I think the share price, despite being at a high, has a long way to go still. The company has a multi million ounce gold deposit that they spent 10 years to prove up, have been unable to touch it for 6 years and are getting it back shortly. Plus the current royalty payments are helping clean up the balance sheet. We should be trading higher.
Axmin earns $310,826 (U.S.) in Q3 2018 2018-11-28 09:08 MT - News Release Ms. Lucy Yan reports AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDING SEPTEMBER 30, 2018 Axmin Inc. has released its financial and operating results for the three months ended Sept. 30, 2018. All amounts included in this news release are in United States dollars Highlights: During the three months ended Sept. 30, 2018, the company reported royalty income of $147,488 from Gora projects, compared with $273,516 for the same time period of 2017. The net income for the three months ended Sept. 30, 2018, was $310,826 compared with $206,789 in the same period of 2017. Liquidity and capital resources At Sept. 30, 2018, the company had cash on deposit in the amount of $2,250,907, accounts and other receivables of $153,047, and prepaid expenses of $2,105. Royalty income receivable of $147,487 has been received subsequent to the period ended Sept. 30, 2018. Net assets increased to $777,226 at Sept. 30, 2018, compared with negative $1,215,536 at Dec. 31, 2017. Outlook The company is very pleased with the progress made to strengthen the balance sheet by settling the long-standing accounts payable. Axmin is looking forward to becoming operational again in the Central African Republic (CAR) as soon as conditions allow. Resignation of chief financial officer Jin Kuang has tendered her resignation and David de Jongh Weill has been appointed as the chief financial officer, effective from Nov. 15, 2018. In addition to having already served as chief financial officer of a listed public company, Mr. Weill has served as chairman of four companies listed in Toronto, London and Sydney. Mr. Weill commented: "It is a privilege to serve Axmin as chief financial officer at this exciting time as we are making the requisite preparations to become operational again in the CAR. I believe that the duly elected government has laid a strong foundation for peace and stability in the country, and that it is now only a question of time for our company to be back on site and operational once more at the Passendro asset." About Axmin Inc. Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its feasibility-stage Passendro gold project in the Central African Republic. We seek Safe Harbor. © 2018 Canjex Publishing Ltd. All rights reserved.
Quarter Oz Mined By TGZ Price Of Gold Per Quarter (USD) Estimated Payment (1.5%) Actual Payment Q3 2015 2,414 $1,104.44 $39,991.77 $0.00 Q4 2015 20,401 $1,090.19 $333,614.49 $252,721.00 Q1 2016 27,560 $1,165.76 $481,925.18 $457,259.00 Q2 2016 14,517 $1,226.34 $267,041.67 $232,045.00 Q3 2016 8,570 $1,334.77 $171,584.68 $165,794.00 Q4 2016 17,301 $1,217.09 $315,853.11 $125,282.00 Q1 2017 22,286 $1,218.57 $407,355.77 $310,684.00 Q2 2017 21,402 $1,258.65 $404,064.41 $386,655.00 Q3 2017 11,123 $1,277.64 $213,167.85 $273,516.00 Q4 2017 60,587 $1,275.84 $1,159,489.77 $614,723.00 Q1 2018 58,384 $1,329.77 $1,164,559.38 $490,551.00 Q2 2018 29,052 $1,306.97 $569,551.00 $576,643.00 Q3 2018 1,608 $1,212.58 $29,247.43 $147,488.00 Totals 295,205 $1,232.20 $4,958,648.08 $4,033,361.00 Owed To AXM From TGZ (USD) $925,287.08 Gold Average Price Per Quarter: https://www.denvergold.org/precious-metal-prices-charts/gold-quarterly/ AXM.V All Numbers In USD Year Total Assets Total Liabilities Total Revenue Gain/Loss Asset/Debt Ratio Common Shares 2007 $79,216,000 $3,200,000 nil -$5,930,000 24.76 213,436,657 2008 $85,461,000 $889,999 nil -$8,619,999 96.02 235,908,368 2009 $35,989,999 $1,283,000 nil -$54,450,000 28.05 292,137,709 2010 $71,040,000 $8,627,000 nil -$6,687,000 8.23 437,281,437 2011 $46,502,000 $5,068,000 nil -$9,633,000 9.18 62,767,410 2012 $39,471,000 $3,301,000 nil -$6,409,000 11.96 63,160,312 2013 $568,000 $2,639,000 nil -$44,264,000 0.22 92,998,258 2014 $297,677 $2,598,169 nil -$20,220 0.11 110,529,109 2015 $347,504 $2,520,590 $252,271 $135,408 0.14 126,000,445 2016 $516,121 $2,952,285 $980,380 -$272,296 0.17 130,497,381 2017 $1,738,742 $2,954,278 $1,585,578 $1,141,752 0.59 130,497,381 2018(Q1-Q3) $2,406,059 $1,628,833 $1,214,682 $1,125,731 1.48 130,497,381 Notes: 1) TGZ.T has not processed all Gora Ore. Close to $1 million USD still to be paid 2) 16 other potential producing targets to be opened up in 2019 3) Asset/Debt ratio positive the first time since 2012. 4) October 10th 2018 deal for balance sheet clean up won't show until Q4 results( Apr 2019)
