Investor Ideas Adds New #Stocks in Mining (CSE: $RNR.C), (TSXV: $SOCK.V), Tech (NASDAQ: $APPS), Biotech (NYSE: $PFNX) and Ride Sharing (NYSE: $UBER) (Nasdaq: $LYFT)

Investor Ideas Adds New #Stocks in Mining (CSE: $RNR.C), (TSXV: $SOCK.V), Tech (NASDAQ: $APPS), Biotech (NYSE: $PFNX) and Ride Sharing (NYSE: $UBER) (Nasdaq: $LYFT)

Point Roberts WA, Delta BC June 14, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week’s additions to its global stock directories in mining, tech, biotech and ride sharing.

Read this in full at https://www.investorideas.com/news/2019/main/06141Stocks.asp

New mining companies are all listed on Canadian exchanges (TSX and CSE) and have operations in both Canada and the United States.

The latest tech companies are involved in fintech and business technology, while the newest biotech companies are involved in clinical and commercial stage treatments for unmet patient needs.

Investor Ideas is adding a new section to its automotive stocks list – Ride Sharing Stocks – which will continue to be built up in the coming weeks.  The first additions to this list are the two most well-known ride sharing companies: Uber Technologies, Inc. (NYSE:UBER) and Lyft, Inc. (NasdaqGS:LYFT).

New Mining Companies:

Mariner Resources Corp. (CSE:RNR) is a mineral exploration company focused on the exploration and development of the Silver Dollar Property, located within the Revelstoke Mining Division

Smooth Rock Ventures Corp. (TSXV:SOCK.V)  acquires, explores for, and develops mineral, and oil and gas properties. It has an option to acquire a 100% interest in the Mattagami River zinc property comprising 14 unpatented mining claims located northeast of the town of Kapuskasing, Ontario; and a 33.33% working interest in the Days Chapel enhanced oil recovery project situated in Anderson County, Texas. 

TROUBADOUR RESOURCES INC. (TSXV: TR.V; OTCPK: TROUF) The Amarillo Project consists of seven (7) mineral tenures totalling 4,178 hectares and is situated within the heart of a major mining district. The multi-element geochemical signature of the Amarillo Project is consistent with a large multi-phase mineralizing system and is acutely similar to some of the neighbouring mining operations; such as the Brenda Cu-Mo-Ag-Au porphyry mine located 10 kilometres to the north that produced 278,000 tonnes of copper, 66,000 tonnes of molybdenum, 125 tonnes of silver and 2 tonnes of gold over a twenty-year mine life 

New Tech Companies:

Digital Turbine, Inc. (NASDAQ: APPS) innovates at the convergence of media and mobile communications, connecting top mobile operators, OEMs and publishers with app developers and advertisers worldwide. Its comprehensive Mobile Delivery Platform powers frictionless user acquisition and engagement, operational efficiency and monetization opportunities. Digital Turbine's technology platform has been adopted by more than 30 mobile operators and OEMs worldwide, and has delivered more than one billion app preloads for tens of thousands advertising campaigns. The company is headquartered in Austin, Texas, with global offices in Durham, Mumbai, San Francisco, Singapore and Tel Aviv.

MOBI724 Global Solutions Inc. (TSX:MOS.V) a global Fintech company, offers a fully integrated suite of multiple Card-Linked Offers and Rewards, Digital Marketing and Business Intelligence and Payment Solutions (including a mobile EMV compliant payment platform), which work with any payment card, on any mobile device and at any Point of Sale. MOBI724 provides turnkey solutions for card associations, card issuers, banks, retailers, manufacturers, offer providers, to create, manage, deliver and track and measure incentive campaigns worldwide in real time. The company captures value from big data to deliver seamless and personalized user experiences for the benefits of all parties in the ecosystem. MOBI724 headquarters are in Montreal, Canada, and the company presently has operations in North and Latin America, the Caribbean and Asia Pacific.

