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Marlin Gold Mining Ltd. (TSXV:MLN) announced strong Q1 2017 production results, near-mine exploration success at La Trinidad and a further debt repayment, all of which we view positively. The company shipped, 18,875 ounces of gold, primarily as a result of the high-grades stacked in Q4 2016. We expect Q2 2017 gold shipments to also benefit from Q4 2016. The company continues to have exploration success near the existing pit, and with continued success may be able to extend the current ~2 year mine-life of La Trinidad. Finally, continued operating success, has provided the company the ability (C$6.7 in cash and refined gold) to repay another US$2 million on its unsecured credit facility, reducing the outstanding principal to US$30 million. We view the results to date positively and continue to expect the company to generate between US$17-19 million per quarter from La Trinidad over the next two years. The company is planning to release a detailed operating plan with Q4 2016 financials in April, at which time we expect to refine our estimates. Additional catalysts include continued near-mine drilling at La Trinidad, ongoing exploration results from Commonwealth and a permitting update from San Albino on which the company has a gold stream - all of which we expect to be positive for the share price. read more
IDM Mining Ltd. (TSXV:IDM) announced it has finalized the Application Information Request (AIR) for its Red Mountain project. This is an important step in the permitting process as the AIR document determines the required contents of the Environmental Impact Statement (EIS). IDM expects to submit the completed EIS in Q2 2017. IDM continues to trade at a discount to peers on a P/NAV basis (0.52x vs. peers at 0.59x) and on a per ounce basis (C$47/oz vs. peers at C$56/oz). We expect the pending drill results and feasibility study for Red Mountain (Q2 2017), coupled with the project’s ongoing de-risking (engineering and permitting), should help close the valuation gap to peers. read more
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Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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