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07/31/2017
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 1.6 million oz resource that is a JV with... more
07/31/2017
Analysis
Updated: Maritime Resources Corp
Maritime Resources has a past producing underground mine in Newfoundland (2000 to 2004). It is about 2 years away from restarting production with financing. They completed a PFS in 2017, and it is economic with about a 35% after-tax IRR. The bad news is... more
07/30/2017
Analysis
Updated: Sirios Resources Inc
Sirios Resources is a project generator with a focus on Quebec, Canada. They have a gold discovery with their Cheechoo project (17,000 acres). It has a 900 meter strike length and recent drill results in 2015 and 2016 have been impressive. Their FD... more
07/29/2017
Analysis
Updated: Thunder Mountain Gold Inc
Thunder Mountain Gold is small project generator focused in the U.S. They are low on cash and could have trouble raising financing if gold prices remain low. Their South Mountain project (1200 acres) is a small past producing mine. They are currently... more
07/29/2017
Analysis
Updated: Signal Gold Inc
Anaconda Mining is a small producer in Canada. They are only producing about 15,000 oz per year at their Pine Cove project in Newfoundland, with all-in costs around $1200 to $1300 per oz. So they are currently marginally profitable, and they don't have... more
07/29/2017
Analysis
Updated: Entree Resources Ltd
Entree Gold is a project generator with a large copper/gold project. The Oyu Tolgoi project in Mongolia is one of the largest in the world, with 22 billion lbs of copper and 24 million oz of gold (.4 gpt). It has an estimated mine life of 50 years. It is... more
07/29/2017
Analysis
Updated: Thor Explorations Ltd
Thor Exploration is advancing a gold project in Nigeria. The Segilola project (6,500 acres) is a 550,000 oz open pit deposit (3.8 gpt) with underground exploration potential. They are drilling and think it could be a 1 million oz project. They are hoping... more
07/28/2017
General
Interview on MiningStockEducation.com
This was my second podcast with Bill Powers at MiningStockEducation.com.
https://youtu.be/HY0nyp-3F3A more
07/28/2017
Analysis
Added: Comstock Metals Ltd
Comstock Metals is a project generator focused in Canada. They have two gold discoveries. The Preview SW property (2,000 acres) in Saskatchewan has 7 zones they are drilling. They have found 400,000 oz (1.5 gpt) and it will likely double in size. Their... more
07/27/2017
Analysis
Updated: Augusta Gold Corp
Bullfrog Gold has a small open pit project in Nevada (Bullfrog). It is a 500,000 deposit at .7 gpt. It is on a property where Barrick Gold mined 2.3 million oz from 1989 to 1999. I would expect it to have a low capex and be easy to permit. They plan to... more
07/26/2017
Analysis
Updated: Zephyr Minerals Ltd
Zephyr Minerals is advancing a small high grade gold project (Dawson) in Colorado. The deposit is currently only 200,000 oz, so they will need exploration success to extend the mine life. They completed a PEA in 2017 and it is economic, with a 50% after-t more
07/26/2017
Analysis
Updated: Elevation Gold Mining Corp
Northern Vertex Mining has an advanced project in Arizona called Moss. It is a 450,000 oz (gold equivalent, including silver) resource at .8 gpt. The feasibility study has excellent economics with only a $33 million capex. The IRR is 44% at $1300 gold.... more
07/25/2017
Analysis
Updated: Radius Gold Inc
Radius Gold is a project generator with early exploration projects in Nevada, Guatemala, and Mexico. They sold their advanced projects for $20 million in 2012 and are now starting over. They have cash in the bank and 4 NSRs that are worth about $1... more
07/24/2017
Analysis
Added: Artemis Resources Ltd
Artemis Resources is an Australian mining company with several properties in Western Australia on 220,000 acres. None of them have large resources, but the recent discovery by Novo Resources on their 50% Purdy's Reward JV looks interesting. Many of their... more
07/24/2017
Analysis
Updated: Middle Island Resources Ltd
Middle Island Resources recently obtained a past producing mine (Sandstone) for $2.5 million. They have no debt and enough cash to complete a feasibility study in 2017. The resource is about 750,000 oz at 1.4 gpt. They mine has a mill, but will require... more
