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08/31/2017
Analysis
Updated: DELETE - Carbine Resources Ltd
Carbine Resources is advancing an open pit project (Mount Morgan) in Australia. Their DFS (definitive feasibility study) was completed in 2016. The capex is $85 million, with low cash costs of around $500 per oz. the low costs are from offsets of pyrite... more
08/31/2017
Analysis
Updated: DELETED - Sihayo Gold Ltd
Sihayo Gold is trying to build their first mine in Indonesia. They have been in business a long time and have 20 projects. Their Pungkut deposit is 1.4 million oz (2.4 gpt) with a completed feasibility study. The capex is only $58 million, but investors... more
08/31/2017
Analysis
Updated: DELETE - Chaarat Gold Holdings Ltd
Chaarat Gold has a large 6 million oz project (4.7 million oz of reserves) in Kyrgyzstan. The feasibility study is completed. The capex is $470 million to produce 200,000 oz annually with all-in costs (free cash flow) under $1000 per oz. The after-tax... more
08/30/2017
Analysis
Updated: Vault Minerals
Red 5 LTD was small gold producer in the Philippines. Their Siana project is 1.3 million oz, with 2 gpt surface and 5 gpt underground. They had to put their open pit project on care and maintenance because of the Philippines anti-open pit review. They... more
08/28/2017
Analysis
Updated: Alkane Resources Ltd
Alkane Resources is small Australian gold producer at 50,000 oz per year. They have a lot of experience and good management team. Their Tomingley mine has 500,000 oz and should have an 8 to 10 year mine. The key to this stock is their rare earth Dubbo... more
08/26/2017
Analysis
Added: DELETED - Navarre Minerals Ltd
Navarre Minerals is a project generator in Australia. They have two large early exploration projects. They are drilling Irvine, which has a 5 mile strike target. The property is on a 30 mile trend with three other deposits for them to explore: Grange,... more
08/26/2017
Analysis
Added: Catalyst Metals Ltd
Catalyst Metals is project generator focused in Australia. They have an exciting discovery (Four Eagles) with drill holes of 27 meters at 22 gpt and 22 meters at 31 gpt. Their share price is at a 5 year high. They own 50% of the project and their JV... more
08/26/2017
Analysis
Updated: Tribune Resources Ltd
Tribune Resources appears to be project generator. They have a 37% JV called East Kundana (EKJV) that is in production. Revenue will be around $150 million in 2017, with about $30 million in free cash flow. They do not have a company presentation on... more
08/25/2017
Analysis
Updated: American Creek Resources Ltd
America Creek Resources is a project generator in Canada. They have three properties in the golden triangle in British Columbia: Treaty Creek, Electrum, and Dunwell. They have 2 JVs, with a 20% ownership for Treaty Creek, and 40% ownership for Electrum.... more
08/25/2017
Analysis
Updated: DELETE - Strategic Minerals Corp. NL
Strategic Minerals is drilling a gold discovery (Woolgar) in Australia. They have found 1.2 million oz at 2 gpt and will likely find more (120,000 acres). They have been drilling since 2014 and they have $1.5 million in cash to continue. It's still early... more
08/25/2017
Analysis
Updated: Prodigy Gold
Abm Resources is a gold exploration company with 3 million acres in Australia. They are cashed up with $4 million in cash and no debt. However, with their large number of drill targets, expect them to dilute shares. Currently they do not have a... more
08/24/2017
General
New Youtube Video: Abraplata Resources
New Youtube Video for Abraplata Resources. more
08/24/2017
Analysis
Added: Emerald Resources
Emerald Resources is building an open pit project in Cambodia. Okvau (100,000 acres) is 1 million oz at 2 gpt and is economic, with a 40% after-tax IRR at $1300 gold. They expect to complete permitting in 2017 and begin production in 2019. The... more
08/24/2017
Analysis
Updated: Amani Gold Ltd
Amani Gold (previously Burey Gold) has two early exploration projects in Africa. Giro is in the DRC on 125,000 acres. They have been drilling since 2014 with good results. 81 meters at 1.4 gpt. 55 meters at 3.2 gpt. 97 meters at 2.7 gpt. With those... more
08/23/2017
General
New Youtube Video: Paramount Gold Nevada
New Youtube Video for Paramount Gold Nevada. more
08/23/2017
Analysis
Updated: Scotgold Resources Ltd
Scotgold Resources has a small high grade gold deposit (Cononish) in Scotland. It's only 250,000 oz (11 gpt), but they plan to build it. It also has silver, so that will reduce the cash costs. They completed a feasibility study and it is very economic,... more
