Orex Minerals Inc. (TSXV:REX) – Notable News
May 4, 2022
May 4, 2022 Orex Minerals Inc. (TSXV:REX, BUY (S), Koby Kushner) has received drill permits for its Sandra Ag-Au project in NW Durango, Mexico. The
Tag: Orex Minerals Inc.
Red Cloud’s 2022 Very Pre-PDAC Mining Showcase – Day Three Recap
March 7, 2022
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 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. 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.
Orex Minerals Inc. (TSXV:REX) – An Update from Orex Minerals
February 23, 2022
On Tuesday, February 22nd, 2022, Red Cloud hosted a webinar with Orex Minerals. President and CEO, Mr. Ben Whiting, P.Geo., provided a corporate overview, a summary of Orex’s three projects (two in Mexico, one in Canada), and provided some hints for what is yet to come in 2022. With this report, we are also transferring coverage of Orex Minerals Inc. to Koby Kushner.
Orex Minerals Inc. (TSXV:REX) – Maiden Mineral Resource Comprises of Six Zones at Coneto
October 28, 2021
Orex Minerals (REX) has released its initial mineral resource estimate for its 4,997 ha, 45%-owned Coneto Ag-Au JV project in Durango, Mexico. The MRE was prepared by the operator of the project, Fresnillo plc (LON:FRES, Not Rated), which has a 55%-interest in Coneto; Fresnillo is the largest silver producer in the world and Mexico’s second largest gold producer. The maiden MRE outlines contained metal of 19.1M oz Ag and 538k oz AuEq. It is based on 106 diamond drill holes (38,515m) that were drilled between 2010 – 2017. Six separate zones on the property were included in the resource estimate. In our view, the delivery of a maiden mineral resource estimate is a significant milestone achievement for the company. This will double the company’s total resource base, bringing its valuation lower on an EV/oz basis and further widening the valuation gap to its peer group.
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.
Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased
October 13, 2021
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
Orex Minerals Inc. (TSXV:REX) – Notable News
August 5, 2021
August 5, 2021 Orex Minerals Inc. (TSXV:REX, BUY (S), David A. Talbot) announced positive metallurgical testing results for its 45%-owned Coneto Ag-Au JV project in
Summer Silver Conference: Taking Home the Silver – Event Recap
June 21, 2021
Red Cloud Securities hosted its Summer Silver Conference last week, achieving over 360 registrants in advance of the event. The conference featured 18 presenting companies and a keynote discussion with Mike DiRienzo, Executive Director of The Silver Institute, who sat down with Taylor Combaluzier to talk about all things silver: the current investment environment, supply, demand, and outlook. We provide a quick recap of the highlights from the conference. And for those who were unable to attend the live event, replays are available on the Red Cloud website.
Orex Minerals Inc. (TSXV:REX) – Notable News
May 21, 2021
May 21, 2021 Orex Minerals Inc. (TSXV:REX, BUY (S), David A. Talbot) has initiated work which will lead to a resource estimation at its 45%-owned