07/22/2017
Analysis
Updated: Benton Resources Inc
Benton Resources is a project generator with an advanced gold project (Cape Ray) in Newfoundland, Canada. It's a small (400,000 oz) high grade open pit and underground project. They recently completed a PEA and formed a 50% JV. The capex is high at $47... more
07/22/2017
Analysis
Updated: Scorpio Gold Corp
Scorpio Gold is a small producer in Nevada (production began in 2011). Their problem is growth and limited resources (currently around 150,000 oz). They will produce about 20,000 oz in 2017 at Mineral Ridge. However, they will need to be successful with... more
07/21/2017
Analysis
Updated: AXMIN Inc
Axmin Inc. is highly undervalued at less than $2 per oz in the ground (future reserves) and a FD market cap of $4 million. They have a large 3 million oz (2 gpt) surface project in CAR (Central African Republic) called Passendro. The problem is that... more
07/19/2017
Analysis
Updated: Gold79 Mines Ltd
Aura Silver is small project generator, but they have two very large properties with upside potential. The 130,000 acre Taviche property is near Fortuna's high grade San Jose mine. They have already found significant high grade silver (initial drilling... more
07/19/2017
Analysis
Added: DELETE - Cache Exploration Inc.
Cache Exploration is a small project generator in Canada. They have a gold discovery (Kiyuk Lake) in Nunavut on 75,000 acres. There has been 60 holes drilled and they have found four zones with mineralization. It is a surface mine, with grades up to 3... more
07/18/2017
Analysis
Updated: Sabre Gold Mines Corp
Kerr Mines (formerly Armistice Resources) had two very good properties and they were producing 20,000 oz per year in 2013. However, low gold prices killed them. They got into debt and had to sell most of their valuable properties: Larder Lake, Kerr-Addiso more
07/18/2017
Analysis
Updated: Geopacific Resources Ltd
Geopacific Resources has an 80% option for a 2 million oz open pit project (Woodlark Island) in Papua New Guinea. They have to spend $18 million to get the option. It is permitted and has a feasibility study, so basically they have finance the project,... more
07/17/2017
Analysis
Updated: Rupert Resources Ltd
Rupert Resources is trying to restart a gold mine in Finland. The stock rose from 3 cents to 1.08 cents in 2016 and 2017, currently at 85 cents. However, most of the upside is now gone unless they are very successful with exploration. The property is... more
07/17/2017
Analysis
Updated: Amarc Resources Ltd
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). They have six properties in British Columbia that look promising. However, none of them are advanced and I would not expect any cash flow for... more
07/16/2017
Analysis
Updated: Mawson Gold Limited
Mawson Resources is a new project generator focusing in Sweden and Finland. They do not yet have any JV deals, but they have a potential big project in Sweden called Rompas - Rajapalot (42,000 acres). They began initial drilling (4,000 meters) in 2012... more
07/16/2017
Analysis
Updated: Minera Alamos Inc
Minera Alamos recently purchased an advanced gold project (La Fortuna). It is only a 300,000 oz deposit, but it is a good grade (2 gpt) open pit. They plan to release a PEA (preliminary economic assessment) in 2017 and make a construction decision in... more
07/15/2017
Analysis
Updated: Southern Arc Minerals Inc
Southern Arc Minerals is a project generator based in Canada. They have had several successful discoveries, but never seem to able to monetize them into shareholder value. It has been a nightmare stock for investors, falling from $20 to .56 cents (adjuste more
07/15/2017
Analysis
Updated: Masivo Silver
Gainey Capital is an exploration company with a gold/silver project in Mexico. El Colomo is large (45,000 acres) and next to some very large silver mines. It has a historical resources of 5 million oz (300 gpt). They have 20 known targets where there is... more
07/13/2017
Analysis
Updated: East Africa Metals Inc
