Showing posts with label McEwen Mining. Show all posts
Showing posts with label McEwen Mining. Show all posts

Monday, August 17, 2015

Energy And Precious Metals Royalty Company: TNR Gold Holds 2015 Annual General Meeting.

Energy And Precious Metals Royalty Company: TNR Gold Holds 2015 Annual General Meeting.




  
  We are very fortunate to have the strong support for TNR Gold from its shareholders. We continue to realise our business plan and building Royalty Company holding Royalty and Stakes in Precious and Energy Metals. International Lithium development with Ganfeng Lithium is at the front line of our advance now.

TNR Gold main assets include:






  Sale of our assets in Los Azules copper project will provide TNR Gold with capital to advance our other projects. International Lithium is developing its J/V projects with Ganfeng Lithium - one of the top world leaders in Lithium materials production from China.

TNR Gold And Los Azules Copper: McEwen Mining - Back To The Basics.

  


  There is very little coverage on Los Azules copper project despite of being "One of the largest undeveloped copper deposits in the world" - according to McEwen Mining. I am very pleased to find out this publication about McEwen Mining, Argentina and magnitude of Los Azules copper project.
  Please read carefully my legal disclosure. All this material is provided for information only, I was not able to verify any technical information in this article, it should not be relied upon in any investment decisions.
  TNR Gold holds now 0.4% NSR on the whole Los Azules copper deposit, 1% bonus on the sale of Los Azules and McEwen Mining shares. You can find all our financial information in the official reporting on SEDAR.


  "Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."



TNR Gold:

TNR GOLD HOLDS 2015 ANNUAL GENERAL MEETING

"August 7, 2015            
TNR GOLD HOLDS 2015 ANNUAL GENERAL MEETING
Vancouver B.C.:  TNR Gold Corp. (“TNR” or the “Company”) held its Annual General Meeting on August 6, 2015 and is pleased to announce that all resolutions proposed in the information circular were passed. In addition, all agenda items, as outlined in the circular, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung and Mr. Greg Johnson.
Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was appointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Jerry Bella was reappointed Secretary and Chief Financial Officer, Mr. John Harrop was reappointed Vice President of Exploration and Mr. Anthony Kovacs was appointed Chief Operating Officer. 
ABOUT TNR GOLD CORP. 
Over the past twenty-five years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe.  With the Company’s expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
In 2014 TNR Gold converted a back-in right on a portion of the Los Azules copper deposit in Argentina, owned by McEwen Mining, into a 0.4% NSR on the entire Los Azules deposit (see news release dated 17 October 2014).
In 2013 TNR Gold reported an inferred mineral resource at the Shotgun Gold project in Alaska containing 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off (see news release dated 22 April 2013).
In 2011 TNR listed subsidiary, International Lithium Corp. (TSX:ILC.V), which demonstrates the successful application of TNR’s business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects.  TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR’s commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value
On behalf of the board,
Gary Schellenberg
President"

Saturday, February 28, 2015

Rob McEwen: Los Azules Copper - "The Glimmer of Hope for Argentina."

  


  It looks like there is some interest to Los Azules Copper project in Argentina now. Political situation will change later this year and this kind of giant copper deposits are not coming along every day. Who is on the property now? Hopefully we will have more information at PDAC.


Kirill Klip.:


Rob McEwen: Los Azules Copper - "The Glimmer of Hope for Argentina."



  


  Rob McEwen was presenting at BMO Capital Markets conference this week. It is the very interesting presentation and you can find it on the McEwen Mining website. The most interesting for TNR Gold was his comment on the recent situation in Argentina. He sees "the glimmer of hope" with the coming elections in October later this year: "Producers are making their enquiries about the Los Azules Copper project and one of them is on the property now."
  Please read carefully my legal disclosure and do not get very excited or make any investment decisions based on this public information from Rob McEwen. I personally think, that it is the very encouraging update from Rob on Los Azules Copper status. His view on Argentina and the changing mining landscape confirms the Yamana Gold and Goldcorp news we have discussed before. There is a long way from the any visit on the property to the signed contract, but magnitude of Los Azules Copper will speak for itself one day - you can find more information on TNR Gold website. Higher copper prices will be the catalyst here and today's news from China has ignited 2% rally in very oversold Copper. We will see soon whether it becomes the sustainable trend. As Rob has mentioned: "This is the time to look at valuations for the best projects."


TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".


Goldcorp: Confident In Argentina; Eyeing Free Cash Flow – Chuck Jeannes.


Argentina is coming back to radar screens now, elections this coming Fall will bring the new catalyst. Now Goldcorp is talking about its investments in the country. Chuck Jeannes tale about The Peak Gold  in 2015 as well now. Read more."


Los Azules Copper: "Argentina's Mining Landscape Improving, Cerro Morro A Go – Yamana CEO."


