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New Dawn Mining Reports Six Consecutive Months of Increased Gold Production

Posted by AGORACOM at 9:32 AM on Friday, October 16th, 2009

(ND:TSX)

AGORACOM Client, New Dawn Mining (ND:TSX) is the kind of junior gold company most investors dream about.  Yes, assume I am horribly conflicted by the fact New Dawn is a client of AGORACOM – then take a look at the revenue and production numbers coming out of the company.  With September production numbers now in, the company has delivered 6 consecutive months of increasing gold production.  The company’s timing could not be better as gold bullion prices have started to hit their stride in 2009 and are currently sitting within a few dollars of their all-time high.

In addition, New Dawn recently announced the implementation of a program to increase annual gold production to approximately 23,000 ounces by Q3 2011 and, beyond that, 35,000 – 50,000 ounces.  That would be a significant increase from its current annual run rate of 14,000 ounces.

To this end, New Dawn recently reported that gold production at its Turk Mine in Zimbabwe for September 2009 was 1,029 ounces or 32 kg’s, as compared to 1,019 ounces or 31.7 kg’s produced in August 2009.

Highlights Include:

  • Gold sales for September 2009 were US$965,900 at US$988 per ounce average gold price
  • At September 2009 month-end, an additional 733 ounces or 22.8 kg’s ofgold were awaiting export for sale in South Africa, which will be included in October 2009 sales
  • 100% of gold sales were received in US Dollars
  • September 2009 marks the 6th consecutive month of increased gold production

Click on link below to read entire press release:

New Dawn’s Turk Mine in Zimbabwe – Six Consecutive Months of Increased Gold Production

Link to Hub / Link to Profile / Link to Forum

Regards,
George

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts | 1 Comment »

Jim Rogers “Commodities Cycle Won’t Be Over For Years”. Gold Is Good, Agricultural Commodities Better

Posted by AGORACOM at 11:48 AM on Monday, October 12th, 2009

As you all know, the AGORACOM blog has been a big fan of Jim Rogers since we began publishing, so when he speaks, we listen.  Rogers was featured on Yahoo Monday morning and had some interesting comments on commodities that go far beyond gold.  I’d give you the highlights but I would be doing you a disservice by not directing you to watch the entire 5-minute video.

For those of you who simply don’t invest in commodities and don’t have the time to buy or expertise to buy sugar futures, physical gold, etc do not despair – Rogers advises that ETF’s are the best way to go for most investors.  To this end, he is most bullish on agricultural commodities.

Grab a cup of coffee, kick your feet up and watch the following:

Regards,
George

Posted in 43-101's, All Recent Posts, Commodities, ETFs, Gold $1,000 | 1 Comment »

More Than 1M Ounces Of Gold In 43-101 For AGORACOM Client – La Mancha Resources (LMA:TSX)

Posted by AGORACOM at 11:45 AM on Thursday, September 10th, 2009

First VMS 43-101 Resource Shows More Than 1 Million Ounces of Gold at La Mancha’s Hassai Property

La Mancha is an AGORACOM client, so assume that I am horribly conflicted and do your own due diligence. I personally love to see 43-101 news from anybody, not just AGORACOM clients, because it is a strict guideline for how public companies can disclose scientific and technical information about mineral projects on bourses supervised by the Canadian Securities Administrators.  In short, it makes it near impossible to sprinkle gold on your property and pull of a scam.

Here are some of the highlights of today’s release, which you should also read in its entirety.

HIGHLIGHTS:

  • 1,006,000 ounces of gold (402,400 oz attributable to La Mancha)
  • 297,000 tonnes of copper (118,800 tonnes attributable to La Mancha)
  • Confirmation of an enriched supergene zone at the top of the structure
  • Resource remains open at depth
  • La Mancha reaffirms its target of growing its consolidated M&I resources to 4 million ounces of gold within the next few years

ABOUT THE HASSAI MINE

The Hassai mine is located in the Red Sea Hills desert of northeastern Sudan, some 450 km from Khartoum. Inaugurated in 1992, it is Sudan’s first and only gold mine in production. Twelve pits have been mined over the years, generating a cumulative production of more than 2.1 million ounces of gold. La Mancha owns 40% of the mine through a subsidiary and is the mine operator. The Hassai exploration licenses effectively encompass the entire geological district that extends over 24,000 square kilometres. The Hassai mine exploration budget is expected to reach $6.44 million in 2009 ($2.57 million attributable to La Mancha), distributed among several gold targets (quartz, SBR and tailings) and VMS targets.

Click here to view release in its entirety.

Link to Hub / Link to Profile / Link to Forum

Regards,
George

Posted in 43-101's, AGORACOM Clients (New), Gold $1,000 | No Comments »

AGORACOM Client Seabridge Gold Featured on BNN Commodities Report

Posted by AGORACOM at 6:34 PM on Thursday, June 4th, 2009

AGORACOM members have done very well with Seabridge Gold and we’re pleased to provide you with a clip of this great interview on BNN Commodities Report earlier today, featuring CEO Rudi Fronk.

