Mining dealmakers set for year of hot M&A after monster gold bid

Mining dealmakers set for year of hot M&A after monster gold bid

half the gains gone in a few trades. Silver to go first.

Now that the jobs report dilemma was solved, it’s onward and upward.

As you said, the charts look promising. I’d like to see the $HUI start to gain some steam and head back up and thru 240 pretty quickly for some confirmation.

$1850 needs to go.

Gold Resource Corporation Reports Results of Operations for the Year-Ended December 31, 2022

https://finance.yahoo.com/news/gold-corporation-reports-results-operations-224500058.html

Freegold Demonstrates Robust Mineral Resource Estimate at Golden Summit Using $1,650 Au 11.9 Moz indicated & 7.5 Moz inferred in Primary Resource

https://finance.yahoo.com/news/freegold-demonstrates-robust-mineral-estimate-011500449.html

ARIS MINING UPDATES MINERAL RESERVES AND RESOURCES FOR THE SEGOVIA OPERATIONS WITH FULL REPLACEMENT OF 2022 PRODUCTION

https://finance.yahoo.com/news/aris-mining-updates-mineral-reserves-123000562.html

Karora Resources Completes Beta Hunt Second Decline Ahead of Schedule, Provides Development Update and Announces Director Retirement

https://finance.yahoo.com/news/karora-resources-completes-beta-hunt-114300509.html

Cassiar Gold Expands Mineralization at Taurus East Intersecting 6.6 m of 22.44 g/t Au from Surface and Reports Multi-Metre Intervals of Gold Mineralization from Wings Canyon

https://finance.yahoo.com/news/cassiar-gold-expands-mineralization-taurus-120000247.html

MacDonald Mines Confirms Several Positive Gravity Anomalies Characteristic of an Iron-Oxide-Copper-Gold Mineralization System

https://finance.yahoo.com/news/macdonald-mines-confirms-several-positive-120000738.html

Wallbridge Files NI 43-101 Technical Report for Detour-Fenelon Gold Trend Property

https://finance.yahoo.com/news/wallbridge-files-ni-43-101-120500537.html

Blackrock Silver Announces Private Placement for a Minimum of $4.0 Million and up to $7.9 Million

https://finance.yahoo.com/news/blackrock-silver-announces-private-placement-123200783.html

Gold Terra Intersects 5.3 g/t Gold over 6.43 Metres on Yellorex North Zone, Con Mine Option Property

https://finance.yahoo.com/news/gold-terra-intersects-5-3-130000291.html

Eloro Resources Ltd. to Commence Trading on the Toronto Stock Exchange

https://finance.yahoo.com/news/eloro-resources-ltd-commence-trading-133000550.html

Sitka Files Technical Report for 1,340,000 Ounce Gold Initial Mineral Resource Estimate for its RC Gold Project, Yukon

https://finance.yahoo.com/news/sitka-files-technical-report-1-133000860.html

Golden Cariboo Acquires Claims Within the Area of Osisko Development’s Cariboo Gold Project and Announces $500,000 Private Placement

https://ceo.ca/@thenewswire/golden-cariboo-acquires-claims-within-the-area-of-osisko

Lahontan Gold Announces Filing of Santa Fe Technical Report

https://ceo.ca/@accesswire/lahontan-gold-announces-filing-of-santa-fe-technical

Sassy Discovers New High-Grade Gold Vein at Westmore

https://ceo.ca/@accesswire/sassy-discovers-new-high-grade-gold-vein-at-westmore

Luminex Extends Cuyes West to Depth, with 5.0m grading 14.47g/t Au Eq and Identifies Wider, High-grade Zone Including 3.0m Grading 39.87 g/t Au Eq

https://ceo.ca/@newswire/luminex-extends-cuyes-west-to-depth-with-50m-grading

KAINANTU RESOURCES DISCOVERS 1.55 G/T GOLD, 0.39% COPPER, 20.8 G/T SILVER AT KRL SOUTH – CONFIRMS HIGH GRADE RESULTS AT ONTENU PROSPECT

https://ceo.ca/@newswire/kainantu-resources-discovers-155-gt-gold-039-copper

The jobs report was moved to next Friday, March 10th

That’s odd to me, no reporting I’ve seen on the delay. First the COT’s and now the Employment Report.

I see dead people… 🙂

Hopefully the technicals play out. I think today is kind of pivotal, but agree, the setups are all in place.

Just have to see what the scum is gonna do. We’ll get a clue in 5 minutes.