New Biotech Companies:

Pfenex Inc. (NYSE: PFNX) is a clinical-stage development and licensing biotechnology company focused on leveraging its Pfēnex Expression Technology® to develop and improve protein therapies for unmet patient needs. Using the patented Pfēnex Expression Technology platform, the Company has created an advanced pipeline of potential therapeutic equivalents, novel biologics, vaccine and vaccine components, and biosimilars. The Company’s lead product candidate is PF708, under development as a therapeutic equivalent drug candidate to Forteo® (teriparatide) indicated for the treatment of osteoporosis. In addition, the Company is developing hematology/oncology products, including PF743, a recombinant crisantaspase, and PF745, a recombinant crisantaspase with half-life extension, in collaboration with Jazz Pharmaceuticals Ireland Limited (Jazz).  Both PF743 and PF745 are being developed for the treatment of Acute Lymphoblastic Leukemia (ALL). We also use our Pfēnex Expression Technology platform to produce CRM197, a diphtheria toxoid carrier protein used in prophylactic and therapeutic vaccine candidates under development by third parties.

Heron Therapeutics, Inc. (NASDAQ: HRTX) is a commercial-stage biotechnology company focused on improving the lives of patients by developing best-in-class treatments to address some of the most important unmet patient needs. Heron is developing novel, patient-focused solutions that apply its innovative science and technologies to already-approved pharmacological agents for patients suffering from pain or cancer.

New Automotive (Ride Sharing) Companies:

Uber Technologies, Inc. (NYSE:UBER) mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 10 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Lyft, Inc. (NasdaqGS:LYFT) was founded in 2012, and has over 30 million riders and 2 million drivers. We are singularly focused on improving people’s lives with the world’s best transportation and committed to building reliable, affordable and sustainable transportation.

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Reports Results of AGM; Appoints Ani Markova, CFA, MBA, CDI.D as an Independent Director

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Reports Results of AGM; Appoints Ani Markova, CFA, MBA, CDI.D as an Independent Director

Vancouver, British Columbia - June 3, 2019 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.V; NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held in Vancouver, BC on May 31, 2019.

Read this in full at https://www.investorideas.com/CO/SILV/news/2019/06031AniMarkova-IndependentDirector.asp

Shareholders voted in favour of all items of business, including the election of each director nominee by show of hands. A total of 58,560,126 votes were represented in the meeting amounting to 68.51% of the issued common shares as of the record date. A total of 42,209,784 votes were submitted by proxy with the following tabulation of these votes:

In addition, shareholders voted in favour to re-appoint Davidson & Company, Chartered Professional Accountants, as auditor of SilverCrest and reconfirmed the Company's rolling 10% stock option plan.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, "Shareholders continue with their confidence in management with the election of proposed Directors. We are extremely pleased with the election of Ms. Ani Markova to the Board. She is a Senior Executive, with over 25 years of work experience including financial analysis, capital allocation, marketing, and Environmental, Social and Governance (ESG) topics which make her a valuable addition to the SilverCrest team. Ani is an award-winning portfolio manager who managed up to $2 billion of mutual fund assets and spent more than 15 years investing in the global mining sector and commodity markets while at AGF Investments Inc. Ms. Markova holds an MBA from George Washington University in Washington DC and holds Chartered Financial Analyst (CFA), Canadian Investment Management (CIM) and Corporate Board International (CDI.D) designations."

