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06/30/2020
Analysis
Updated: DELETE - Erris Resources
Erris Resources is a project generator focused in Europe. They have JV deal with Centerra on 3 properties in Sweden (75,000 acres). Centerra is currently drilling and can earn 70%. Klippen is a potential discovery with a 6-mile strike. Currently they... more
06/29/2020
Analysis
Updated: Keras Resources Plc
Keras Resources PLC is a small project generator. They owned about 30% of Calidus Resources and its Warrawoona property (Western Australia). It was a 1.2 million oz deposit (2 gpt) that is likely to get mined, but they distributed the shares to... more
06/29/2020
Analysis
Updated: Klondike Gold Corp
Klondike Gold has three properties in the Yukon totalling 135,000 acres. There is gold on these properties and if gold prices explode in value, this company should do well. They drilled about 50 holes in 2016, 2017, 2018, and 2019 with plans to drill... more
06/29/2020
Analysis
Updated: Max Resource Corp
Max Resource Corp has 2 projects in Colombia and one in Canada. The first one is Choco (400,000 acres) which is a similar discovery as the conglomerate found by Novo Resources. It is only 12 meters thick and a surface mine, they are waiting for the... more
06/28/2020
Analysis
Updated: Antipa Minerals Ltd
Antipa Minerals is a project generator in Australia. They have three large (1 million acres) properties. The most advanced is Citadel, which a 25% JV with Rio Tinto. It has 1.6 million oz (.8 gpt) of gold and 300 million lbs of copper. They also have a... more
06/28/2020
Analysis
Updated: Decade Resources Ltd
Decade Resources is a project generator focused in Canada. They have 12 properties in the golden triangle area of British Columbia. All of their properties are early exploration and they do not have a discovery. Also, they are out of cash, so expect... more
06/28/2020
Analysis
Updated: Greencastle Resources Ltd
Greencastle Resources is a new project generator. They had 2 early exploration gold properties in Nevada but currently have only one, after entering a JV deal with Golden Lake on the Jewel Ridge project. The second prospect is Indian Creek, but they are... more
06/27/2020
Analysis
Updated: Eagle Plains Resources Ltd
Eagle Plains Resources is a project generator in Western Canada that has been around since 1992. They have amassed 35 projects (about half are gold or silver) and have several JV deals. They would have more but utilize a spin-out strategy once a project... more
06/27/2020
Analysis
Updated: Regulus Resources Inc
Regulus Resources is a project generator with two large copper projects. They acquired Southern Legacy Minerals in 2014, which had a 5 billion lb copper project (Antakori) in Peru, with 4.5 million oz of gold (.35 gpt) and 125 million oz of silver. Since... more
06/26/2020
Analysis
Updated: Probe Gold Inc
Probe Metals (recent merger with Adventure Gold) has a 3.3 million oz deposit in Ontario (Val d'Or East). It is half open pit and half underground. This is their flagship, but they are taking their time developing it. I don’t know their intentions.... more
06/26/2020
Analysis
Updated: Pantoro Ltd
Pantoro Ltd is a high-grade gold producer in Australia. Currently, they are producing around 60,000 oz (Nicolsons) at low cash costs (although they lost money last quarter). They recently acquired 50% of the Central Norseman project, which has a 2... more
06/25/2020
Analysis
Updated: Rugby Resources Ltd
Rugby Mining is a new project generator. They recently obtained 5 gold properties (200,000 acres) in Colombia from Barrick Gold, including a database of Barrick's previous exploration work. The stock jumped from 3 cents to 25 cents from this acquisition,... more
06/24/2020
Analysis
Updated: Solgold Plc
Solgold has a very large copper/gold project (Cascabel) in Ecuador. It has 23 million oz (.35 gpt) of gold and 10 billion lbs of copper. It has a 55-year mine life. They will mine 400,000 oz of gold annually at very low cash costs using copper offsets.... more
06/24/2020
Analysis
Updated: Metallis Resources Inc
Metallis Resources is a project generator with a large property (Kirkham) in the Golden Triangle in British Columbia. Kirkham (25,000 acres) has had very little drilling, but has significant potential. They have identified 8 drill areas. The Cliff... more
06/23/2020
Analysis
Updated: Defiance Silver Corp
Defiance Silver has a high-grade discovery in Mexico. In 2011, then obtained a $5.5 million option to purchase the historic San Acacio mine in the Zacatecas Silver district ($4.6 million is due). They need to raise at least $10 million to drill and... more
06/23/2020
Analysis
Updated: Sarama Resources Ltd
Sarama Resources is a project generator in West Africa (Burkina Faso). They have one flagship project: South Hounde. It is a 2 million oz deposit at 1.5 gpt. It will get built, but there is no PEA yet, so it will take about 4-5 years until production.... more