08/23/2017
Analysis
Updated: Investigator Resources Ltd
Investigator Resources is exploring a silver discovery (Paris) in Australia. It is already a 42 million oz resource (120 gpt) at surface. If they can increase the size of the deposit, this could be a 10+ bagger. The FD market cap is only $17 million.... more
08/22/2017
Analysis
Updated: DRDGOLD Ltd
DRDGOLD is a mid-tier producer in South Africa. They recently sold their underground mine for $18 million. Blyvoor had high cash costs and they wanted to focus on their higher margin tailing reclamation project (from three old surface mines). Their gold... more
08/22/2017
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 all-in costs (free cash flow) around $1200 per oz. They should be able to maintain or expand production with 8 projects in their pipeline. They do have... more
08/22/2017
Analysis
Updated: Gold Fields Ltd
Gold Fields is a major with a global footprint. They currently produce 2 million oz per year, making them the 7th largest gold producer. They have 8 operating properties with 13% of production in South Africa, 43% in Australia, 32% in West Africa, and... more
08/22/2017
Analysis
Updated: Bassari Resources Ltd
Bassari Resources has an advanced gold project in Senegal, West Africa. The Makabingui project (200,000 acres) has a 700,000 oz (their share) deposit (2.6 gpt) with a feasibility study. The capex is only $12 million for the open pit and $35 million for... more
08/21/2017
Analysis
Added: Bluestone Resources Inc
Bluestone Resources is a new company that purchased a gold project (Cerro Blanco) from Goldcorp in 2017. It is a 1 million oz high grade (8 gpt) advanced project with a PEA. The problem is the location in Guatemala, which is not ideal. Tahoe Resources... more
08/21/2017
Analysis
Updated: 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 their Oyu Tolgoi property located in Mongolia. They own 66% and the Mongolian government... more
08/20/2017
Analysis
Updated: DELETE - Golden Star Resources Ltd.
Golden Star Resources is an old company with 25 years of experience. They have a good management team and appear to be heading in a good direction. They have 9 million oz (3 gpt) of resources in Ghana, West Africa. In 2017, they will produce 250,000 oz... more
08/20/2017
Analysis
Updated: Gold Reserve Inc
Gold Reserve Inc had been on hold since April 2008, when their mining license was revoked on their Brisas project by Venezuela. In 2014, they were awarded $740 million by an arbitration court. In 2016, Venezuela agreed pay the $740 million settlement,... more
08/19/2017
Analysis
Updated: Pelangio Exploration Inc
Pelangio Exploration is a relatively new project generator and has three large exploration projects in Ghana (125,000 acres). It looks like they have found a potential million oz mine (Manfo). The initial resource estimate came out in 2012 at 500,000 oz ( more
08/19/2017
Analysis
Updated: Walker River Resources Corp
Walker River Resources is a small project generator. They have two small early exploration projects. Lapon Canyon is a 700 acre past producing high grade gold mine. They began drilling in 2015 and had a good hole: 12 meters at 8 gpt. They are low on cash, more
08/19/2017
Analysis
Updated: Dundee Precious Metals Inc
Dundee Precious Metals is mid-tier producer. They have one producing gold mine in Bulgaria (Chelopech) at 150,000 oz, with significant offsets in silver, copper, and zinc to make them a low cost producer. Cash costs are under $500 per oz, with all-in... more
08/19/2017
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. It has a feasibility with a $1.8 billion capex rose. Cash costs are $900 per oz and all-in costs around $1400 per oz. The IRR is only... more
08/18/2017
Analysis
Updated: Renegade Gold
Confederated Minerals is trying to advance a high grade project (Newman Todd) in the Red Lake Ontario. They released a PEA in 2014 to get a 70% option, but haven't done much since except drill. They will need to do a lot more drilling to expand the... more
08/18/2017
Analysis
Added: Velocity Minerals Ltd
Velocity Minerals is a Canadian project generator focused on Bulgaria. They have two early exploration projects (Rozino - Tintyava and Ekuzya). They plan to drill Rozino in 2017. If they find economic gold, then they will continue exploration. They are... more
08/17/2017
Analysis
Added: Opawica Explorations Inc
