Ross Beaty beefs up junior holdings

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Vancouver mining magnate Ross Beaty has been dubbed a "broken slot machine" for his track record of identifying mineral deposits, developing them and selling them to majors.
 
Beaty's latest scores were the sales last year of Augusta Resources, of which he was a 10% shareholder, to Hudbay Minerals (HBM) for $555 million and of his Lumina Copper to First Quantum Minerals (FM) for $470 million. His take from those two transactions alone was more than $165 million.
 
Many of Beaty's mining deals have been in the relatively stable Americas, but one of his latest moves is a foray into Burkina Faso, where a popular uprising and coup toppled the government last year.
 
On March 23, Beaty took a position in Savary Gold (SCA) with the purchase of 28 million units (one share, one half-warrant) at 5 cents each. The $1.4-million purchase gives him 19.9% of outstanding shares (27.2% if warrants are included).
 
Savary Gold Equity Filing Overview Chart
 
 
Savary is exploring for gold on its Karankasso joint-venture property (65% Savary, 35% Sarama Resources (SWA)) in the Hounde gold belt in western Burkina Faso. Savary optioned Karankasso from Endeavour Mining (EDV), which is developing its Hounde project to the north, before partnering with Sarama on the larger 750-square-km land package.
 
Savary's president and CEO, Don Dudek, is a former senior vice-president with Endeavour who managed that company's Hounde feasibility study.
 
Burkina Faso's longtime strongman Blaise Compaore fled the country last year after a popular uprising that saw the parliament buildings torched, and the military take control. More recently, True Gold Mining (TGM) shut down construction of its Karma gold mine in Burkina Faso following violent protests that caused $6 million damage at Karma amid concerns about mine damage to a nearby mosque.
 
Beaty, chairman of silver producer Pan American Silver (PAA), touched on some of the conflicts roiling global markets in a recent interview with Sprott broker Tekoa Da Silva, and said he's bullish on both gold and silver as well as well-run junior mining firms.
 
"I would say today is just a really good time to be building a portfolio of well-run junior companies," Beaty said in the interview.
 
The geologist made much of his fortune in the copper space with the Lumina group of companies, starting in 2002 when copper was under $1 a pound. His team assembled unwanted copper projects and turned $170 million in invested capital into eventual returns of $1.87 billion.
 
And another junior Beaty has recently added to his own portfolio is Chile-based Arena Minerals (AN), a prospect generator with copper properties in the prolific Atacama district of northern Chile, near the port of Antofagasta. The region is home to the world's two largest copper mines, Escondida and Chuquicamata. 
 
He bought 9 million units (one share, one half-warrant) at 10 cents each in a recent $1.5-million private placement, putting him over the 10% threshold.
 
Arena Minerals Equity Filing Overview Chart
 
 
In February, Arena announced an option agreement with B2Gold (BTO) that would see the mid-tier gold miner acquire 60% of the Cerro Barco and Paciencia prospects.
 
In the Sprott interview, Beaty also talked about his desire to help create a more sustainable world by building Alterra Power (AXY), his clean-energy business. It's been a tougher slog for the producer of wind, geothermal and hydro power, which is Beaty's largest public-company holding.
 
But on March 24, Alterra reported year-end results that included record revenue and EBITDA, as well as improved cash flow - $26.8 million for the year. The stock, a perennial underperformer, responded and is now up about 25% in the past year.

Beaty is also a 10% holder of Dalradian Resources (DNA), Patrick Anderson's gold developer that is advancing its Curraghinalt high-grade gold deposit in Northern Ireland.
 
 
 
 
The blog was originally posted April 20, 2015 on INKResearch.com.
 
James Kwantes is the editor of Resource Opportunities newsletter. He can be contacted at [email protected].
 

Nike Sneakers Store | Vans Shoes That Change Color in the Sun: UV Era Ink Stacked & More – Fitforhealth News

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).