Minimize

Welcome!

Many key central banks meeting this week, what should we expect?

Cory
March 15, 2021

Ed Moya, Senior Market Analyst at OANDA joins me to look ahead this week to all the central banks that are meeting. We discuss if there will be any surprises and shifts in policy and what we should all be expecting in terms of market moves.

We also have a short discussion on the type of investors that are driving the market. I will continue this theme this week with my guests.

Click here to visit the OANDA website and read over Ed’s daily note. It is a great recap of major news and data points with key market, including gold.

Discussion
17 Comments
    cfs
    Mar 15, 2021 15:15 PM

    Metalla Royalty to acquire Tocantinzinho NSR royalty
    2021-03-15 16:21 ET – News Release
    Mr. Brett Heath reports
    METALLA TO ACQUIRE ROYALTY ON ELDORADO GOLD’S TOCANTINZINHO PROJECT
    Metalla Royalty and Streaming Ltd. has entered into a royalty transfer agreement with Sailfish Royalty Corp. to acquire an existing 0.75-per-cent gross value royalty interest on gold produced and sold from Eldorado Gold’s Tocantinzinho project, located in northern Brazil, for a total consideration of $9-million (U.S.) in cash. All monetary amounts are in U.S. dollars unless otherwise stated.

      Mar 15, 2021 15:53 PM

      We had just been discussing a week or so back that Sailfish royalty was going to merge with another royalty company, or start breaking the company’s royalties up in pieces to the highest bidder. $9 Million on that is a bit low considering it was going to be a long-life asset and that it was going to kick off money for a long time once Eldorado finally made a move on it. It is also interesting that Metalla didn’t used their paper to acquire it, but bought it cash. (likely because Sailfish is going to be sold soon or sell all their assets to rotate into the next venture).

      I’m still curious as to whether Ely Gold may make a move on Sailfish’s 2 Nevada assets, and potentially Nomad or Maverix would want the royalties on Mako’s just starting producing San Albino, Endeavour Silver’s already producing El Compass, and the NSR on Kootenay Silver’s La Cigarra.

        Mar 16, 2021 16:40 AM

        We also had discussed the Crux Investor interview with Sailfish where the CEO mentioned they’d be spinning out their Gavilanes Silver project, that they picked up from Santacruz Silver a few years back. Looks like that is also playing out as mentioned.

        ____________________________________________

        (FISH) Sailfish Announces Appointment of Vice President of Corporate Development and Provides Update on Planned Spinout of Gavilanes Silver Property

        by @newswire on 15 Mar 2021

        https://ceo.ca/@newswire/sailfish-announces-appointment-of-vice-president-of

          Mar 16, 2021 16:45 AM

          I see now that Sailfish only sold a portion of the net smelter royalty on Tocantinzinho, so that makes more sense. Initially I misunderstood that the $9 Million was for the whole NSR and not just .75% of the total 3.5%. That makes more sense, as I thought they had given it away too cheap, but it was just a portion of the royalty.

          __________________________________________

          Sailfish to Monetize a Portion of the NSR on the Tocantinzinho Gold Project for US$9,000,000

          by @newswire on 15 Mar 2021

          https://ceo.ca/@newswire/sailfish-to-monetize-a-portion-of-the-nsr-on-the-tocantinzinho

      Mar 16, 2021 16:47 AM
        Mar 16, 2021 16:09 AM

        +18 – Nice move by Jaguar to monetize that royalty asset they’d retained. Looks like they get the first $7 M upfront, with 2 more payments based on the project meeting certain milestones.

        Metalla is also on the hunt to keep building out a quality portfolio of assets.

    cfs
    Mar 15, 2021 15:18 PM

    Abrasilver drills 103 m of 516 g/t AgEq at Diablillos
    2021-03-15 13:33 ET – News Release
    Mr. John Miniotis reports
    ABRASILVER ANNOUNCES BEST-EVER SILVER INTERCEPT AT DIABLILLOS OF 103 METRES GRADING 516 G/T SILVER-EQUIVALENT AND ADDITIONAL HOLE WITH 14 METRES OF 9.88 G/T GOLD-EQUIVALENT

    cfs
    Mar 15, 2021 15:23 PM
    cfs
    Mar 15, 2021 15:16 PM
      Mar 16, 2021 16:49 AM

      Thanks Wolfster for the update on politics in Peru and how the projected winner in the election is set to target the mining sector. Thankfully, the only exposure I have personally is with the 2 spinout companies from Auryn (before it became Fury Gold) – Tier One Metals and Sobrero Resources (neither of which has officially listed yet, but should be happening over the next few months).

    cfs
    Mar 16, 2021 16:33 AM

    2021-03-16 09:21 ET – News Release
    Mr. Benoit La Salle reports
    AYA GOLD & SILVER INCREASES MEASURED AND INDICATED MINERAL RESOURCES BY 340% AT ZGOUNDER
    Aya Gold & Silver Inc. has updated the mineral resource estimate for its Zgounder silver mine in the Kingdom of Morocco.

      Mar 16, 2021 16:25 PM

      Morocco a far cry from any Kingdom

    cfs
    Mar 16, 2021 16:36 AM
    Mar 16, 2021 16:08 PM

    The Chinese Virus is only starting diss only the start !

      Mar 16, 2021 16:26 PM

      What that supposed to mean?

        Mar 17, 2021 17:40 AM

        All will restart slowly only for Politically Correct People’s ! And dan the next will ( HIT ) We don’t have much time !