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News from February 2018
February 2018 Newsletter Posted
The February 2018 newsletter has just been posted. more
Updated: Galleon Gold Corp
Explor Resources is a project generator in Canada with 4 active properties and 12 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is a high-grade flagship in the right... more
Updated: MacDonald Mines Exploration Ltd
MacDonald Mines is advancing a gold discovery in Ontario, Canada. Wawa Holdsworth (1100 acres) looks like a potential mine. There has not been much drilling, but surface samples have been encouraging. It is in an excellent location near a large 6 million... more
Updated: Torq Resources Inc
Torq Resources (formerly Stratton Resources) has a large (300,000 acres) property in Newfoundland. They are cashed up for exploration with $20 million in the bank. They plan to drill aggressively, starting in 2019. Investors like their chances, bidding... more
Updated: Metals Exploration Plc
Metals Exploration is an emerging mid-tier gold producer in the Philippines. Their Runruno project has 1.4 million oz (1.7 gpt) with low costs. They plan to produce 100,000 oz for 10 years. The bad news is that the Philippines has been rethinking their... more
Updated: Solidcore Resources
Polymetal International is a major with both large gold and silver production in Russia. They have 24 million oz of gold resources and 340 million oz of silver resources. They are producing 900,000 oz of gold and 29 million oz of silver. Gold equivalent... more
Updated: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a small market cap of $5 million and some interesting properties in the Dominican Republic, Mexico, and Canada. This is a high-risk speculation stock. However, it was founded by the Coffin... more
Updated: DELETE - Surge Copper Corp
Surge Copper (formerly Gold Reach Resources) has an advanced large copper/gold project in Canada. Their flagship Ootsa project in British Columbia is mostly a copper deposit. Ootsa has 2+ billion lbs of copper, but also 1.5 million oz of gold equivalent ( more
Updated: West Vault Mining Inc
West Kirkland Mining purchased the Hasbrouck and Three Hills properties from Allied Nevada in 2014 for $20 million. They diluted their shares substantially to buy the properties. They have a pre-feasibility study to build both for a capex of $47 million.... more
Updated: Ramelius Resources Ltd
Ramelius Resources is a mid-tier producer in Australia. They are producing 200,000 oz with low all-in costs around $1100 per oz. They have an FD market cap of $188, which should be low for a 200,000 oz producer with low cash costs, $50 million in cash... more
Updated: DELETE - Chilean Metals Inc
Chilean Metals has 5 copper/gold properties in Chile totaling 50,000 acres. I don't see any drill results on their website, but investors like their chances. The also have a property in Canada (Bass River) that they are currently drilling.
They also... more
Updated: M3 Metals Corp
ML Gold is an exploration company focused in Canada and Nevada. They are preparing to drill 3 of their projects. One of them (Palmetto) is a gold mine in the making in Nevada. It is a 750 meter strike with very good historical drill results. I think they... more
Updated: Troy Resources Ltd
Troy Resources is a small gold producer. They have a good project in Guyana. Karouni has a 1 million oz (2.3 gpt) open pit resource. Production began in 2015 and was supposed to ramp up to 90,000 oz in 2017. However, they have had problems accessing the... more
Updated: Erdene Resource Development Corp
Erdene Resource Development is an early player in Mongolia, a country with a significant amount of natural resources. They have three projects that should make it into production. Their Altan Nar gold project is still early exploration, but they have... more
Updated: Newmont Corp
Newmont Mining is a solid major, although growth will be flat at around 5 million oz until 2020. They have 125 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($21 billion fully... more
Updated: Inca One Gold Corp
Inca One Gold is a toll miner in Peru. They process gold ore from other companies for a profit. They have a plan to grow from 100 tpd to 300 tpd - if they can sign enough contracts with gold producers. They estimate free cash flow to be about $3 million... more
Updated: Northern Superior Resources Inc
Northern Superior Resources has 3 early exploration projects in Canada (Quebec and Ontario). Croteau Est (55,000 acres) is their focus. It is a 640,000 oz (1 gpt) resource that is likely to exceed 1 million oz. It appears to be a mine. My expectation is... more
Updated: Orla Mining Ltd
Orla Mining has two open projects totalling 8 million oz. However, they currently do not have a company presentation and are not giving guidance for development on either project. Also, the management team sold their last two companies (Grayd to Agnico... more
Updated: Orla Mining Ltd
Orla Mining has two open projects totalling 5 million oz. However, they currently do not have a company presentation and are not giving guidance for development on either project. Also, the management team sold their last two companies (Grayd to Agnico... more
