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07/24/2013
Analysis
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines has a monster project (Livengood) in Alaska with 20 million oz (.5 gpt) with a 80% recovery rate. The intial PEA called for production to begin in 2019 at 550,000 oz per for 23 years (13 million oz). Estimated cash costs were... more
07/22/2013
Analysis
Updated: Dundee Precious Metals Inc
Dundee Precious Metals is mid-tier producer. They have two producing gold mines in Bulgaria (Chelopech) and Armenia (Kapan) at 160,000 oz, plus significant offsets in silver, copper, and zinc to make them a very low cost producer. Cash costs are around $2 more
07/21/2013
Analysis
Updated: DELETE - Guyana Goldfields Inc.
Guyana Goldfields is an exciting company with a lot of upside potential and relatively low risk. This company will likely be a 5 bagger and a potential 10 bagger long term. It will be a while before they begin producing (scheduled for Q1 2015), and... more
07/20/2013
Analysis
Updated: Asante Gold Corp
Asante Gold is a new company with one property in Ghana, West Africa. The property (Fahiakoba) is on 5,000 acres and is located between two large gold mines. The operating Perseus mine is a 6 million oz resource that is only a few miles away and is on... more
07/20/2013
Analysis
Updated: IAMGOLD Corp
IAMGOLD is an emerging major. They have 6 operating mines in Suriname (northern South America), Canada (Quebec), Mali, and Burkina Faso. They are currently building a large in Ontario (Cote with 7 million oz), but growth will be somewhat slow between now... more
07/20/2013
Analysis
Updated: Gold Resource Corp
GORO (Gold Resource Corp) was a stock picker's dream stock back in early 2009 when it traded under $3. I was an idiot and did not buy it, even though I analyzed it and liked it. They are producing 100,000 oz at low cash costs per oz ($500) and $900 per... more
07/19/2013
Analysis
Updated: Gold Reserve Inc
Gold Reserve Inc has been on hold since April 2008, when their mining license was revoked on their Brisas project. Unless the Venezuela government gives them the green light to build the mine, this stock is at risk. Moreover, even if they receive the... more
07/17/2013
Analysis
Updated: Kingsgate Consolidated Ltd
Kingsgate Consolidated is a growing mid-tier producer and a possible 20 bagger. Their market cap has dropped 80% in the past year, yet they have low cash costs ($750) and are a 220,000 oz producer. Their only red flag is $157 million in debt, but they... more
07/15/2013
Analysis
Updated: Eldorado Gold Corp
Eldorado Gold is a major and a strong company with a lot of reserves. They have been a growth oriented company with production increasing from 100,000 oz in 2006 to 750,000 oz in 2012. They have 7 operating mines and 2 more under construction, plus 4... more
07/14/2013
Analysis
Updated: Visible Gold Mines Inc
Visible Gold Mines has six early exploration projects in Quebec. I like this company, even though they do not yet have an advanced stage project. They are a new company, with excellent management and a skilled geologist named Robert Sansfacon. In 2011... more
07/14/2013
Analysis
Updated: Gold Fields Ltd
Gold Fields is a large major with a focus in Africa. They currently produce 2 million oz per year with high all-in costs around $1350. They should be able to expand production with 8 projects in their pipeline. The Deep South mine will add 700,000 oz in... more
07/14/2013
Analysis
Updated: DELETE - Golden Star Resources Ltd.
Golden Star Resources is an old company with 25 years of exploration experience. They are extremely undervalued with future reserves valued at $17. This makes them a potential 20 bagger. The reason for this low valuation is their current all-in costs of... more
07/13/2013
General
Alamos Gold Takeover of Esperanza Resources
Alamos Gold made a friendly offer to purchase Esperanza Resources for a 38% premium. The trend continues, and these terrible deals will continue until shareholders vote no. The stock was trading at $2.25 in 2011, so they are not paying a premium at .90 cents. In fact, they are paying a huge discount to the true valuation.
http://www.mining.com/esperanza-resources-acquired-by-alamos-gold-for-69-4-million-42678/?utm_source=digest-en-mining-130712&utm_medium=email&utm_campaign=digest
Alamos... more
07/13/2013
Analysis
Updated: New Gold Inc
New Gold is a relatively new major with growth prospects (although most of their growth won’t happen until 2017). It's going to be interesting to see how companies such as New Gold get valued as gold heads higher. They are undervalued today with a... more
07/13/2013
Analysis
Updated: DELETE - Nautilus Minerals Inc.
