Finding the Right Gold Stock
May 29 2019 - 11:40AM
InvestorsHub NewsWire
Finding the Right Gold Stock
May 29, 2019 -- InvestorsHub NewsWire -- via microcapspeculators.com --
Gold prices touched a more than one-week high on Monday as
fears of a protracted U.S.-China trade war hurt risk sentiment,
while poor economic data from the United States bolstered bets
of a U.S. Federal Reserve rate cut. Now is the time to
look at gold stocks.
One under the radar gold company worth your time,
Inception Mining, Inc (USOTC:
IMII) owns and operates a producing mine with the
capacity to produce 1000 tons per day. The company’s 2018
revenues were up 9% and are on pace to be up even higher in
2019. IMII recently released a report on the mine, so now may
be the time to dig in.
The 5 Gold Stocks we are highlighting: Inception Mining,
Inc. (USOTC:
IMII), Harmony Gold Mining Company Ltd. (HMY), Eldorado Gold
Corporation (NYSE:
EGO), Barrick Gold Corporation (NYSE:
GOLD), and Gold Fields Limited (NYSE:
GFI).
Inception Mining, Inc. (USOTC:
IMII) (Market Cap: $14.689M; Share Price:
$0.25655) announced in March that the company has
completed a National Instrument 43-101 Technical Report that
includes an estimate on its Clavo Rico Project, located in El
Corpus, Departamento Choluteca, Honduras. The Technical
Report can be found on the company’s website at http://inceptionmining.com/clavorico/43-101-report/.
Highlights of the Report include:
- Economic mineralization at Clavo Rico is contained in three
distinct zones, including an oxide zone, a supergene enrichment
zone, and a sulfide zone.
- Data on 96 recent and historic drill holes totaling 6264 meters
of drill core yielding 2552 assays together with 827 channel
samples collected from historic adits.
- Data on an oxide zone. The oxide zone has been producing since
2015.
- Data on a sulfide zone that was calculated using two different
modeling techniques to reflect geologic uncertainties:
- Data of the supergene enrichment zone
- The conceptual geologic model, supported by field mapping,
production records and both recent and historic drill programs
suggests that significant potential exists to increase the known
mineral resource with additional drilling.
Inception Mining is a producing gold mining company engaged in
the identification, exploration, acquisition and development of
mineral properties. IMII owns and operates the Clavo Rico
mine. In addition, the company also holds the UP &
Burlington mine.
________
Harmony Gold Mining Company Ltd. (HMY) (Market Cap: $
804.313M; Share Price: $1.57) is off to a strong
start for the shortened week. Harmony Gold is the third
largest gold mining company in South Africa. Harmony operates
in South Africa and in Papua New Guinea. The company has nine
underground mines, one open-pit mine and several surface operations
in South Africa.
________
Eldorado Gold Corporation (NYSE:
EGO) (Market Cap: $575.953M; Share Price:
$3.62) announced that it has priced its offering of
US$300 million aggregate principal amount of 9.5% senior secured
second lien notes due 2024, which will be offered at 98% of
par. The settlement date for the issue of the Notes is
expected to be on or about June 5, 2019.
________
Barrick Gold Corporation (NYSE:
GOLD) (Market Cap: $20.674B; Share Price:
$11.74) proposed an expansion into Pueblo Viejo,
already one of the world’s Tier One gold mines, includes an
expansion of the mine’s processing plant and tailings capacity with
an estimated initial capital investment of more than a
billion dollars (100% basis) and the potential to extend the life
of the mine into the 2030s and beyond. Barrick expects to
complete a feasibility study for the expansion project during
2020. The proposed capital investment would more than double
the contribution the mine has already made to the Dominican
Republic.
________
Gold Fields Limited (NYSE:
GFI) (Market Cap: $3.084B; Share Price:
$3.87) announced the successful buyback
of $250m of the outstanding 2020 notes at 102% of par as
compared with a premium of 101.73% of par at the close of business
on Friday, 24 May 2019. Following the bond issuances
on 9 May 2019, Gold Fields commenced a tender process to buy
back up to $250m of the 2020 notes.
The remainder of the 2020 notes ($600m), due in October
2020, is expected to be repaid from a combination of available cash
and bank debt facilities.
Legal Disclaimer:
This article was written by Regal Consulting, LLC (“Regal
Consulting”). Regal Consulting has agreed to a three-month
term consulting agreement with IMII signed 02/12/2019. The
agreement calls for $25,000 in cash and 10,000 restricted shares of
IMII per month. All payments were made directly by Inception
Mining, Inc. to Regal Consulting, LLC to provide investor relations
services, of which this article is a part of. Regal
Consulting also paid one thousand dollars cash to
microcapspeculators.com to distribute this article. Regal
Consulting may have a position in the securities mentioned in this
article at the time of publication, and may increase or decrease
its position without notice. This article is based on public
information and the opinions of Regal Consulting. IMII was given an
opportunity to edit this article. This article contains
forward-looking statements that are subject to certain risks and
uncertainties that could cause actual results to differ materially
from any results predicted herein. Regal Consulting is not
registered with any financial or securities regulatory authority,
and does not provide or claim to provide investment advice.
http://www.regalconsultingllc.com/full
legal disclaimer/
Full Legal Disclaimer Click Here.
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SOURCE: microcapspeculators.com
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