With Plans for Production in Peru Soon, Smart Choices in Buying and Selling Properties, a History of Making Money from Those Choices, and a Top-Notch Team Leading the Way, Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) is Working to Make 2023’s Best Gold Success Story.
As the year kicks off with a financial rollercoaster on the way, the biggest minds in the market are pointing to 2024 to be the year of GOLD.
Looking ahead, it’s nearly unanimous that the precious metal is on a path towards record highs not only in 2024, but in 2025 as well.
After already gaining 13% in 2023 and hitting record highs in December[1], the fundamentals are firmly in place for gold to keep climbing.
Analysts at JP Morgan singled out holding gold and silver as their only Bullish Call for the year ahead[2], and foresee gold’s “breakout rally” in mid-2024 towards $2,300[3]. The Commodities expert at TD is projecting gold could hover at $2,100 by Q2 2024[4].
Now the former CEO of Sprott Inc. is telling investors to expect another new record gold price in 2024, and foresees an “M&A market” in the mining sector where “I think that the majors have never been busier in their corporate development departments.”[5]
Which points towards a major resurgence for junior gold mining stocks along the road ahead. Inflows towards Gold Miner ETFs seem to confirm the trend[6].
So what does that mean for investors?
It means they need to start panning for winners, that’s what!
While many in the gold mining sector are digging deep, Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) made big waves in 2023 by proving that being nimble, strategic, and responsive to market trends can bring big profits. The team’s unparalleled expertise in both asset acquisition and near-term production in Peru shows that gold mining isn’t just about digging – it’s about knowing when to hold, when to invest, and when to sell.
There are several factors to consider when evaluating juniors, and Element79 Gold checks ALL the boxes.
Foreseeable production with near-term cash flow? CHECK
Wise asset management with room to grow? CHECK
All-Star team with production experience? CHECK
For those who have won big at this game before, this vetting process is not only fun, but actually easy when the right signs present themselves as clearly as they do with Element79 Gold.
You want to see some signs of near-term cash flow. Whether it’s through production or a smart asset sale, you want to know that your investment won’t be tied up for eternity.
And now Element79 is moving forward to make the near-term cash flow a reality, having signed an LOI for ore sales in 2024 with Compañia de Minas Buenaventura S.A.A. (“BVN”) from its flagship Lucero Property in Peru[7].
Led by a management team with a group of gold diggers with a proven track record of success, Element79 has experience in all aspects of the gold game. When things get going, they won’t have to rely on a rookie team that’s fishing out their university textbooks to see what to do next.
Now let’s take a deeper look into why Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) is built to win in this upcoming gold rush, with the right property, the right team, and the right business plan to succeed.
Top 3 Reasons
to Give Your Attention to
Element79 Gold Corp.
(CSE:ELEM) (OTC:ELMGF)
1. Near-Term Production and Cash Flow: Through Peruvian ore extraction from a previously producing mine at its Lucero property, and an ore offtake agreement in place with a major, Element79 Gold has strategically positioned itself with a unique opportunity for near-term cash flow, which quickly puts the company into a position to move forward more smoothly. The property is already permitted for 350 tpd production, and has already produced at solid rates in the past and is seeing production today through artisanal local miners who will be enlisted to carry out production capabilities on the property and likely move ore to local mills for production and quick and easy cashflow to support other operations.
2. All-Star Team: The team assembled behind Element79 Gold is extraordinary, in that it brings to the table multiple mining experts with experience in finding, developing, and operating mines. Their pedigree is Top-Tier, with multiple CVs that include senior level positions with respectable industry players such as Barrick Gold, Skeena Resources, Freeport-McMoran, Eldorado Gold, Koch Industries, MMG, McEwen Mining, Rio Tinto, Kaunis Iron, KGHM, NOVAGOLD, and more. These aren’t inexperienced hands at the wheel who have to dig out their university textbooks to see what comes next. These are minds that have seen projects all the way through the cycle, and are primed to do it again with Element79 Gold.
3. Wise Asset Management: The company has accrued 17 projects in Nevada and Canada for Spin-Outs, JVs and sale. Element79 Gold has made significant progress toward closing the sale of its Maverick Springs, Long Peak, Stargo, Elder Creek, North Mill Creek, and Elephant projects in Nevada.
