Gold Producers like Kinross, Newmont, B2Gold etc.

This topic has 31 replies, 7 voices, and was last updated 6 days, 16 hours ago by ron.

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- August 22, 2024 at 12:26 pm
- Quote
RonS
Keymaster

The gold producers have started to move and we have some up 100% and more. I thought I would start a topic with all on the Selection List but feel free to comment on any gold producer here. The current list includes

Alamos Gold AGI

Kinross KGC TSX:K

B2Gold BTG TSX:BTO

Newmont NEM

Iamgold TSX:IMG

Calibre Mining TSX:CXB

Equinox EQX

Torex Gold TSX:TXG

PanAmerica Silver PAAS actually produces more gold than silver

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- - April 11, 2025 at 6:13 am
 - Quote
 ron
 Participant
 
 Are you going to PDAC Gambler, maybe time to ask them about Gramalote.
 
 B2Gold Corp.
 
 http://www.b2gold.com
 
 Booth No.2731
 
 Exhibitor Type: Investors Exchange
- - April 7, 2025 at 11:27 am
 - Quote
 Goldenboy
 Participant
 
 Anyone buying any of the bargains yet?
 - April 7, 2025 at 2:20 pm
 
 Quote
 ron
 Participant
 
 Bought B2Gold.
- - April 1, 2025 at 10:37 am
 - Quote
 Gambler
 Participant
 
 I bought some more B2Gold and some encouraging news today
 
 B2GOLD ANNOUNCES TSX APPROVAL FOR NORMAL COURSE ISSUER BID
 
 Further to the press release of B2Gold Corp. dated Jan. 13, 2025, the Toronto Stock Exchange (TSX) has accepted the notice of B2Gold’s intention to implement a normal course issuer bid (NCIB).
 
 The company’s decision to approve the NCIB is consistent with its amended shareholder return strategy outlined in the announcement press release, and reflective of the company’s belief that the market may undervalue the common shares of B2Gold from time to time, the shares may trade in a price range which may not adequately reflect the value of the shares in relation to the business, assets and prospects of B2Gold from time to time, and purchases of shares pursuant to the NCIB may represent an appropriate and desirable use of the company’s capital.
 
 The company had 1,319,616,807 shares issued and outstanding as of March 20, 2025. The TSX approval allows the company to purchase up to 65,980,840 shares, representing 5 per cent of the issued and outstanding shares as of March 20, 2025, over a period of 12 months commencing on April 3, 2025. The NCIB will expire no later than April 2, 2026.
- - February 20, 2025 at 11:40 am
 - Quote
 Gambler
 Participant
 
 All these stocks moving up nicely, finally even B2Gold had a good pop today
 - April 11, 2025 at 6:14 am
 
 Quote
 ron
 Participant
 
 Are you going to PDAC Gambler, maybe time to ask those people about Gramalote.
 
 B2Gold Corp.
 
 http://www.b2gold.com
 
 Booth No.2731
 
 Exhibitor Type: Investors Exchange
 - April 11, 2025 at 6:13 am
 
 Quote
 ron
 Participant
 
 Are you going to PDAC Gambler, maybe time to ask them about Gramalote.
 
 B2Gold Corp.
 
 http://www.b2gold.com
 
 Booth No.2731
 
 Exhibitor Type: Investors Exchange
 - February 22, 2025 at 12:39 pm
 
 Quote
 ron
 Participant
 
 Are you going Gambler, maybe some questions can be asked to those people about Gramalote.
 
 Booth No.2731
 
 Exhibitor Type: Investors Exchange
- - February 18, 2025 at 7:18 am
 - Quote
 AlexGreat
 Participant
 Very good outlook for Newgold in their Feb 12 release
 
 2025 to highlight increasing production and decreasing costs leading to strong free cash flow generation
 
 “In 2024, the company reached a free cash flow inflection point and 2025 will continue to build on that. This year, we expect to see the value from the significant investments made in recent years on our growth projects through increased production, decreasing costs and substantial free cash flow generation,” added Mr. Godin.
 
 Consolidated gold production is expected to increase by approximately 16 per cent to 325,000 to 365,000 ounces in 2025, compared with 2024, driven by increasing production at Rainy River.
 
 Copper production is expected to be in line with 2024 at 50 million to 60 million pounds as the ramp up in C-zone throughput is offset by planned lower grades from both the exhaustion of the B3 cave and first draw bells from C-zone.
 
 All-in sustaining costs (on a byproduct basis) are expected to decrease by $215 per ounce or 17 per cent compared with the 2024 midpoint of guidance to between $1,025 to $1,125 per ounce in 2025, driven by higher production and lower operating costs from the New Afton C-zone crusher and conveyor system and as the Rainy River phase 4 strip ratio decreases.
 