At the Board of Directors meeting following the AGM, the Company granted stock options under its Stock Option Plan to certain employees and Ms. Markova for the aggregate purchase of 150,000 common shares at an exercise price of $4.54 per common share for a term of five years expiring May 30, 2024. The stock options vest as to 25% on each of August 30, 2019, November 30, 2019, February 28, 2020 and May 30, 2020, and are subject to necessary regulatory approvals.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metals mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Jacy Zerb, Investor Relations Manager
Telephone: +1 (604) 694-1730
Fax: +1 (604) 357-1313
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com

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Investor Ideas Adds New #Stocks in Tech (NYSE: $FSLY), Mining (TSXV: $ECC.V), Gaming (NASDAQ: $SCPL) and Cannabis (CSE: $VAPN.C)

Investor Ideas Adds New #Stocks in Tech (NYSE: $FSLY), Mining (TSXV: $ECC.V), Gaming (NASDAQ: $SCPL) and Cannabis (CSE: $VAPN.C)

Point Roberts WA, Delta BC – May 31, 2019 – (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource announces this week’s additions to its global stock directories in tech, mining, gaming and cannabis.

Read this in full at https://www.investorideas.com/news/2019/main/05311Stocks.asp

The newest tech companies are involved in cloud computing, cyber security, e-commerce and software and all are recently listed NYSE/Nasdaq IPO’s.

The latest mining companies are both TSX Venture listed and are involved in vanadium and gold mining in British Columbia and Mexico respectively and for precious metals in Spain.

New gaming companies are involved in the mobile casino app sector while the newest cannabis company, Vapen MJ Ventures Corporation (CSE:VAPN), is an agriculture tech firm involved in all aspects of cultivation, extraction, manufacturing of THC and CBD Vape cartridges, concentrates, edibles, retail dispensary, and wholesale distribution of high margin cannabis and CBD products in Arizona.

New Tech Companies:

Fastly, Inc. (NYSE: FSLY) As the consumption of online content continues to grow globally, organizations must keep up with complex and ever-evolving end-user requirements. We help them surpass their end-users’ expectations by powering fast, secure, and scalable digital experiences. With Fastly’s edge cloud platform, our customers are disrupting existing industries and creating new ones. Today, our platform handles hundreds of billions of internet requests a day.

TUFIN SOFTWARE TECHNOLOGIES LTD. (NYSE:TUFN) simplifies management of some of the largest, most complex networks in the world, consisting of thousands of firewall and network devices and emerging hybrid cloud infrastructures. Enterprises select the company’s Tufin Orchestration Suite™ to increase agility in the face of ever-changing business demands while maintaining a robust security posture. The Suite reduces the attack surface and meets the need for greater visibility into secure and reliable application connectivity. With over 2000 customers since our inception, Tufin’s network security automation enables enterprises to implement changes in minutes instead of days, while improving their security posture and business agility.

PAGERDUTY, INC. (NYSE:PD) is a leader in digital operations management. PagerDuty empowers organizations of all sizes with real-time and data-driven insights to drive better business results. DevOps, ITOps, and SecOps teams use PagerDuty's award-winning platform for real-time operations to improve operations, deliver exceptional customer experiences, and accelerate innovation. Today, over 11,000 organizations across all industries have deployed PagerDuty. Notable customers include IBM, GE, Box, and American Eagle Outfitters.

RUHNN HOLDING LTD (NasdaqGS:RUHN) is the largest internet key opinion leader (“KOL”) facilitator in China as measured by revenue in 2018, according to Frost & Sullivan. The Company connects influential KOLs who engage and impact their fans on the internet to its vast commercial network. Ruhnn pioneered the commercialization of the KOL ecosystem in China, and operates under both full-service and platform models. The Company’s full-service model integrates key steps of the e-commerce value chain from product design and sourcing and online store operations to logistics and after-sale services. The platform model promotes products sold in third-party online stores and provides advertising services on KOL’s social media spaces to third-party merchants. As of December 31, 2018, the Company had 113 signed KOLs with an aggregate of 148.4 million fans across major social media platforms in China.

POWERBRIDGE TECHNOLOGIES CO., LTD. (NasdaqCM:PBTS) is a provider of software application and technology solutions and services to corporate and government customers primarily located in China. The Company introduced global trade software applications following the launch of operations in 1997 with a vision to make global trade operations easier. Since inception, Powerbridge has continued to innovate by developing technologies for successful delivery of a series of solutions and services that address the evolving and changing needs of corporate and government customers. Powerbridge's mission is to make global trade easier by empowering all players in the ecosystem.