Lucero: The Jewel in Element79 Gold’s Crown
Is it safe to mine in Peru? The place where villagers literally reported being under attack by 7ft-tall ‘aliens’?
Yes… Peru is not only safe, but it’s a FANTASTIC place to mine.
(Editor’s Note: An investigation ruled out aliens, and it was illegal miners that were terrorizing locals)
While some investors might be concerned about operating in Peru, they’d be unwise to ignore recent developments like the US Inflation Reduction Act that offer opportunities for the gold, zinc, and tin industry in Peru, benefiting from the free trade agreement with the US.[8]
Additionally, with 74 mining projects to become operative in 2023[9], representing a total investment of $596 million and 30 projects already in operation, Peru continues to be a global leader in mining—which represents 60% of the country’s total exports.[10]
And NOT ALL upcoming mine production is coming from majors.
In June 2022, Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) took a significant step by acquiring two Peruvian properties, including the Lucero Mine—one of Peru’s highest-grade underground mines in history.[11]
The Lucero Mine is known for its averaged historical grades of 19 g/t Au Eq, from 14 g/t Au and 450 g/t Ag. This legendary property has already produced on average 40,000 ounces per year in its last five years of production before it was suspended in 2005.
Recent assays in 2023 showed results yielding up to 11.7 ounces per ton gold and 247 ounces per ton silver, further indicating the potential for a significant high-grade operation in the future.[12]
Additionally, Element79 extended its commitment to this region by acquiring the Roxana Vein and surrounding 1200ha property, Lucero del Sur 28, through an auction held on May 17, 2023.[13]
Path to Cashflow
The company’s three-step strategy to cash flow from Lucero is clear:
- Exploration Program: An efficient exploration will review previous workings and explore identified surface and underground veins. This process aims to bring the previous work on site to modern standards, giving confidence in developing a defined resource and extracting ore for sale within 12-18 months.
- Leverage Regional Infrastructure: The company plans to leverage infrastructure for commercial off-take, generating non-dilutive cash flow to fund corporate operations and exploration across the portfolio.
- Secure a Buyer: Now that the company has signed an LOI with BVN, the project is much closer to reanimating and generating revenue from the flagship past-producing Lucero property in 2024.[14]
Production Potential
Authorized for 350 tonnes per day production at the site, the company has highlighted the exceptionally high-grade gold and silver mineralization at the Lucero project, emphasizing the advantage of having a running start, as the project has been in production in the past.
World Class Mining Team Tying It Together
When it comes to mining, the ones steering the ship can make or break a journey, and in the case of Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) we’re looking at a World Class Team that not only has experiencing making discoveries, but also seeing them through to production, and operating mines. The team includes:
James C. Tworek – CEO and Director: With 25 years of experience in finance, Tworek has a rich background in the industry. He began his career in commercial banking in 1998 and later, in 2005, he joined a brokerage firm as a partner, where he was involved in an in-house mezzanine development fund for 7.5 years. Additionally, Tworek runs a Corporate Finance Consulting firm, serving clients such as Funds, Family Offices, Private Equity, and Venture Capital. Since 2018, he’s been serving in several Independent Director and Special Committee positions for publicly traded companies in the Canadian markets. He is currently also a Director at Florence One Capital Inc. (TSX:FONC), Lithium Lion Metals Inc (CSE: GL) Blue Sky Global Energy Corp (TSX: BGE) and acts as an Advisor to the Board of Muzhu Mining Ltd. (CSE:MUZU).
Kim M. Kirkland – COO: Kirkland is a seasoned executive with extensive experience in the mining industry specifically in Nevada and Peru. Throughout his career, he has held senior executive and lead engineering positions at some of the world’s largest mining companies. At Barrick Gold, he was involved during the early growth and innovation years at the Goldstrike Complex, where he was responsible for the development and maintenance of the open-pit mineral reserve model for the Betze-Post Mine. He held a senior management position at the Benga Mine while at the Rio Tinto Group for the La Granja Copper Project in northern Peru. As Regional Manager at the Las Bambas Copper Mine in Peru for MMG, Kim was responsible for overseeing the day-to-day operations. At Amec Foster Wheeler Plc, he was part of the team managing the Marcobre S.A.C.’s Mina Justa Mine Project. While at McEwen Mining, he was responsible for the restructuring of the El Gallo Silver Project (later renamed to Fenix) in Sinaloa, Mexico, as the Director of Project Development.