06/22/2020
Analysis
Updated: Fresnillo Plc
Fresnillo is a major with an FD market cap of $7.4 billion and is the largest silver producer at 55 million oz per year. They plan to expand production to 65 million oz in 2021. This is a very profitable company at current gold/silver prices ($1700/$17).... more
06/22/2020
General
New SeekingAlpha Article: Skeena Resources
https://seekingalpha.com/article/4354969-skeena-resources-exciting-gold-development-story more
06/22/2020
Analysis
Added: Hycroft Mining Holding Corp
Hycroft Mining is the rebirth of Allied Nevada, which went bankrupt several years ago. They have expunged most of their debt, although they will re-start with about $150 million in debt. They are expecting cash costs of only $550 per oz, so they have... more
06/21/2020
Analysis
Updated: Metallic Minerals Corp
Metallic Minerals (previously Monster Mining) is a new project generator in Canada (Yukon). They have a potential silver discovery (Keno-Lightening) that is adjacent to Alexco's large high-grade silver deposit. It's on 27,000 acres and they have... more
06/20/2020
Analysis
Updated: Argentum Silver Corp
Argentum Silver is a project generator focusing on silver. They have two early exploration projects in Mexico. Coyote (2,500 acres) and Victoria (7,500 acres). Both are early exploration. Eric Sprott owns 50% of the shares and may fund drilling. There... more
06/20/2020
Analysis
Updated: US Gold Corp
US Gold Corp is a project generator focused in the USA. They are excited the most about their Keystone project in Nevada (18,000 acres). It is located on the Cortez Trend near two huge mines (Cortez Hills and Pipeline). They think it could have between 1... more
06/20/2020
Analysis
Updated: Awale Resources
Awale Resources is a new company formed in 2016. They are a project generator exploring for gold in West Africa (Cote D'Ivorie). They have 3 properties on 425,000 acres and they have application to expand that to about 1 million acres. Their current... more
06/20/2020
Analysis
Updated: Intl. Prospect Ventures
Intl. Prospect Ventures is a project generator focused in Western Australia. They have 8 properties in the Pilbara on 220,000 acres. All of them are early exploration. Their properties are spread out over 5 areas. They are all named after hockey teams (Ha more
06/20/2020
Analysis
Updated: Endeavour Mining Corp
Endeavour Mining is a large gold producer in West Africa, with 5 operating mines in 3 countries. Their market cap has jumped to $2.5 billion, so they aren't cheap anymore. They are producing 700,000 oz with all-in costs (free cash flow) around $1150 per... more
06/19/2020
Analysis
Updated: DELETE - Millrock Resources Inc
Millrock Resources is a project generator focused in North America and Mexico. They have 27 properties and about 7 JVs. These numbers should increase over time. It's still cheap with a $27 million FD market cap because they do not have an advanced... more
06/19/2020
Analysis
Updated: NewPeak Metals Ltd
Dark Horse Resources is a project generator focused in Argentina. They have two early exploration gold projects (Las Openas and Cachi). In 2019 they sampled some visible gold in Las Openas and then 16m @ 5 g/t AuEq, they planned to start drilling at the... more
06/18/2020
Analysis
Updated: AuMEGA Metals Ltd
Matador Mining is building a gold mine in Canada (Newfoundland). Their Cape Ray project is solid, although currently a short mine-life of 7 years. They plan to mine 70,000 annually with cash costs of only $700 per oz. It’s an open pit at 2 gpt. That’s more
06/17/2020
Analysis
Updated: Antler Gold Inc
Antler Gold is a project generator focused in West Africa (Namibia). It is a large property (200,000 acres) with very little drilling. They are out of cash and will need to dilute to drill in 2020. I’m surprised by their FD market cap of $11 million.... more
06/17/2020
Analysis
Updated: Prospector Metals Corp
Ethos Gold is a project generator focused in Canada, Nevada, and Mexico. They have four early exploration gold projects and no discoveries. They are cashed up with $2 million and will be doing drilling on several of their properties. They are drilling... more
06/16/2020
Analysis
Updated: Maple Gold Mines Ltd
Maple Gold Mines (previously Aurvista Gold) has a large 2.8 million oz (1 gpt) resource (most of it is inferred) in Quebec. Their new CEO announced his intention to sell the project, with this statement: "The team is now focused on making Maple Gold... more
06/16/2020
Analysis
Updated: DELETE - Glen Eagle Resources Inc
Glen Eagle Resources is project generator focused in Honduras. They have two early exploration properties (Piedra Dorada, Moloncosa). Both appear to be drill ready. They are low on cash and will need to dilute to raise cash.
