Gold

moneta porcupine stock

Moneta Gold

Developing One of the Largest Undeveloped Gold Projects in North America

ME:CA
TSX:ME

Overview

The Timmins Gold camp in Ontario, Canada, stands as the country's most prolific gold-producing camp. With over 85 million ounces of gold production across the last 100 years, the large region continues to present investors with world-class gold and mineral discovery possibilities.

Mineral exploration companies operating gold projects in this famous gold district leverage excellent infrastructure and positioning near some of the most economic gold players in mining. However, with multiple junior developers in the region, finding the gold mining company with the best gold assets is what stands the best investments apart.

Moneta Gold (TSX:ME), formerly Moneta Porcupine Mines is one of these companies with a large position in the camp. Focused on its highly prospective flagship Tower Gold Project on the Destor Porcupine Fault corridor in the prolific Timmins gold camp in Ontario, Canada, Moneta Gold holds a 100 percent interest in several gold projects and a 50 percent joint venture with Kirkland Lake Gold Ltd. (TSX:KL).

Moneta Gold's Tower Gold Project hosts a total gold resource of 4.0 million ounces indicated and 4.4 million ounces inferred. The Tower Gold project is a combination of the Golden Highway Gold project and the adjacent Garrison Gold project acquired from O3 Mining (TSXV:OIII, OTCQX:OIIIF). The Garrison gold project consists of the large Garrison open pit gold resource containing 1.8 Moz indicated and 1.1 Moz inferred resources.

Operating in the Timmins Gold camp allows the company to leverage the existing excellent infrastructure in Timmins, which helps support future gold production scenarios.

The future of the Tower Gold Project which contains the Garrison Project and Golden Highway projects remains highly prospective with tremendous resource and economic growth opportunities. Moneta has 100% ownership of one of the largest undeveloped gold projects in North America with regional-scale potential. The company plans an extensive 70,000 m drill program this year followed by an updated resource estimate followed by an updated preliminary economic assessment (“PEA") which will examine a development scenario with significantly expanded scope and production profile.

During 2020 the underground South West deposit within the Golden Highway Project and the Garrison open pit gold deposits were subjected to PEA studies which showed robust economics with solid gold production profiles. New open pit and underground deposits and discoveries at Golden Highway were not included in the PEA studies.

The company is focusing 2021 on testing the significant resource expansion potential identified at Golden Highway and Garrison to expand the total gold resource endowment on the total Tower Gold project and believes the project will be large enough to support milling infrastructure. It is expected that the expanded resource base will result in a significantly expanded scope and production profile in the planned updated PEA study which will address the combined project.

Moneta Gold has a robust capital structure and strategic shareholder portfolio. The company's market cap stands at CAD$213 million with 557.5 million shares outstanding and no debt. The company is supported by a loyal and strong institutional shareholder base, significant insider ownership, the backing and support of O3 Mining and a good retail investor following.

Moneta Gold's management team combines over 35 years of financial management, geology, and mineral exploration experience. Moneta Gold's CEO, Gary O'Connor, has a proven track record of project development and brings world-class expertise in mining investment. Together, he and his team are preparing the company for outstanding economic growth and mineral exploration opportunities.

Get access to more exclusive Gold Investing Stock profiles here

Recent News

Company News

VIDEO — Will Rhind: Upside Favors Gold; Strong US Dollar Checking Gains for Now

Is there more upside right now for gold or the US dollar? "I think clearly I'm in the camp of favoring gold on that one," said Will Rhind of GraniteShares.

Will Rhind: Upside Favors Gold; Strong US Dollar Checking Gains for Nowyoutu.be

Strength in the US dollar is keeping the gold price in check right now, but that won't last forever.

Speaking to the Investing News Network, Will Rhind, CEO of GraniteShares, said the yellow metal is in a good position given market conditions and looks set to strengthen moving forward.

"(Gold has) really managed to shrug off a lot of the negatives around rising rates and a strong dollar, and I think people have got to ask themselves, 'How much more can the dollar strengthen from here? ... Realistically is there more upside for the dollar here, or for gold?' I think clearly I'm in the camp of favoring gold on that one," he said.

Keep reading...Show less

12 Largest Producers of Gold by Country (Updated 2022)

China, Australia and Russia are the largest producers of gold in the world, but which countries round out the list? Find out here.

The gold price has tracked higher in the past few years, sparking interest in the biggest producers.

The precious metal’s price gains have come along with the uncertainty born from the global economic impact of the COVID-19 outbreak, as well as geopolitical turmoil.

These circumstances have left investors seeking safe-haven assets like gold. So far gold production levels have seemed to defy pandemic disruptions, but rising inflation is likely to push up costs for miners.

Keep reading...Show less

AGNICO EAGLE PROVIDES NOTICE OF RELEASE OF SECOND QUARTER 2022 RESULTS AND CONFERENCE CALL

Stock Symbol: AEM  Agnico Eagle Mines Limited   today announced that it will release its second quarter 2022 results on Wednesday, July 27, 2022 after normal trading hours. Second Quarter 2022 Results Conference Call Webcast Agnico Eagle's senior management will host a conference call on Thursday, July 28, 2022 at 11:00 AM to discuss the Company's financial and operating results. Via Webcast: A live audio webcast ...

Stock Symbol: AEM (NYSE and TSX)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle " or the " Company ") today announced that it will release its second quarter 2022 results on Wednesday, July 27, 2022 after normal trading hours.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

VIDEO — Kal Kotecha: Gold Price Holding Up Well, Time to Watch for Buying Opportunities

"Those are the times that in my opinion people can make a lot of money by putting money into assets," Kal Kotecha of Junior Gold Report said.

Kal Kotecha: Gold Price Holding Up Well, Time to Watch for Buying Opportunitiesyoutu.be

Gold's performance has disappointed some market participants this year, but according to Dr. Kal Kotecha of Junior Gold Report, the yellow metal is holding up well compared to other assets.

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, Kotecha said that looking back over the last 20 years, gold has outperformed major indexes like the S&P 500 (INDEXDJX:.DJI).

"A lot of people want to see gold at US$5,000 and US$10,000 (per ounce), kind of like how bitcoin rose quite a bit. But gold is a different beast in itself," he said. "So in my opinion gold is doing well."

Keep reading...Show less