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Seabridge Gold Inc. (TSX:SEA, NYSE:SA) – Site Visit: Ploughing Ahead at Snowstorm

Impact: Mildly Positive
We recently visited Seabridge’s Snowstorm property in Nevada. We were impressed with the potential this early stage project offers shareholders as it is situated within a prolific gold trend with several world class mines (i.e. Twin Creeks, Turquoise Ridge, etc.). Seabridge has been steadily advancing the project and we expect initial exploration results (drilling, plus geophysics) to be announced before year-end. In our view, a discovery made at Snowstorm is likely to be coveted by its neighbor to the south (ABX/NEM). While Snowstorm is at an early stage, it appears to be very prospective and we expect it to add additional exploration sizzle to Seabridge as results are released.

RNC Minerals (TSX:RNX) – Q4/19 Cash Flow to Benefit from Another Nuggety Gold Discovery

Impact: Positive
RNC Minerals reported another high-grade gold discovery at its Beta Hunt Mine in Western Australia. An estimated 3,200 ounces of coarse gold has been recovered approximately 30m north of the Father’s Day vein at the 15 Level A Zone (Figure 1). We continue to believe that the high-grade gold clusters at Beta Hunt are not anomalies but are likely to be regular occurrences that have potential to provide a significant boost to the bottom line. Company guidance and our model currently ignore these treasure troves until they are on the balance sheet but we think the market should pay attention.

RECENT transactions

C$5.0 million

Lead Agent

C$4.0 million

September 2019

C$7.1 million

August 2019
on financing

C$7.7 million

August 2019
on financing

C$14.3 million

August 2019
on financing

C$10 million

July 2019
on financing

Upcoming events

Precious Metals
Beaver Creek

September 10 - 13, 2019 | Beaver Creek Resort
Beaver Creek, CO

Precious Metals Summit offers the premier event that brings together the community
of institutional investors, sell-side representatives and corporate executives from senior precious metals companies to meet and network with some of the most prospective producers, explorers and developers from around the globe.

Denver Gold Forum

September 15 - 18, 2019 | Hyatt Regency
Denver, CO

The Denver Gold Forum (DGF) is the world’s oldest and largest gathering of precious commodity equities. Presented every year since 1989, it now showcases seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserves. The Gold Forum has germinated tens of billions of dollars worth of sector transactions since inception.

Red Cloud's
Oktoberfest Showcase

Sept 26, 2019 | Omni King Edward Hotel
Toronto, ON

Details Coming Soon