They also are a toll miner... more
06/15/2020
Analysis
Updated: Vista Gold Corp
Vista Gold has a large project in Australia called Mt Todd (8 million oz at .8 gpt, with 90% recovery rate). They are currently looking for a partner to help finance the project. They might even sell for a small premium. This is a property that a major... more
06/15/2020
Analysis
Updated: Silvercorp Metals Inc
Silvercorp Metals is a Canadian based company with a large silver mine in China. They have large resources with 250 million oz at 200 gpt. Their cash costs for 2019 were under $5 per oz. All-in costs were about $8 per oz (free cash flow). Thus, they are... more
06/14/2020
Analysis
Updated: Castle Minerals Ltd
Castle Minerals is a project generator. They are in the process fo acquiring two gold properties in Western Australia: The Wanganui project is located 33km south-west of the active Meekatharra mining centre and they want to test for down-plunge and along... more
06/14/2020
Analysis
Updated: Badlands Resources Inc
Mineral Mountain Resources is a new company with a gold project in South Dakota. They have a good management and technical team, led by Nelson Baker, the ex CEO of Rainy River. They are currently drilling their Rochford project (7,500 acres). It is 15... more
06/14/2020
Analysis
Added: Reyna Silver Mining Inc
Reyna Silver is a new project generator focused in Mexico. They have 4 properties (75,000 acres) and are focusing on Guigui, which has been drilled by MAG Silver. They plant to drill 10,000 meters in 2020. They have a strong board and two famous... more
06/14/2020
Analysis
Updated: Oceanagold Corp
OceanaGold is a large mid-tier producer. They have 13 million oz in resources (1.2 gpt) and will produce 350,000 oz in 2020 with all-in costs $1250 to $1350 per oz (free cash flow). Costs should drop to around $1200 per in the next couple of years. They... more
06/13/2020
Analysis
Updated: Gogold Resources
GoGold Resources is a silver producer in Mexico. They will produce 2 million oz of silver equivalent (including gold) in 2020 with all-in costs around $15 per oz (free cash flow). The Parral tailing project has 25 million oz silver equivalent (including... more
06/13/2020
Analysis
Updated: Southern Hemisphere Mining
Southern Hemisphere Mining is a project generator. They had a JV in Chile with Hudbay Minerals (a major copper producer) on their Llahuin copper/gold project in, but Hudbay terminated the option. After the termination of the JV They shifted their efforts... more
06/13/2020
Analysis
Updated: First Nordic Metals Corp
Barsele Minerals was a recent spin-out from Orex Minerals. They have a single project, which is the Barsele gold project in Sweden. It is currently a 2.5 million oz (2.7 gpt) open pit and underground project. They have a JV with Agnico Eagle, who has an... more
06/13/2020
Analysis
Updated: Aruma Resources Ltd
Aruma Resources is a gold exploration company focused in Western Australia. They are exploring 4 projects. In Slate Dam (60,000 acres) they completed phase 2 drilling in 2018 which resulted in small sized gold veins. Another project is Beowulf (125,000... more
06/12/2020
Analysis
Updated: Atico Mining Corp