Have to give credit to our associate Jeff Cohen for arranging the interview.  Good job Jeff!

Company Highlights

  • Seabridge owns 100% of the two largest undeveloped gold projects in Canada
  • Measured and indicated resources on the KSM project stand at 42 million ounces of gold and 8.5 billion pounds of copper.
  • Inferred resources total another 19.5 million ounces of gold and 2.8 billion pounds of copper.

Regards,
George

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts, Gold $1,000 | 2 Comments »

New Dawn Mining (ND:TSX) Resumes Full-Scale Gold Mine Operations

Posted by AGORACOM at 9:02 AM on Monday, May 4th, 2009

New Dawn’s Turk Mine in Zimbabwe Resumes Full-Scale Mine Operating Program

I’m very proud to announce that AGORACOM client, New Dawn Mining, is back to full gold mining operations on their Turk Mine in Zimbabwe. This is a company that produced ~ 8,650 ounces and $US 7.5 million in revenue in 2008.

Highlights from the press release include:

Key Points:

  • New Dawn’s 100% wholly-owned Turk Mine in Zimbabwe has resumed full-scale mining operations
  • The current initial production rate of 250 tonne targeted to rise to 400 tonnes per day to achieve a production target of 1,150 to 1,200 ounces of gold per month at a average cash cost of US$425 to US$450 per ounce
  • Total existing capacity at Turk Mine is currently rated at 400 tonnes per day, but current expansion projects, which are nearing completion, will increase existing capacity to 650 tonnes per day. New Dawn plans for further production increases every 6 to 9 months thereafter to maximize existing capacity
  • During the restarted mine development program, which was reported on 26th February 2009, until the commencement of full-scale mining operations in early May 2009, New Dawn’s gold sales totaled approximately US$1,300,000

  • 11 years of proven and probable mine reserves at October 2009 production rates
  • Two recent NI 43-101 reports documented an aggregate of 969,546 ounces of gold reserves and resources grading between 2.9-6.1 g/t, with additional inferred mineral resources of 355,873 ounces of gold grading between 3.90 – 5.91 g/t.

New Dawn Mining IR Hub

New Dawn Mining Profile

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts | No Comments »

La Mancha Resources (LMA:TSX) Joins AGORACOM 100 With 1.8 Million Ounces Of Gold

Posted by AGORACOM at 9:21 AM on Tuesday, April 14th, 2009

I am proud to announce that La Mancha Resources was added to the AGORACOM 100 this morning.  As investors will see below, La Mancha’s gold production and resources make it another worthy member of The AGORACOM 100, a group of elite small-cap companies that separate the wheat from the chaff.

La Mancha is currently focused on increasing 2009 combined Gold production from its 3 Operating mines to 100,000 ounces, as well as, continuing to prove up resources to 4 Million Ounces by 2011. La Mancha trades on the TSX under the symbol LMA.

Highlights include:

  • Production of 71,550 ounces of gold in 2008
  • Production target of up to 100,000 ounces of gold in 2009
  • Total M&I Resources of 1.8 million ounces of gold
  • Goal of increasing M&I resources to 4.0 million ounces by 2011

Recent News:

April 14th, 2009

La Mancha’s Conceptual VMS Deposit for Hassa Property Increases to 60M Tonnes

March 27th, 2009

A Profitable 4th Quarter Consolidates La Mancha 2008 Year-End Financial Results

Conclusion:

Congratulations to President/CEO, Michel Cuilhé and his entire team for not only building a great company to this point – but for making La Mancha an open and accessible public company.  I have gone on the record with my statement that the best CEO’s of the next decade will be web driven.  Everything I have seen since that statement only further confirms it.

In the case of La Mancha, we have a company with great resources and already into production, with bigger plans ahead.  As such, it just makes sense for the company to get online and begin interacting with both current and prospective shareholders, with the goal of building a large and long-term shareholder community.

I’m very excited about La Mancha and looking forward to their progress into 2011 and beyond.  So should you.  To get up to speed on the company, here are some helpful links:

La Mancha 1 minute snapshot

La Mancha HUB

La Mancha Electronic Shareholder Forum

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts | No Comments »

Banro Joins AGORACOM 100 With 6.72 Million Ounces of Resources

Posted by AGORACOM at 2:23 PM on Thursday, March 26th, 2009

I am proud to announce that on Tuesday March 17th 2009, Banro Corporation (BAA: NYSE Alternext; BAA: TSX) was added to the AGORACOM 100. The AGORACOM 100 is an exclusive group of great small-cap companies that provides investors with their first point of research when looking for their next great small-cap investment.

Investors will find Banro to be a worthy of inclusion in the AGORACOM 100  as the company is active in the Democratic Republic of Congo (DRC) exploring and developing its gold properties. To date, the Company has  identified 6.72 million ounces of Measured and Indicated Resources, plus Inferred Resources of 4.46 million ounces.

