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Affinity Metals $AFF.ca Expands Drill Program on Regal Gold and Silver Project $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca $MKR.ca $SII.ca

Posted by AGORACOM-Eric at 10:20 AM on Friday, September 25th, 2020
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  • The original program has been expanded with the present amount drilled now exceeding 3,000 meters.
  • A total of 15 holes have been completed to date in 2020 and drilling is ongoing.

Vancouver, B.C. – Affinity Metals Corp. (TSX-V:AFF)”) (“Affinity”) (“the Corporation”) is pleased to announce that it has expanded its 2020 drill program at its flagship Regal Project encompassing 8,800 hectares of the northern end of the prolific Kootenay Arc approximately 25 km northeast of Revelstoke, British Columbia, Canada. 

Along with geological mapping and associated geochemical sampling, the original 2020 drill program included up to 2,000 meters of diamond drilling. The original program has been expanded with the present amount drilled now exceeding 3,000 meters. A total of 15 holes have been completed to date in 2020 and drilling is ongoing.

Shares for Services – Online Marketing

Further to its news release of September 17, 2019, in which the Company disclosed a shares for services agreement it had entered into with Agoracom dated September 13, 2019, the Company advises that to date it has issued to Agoracom 96,000 common shares having a hold period expiring on January 16, 2020.  Under the terms of the agreement, the Company is required to issue an additional 297,295 common shares to Agoracom, which it proposes to do upon receipt of TSXV approval.  When issued, the 297,295 shares will have a hold period expiring 4 months and one day after their date of issuance in accordance with applicable securities laws and the policies of the TSXV. Subject to approval of the TSXV, the Company intends to issue common shares to Agoracom for the services provided.  The number of shares issuable and the share price will be determined at the market price of the Company’s common shares at the time the quarterly payments were due, in compliance with the policies of the TSXV. Under the initial 2019 agreement, services would have been terminated September 15, 2020 however on September 11, 2020, Agoracom provided an amended agreement for services that now extends the original agreement to January 15, 2021.  No new shares will be issued as a result of the extension. 

Shares for Services – Business Advisory Services

The Company is also pleased to announce that it has entered into a shares for services agreement with Herbert Strauss for providing financial and strategic business planning and international market advice. Mr. Strauss has an extensive background in the German speaking European market specific to arranging corporate partnerships, international expansion and providing recommendations related to market reach and industry contacts.  

The agreement was effective on September 1, 2020 and will continue until July 31, 2021.  In consideration of the services provided, the Company has agreed to pay Mr. Strauss the following fees:

  1. A cash payment of $3,900 upon signing of the agreement and;
  2. 240,00 common shares of the Company due in quarterly instalments of 60,000 common shares at the end of each three month period starting on the effective date of the agreement.

When issued, the 240,000 shares will have a hold period expiring 4 months and one day after their date of issuance in accordance with applicable securities laws and the policies of the TSXV. The number of shares issuable and the share price will be determined at the market price of the Company’s common shares at the time the quarterly payments are due, in compliance with the policies of the TSXV. The agreement has been approved by the TSXV.

About Affinity Metals Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity is following a hybrid approach of combining the advancement of strategic assets along with following a Project Generator model. 

Affinity presently holds two properties in British Columbia as well as five properties located near Timmins, Ontario. 

On behalf of the Board of Directors 

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected]

Information relating to the Corporation is available at: www.affinity-metals.com

3 Reasons Silver Bulls Could Soon Be Handsomely Rewarded SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 12:13 PM on Tuesday, September 22nd, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

They say patience is a virtue. Well, if anyone is virtuous these days, it has to be silver bulls.

They also say good things come to those who wait. I believe those good things will be coming…in spades.

Silver reached just shy of $50 back in April 2011. A decade later, we’re still just barely above half that level.

But that’s all about to change.

Since bottoming in March, gold has rocketed to a new all-time high near $2,070 in early August, up 40%.

But silver’s trough-to-peak gains have put gold’s to shame. The white metal bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months.

When silver really gets going, it can surprise even the most ardent of silver bulls. And odds are it’s going to go on several more runs like this in the future.

