Luna Gold Corp. buy Vassago

2014 Übergangsjahr

Luna Gold hat Aufwärtsbewegung beim Gold nicht mitgemacht.

Anzahl Minen: 1

Name: Aurizona Gold Mine

Land: Brasilien

 

Prognose 2014:

Q1: 85.000 -95.000 oz zu CC von 690-740$/oz & AISC zwischen 800-900$/oz für 2014

Q2: 75.000 -80.000 oz zu CC von 825-900$/oz & AISC zwischen 915-1010$/oz für 2014

 

2014 Produktion in oz CC in $/oz AISC Q1 19.414 705 787 Q2 14.262 1140 1297 Q3       Q4       FY 14      

 

 

 

 

 

 

Prognose 2013:

Q1: 95.000 - 105.000 oz zu CC von 705-715$/oz in 2013 (verfehlt)

Q2: 80.000 - 90.000 oz zu CC von 670-690$/oz in 2013 (verfehlt)

Q3: 80.000 - 90.000 oz (verfehlt) zu CC von 725-745$/oz in 2013 (erreicht)

2013 Produktion in oz CC in $/oz AISC Q1 17.203 757 1033 Q2 18.853 681 938 Q3 20.997 751 825 Q4 22.177 652 832 FY13 79.229 723 891

 

Prognose 2012:

Q1/Q2: 100.000 oz zu 750$/oz in 2012 (verfehlt)

Q3: 68.000 - 70.000 oz zu CC von 750-760$ in 2012 (übertroffen)

100.000 oz und 2013 (verfehlt) &125.000 oz (verfehlt) für 2014

Q4: 95.000 - 105.000 oz für 2013 (verfehlt)

2012 Produktion in oz Cash Cost in $/oz AISC Q1 16.063 771 - Q2 17.269 750 - Q3 19.391 749 - Q4 21.547 651 - FY12 74.269 734 -

Stream-Vereinbarung mit Sandstorm Gold:

Sandstorm has a gold stream agreement to purchase 17% of the life of mine gold produced from Aurizona at a per ounce price of US$404. Sandstorm made an upfront payment of US$17.8 million in cash and 1.1 million common shares of Sandstorm (5.5 million pre-consolidation) to acquire the stream in May 2009. In September 2012, Sandstorm committed an additional US$10 million towards the Phase 1 expansion project at Aurizona and has since issued a $10 million non-revolving loan facility to Luna, subject to interest at a rate of 12% and maturing on June 30, 2017. The proceeds from the loan will be used towards the Phase 1 Expansion and exploration activities at the Aurizona Mine. 

If Luna develops an underground mine on Aurizona, Sandstorm has the right (but not the obligation) to purchase 17% of the payable gold from the underground mine, at a per-ounce price of US$500. For consideration, Sandstorm would pay 17% of the capital expenditures incurred to determine the economic viability and to construct the underground mine.

 

Strategisches Investment durch Sandstorm Gold:
 

Luna Gold announces a non-brokered private placement of up to 30,000,000 common shares priced at $1.02 per share, for gross proceeds of up to $30,600,000. As part of the financing, the Company has entered into a strategic investment agreement with  Sandstorm which, upon completion, will make Sandstorm the Company's largest shareholder.

In addition, Sandstorm and Luna have commenced discussions related to the potential modification of the Aurizona gold stream. The focus of the discussions is to explore opportunities that will increase value for both Sandstorm and Luna shareholders with the goal of improving Luna's access to capital, accelerating production and cash flow to both Sandstorm and Luna and leveraging the highly prospective brownfields and greenfields exploration targets. Sandstorm currently holds a gold stream agreement to purchase 17% of the life of mine gold produced from the open-pit operations at Aurizona at a per ounce price of US$404 (increasing 1% annually). Investors are cautioned that there can be no assurances that the negotiations will lead to a restructuring of the existing streaming agreement.

Pursuant to the Agreement, Sandstorm will purchase a minimum of 19,500,000 of the Placement Shares, for gross proceeds of approximately C$19.89 million, that, when combined with the 8.5 million shares of Luna already owned by Sandstorm, would result in Sandstorm owning approximately 19.8% of the issued shares of Luna. To the extent Luna sells additional shares in the Placement, Sandstorm will also have the right to purchase up to 20% of the additional Placement Shares. Sandstorm also will have the right (so long as Sandstorm owns greater than 15% of Luna) to maintain its ownership percentage through future private placements or public offerings and to appoint one member to Luna's Board of Directors.

Lucho Baertl, Chairman, Luna Gold commented, "Sandstorm has continued to be a supportive stakeholder, providing capital through its initial investment, debt facilities, capital contributions and now as an equity investor. We welcome Sandstorm's equity investment in Luna, as a strong financial partner, who will continue to work with us to develop the Aurizona gold endowment to its full potential."

(Vom Mitglied beendet)