 Total capital is expected to be $270-million to $315-million, in line with the 2024 guidance range, as New Afton C-zone and Rainy River underground Main continue to ramp up and as development starts at the New Afton East Extension and Rainy River phase 5 expansions.
 
 Strong free cash flow yield over three-year period
 
 “Our three-year outlook illustrates the significant margins our low-cost operations plan to achieve. Given the significant reduction in costs and expanding margins, at current commodity prices, New Gold is expected to generate significant cash flow over the next three years, translating to an impressive free cash flow yield through 2027,” added Mr. Godin.
 
 Two thousand twenty-six and 2027 consolidated gold production is expected to be 55 per cent higher (435,000 to 490,000 ounces) and 37 per cent higher (375,000 to 445,000 ounces), respectively, compared with 298,303 ounces in 2024 driven by increasing production profiles at both Rainy River and New Afton as growth projects are completed and ramped up in the near term.
 
 Copper production continues to increase with 2027 copper production expected to be between 95 million to 115 million pounds, approximately 94-per-cent higher than 2024 driven by increased grade and throughput from New Afton’s C-zone.
 
 All-in sustaining costs (on a byproduct basis) are expected to decrease by approximately 70 per cent compared with the 2024 midpoint of guidance to between $400 and $500 per ounce driven by lower total cash costs, higher production from both operations, higher copper byproduct and lower sustaining capital as the Rainy River phase 5 expansion is completed in 2026.
 
 Two thousand twenty-seven total capital is expected to be $70-million to $95-million, decreasing significantly compared with 2024 as the New Afton C-zone and East Extension infrastructure, Rainy River underground Main infrastructure, and Rainy River phase 5 expansion are completed.
 
 The higher production, lower costs and lower capital spend over the 2025 to 2027 period are expected to drive increasing margins and generate significant free cash flow for the company.
- - January 17, 2025 at 9:58 am
 - Quote
 ron
 Participant
 Not good news for BTO
 
 Globe says Winder lowers B2Gold to “underperform”
 
 2025-01-15 08:33 ET – In the News
 
 The Globe and Mail reports in its Wednesday, Jan. 15, edition that BofA Securities analyst Lawson Winder has lowered his recommendation for B2Gold to “underperform” from “buy.” The Globe’s David Leeder writes in the Eye On Equities column that Mr. Winder slashed his share target by $2 to $3.90. Analysts on average target the shares at $5.97. Mr. Winder issued his rating downgrade after B2Gold’s fourth quarter production and 2025 guidance fell short of expectations and it announced a 50-per-cent reduction to its annual dividend. Mr. Winder says in a note: “While we see the dividend cut as prudent given still large capital commitments, we think investors are likely to be disappointed. B2Gold intends to supplement the new dividend with share repurchases of up to 5 per cent of outstanding shares from later in Q1’25. We reduce our net asset value (NAV) estimate for B2Gold by 30 per cent to $2.75 per share from $4.20. … B2Gold is going through a period of significant investment and in 2025 will be ramping up production at its new Goose mine, often a challenge for miners. We look for better entry points to B2Gold shares.”
 
 This reply was modified 3 months ago by ron.
- - November 6, 2024 at 8:14 am
 - Quote
 ron
 Participant
 
 The Trump administration will be good for cryptos, they’re all up, gold and base metals already down, those who think the economy will be better under the republicans could be wrong.
- - October 19, 2024 at 12:59 pm
 - Quote
 RonS
 Keymaster
 
 Not much more shorting or short covering in the gold stocks
 - October 23, 2024 at 4:28 pm
 
 Quote
 DearJohn
 Participant
 
 Gold can’t go up everyday but I bought some of the Coeur Mining today
 - October 24, 2024 at 8:46 am
 
 Quote
 
 DearJohn
 Participant
 
 Kinross doing great, I am up well over 100% on this one
 
 The Globe and Mail reports in its Wednesday, Oct. 23, edition that National Bank Financial analyst Mike Parkin has reaffirmed his “outperform” recommendation for Kinross Gold. The Globe’s David Leeder writes in the Eye On Equities column that Mr. Parkin boosted his share target by a loonie to $20. Analysts on average target the shares at $16.10. Mr. Parkin says in a note: “Kinross maintains significant opportunities for growth within its North American portfolio, which should help to further improve its geopolitical risk profile. This includes the Great Bear project (Ontario), the potential Curlew basin restart (Washington State) and the Round mountain U/G project (Nevada) that is under development.”
 - October 23, 2024 at 9:31 am
 
