

    • On January 31, 2020 at 8:58 am,
      OOTB Jerry says:

      No kidding………….who would think ……lol

  7. On January 30, 2020 at 11:19 pm,
    Excelsior says:

    (ROXG) (ROGFF) Roxgold Announces a Significant Increase in Mineral Resources at the Séguéla Gold Project

    by @businesswire on 29 Jan 2020

    “Total Indicated Mineral Resources increased 7% to 529,000 ounces and Inferred Mineral Resources increased 1,286% to 471,000 oz since Roxgold’s maiden March 19, 2019 Mineral Resource estimate.”

    https://ceo.ca/@businesswire/roxgold-announces-a-significant-increase-in-mineral

  8. On January 30, 2020 at 11:24 pm,
    Excelsior says:

    (EXK) (EDR) Endeavour Silver Updates 2019 Mineral Reserve and Resource Estimates

    by @nasdaq on 29 Jan 2020

    2019 Mineral Reserve and Resource Highlights (Compared to December 31, 2018)

    Silver Proven and Probable Mineral Reserves decreased 7% to 43.9 million ounces (oz)
    Gold Proven and Probable Mineral Reserves remained unchanged at 477,000 oz
    Silver equivalent Proven and Probable Mineral Reserves of 82.0 million oz (80:1 silver:gold ratio)
    Silver Measured and Indicated Mineral Resources increased 6% to 29.0 million oz
    Gold Measured and Indicated Mineral Resources decreased 22% to 226,500 oz
    Silver equivalent Measured and Indicated Mineral Resources of 47.1 million oz
    Silver Inferred Mineral Resources increased 4% to 60.7 million oz
    Gold Inferred Mineral Resources decreased 11% to 287,000 oz
    Silver equivalent Inferred Mineral Resources of 83.7 million oz

    https://ceo.ca/@nasdaq/endeavour-silver-updates-2019-mineral-reserve-and-resource