New Mining Companies:

Ethos Gold Corp. (TSXV: ECC) (OTCQB: ETHOF) is exploring the La Purisima gold project (earning 100%) in Chihuahua Mexico, the Iron Point Carlin gold project (earning 50% from Victory Metals Inc.) 22 miles east of Winnemucca, Nevada, and the Perk-Rocky copper-gold porphyry project (earning 100%), 220 km west of Williams Lake, British Columbia. La Purisima is a near surface, bulk tonnage, oxide gold target, and a maiden drill program will commence shortly. Iron Point is a Lower Plate hosted Carlin style gold target, and a planned program of three vertical holes to test this target will commence shortly under the supervision of Dr. Quinton Hennigh. Perk-Rocky is a copper-gold porphyry target, and an exploration program including detailed airborne geophysics and ground mapping and sampling will commence shortly. Ethos currently has cash of approximately $Cdn 6.8 million and 54.6 million shares issued. In 2019 Ethos plans to spend an aggregate of approximately $Cdn 1.8 million on the maiden drill programs at La Purisima and Iron Point, and on the initial work program at Perk-Rocky. Ethos is also earning into the Pine Pass and Ursula vanadium projects (100% earn-in) in north-central British Columbia. In March 2019 Ethos received notice from the Province of British Columbia that the mineral tenures making up its Pine Pass vanadium project are included in an area under consideration for an immediate moratorium on development proposals and possible inclusion in an expanded environmental protected area, and in light of this notice has suspended work on its vanadium projects.

Pan Global Resources Inc. (TSXV: PGZ.V) (OTC: PGNRF) s actively engaged in base and precious metal exploration in Spain and is pursuing opportunities from exploration through to mine development. The company is committed to operating safely and with respect to the communities and environment where we operate.

New Gaming Companies:

SciPlay Corporation (NASDAQ: SCPL) develops and publishes digital games on mobile and Web platforms. The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots. It provides social casino games, such as slots-style game play, as well as table games-style game play; and casual games, which blend slots-style or bingo game play with adventure game features. The company was formerly known as SG Social Games Corporation and changed its name to SciPlay Corporation in March 2019

Blackstone Group L.P., The (NYSE:BX) investments are designed to preserve and grow our limited partners’ capital, provide financial security for millions of retirees, sovereign wealth funds, and other institutional and individual investors, and contribute to overall economic growth. GAMING: over the past few months has continued on a gaming investment spree, most recently with the purchase of a minority stake in Romania’s largest sports betting operator, Superbet. The equity firm has paid €175 million for a minority stake in Superbet. Blackstone Tactical Opportunities conducted the transaction on behalf of its parent company.

New Cannabis Companies:

Vapen MJ Ventures Corporation (CSE:VAPN) through its wholly-owned subsidiaries, currently operates as an agricultural technology, services and property management company utilizing a full vertical integration business model to oversee and execute all aspects of cultivation, extraction, manufacturing of THC and CBD Vape cartridges, concentrates, edibles, retail dispensary, and wholesale distribution of high margin cannabis and CBD products. VAPEN MJ currently provides these management and marketing services in the State of Arizona with expansion plans through acquisitions and partnerships worldwide.

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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Investorideas.com - Mining Stocks Sector Close-up on African Gold Mining(CSE: $ZBR.C) (OTC: $ZNZBF) (NYSE: $GOLD) (TSX: $ABX.TO) (NYSE: $AU) (NYSE: $TRX)

Investorideas.com - Mining Stocks Sector Close-up on African Gold Mining(CSE: $ZBR.C) (OTC: $ZNZBF) (NYSE: $GOLD) (TSX: $ABX.TO) (NYSE: $AU) (NYSE: $TRX)

