Sprott Gold Miners ETF SGDM

The investment seeks results that correspond (before fees and expenses) to the performance of the Solactive Gold Miners Custom Factors Index. The underlying index aims to track the performance of gold companies located in the U.S. and Canada whose common stocks or American Depository Receipts (ADRs) are traded on the Toronto Stock Exchange, the New York Stock Exchange and NASDAQ. The fund will normally invest at least 90% of its net assets in securities that comprise the index. The fund is non-diversified.

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Sprott Gold Miners ETF

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Post by GoldenPolarBearon Mar 09, 2020 10:27pm

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Post# 30786471

$25million KERR Mines funding Sprott PrivateResource Lending

“... Restarting the Fully-Permitted High-Grade Copperstone Gold Mine

"... Kerr Mines Inc. (TSX:KER) is an emerging American gold producer advancing the restart of production at its wholly-owned, fully-permitted Copperstone high-grade gold mine in Arizona. The southwestern state consistently ranks among the top 10 most attractive mining jurisdictions in the world.

Kerr Mines reached a significant milestone in January 2020 by way of receipt of a Decision of Record approving the Mining Plan of Operation for Copperstone. With the final permit now in place, the company is on track to begin production within 12 months subject finalizing of a project funding package. Kerr Mines as announced on February 28, 2020 has a USD$25 million project funding package in place with Sprott Private Resource Lending LP subject to achieving defined project milestone in 2020. The extensive existing infrastructure on-site at the past-producing Copperstone project is of significant values as it translates into what will be a very modest amount of capital currently estimated at US$20 Million to bring the mine back into production.

The Copperstone mine land package remains underexplored within a 50 square kilometer area, represents potential to grow the current resource and proven a probable reserve. Kerr Mines is maximizing that potential through a targeted two-phased drill program. The Phase 1 drill program completed in 2019 demonstrated the high-grade nature of the gold mineralization at Copperstone with step holes that indicated higher grade and thickness than initially anticipated with one drill intercept returning 16.8 meters of 40.0 g/t gold, including 3 meters of 98.26 g/t gold.

Kerr Mines recently raised CDN$3.9 million and plans to commence a Phase 2 drill program of up to 10,000 meters in 2020 for purposes of extending the current mine life while also testing the exploration upside and the multi-million ounce potential of the Copperstone. Additionally, the company plans to conduct advanced detailed engineering and project optimization which is expected to further enhance the mine’s economics.

Kerr Mines’ management team is stacked with proven mining professionals and capital market veterans experienced in creating shareholder value at all stages of project development which includes Giulio Bonifacio who was the founder and CEO of Nevada Copper Corp. from 2005 to 2018 until his retirement which in 2019 completed construction of the first copper mine in the United States in the past decade

Kerr Mines’ Company Highlights

Fully-permitted, near-production gold mine in premiere mining jurisdiction of Arizona.
Existing mine infrastructure representing over US$80 million of value reduces capital for the restart of operation to less than US$20 million.
Aiming to commence commercial gold production at a rate of 600 tpd to produce up to 40,000 ounces of gold within 12 months of concluding a project funding package.
Advanced metallurgical testing program with plus 95 percent recovery.
Considerable resource and reserve upside to further optimize project economics and mine life.
Commencing Phase 2 of well-funded resource expansion and exploration program.
Management with proven technical expertise in optimizing mines and achieving profitability.
Tight share structure with 35 percent held by directors and insiders; 36 percent held by family offices and funds...."