East Africa Metals is a new project generator. They arose from a spin-out from Canaco Resources in 2012. They have four large properties in Tanzania and Ethiopia. The Magambazi project (25,000 acres) is a 30% JV with a Chinese producer. It is a 1 million... more
07/12/2017
Analysis
Updated: Silver Predator Corp
Silver Predator Corp. is a small project generator. In 2017, they sold their Springer tungsten mine for the debt they owned, and they sold their Taylor silver mine in Nevada for $1.2 million, plus a 2% NSR. This did not leave them with much. I'm... more
07/12/2017
Analysis
Updated: DELETE - Chalice Mining
Chalice Gold is a small project generator based in Australia. They sold their Cameron project to First Mining Finance in 2016 for an 8% ownership in First Mining Finance. Now they have $35 million in cash to find another discovery. They plan to drill... more
07/11/2017
Analysis
Updated: Unigold Inc
Unigold Inc has a large gold discovery in the Dominican Republic. The Candelones project (50,000 acres) is approaching late stage development. They have already found 2.9 million oz (inferred) and have 25 more targets. It is both an open pit (2 million... more
07/11/2017
Analysis
Updated: DELETE - Malachite Resources Ltd
Malachite Resources has a small high grade gold project (Lorena) in Australia. They only have 50% ownership which limits their upside potential. The project appears to be permitted and near production (scheduled for 2017). Their company presentation is... more
07/10/2017
Analysis
Updated: Quebec Precious Metals Corp
Canada Strategic Metals is a project generator focused in Quebec, Canada. They have a gold discovery (Sakami-Apple) with 70% ownership. It is in a good location and early drill results have been pretty good. The size of the discovery is unknown and will... more
07/10/2017
Analysis
Updated: Ten Sixty Four Ltd
Medusa Mining is a mid-tier producer in the Philippines. They plan to produce about 80,000 oz in 2017 (Co-O mine). With cash costs around $600 per oz and all-in costs around $1200 per oz. They have been having problems with grade and higher all-in costs.... more
07/09/2017
Analysis
Updated: Silver North Resources
Alianza Minerals was created in 2015 from the combination of Tarsis Resources and Estrella Gold. It is a project generator without an advanced project. They have 20 early exploration projects in the Yukon, Mexico, Nevada, and Peru. This is a high risk... more
07/09/2017
Analysis
Updated: Athena Silver Corp
Athena Silver has a large silver deposit (Langtry) in California. It is 50 million ounces (60 gpt) (historical deposit). The recovery rate is estimated to be only 65%. That equates to about 2 million oz of annual production for 10+ year mine life. They... more
07/08/2017
Analysis
Updated: Globex Mining Enterprises Inc
Globex Mining is a project generator that has been around for 60 years. With 151 projects (72 are precious metals) in Canada, you would think they would have some income. They have $1 million in cash and some royalty income, but very little. Their stock... more
07/08/2017
Analysis
Updated: Inventus Mining Corp
Inventus Mining appears to have a gold discovery (Pardo) in Ontario, Canada. Their stock jumped from 3 cents a share to 35 cents after the discovery in 2013. Now it's back to 11 cents. Pardo is still early exploration, but a large property (48,000 acres)... more
07/07/2017
Analysis
Updated: Anglogold Ashanti Ltd
AngloGold Ashanti is one of the largest majors. They are also one of the most undervalued. In fact, they have a 3 rating, which is rare for a major. The key for this company is reducing their debt ($2.2 billion) and avoiding political issues in S. Africa, more
07/07/2017
Analysis
Updated: Rockhaven Resources Ltd
Rockhaven Resources has a high grade gold and silver discovery in the Yukon (Canada). The Klaza property is large (72,000 acres) and has 9 discovered zones to drill. It's already a 1.3 million oz gold deposit at 4 gpt at surface, plus another 27 million... more
07/06/2017
Analysis
Updated: Citigold Corp Ltd
Citigold has 100 bagger potential at higher gold prices. They have 11 million oz of gold at 14 gpt (all inferred). Plus, they think they could find 50 million oz on their flagship Tower Charter mine in Australia. It is a past producing mine requiring an... more
07/06/2017
General
SeekingAlpha Article: Treasury Metals.