African #Gold #Mining Landscape Posturing for Changing Future; Players in the Game (CSE: $ZBR.C) (OTC: $ZNZBF) (NYSE: $GOLD) (TSX: $ABX.TO) (NYSE: $AU) (NYSE: $TRX)

African #Gold #Mining Landscape Posturing for Changing Future; Players in the Game (CSE: $ZBR.C) (OTC: $ZNZBF) (NYSE: $GOLD) (TSX: $ABX.TO) (NYSE: $AU) (NYSE: $TRX)

Point Roberts WA, Delta BC – May 30, 2019 - Investorideas.com, a global investor news source covering mining stocks releases a snapshot looking at the recent developments in the African Gold mining sector, specifically in Tanzania.

In Tanzania, revenues from the country's mineral resources are on the rise, thanks to government efforts to curb smuggling and strengthen the Mining Commission's capacity.

The March 2017 government’s decision to ban the export of mineral concentrates has led to increased mineral production and exports, and by March this year, the country had earned nearly $244 billion from minerals, representing 78.63 percent of the year's $310 billion collection target.

Minerals Minister, Doto Biteko, tabling the ministry's budget estimates for the 2019/2020 fiscal year, told the National Assembly that out of the collected amount, $223.5 billion, which is 72 percent of total collections, was from royalties and inspection fees.

The remaining 20.5 billion, he said, was from other sources of revenues, including annual fee and geological survey fees. Minister Biteko assured that by the end of this fiscal year on June 30, the ministry will meet the collection target.

Zanzibar Gold Inc. (CSE: ZBR) (OTC: ZNZBF), a junior mineral exploration company, that engages in the acquisition, exploration and development of natural resource properties in Canada and Tanzania recently reported that its consultants have initiated their exploration evaluation of the Mkuvia Gold Property in the Nachengwea area of southern Tanzania.

The Mkuvia property has had small scale local placer operators mining gold from the property since 2005. In 2009, a 43-101 Compliant Reserve report was calculated on the central portion of the main gold producing area which outlined an inferred reserve 6 million grams of gold.

The initial assessment is to determine that the identified reserve is intact, and the purity of the gold being recovered. A field visit to the property and the collection of the alluvial gold for analysis is being completed by the report’s original author.

“This work will determine how much of a gold bullion inventory can be established for the company by a low cost placer operation,” Company President S.A. Farrage outlined, “As well as enabling the company to evaluate other gold prospects in the region.”

Tanzania has moved from an insignificant gold producing country in the last century to a 50 tonne per year producer in the early part of the 21^st century with AngloGold Ashanti’s Geita Gold mine (7 million ounces produced since 2000 with reserves estimated at 7.7 million ounces) and Acacia’s (Barrick gold) Buylanhulu (initial reserves 17 million ounces) as the forefront operations.

Tanzania as a country seems well aware of the increased gold mining interest and has begun picking and choosing its partners having recently announced it will no longer allow Acacia Mining Plc to manage its mines in the country and will only work with the company’s parent, Barrick Gold Corp. (NYSE:GOLD) (TSX:ABX), to resolve a two-year impasse that has stymied operations.

“We will no longer work with Acacia,” Hassan Abbasi said Tuesday by phone. “Under no circumstances can Acacia be a party to the agreements, or have any role in the operation or management of the Barrick mining subsidiaries in Tanzania. The ball is now in Barrick’s court.”

Acacia has been at odds with Tanzania’s government since July 2017, when the state handed the London-listed gold producer a $190 billion tax bill, saying it under-declared bullion exports. Barrick has since led discussions with the government and, in an effort to solve the impasse, surprised the market last week with an informal plan to buy out Acacia’s minority shareholders.

Abbasi said the government of Tanzania will continue to try to resolve the dispute based on a previous tentative agreement with Barrick.

“The initial agreement that we reached with Barrick in October 2017 is the one that is guiding the negotiations,” Abbasi said.