Here’s what’s making this metal tick, and why what lies ahead for silver is going to surprise us all.

1. Silver’s Monetary Side

It’s widely accepted that silver is both an industrial metal and a monetary metal. But now that precious metals are in a secular bull market, silver’s monetary side is likely to have an outsized impact.

If we look at how silver compares to gold in bull runs, it turns out silver has outperformed five of the last six times. Silver Comparative Price Vs Rising Gold Prices

That’s likely going to happen again this time, and the main driver will be investment demand.

According to the Silver Institute’s Annual World Silver Survey, silver investment demand was up 12% in 2019 over the previous year. The Institute recently reported that in the first half of 2020, investors hoarded 10% more silver than in H1 2019, mostly through buying silver-backed exchange-traded products (ETPs). As a result, ETPs have been setting successive record high levels of holdings this year. Total Silver Demand 2019

What’s more, it’s estimated that just 6% of all above-ground silver is in investment form like coins or bars. The rest is almost evenly split between industrial uses and jewelry/decorative uses.

2. Challenged Silver Supply

Besides rapidly growing investment demand, one of the biggest drivers of higher silver is going to be limited new supply.

Just 28.7% of new silver supply comes from primary silver mines. 71% of newly mined silver is only produced as a by-product of other metals like gold, copper, lead and zinc. Silver Supply

In a recent Kitco News interview (Kitco.com) E.B. Tucker, director at Metalla Royalty & Streaming (OTC:MTA), (TSXV:MTA) said:

“Silver’s got some catching up to do. One of the things about silver that people need to understand is that the supply of silver is not elastic, and what that means is if the price goes higher, the mines can’t just turn it on. Only about a quarter of the supply comes from actual direct silver mining, the rest of it comes from by-products, and recycling.”

Even once silver prices soar, mines that produce silver cannot just ramp up silver production. And silver is often a small portion of their revenues, so there’s little incentive to produce more.

3. Silver’s Technical Outlook

With fundamentals lining up, let’s examine the technical side of silver’s near-term outlook. Silver Daily Chart

Silver has been forming a symmetrical triangle pattern since early August. Volume’s been dropping over the past month, and the RSI and MACD momentum indicators continue to move downwards. This suggests more consolidation and, for now, a possible downside move once the triangle is breached. The $26 level is the first downside target, then the $23–$24 range would be next.

Silver stocks, via Global X Silver Miners ETF (NYSE:SIL), are reacting in much the same way as silver itself.

SIL Daily

The only difference here is the RSI has gone mostly sideways for five weeks. For SIL I’d expect a first downside target to be $45, followed by $40.

But once the current consolidation/correction is over, which could still play out over several more weeks, I’d expect silver to come back with a vengeance.

The Fed is standing ready to “print more on demand,” while the European Central Bank and others are signaling more as well. The COVID pandemic is seeing cases tick up as kids head back to school and we head indoors. Oh, and there’s a critical federal U.S. election, amid a highly antagonistic political environment, in under two months.

Silver is likely going to reach above $37 before the year is out, as its monetary role starts to dominate once again.

Rest assured, your patience will be rewarded.

SOURCE: https://www.investing.com/analysis/silver-bulls-will-be-handsomely-rewarded-200537685

Silver’s Brilliant Year Validates Longtime Bugs’ Enthusiasm SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 10:20 AM on Thursday, September 10th, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

Ned Naylor-Leyland has been all-in on silver for 18 years, earning derision along the way from fellow investors favoring the more glamorous gold. Now, with silver’s price skyrocketing 51% this year, he’s got reason to feel vindicated.

The manager of the $1-billion Merian Gold and Silver Fund in London proudly calls himself a “silver bug,” a term describing an investor whose fervor for the precious metal is more extreme than the typical bullion enthusiast’s. The bugs foresee a crash of the fiat cash system in the aftermath of unprecedented monetary stimulus, putting silver back in play as a viable currency. Their core tenet is that gold’s cheaper, more volatile cousin will continue surging in value.

