Showing posts with label Taca Taca. Show all posts
Showing posts with label Taca Taca. 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"

Tuesday, August 19, 2014

TNR Gold Corp. Comments on Recent News by McEwen Mining on the Los Azules Copper Project, Argentina.



Kirill Klip.:


TNR Gold Corp. Comments on Recent News by McEwen Mining on the Los Azules Copper Project, Argentina.



Copper M&A in Latin America, TNR Gold And McEwen Mining With Los Azules Copper.


 "We have the great news from McEwen Mining, you can Google for the whole news release. Before the value for Los Azules was based on the acquisition price paid by US Gold for Minera Andes. After the collapse in Gold prices and Argentina troubled couple of years this accounting value has became the wishful history. Now based on the valuations of Taca Taca in First Quantum Minerals takeover of Lumina Copper McEwen Mining will make the conservative accounting valuation of Los Azules. Normally the selling price for the assets is above such an assessment. You will have to make your own numbers or contact Jim Mustard at PI Financial, who is acting on behalf of TNR Gold. Read more."




TNR Gold:


TNR GOLD CORP. COMMENTS ON RECENT NEWS BY MCEWEN MINING ON THE LOS AZULES COPPER PROJECT, ARGENTINA


Vancouver, B.C. August 13, 2014, TNR Gold Corp. (the "Company" or “TNR) (TSX VENTURE: TNR.V) advises that McEwen Mining Inc. (NYSE:MUX, TSX:MUX) ("McEwen Mining") has issued news releases dated 17 July, 2014 and 07 August, 2014 in relation to the Los Azules Copper Project in San Juan Province, Argentina. TNR holds a 25% back-in right, exercisable upon the completion of a feasibility study, on the northern part of the Los Azules property.
The news releases issued by McEwen Mining summarize the results of an impairment test conducted on Los Azules as a result of the recently announced acquisition of Lumina Copper Corp. by First Quantum Minerals Ltd. to gain ownership of the Taca Taca copper project in Salta, Argentina. McEwen Mining recognized that the similarities between Los Azules and Taca Taca in terms of project scale and location within Argentina gave sufficient cause for the impairment analysis that resulted in McEwen Mining recording an impairment charge for Los Azules in its second quarter.
The Company is of the view that the impairment recorded by McEwen Mining on Los Azules does not have an adverse affect on the Company's valuation of its back-in right in the Los Azules deposit and the ongoing evaluation of the sale of its rights to the deposit (see TNR news release May 8, 2013).
In their press release dated 17 July 2014 Rob McEwen states, "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, 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."  The news release is available at SEDARhttp://www.sedar.com and on the McEwen Mining website http://www.mcewenmining.com.  TNR encourages its shareholders to read the press releases issued by McEwen Mining to gain a better understanding of the work performed and the potential impacts this will have on the project.
McEwen Mining'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 Gold Corp. has done sufficient work to analyze, interpret, classify or verify McEwen Mining's information to determine the current mineral reserve or resource or other information referred to in the press release. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.
“Los Azules is a unique, long-life, copper mining opportunity in Argentina. Recent acquisitions that 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. In our opinion, McEwen Mining's latest analysis provides a solid base value for the asset,” commented Mr. Kirill Klip, Non-Executive Chairman of TNR.
The Company has a 25% back-in right in the Northern Portion of the Los Azules property which is exercisable following the completion of a feasibility study.  If the Company elects to back-in for 5% or less or has its interest diluted to 5% or less, TNR will receive a net smelter royalty of 0.6% from the Northern Portion. 
The Los Azules copper deposit is located in the San Juan province of Argentina. McEwen Mining Inc. 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 at http://www.sedar.com and on McEwen Mining Inc’s website athttp://mcewenmining.com.

 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 Gold 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 Q&A. Statements in this Q&A other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. Q&A may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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, July 04, 2014

TNR Gold & McEwen Mining Copper M&A: Lumina Copper Hits CAD10.36 - Is Another Bid Coming For Taca Taca Now? $TNR.v $MUX $LCC.v



All slides in this part of the post are from McEwen Mining presentations.


  We have only one question and concern, as you know. Why McEwen Mining is not properly working with Los Azules Copper project now? It is the world-class asset and "One of The World's Largest Copper Projects" according to Rob, why there is no appropriate marketing of it? Its proper sale will solve all capital problems which McEwen Mining is facing now in order to grow further. 
   We all have noticed the change in the company's goal - now S&P 500 target is not possible by 2015, but it is the great company with the great leadership, why Los Azules Copper has not being promoted properly so far?



   TNR Gold is moving forward with its Los Azules Copper Back-In Right asset and nobody is going to sell it cheap as it looks like now, so why is McEwen Mining not using the better climate in Argentina and rising Copper prices to tell its story? 


  
  The irony is here that: "soft Gold and Silver prices are due to the economic recovery" - what can be better hedge from "such an adversary" for the Gold Miner as Copper World-Class asset in this case? We would take it any day now as Chinese may one day.