Nautilus Minerals is a high risk speculation stock, however, the sky is the limit. They are planning to mine from the sea floor at deep depths (5000 feet and deeper). If it works, they will likely expand rapidly, adding reserves and new mines. They... more
07/13/2013
Analysis
Updated: Endeavour Mining Corp
Endeavor Mining is a mid-tier producer. In 2011, they had 159 million shares FD shares, and now they have 477 million. That dilution hurt the stock valuation and may have soured a few investors appetite for the stock. However, they are growing and should... more
07/13/2013
Analysis
Updated: Goldrich Mining Co
Goldrich Mining is a high risk speculation stock with significant potential. They have two large properties in Alaska (190 miles north of Fairbanks) in an existing mining district. It has significant infrastructure, but I don't think there is a road all... more
07/12/2013
Analysis
Updated: Barrick Gold Corp
Barrick Gold is a monster company with 250 million ounces of gold and projections to increase production steadily from 7.2 million ounces to 10 million (excluding copper, which is projected to reach 1 billion lbs) over the next 4 years. They will spend $3 more
07/12/2013
Analysis
Updated: Buenaventura Mining
Buenaventura Mining is large major with production of 1 million oz of gold, 18 million oz of silver, and significant copper and zinc (30% of revenue comes from base metals). They do have a pipeline of 16 projects, but only one under development. They are... more
07/12/2013
Analysis
Updated: DRDGOLD Ltd
DRDGOLD is a mid-tier producer in South Africa. They recently sold their underground mine (Blyvoor) for 85 million shares to Village Main Reef. Blyvoor had high cash costs and they wanted to focus on their higher margin tailing reclamation project (from... more
07/11/2013
Analysis
Added: DELETE - Turquoise Hill Resources Ltd
Turquoise Hill Resources is really a copper producer, which is 51% owned by Rio Tinto (one of the largest copper producers). I'm including it in my database because the Oyu Tolgoi property is one of the 10 largest gold deposits in the world at 62 million... more
07/10/2013
Analysis
Updated: International Iconic Gold
Marifil Mines is a project generator in Argentina. They have 17 properties, although about half of them are potash. They have gold, silver, base metals, and potash. They have one significant JV with Novagold, where they have a 30% interest. Novagold has... more
07/09/2013
Analysis
Updated: Gold Springs Resources
South American Silver has been a painful fall for their investors. It fell from $3.25 a share in 2010 to today’s price of .15 cents! Ouch. Today it has a small fully diluted market cap of $19 million. This happened because the Bolivian Government... more
07/08/2013
Analysis
Updated: CMC Metals Ltd
CMC Metals is a potential 25 bagger, but the risk is very high. They have small deposits, but a plan to begin mining soon. They have (50% owner) a small gold mine (Radcliff) in California that they plan to get into production soon, perhaps 2 years. It is... more
07/07/2013
Analysis
Updated: Metallic Minerals Corp
Monster Mining is a new project generator in Canada (Yukon). They have a large silver discovery (Keno-Lightening) that is next door to Alexco's large high grade silver deposit. It is on 5,000 acres and they have identified more than a dozen drill targets. more
07/07/2013
Analysis
Updated: MTB Metals
Mountain Boy Minerals is a project generator with 9 gold/silver projects in Canada (British Columbia). They have one advanced stage gold/silver project (Silver Coin), but they only own 20%. Silver Coin is a 1.8 million oz resource that is a JV with... more
07/06/2013
Analysis
Updated: Centerra Gold Inc
Centerra Gold is a large Canadian-based mid-tier producer in Kyrgyzstan and Mongolia. Their Kumtor mine in Kyrgyzstan has 9.5 million in P&P reserves and will produce 600,000 to 650,000 oz until 2027 (and maybe longer). Cash cost are below $800, making... more
07/06/2013
Analysis
Updated: Augusta Gold Corp
Bullfrog Gold has 3 bagger written all over it. They have a late stage project in Arizona (Newsboy) that is only 2-3 years away from construction. Once construction begins, it will likely be a 3 bagger. Newsboy is at least a 500,000 oz resource and... more
07/05/2013
Analysis
Updated: Silver North Resources
Tarsis Resources is a project generator focusing in the Yukon. They have a dozen early exploration projects in the Yukon (1 JV), and another project in Mexico. This is a very high risk stock because they have not found anything yet. However, at this... more
07/05/2013
Analysis
Updated: Teuton Resources Corp
Teuton Resources is a project generator in Canada (British Columbia). They have been around for a long time (1982) and have 25 projects (about 6 JVs). However, they do not have any advanced stage projects and their fully diluted market cap is only $6... more
07/05/2013
Analysis
Updated: Unigold Inc
Unigold Inc has 4 properties in the Dominican Republic on a large land package (200,000 acres). They own all 4 projects 100% and are focusing on their Neita property, which is approaching late stage development. They have drilled 80,000 meters and will... more
07/05/2013
Analysis
Updated: West Vault Mining Inc
West Kirland Mining has two advanced projects and a market cap of only $7 million. Plus, they have 60% options on 11 properties (300,000 acres) in Nevada they got from Newmont (via Froneer Gold) and Rubicon Minerals. Plus, they have 25,000 acres in... more
07/02/2013
Analysis
Updated: Thunder Mountain Gold Inc
Thunder Mountain Gold is small project generator focused in the U.S. They are out of cash and will have trouble raising financing if gold prices remain low. Their South Mountain project in Idaho (25% equity interest) is a small past producing mine. Their... more
07/01/2013
Analysis
Updated: DELETE - Westminster Resources Ltd.
Westminster Resources is relatively new explorer with two large properties in Mexico. El Cobre is 70,000 acres and has 3 projects and Navojoa is 33,000 acres and has 3 projects. They made their first JV deal with Capstone Mining recently and kept 25% of... more
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