Unabhängiger Blog über interessante Rohstoff-Stories, spannende Wirtschafts-, Politik- und Finanzthemen, das BIG PICTURE, den Kapitalmarkt, aussichtsreiche Investments, aktuelle und brisante Themen + Trends aus der Rohstoff-, Minen- und Energiebranche, sowie über sämtliche Faktoren, die auf den spannenden Rohstoff-Markt Einfluss nehmen.
"The more I learn, the more I realize how much I don‘t know." (A.E.) | Always Do Your Own Due Diligence.
Die historische Baisse im Rohstoff-Sektor führte dazu, dass die US Mining Jobs 12 Monate in Folge in 2015 gefallen sind - die schlechteste Performance seit 1986:
Nach den ersten 5 Handelstagenin 2016 kann bereits ein historisches Ereignis festgestellt werden: Es gab noch nie eine schlechtere erste Handelswoche im renommiertesten Aktienindex der Welt..
Die historische Angebotsflut lässt den Ölpreis weiter abstürzen. Jetzt geht es auch beim OPEC-Verbund so langsam aber sicher an die Schmerzgrenze von einigen Mitgliedern..
Kaminak Gold (V.KAM) bestätigt mit der heiß erwarteten Machbarkeitsstudie, dass Coffee zu den attraktivsten und robustestenGoldprojekten der Welt gehört. Das Übernahmepotential für die Zukunft erhöht sich weiter, denn solche Art von Projekten mit sicherer Lokalisierung sind global sehr rar geworden..
Kaminak Gold Corporation Announces Positive Feasibility Study Results On Yukon Coffee Gold Project
After-Tax NPV5% of C$455 million and IRR of 37 %; Average Life of Mine Annual Gold Production of 184,000 Ounces and All-In Sustaining Costs of US$550/oz Au
January 6, 2016
Vancouver, B.C. – Kaminak Gold Corporation (“Kaminak” or the “Company”) (KAM: TSX-V) is pleased to announce the results of a Feasibility Study prepared in accordance with National Instrument 43-101 (NI 43-101) for the Company’s 100% owned Coffee Gold Project (the “Coffee Project”) located 130 km south of Dawson City in Yukon Territory, Canada. The Feasibility Study indicates that the Coffee Project represents a robust, rapid pay-back, high margin, ten year open pit mining and heap leach project that works in the current gold price environment. As such, Kaminak intends to move forward into mine permitting to support mine construction, which is planned for mid-2018. The Company is well financed ($28 million as of September 30, 2015) to undertake an aggressive work-plan in 2016 to meet these objectives.
At a gold price of US$1,150/oz and an exchange rate of C$1.00 to US$0.78, the Coffee Project base case estimate (the “Base Case”) generates an after-tax net present value (NPV) at a 5% discount rate of C$455 million and an internal rate of return (IRR) of 37%. The proposed mine will operate over an initial ten year mine-life with average annual gold production in excess of 200,000 ounces for the first five years (excluding the initial 3 month ramp-up period), and average annual life-of-mine gold production of 184,000 ounces. Initial capital expenditure to fund construction and commissioning is estimated at C$317 million, with a life-of-mine capital cost of C$478 million (including C$60 million in closure costs). The all-in sustaining cash costs (as defined per World Gold Council guidelines, less corporate G&A) is estimated to be US$550 per ounce of gold produced. The project is expected to have a significant impact on Yukon’s GDP, generating over $2 billion of gross revenue and contributing 480 permanent, high paying jobs.
Eira Thomas, Kaminak President and CEO commented: “This feasibility study firmly establishes the Coffee Project as one of the world’s best undeveloped gold projects by value and margin that works in the current gold-price environment. The Coffee Project further benefits from being a simple, open pit, heap leach mining opportunity, situated near infrastructure that delivers low all in sustaining costs and pays back capital in under two years”. She further noted, “Kaminak feels privileged to be working in the pro-mining jurisdiction of Yukon where we enjoy strong relations with all levels of government, including our local First Nations, with whom we have worked alongside, collaboratively since 2010.”
Accompanying this news release is a video corporate presentation given by Eira Thomas, Kaminak President & CEO, discussing the Feasibility Study and available for viewing by clicking the following link: https://www.webcaster4.com/Webcast/Page/1369/12606, or by visiting the Kaminak website, www.kaminak.com.
