Tag: Altaley Mining Corp.

Altaley Mining Corp. (TSXV:ATLY) – Updated PFS Helps De-Risk Tahuehueto

March 8, 2022

Altaley Mining provided an updated PFS for its 100%-owned Tahuehueto Au project located in Durango state, Mexico. The updated study is an improvement over the 2017 PFS and includes an updated reserve and resource estimate of 3.58Mt in 2P reserves and 7.18Mt in M&I+I resources. While we had already included many of the parameters outlined in this PFS in our model, resulting in no change to our target price, we view this update positively as we believe it is an important de-risking step for Altaley as it brings its 95%-complete Tahuehueto Au mine into production later this month. Once Tahuehueto comes online, we estimate Altaley would become a primary precious metals producer with ~51% of its revenue derived from Au and Ag by 2023E.

Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Two Recap

March 4, 2022

Yesterday, Red Cloud hosted the second of its three-day 2022 Very Pre-PDAC Mining Showcase, which featured 32 presenting companies and a fireside chat with Ross Beaty, Chairman of Equinox Gold Corp. Over 1,750 participants have registered for the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event (see our Day One recap here). If you would like to attend Day Three of Red Cloud’s 2022 Very Pre-PDAC Conference, register here. Replays are available on the Red Cloud website.

Precious Metal Picks – Metal Prices Flying as Russia Invades Ukraine

February 24, 2022

We are seeing precious metals rise in the shadow of the Ukraine invasion. Gold is trading around US$1923.80/oz, down a couple percent on short term profit taking since reaching a high of US$1,975/oz overnight. Kitco News notes that the next resistance levels could be between US$2,022/oz and US$2,089/oz. Some such as Frank Holmes of US Global Investors is suggesting that 20% volatility in gold is a non-event, and that gold could go to US$2,800/oz. Other commodities are also moving.

Altaley Mining Corp. (TSXV:ATLY) – An Emerging Multi-Mine Gold-Silver Producer in Mexico

January 27, 2022

We are initiating coverage on Altaley Mining Corp. with a BUY rating and a target price of C$1.00/sh, representing 208% upside from the current share price. Altaley Mining is a diversified, Mexico focused producer and developer. The company is currently producing Zn and Pb concentrates with Au, Ag and Cu as by-products at its Campo Morado mine in Guerrero, Mexico and is set to commence initial production at its Tahuehueto Au-polymetallic project in Durango, Mexico this quarter. Over the past two years, Altaley has steadily increased production and EBITDA QoQ while undergoing a transformation that included a revamped board and management team, financial restructuring, project optimizations and corporate rebranding – in addition to building Tahuehueto. Given that Altaley is poised to derive ~53% of its revenues from Au and Ag by 2023E, we believe its transition to being a primary precious metals producer could potentially drive a re-rating.

Altaley Mining Corp. (TSXV:ATLY) – Notable News

January 26, 2022

January 26, 2022 Altaley Mining Corp. (TSXV:ATLY, Not Rated, Taylor Combaluzier) reported positive preliminary Q4/21 production results and revenue from its 100%-owned Campo Morado Au-Ag-Pb-Zn mine,

Altaley Mining Corp. (TSXV:ATLY) – Site Visit: Emerging Multi-Mine Producer in Mexico

December 16, 2021

We recently visited Altaley Mining’s 100%-owned Campo Morado mine in Guerrero state, and its 100%-owned Tahuehueto project in Durango state, Mexico. We were impressed with the infrastructure and team in place at Campo Morado, which clearly benefitted from the big budget of its previous owner, Nyrstar. At Tahuehueto we would highlight to investors that construction work is well advanced and initial production remains on track for Q4/21-Q1/22. Although we have not yet valued Altaley, we believe that it has undergone a significant transformation over the past year and that processing optimizations at Campo Morado and initial production at Tahuehueto are key near-term catalysts that could potentially help re-rate the stock.

Altaley Mining Corp. (TSXV:ATLY) – Notable News

November 24, 2021

November 24, 2021 Altaley Mining Corp. (TSXV:ATLY, Not Rated, Taylor Combaluzier) announced Q3/21 financial and full operating results, which followed the preliminary Q3/21 operating results reported

Altaley Mining Corp. (TSXV:ATLY) – Notable News

November 3, 2021

November 3, 2021 Altaley Mining Corp. (TSXV:ATLY, Not Rated, Taylor Combaluzier) announced it has engaged MGA Contratista Minera as its underground mining contractor for its soon

Altaley Mining Corp. (TSXV:ATLY) – Solid Q3/21; Production and Revenues Slightly Lower QoQ

October 27, 2021

Altaley Mining announced preliminary third quarter (ended Sep 30/21) production results from its Campo Morado mine located in Guerrero state, Mexico. While Zn and Pb concentrate production and subsequently net revenues were down this quarter, the company remains on track to achieve its mill expansion of +3,000tpd by Q1/22 (currently processing at ~2,100tpd). With operations (and subsequently cash flow) improving at Campo Morado, we believe the company is well positioned to continue executing its 2021 plans which includes the expansion at Campo Morado and completion of construction followed by initial production at its 100%-owned Tahuehueto Au mine in Mexico.

Red Cloud Oktoberfest: Fall Mining Showcase 2021 – Day Two Recap

October 20, 2021

Yesterday, Red Cloud hosted the second day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 28 presenting companies including our keynote speaker Matthew Watson, Founder and President of Precious Metals Commodity Management, and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event (see our Day One recap here). If you would like to attend Day Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.

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Tag: Altaley Mining Corp.

Altaley Mining Corp. (TSXV:ATLY) – Updated PFS Helps De-Risk Tahuehueto

Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Two Recap

Precious Metal Picks – Metal Prices Flying as Russia Invades Ukraine

Altaley Mining Corp. (TSXV:ATLY) – An Emerging Multi-Mine Gold-Silver Producer in Mexico

Altaley Mining Corp. (TSXV:ATLY) – Notable News

Altaley Mining Corp. (TSXV:ATLY) – Site Visit: Emerging Multi-Mine Producer in Mexico

Altaley Mining Corp. (TSXV:ATLY) – Notable News

Altaley Mining Corp. (TSXV:ATLY) – Notable News

Altaley Mining Corp. (TSXV:ATLY) – Solid Q3/21; Production and Revenues Slightly Lower QoQ

Red Cloud Oktoberfest: Fall Mining Showcase 2021 – Day Two Recap

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