Atico Mining is a small copper/gold producer in Colombia. They are profitable, with all-in costs under $1000 per oz, and they have a decent balance sheet. Plus, they have a new discovery. Recent drill holes have been impressive: 109 meters at 3.8 gpt,... more
06/12/2020
Analysis
Updated: Condor Resources Inc
Condor Resources is a project generator focused in Chile and Peru. They have 7 properties and 2 JVs, all of which are early-stage exploration. Currently they are drilling two projects, which they hope to JV. They have a low FD market cap of $10 million,... more
06/12/2020
Analysis
Updated: DELETE - Arrow Minerals Ltd
Arrow Minerals (formerly Segue Resources) is a project generator in Western Australia. They have six early exploration gold projects - one of them in Australia and the rest in Burkina Faso. Their main focus is the Divole project in Burkina Faso, in which... more
06/11/2020
Analysis
Updated: Jaxon Mining Inc
Jaxon Minerals is a project generator focused on the Golden Triangle in British Columbia, Canada. They have two projects (Hazelton and More Creek) that are ready for drilling. Hazelton is more advanced and on 120,000 acres, they recently drilled in one... more
06/11/2020
Analysis
Updated: Goliath Resources
Goliath Resources is a project generator focused in Canada. They have 2 early exploration - Lucky strike and Golddigger. The latter is their main focus after raising $400k for delineating drill targets. It is located in the golden triangle and is next to... more
06/11/2020
Analysis
Updated: Silver Mines Ltd
Silver Mines Ltd is trying to become a mid-tier silver producer. They recently purchased the Bowdens, which is the largest undeveloped silver project in Australia (150 million oz). It is low grade (50 gpt), but has zinc and lead offsets.
They... more
06/10/2020
Analysis
Updated: Aztec Minerals Corp
Aztec Minerals is a new exploration company with two projects. Their Cervantes gold project (9,000 acres) is a recent discovery in Mexico, with initial drilling in 2017 and 2018. They have to be excited about the drill results (160 meters at .77 gpt, 139... more
06/10/2020
Analysis
Updated: M3 Metals Corp
M3 Metals (Previously ML Gold) is an exploration company focused in Canada and Arizona. They focus their efforts on their Mohave property, in which they have a historic resource of 96,000 ounces of gold @ 1.35 gpt. All of the historic drilling has been... more
06/09/2020
Analysis
Updated: TRX Gold Corp
Tanzanian Gold Corp (formerly Tanzanian Royalty Exploration) has a late-stage project (Buckreef) and numerous exploration properties in Tanzania. In fact, they have a 5-year plan to bring 3 projects into production: Buckreef, Itetemia and Kigosi. In 2013, more
06/09/2020
Analysis
Updated: Tower Resources Ltd
Tower Resources is an exploration company focused in Canada (British Columbia). They have 3 properties on 70,000 acres. Their More Creek project is located in the Golden Triangle and could be a potential gold discovery based on soil samples. They also... more
06/08/2020
Analysis
Updated: DELETE - Aurelius Minerals Inc
Aurelius Minerals recently acquired 4 properties in Nova Scotia that they are calling the Aureus Gold project. They include Aureus East, an underground mine with a permitted 300 tpd mill. They are targeting 500,000 oz and to restart the mine.
