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Oil and Gas Reserves: The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose not only proved reserves (i.e., quantities of oil and gas that are estimated to be recoverable with a high degree of confidence), but also probablereserves (i.e.,
The lack of capital has had a direct impact on reserves.Proven and probablereserves at major gold miners have been in decline for years. Argonaut was in over their head.The needed a buyer to bail them out, which they found in Alamos Gold (AGI TSX) in March 2024. So these two management teams bought their mines for SUPER CHEAP.
That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. Brazilian government data (SECEX) from January 16, 2024, shows that Brazil exported about $166.6 The proven economically recoverable reserves of the mine is 69 Mt of KCl at a grade of 28.9%
Booked locations represent the summation of proved and probable locations, which are derived from McDaniel & Associates Consultants Ltd.’s “Enterprise value” is a supplementary financial measure and is calculated as market capitalization plus net debt.
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