HENDERSON, NV / ACCESSWIRE / March 27, 2019 / With the SPDR Gold Shares ETF (NYSE: GLD) up over 10% since last October, gold is a must own for all investors. The bull market run has hit the 10-year mark and there is no doubt that investors are nervous and are looking to move into more secure investments like gold.
Today we are looking at several gold stocks, including Inception Mining, Inc (IMII). Inception Mining owns and operates a producing mine with the capacity to produce 1000 tons per day. Let's begin research today.
The 5 Gold Stocks we are highlighting: Inception Mining, Inc. (IMII), Eldorado Gold Corporation (EGO), Royal Gold, Inc. (RGLD), Coeur Mining, Inc. (CDE), and SSR Mining Inc. (SSRM).
Inception Mining, Inc. (IMII) (Market Cap: $19.369M; Share Price: $0.344) just announced that the company has completed a National Instrument 43-101 Technical Report that includes an estimate on its Clavo Rico Project located in El Corpus, Departamento Choluteca, Honduras. The Technical Report has an effective date of 15 March 2019 and can be found on the company's website at http://inceptionmining.com/clavorico/43-101-report/.
Highlights of the Report include:
- Economic mineralization at Clavo Rico is contained in three distinct zones including an oxide zone, a supergene enrichment zone, and a sulfide zone.
- Data on 96 recent and historic drill holes totaling 6264 meters of drill core yielding 2552 assays together with 827 channel samples collected from historic adits.
- Data on an oxide zone. The oxide zone has been producing since 2015.
- Data on a sulfide zone that was calculated using two different modeling techniques to reflect geologic uncertainties.
- Data of the supergene enrichment zone.
- The conceptual geologic model, supported by field mapping, production records and both recent and historic drill programs suggests that significant potential exists to increase the known mineral resource with additional drilling.
Inception Mining is a producing gold mining company engaged in the identification, exploration, acquisition and development of mineral properties. IMII owns and operates the Clavo Rico mine.
Now's a good time to start your research on IMII.
Eldorado Gold Corporation (EGO) (Market Cap: $803.543M; Share Price: $5.03) recently announced that its 2018 Production was ahead of plan with 349,147 ounces of gold, including 35,350 ounces of pre-commercial production from Lamaque. This exceeded the original 2018 guidance of 290,000 – 330,000 ounces, and far more than their 2017 output of 292,971 ounces. Gold revenue from continuing operations was $386.0 million (2017: $333.3 million) on sales of 304,256 ounces of gold at an average realized gold price of $1,269 per ounce (2017: 264,080 ounces at $1,262 per ounce). Eldorado's President and CEO, George Burns, stated: ''As a result of the team's hard work in 2018, we are well positioned to grow annual gold production to over 500,000 ounces in 2020.''
Royal Gold, Inc. (RGLD) (Market Cap: $6.181B; Share Price: $94.34) posted an adjusted earnings per share of 36 cents in second-quarter fiscal 2019, which ended Dec 31, 2018. This beat the Zacks Consensus Estimate by a penny. The company reported a loss per share of 23 cents for the prior-year quarter. Since the last earnings report for Royal Gold, shares have added about 2.3%, outperforming the S&P 500, as of March 8, 2019.
Toroso Investments LLC, an institutional investor, has acquired 184,836 shares in Coeur Mining, Inc. (CDE) (Market Cap: $933.175M; Share Price: $4.59) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The stock is valued at approximately $826,000. Coeur Mining, Inc. explores for, develops, and produces gold, silver, zinc, and lead properties, and for the quarter ending in Dec-18 Coeur Mining, Inc. generated $0.14 billion in sales. Toroso Investments LLC owned approximately 0.09% of Coeur Mining at the end of the most recent quarter.
SSR Mining Inc. (SSRM) (Market Cap: $1.66B; Share Price: $13.59) recently announced the closing of its Offering of $230 million aggregate principal amount of 2.50% unsecured convertible senior notes due 2039. Net proceeds of the Offering will be used to repurchase, in separate privately negotiated transactions, approximately $150 million of its outstanding $265 million 2.875% convertible senior notes and for general corporate purposes. The initial conversion rate for the Notes will be 54.1082 common shares per $1,000 principal amount of Notes, equivalent to an initial conversion price of approximately $18.48 per Share. Paul Benson, President and CEO commented, "completing this Offering provides certainty to our capital structure, while lowering the interest rate of our debt.''
Signed by
Priyanka Goel, CFA
Legal Disclaimer:
This article was written by Regal Consulting, LLC (''Regal Consulting''). Regal Consulting has agreed to a three-month term consulting agreement with IMII signed 02/12/2019. The agreement calls for $25,000 in cash and 10,000 restricted shares of IMII per month. All payments were made directly by Inception Mining, Inc. to Regal Consulting, LLC to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. IMII was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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