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RECENT REPORTS
Great Panther Mining Ltd. (TSX:GPR) – Revenues Increase 9% Year Over Year
Great Panther released Q1/21 financial results, including its three 100%-owned mines: Tucano in Brazil and Topia and the Guanajuato mine complex in Mexico. GPR recorded higher revenue and stronger overall performance year over year (YoY), boosted by higher metals prices and a favorable dollar-Brazilian Real exchange rate. However, results were down quarter over quarter (QoQ), as the company was impacted by a lower gold price and a few one-time items. GRP’s financial performance is in line with our expectations, as the company had previously reported production numbers on April 13, and we believe the company is in solid shape to further grow and optimize its operations.
Tarachi Gold Corp. (CSE:TRG) – Excellent Drill Results Recorded at Jabali
Tarachi Gold reported highly impressive assay results from three underground diamond drill holes completed at the historic La Dura mine on the Company’s Jabali concession at its Tarachi project in Sonora, Mexico. All three holes encountered gold mineralization, with high-grade gold in two holes. Hole JAB-21-09 was the highlight of these results grading 6.91 g/t Au over 63.40m, including 33.66 g/t Au over 5.6m. Overall, these are excellent results with substantial high-grade mineralization over significant widths. The holes confirm that the mineralized structure continues down-dip to the east. The holes have also helped the company better identify the geology of the mineralized structure and should guide further drilling.
Brixton Metals Corp. (TSXV:BBB) – Final Batch of Assays from Langis; New Ni Anomaly Emerging
Brixton Metals announced results for the remaining 14 holes from its ~18,453m fall/winter drill program at its 100%-owned Langis Ag-Co project located in the Cobalt Camp of Ontario. These results further highlight the presence of significant Ag mineralization that is near historical workings in the Shaft 6 area. As well, new Ni and Zn assays from previously reported holes may have uncovered a large Ni anomaly. In our view, drilling continues to demonstrate the vast potential that remains at the past-producing Langis mine, and with a potential maiden resource estimate on the way, we believe Brixton is poised to breathe new life into this historical mining camp.
Cerrado Gold Inc. (TSXV:CERT) – Drilling Hits High-Grade, Near-Surface Mineralization at MDN
Cerrado Gold announced excellent results from fourteen drill holes and trenches from the Chulengo target at its 100%-owned, Minera Don Nicolas (MDN) mine and project located in Argentina. Drilling is part of an ongoing, 12,000m program focused on delineating new, high-grade, near-surface targets which can be brought into production in the near-term. We view these results positively as drilling has intercepted exceptional Au grades in near-surface material. With a strong management team experienced in Latin America, we expect the share price of this Au and Ag producer to re-rate as it continues to demonstrate increased production and exploration success. We believe, Cerrado is on track to become a mid-tier Au producer in the next 3 to 4 years.
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