“I’ve been waiting since 2002 for the inevitable demise of this monetary system,” Naylor-Leyland said. “I’ve been standing there waving on the top of a hill for the last 20 years, and suddenly everyone’s pointing at me saying, ‘That man’s a genius.’”

They have plenty of forebears. The Coinage Act of 1873 demonetised the metal in the US, sparking backlash against the government and allegations of corruption from the “Silverites.” The most notorious speculators were the Hunt brothers, three sons of a Texas oil billionaire whose fear of inflation and belief in the metal as a store of wealth prompted them to try corner the global market in 1980. They stockpiled more than 200 million ounces, driving the price to $49.45 before it crashed below $11.

Now, the bugs are having another moment. The metal has had an outstanding year, with its gain almost double gold’s. The rise has come off the back of a weakening dollar, plunging real rates and geopolitical tensions — all of which give investors motivation to seek haven in precious metals.

But that gain is nothing to most silver bugs, who foresee even higher prices because they believe more people will lose faith in the value of government-issued currency. Just read their Reddit message board with 47 000 members or the online Silver Forum with almost 12 000.

“Silver’s got its animal instincts back,” Naylor-Leyland said. “People have spotted it, and they’re interested in it.”

Not everyone is on board, though. Jeffrey Christian, managing director of New York-based commodities research firm CPM Group, has heard the story before.

“These guys have been waiting for the collapse of the global financial system for 40 to 50 years,” he said. “Nothing you can do can make them think they’re looking at the world the wrong way.”

The disciples point to evidence suggesting they’re right. Physical silver bars, the preferred investment vehicle for die-hard bugs, currently are in short supply, with refiners struggling to keep up with demand from dealers.

The delays also can be attributed to silver being less valuable than gold, so smelting enough bars to produce a quantity worth investing in is more labor-intensive. Whatever production there was took another hit when refineries shut down earlier this year because of the coronavirus pandemic.

For other silver-bug favorites like coins, investors are paying far more than the spot price to get hold of them. Gregor Gregersen, founder of Singapore-based dealer Silver Bullion, said premiums for American Eagle and Maple Leaf coins currently are about double the usual, due to scarcity.

Retail investors’ thirst for silver is also tapping into exchange-traded funds, which added more than 8,800 tons of the metal this year. They’re particularly popular with the Robinhood Markets crowd, which prefers to invest digitally rather than by purchasing bars and coins.

The number of users buying into the largest silver ETF, the iShares Silver Trust or SLV, more than doubled in the month leading to August 13, when the app stopped publishing the data

But to the old-fashioned silver bugs, ETFs aren’t worth the paper, or smartphone screen, they’re written on. They allege the funds are backed by metal that doesn’t exist and are a tool designed by banks to absorb investor demand and curb prices.

“In this market, the only thing that counts is physical,” said Gijsbert Groenewegen, a co-founder of hedge fund Gold Arrow Capital Management who quit in 2011 to run a firm investing in silver miners. “Physical and in your own possession.”

SOURCE: https://www.miningweekly.com/article/silvers-brilliant-year-validates-longtime-bugs-enthusiasm-2020-09-07

Affinity Metals $AFF.ca Commences Field Exploration and Drill Program on Regal Gold and Silver Project $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 9:08 AM on Friday, August 14th, 2020
  • Exploration program will focus on several key areas of the property and will consist of further geological mapping and associated geochemical sampling
  • 2,000 meters of diamond drilling.

Vancouver, British Columbia–(Newsfile Corp. – August 14, 2020) – Affinity Metals Corp. (TSXV:AFF)”) (“Affinity”) (“the Corporation”) is pleased to announce that it has commenced the 2020 field exploration program at its flagship Regal Project encompassing 8,800 hectares of the northern end of the prolific Kootenay Arc approximately 25 km northeast of Revelstoke, British Columbia, Canada.

The exploration program will focus on several key areas of the property and will consist of further geological mapping and associated geochemical sampling as well as up to 2,000 meters of diamond drilling. The initial program may be expanded depending on ongoing prospecting and sampling being conducted in previously unexplored areas of the property.

