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This Gold Stock Could Help Weather the Potential Storm

HENDERSON, NV / ACCESSWIRE / April 17, 2019 / Gold is expected to garner safe-haven interest as investors look to protect themselves against an impending recession, according to Joe Foster, Portfolio Manager and Strategist for the VanEck Gold and Precious Metals Strategy.

Looking at gold stocks that could benefit, Inception Mining, Inc (IMII) stood out. IMII, which owns and operates a producing mine with the capacity to produce 1000 tons per day, looks like it may be heating up. Let's begin research today.

The 5 Gold Stocks we are highlighting: Inception Mining, Inc. (IMII), YAMANA GOLD INC. (AUY), Hecla Mining Company (HL), McEwen Mining Inc. (MUX) and U.S. Gold Corp. (USAU).

Inception Mining, Inc. (IMII) (Market Cap: $19.438M; Share Price: $0.344) announced in March that the company has completed a National Instrument 43-101 Technical Report that includes an estimate on its Clavo Rico Project, located in El Corpus, Departamento Choluteca, Honduras. The Technical Report has an effective date of 15 March 2019 and can be found on the company's website at http://inceptionmining.com/clavorico/43-101-report/.

Highlights of the Report include:

  • Economic mineralization at Clavo Rico is contained in three distinct zones, including an oxide zone, a supergene enrichment zone, and a sulfide zone.
  • Data on 96 recent and historic drill holes totaling 6264 meters of drill core yielding 2552 assays together with 827 channel samples collected from historic adits.
  • Data on an oxide zone. The oxide zone has been producing since 2015.
  • Data on a sulfide zone that was calculated using two different modeling techniques to reflect geologic uncertainties:
  • Data of the supergene enrichment zone
  • The conceptual geologic model, supported by field mapping, production records and both recent and historic drill programs suggests that significant potential exists to increase the known mineral resource with additional drilling.

Inception Mining is a producing gold mining company engaged in the identification, exploration, acquisition and development of mineral properties. IMII owns and operates the Clavo Rico mine.

Now's a good time to start your research on IMII.

YAMANA GOLD INC. (AUY) (Market Cap: $2.178B; Share Price: $2.29) announced on Monday it has agreed to sell the wholly-owned Chapada mine to Lundin Mining Corporation for total consideration of over $1.0 billion. Chapada, located in the State of Goiás, Brazil, is a copper mine with additional gold production that was developed by the company and began production in 2007. Under the terms of the agreement with Lundin, Yamana will receive cash consideration of $800 million at closing, additional consideration of up to $125 million based on the price of gold, a $100 million payment contingent on the development of a pyrite circuit to optimize the operation, and a royalty on the adjacent Suruca gold project.

The Sale Transaction provides a significant improvement to the company's financial flexibility going forward due to annualized interest savings in excess of $35 million. The up-front cash consideration of $800 million provides for significant deleveraging benefits. The improved balance sheet and interest savings will enable the company to increase its dividend significantly thereby improving its returns to shareholders and allowing the company flexibility of further capital returns, including a share buyback.

Yamana Gold Inc. engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil, the Canadian Malartic mine in Canada, and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in July 2003.

Hecla Mining Company (HL) (Market Cap: $1.106B; Share Price: $2.29) announced 2 weeks ago it is filing a National Instrument (NI) 43-101 Technical Report on the Greens Creek Mine in Alaska and the Casa Berardi Mine in Quebec. Some of the highlights for the Greens Creek mine include:

  • Reserves are calculated at price assumption of $14.50 per ounce silver.
  • The current Proven and Probable Reserve of 107.1 million silver ounces is the highest since 2008, the year Hecla acquired 100% of the mine.
  • The Life of Mine Plan (LOM) extends production to 2030 without including any resources.
  • Measured and Indicated Resources are 97.4 million silver ounces.
  • Significant exploration potential.

For Casa Berardi Mine, the key highlights include:

  • Reserves are calculated at price assumption of $1,200 per gold ounce.
  • Gold Proven and Probable Reserves increased approximately 28% to 1.91 million ounces.
  • Substantial reserve increases occurred in the proposed West Mine Crown Pillar and Principal pits, Casa Berardi's highest-grade pits.
  • The LOM extends production to 2034 without including any resources.
  • Measured and Indicated Resources are 1.2 million gold ounces.
  • Significant exploration potential.

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers, and unrefined gold and silver bullion bars to precious metals traders. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska, Lucky Friday mine located in northern Idaho, Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada, and San Sebastian mine located in the city of Durango, Mexico. It is a leading low-cost U.S. silver producer with operating mines in Alaska, Idaho and Mexico, and is a growing gold producer with operating mines in Quebec, Canada and Nevada.

McEwen Mining Inc. (MUX) (Market Cap: $496.781M; Share Price: $1.38) reported last week consolidated production for Q1 2019 of 26,789 gold ounces and 703,217 silver ounces, or 36,166 gold equivalent ounces ("GEOs"). McEwen has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas.

McEwen Mining Inc. engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico, and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada. It also owns interests in the Fuller, Davidson-Tisdale, Buffalo Ankerite, and Paymaster exploration properties located in Canada, and a 49% interest in the San José mine located in Argentina.

U.S. Gold Corp. (USAU) (Market Cap: $19.725M; Share Price: $1.05), a gold exploration and development company, announced as recently as last month, the completion and compilation of additional district-wide geochemical surveys on the Keystone project. Commensurate detailed geological mapping has also been completed with potentially significant new Carlin-type deposit target characteristic implications. The geochemical data, combined with earlier gravity and other geophysical survey assessments, and scout drilling programs to date, have provided the necessary information to identify, and zero in on, site-specific discovery opportunities in 2019. Today, it announced that the Honorable Ryan K. Zinke has been appointed to the Board of Directors.

U.S. Gold Corp. operates as a gold exploration and development company in the United States. It has a portfolio of development and exploration properties. The company's properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; and the Gold Bar North project, a gold exploration property located in Eureka County, Nevada. It is a publicly traded U.S.-focused gold exploration and development company.

Signed by

Priyanka Goel, CFA

Legal Disclaimer:

This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a three-month term consulting agreement with IMII signed 02/12/2019. The agreement calls for $25,000 in cash and 10,000 restricted shares of IMII per month. All payments were made directly by Inception Mining, Inc. to Regal Consulting, LLC to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. IMII was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.

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