Opawica Exploration is a project generator focused in Canada. They have one property (Bazooka) that is next to a large mine in Quebec. It has had some historical drilling (20 meters at 7.7 gpt and 17 meters at 7.8 gpt) and is a potential discovery. They... more
08/17/2017
Analysis
Added: Predictive Discovery Ltd
Predictive Discovery is an Australian project explorer focused in West Africa. They have more than 1 million acres in Burkina Faso and Cote d'Ivoire. They also have a 35% JV with two companies on 5 of their properties. These companies are paying for... more
08/17/2017
Analysis
Updated: Outcrop Silver & Gold
Miranda Gold is a relatively new project generator. They have 2 JVs and 5 properties (Alaska, and Colombia), but none of their projects are a significant discovery. Thus, I consider this a highly speculative long term investment. Many analysts like their... more
08/17/2017
General
SeekingAlpha Article: Gold & Silver Miners: Quality Producers
https://seekingalpha.com/article/4099746-gold-silver-miners-quality-producers?v=1502982206&comments=show more
08/16/2017
Analysis
Updated: Aya Gold & Silver Inc
Maya Gold & Silver is a small silver producer in Morocco. Zgounder, their silver project (85% owned), is a past producing mine (working mill onsite) with a 10 million oz resource (10 opt). They began production in 2014 at about 500,000 oz per year, which... more
08/16/2017
Analysis
Updated: Golden Goliath Resources Ltd
Golden Goliath Resources is a relatively new project generator with a focus in Mexico. They have 8 properties on 20,000 acres. However, they optioned 5 of these properties to Fresnillo for a 1% NSR. They kept San Timoteo, which has been their focus. It... more
08/16/2017
Analysis
Updated: Paramount Gold Nevada Corp
Paramount Gold Nevada is developing two gold projects with 7.5 million oz. It is a new company that was a spinout of Paramount Gold & Silver in 2015, which sold their San Miguel project. That left them with the Sleeper project in Nevada and Grassy... more
08/15/2017
Analysis
Updated: Liberty Gold
Liberty Gold (formerly Pilot Gold) was formed from Fronteer Gold’s management team. They have an advanced project in Turkey called Halilaga. It is really a copper project operated by Teck (60% ownership and operator), with 2 billion lbs of copper and 3. more
08/15/2017
Analysis
Updated: Paramount Gold Nevada Corp
Paramount Gold Nevada is a project generator. It is a new company (in 2015) that was a spinout of Paramount Gold & Silver, which sold their San Miguel project. That leaves them with the Sleeper project in Nevada and Grassy Mountain in Oregon. Sleeper is... more
08/15/2017
Analysis
Updated: Lumina Gold Corp
Lumina Gold (previously Odin Mining) has two large copper/gold discoveries in Ecuador (Cangrejos and Condor). Investors like it, bidding up the FD market cap to $120 million. Some of the drill holes have been impressive: 330 meters at .68 gpt gold, and... more
08/15/2017
Analysis
Updated: Magellan Gold Corp
Magellan Gold is actually a silver company. Their goal is to become a small silver producer. They have a property in Arizona (Silver District on 2,000 acres) with a historical resource of 16 million oz at 120 gpt (but a low recovery rate around 65%).... more
08/15/2017
Analysis
Updated: Pinnacle Silver and Gold
Newrange Gold (previously Colombian Mines) is a project generator with a lot of potential. They have 7 projects in Colombia covering 225,000 acres, 3 of which look very promising. The Yarumalito is still early exploration (18,000 meters drilling to date), more
08/13/2017
Analysis
Updated: Idaho Strategic Resources Inc
New Jersey Mining is a small gold producer in Idaho. Their Golden Chest deposit is 400,000 oz at 1.5 to 3 gpt. They are currently completing open pit production, with about 25,000 oz left. Then they will transition to underground mining of about 20,000... more
08/13/2017
Analysis
Updated: Idaho Strategic Resources Inc
New Jersey Mining is a small gold producer in Idaho. Their Golden Chest deposit is 400,000 oz at 1.5 to 3 gpt. They are currently completing open pit production, with about 25,000 oz left. Then they will transition to underground mining of about 20,000... more
08/12/2017
Analysis
Updated: Novo Resources Corp
Novo Resources is a near-term producer in Australia (2018). It is an exciting exploration play, but everything will depend on drilling results and exploration success. The first 16,000 meters of drilling found 500,000 oz at 1.5 gpt. They have large land... more
08/12/2017
Analysis
Added: DELETE - Southern Gold Ltd