Allco – Silver Discovery

The drilling in the Allco area is designed to test part of a large, several kilometer long northwest-southeast fault/contact that separates limestones from argillites. Previous 2019 prospecting and surface sampling in the vicinity of several past producing historic adits resulted in the discovery of several high grade silver and gold surface outcrops. Drilling in this same area last fall resulted in a significant new silver discovery being made with drill hole #10 intersecting 11.10 meters of 143.29 g/t silver including 0.55 meters of 2612.0 g/t silver. This intersection also carried high grade zinc and lead with some copper. Mineralized intersections within the drill core consisted mostly of argentiferous galena, sphalerite and tetrahedrite hosted within quartz veins and breccias.

The Allco portion of the 2020 exploration program will focus on expanding the hole #10 silver discovery through step out drill holes and detailed surface mapping and will also attempt to test the continuity of the mineralized structure further along the fault/contact.

Z-TEM – SG3 Acoustic EM Geophysical Anomaly

Drilling is planned to test a very large geophysical anomaly defined by previously flown Z-TEM (Geotech Ltd.) as well as overlapping SG3 Acoustic EM (Earth Sciences Services Corp.). The anomaly is located between the Allco and Regal areas of the property in an area in which several major fault structures converge.

This geophysical anomaly potentially represents a significant “engine” for the regional geological system exhibiting high grade polymetallic veins and enriched silver-lead-zinc soil anomalies distributed over a several kilometer trend through the past producing Allco and Regal areas of the property.

Robert Edwards, CEO of Affinity stated: “We are excited to get back on the property to build on the successes of the past exploration with our 2019 silver discovery and also to now drill test this substantial geophysical target. The timing of this Regal program really couldn’t be better coinciding with the gold and silver markets showing incredible bullishness.”

Qualified Person

The Qualified Person for the Regal Project for the purposes of National Instrument 43-101 is Alicia Carpenter, P.Geo. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity is following a hybrid approach of combining the advancement of strategic assets along with following a Project Generator model.

Affinity presently holds two properties in British Columbia as well as five properties located near Timmins, Ontario. Affinity is presently advancing both the Regal and West Timmins Gold projects.

The Regal is located near Revelstoke, BC in the northern end of the prolific Kootenay Arch and hosts several major geophysical anomalies as well as three historic small-scale past producing mines. Affinity conducted the first known drill program in the Allco area of the property in 2019 which resulted in a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and assays from that first hole are expected to be received by the Corporation within the next two weeks.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected]

Information relating to the Corporation is available at: www.affinity-metals.com

Gold-Silver Ratio Reaches Its Highest Level In 87 Years From Its Lowest Level In 41 Years SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 9:56 AM on Monday, August 10th, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

  • The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value

As technical indicators go, the ratio of gold price to silver prices, commonly referred to as the gold-silver ratio, is considered by precious metal traders to be one of the most reliable indicators for forward price movements in silver.

The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value.

Previously the highest the ratio has ever been was 132 to 1 in 1933, when the US government invoked Executive Order 6102 and forced US citizens to sell all but a small portion of their gold and silver holdings to the Federal Reserve.

In more recently the highest the ratio has reached id 97.3 to 1 in February 1991 (Figure 1), at the height of a global economic recession. After this high in the ratio, the silver price rose in a continued uptrend from an average price of US$3.74/oz in February 1991 to US$6.84/oz in February 1998, an increase of 83%.

Figure 1: Gold-Silver Ratio since 1990

Source: Mining and Metals Research Corporation Ltd.

In June 2003, after a sustained five-year period of lower gold-silver ratios, the gold-silver ratio reached a high of 78.7:1, over the next five years the silver price rose from US$4.53/oz to a high of US$19.32/oz in March 2008, (Figure 1) an increase of 326%.

A spike in the gold-silver ratio in December 2008 to 79.3:1, associated with another global recession, was a leading indicator of a 315% increase in the silver price from US$10.29/oz in December 2008 to US$42.7 in April 2011 (Figure 1).

The gold-silver ratio has now risen from a low of 34.7:1 in April 2011, its lowest level since 1979, to its highest level in 87 years of 111.7:1 in April 2020, before reducing to 90.6:1 in July on the back of a 35% rise in the silver price over just three months (Figure 1).