Furthermore, Kaminak is hosting a live Q&A conference call on Thursday, January 7th at 11:00 a.m. Eastern time (8:00 a.m. Pacific time) with the Kaminak Executive and Feasibility Study team. Participants may join the call by dialing toll-free North America (866) 393-4306 or International (734) 385-2616 and providing the company name (Kaminak Gold Corporation) to the operator. A recorded playback of the call will be available two hours after the call’s completion until January 21st, 2016 by dialing (855) 859-2056 and entering the conference ID#: 17824557, and on the Kaminak website.
Coffee Project Feasibility Study Overview
The Feasibility Study was initiated in July 2014 after the release of the Preliminary Economic Assessment in June 2014 and commenced with infill drilling, geotechnical investigations and other fieldwork to support the study. The Feasibility Study was prepared and led by JDS Energy and Mining Inc. (JDS), an established Yukon mine builder, in collaboration with a broad range of industry leading consultants (see Contributors below),
Highlights (all currencies are reported in Canadian dollars unless otherwise specified):
A pre-tax NPV5% and IRR of $762 million and 50% respectively;
An after-tax NPV5% and IRR of $455 million and 37% respectively;
A mine life of ten years with peak annual gold production of 228,000 ounces in project Year 4 and average, steady state, annual gold production of 193,000 ounces (Years 1-9);
2,157,000 ounces of gold mined at head grade of 1.45 g/t Au (Probable Mineral Reserve of 46.4 Mt at 1.45 g/t Au, containing 2.157 Moz Au.);
1,862,000 ounces of gold produced after average metallurgical gold recoveries of 86.3%;
Total cash cost estimated at US$482 /oz Au (including royalties, refining and transport) and an all-in sustaining cost (as defined by the World Gold Council less Corporate G&A) estimated at US$550/oz Au, generating an operating margin of US$600/oz or 52%;
Initial and sustaining capital costs, including contingency, for a 100% owner-operated mine are estimated at $317 million and $161 million (including $60 million in closure costs) respectively; and
A payback of 1.5 years pre-tax and 2.0 years after-tax after the commencement of first commercial gold production;
The Feasibility Study proposes four open pits mined by conventional shovel and truck methods at a nominal ore mining rate of 5 million tonnes per annum for approximately ten years (with Year 1 being the first full year of commercial gold production). A total of 312 Mt of material will be mined to produce 46.4 Mt of ore (strip ratio of 5.7 : 1). Run-of-mine ore will be crushed to a 2-inch feed size and placed on a heap leach pad. Gold will be extracted from the leachate by an Adsorption-Desorption-Recovery (ADR) carbon plant..
Der erfolgreiche Gold-Explorer TerraX Minerals (TSX-V:TXR) startet nach Maß ins neue Jahr.
TerraX verkündet diese Woche weitere Ergebnisse des umfassenden, regionalen Oberflächen-Explorationsprogramms auf dem Flaggschiffprojekt Yellowknife.
Der Gold-Explorer hat mindestens 3 neue, aussichtsreiche Bohrziele auf den riesigen Liegenschaften erfolgreich entdeckt und konnte bereits sehr ansprechende high-grade Gold-Proben entnehmen.
Das spricht für sich und stellt ein weiteres, spannendes Explorationsjahr bereits in Aussicht..
Yellowknife, Northwest Territories - TerraX Minerals Inc. (TSX-V:TXR; Frankfurt:TX0; OTC Pink:TRXXF) has received and interpreted final results from the summer surface exploration program on its Yellowknife City Gold Project ("YCG"), immediately north of Yellowknife in the Northwest Territories. Highlights from this program, which focused on the Core Gold Area, include:
Visible gold in a newly discovered vein approximately 200 m southeast of the Pinto structure (Pinto South). Assays from grab sampling include 108.00 g/t Au, 65.7 g/t Au and 35.2 g/t Au.
Numerous quartz veins in the JED area west of the Barney Shear returned assays of 133.5 g/t Au, 30.4 g/t Au and 20.6 g/t Au.