In a 2017 meeting between Tanzania’s President, John Magufuli and Barrick Executive Chairman John Thornton, it was tentatively agreed that Acacia would pay $300 million to the government to settle tax claims and would split future returns from operations with the country. At the time, Acacia criticized the move and blamed Barrick for its worsening relationship with Tanzania after Thornton took over negotiations.

Last week, Barrick said the government of Tanzania had made clear it won’t negotiate a settlement with Acacia. Barrick Chief Executive Officer Mark Bristow has repeatedly spoken about the breakdown of the relationship between the two companies, and between Acacia and the government.

President Magufuli has vowed to secure more revenue from the country’s resources. His government is targeting boosting income from minerals by half in the 2019-20 fiscal year to 470.9 billion shillings ($205.1 million), according to the Mines Ministry.

While some are looking at new prospects in African Gold mining, others like AngloGold Ashanti (NYSE: AU) recently announced that it was embarking on a process to review divestment options for its remaining South African assets. This process will consider all ownership options, with a view to maximizing the value and future prospects of these assets. This is in line with AngloGold Ashanti’s ongoing review of its portfolio and a disciplined approach to allocation of capital and other resources to ensure it generates maximum value for all its stakeholders.

AngloGold Ashanti has dedicated significant time and resources over the past few years to restructure its South African operating portfolio into a more focused business with enhanced operating and financial metrics. The successful completion of the restructuring has resulted in this portfolio comprising a single underground mine, Mponeng, a surface rock dump processing business and a mine waste retreatment operation, Mine Waste Solutions. These assets are now better positioned for the future, with the potential for further enhanced production growth, profitability and free cash generation from the significant remaining ore reserve base of 16.8 million ounces.

Mponeng is ramping up production from the Below 120 Level project, which is expected to give it a lifespan of around eight years, with improved margins from anticipated higher grades within this new mine area. In the medium term (starting in around two years), Mponeng will require additional capital investment to further extend its life and to realize the full potential of this operation. 

“We believe that under the right ownership, our South African assets offer a compelling long term value proposition that may allow for an extension to Mponeng Mine’s current life,” Chief Executive Officer Kelvin Dushnisky said. “The investment to extend Mponeng’s life beyond eight years has very strong competition for capital and other scarce resources from a host of other projects in our portfolio, which at current planning assumptions are more attractive, generating higher returns and quicker payback periods - we have therefore decided to review divestment options for our South African business.”

This process is at an early stage and may not ultimately result in any change to the ownership of the South African business. AngloGold Ashanti’s priority is to ensure that the process is conducted with the appropriate thoroughness to ensure the best possible outcome for all stakeholders.

Tanzanian Gold Corporation (TSX: TNX) (NYSE:TRX) announced the first set of assay results from its deep level diamond core drilling program at the Buckreef Project, aimed at better defining potential mineralized zones below the open pit as reported and published in the June 2018 Pre-Feasibility 43-101 Technical Report. Infill drilling within the open pit is continuing, highlights from which will also be announced.

Assay results for a third mineralized zone at depths below 450m are expected soon from the assay lab. The drill-hole was drilled to a depth of 555 meters, one (1) meter is equal to 3.2808 feet for a total depth of 1,820 feet, all diamond core.

Mr. Jim Sinclair, Chairman (TRX) commented, “We are pleased with the first results from our deeper drilling below the open pit using core drilling to better define more robust mineralized zones that may extend below the pit bottom." Mr. Sinclair also noted, "Our in-fill drilling program in the open pit area has passed the mid-point of planned drilling, and, I believe, that the results will help move Inferred Resources into the Measured and Indicated categories."

A recent CNBC article discussed how gold has had some of its best days in nearly three months, due to market turmoil triggered by China announcing that it will retaliate over levies imposed by the Trump administration.

This rise in gold stocks, as well as new government regulations in the African mining community could bring renewed interest into the region, and the companies already looking for new opportunities in growing production regions like Tanzania may benefit from this recent gold surge.

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