Could we now be facing a sustained uptrend in the silver price?

Historical precedent appears to suggests so, only once in history was silver more undervalued compared to gold than it was in April 2020 and that was in 1933 when the US Government forced its citizens to sell their precious metal holdings.

Source: https://www.proactiveinvestors.co.uk/companies/news/926237/gold-silver-ratio-reaches-its-highest-level-in-87-years-from-its-lowest-level-in-41-years-926237.html

Affinity Metals $AFF.ca Advisor Ronald Stoerfele Provides His Perspective On Gold In This New Bull Market $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 12:41 PM on Wednesday, July 29th, 2020
  • “Ronald Stöferle: Gold Outperforming the Equity Markets”

Interview with the author of “In Gold We Trust” and fund manager at Incrementum. Gold is in a healthy and strong bull market, fueled by the financial stimuli of governments and central banks. Ronald Stöferle has set an ambitious price target for gold at the end of the decade.

In Honor of Silvers Epochal Breakout SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 8:06 AM on Thursday, July 23rd, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver Click Here For More Info

  • Silver broke out from a giant base pattern that started to form as far back as 2013 – 2014
  • Probabilities are very high that it has much further to go, both in respect to time and magnitude of advance

The purpose of this update is to celebrate and mark silver’s powerful breakout from a giant base pattern that started to form as far back as 2013 – 2014, a breakout which has only happened during the past 2 days, yesterday and today, with today’s advance finally seeing it break clear above the resistance at the upper limits of the base pattern. While this doesn’t mean it can’t drop back again it makes it less likely, and even if it does it is likely to soon turn up again.

Quite clearly, when you are only 2 days into a bullmarket that is starting after the completion of a 6-year long base pattern, the probabilities are very high that it has much further to go, both in respect to time and magnitude of advance. Today’s breakout may very well have been triggered by the bellicose actions of the US with respect to China in closing its embassy or whatever it is in Houston, which is a continuation of an increasingly hostile attitude to China, based on the US attempt to tear down what it views as its main rival for global dominance. Now, with its economy getting ever closer to imploding completely, the US is looking to direct the mounting anger and frustration of its population towards a manufactured external enemy, which is what politicians always seek to do when their backs are against the wall. Today’s action was another step on the road to a major war, which is a normal consequence of economic depression. In addition to that we had the ludicrous and laughable assertion that Russia has been trying to hack coronavirus research secrets, which is just another irrelevant distraction. Regardless of what actually triggered the breakout it was a valid and powerful breakout as we can see on the charts set out below….

Not surprisingly, the effect of silver’s breakout on all things silver was electrifying, with a good example being shown below, Kooteney Silver, which is a silver stock we went for back in May because its charts looked so strong, and which is already up 50%.


With the prospect of hyperinflation in the not too distant future due to relentless and increasingly desperate and extreme money printing by Central Banks, the prospects for silver and silver investments have never been brighter as one thing we can look forward to is the biggest silver bullmarket in history by far.


This is a very good juncture at which to watch Mike Maloney’s interesting and insightful new video on silver entitled Silver Soars – Where To Next?

End of update.

SOURCE: https://www.clivemaund.com/article.php?id=5493

Wall Street Is Throwing Billions at Once-Shunned Gold Miners SPONSOR: Affinity Metals $AFF.ca $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 1:02 PM on Tuesday, July 21st, 2020
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Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. In addition to the West Timmins Gold project, Affinity is advancing the Regal Project in the northern end of the prolific Kootenay Arch. Regal hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver

(Bloomberg) — A year ago, you couldn’t get Wall Street to touch most gold miners’ stocks. Today, it’s throwing billions at the industry.

Precious-metals miners once seen as too leveraged and high-risk for the typical investor raised $2.4 billion in secondary equity offerings during the second quarter, data compiled by Bloomberg show. That’s the most since 2013 and seven times more than the funds they raised a year earlier.