Down $1,133.00 – dat’s a big move.

Maybe the adults in the room are turning to pm’s.

FWIW I have a daily sell signal on rates..ie rates lower.

If Gold closes above 47.33…then we get a Weekly Key Reversal to upside….any above 11..gives simple reversal, the higher the better of course…but either case suggests this down move is over…especially if we can get a decent weekly reversal

Plus on averages…useing Adens favourites…the recent decline has backtested the 23 Month and 65 week and broken back above the 15 week…..the backtesting and subsequent bounce is v bullish.

I had a bad read on the SM futures. They are up but not screaming higher.

Anyhoo, we have wind at our backs for the time being with the USD, Rates, and the SM all cooperating.

Catching a little bid in the overnights, slowly creeping up toward $1850. Don’t usually like to see pm’s up going into an eco report – especially the jobs report –  because it sets the table for a reversal lower. Hopefully that’s not the case today.

Dollar down a little lending some support. SM futures exploding, not sure what that’s about. Bitcoin down almost 5%.

All eyes on 0830 EST

Eureka!
https://railpictures.net/photo/809214/

TD Doubles Down On 10Y Treasury Long In Anticipation Of Hard Landing

Left for a little and see we closed up a hair at the HOD in the HUI. I guess technically that’s the 4th day in a row we’ve managed to eeke out a gain.

Curious whether we get the usual beatdown after the jobs number or will we have that rare occasion when we soar on the news.

We caught a break today not getting hit considering the stronger dollar and rates – good to see. Going out on a limb, I think we have a big move either way after the numbers.

Real estate not exactly liquid when the market goes south! I’d hate to own one of those half filled buildings (or less) with poor prospects of getting more tenants. The Mortgage Man never stops coming around.

Lots of BKs on the horizon.

Even Dopey/Dollar is up a little the past few days. I think the Fed will have to go a lot higher with rates to kill their so called inflation outlook. I’m sure they are watching Gold re inflation. not wages they are way behind the curve.  Oil gasoline nat gas etc are behind the curve lower too the past year.

So what inflation is left? Remember the everything bubble? Stocks Bonds and Real Estate? Stocks an bond prices are a little lower. Real estate? Rents Food? If they are higher its only because of inflation in Property Taxes.

How can the Fed fight Property tax inflation? Put them on the Futures Market. LOL.

Re Blackstone that is the problem with treating real estate as a tradeable item …..it ain’t…it’s either great or quite…but when it goes South, nothing moves……

That said WFH is gonna have some serious impacts….I read HSBC in it’s London HQ, has 10 of it’s 45 stories locked up and is looking to move into smaller building of 40 % or less than the current one and that is down to WFH.

https://en.wikipedia.org/wiki/8_Canada_Square

Somehow, we are sort of hanging in there with the 10 yr up 8 bips to 4.08% and the USD 3/4%

I can’t bitch too much about today’s action yet.

I think tomorrow is make or break day.

Blackstone Defaults On $562MM CMBS As It Keeps Blocking Investor Withdrawals From $71BN REIT

Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.

This morning Bloomberg reports that Wall Street’s largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a €531 million ($562 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord it acquired in 2018.

https://www.zerohedge.com/markets/blackstone-defaults-531-property-backed-cmbs-it-keeps-blocking-investor-withdrawals-71bn

Power supply problems in the South African electric grid is starting to affect metal production at mines in the country.

This affects #gold, platinum group metals, chrome ore and manganese ore, zirconium, vanadium and titanium.

Lousy energy policy has consequences. ? pic.twitter.com/ablyVGMHqr

— Wall Street Silver (@WallStreetSilv) March 1, 2023

JUST IN: ? ? ?

For what purpose? To report to who? pic.twitter.com/NKTEBTFH5G

— Wall Street Silver (@WallStreetSilv) March 2, 2023

“Headwater Gold” I don’t remember hearing about that one. You are right! There is a huge number of mining stocks.

HUI bounced off 220, I guess I’m saying there’s a chance…

do you know anything about this little Headwater Gold? There’s a lot going on in Nevada.

There’s a ridiculous amount of mining stocks.

He hasn’t been around here for a long time. I would like to get his thoughts.

The battle for $1840 begins anew.

