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"The more I learn, the more I realize how much I don‘t know." (A.E.) | Always Do Your Own Due Diligence.
Senior-Produzent Goldcorp (GG) erweitert sein Portfolio an hoch qualitativen Goldprojekten in Nordamerika.
Mit der Übernahme von Kaminak Gold (V.KAM) erhält Goldcorp eines der attraktivsten Goldprojekte der Welt, das von einer Junior-Gesellschaft kontrolliert wird. Das Coffee-Projekt glänzt mit einer sicheren Lokalisierung, niedrigeren Förderkosten, einer soliden Ressource und massivem Explorationspotential.
Hier sehen Sie noch ein aktuelles Interview mit Kaminak Gold's CEO Eira Thomas über die Gründe des Verkaufs an Goldcorp:
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 solide kapitalisierte Developer Kaminak Gold (V.KAM) nimmt einen weiteren Branchen-Veteran in das Bord of Directors (BoD) auf:
Kaminak Appoints Richard Williams to the Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 16, 2015) -Kaminak Gold Corporation (TSX VENTURE:KAM) today announced that pursuant to the terms of the financing announced on September 28th, 2015, Kaminak shareholder, Electrum Strategic Opportunities Fund L.P. ("Electrum") has elected to exercise their right to nominate one person to the Company's board of directors, and in doing so, the Kaminak board has approved and appointed Richard Williams to the board of directors effective immediately.
Mr. Williams brings a wealth of global mining experience gained over his 30+ year career in the mining industry and currently serves as the Vice-President, Engineering and Development of NOVAGOLD RESOURCES INC., where he is responsible for all aspects related to the engineering and technical advancement of the Company's flagship Donlin Gold Project in Alaska and Galore Creek Project in British Columbia. Prior to joining NOVAGOLD, Mr. Williams held numerous positions with Barrick Gold Corporation beginning in the late 80's and was most recently Barrick's Project Director, Pueblo Viejo Project, Dominican Republic. Mr. Williams has a Bachelor of Science (Chemical Engineering) from Trinity University, San Antonio Texas and is a member of AIME, SME and CIM. He is also the co-inventor of three US patents associated with Pressure Oxidation technology.
Eira Thomas, Kaminak President & CEO, commented, "We are delighted to be welcoming Richard Williams to the Kaminak Board of Directors. Richard brings 30+ years of mining experience to our Board, having played key technical and corporate executive roles with Barrick on numerous, large scale mining projects at various stages of development around the world. Moreover, in his current capacity as Vice-President of NOVAGOLD, he brings a wealth of northern project development experience that is relevant to Kaminak as we work to complete the feasibility study and transition towards development at our flagship, Coffee Gold project in Yukon, Canada."
NOVACOPPER AND SUNWARD SHAREHOLDERS APPROVE THE ACQUISITION OF SUNWARD BY NOVACOPPER
The acquisition of Sunward Resources Ltd. by NovaCopper Inc. pursuant to a plan of arrangement received overwhelming approval by the shareholders of each company at their respective shareholder meetings held today.
At NovaCopper's special meeting, approximately 99.36 per cent of the shares represented at the NovaCopper meeting were voted in favour of the issuance of common shares of NovaCopper in connection with the arrangement. At Sunward's special meeting, approximately 99.98 per cent of the shares represented at the Sunward meeting were voted in favour of the arrangement. Under the terms of the arrangement, each shareholder of Sunward will receive 0.3 of a NovaCopper share for each common share of Sunward held. Additional information on the results of the meeting will be filed on the SEDAR website.
The arrangement is expected to be completed later this week, subject to court approval and the satisfaction of certain other customary closing conditions.
NovaCopper's Präsident & CEO Rick Van Nieuwenhuyse
Quote:
Konsolidierungen in der Minenbranche setzen sich fort: NovaCopper übernimmt cash-rich Sunward Resources
Long-term, strategisch und finanziell gesehen ein genialer Deal für NovaCopper (TSX:NCQ), der nachvollziehbar den Support von den Weltklassse Aktionären wie Electrum, Gold First, John Paulson und Baupost erhält..