 "More and more good news are coming from Argentina these days. Country will face elections this year and smart money are already positioning themselves in the best undervalued projects. Nothing should be taken as an investment advise on this blog, please always do your own DD and read my full disclosure. 
  TNR Gold is very fortunate to have McEwen Mining as its partner at the world-class Los Azules Copper project. With lower copper prices and perception of the investment risk in Argentina all valuations were driven into the ground. The return to the mean could be potentially dramatic as well. Gold Corp will put its new mine into production in Argentina this month, Yamana is moving forward with Cerro Morro and China is solidly on the track to secure supply of commodities from Latin America. I do not know when, but Los Azules Copper will be back on the radar screens of the investors one day and its fundamentals will speak for themselves.
  Now you can more appreciate the step by step approach in the development of Mariana Lihium by our J/V with top Lithium producer from China - Ganfeng Lithium. Please stay tuned for the update on our next phase development programmes. You can check more information on the links provided below and in our latest presentations on this blog. Please always consult you financial adviser before making any financial decisions, all latest financial information for TNR Gold and International Lithium can be found in the SEDAR filings and websites of the companies. Read more."



Please Note our Legal Disclaimer on the Blog, including, but Not limited to:


There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.


We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

Friday, October 17, 2014

TNR Gold and McEwen Mining Agree to Convert TNR’s Back in Right to a NSR on the Los Azules Copper Project, Argentina.




McEwen Mining:


"The termination of the back-in right removes a legal uncertainty over a contingent ownership interest in the project. Now, we own an uncontested 100% interest in Los Azules. We believe this transaction will make this large asset more attractive and marketable to potential joint venture partners and investors. The recent purchase of another large copper project in Argentina for more than $400 million is most encouraging. It suggests a positive change in market sentiment regarding Argentina is occurring. Both large copper producers looking for sources of future copper production growth and some big name investors appear prepared to once again invest inArgentina," said Rob McEwen , Chief Owner.
Los Azules is a large, high-grade, open pit copper project. At a cut-off grade of 0.35% Cu, Los Azules contains a resource of 5.4 billion pounds in the indicated category (389 million tonnes at 0.64% Cu) and 14.3 billion pounds in the inferred category (1,397 million tonnes at 0.46% Cu).
Los Azules is an advanced-stage porphyry copper exploration project located in San Juan ProvinceArgentina near the border with Chile. The border region between Chile and Argentina is home to some of the world's largest porphyry copper projects, including Lumina Copper Corp.'sTaca Taca Project which was recently bought by First Quantum Minerals Ltd. for approximately $428 million.
In exchange for the termination of the back-in right, TNR will receive a 0.4% net smelter royalty on Los Azules, 850,000 shares of McEwen Mining and, if McEwen Mining sells all of its interest in the project within thirty-six months of closing the transaction, a bonus payment equal to 1% of the gross proceeds will be paid to TNR."


Kirill Klip.:


TNR Gold and McEwen Mining Agree to Convert TNR’s Back in Right to a NSR on the Los Azules Copper Project, Argentina




I am very pleased to report our latest development on Los Azules.

We have finally locked up the participation in this unique world-class copper  asset for the benefit of all our shareholders:

1. Now we do not have to wait for feasibility study.

2. We do not have to contribute any capital.

3. Our industry standard NSR to "one of the largest undeveloped copper projects", according to McEwen Mining, is in effect immediately and can be monetised now at any time.

4. 0.4% NSR is now attributed to the entire Los Azules project - it is higher than pro-rata 0.6% attributed to only our part of Los Azules before.

5. We will participate in sale of Los Azules by McEwen Mining within 36 month and it is not affecting our NSR. 

6. We are receiving shares in McEwen Mining.

7. Now TNR Gold will benefit directly from:

A. Sale of Los Azules by McEwen Mining within 36 months.
B. Rise in value of McEwen mining shares.
C. Rise in Copper prices.
D. Potential increase in the deposit size and quality of the reported resources of the entire Los Azules.
E. Further feasibility studies conducted by the McEwen Mining or the new Operator and advancement of the project.

Jim Mustard VP of PI Financial can provide you with additional information on Los Azules Copper project and TNR Gold assets related to it.


Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/

Stay tuned: new presentation will reflect this very important development for our company.