Mineralization in the felsic portion of the Ryan Lake pluton returned polymetallic assays of up to 12.35 g/t Au, 45 g/t Ag, 3.23% Pb, 1.31% Zn, and 0.53% Mo in separate samples. Assays up to 6.32% Mo had been obtained in this area previously (News Release August 19, 2014).
sampling at the Shear 17/18 intersection that revealed polymetallic veining similar to the Ryan Lake East area reported above. Assay values include up to 4.94 g/t Au, 51.9 g/t Ag, 1.24% Cu and >1.0% Mo (over detection limit assays pending) in separate samples. This sampling expands to the north and east the area of polymetallic mineralization associated with the Ryan Lake pluton.
Three new areas were identified as having alteration, structure and stratigraphy that are similar to the Hebert-Brent area (11.0 m @ 7.55 g/t Au in channel samples and 10.26m @ 3.69 g/t Au in drill hole TNB15-024) (news release November 18th, 2015). With the success of the Hebert-Brent discovery, these areas are priority targets for continued exploration. These three new areas are:
Hebert-Brent Southern Fault Offset - Structural interpretation indicates that the southern extension of the favourable Hebert-Brent stratigraphy (altered mafic volcanics, felsic dykes, gabbros and sediments) is offset approximately 500 meters northeast along the Daigle Lake Fault, a prominent feature extending through the Barney Deformation Corridor. The Southern Offset contains all the favourable rock types, and is transected by mineralized structures that include gold assays up to 19.7 g/t Au in grab sampling. Importantly these samples contain anomalous levels of antimony (up to 188 ppm) and arsenic, which are characteristic of the Hebert-Brent replacement style gold mineralization.
Sericite Zone - Located approximately 1 km northeast of Hebert-Brent the Sericite Zone was first identified as a large (300 m by >500 m zone of intense sericite alteration, similar to alteration identified at Hebert-Brent. The Sericite Zone is a much larger area of alteration (5 times greater in area than Hebert-Brent) and also contains the favourable Hebert-Brent stratigraphy. Sampling in this area has returned spatially extensive low grade gold (up to 1.24 g/t Au), with anomalous silver up to 54 g/t Ag. Sampling in this area has also returned highly anomalous antimony (up to 708 ppm Sb). Favourable geology, alteration, and geochemistry make the Sericite Zone a top priority target for exploration.
Townsite Formation - The Townsite Formation is a package of felsic, intermediate, and mafic volcanics; felsic intrusive; and sediments that has been identified proximal to both the Con and Giant deposits and appears similar to the Hebert-Brent geology. It has its largest areal extent in the Yellowknife camp on the Northbelt property of TerraX's YCG. Here the north-northeast orientation of the main mineralizing system in the Yellowknife Gold Belt intersects the northeast trending Townsite Formation as it abuts the Jackson Lake Formation to the east. The Jackson Lake Formation is equivalent to the Temiskaming Formation in the Abitibi gold belts and, like the Temiskaming, defines the 'Major Break" in the Yellowknife Gold Belt. The Townsite Formation has extensive sericitic and carbonate alteration with associated gold mineralization. Grab sampling in 2015 returned large areas of anomalous gold up to 6.57 g/t Au, base metals (up to 1.00% Cu) and silver (up to 25 g/t Ag). Importantly the sampling in the Townsite has returned highly anomalous antimony (up to 1905 ppm Sb). Surprisingly, this area has received very little exploration attention over the years; TerraX intends to carry out detailed mapping and sampling of the Townsite Formation in the 2016 field season.
Nach einer langen Wartezeit, auf die Kupfer-Junior Desert Star Resources (TSX-V:DSR) keinen Einfluss hatte, gab es jetzt endlich positive News von den Behörden.
Wie der Kupfer-Explorer vor kurzer Zeit mitteilte, wurde von der zuständigen Permitting-Behörde (U.S. Forest Service) grünes Licht für die erste Bohrkampagne gegeben. Mit der ausgestellten Drilling-Genehmigung ist es Desert Star nun erlaubt, an 10 Bohrzielen auf dem attraktiven Copper King Projekt in Arizona aktiv zu werden.
Copper King befindet sich in erstklassiger Lokalisierung in einem aktiven Minenbezirk, u.a. unweit vom Weltklasse Resolution Kupferprojekt entfernt, das von den Branchengiganten BHP Billiton und Rio Tinto zusammen entwickelt wird.