Top-News für die Minenbranche. Ein weiterer legendärer Investor sammelt noch mehr Kapital ein, um sich am Boden zu positionieren..
Electrum Special Acquisition Corporation Announces Pricing of Initial Public Offering
NEW YORK, Jun 11, 2015 (BUSINESS WIRE) -- Electrum Special Acquisition Corporation (the "Company") today announced the pricing of its initial public offering of 17,500,000 units at $10.00 per unit. Each unit consists of one ordinary share and one warrant to purchase one-half of one ordinary share for $5.75 per half share, subject to adjustment.
The units are expected to begin trading Thursday, June 11, 2015 on the NASDAQ Capital Market under the symbol "ELECU." Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on the NASDAQ Capital Market under the symbols “ELEC” and “ELECW,” respectively.
The Company is a blank check company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with, target businesses. Although the Company’s search for a target business is not limited to a particular industry or geographic region, it intends to focus its search on target businesses that operate in the metals and mining industry, with an emphasis on gold and other precious metals. An affiliate of The Electrum Group LLC, a privately held global natural resources investment management company that manages the assets of Thomas S. Kaplan and other institutional investors, is acting as the Company’s sponsor..
Long-term, strategisch und finanziell gesehen ein genialer Deal für NovaCopper (TSX:NCQ), der nachvollziehbar den Support von den Weltklassse Aktionären wie Electrum, Gold First, John Paulson und Baupost erhält.
Dazu ein aktueller Kommentar von CEO.CA - credit to Buddy Tommy Humphreys, der den Deal auf den Punkt bringt:
Consolidation in the junior mining industry continues with NovaCopper proposing to acquire Sunward Resources in an all-share deal valuing Sunward at approximately US $27.6 million, more than double its current market capitalization of about C $13.5 million.
The proposed transaction creates a junior miner with significant projects in Alaska and Colombia, excellent management and very influential backers including John Paulson.
Rick Van Nieuwenhuyse’s NovaCopper (NCQ.TO) controls the Arctic and Bornite deposits located in the Ambler mining district of Alaska, USA. At the Arctic deposit, the company plans to advance the deposit towards feasibility with a US$8-10 million field program this summer.
The acquisition of Sunward will provide NovaCopper with the 100%-owned Titiribi Project in Colombia, which hosts NI 43 101-compliant Measured and Indicated Resource of 4.63 million ounces of gold contained within 285.8 million tonnes grading 0.50 grams/tonne and Inferred Resource of 6.01 million ounces of gold contained within 349.4 million tonnes grading 0.53 grams/tonne. All Titiribi resources were assessed using a cut-off of 0.3 grams/tonne gold. Titiribi also hosts 654.4 million pounds of copper in the Measured & Indicated Mineral Resource and 216.3 million pounds of copper in the Inferred Resource.
Highlights and Benefits of the Combined Company
Strong balance sheet, expected to have approximately US$23 million (C$28 million) in cash upon the closing of the Transaction, significantly de-risking the development of the Ambler mining district;
Sufficient cash to advance the Arctic deposit towards feasibility over an estimated two to three year period, in parallel with AIDEA’s infrastructure development activities;
Sufficient cash to commit approximately US$8-10 million to advancing the Upper Kobuk Mineral Projects during the 2015 field season; and in particular, to complete in-fill drilling of the Arctic in-pit resources, and collection of in-pit geotechnical and metallurgical data. The funds will also be utilized to advance assessment work at the Bornite deposit, specifically to evaluate potential synergies between the Arctic and Bornite deposits which are in close proximity; and
Additional exploration potential of the multi-million ounce Titiribi asset in Colombia.
All of Sunward’s officers and directors support the NovaCopper deal. Additionally, Sunward’s four biggest shareholders, including Gold First Investments Limited, Electrum Strategic Acquisitions LLC and Paulson & Co. Inc., who hold, in aggregate, approximately 70% of Sunward’s issued and outstanding Shares, have agreed to support the deal at a special shareholders meeting to be held in June or July.
Upon completion of the Arrangement, the combined company will be owned approximately 58% by NovaCopper shareholders and 42% by Sunward shareholders.