Updated: DELETE - Wishbone Gold Plc
Wishbone Gold has an early exploration gold project in Australia. However, they seem to be focusing on working with artisan miners in Honduras and Thailand. It is an odd strategy where they provide equipment in exchange for a lower than spot price for... more
Updated: Imperial Metals Corp
Imperial Metals is mainly a copper mining company with 5 billion lbs of copper and 100 million lbs of annual production. However, they also have 18 million oz of gold (only about 35% recovery) and 25 million oz of silver (only about 25% recovery). Both... more
New Podcast: www.miningstockeducation.com
New podcast on www.miningstockeducation.com more
New SeekingAlpha Article: Top 10 Silver Mining Stock for 2018
https://seekingalpha.com/article/4145995-top-10-silver-mining-stocks-2018 more
Updated: Orvana Minerals Corp
Orvana Minerals is an emerging mid-tier producer. Their 1.8 million ounce (4 gpt) flagship property in Spain (EVBC) began production in 2012 for a long-life mine. Currently they are only producing 60,000 oz at EVBC, but that should increase over time.... more
Updated: Cassiar Gold Corp
Margaux Resources has three early exploration projects in British Columbia. Jersey-Emerald is a large property (30,000 acres) with a large underground lead/zinc mine. It was last mined in the 1970s, but has a lot of underground workings. They want to... more
Updated: Peloton Minerals Corp
Peloton Minerals is an exploration company currently focused in Nevada. They have two gold projects (Golden Trail and Independence Valley) that could be discoveries. Both are small properties (320 acres and 785 acres). Both have gold at surface based on... more
Updated: Galway Metals Inc
Galway Metals has two gold projects in Canada. Their Clarence Stream project (500,000 oz at 7 gpt) could easily become a mine. It's on a large property (150,000 acres) in New Brunswick with significant exploration potential. Their other project (Estrades) more
Updated: K92 Mining Inc
K92 Mining is an emerging mid-tier gold producer in Papua New Guinea. They purchased a past producing mine (2006 to 2009) from Barrick Gold for $2 million, plus $60 million in future payments. The Kainantu mine has about 1.5 million oz at 7 gpt, with... more
Updated: DELETE - Cascadero Copper Corp.
Cascadero Copper has some early exploration silver projects in Argentina. They also have a rare earth project in Argentina. They have a $24 million FD market cap. I'm not sure why it is so high. They do not have a company presentation and the information... more
Updated: DELETE - Cascadero Copper Corp.
Cascadero Copper has some early exploration silver projects in Argentina. They also have a rare earth project in Argentina. They have a $27 million FD market cap. I'm not sure why it is so high. They do not have a company presentation and the information... more
Updated: DELETE - US Copper Corp.
Crown Mining has a large copper deposit (2 billion lbs) in California. With a $9 million FD market cap, it is cheap for such a large deposit (Lights Creek). They seem to be focusing on this project at this time.
They also have three early exploration... more
Updated: K92 Mining Inc
K92 Mining is an emerging mid-tier gold producer in Papua New Guinea. They purchased a past producing mine (2006 to 2009) from Barrick Gold for $2 million, plus $60 million in future payments. The Kainantu mine has about 1.5 million oz at 7 gpt, with... more
Updated: K92 Mining Inc
K92 Mining is an emerging mid-tier gold producer in Papua New Guinea. They purchased a past producing mine (2006 to 2009) from Barrick Gold for $2 million, plus $60 million in future payments. The Kainantu mine has about 1.5 million oz at 7 gpt, with... more
Updated: Pasofino Gold Ltd
Enforcer Gold (formerly Natan Resources) is project generator focused in Canada. They have two properties in Quebec. They recently created a 50/50 JV with a partner who must spend $2 million on exploration to get their option on the Roger property.... more
Updated: Antilles Gold Ltd
Panterra Gold is a small producer in the Dominican Republic. Their Las Lagunas tailings project has about 2 more years left at 45,000 oz per year. All-in costs are around $1200 per oz, so not a lot of cash flow. They have $16 million in net debt, but... more
Updated: Kula Gold Ltd
Kula Gold is a project generator in Papau New Guinea. They have 20% ownership in a 2 million oz (1.5 gpt) deposit (Woodlark Island) that is permitted with a completed feasibility study. They have a JV deal with Geopacific Resources. The stock seems... more
Updated: Xali Gold Corp
Candente Gold is a small exploration company with a tiny FD market cap of $3 million. The El Oro property has a lot of potential. Only two veins on the property were mined to 200 meters and produced 6.4 million oz (8-10 gpt) of gold and 75 million oz (4-6 more
January 2018 Newsletter Posted
The January 2018 newsletter has just been posted. more
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