With the Covid-19 crisis threatening economies worldwide and gold prices soaring on the heels of monetary and stimulus programs, precious-metals companies have become the darlings of the investment community. The sector, which once largely drew the attention of specialist funds, is now attracting a broad base of investors.

“All of a sudden we’re seeing real interest from generalists,” said Bryan Slusarchuk, chief executive officer of Fosterville South Exploration Ltd., whose company plans to dig for gold in Australia. “If this continues, it could just be the start of an incredible bull market for gold equities.”

The market for gold miners has been dominated by the top two giants, Newmont Corp. and Barrick Gold Corp., with investors shying away from many of the others. That’s either because balance sheets had too much leverage or companies had too few mines and projects to spread out the risk. Many also remember the writedowns that followed the gold price slump of 2013.

Junior Miners

But junior miners are now starting to benefit. Take the case of American Pacific Mining Corp., an exploration and gold-mining firm with market capitalization of less than $20 million. The company raised $3 million in the second quarter, six times more than it had initially planned. Interest was so big that it had to turn away offers for more, said CEO Warwick Smith.

“The big boys play first, and then that money trickles down to the smaller companies, exploration companies,” he said.

The reasons that boosted the appeal of gold miners are the very same pushing investors away from companies digging for metals like copper or lithium, which are more dependent on economic growth. Base and industrial metals firms raised just $34 million in the second quarter, data compiled by Bloomberg showed. Thats a 40% decrease from the same period a year earlier.

Battery metals projects are also struggling to lure investors.

Clean TeQ Holdings Ltd.’s Sunrise nickel-cobalt-scandium project in Australia is a prime example. The company said in mid-June it wasn’t able to commit to a final investment decision on the $1.5 billion project as the pandemic presented “challenges for funding.”

“Bankers don’t like risks,” said Andrew Bowering, a director at American Lithium Corp., which has an exploration project in Nevada. “That means you need to strike a long-term offtake agreement so they have guaranteed production from the mine, and right now you’ve got no big buyers.”

Gold Allure

The allure of gold companies comes even as the coronavirus makes mining harder, with a higher risk of infections in tight, closed spaces. Barrick last week said it continued to benefit from strong prices even as the pandemic shuts down mines.

Investment in the sector is also coming in the form of mergers and acquisitions. Deals heated up in the second quarter, with 12 transactions valued at $2.86 billion being announced, according to Bank of America. That’s nearly double the first three months of the year.

“With mines being closed and things tightening up, the C-suite are all in the boardroom, and they’re talking to other companies about M&A,” said Smith of American Pacific. “They’re talking to their bankers, they are reaching out to have these conversations, and deals are getting done.”

Source:https://www.bnnbloomberg.ca/wall-street-is-throwing-billions-at-once-shunned-gold-miners-1.1468213

Affinity Metals $AFF.ca Provides West Timmins Project Drill Program Update $MKR.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 9:10 AM on Thursday, June 18th, 2020
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  • 1st hole drilled to depth of 525m at West Timmins Property
  • Core logging and sampling will commence shortly and samples will then be submitted for analysis.

Vancouver, British Columbia–(Newsfile Corp. – June 18, 2020) – Affinity Metals Corp. (TSXV: AFF) (“the Corporation”) (“Affinity”) is pleased to report that it has now completed drilling the first hole on the West Timmins property located approximately 29 km southwest of Timmins, Ontario, Canada.

The hole was drilled to a depth of 525 meters. Core logging and sampling will commence shortly and samples will then be submitted for analysis.

The property package consists of 20 mineral tenures spanning 429 hectares. The property directly adjoins to the west and along geological strike to the Melkior Carscallen project with both properties optimally located directly along the northern flank of the prolific Destor Porcupine Fault Zone. Melkior very recently made a significant gold discovery that has attracted not only the market’s attention but also the interest of Kirkland Lake Gold to participate in furthering exploration of the Melkior project model through joint participation.

The ground making up the West Timmins property was included/highlighted as a specific project example which meets exploration model recommendations as outlined within the 2012 published, Timmins Resident Geologist Report: “Recommendations for Exploration – Gold in Felsic Intrusions”. The geological model and potential of the West Timmins property correlate positively with the recent Melkior Carscallen exploration advancements.

