Thursday, 2 March 2017

TNR Gold: McEwen Mining Is Drilling At Los Azules Copper, Argentina.




Rob McEwen has provided his report yesterday on 2016 full year and Q4 results. It is great to see that  McEwen Mining, Operator on Los Azules, is moving forward with all its projects. Now the time has come for the giant Los Azules Copper in Argentina. Argentina is back in business, Dr. Copper is signaling that reflation trade is on and Freeport's Grasberg mine will not be coming on-line in 2017.

Now McEwen Mining is drilling on Los Azules Copper project and new PEA with reduced CAPEX will widen greatly the audience of the potential investors to move this project to the next level of development and applicable valuation. TNR Gold is holding Royalty on Los Azules with McEwen Mining among other strategic assets.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


McEwen Mining:

“On many important fronts, 2016 was a good year for McEwen Mining. We generated significantly higher cash flow and earnings per share despite producing 6% fewer ounces. We grew our treasury by 84% without resorting to equity financing, or sale of  metal streams, or royalties, or taking on debt. Looking forward into 2017, our next chapter of growth begins. Pending government approval we are ready to start construction in Nevada at our Gold Bar deposit late this year. In Mexico, we are reconfiguring our El Gallo Silver project to improve its economics. In addition, we are testing new exploration targets. In Argentina, our Los Azules project is getting more attention as a result of the improving copper price. Finally, when completed our proposed friendly acquisition of Lexam VG Gold will enhance our development and production pipeline with several high grade gold  projects in Timmins, Canada, one of the world’s largest gold districts,” said Rob McEwen, Chairman and Chief Owner.

Los Azules Project (100%) 
  
During 2016 we spent $1.6 million in further baseline environmental and optimization studies, and related activities at Los Azules. The 2017 drilling season was started with an initial budget of $6.4 million to be spent in the first quarter with further drilling dependent on weather and results. In addition to drilling, we plan to spend $3.2 million on further studies and other works to advance the Los Azules project."


Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this email; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



New Green Energy Metals Royalty Company: TNR Gold Corp. Announces Strategic Changes.




We are living in exciting times. We are witnessing the generational change, which will define our future for the next 50 years. We are entering the era of The New Energy, which will be based on Solar, Wind and our ability to store Energy with Lithium Technology. Magic metal Lithium is at the very heart of this technology. Red metal Copper becomes Green by providing us with the best material to build all necessary infrastructure for The Switch. All world is going Electric. We will need a lot of Copper to make it happen: electric motors will power almost everything and charging infrastructure is mushrooming all over the world now. And the old as the history of our world Gold will still provide the Solid Core Values on which I would like our Company to be built. Gold is money and will always be it. 

I would like to thank all shareholders of TNR Gold for their continuous support of our company. 

My special thanks are going to all TNR Gold Team, Natalia Lobanova, John Harrop, John Wisbey, Ross Thompson and Greg Johnson. I would like to welcome Maurice Brooks who will be heading my transition Team. Now it is time to build the TNR Gold Team and bring our Company to the new level. 

I share my business philosophy with Rob McEwen who has put it right on this topic: "Our most important audience, our shareowners, need to be given more respect." The rest will come with the hard work with a clear strategy and focus on execution. Now we have The Core of Our Team in place. Below you can find the short story of my journey up to this moment. Now we know what to do - it just has to be done.

TNR Gold will be moving forward as New Green Energy Metals Royalty Company.

Among our assets:

1. Royalty on the whole giant Los Azules Copper project in Argentina under the management of McEwen Mining with Rob McEwen advancing it now.
2. Stake in International Lithium with its strategic partner Ganfeng Lithium and Royalty on the whole Mariana project in Argentina.
3. Shotgun Gold project in Alaska, where we are working on the best strategic partner to advance it after our success with International Lithium and Ganfeng strategic partnership.

Kirill Klip, Chairman, President and CEO of TNR Gold stated: “I would like to thank management and directors of TNR Gold for the development of our Company and its portfolio of projects to this stage. Now it is time to bring our Company to the next level based on strategic partnerships with worldwide leaders in our industry like Ganfeng Lithium at International Lithium and McEwen Mining at Los Azules Copper project in Argentina. My strategy will be defined by maximising shareholders’ value in our Company. My priorities will be to build TNR Gold Team and advance our projects with strategic partners, who can provide the world-class technology and capital. My focus will be to minimise dilution while optimising capital management at TNR Gold in order to maximise the value of the assets of our Company.”

We will be changing all relevant information on our websites and presentations. As always, you must rely only on the official filing by our companies on SEDAR and SEDI. Please never hesitate to contact us to find more about our Companies.

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

    



TNR Gold And Los Azules Copper: McEwen Leads Extraordinary List Of Mining Hall Of Fame Inductees.




"This exemplary group of mining experts, innovators and pioneering Canadians are global leaders of the highest caliber," said Bill Roscoe, Chair, Canadian Mining Hall of Fame.



"When we start talking about mining and investing in the same sentence, it must be followed by risk, extraordinary returns and people who made it happen. You have never heard about thousands of entrepreneurs who failed, you read only about a few who made it big. Rob McEwen - Mr. GoldCorp himself is one of those precious masters who keeps the doors of investment banks open for the mining community. 

It is a very old definition of a gold mine: "A hole in the ground with a liar at the top." For so many investors, unfortunately, it was proven right. The dreams and the real men of integrity with dreams are two very different things and brutal reality separates people and their money in mining very fast. It is a very rough statistic, but out of every 1,000 drill holes only 10 will return the mineralization justifying the further exploration with a necessary scale indicating an economic potential of the project, then only 5 will confirm the economic deposit and you are very lucky if the 2-3 will ever become a mine.


McEwen Mining.



Very early into this game, I have learned to stick with the best people in the industry who has made it before. The story of Veladero Gold project in Argentina where Lukas Lundin family has invested $16 million in the developing of the project which was later bought by Homestake (Barrick Gold) for $300 million will get your attention.  Lukas Lundin was teaching me as his very happy investor in Tenke Mining and other companies to trade exploration risk for political one: countries can change, one-off incredible gigantic deposits will stay. And if you are lucky they can become yours. Lucas Lundin and Tenke Mining story deserve a full book as a part of MBA in mining investment and economics. 

Now I do hope that Rob McEwen is writing another one. This time in Argentina. Giant Los Azules Copper is ready for further development. Argentina is moving very fast in the right direction, just recently the debt issuance was oversubscribed and hundreds of millions are coming in the hot lithium mining sector now, with International Lithium strategic partner Ganfeng Lithium from China making headlines these days. Now Rob McEwen is talking about the turnaround in the mining environment in Argentina and his new outlook for Los Azules development. A new budget is allocated for the project including new drilling and new PEA is coming soon to start the high-grade operations and dramatically reduce the CAPEX for the project.

We have met with Rob on the different sides of the tennis court and you can really appreciate the master only after you have played a great match. Now TNR Gold is enjoying Royalty held on all Los Azules project among its other assets and all these different pieces are finally coming together. We have Rob McEwen with his Midas Touch, Energy rEVolution which will propel demand for the Green Red Metal and the giant copper deposit in the country anxious to reignite its growth. Now it is only a matter of time when the magic words "value for shareholders will be realized". Rob not only knows these words very well but he is judging all his action by this motto. 

Nothing will come easy in this life. Sticking to the best can only bring you some comfort. The magic comes only after DYOR: Do Your Own Research. You cannot find here any investment advice, but only my chronicles of the ups and downs leading to the tops. Only a few have really made it big, the article below is about them and Rob McEwen is in the lead. Read more."


McEwen Mining.


Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.


McEwen Mining.