https://seekingalpha.com/article/4086127-treasury-metals-developing-gold-mine-ontario-canada more
07/05/2017
Analysis
Updated: DELETE - Lydian Intl. Ltd.
Lydian International has a solid property called Amulsar in Armenia. It is a 5 million oz resource (3 million M&I at .7 gpt). The deposit is near surface oxides, which are low cost to mine. Production is scheduled for Q1 2018, with a target of 225,000 oz... more
07/05/2017
Analysis
Updated: Gogold Resources
GoGold Resources is a silver producer in Mexico. They will produce 1.5 million oz of silver equivalent (including gold) in 2017 with all-in costs around $12 per oz. They plan to spend $5 million to double production. The Parral/Emeralda tailing project... more
07/05/2017
Analysis
Updated: Gogold Resources
GoGold Resources is a silver producer in Mexico. They will produce 1.5 million oz of silver equivalent (including gold) in 2017 with all-in costs around $10 per oz. They plan to spend $5 million to double production. The Parral/Emeralda tailing project... more
07/04/2017
Analysis
Updated: DELETE - Great Panther Mining
Great Panther Silver is a mid-tier producer in Mexico. They have two producing mines in Mexico that produce 90% precious metals (silver and gold). They will produce 4 million oz of silver equivalent in 2017. They have low resources in Mexico, but have... more
07/04/2017
Analysis
Added: Inca Minerals Ltd
Inca Minerals has a high grade zinc/silver discovery (Riqueza) in Peru. They have identified 20 veins at surface. The average sample has returned 7% zinc and 200 gpt silver. They plan to do initial drilling in 2017. They also have one other property (Cerr more
07/03/2017
Analysis
Updated: St Barbara Ltd
St. Barbara is a mid-tier gold producer based in Australia. They have three producing mines. Gwalia/Leonora in Australia at 250,000 oz, and Simberi in Papua New Guinea at 100,000 oz. Cash costs for the last quarter were about $700 per oz (because of the... more
07/02/2017
Analysis
Updated: Perpetua Resources Corp
Midas Gold has a very large gold project in Idaho that is heading to production around 2022. Stibnite is a 6.4 million oz resource (1.6 gpt) that is growing in size, and has significant exploration potential. They have a FD market cap of $190 million,... more
07/02/2017
Analysis
Updated: Bear Creek Mining Corp
I loved Bear Creek Mining until June 25, 2011. That was the day the President of Peru did the highly unusual act of revoking the mining rights at their Santa Ana project. He did this because of political pressure from local resistance to the project in... more
07/02/2017
General
June 2017 Newsletter Posted
The June 2017 newsletter has just been posted. more
07/01/2017
Analysis
Added: Fireweed Metals
Fireweed Zinc is a new company with a zinc/silver project (Macmillan Pass) in the Yukon. There has been 70,000 meters of historical drilling. They have a historical resource from 2007 of 30 million tons. It has 6% zinc and 4% lead, plus 37 million oz of... more
07/01/2017
Analysis
Updated: Americas Gold & Silver Corp
Americas Silver Corp (formerly Scorpio Mining) is a mid-tier silver producer in Mexico and Idaho. They merged with U.S. Silver & Gold in 2014, who had the 54 million oz Galena high grade silver mine. They currently produce around 2.5 million oz of silver... more
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