Connect with us

International

Candelaria Mining

Developing Quality Gold Mines in Mexico
The post Candelaria Mining appeared first on Investing News Network.

Published

2 years ago

on

This Candelaria Mining profile is part of a paid investor education campaign.*

Overview

2020 has changed the gold industry in many ways, with the early pandemic period seeing a significant spike in gold’s value. One analyst aggregated forecasts to determine that the value of gold is projected to reach between US$2,000 and US$4,500 beyond 2021.

The recent peaks and troughs of the gold price have resulted in a resurgence in merger and acquisition activity. In 2021, the mining space saw big transactions completed: Newmont (NYSE:NEM,TSX:NGT) acquired GT Gold for US$311 million, Fortuna Silver Mines (NYSE:FSM, TSX: FVI) acquired Roxgold, AngloGold Ashanti acquired Corvus Gold.

In an interview with Byron King who writes Whiskey & Gunpowder at Agora Financial, he shared that major mining companies, “need some assets to start to support those valuations. So they have to start to look for ways of bulking up just their internal ownership of gold in the ground or development projects, if not early stage mining projects.” King also reminded investors to look at juniors with management that have worked with major mining companies before.

Candelaria Mining (TSXV:CAND) is one such company. CEO Mike Struthers brings in an impressive 40 years of experience in mining companies such as Lundin Mining (TSX:LUN) where he was Projects Director for seven years, working on a variety of capital projects and mine expansions; and 15 years with international mining firm AMC Consultants where he worked with an impressive clients list including majors such as Rio Tinto and BHP Billiton.  Non-executive Chairman Neil O’Brien was also part of Lundin Mining, helping grow the company from a 3 person team in Stockholm until retiring as a Senior VP Exploration and New Business Development.

Candelaria Mining is also strongly supported by major gold mining company and strategic investor Agnico Eagle.

The company currently has two 100-percent owned high-grade gold projects in Mexico: Pinos and Caballo Blanco, the company’s flagship project. Candelaria Mining has the potential to become a 150,000 oz/year gold producer between these two high-grade assets.

The Caballo Blanco District contains a variety of low- and high-sulphidation epithermal gold targets, in 3-4 mineralized centers, together with porphyry Cu-Au targets in the south, and has six high-priority drill-ready targets that will be tested during 1H 2022. The most advanced project in the district, La Paila, had a PEA completed in 2012 (using $1150/oz gold price) which envisaged an open pit/heap leach project producing an average of 100 koz gold per year for 7 years.  The district is adjacent to Azucar Minerals’ El Cobre Property which has demonstrated five porphyry systems to date. Strategic investor Agnico Eagle recognizes the potential of the district and is strongly supportive of Candelaria. It is also worth noting that gold mining major Newcrest Mining owns 19 percent of Azucar Minerals.

Pinos has a construction timeline of 12-14 months and will commence upon finalizing project financing. The project has a positive PEA that states an average yearly production of 12,700 gold equivalent ounces during the initial seven years of the mine life.

Request an Investor Kit:

Candelaria Mining

By completing this form, you are giving consent to receive communication from Candelaria Mining using the contact information you provide. And remember you can unsubscribe at any time.

Candelaria Mining’s Company Highlights

  • Candelaria Mining is an exploration and mining company focused on developing two high-grade gold projects in Mexico
  • Agnico Eagle is a strategic investor with 16 percent stake in the company
  • Both of Candelaria Mining’s projects target high-grade gold assets that could see the company evolve into a 150,000oz/year gold producer.
    • Caballo Blanco District contains one PEA-level project and 3-4 centers of gold mineralization with multiple drill-ready high-priority targets to be tested in 2022;
    • Caballo Blanco is adjacent to Azucar Minerals’ El Cobre Property which has demonstrated five porphyry systems to date. Newcrest Mining owns 19 percent of Azucar Minerals.
    • Pinos is fully permitted with a 12-14 months construction schedule.
  • Management team has decades of experience with major and junior mining companies in a variety of jurisdictions throughout the world.

Candelaria Mining’s Key Projects

Caballo Blanco

This 100-percent owned project is located in the state of Veracruz on the eastern Mexican coast. The project location has excellent infrastructure with easy access, communications, and regional power networks all nearby. Water is supplied by local wells, and phone lines and high-speed Internet have already been established.