TNR Gold:


TNR GOLD CORP. AND MCEWEN MINING INC. AGREE TO CONVERT TNR’S BACK IN RIGHT TO A NSR ON THE LOS AZULES COPPER PROJECT, ARGENTINA

Vancouver, B.C. October 17, 2014, TNR Gold Corp. (the "Company" or “TNR) (TSX VENTURE:TNR.V ) announces that it has entered into a transfer agreement (the “Transfer Agreement”) with McEwen Mining Inc. (NYSE:MUX, TSX:MUX) ("McEwen") pursuant to which the Company will convert all of rights and interests (the “E&O Agreement Rights”)  under a Cordon de Los Azules Exploration and Option Agreement dated effective as of May 15, 2004, as amended April 26, 2005 and November 8, 2012, including its 25% back-in right (the “Back-In Right”) in the northern portion of the Los Azules Copper Project (the “Project”) in San Juan Province, Argentina.  The Back-In Right is exercisable following the completion of a feasibility study and if the Company elected to back-in for 5% or less or had its interest diluted to 5% or less, TNR would receive a net smelter royalty of 0.6% from the northern portion of the Project (see TNR News Release November 12, 2012).
In exchange for TNR converting the E&O Agreement Rights, McEwen will:
 (1) cause its  wholly owned Argentinian subsidiary, Andes Corporacion  Minera S.A. (“Andes”) to enter into a net smelter royalty agreement with Compania Minera Solitario Argentina S.A.  (“Solitario”), an Argentinian company controlled by TNR,  pursuant to which Andes will pay Solitario a 0.4% net smelter returns royalty (“NSR”) in respect of the entire Project;

(2) issue TNR 850,000 common shares; and

(3) pay TNR 1% of any purchase price paid to and received by McEwen in respect of any sale, assignment of transfer of all of its interest in the Project, to a party other than to an affiliate of McEwen, on or before the third anniversary of the Transfer Agreement.

The Company believes converting the E&O Agreement Rights are in the best interest of its shareholders because it clarifies the ambiguity surrounding the details of the Back-In Right and the conditions under which the Back-In Right can be exercised.

Gary Schellenberg, President and CEO of TNR commented, “We have noted significant confusion in some of our shareholders regarding the particulars of the Back-In Right. It is the goal of TNR, through its lead generator business model, to advance toward the royalty ownership model as our projects, identified at an early stage of exploration, are advanced toward development by joint venture partners. This latest agreement with McEwen now completes the process for the Los Azules Project.”

 “We are very pleased to reach this agreement with McEwen. I would like to thank Rob McEwen personally for his efforts to work with us to find an amenable solution to simplify the Back-In Right at Los Azules. I am confident this transaction will facilitate the advancement of the Los Azules Project. Los Azules is a unique, long-life, copper mining opportunity in Argentina. Recent acquisitions which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals Ltd. confirm there is significant value to be realized for projects in this region. TNR Gold now carries an industry standard NSR on the entire Los Azules project which also allows McEwen Mining to facilitate further strategic transactions with this Project and I believe the shareholders of TNR will benefit as the Project advances through the feasibility stages,” commented Mr. Kirill Klip, Non-Executive Chairman of TNR.

ABOUT LOS AZULES

The Los Azules copper deposit is located in the San Juan province of Argentina. McEwen is the current operator on the Los Azules copper deposit and the Company has previously advised that on May 15, March 28, and March 13, 2013, McEwen Mining Inc. issued press releases in relation to the deposit, which are accessible on SEDAR athttp://www.sedar.com and on McEwen Mining Inc.’s website at http://mcewenmining.com.
McEwen's press releases appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen's information to determine the current mineral reserve or resource or other information referred to in their press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.

ABOUT TNR GOLD CORP.  (WWW.TNRGOLDCORP.COM)

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR recently reported an inferred mineral resource at the Shotgun Gold project in Alaska containing 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off (see news release dated 22 April 2013).
TNR is also a major shareholder of International Lithium Corp. (TSX:ILC.V) (“ILC”), a company created by TNR to advance its internationally acquired lithium prospects. TNR currently holds about 25.5% of the outstanding shares of ILC.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
John Harrop, PGeo, FGS, is a "Qualified Person" as defined under NI 43-101 and has reviewed and approved the technical content of this news release.
For further details please see our website at http://www.tnrgoldcorp.com/s/NewsReleases.asp
On behalf of the board,

Gary Schellenberg
President


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. "

Please Note our Legal Disclaimer on the Blog, including, but Not limited to:


There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.


We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

Friday, August 29, 2014

Acquisitions signal a turning market for miners. Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world.


Kirill Klip, TNR Gold Corp. Chairman and avid electric car and green technology supporter.