Southern Gold Limited is a project generator focused in Australia. They have cash flow from a small open pit project (50% JV Cannon) and are cashed up with about $3 million and more coming. They also have 4 properties in Australia on 65,000 acres to... more
08/12/2017
Analysis
Added: Revival Gold Inc
Revival Gold is developing a small gold project in Idaho. Their Arnett creek project has 400,000 oz and they hope to expand it to 500,000 oz. It is a new company with a good management team. Insiders own 49%, including 22% by management. They know that... more
08/12/2017
Analysis
Added: De Grey Mining Ltd
De Grey Mining is an open pit gold project in Australia. Their Pilbara project is large with 250,000 acres and 60 mile long. It has a lot of exploration potential. currently they have 1 million oz at 1.5 gpt. I'm surprised it is this cheap, with a $8... more
08/11/2017
Analysis
Updated: Salazar Resources Ltd
Salazar Resources has a late stage project (El Domo deposit on their large Curipamba property). El Domo (850,000 oz at 2.8 gpt) looks like it is a mine. The capex is $110 million and the after-tax IRR is 30% (with a 41% tax rate). It has significant... more
08/11/2017
Analysis
Added: GGX Gold Corp
GGX Gold is project generator focused in Canada. They have one project (Gold Drop) on 25,000 acres in British Columbia. They are close to beginning drilling and the project is early exploration. They currently have low share dilution, but very little... more
08/11/2017
Analysis
Updated: Transition Metals Corp
Transition Metals is a project generator with 30 projects (9 gold) in Canada and 4 JVs. They are focusing on 5 district size plays: 2 gold, 1 copper, and 2 nickel, copper, and PGMs. All are early exploration. They have a tiny FD market cap of $5 million.... more
08/10/2017
Analysis
Updated: Minco Silver Corp
Minco Silver is highly undervalued. They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6 opt and is near surface. Thus, it will be a low cost ($6 per oz cash costs) / high profit mine. The cash flow... more
08/10/2017
Analysis
Updated: Toubani Resources Inc
African Gold Group is a high risk / high return stock, with a late stage project (feasibility completed) in southern Mali. Koboda already is a 2 million resource at 1 gpt, and could get much bigger. Future reserves are selling at $9 per oz, and they... more
08/10/2017
Analysis
Updated: Minco Silver Corp
Minco Silver is highly undervalued. They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6 opt and is near surface. Thus, it will be a low cost ($6 per oz cash costs) / high profit mine. The cash flow... more
08/10/2017
Analysis
Updated: IAMGOLD Corp
IAMGOLD is a global mid-tier producer, with production at 850,000 oz. They have 4 operating mines in Suriname (northern South America), Canada (Quebec), Mali, and Burkina Faso. They are currently building a large gold mine in Ontario (Cote with 7 million... more
08/04/2017
Analysis
Updated: Sandstorm Gold Ltd
Sandstorm Gold is a relatively new royalty company. They are focusing on gold and currently have 21 producing assets (under contract). They have solid cash flow from these properties and are growing rapidly at about 20% per year (production oz). They now... more
08/04/2017
Analysis
Updated: Endeavour Silver Corp
Endeavour Silver is an elite stock in the silver production category. They have 3 high grade silver mines in Mexico, with expected production of 9 million oz (silver equivalent including gold) in 2017. They are expanding production and reserves,... more
08/03/2017
Analysis
Updated: Avino Silver & Gold Mines Ltd
Avino Silver & Gold is an emerging mid-tier silver producer in Mexico. They will produce 3 million oz of silver equivalent in 2017 with all-in costs around $14 per oz (free cash flow). And they think they can increase production to 4 million oz (silver... more
08/03/2017
Analysis
Updated: Silver Bear Resources Plc
Silver Bear Resources has a large (125,000 acres) late stage project in Russia. Their Mangazeisky project is a 68 million oz resource of extremely high grade silver. The first 5 years of production will be at 800 gpt (30 oz per ton). That was not a typo,... more
08/01/2017
Analysis
Updated: Centerra Gold Inc
Centerra Gold is a large Canadian-based mid-tier producer. They have 16 million oz of reserves and are producing 800,000 oz at around $1000 per oz all-in costs. Free cash flow will be around $100 million in 2017. Their Kumtor mine in Kyrgyzstan has 5... more
08/01/2017
General
July 2017 Newsletter Posted
The July 2017 newsletter has just been posted. more
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