The property is road accessible with a major highway (101) and regional scale power utility transmission lines passing directly through the property. Both Induced Polarization and Acoustic EM geophysics surveys have been conducted on the property and will assist in guiding future exploration.

The West Timmins property is located along the same structural and geological trend which hosts the Pan American Silver “Timmins West Mine” located approximately 13 km to the east along highway 101 and is also in close proximity to the Timmins mining camp, which is a major structural control corridor that has produced over 75 million ounces of gold.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. The Company is structured as a “Prospect Generator”.

In addition to the present work being conducted on the West Timmins property, Affinity is also focused on advancing the Regal Project located near Revelstoke, British Columbia, Canada. The Regal property is located in the northern end of the prolific Kootenay Arch and hosts two major geophysical anomalies as well as three past producing mines. Recent drill results included a new silver discovery with an 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

On behalf of the Board of Directors

Robert Edwards, CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: [email protected].

Information relating to the Corporation is available at: www.affinity-metals.com

Trend Reversal in Silver is Coming: TD Securities Bets Long on Silver SPONSOR: Affinity Metals $AAF.ca $SII.ca $TUD.ca $GTT.ca $AMK.ca $OSK.ca $RKR.ca

Posted by AGORACOM-Eric at 3:44 PM on Thursday, June 4th, 2020
This image has an empty alt attribute; its file name is Affinity_Metals_Corp_Logo.png

Sponsor: Affinity Metals Corp. (TSX-V: AFF) is a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the drill ready Regal Property near Revelstoke, BC where Affinity Metals is making preparations for a spring drill program to test two large Z-TEM anomalies. Click Here for More Info

  • A trend reversal is looking likely for silver, according to TD Securities, which issued a long call on silver, projecting a $19-an-ounce price level by March 2021.

TD Securities uses its C.H.I.L trend analytics to make trade predictions that uses “10,000 simulations of future price paths to determine critical thresholds for a change in trend.”

The bank’s latest call focuses on silver, with strategists citing an uptrend forming — “top trade betting on uptrend formation in silver: long Mar21 $19.00/oz silver call,” they said.

At the time of writing, July Comex silver futures were trading at $17.935, down 0.13% on the day. Silver has been playing catch-up to gold these past three weeks after missing out on the safe haven’s rally in April and the beginning of May.

TD Securities strategists project more gains for silver in the long term, highlighting industrial demand as one of the key drivers.

“A low hurdle rate for a sustained trend reversal, combined with a backdrop of firming industrial demand, rising investment flows and limited speculative activity argue for a potential positive skew in the distribution of silver’s returns,” the bank’s commodity strategists said this week.

This new trend could reverse the divergence in precious-metals space that saw gold posting gains while silver and platinum struggled, TD Securities said.

“Risk appetite and deflationary worries cap gold. Industrial precious benefits from improving commodity demand,” the strategists said. “Conditions are favorable for a trend reversal in silver which could keep prices supported as a sustainable uptrend forms.”

After reaching $19 in March 2021, TD Securities projects further gains that would see prices rise to $20.25 in the third quarter of 2021 and then to $21.75 in the fourth quarter of 2021.

‘Silver is an explosive metal’

Silver is benefiting from increased industrial demand as well as rising safe-haven flow demand, the bank pointed out.

“A simple analysis extracting the (rolling) regression coefficient of silver’s returns as a function of gold’s and our commodity demand indicator suggested that silver has increasingly been driven by commodity demand. At the same time, however, we note that silver ETF [exchange-traded-fund] holdings have been highly correlated to gold’s of late — suggesting investment demand for the precious metals theme is also flowing to silver. Speculative interest in CME products has been extremely low, but a CTA [Commodity Trading Adviser] buying program could revive speculative interest,” the strategists explained back in May.

The combination of the two drivers working side by side “creates the set-up for explosive performance,” the strategists added, pointing to fairly constrained supply side.

SOURCE: https://www.kitco.com/news/2020-06-04/Trend-reversal-in-silver-is-coming-TD-Securities-bets-long-on-silver.html