Kirill Klip.:


Copper M&A: Lumina Copper Hits CAD10.36 - Is Another Bid Coming For Taca Taca Now?

  

  "Please do not get very excited and read my legal disclaimer carefully, but as we have seen before this kind of price action in Lumina Copper case can tell us that something is going on. It can be the simple arbitrage play by the big guns, but the market cap of Lumina copper is already higher than the calculated at the announced acquisition price by First Quantum Minerals. The announced price was CAD 470 million. Lumina Copper has 46,978,235 Fully Diluted shares, price at CAD10.36 gives us already CAD 487 million! I do not think that it is bet on rising Copper price or rising First Quantum share price - you can more safely buy the First Quantum shares in that case. Somebody thinks that Taca Taca can be worth more...
  Let's see what the next couple of weeks will bring us here. I will repost my yesterday's entry and you will appreciate later why it is important. Now Los Azules Copper will be making its rounds in the industry.



Mining M&A: China's Top Gold Firm Talking To Barrick And Friedland As Copper Rallies.


    

  As we have discussed before, we have really Hot Winter In Argentina for mining M&A. Now Frik Els confirms "China's Top Gold Firm Talking to Barrick Gold, Has Friedland "hotline":

"China's largest gold mining company, China National Gold, is officially setting up shop in junior mining hub Vancouver this week as part of a push into new markets and its global acquisition strategy.
President Xin Song told the Wall Street Journal ahead of Wednesday's event, the Beijing-based firm is on the hunt for global acquisitions and partnerships in gold, silver and copper:
"The growing strategy is very clear, we are going out looking at things globally. On our hands we have a few opportunities, at different stages."
Song, who also chairs the China Gold Association, has not ruled out acquisitions in developed countries, such as Canada, Australia and the US, but the main focus of its expansion strategy is assets in the region including in Mongolia, Russia and countries in central Asia.
Investments in "politically stable" countries in Latin America and Africa are also being considered Song said. Mining.com"





TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?


"We are working on the corporate structure now, which will allow to develop Shotgun Gold with the potential new strategic partner on J/V basis like we are doing with Ganfeng Lithium in International Lithium. You can find more information in the Shotgun Gold Project presentation below, on our website and give us a call to discuss it at any time. Read more."




  Gold smells Inflation and is moving higher these days, Chinese quest for resources will bring new deals into the mining M&A space and projects like Shotgun Gold will be on the radar screens of investors again. 
  Now Copper is making headlines as well and Wall Street Journal reports "Copper Prices Seen Marching Higher":

"Some investors are turning bullish on copper prices, brushing aside concerns sparked by a probe into the metal's place in China's financial system. Instead, these investors are focusing on a rebound in manufacturing world-wide, which they expect will boost copper demand broadly. Increasing consumption by factories will offset any decline in the use of copper as collateral to back loans as a result of the probe, these investors say. China is the world's biggest copper consumer and importer, though how much of the metal goes to manufacturers is unclear. WSJ."

  As you already know, my personal take on the Missing Collateral in China is Bullish for the metals:


Bullish For Metals?! Missing Collateral in China, Follow The Trail of Loans, Copper and Fraud.


"In my personal opinion, we are witnessing the same game of the rehypothecation as it is happening with FED, BIS, Investment Banks and Gold. This, actually missing metal as collateral, will be the very bullish set up for the commodities markets. After initial selling due to the margin calls and unwinding of Paper Positions in the market, Mr Market will realise that all these metal accounted for the supply and demand picture is NOT there. Industrial demand will stay in place, but Supply which was supposed to be hoarded in the warehouses is missing: the collateral was used a few times for the different transactions. 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.


Tuesday, May 27, 2014

TNR Gold And McEwen Mining: Los Azules Copper M&A - Lumina Copper Hits 52 Weeks High $TNR.v $MUX $ABX $GDX




TNR Gold: Los Azules Copper - Barrick Seeks To Restart Pascua Lama And McEwen Mining AGM. $TNR.v $MUX $LCC.v $GDX

 "As you remember, Los Azules Copper project is located in San Juan province in Argentina. Barrick Gold's Huge Pascua Lama project is located in the same province on the Boarder of Argentina and Chile. This ongoing development will be very positive for Argentina mining and Los Azules Copper project, providing the catalyst to TNR Gold and McEwen Mining."



Slides from McEwen Mining presentations.