GFG Upsizes Private Placement Financing to C$4.2 Million

https://finance.yahoo.com/news/gfg-upsizes-private-placement-financing-120000945.html

Moneta Gold Intersects 24.75 m @ 4.60 g/t Gold from Infill Drilling at Tower Gold and Provides Corporate Update

https://finance.yahoo.com/news/moneta-gold-intersects-24-75-115000986.html

SCOTTIE RESOURCES INTERCEPTS 17.4 G/T GOLD OVER 6.57 METRES ON BLUEBERRY ZONE AND EXTENDS STRIKE LENGTH TO 1,550 M

https://finance.yahoo.com/news/scottie-resources-intercepts-17-4-123000609.html

Labrador Gold Intersects 2.32 g/t Au Over 18.6 Metres at Big Vein

https://finance.yahoo.com/news/labrador-gold-intersects-2-32-130000118.html

Fury Announces C$7 Million Financing

https://finance.yahoo.com/news/fury-announces-c-7-million-131800389.html

River Valley Palladium Pre-Feasibility Study Update

https://ceo.ca/@thenewswire/river-valley-palladium-pre-feasibility-study-update-fd871

Aftermath Silver Announces Expanded Mineral Resource Estimate for Berenguela Silver-Copper-Manganese Project, Peru

https://ceo.ca/@newsfile/aftermath-silver-announces-expanded-mineral-resource

TNR Gold NSR Royalty Update; McEwen Mining’s Los Azules Copper, Gold & Silver Project – Close of ARS $30 Billion Investment by Stellantis

https://ceo.ca/@newsfile/tnr-gold-nsr-royalty-update-mcewen-minings-los-azules

Altamira Gold Reports over 90% Gold Recoveries from Initial Metallurgical Tests on Drill Samples from the Maria Bonita Target, Cajueiro Project, Brazil

https://ceo.ca/@newsfile/altamira-gold-reports-over-90-gold-recoveries-from

Beauce Gold Fields Recovers Large Gold Grains from a 4 km Long Glacial Drift Formation on the Emberton Property

https://ceo.ca/@newsfile/beauce-gold-fields-recovers-large-gold-grains-from

Independence Gold Acquires Laidman Project, British Columbia and Provides an Update on the 3Ts Project

https://ceo.ca/@newsfile/independence-gold-acquires-laidman-project-british

Blue Star Gold Outlines Strong Discovery Potential at its Nunavut Projects

https://ceo.ca/@newsfile/blue-star-gold-outlines-strong-discovery-potential

Austin Gold Projects Update

https://ceo.ca/@newsfile/austin-gold-projects-update-aa6e1

Prudent Minerals Independent Technical Report Discloses Exploration Target of up to 6.3 MT and Potential High Grades at its ABE Project

https://ceo.ca/@newsfile/prudent-minerals-independent-technical-report-discloses

Altaley Mining Announces Proposed Name Change to Luca Mining Corp. and Debt Settlement Agreements

https://ceo.ca/@thenewswire/altaley-mining-announces-proposed-name-change-to-luca

TomaGold announces results of geophysical work on its Obalski property

https://ceo.ca/@globenewswire/tomagold-announces-results-of-geophysical-work-on-its

Almadex Provides Update on Projects, Partner Activities and Exploration Plans for 2023

https://ceo.ca/@globenewswire/almadex-provides-update-on-projects-partner-activities

Mako to Satisfy Gold-Linked Loan Repayments to Sailfish in Silver

https://ceo.ca/@newsfile/mako-to-satisfy-gold-linked-loan-repayments-to-sailfish

Graycliff Exploration Expands Property Package by Acquiring Lunge Project

https://ceo.ca/@newsfile/graycliff-exploration-expands-property-package-by-acquiring

Orestone Continues to Refine Gold Copper Trend and Porphyry Drill Targets at Captain Property

https://ceo.ca/@newsfile/orestone-continues-to-refine-gold-copper-trend-and

Emerita Intersects 46.6 M Grading 0.3 % Copper; 1.7 % Lead; 2.7 % Zinc; 4.21 g/t Gold, 84.4 g/t Silver and 32.0 M Grading 0.4 % Copper; 3.6 % Lead; 8.2 % Zinc; 1.9 g/t Gold, 119.7 g/t Silver at La Romanera Deposit

https://ceo.ca/@globenewswire/emerita-intersects-466-m-grading-03-copper-17

Newpath Resources Inc. Provides Update on Its Northshore Gold Resource

https://ceo.ca/@newsfile/newpath-resources-inc-provides-update-on-its-northshore

Headwater Gold Announces Additional High-Grade Assays from Spring Peak, Nevada Including a New High-Grade Vein Discovery

https://ceo.ca/@thenewswire/headwater-gold-announces-additional-high-grade-assays