reports
- Ben Pirie
LVG: Mining License Transfer + 10-Year Renewal
What you need to know: • LVG announced the completion of the 10-year renewal and authorization to transfer the Imwelo Mining Licence to LVG. • This major milestone significantly de-risks the Company as it progresses with development plans of the Imwelo Project and looks to take advantage of the elevated gold price in the near-term. • Upon certain conditions, this announcement triggers the second tranche of the financing involving Taifa Group (at a significant premium to market, $3.8M at $0.24/...
- Ben Pirie
Mining Monthly: October Edition
What you need to know: • Following strong performance in September, the precious metals again posted excellent returns, with gold being up 3.2% (to ATHs) and silver being up 4.1% (reaching its highest price in 12 years). • The mining equities had mixed performance relative to the metals with the GDX up 1.3%, GDXJ up 5.7%, SIL up 10.2%, and COPX down 7.6%. • Financings picked up massively in October as generalist capital returns to the mining industry, providing much-needed capital to the juni...
- Ben Pirie
Mining Monthly: September Edition
What you need to know: • September was a big month for the metals space as gold, silver, and copper were all up over 6%. Gold broke to new all-time-highs, peaking at $2,685/oz before closing the month at $2,661/oz (up 46% LTM). • The mining equities lagged the metals slightly but greatly outperformed broader markets with the GDX, GDXJ, SIL, and COPX up 4.8%, 8.2%, 7.9% and 11.0%, respectively. • Battery metals performed well this month and news around the lithium market gets more interesting a...
- Ben Pirie
LVG: Exploration Update & Mining License Submission
What you need to know: • LVG announced an update on Barrick Gold’s exploration activities on the claims surrounding the Tembo Project, which LVG carries interest in. • On September 4th, the Company announced submission of all documentation for the 10-year renewal and transfer of the Imwelo Mining License. The acquisition should close by the end of September. • Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group ($3.8M). This ...
- Ben Pirie
Mining Monthly: August Edition
What you need to know: • August was a mixed month for all metals, including the mining equities. • Gold continues to outperform other metals, up 2.3% on the month and up a staggering 29% over the last year. Mining equities performed in line with broader markets, following significant outperformance in July, read our July report here. • Battery metals suffered again this month, and the waiting game continues. • M&A was slow in August but we expect things to ramp up as we enter the fall given the...
- Ben Pirie
LVG: Mining License Renewal - Long Runway Ahead
What you need to know: • LVG announced the Imwelo Mining License has conditionally been approved for a 10-year renewal, providing runway for LVG to execute. • On July 18th, the Company announced the receipt of the Tax Clearance Certificate, the final requirement for transferring the Imwelo Mining Licence to LVG. • Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group. • We continue to value LVG at $0.45/share representing 137% u...
- Ben Pirie
Mining Monthly: July Edition
What you need to know: • July was the second consecutive negative month for all 17 metals in our coverage except for gold, however, mining equities largely outperformed. • As anticipated in our last Mining Monthly, the June sell-off marked a great buying opportunity in the metals equities. • We are excited by the continued outperformance in the mining sector compared to broader markets as we believe this will begin attracting generalist investors to the space. • We notice an interesting trend in...
- Ben Pirie
Mining Monthly: June Edition
What you need to know: • Following back-to-back positive months and new all-time highs, gold closed down slightly in June, while the gold equities sold off more dramatically. • Silver fell more sharply than gold (down 9%) following the strong outperformance in May (up 14%), and silver equities followed suit. • Copper also dropped significantly in June, down 9% to $4.4/lb while the copper equities outperformed the metal slightly, down 7%. • After two months of several all-time highs for gold an...
- Ben Pirie
LVG: Making Progress on Imwelo
What you need to know: • LVG has received the tax assessment from the Tanzanian Revenue Authority, one of the final steps from the acquisition of the Imwelo Mining License. • Once the Mining License is officially transferred, it will trigger the second tranche of investment from the TAIFA group. • Barrick Gold continues to explore the area surrounding the Tembo licenses, exciting us as LVG will share in Barrick’s success. • We continue to value LVG at $0.45/share representing 137% upside. Thi...