Kirill Klip.:


Hot Winter In Argentina: Copper M&A, TNR Gold Los Azules - Lumina Copper Hits 52 Weeks High



  It looks like we can have finally Hot Copper M&A winter in Argentina! Lumina Copper hit 52 week high at CAD7.47 yesterday rising from the recent Low by the end of March at CAD4.60. Please do not get too exited and rush with any decisions here. Yesterday's breakout was on a low volume, but volume was rising in the last few weeks. 
  It is important to remind you that you should carefully study my legal disclaimer and in NO way treat any information provided here as an investment advice or any facilitation for any action. Always do your own Due Diligence and consult with your personal financial adviser. Manipulations are rampant in the junior mining. I am not only following all BCSC and TSX Exchange Communication Policy Rules and Guidance, but strongly against any fraud and manipulation in the markets personally and you can support me by reading and sharing my posts. I put my money where my mouth is - I live, breath and go to sleep with my companies business in mind - and I can be deadly wrong:

I Vote To End Gold Manipulation: FSA Fines Barclays For Manipulation Of Gold Price - Join Me.


"My personal vote is nothing, but if I am not alone it will be finished one day. Please donate your tweet for the good cause and share this post if you want to change it as well. Read more."

Market Manipulations, NI 43-101 And How The Honest Person Can Survive In Junior Mining.


"Now you can understand why we can't talk about a lot of technical details in such a great project like Los Azules Copper. McEwen Mining is the Operator of this project and we have our Back-In right, but our technical 43-101 qualified person was not able to check all the relevant information first hand. We rely on all information provided by McEwen Mining within 43-101 Rules. These are the tricks we have to be in compliance with. And there is no problem with it. Rob McEwen has done a great job developing the project into what he calls "One Of The Largest Copper Deposits In The World" and today you can participate in McEwen Mining Conference Call and find a lot of information on McEwen Mining website.  I have already discussed Los Azules Copper Back-In Right here and I would recommend to contact Jim Mustard VP at PI Financial to get more information about Los Azules Copper project and our Back-In Right Asset. Read more."



  The winter is coming, but investors' hearts are warming up to the best Argentina's mining stories. I will not jump here to any conclusions: whether this action is ignited byBarrick Gold's Pascua Lama developments or particular news coming with Lumina Copper. Taca Taca copper project is for sale and somebody is buying shares now. Let's wait for the official news from the company. 
  In any case this development is very encouraging for all of us involved in mining in Argentina and proud hard working people living there deserve much better economic progress. Maybe we are witnessing the beginning of such change. Political risk perception yesterday can be translated in the value catalyst tomorrow. It will be very positive for our International Lithium Mariana Lithium Brine project development with Ganfeng Lithium now as well.
  Is my Tenke Fungurume experience in DRC with Lukas Lundin coming here back for Los Azules in Argentina? We will see very soon, hopefully. He has taught me that governments come and go, that political situation and its perception can change on a dime for better or worse, but you cannot "print", QE or find new world class copper projects overnight. We have seen the bad all together already, I am very encouraged that the mining cycle is turning now.


China Is In The Hunt For Copper: Guangdong Rising Bids $1 bln For Copper Miner PanAust


  "Now we can together appreciate a little bit more M&A market observations I have shared with you couple of days ago:
  China continues its buying spree of copper assets all over the Globe: last month the huge Las Bambas copper project in Peru was bought by Minmetals Group for $5.85 B and now Guandong is bidding for PanAust. Reuters reports on the deal and you can notice how the activity in M&A by Chinese companies is picking up during the "soft market". It is the very important indication of the major bottom in the mining cycle: it is cheaper "to dig" for Copper and Gold on the Stock Exchanges now, when valuations of assets in the ground of listed companies are discounted by the depressed mining markets.  Read more."

  Any excitement and emotions are nothing in the cruel investment world before investors will start to vote with their money. In any case this development will put Argentina copper projects back onto the industry and investors radar screens.
  Please, do not translate this particular story into any other companies' prospects - all projects are different. If you are interested in Los Azules Copper give us a call and study TNR Gold website -  I am here to talk to you.

TNR Gold: Los Azules Copper Project In Argentina - Barrick Gold Seeks To Restart Pascua Lama.


  "As you remember, Los Azules Copper project is located in San Juan province in Argentina. Barrick Gold's Huge Pascua Lama project is located in the same province on the boarder of Argentina and Chile. This ongoing development will be very positive for Argentina mining and Los Azules Copper project, providing the potential catalyst to TNR Gold.
"Copper M&A, Mining In Argentina And TNR Gold's Los Azules Copper Back-In Right. 
Particularly important for Los Azules Copper Project are the efforts by the government of Argentina "to overturn Barrick Gold's Pascua Lama freeze in Chile." Both projects are located in the same San Juan province in Argentina which is considered to be one of the most mining friendly in the country.  You can find more about our Los Azules Back-In Right in the presentation below and you can always contact us to discuss it."
"The sale of our Back-in Right will provide the necessary liquidity and catalyst to all of our group of companies. Rob McEwen has done a great job as Operator developing this project and now Los Azules is at the top of the list of the best copper projects in the world available for sale, according to PI Financial! I would recommend to contact Jim Mustard VP at PI Financial to get more information about Los Azules Copper project and our Back-In Right Asset."





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.

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