highlights of Pan American Silver Corp. at Denver Highlights from Pan American Silver's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Pan American Silver (PAAS : NYSE, PAA : TSX | HOLD, US$18.00)
• Company has been approved to repurchase up to 7.4 million shares (approximately 5% of shares outstanding) over next 12 months.
• Holds a very large resource compared to peers, but much of this is in Navidad (which the company previously announced may not be economic based on mining law proposed changes in Chubut).
• Delores pit design may change in design based on future drilling; highlighting potential for this asset to grow based on exploration (pit currently approximately 3 km in length).
• La Colorada drilling has shown good grades at depth so good chance for reserve/resource expansion. Amolillo vein should add to resources and potentially to reserves at year end if company advances infill drilling sufficiently.
• Company is optimistic that proposed mining law changes will be revised and that Navidad will again become economic. Navidad has for now been put on hold and company has suggested that it may not be the greatest time to build a mega project in Argentina given capex blowouts of larger projects in the country.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.