Wall Street Journal:

Acquisitions signal a turning market for miners


Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world

VANCOUVER, British Columbia, Aug. 28, 2014 (GLOBE NEWSWIRE) -- A wave of optimism is sweeping through the mining industry, as a series of high-profile acquisitions suggest a new trend of asset-purchases is emerging and an active hunt for copper and gold properties is underway.
It has been a steep slide from the highs of 2010, which saw mining contribute $36 billion to Canada's GDP (Mining Association of Canada, 2011 Facts and Figures).
However, recent deals have brought interest back to the market. These include the acquisition of Osisko Mining Corp. ($3.7 billion), Augusta Resource Corp. ($555 million), and Sulliden Gold Corp. ($300 million), all of which have helped push the 2014 total to more than 40 deals worth over $7 billion.
For junior and mid-tier companies, First Quantum Mineral's recent acquisition of Argentina-focused Lumina Copper Corp. is a leading indicator. The $470 million deal, centered on junior miner Lumina's highly promising Taca Taca copper project (120 kilometres east of the Escondida, the world's largest producing copper mine), has spurred interest in companies with similar assets across the Americas. The purchase sets a much-needed price benchmark, an essential gauge in a market now accustomed to good companies with reduced market caps and undervalued assets.
McEwen mining, an aspiring gold and silver producer whose Los Azules copper deposit lies in close proximity to Taca Taca, feels the timing is near for its project. In a press release dated July 17, 2014 President Rob McEwen notes "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, underdeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina."
One of the world's largest underdeveloped copper deposits, the Los Azules is an advanced-stage, high-grade porphyry copper exploration project located in the cordilleran region of San Juan Province, Argentina. The open pit project contains 14.3 billion pounds of inferred copper and 5.4 billion pounds indicated.
Like Lumina Copper Corp., Vancouver-based junior exploration company TNR Gold Corp. (TSX-V:TNR) is also well-positioned for the copper turnaround. The company secured interests near the Andean Copper Belts in Argentina and holds a claim to the Los Azules project. After a lengthy legal battle between TNR and McEwen, TNR was granted a back-in right to Los Azules in November 2012. The right is exercisable following the completion of a feasibility study and allows TNR to back-in for 25% of the northern part of the property, which McEwen said contains the largest share of the known resource.
The advantage for TNR is that it doesn't assume any risks for Los Azules, nor does it need to raise any funds until a feasibility study is complete.

"Los Azules is a unique, long-life, copper mining opportunity in Argentina," commented Kirill Klip, Non-Executive Chairman of TNR. "Recent acquisitions, which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals, confirm there is significant value to be realized for projects in this region. We are pleased that large-scale, capital intensive projects like Los Azules are attracting attention from global mining companies, increasing our ability to monetize our portion of the asset."
McEwen withdrew the Los Azules project from sale in June 2013, avoiding a depressed market price. However, as McEwen noted on the company's Q2 earnings call, the project could soon be back up for sale: "The recent sale of Lumina Copper is very encouraging and not only signals that big projects in Argentina are again becoming attractive but it also provides a measure of the value of the Los Azules project. This and other sales suggest Los Azules has a value of approximately US$300 million and represents a source of future liquidity."
Lumina Copper's stock value climbed from $3 to nearly $11 in three months in response to the acquisition. This is an encouraging sign for properties such as Los Azules, located in close proximity and containing a considerable resource.
With Los Azules moving to the top of the M&A list, TNR is focusing on monetizing the asset and furthering the success of its lead generator business model. The company successfully applied this model in 2010 and 2011, when it identified the Mariana lithium brine and Blackstairs lithium pegmatite projects, which became key to the formation of International Lithium Corp--a company partnered with China's Ganfeng Lithium and which TNR owns a 25.5% stake in.
TNR also plans to attract a strategic partner for its 100% Shotgun gold project in Alaska and is seeking strategic partners for its rare earth element project in Canada.
According to TNR President Gary Schellenberg, the company sees encouraging signs in the market to support its lead generator model. "Our ultimate plan is to develop a portfolio of projects and market them to end product users or developers who will de-risk the projects for our shareholders by spending the early exploration and development capital. Thus being less reliant upon the equity markets."
When TNR and Lumina secured interests in Argentina's Andean copper belt, the market was projecting a dropping copper demand from China. Many analysts failed to take into account that demand has continued to rise while the refined market ran into a deficit. The result was a hit for Lumina, whose early exploration and development caught the upswing for copper demand.
For TNR, the rapidly advancing communications and technology sectors are a strong sign that senior producers are on the hunt for large copper deposits. And with a share price considerably lower than McEwen's and a 25% stake in one of the world's largest copper deposits, TNR is sitting in a strong position to attract investors looking to benefit from the acquisition upswing.
Kirill likes to reference what he calls the "Las Bambas effect" (in reference to Minmetal's purchase of Glencore's Peruvian mine for $5.85 billion). This effect, most recently seen in First Quantum's purchase of Taca Taca, is a snowballing interest in high-quality projects and is a promising sign of renewed market interest in copper.
With a strong demand for commodities highlighting the value of projects like Taca Taca and Los Azules, it looks like the market for strategically placed assets is now rebounding off 2013 lows.
CONTACT: Manager Corporate Communications 
         Caroline Klukowski 
         Phone: (604) 687-7551 
         E-mail: ck@tnrgoldcorp.com


Please read carefully my legal disclaimer.



Please Note our Legal Disclaimer on the Blog, including, but Not limited to:



There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.


We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.