7 New Positive Articles About The Central African Republic (Last 24 Hours) Merck of Germany to build healthcare facilities in the CAR - https://www.biospectrumasia.com/new...rtnership-with-health-ministry-of-c-a-r-.html MINUSCA commends Rwanda police peacekeepers - https://www.newtimes.co.rw/news/minusca-commends-rwanda-police-peacekeepers EU Gives CAR 38 Million Euros For Support (Must Translate) - http://news.abangui.com/h/66156.htm...8dbidskaXk-8_x12Rm0RreWXh2j4vzDGSitrpPsbS10lU United States Offers Logistics Support To CAR - https://www.facebook.com/pg/usembassy.bangui/posts/?ref=page_internal (most recent Facebook Post today) 330 Amphibious Soldiers Complete Training For CAR (Must Translate) - http://lepotentielcentrafricain.com...dhhVrLdNOxH-yT2boRajq9f6xy-JG8ntqqk4CvAbCKT-U MLPC(1 of 14 rebel groups) announces support for government (must translate) - http://www.corbeaunews.ca/centrafri...-relatif-a-la-festivite-du-1er-decembre-2018/ November 29th March For Peace Process & Russian Support In CAR - http://ndjonisango.com/societe/cent...cessus-de-khartoum-et-a-la-cooperation-russe/
The European Union promotes the return of public services and economic recovery through the opening up of the CAR regions http://news.abangui.com/h/66222.html The European Union promotes the return of public services and economic recovery through the opening up of the CAR regions Posted on Monday, December 3, 2018 | EUROPEAN UNION The project to open up Central African regions was officially launched yesterday in Bimbo in the presence of the President of the Republic, Pr. Faustin-Archange Touadéra, and the Director-General for Development and International Cooperation of the European Commission, Stefano Manservisi. Funded by the EU via the #Bekou Fund topped by € 7 million and implemented by Expertise France, the project aims to open up the RCA through the installation of metal bridges. "Building bridges is like building links," said DG Manservisi. "This project is a great turning point for the country: connecting the regions, connecting Bangui to the rest of the country, with a tangible improvement in the living conditions of the people who live in the country. will have easier access to markets, basic services and human exchanges between them.The common objective is to contribute to the development of the regions of the country, but also to the strengthening of its unity, of its feeling of country and nation, of its living together through mobility and the free movement of people, goods and values ". For the Minister of Economy and Planning, Felix Moloua, after the approval in June 2017, concrete steps have been taken to officially launch the project to open up and facilitate the development and creation of conditions conducive to the return of refugees. refugees and displaced persons. "A result of all the efforts of Europeans in the Central African Republic": for the Ambassador of France in the Central African Republic, Éric Gérard, the project will allow the construction of bridges to facilitate the free circulation of the waterways with a view to a better connection with the population. A metal bridge element was handed over by DG Manservisi to the President of the Republic, symbolically marking the launch of the project which will also see in its implementation the development of the capabilities acquired by the Central African military engineers through the training provided. by the EUTM. Launched in July 2014, the Bekou Trust Fund is funded by the European Commission, France, Germany, the Netherlands, Italy and Switzerland.