 Quote
 Gambler
 Participant
 
 Yes loving that IMGold too. The stock has tripled this year and is up to it’s 2017 high
 - October 23, 2024 at 9:14 am
 
 Quote
 AlexGreat
 Participant
 
 RonS very interesting chart, it is amazing investors have been on the sidelines. I am killing it with IMGold, news out today
 
 October 23, 2024) – IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) is pleased to announce assay results from the 2024 drilling program completed at its Nelligan Project (100% owned by IAMGOLD) confirming the extension of the mineralized zones of the deposit. In addition, the Company has provided an updated mineral resource estimate for the Monster Lake Project (100% IAMGOLD) in order to refresh the 2018 NI 43-101 technical report. Both projects are located in the Chibougamau region in central Quebec, Canada.
 
 Highlights of the Neligan drilling program:
 
 Zone 36:
 
 46.1 metres (“m”) at 1.08 grams per tonne gold (“g/t Au”), including 6.3 m at 2.60 g/t Au in hole NE-24-222;
 
 18.8 m at 3.26 g/t Au, including 4.0 m at 8.05 g/t Au and 1.3 m at 10.8 g/t Au in hole NE-24-224;
 
 18.5 m at 1.23 g/t Au and 37.0 m at 1.38 g/t Au, including 1.5 m at 8.86 g/t Au in hole NE-24-225A;
 
 48.8 m at 1.48 g/t Au, including 7.5 m at 2.90 g/t Au and including 6.8 m at 2.73 g/t Au in hole NE-24-228;
 
 29.5 m at 1.19 g/t Au, 28.0 m at 1.62 g/t Au and 36.1 m at 1.63 g/t Au, including 1.5 m at 17.90 g/t Au in hole NE-24-233.
 
 Renard Zone:
 
 25.5 m at 2.12 g/t Au, including 1.5 m at 10.9 g/t Au in drill hole NE-24-224;
 
 35.2 m at 2.54 g/t Au, including 1.5 m at 7.18 g/t Au and 1.5 m at 9.22 g/t Au in drill hole NE-24-225A;
 
 23.5 m at 4.02 g/t Au, including 6.5 m at 7.51 g/t Au and 4.0 m at 8.05 g/t Au in drill hole NE-24-227A;
 
 29.0 m at 2.79 g/t Au, including 1.0 m at 29.4 g/t Au in drill hole NE-24-228;
 
 17.5 m at 5.18 g/t Au, including 1.5 m at 18.5 g/t Au and 1.1 m at 19.6 g/t Au in drill hole NE-24-230C;
 
 32.9 m at 2.75 g/t Au, including 3.0 m at 7.05 g/t Au and 0.8 m at 11.7 g/t Au in drill hole NE-24-233;
 
 34.5 m at 2.57 g/t Au, including 1.7 m at 10.9 g/t Au in drill hole NE-24-235A.
 - October 23, 2024 at 8:55 am
 
 Quote
 RonS
 Keymaster
 
 Interesting chart. So far this gold bull market has been driven by Central Banks, mostly eastern banks. We are seeing the first sign that Western buyers are waking up with a slight rise in ETF holdings. The last time western buying came int ETFs, gold ran from $1300 to $2000
 - October 23, 2024 at 8:29 am
 
 Quote
 AlexGreat
 Participant
 
 Comex gold another record high this morning
 - October 22, 2024 at 8:38 am
 
 Quote
 DearJohn
 Participant
 
 Not much news on gold in legacy media but it is starting to trickle out. And a few bank analysts are coming around
 
 Analysts at Citi raised their three-month forecast for gold prices to $2,800/oz and set a $3,000 forecast for the next 6–12 months. J.P. Morgan, too, has noted that gold’s fundamental price drivers still appear to have upside.
 - October 22, 2024 at 9:01 am
 
 Quote
 
 DearJohn
 Participant
 
 The Globe and Mail reports in its Friday, Oct. 18, edition that analysts at TD Cowen are expecting a “strong” third quarter for precious minerals companies, pointing to record-high gold prices and relatively flat cost expectations. The Globe’s David Leeder writes in the Eye On Equities column that accordingly, TD Cowen analysts continue to rate Kinross Gold “buy.” The analysts boosted their share target to $13 from $11 (all figures U.S.). Analysts on average target the shares at $11.07. TD Cowen analysts say in a note: “Q3/24 saw a record-high quarterly gold price of $2,477/oz (Q2/24: $2,338/oz). Geopolitical instability in the Middle East, Fed rate cuts, safe haven flows, central bank buying and a weakening U.S. dollar are all contributing to bringing gold to multiple record highs in Q3/24, touching $2,685/oz in late September. Physical gold ETF flows flip to net positive in Q3 on the back of a surging gold price. After witnessing net outflows in Q1 and Q2, physical gold ETFs experienced a 3-per-cent net inflow in Q3. Precious metal equity ETF fund flows also turned positive in September, after four months of outflows. This is lining up well to buoy the price of gold.”
 - October 22, 2024 at 8:12 am
 