Antonios (Tony) Maragakis, PhD, MSc. –Director: Maragakis boasts an impressive resume, having held several management and director-level positions overseeing multi-billion dollar project portfolios on a global scale. He was at the helm of projects in North America while working at Barrick Gold (NYSE: GOLD), leading a portfolio of over 70 projects worth more than $2.3 billion. At Skeena Resources (TSX:SKE), Tony collaborated with the executive leadership team to develop the Eskay Creek Project. He was also part of the team at Freeport-McMoRan (NYSE:FCX) that developed the $3 billion Indonesian Copper Smelter Project. While at Eldorado Gold (TSX:ELD), Tony served as Project Director for the $1 billion Skouries Project and led the operational turnaround of the Kassandra Mines. Lastly, at Koch Industries (the 2nd largest privately held company in the USA)[15], he helped execute the Enid Expansion Megaproject.
Neill Pettigrew MSc., P.Geo – Director: Pettigrew is a highly experienced and well-respected professional geologist who has spent over two decades working in the mineral exploration industry. Throughout his career, he’s served in both senior and director-level positions at several junior and major companies in the gold and Cu-Ni-PGE exploration industries. He’s held key positions at TSX and TSX-V listed junior companies and currently serves as Vice President Exploration and a director of Palladium One Mining. Before entering the private sector, Neil was a Senior Precambrian Geoscientist with the Ontario Geological Survey.
Shane Williams – Special Advisor: Williams has over 20 years of experience in the mining/oil and gas industry specifically related to the development, construction, and operations of large-scale resource projects, and Most recently stepped down from his position as COO at Skeena Resources after three years. Before this Shane has held roles as VP of Operations and Capital Projects at Eldorado Gold for six years. He has extensive open-pit development experience from his time working with Rio Tinto at the Iron Ore Company of Canada and at Kaunis Iron in Northern Sweden where he was Project Director.
Element79 Gold’s Wise Asset Management: A Strategy for Success
Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) is not only building its reputation through the iconic Lucero Mine, but also through its wise asset management across its diverse portfolio. Just like a seasoned real estate agent who acquires, improves, and flips properties, Element79 has mastered the art of acquiring promising mining properties, raising their value, and selling them for a profit.
And now with an LOI for ore sales in place to Buenaventura, Element79 is on a clear path towards revenue generation in the year ahead.
These strategic moves reflect a keen understanding of the market, a focus on shareholder value, and a commitment to sustainable growth. It’s also created capital for further exploration and acquisitions, putting the company in a robust position for future growth.
Strategic Portfolio in Nevada and Canada
Element79 Gold’s portfolio has included 18 significant projects in Nevada and Canada. Among them were 15 properties along the Getchell and Battle Mountain trends in Nevada, some of which have over 100 holes drilled. With substantial historical drilling yielding promising results, the Battle Mountain Portfolio stands as one of the largest mineral land packages in Nevada, surrounded by the state’s biggest producing mines.
For example:
- Elder Creek – 155 holes, up to 3.19 g/t Au over 38.96m.
- Clover – 104 holes, up to 25.3 g/t Au over 9.75m.
- Long Peak – up to 8.02 g/t Au and 174 g/t Ag over 9.14m.
These properties have near-term potential for obtaining resource reports and are primed for spin-outs, Joint Ventures (JVs), and outright sales.
High-Grade Projects in British Columbia and Ontario
In British Columbia, the company has the promising Snowbird High-Grade Gold Project, likened to significant districts in California. Meanwhile, in Ontario, there’s an opportunity to acquire a 100% interest in the greenfield Dale Property. Each of these assets represents an opportunity to generate capital for future investments.