Central African Republic: Bouar hosts awareness caravan ahead of "grand disarmament" http://french.xinhuanet.com/2018-12/02/c_137645880.htm Central African Republic: Bouar hosts awareness caravan ahead of "grand disarmament" BOUAR (Central African Republic), December 1 (Xinhua) - An awareness caravan supposed to prepare Central African armed groups to join the so-called Disarmament, Demobilization, Reintegration and Repatriation (DDRR) process in the western regions is today in Bouar (west), it was found on Saturday. The "big disarmament" in question will be launched in the coming days in Paoua, according to the schedule given by the president Faustin-Archange Touadéra. Taking advantage of a sports meeting in Bouar on the occasion of the festivities of 1 December marking the 60th anniversary of the proclamation of the Central African Republic, Abel Déholo, DDRR communications officer, insisted on the need to return weapons, the first step of this process. He recalled that this disarmament was the consequence of the agreement reached on May 10, 2015 between the government and the representatives of the armed groups. In his eyes, this will have a positive impact on peace and development, the foundations of the restoration of state authority throughout the country. Mr. Déholo also mentioned the reintegration mechanisms of ex-combatants, who could join the gendarmerie, the police, the Waters and Forests, the customs or firefighters, if they meet the criteria, or learn a trade by example in agriculture, breeding, trade, carpentry, mechanics, electricity or computing. He indicated that installation kits will be provided. The DDRR process in Central Africa is supported by the local UN Mission (MINUSCA) and the World Bank. Prior to the large DDRR itself, a pilot program had already been piloted, incorporating 234 young ex-combatants into the army and adding another 280 socio-economically. The awareness caravan will cover the cities of Bossemptele, Baoro, Baboua, Zoukombo, Beloko, Niem Yelewa, Koui, Bocaranga and Bozoum. A similar campaign had traveled from November 3 to 10, many localities of the sub-prefecture of Paoua. End
Launch Of New Mining Support Project In Central African Republic http://news.abangui.com/h/66249.html Central African Republic: Minister MBOLI FATRAN on the occasion of the official launch ceremony of the Property Rights and Mining Crafts Project (DPAM) Posted on Wednesday, December 5, 2018 | Central African lepotential On November 28th, 2018, in Bangui, the official launching ceremony of the Project of Property and Mining Crafts (DPAM) in the presence of two members of the Government namely, Ministers Mboli-Fatran in charge of Mines and Geology and Virginie Mbaïkoua of Humanitarian Action and National Reconciliation as well as the Chargé d'Affaires ai of the United States Embassy in Central Africa, whose country is the key partner of the project. In his speech of convenience, the Minister Mboli-Fatran was at first pleased with the mark of friendship between the Central African Government and the United States through the financing by this partner of the Project "Right of Property and Mining Crafts" of which the amount is US $ 9, 800,000, or about CFAF 6 billion. According to the Central African Minister in charge of Mines and Geology, this project aims to strengthen the process of peaceful coexistence between all Central Africans of different social strata in mining areas in line with the Kimberley Process and national and international mining stakeholders. "This project will also improve mining governance and increase access to land while placing a special emphasis on the gender dimension," said Minister Mboli-Fatran who took the opportunity to present on behalf of the people of the Central African Republic, his gratitude to the Government for all the support it has been providing in the framework of bilateral cooperation for more than 60 years. Continuing his remarks, the member of the Government specified that: "It is since 2007 that the CAR and the United States maintain relations of bilateral cooperation in the matter of good governance and sustainable management of the artisanal mining sector through the Project Rights of Property and Development of the Artisanal Diamond1 (DPDDA1) ". According to Minister Mboli-Fatran in 2015, the second phase of the DPDD2 project has complemented and reinforced Phase 1 and has led to a significant number of activities including: the digitization of historical diamond marketing data for the period of 2006 to 2015; the georeferencing of the work sites of the artisanal miners in the conformal zones; the