 Quote
 Gambler
 Participant
 
 Could be another good day for gold and gold stocks. up about $8 early this moning
 - October 21, 2024 at 8:50 am
 
 Quote
 Goldenboy
 Participant
 
 Equinox should see a strong move soon. Here is an update from last week
 
 Equinox Gold Corp. has provided an operations update on its new Greenstone gold mine in Ontario, Canada.
 
 Greg Smith, president and chief executive officer of Equinox Gold, commented: “Since commencing operations, the Greenstone mine has demonstrated good progress with both mining and processing rates increasing substantially during Q3 and into October. The Greenstone team is focused on systematically ramping up both mining rates and plant throughput during the fourth quarter as the mine continues to progress toward design capacity. With approximately 42,500 ounces of gold produced in Q3 and 59,000 ounces produced since pouring first gold in May, we estimate 2024 production for Greenstone at 110,000 to 130,000 ounces.”
 
 Greenstone ramp-up progress
 
 Safety
 
 Greenstone has achieved strong health and safety performance since the start of project construction in Q4 2021, with more than seven million hours worked with one lost-time injury.
 
 Mining
 
 The mine has made substantial progress in establishing the footprint of the first phase of the open pit. With continued expansion of the mining areas and the commissioning of additional haul trucks, mining rates increased substantially during the third quarter, from average daily tonnes mined of approximately 76,000 tonnes per day (tpd) in July to 87,000 tpd in August and 125,000 tpd in September, with peak movement exceeding 180,000 tpd during the month. This momentum has continued into October to date with the daily mining rate averaging 145,000 tpd, steadily approaching the Q4 target of 170,000 tpd.
 
 The current operating mine fleet comprises 25 CAT 793 trucks haul trucks, two Epiroc D65 drills, six Epiroc Pit Viper 235 drills, four Komatsu PC5500 shovels, one Komatsu WE1850 loader and six Komatsu D375A-8 bulldozers, with an additional CAT 6030 excavator and four CAT 793 haul trucks expected to be commissioned in early 2025.
 - October 21, 2024 at 7:43 am
 
 Quote
 AlexGreat
 Participant
 
 Gold starting the week with another record high. Comex up $22 so far thei morning
 - October 20, 2024 at 11:01 am
 
 Quote
 DearJohn
 Participant
 
 Thanks RonS, up big on a handful of these producers. I bought some more Calibre. They just update guidance and the Valentine project
 Full Year 2024 Guidance Revision
 
 <ul type=”disc”>
 - Consolidated 2024 production guidance revised to 230,000-240,000 ounces.
 - Nicaragua’s Q4 mine plans deliver significantly higher ore tonnes mined, with production expected to be 60,000-70,000 ounces. Despite increasing ore haulage to Libertad by 30% to 3,000 tonnes per day in Q4, the Company forecasts an approximate 30,000 ounce increase in stockpiles by year end, available for processing in 2025.
 - Consistent with YTD performance, full year spend is anticipated to be in line with budget, with lower ounces sold resulting in higher TCC1 and AISC1 for 2024:
 <ul type=”circle”>
 - Consolidated TCC1 has been revised to $1,300-$1,350/oz; and
 - Consolidated AISC1 has been revised to $1,550-$1,600/oz.
 - Construction at Valentine surpasses 81% completion as of September 30, 2024:
 <ul type=”circle”>
 - Tailings Management Facility is complete and ready to receive water;
 - CIL leaching area tanks construction is nearing completion;
 - Reclaim tunnel and coarse ore stockpile construction is progressing;
 - Primary crusher installation is well advanced and overland conveyer construction has commenced; and
 - Pre-commissioning is underway.

- October 20, 2024 at 11:32 am
- Quote
AlexGreat
Participant

Pinnacle Digest just put out a nice youtube video on Calibre

October 20, 2024 at 10:08 am

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Gambler

Participant

RonS these gold picks are rocking, Torex up good last couple days and I am up over 100% now, doing excellent on other golds too and now silver producers

September 19, 2024 at 1:13 pm

Quote

Hoss

Participant

RonS, nice pick with Centimen CEE, I noticed that Blackrock has been buying shares. I wonder if they expect a higher bidder or just playing the price arbitrage?