The Caballo Blanco District contains two regional scale mineralization centers, referred to as the Northern Zone and the Highway Zone, each with multiple priority targets within. These targets comprise low- and high-sulphidation mineralisation, together with porphyry-style mineralization in the south-east. A 2017 CIM-compliant pit-constrained resource on the most advanced project, La Paila, contained 512 koz of gold in the Indicated category, along with 95 koz as Inferred material, with the potential for that resources to further expand in three directions. 2022 will see the company drill-testing a number of other key targets to understand the potential scale of the mineralization and resources in the district as a whole.

Caballo Blanco is located near Azucar Minerals’ El Cobre project that has five copper-gold porphyry zones along a 4-5km trend.

Pinos

The Pinos project is located in a highly productive mining belt located in Zacatecas, the 2nd largest mining state in Mexico. The project is 12-14 months away from production and has historically produced gold with grades of 30-50 g/t gold from the 33 shafts throughout the district.

This project already has excellent infrastructure, including a paved road directly to the mine’s entrance. The project has been fully permitted and will be an underground cut-and-fill operation. Mill equipment is already available and the former mine development is usable with minor rehabilitation.

Existing infrastructure and facilities contribute to a low pre-production capital cost that will allow the mine to profitably operate at approximately US$85/tonne. A study is currently underway to further define the additional resource potential for the wider licence area, in this old mining district, and to prepare for construction.

Request an Investor Kit:

Candelaria Mining

By completing this form, you are giving consent to receive communication from Candelaria Mining using the contact information you provide. And remember you can unsubscribe at any time.

Candelaria Mining’s Management Team

Mike Struthers – CEO

Former CEO and current Director of Empire Metals; Projects Director Lundin Mining Corp. responsible for multiple strategic brownfield growth projects in operations in Portugal and Chile; formerly COO/Tech. Director of a Russian minerals company with large base-metals assets in Siberia; Director / Principal Geotechnical Engr for major international mining consultancy; senior roles in mining operations in Africa and Australia. 40 years in the mining industry.

Ramon Perez – President, Director

Former VP and co-manager of Carrelton Horizon Natural Resource Fund. Previously Senior Analyst in the Latin American division of Salomon Smith Barney Asset Management.

Armando Alexandri – COO

Mr. Alexandri is a mining engineer with 40 years experience in mining and metallurgical design with multiple companies including COO Dia Bras in Mexico and Peru (Sierra Metals Inc), COO Core Gold Inc., and COO of Impact Silver. Mr. Alexandri is also a consultant and advisor to Apian Capital and numerous mining projects. received his B. Eng. in Mining Engineering – Cum Laude from Universidad de Guanajuanto, Mexico in 1978, and qualified in Business Administration from Universidad de Monterrey in 1984.  Together with a core team of engineers and geologists he has built & operated over 10 mines in Mexico.

Sam Wong – CFO

Former controller at Luna Gold, Mr Wong oversaw the finance division during Luna’s transition from development through to commercial production. Mr. Wong is a Chartered Accountant and articled at Deloitte & Touche LLP in Vancouver, BC where he specialized in assurance and advisory for mining companies.

*Disclaimer: This profile is sponsored by Candelaria Mining (TSXV:CAND). This profile provides information which was sourced by the Investing News Network (INN) and approved by Candelaria Mining in order to help investors learn more about the company. Candelaria Mining is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Candelaria Mining and seek advice from a qualified investment advisor.

The post Candelaria Mining appeared first on Investing News Network.

Read More

Related Topics:
Continue Reading

International

Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

Published

2 hours ago

on

March 12, 2024

By

They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com. 

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

Read More

Continue Reading

International

Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

Published

2 hours ago

on

March 12, 2024

By

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int

Journal

The Lancet Global Health

Method of Research

Observational study

Subject of Research

People

Article Title

Incidence of typhoid fever in Burkina Faso, Democratic Republic of the Congo, Ethiopia, Ghana, Madagascar, and Nigeria (the Severe Typhoid in Africa programme): a population-based study

Article Publication Date

12-Mar-2024

Read More

Continue Reading

International

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

Published

3 hours ago

on

March 12, 2024

By

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

Read More

Continue Reading

Trending