setting up of small emission units for artisan cards and mining workers in the Regional Directorates and the Prefectural Mining Services; improved management of production and marketing databases for compliant areas; the rebuilding and updating of the database of artisanal miners (DPDDA zone); updating the mining cadastre of conforming zones in order to clarify their impact on the dynamics of the current artisanal mining; and other activities related to the Center for Management of Geo-Scientific Information and Mining Statistics or the Mining Cadastre at the request of the General Directorate of Mines; Collaborative work with the National Monitoring Committee of the Kimberley Process for the recovery of rough diamond exports in the Central African Republic, which has made 5 diamond sub-prefectures compliant and proposed 9 others. The Government member did not fail to address a number of challenges that remain to be addressed, among others, the re-establishment of compliance of the Kimberly Process in all gross diamond producing areas of the country; strengthening of subregional cooperation to fight against fraud and smuggling of diamonds and gold; the modernization of the mining cadastre; improving the living conditions of mining communities through the development of a mining economy; compliance with environmental standards; Strengthening dialogues among all mining communities to strengthen national unity and peaceful coexistence Before closing his speech, Minister Mboli-Fatran declared that the Central African Government hopes that the implementation of the Project "Property Rights and Mining Crafts (DPAM)" will really benefit the people of the Central African Republic and that the Annual Work Plan will be respected in the interest of the Central African mining sector.
Best Junior Gold Stocks of 2018 on the TSXV https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/junior-gold-stocks-list-the-tsxvs-top-performers/?mqsc=E4010925 Best Junior Gold Stocks of 2018 on the TSXV Olivia Da Silva - December 4th, 2018 While gold has had its share of ups and downs in 2018, some companies have achieved strong results despite the precious metal’s fluctuating price point. With the year nearly over and done, the Investing News Network has rounded up the best gold stocks on the TSXV by share price performance so far this year. All have received high levels of investor interest in 2018, with the biggest gainer being up more than 700 percent year-to-date. All year-to-date and share price information was obtained on December 4, 2018 from TradingView. All companies listed had market caps above $10 million at that time. 1. AXMIN (TSXV:AXM) Year-to-date growth: 733.33 percent, current share price: C$0.25 Based in Canada, AXMIN is a gold exploration company with assets in the Central African Republic (CAR), along with a royalty agreement in Senegal for Teranga Gold’s (TSX:TGZ) Gora deposit. The company’s main priority is developing its Passendro gold project in the CAR, which has been a touch-and-go process due to security issues in the country. While much of AXMIN’s 2018 news centers on financial results, in June the company shared an exploration permit update on the area it shares an interest in with Teranga. A few months later, in October, the company settled a drawn-out accounts payable issue with a consultant that had helped it secure its ownership of licenses in the CAR. AXMIN has reported little other news this year. It’s worth noting that the company released a statement in August saying it was unaware of why it was experiencing an increase in market activity. 2. Westhaven Ventures (TSXV:WHN) Year-to-date growth: 684 percent, current share price: C$0.98 Westhaven Ventures refers to itself as a company that focuses on identifying, acquiring and advancing early stage projects with big potential. The company’s main interest lies in its four properties located in BC’s Spences Bridge Gold Belt; cumulatively they span over 35,000 hectares. While the company’s share price remained at a simmer for much of 2018, things started to pick up in October when Westhaven released several positive announcements over just a few weeks. Between three sets of drill results from its Shovelnose property in October to receiving over $850,000 from a warrant exercise, the company surged as the news continued to roll in. Westhaven’s share price peaked on November 9 at C$1.30, the same day the company announced it had begun high-resolution airborne geophysics at its Skoonka and Skoonka North gold properties. 