Highlights include:

  • The Company recently completed a full feasibility study of its flag-ship Twangiza project.
  • 6.72 million ounces of Measured and Indicated Resources
  • Completed a $14 Million Dollar financing in February 2009.
  • Inferred Resources of 4.46 million ounces.

Recent News:

Banro Announces Updated Independent Mineral Resource for the Namoya Gold Project of 1.124 Million Ounces of Measured and Indicated Resources and 407,700 Ounces of Inferred Resources –

9:00 AM ET, March 11, 2009

Banro files NI 43-101 Technical Report on Twangiza Feasibility Study and announces executive appointment -

9:00 AM ET, March 2, 2009

Banro Corporation: Full Profile

Banro Corporation HUB

Banro Corporation Shareholder Forum

Regards,
George

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts | No Comments »

Arianne Resources Announces 43-101 Resource Estimate of 304 Million Tons of Phosphorus

Posted by AGORACOM at 10:20 AM on Wednesday, March 25th, 2009

Fantastic news from our client, Arianne Resources, today. Arianne announced the much anticipated results of a resource estimate from its Lac a Paul phosphorus-titanium property, located in Saguenay-Lac-St-Jean, Quebec, Canada.

The highlights, as well as, a quote from CEO Bernard Lapointe are below:

  • Paul Zone : 99.30 Million tons of inferred resources at 7.84 % P2O5 and 8.24 % TiO2
  • Manouane Zone : 140.60 Million tons of inferred resources at 5.77 % P2O5 and 9.01 % TiO2
  • Zone 2: 64.10 Million tons of inferred resources at 4.52 % P2O5 and 4.51 % TiO2
  • Total of 3 Zones; 304 Million tons of inferred resources at 6.18 % P2O5 and 7.81 % TiO2

Also of note it the fact that this resource estimate only accounts for 3 of the numerous mineralized zones on the Lac a Paul property.  With an exploration budget of 1.5 M$ Arianne will be looking to further advance this property with additional exploration work.

Arianne Resources CEO, Mr. Bernard Lapointe stated that he is “confident to demonstrate that the Lac a Paul phosphorus deposit will become an exploitable world class deposit for this resource.”

Click here to view full press release

Arianne Resources IR Hub

Arianne Resources Profile

Congrats to our friends Bernard, Norman and their entire team.  Time to get this news out into the marketplace.

Regards,
George

Posted in 43-101's, AGORACOM Clients (New) | No Comments »

Seabridge Gold Increases Resources To 34.5M ozs Gold, 8.5B lbs Copper

Posted by AGORACOM at 9:47 AM on Wednesday, March 25th, 2009

Our client Seabridge Gold just continues to increase both its resources and share price.  Today, the company issued a news release that once again increased its resource counts at the KSM project which, according to the company, is one of the world’s largest undeveloped gold/copper projects.

I’ve provided the highlight data below but President and CEO Rudi Fronk sums it up in this following quote:

“Measured and indicated mineral resources for the KSM project now stand at
1.82 billion tonnes containing 34.5 million ounces of gold and 8.5 billion pounds
of copper. In the inferred category, resources for KSM now total 746 million tonnes containing 12.1 million ounces of gold and 2.8 billion pounds of copper.

We will now update the mine plans in our 2008 Preliminary Assessment to include
these new resource estimates which should add mine life beyond the previous
estimate of 30 years. We may also see the Sulphurets pit connect with the Mitchell
pit due to the resource increases in each of these zones.”

Highlights from press release include:

  • New Resources Estimate for Sulphurets Zone Increases Gold Ounces to 2.021 Million with 520 Million Pounds of Copper
  • New Resource Estimate for Kerr Zone to 1.666 Million Ounces and 2.036 Million Pounds of Copper
  • Updated Mine Plan anticipated to extend life of mine beyond Preliminary Assessment of 30 years sometime in 2nd qtr 2009

Recent News

Seabridge Gold Reports Major Expansion of Mitchell Resource; 30M Oz Gold – March 11, 2008

Seabridge Gold Profile

Seabridge Gold IR Hub

Congrats to Rudi and his team.  Keep it going gents.

Regards,
George

Posted in 43-101's, AGORACOM Clients (New), Gold $1,000 | No Comments »

Seabridge Gold On Yahoo Finance Show Discussing 30M Ozs Gold, 6B Lbs Copper

Posted by AGORACOM at 2:51 PM on Thursday, March 12th, 2009

Good afternoon to you all.  Lots of Seabridge Gold news out today, so we put President and CEO Rudi Fronk on the Yahoo Finance Small Cap Show to put the company’s recent press release into perspective.

Highlights from the show:

  • Completed an updated independent National Instrument 43-101 mineral resource estimate for the Mitchell zone at its 100% owned KSM project
  • Measured and indicated gold resources at Mitchell have increased by 89% over the previous estimate to more than 30 million ounces.
  • Measured and indicated copper resources increased by 105% to nearly 6.0 billion pounds

Click on image below

(if image doesn’t appear press F5 to refresh)

Posted in 43-101's, AGORACOM Clients (New), All Recent Posts, Gold $1,000 | No Comments »

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