Desert Star plant Mitte Januar mit dem Bohrprogramm zu beginnen und visiert zunächst die Fertigstellung von 2.100 Bohrmetern an. Im Fokus der ersten Drilling-Phase sollen lukrative Porphyr-Bohrziele liegen, die aufgrund positiver geophysikalischer Gutachten identifiziert wurden..
Konstruktiver Move von Desert Star (TSX-V:DSR) in Arizona, die aufgrund der schwerfälligen Genehmigungsprozesse für die anvisierten Bohrprogramme auf Copper King und Red Top (siehe Maps unten) jetzt die Options-Deals mit Eurasian Minerals (TSX:EMX) entsprechend anpassen..
Die schweren Verwerfungen am chinesischen Aktienmarkt halten die Börsenweltweit in Atem. Nach den Turbulenzen von gestern erfolgt heute der nächste signifikante Crash. Der Aktienhandel wird daraufhin nach einer der kürzesten Handelsperioden in der Historie komplett eingestellt..
Here We Go Again: China Halts Trading For The Entire Day After Another 7% Crash
Submitted by Tyler Durden on 01/06/2016 20:25 -0500
*CHINA STOCKS HALTED FOR REST OF DAY AFTER CSI 300 TUMBLES 7%
Happy New Year...
Chinese traders are unhappy:
Circuit breaker may be triggering “herd effect” and intensifying panic, investors may accelerate selling after 1st trading halt as they seek liquidity: Galaxy Sec. strategist Sun Jianbo
“There seems to be considerable anxiety in the mkt with investors selling as a preventive measure,”Shenwan Hongyuan Group director Gerry Alfonso
Investor confidence is on “shaky ground” due to negative factors incl. sharp depreciation in yuan, oil price slump and overnight losses in overseas equity mkts: Central China Sec. strategist Zhang Gang
Threshold being hit too easily in China, adding “liquidity fears” in mkt: Catherine Cheung, Head of Investment Strategy & Portfolio Advisory at Citibank Global Consumer Banking.
Das historische Überangebot in der Ölbranche übt weiterhin starken Druck auf die Preise aus. Brent-Öl fällt heute auf ein neues 11-Jahrestief und steht nur noch gering über dem WTI-Preis..
Die Verwerfungen am chinesischen Devisenmarkt gehen in eine neue Runde. Während der Yuan auf ein neues Mehrjahrestief einbricht, erhöht sich der Spread zwischen Onshore-Yuan und Offshore-Yuan auf ein neues Rekordhoch..
Nicht nur der DAX musste gestern massive Kursverluste hinnehmen, was zum schlechtesten Jahresauftakt in den letzten 25 Jahren führte. Folgend ein informativer Überblick über den negativsten Jahresstart in diversen Aktienindizes seit einer langen Zeit:
Der DAX startet 2016 mit dem schlechtesten Auftakt in den letzten 25 Jahren, insbesondere der jüngste Aktien-Crash in China belastet. Kein gutes Omen..
Following the initial halt in CSI-300 Futures at the 5% limit down level, the afternoon session opened to more carnage and amid the worst 'first day of the year' in at least 15 years, Chinese stocks collapsed further to a 7% crash.At 1334 local time, stock trading was halted for the rest of the day across all exchanges(at least two hours early).
As Bloomberg reports,
Chinese stock trading was halted for the rest of the day after the CSI 300 Index plunged more than 7 percent.
Trading of shares and index futures was halted from about 1:34 p.m. local time, according to data compiled by Bloomberg.
Stocks fell as manufacturing contracted for a fifth straight month and investors anticipated the end of a ban on share sales by major stakeholders.
Under the mechanism which only became effective Monday, a move of 5 percent in the CSI 300 triggers a 15-minute halt for stocks, options and index futures, while a move of 7 percent close the market for the rest of the day. The CSI 300 of companies listed in Shanghai and Shenzhen fell as much as 7.02 percent before trading was suspended.
Not a happy new year...
Dow futures are now down over 150 points from NYE close, Gold and Treasuries are bid, and offshore Yuan has plunged most since the August devaluation.