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J Taylor's Headline News - 7/12,7/15, 7/16,7/17
As gold breaks out to new highs pay closer attention to the junior miners.
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As J Taylor’s Gold, Energy & Tech Stocks transitions completely to Substack, I’m hoping to be able to send out daily news and commentary on most business days once my dear wife returns from the hospital. So far she appears to be doing well with her stem cell treatment. But for now, I’m sending along news links for Monday, Tuesday and Wednesday of this week as well as a link for some very important Lion One Metals news on the outstanding progress that company is making at its Tuvatu project in Fiji.
Regarding gold, it is clear the yellow metal is breaking out now to another new high with nothing but “blue sky” above. How high the price of gold will rise to is a function as to how useless the dollar and other fiat currencies will become. But as that happens and people seek a currency that others will accept, they will have to return to money, not credit as we have been forced to use now. And when gold becomes precious in the minds of citizens around the world, the producers of actual money —gold and/or silver—can be expected to thrive. What I try to do with my letter is to find the best producers of those two monetary metals which is what countries revert to when they become broke just as a couple of the poorest countries in Africa are now doing, not to mention up and coming BRICS countries that are building their gold reserves to major levels even as the western countries continue to believe the Keynesian lie that gold is a barbaric metal.
Anyway, this daily chart of gold which dates back to April is a thing of beauty. You can see that the previous May-June highs have now been taken out.
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Here are headlines for Friday, July 12, Monday July 15, Tuesday, July 16, & July 17
FRIDAY, July 12
Lion One recovers 3,551 oz Au from Tuvatu in Q2
https://www.stockwatch.com/News/Item/Z-C!LIO-3575946/C/LIO
Somehow last Friday, I missed the release of Q2 gold production from this company’s Tuvatu gold mine in Fiji. It produced and poured 3,251 ounces of gold during the quarter from 32,100 tonnes of milled material. Keep in mind that much of the mill feed is still development material with much higher grades likely to be processed during the second half of this year.
The 3,551 ounces of gold produced Q2 represents an increase from Q1 of 1,394 ounces of gold production as the company continues with its pilot project. The increase in production is due to the introduction of mechanized production in May and June as well as the increased mill throughput from February to May. A total of 32,100 tonnes of mineralized material were processed during Q2 calendar year 2024, compared with 20,751 tonnes in Q1 calendar year 2024.
Management expressed satisfaction with production results as the company continues in the pilot plant phase. Q2 is the first quarter in which the plant has been operating at full capacity and it is the first quarter in which the company began mechanized production. As I have noted in the past, I think the market views the Tuvatu project as a small project that simply won’t make enough money to fetch the kind of multiples that can be obtained with larger scale miners. I think many companies will be surprised when they not only see the company start to double production capacity toward the 600 to 700 tonnes per day and as they begin to tap into the exceptionally high grade 500 zone.
Moreover, Tuvatu has all the markets to become a very large alkaline deposit akin to several others in that part of the world that are usually operated by major mining firms. As I have noted on many occasions, surface mineralization has been verified over a strike length of 7 kilometers in the very large caldera that hosts Tuvatu. I will be anxious to see operating costs now as well as anticipated lower costs with the implementation of mechanized mining. This has been a favorite of mine for the past couple of years. Read the entire press release here: https://liononemetals.com/site/assets/files/6347/lio_nr_24_14_production_update_final.pdf
MONDAY, JULY 15
Calibre plans 100,000-metre drill program for Valentine
https://www.stockwatch.com/News/Item/Z-C!CXB-3576289/C/CXB
Firefox Gold closes $456,000 first tranche placement
Goliath Discovers New Deep Mothership Feeder Zone At 648 Meters
https://www.stockwatch.com/News/Item/Z-C!GOT-3576184/C/GOT
Mako Mines Produces 12,206 ounces of Gold During Q2
https://www.stockwatch.com/News/Item/Z-C!MKO-3576526/C/MKO
Tectonic Metals arranges $3-million private placement
https://www.stockwatch.com/News/Item/Z-C!TECT-3576411/C/TECT
TUESDAY, JULY 16
Alpha Exploration arranges $6-million private placement
https://www.stockwatch.com/News/Item/Z-C!ALEX-3577058/C/ALEX
Avino Silver produces 616,571 AgEq oz in Q2 2024
https://www.stockwatch.com/News/Item/Z-C!ASM-3577030/C/ASM
Brixton Metals options Atlin to Eldorado Gold
https://brixtonmetals.com/brixton-metals-options-its-atlin-goldfields-project-to-eldorado-gold/
Lahontan Gold begins metallurgical testing at Santa Fe
Lahontan's metallurgical studies for its PEA
Nevada King Makes at Surface Oxide Gold Discover at East Ridge
WEDNESDAY, JULY 17
Oklo Completes Successful End-to-End Demonstration of Advanced Fuel Recycling Process
Oklo Demonstrates Advanced Fuel Reclycling
Sun Summit increases financing to $1.3-million
Timberline Announces Date of Special Meeting to Approve Merger with McEwen Mining
https://www.stockwatch.com/News/Item/U-by0889515-U!TLRS-20240717/U/TLRS
Look in your inbox on Saturday for my weekly hotline
Best Wishes,
Jay Taylor
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