3. Great Bear Resources (TSXV:GBR) Year-to-date growth: 583.54 percent, current share price: C$2.70 Great Bear Resources is an exploration company with a focus on advancing precious metals projects in Red Lake, Ontario. Great Bear has two main projects, Dixie and West Madsen, which together cover 13,000 hectares of prospective greenstone belts. Great Bear got a boost in August after a high-grade gold discovery was made at the Hinge zone of its Dixie project. Shortly after the discovery was announced, McEwen Mining (TSX:MUX,NYSE:MUX) and its chief owner, Rob McEwen, invested a combined C$6 million in Great Bear. The company rode the wave of excitement through September and hit its peak at C$3.39 on October 18, shortly after the discovery of “key ultramafic geology” during a mapping program at Dixie Lake. 4. Sokoman Iron (TSXV:SIC) Year-to-date growth: 240 percent, current share price: C$0.18 Another Canadian company, this time based in Newfoundland and Labrador, Sokoman Iron is an explorer with a focus on “world-class” mineral deposits in its home province. Sokoman has several assets under its belt, but is primarily focused on its Central Newfoundland gold project, which consists of its East Alder, Crippleback Lake and Princess Lake properties, spanning 5,500 hectares in total. The junior miner caught the eye of investors back in late July, when it announced it would be completing a $3-million private placement that had billionaire investor Eric Sprott leading the pack. Its share price made leaps and bounds in the days following the announcement, peaking on August 3 at C$0.44. 5. Rusoro Mining (TSXV:RML) Year-to-date growth: 128.57 percent, current share price: C$0.16 With a goal of becoming a mid-tier, low-cost gold producer, Rusoro Mining has a large land position in the mining region of Venezuela’s Bolivar state. The company has two mines in production — its Isidora mine and Choco 10 mine and mill — along with 10 exploration projects that range from early stage to advanced/development stage. Rusoro had a fairly quiet year in terms of project news, but gained traction in October. The hype surrounding the company came when Rusoro agreed to a settlement proposal from the Bolivarian Republic of Venezuela under which the country will pay Rusoro over US$1.28 billion for its mining dataand for a full release of an arbitral award issued in favor of Rusoro in August 2016. The company’s share price saw its 2018 peak on October 15, days after the settlement proposal announcement, when it hit C$0.34. Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article. Editorial Disclosure: Great Bear Resources is a client of the Investing News Network. This article is not paid-for content. Best Junior Gold Stocks of 2018 on the TSXV
Central African Republic formally joins Afreximbank https://sunnewsonline.com/central-african-republic-formally-joins-afreximbank/ 5th December 2018 in Business, World News Uche Usim, Abuja The number of African Export-Import Bank (Afreximbank) member countries swelled to 50 on Wednesday, with the Central African Republic (CAR) formalising her membership by depositing the instrument of the country’s ratification of the Bank Establishment Agreement in Cairo, Egypt. Speaking during a ceremony at the bank’s headquarters, Claude Rameaux Bireau, Minister of State and Economic Adviser to the president, who led a five-member delegation, said that the Central African Republic had very high expectations from Afreximbank and looked forward to strengthened cooperation with the institution. Bireau said that CAR would move quickly to take up shareholding in the bank and announced that the government was already working with the African Development Bank to support in that regard. He added that the country would participate in the Intra-African Trade Fair, which was being organised by Afreximbank in collaboration with the African Union. The trade fair will take place in Cairo from December 11- 17. Earlier, Prof. Benedict Oramah, President of Afreximbank stated, disclosed that the bank was created to support African countries in both good times and bad times and that the ratification of the Agreement by the Central African Republic would make it possible for it to effectively do business in the country. “The ratification grants us the special privileges and immunities that make it possible for us to take the risks that other commercial banks cannot,” Prof. Oramah explained. He announced that the Afreximbank had been reviewing six projects, which the country had identified as priorities in order to see how to support them, saying that CAR, with her rich resources, could be an investors’ paradise if well marketed. CAR had initiated the process of joining