- Ben Pirie
Mining Monthly: May Edition
What you need to know: • May was silver’s time to shine, hitting 12-year highs up 13.7% on the month, significantly outperforming gold and other metals. The silver equities also followed suit, up 13.4%. • Gold and copper posted smaller gains, despite both metals setting all-time highs mid-month, closing up 0.2% and 1.7%, respectively. • We continue to be highly bullish on the metals and mining sector as the continued outperformance of broader markets will attract more and more generalist invest...
- Ben Pirie
LVG: Corporate Update & Thesis Rehash
What you need to know: • Progress at the Imwelo Project is continuing with the final step before the official transfer of the mining license underway, and other preparatory work at site is proceeding. • Barrick Gold continues to invest substantial capital into the surrounding Tembo licenses which excites us as LVG will share in Barrick’s exploration success (see initiation report here for more details). • We value LVG at $0.45/share representing 150% upside. This morning, Lake Victoria Gold (...
- Ben Pirie
Mining Monthly: March Edition
What you need to know: • Following a long period of consolidation, gold broke out in March, hitting record highs, and continuing to push higher as we enter April. • Silver and copper also had strong months up 10% and 4%, respectively. • More notably, we are finally seeing the equities outperform their underlying metal price with the GDX, SIL, and COPX up 22.7%, 21.1% and 19.4%, respectively, significantly outperforming broader markets. • With precious metals taking the limelight, the rest of the...
- Ben Pirie
Mining Monthly: January Edition
What you need to know: • Gold held flat in January following a big monthly gain of 13% and reaching all-time highs in December, while mining equities lagged. • Besides gold, other precious metals, commodities, and battery metals had a mixed month, while uranium’s strong performance accelerated, up 16% in January and hitting its highest price in more than 16 years. • We attended a busy Vancouver Resource Investment Conference in January. Find our top picks from the conference here. Following a...
- Ben Pirie
LVG: The Next Tanzanian Gold Producer + Big Upside
What you need to know: • LVG’s strategic partnerships & recent acquisitions have set the Company up for a transformational 2024. • LVG has turned its focus to project development and cashflow, and we expect the first gold pour by H1/25. • The Company has substantial upside through its partnership with Barrick Gold as well as other exploration potential. • We value LVG at $0.45/share representing 131% upside. Lake Victoria Gold (LVG:TSXV) is a Canadian exploration and development company focuse...
Tembo Gold Adds 70 km2 Adjoining Bulyanhulu and Provides Prospecting L...
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2020) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce that it has secured, under license, an additional 70km2 including 30km2 directly adjoining Barrick's Bulyanhulu Mine. The Company's prospecting licence holding in Tanzania's Lake Victoria goldfield, encompassing the Tembo Project, now total 181km2.HighlightsTembo Gold formerly held 38 prospecting licences covering an area of 110km2 that constituted the Tembo Project area.The Tembo Project area has been consolidated into 7 prospecting licenses totalin...
Tembo Gold - Tanzania Country Update
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2020) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to provide this geological information on the Tembo Project.HighlightsSukumaland Greenstone BeltThe Sukumaland Greenstone Belt, an arcuate sequence comprising an inner and outer arc of metavolcanics and metasedimentary greenstone lithologies extensively intruded by gneissic granites, is host to the Lake Victoria Goldfield.The Tembo Project is located on the inner of two arcuate greenstone sequences, the outer containing an interbedded sequence of banded iron ...
Tembo Gold Technical Collaboration Agreement
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to announce that the Company has entered a collaboration agreement with GoldSpot Discoveries Corp ("GoldSpot"), whereby GoldSpot will apply the experience and knowledge of a multidisciplinary geoscientific team as well as artificial intelligence computing technology to interpret the Tembo and regional geological data to generate and prioritise exploration targets within Tembo's licence area.HighlightsGoldSpot is a Canadian-based multidisciplinary team of geoscie...
Tembo Gold General Update
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2020) - Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company") is pleased to provide this update on the status of the Company.HighlightsTembo is a junior gold exploration company with a significant contiguous land package in the prolific but underexplored Lake Victoria goldfield in northern Tanzania. The Company's licences are located immediately alongside Barrick Gold's +20M oz Au (mined to date and in resource), Bulyanhulu Mine. Tightly held capital structure and a clean balance sheet with the interests of management aligned with s...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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