Real Estate-Like Flips for Profit
Element79 Gold’s real estate-like flipping strategy is illustrated by recent property sales:
- Sale of Long Peak and Stargo Projects (July 2023): Sold to a subsidiary of Centra Mining Ltd. for CAD $1,000,000, marking a milestone in the strategic development of its gold assets.[16]
- Asset Transfer and Sale of Synergy Metals Corp (July 2023): A planned spin-out of the Dale property to unlock its value and provide additional capital for growth.[17]
- Option Agreement with Green Power Minerals (August 2023): Divesting the Maverick Springs Project in Nevada for a value surpassing C$5.5 million, compared to the initial acquisition price of approximately C$3.2 million. The transformation of Maverick Springs into an open pit alone was impactful, turning the previous 1.8MM oz historical resource into a current Inferred Resource of 3.71MM oz AuEq (1.37M oz Au and 175.7M oz Ag).[18]
RECAP: 3 Reasons To Seriously Look Into Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) TODAY!
-
Near-Term Production and Cash Flow
-
All-Star Team
-
Wise Asset Management
BEFORE YOU CLICK AWAY!
THIS IS THE PERFECT TIME for smart investors to take a more serious look at Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) — because NOW is the best timing to secure an early-mover advantage!
There are plenty of updates to come on the horizon for Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) , each of which you’re going to want to get a head start on.
So, do your due diligence, and don’t forget to click here to subscribe for email updates and make sure you don’t miss out on any of Element79 Gold’s news and milestones.
USA NEWSGROUP
Editorial Staff
SOURCES CITED:
[1] https://www.reuters.com/markets/commodities/gold-enter-2024-with-sights-set-record-highs-2023-12-29/#:~:text=Investors%20returned%20to%20the%20popular,any%20previous%20yearly%20average%20price.
[2] https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
[3] https://www.mining.com/web/gold-price-enters-2024-with-sights-set-on-record-highs/
[4] https://www.bnnbloomberg.ca/gold-could-climb-higher-than-current-records-expert-1.2007086
[5] https://biv.com/article/2024/01/former-sprott-ceo-expects-gold-price-record-2024
[6] https://www.etftrends.com/tactical-allocation-channel/gold-miners-etfs-see-inflows/
[7] https://www.thenewswire.com/press-releases?id=1Av7Fj9pr
[8] https://www.bnamericas.com/en/news/the-potential-of-the-us-inflation-reduction-act-for-mining-companies-in-peru
[9] https://www.mining.com/peru-expects-74-mining-projects-to-become-operative-in-2023/
[10] https://www.trade.gov/country-commercial-guides/peru-mining-equipment-and-machinery#:~:text=Peru’s%20mining%20industry%20is%20essential,of%20the%20country’s%20total%20exports.
[11] https://finance.yahoo.com/news/element79-gold-completes-acquisition-high-100000699.html
[12] https://finance.yahoo.com/news/element79-gold-reports-high-grade-100100853.html
[13] https://www.thenewswire.com/press-releases/1BjjFX41M-element-79-gold-corp-strengthens-position-in-peru-acquiring-roxana-vein-at-auction-adjacent-to-the-high-grade-lucero-gold-silver-project.html
[14] https://www.thenewswire.com/press-releases?id=1Av7Fj9pr
[15] https://www.forbes.com/lists/largest-private-companies/?utm_campaign=socialflowForbesMainTwitter&utm_medium=social&utm_source=ForbesMainTwitter&sh=1403ca40bac4
[16] https://www.thenewswire.com/press-releases/1AJ6FvqWl-element79-gold-announces-sale-of-properties-from-battle-mountain-portfolio-in-nevada.html
[17] https://www.thenewswire.com/press-releases/1AJ6FvqWl-element79-gold-announces-sale-of-properties-from-battle-mountain-portfolio-in-nevada.html
[18] https://www.thenewswire.com/press-releases?id=1Av7Fj9pr
DISCLAIMER:
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Element79 Gold Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Element79 Gold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Element79 Gold Corp. which were purchased as a part of a private placement. MIQ and or any of our associates reserve the right to buy and sell, and will buy and sell shares of Element79 Gold Corp. in the open market at any time hereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by Element79 Gold Corp.; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