the bank on 28 November 2017, when it presented an instrument of accession to the Bank Agreement to Prof. Oramah when he met with President Faustin-Archange Touadéra in Bangui. Under the terms of the Agreement for the Establishment of the Bank, which was signed by the participating states in Abidjan on May 8, 1993, countries that did not sign on before it entered into force are required to first issue an instrument of acceptance and accession and then proceed to formally ratify the agreement in order to fully activate their membership of the bank. Membership of the bank gives the CAR automatic access to the full range of products and facilities offered by Afreximbank, including trade finance facilities, project finance services, trade information and advisory services, support in the development of a local content policy and assistance in developing and implementing industrial parks and special economic zones. There are 50 countries currently on the list of Afreximbank participating and shareholding states, including Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde and Chad. Others are CAR, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, and Lesotho. Countries like Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of Congo, Rwanda, Senegal, Seychelles, Sierra Leone, Sao Tome and Principe, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe are part of the bank. Afreximbank shareholders are a mix of public and private entities divided into four classes and consist of African governments, central banks, regional and sub-regional institutions, private investors and financial institutions, as well as non-African financial institutions, export credit agencies and private investors. Also on the delegation were Clement Bilege, Ambassador of Central African Republic to Egypt; Jean Jules Jos, Former Minister of State in charge of Programmes at the Presidency and Batolo Mathiu and Amadou Issa of the Embassy of Central African Republic in Cairo. Participating in the ceremony from Afreximbank were Dr. George Elombi, Executive Vice President, Governance Legal and Corporate Services; Amr Kamel, Executive Vice President, Business Development and Corporate Banking; Rene Awambeng, Global Head, Client Relations; Obi Emekekwue, Global Head, Communications and Events Management; Gerald Chihota, Head of Board Secretariat and Jacqueline Clarisse Motsebo of the Board Secretariat.
African Union Says Ready To Organize CAR Peace Talks, Host City To Be Chosen- Commissioner https://www.urdupoint.com/en/world/african-union-says-ready-to-organize-car-peac-499883.html African Union Says Ready To Organize CAR Peace Talks, Host City To Be Chosen- Commissioner Fakhir Rizvi 3 hours ago Fri 07th December 2018 | 05:29 PM The African Union is prepared to organize formal peace negotiations between the government of the Central African Republic (CAR) and the militia groups as soon as it decides on the conference venue, the Union's Commissioner for Peace and Security, Ambassador Smail Chergui, told Sputnik. MOSCOW (UrduPoint News / Sputnik - 07th December, 2018) The African Union is prepared to organize formal peace negotiations between the government of the Central African Republic (CAR) and the militia groups as soon as it decides on the conference venue, the Union's Commissioner for Peace and Security, Ambassador Smail Chergui, told Sputnik. The African Union has been leading mediation efforts in the conflict between the government in Bangui and various rebel groups operating in the CAR. In August, rebel groups presented a list of nearly 100 demands that need to be satisfied before a peace agreement can be signed. "I think more or less we are almost ready, I think it is now to see where we are going to convene the dialogue. Is it in Bangui, in Addis Ababa or elsewhere? I think that's where we are. We want to make sure that we speak the same language with everybody," Chergui said, expressing hope that the conference will be convened "as soon as possible." The conference will provide the sides with an opportunity to fine-tune their positions, conclude discussions and then "hopefully sign the [peace] agreement." The CAR has been struggling to overcome internal conflicts for years now, with around 615,000 people displaced in the country due to the crisis, according to the United Nations. On August 27-28, the major warring parties participated in Russia-brokered peace talks in the Sudanese capital. The meeting resulted in the signing of the Khartoum Declaration, which provided for the creation of an opposition union, which could pave the way for a long-lasting peace in the country.