September 19, 2024 at 12:27 pm

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Gambler

Participant

RonS, nice update on B2Gold, I bought some more of it. I like your Conclusion

Conclusion

B2Gold is fully financed to complete their Fekola plans and completion of the Goose mine. As of June 30 financial s they had $467 million in cash and no debt. They also have available an undrawn credit facility of $700 million.

The negative factors on total gold production and costs will all vanish in late 2024 so 2025 will be a very good year. And production will grow further in 2026 as the Goose project has a full year effect. It is a high grade low cost mine.
Also piled into 2024 is the total consolidated all-in sustaining costs per ounce reflect the final full year of spending on both the new Fekola Tailings Storage Facility (“TSF”) and the Fekola solar plant
expansion, in addition to the ongoing substantial capitalized stripping campaign planned at Fekola for 2024.

A metric I often use is the enterprise value of ounces of gold in the ground. B2Gold has a total M&I resources of 19.6 million ounces. They have US$467 million cash and 1,311 million shares at US$3.30 = $4,326 Market Cap – $467M cash= $3,859 = US$197/ounce.

In 2022 Kinross acquired Great Bear Mining for US$1.8 billion. There was no resource number at that time but the recent Kinross PEA says 2.74M oz M&I resource for a value around $650 per ounce based on the 2022 buyout.

Very recent, Osisko’s (OSK) 50% of Windfall is being bought by Gold Fields for C$2.16 billion – $300M cash values the gold at C$1.86 billion or about US$1.37 billion. Osisko’s Windfall project has 4.1 M ounces M&I, so 50% of that is 2.05 million ounces. That takeover values those ounces at US668 per ounce.

Granted, these are both high grade projects selling for around $650 per ounce. I believe that B2Gold’s ounces for a producing company should be way higher than $197 per ounce. Should at least be double that.

I mention Kinross here and they produce about 2.1 million ounces per year and similar AISC as B2Gold of $1,360/oz. Kinross has 25.96 million M&I resources and a market cap of $11.5B + (1.23B debt less .48M cash) .75M = $12.25B/25.96 = US$472/ounce valuation.

The stock has languished with these over hanging issues and is not fully pricing in a turn around for 2025. The recent downward trend (blue lines) driven by the previous negative fundamentals appears to be broken and with a higher high this week. We also have a nice double bottom in 2024. The stock is a long way from it’s 2020 highs and I see $6 as a minimum target for this year/early 2025.

September 13, 2024 at 9:04 am

Quote

Gambler

Participant

The Globe and Mail reports in its Wednesday, Sept. 11, edition that Stifel analyst Ingrid Rico has reaffirmed her “buy” recommendation for Calibre Mining. The Globe’s David Leeder writes that Ms. Rico gave her share target a 50-cent boost to $3. Analysts on average target the shares at $3.01. Ms. Rico says in a note: “Last week, we had the opportunity to attend a site tour that showcased Calibre’s Valentine project. A key value driver that will take Calibre to become a 500koz producer. We came away with a better appreciation of the remaining construction activities with development substantially derisked, and we gained comfort on an achievable Q2 2025 start-up. As we looked ahead to the operational expectations, we focused on the ore control drilling as a layer of reassurance on the reserve block model, and have gained confidence to reduce the discount factor we’ve been applying to the grade profile. Additionally, upside levers to production profile, reserve growth and mine life extensions became more evident in our conversations with the team. [Our upgraded share target] reflects an increase to NAVPS, along with an increase to our target P/NAV multiple as derisking of Valentine continues to drive the rerate.”

September 10, 2024 at 9:37 am

Quote

RonS

Keymaster

Kinross has completed a Preliminary Economic Assessment (PEA) for the Great Bear project which supports the Company’s acquisition thesis of a top tier high-margin operation in a stable jurisdiction with strong infrastructure. Based on mineral resources drilled to date, the PEA outlines a high-grade combined open pit and underground mine with an initial planned mine life of approximately 12 years and production cost of sales³ of $594 per ounce. The Project is expected to produce over 500,000 ounces per year at an all-in sustaining cost (AISC)¹ of approximately $800 per ounce during the first 8 years through a conventional, modest capital 10,000 tonne per day (tpd) mill.

Kinross has also released an updated mineral resource estimate increasing the inferred resource estimate by 568koz. to 3.884 Moz. which is in addition to the existing M&I resource estimate of 2.738 Moz⁴. The mineral resource estimate and PEA for the Great Bear project are available here.