Aureus... more
06/08/2020
Analysis
Updated: Compass Gold Corp
Compass Gold is a project generator focused in West Africa (Mali). They have three large properties (Yanofolila North, Yanofolila South, and Kale) totaling about 250,000 acres. They have at least 50 drill targets and have drilled about 2500 holes. They... more
06/07/2020
Analysis
Added: Great Pacific Gold Corp
Fosterville South Exploration is a project generator focused in Australia. They have three properties in Victoria near Kirkland Lake's Fosterville mine. Amazingly, their FD market cap has exploded to $130 million, yet they haven't found a mine yet. This... more
06/07/2020
Analysis
Updated: Mistango River Resources Inc
Mistango River is a project generator focused in Canada. They have two projects in Ontario. Their Eby-Baldwin property (10,000 acres) is contiguous with Kirkland Lake's Macassa mine. It is still early exploration with very little drilling, but investors... more
06/06/2020
Analysis
Added: Guanajuato Silver
Vangold Mining is a project generator with a project in Mexico. Their El Pinguico mine (175 acres) is a past-producing gold/silver mine from the early 1900s. The last time it was mined was in 1913, but it has 4 shafts and 10 levels, so it was mined... more
06/06/2020
Analysis
Updated: Xali Gold Corp
Candente Gold is a small exploration company with a tiny FD market cap of $3 million. They currently focus on a new growth strategy and are looking to purchase from Magellan Acquisition Corp. both a plant (the San Dieguito de Arriba beneficiation mill)... more
06/06/2020
Analysis
Added: Mistango River Resources Inc
Mistango River is a project generator focused in Canada. They have two projects. Their Eby-Baldwin property (10,000 acres) is contiguous with Kirkland Lake's Macassa mine. It is still early exploration with very little drilling, but investors have bid it... more
06/06/2020
Analysis
Updated: DELETE - US Copper Corp.
Crown Mining has a large but low grade copper deposit (2 billion lbs at 0.25%) in California. With a $4 million FD market cap, it is cheap for such a large deposit, but it is understandable from several reasons, such as the low IRR (14% after-tax for... more
06/05/2020
Analysis
Updated: Golden Ridge Resources
Golden Ridge Resources is a project generator focused in Canada. They have three early exploration projects. Hank (5,000 acres) has a discovery in the Golden Triangle of British Columbia. They did their first drilling in 2017 and had discovery holes of... more
06/05/2020
General
New Gold-Eagle article: Top 10 Gold & Silver Miners.
https://www.gold-eagle.com/article/top-10-gold-and-silver-mining-stocks more
06/05/2020
Analysis
Updated: DELETE - Kilo Goldmines Ltd
Kilo Goldmines is a project generator focused in Africa. They had a lot of gold on their properties (500,000 acres) after defining 1.7 million ounces (2.5 gpt) at their shallow open pit Somituri project (71% ownership), but they had to sell all of their... more
06/04/2020
Analysis
Added: Tesoro Gold
Tesoro Resources is a project generator focused in Chile. They have a gold discovery (El Zorro) that they are drilling. It is early exploration with only a few holes, but several have been significant (86 meters at 2.3 gpt, 98 meters at 1.5 gpt). They... more
06/04/2020
Analysis
Added: Carawine Resources Ltd
Carawine Resources is a project generator focused in Australia. They have two gold projects they are advancing. Paterson (425,000 acres) is a 20% JV that is being drilled by their partner. Jamieson (42,000 acres) is a gold discovery (92 meters at 3 gpt)... more
06/04/2020
Analysis
Updated: Pan American Silver Corp
Pan American Silver is one of the largest silver producers. They get about half of their revenue from silver production, about a quarter from gold, and the rest in base metals (zinc, lead, and copper). They recently acquired Tahoe Resources and joined... more
06/03/2020
Analysis
Added: Rokmaster Resources Corp
Rokmaster Resources is trying to re-open a mine in British Columbia. Until they release a PEA, there are a lot of unknowns. What is know is that they have a deposit of about 1.5 million oz at 6 gpt (including silver), plus zinc and lead offsets. So, the... more
06/03/2020
Analysis
Updated: Bonterra Resources Inc
BonTerra Resources is trying to become a mid-tier producer in Canada. They acquired Metanor Resources in 2018 and now have aggressive plans to spend $45 million to become a mid-tier producer in 2022. They have 3 properties and a mill in Quebec. They plan... more
06/02/2020
Analysis
Updated: Impact Minerals Ltd
Impact Minerals is a project generator focused in Australia. Their Commonwealth project (2,000 acres) is a small gold discovery (less than 100,000 oz) at 2.8 gpt, plus 48 gpt silver. They think it could be a large system and has a lot of drill target... more
06/02/2020
Analysis
Updated: Matsa Resources
Matsa Resources is a new small gold producer in Australia. They only have 450,000 oz (2.2 gpt), so they are dependent on exploration success. They have 4 projects on 150,000 acres. They have two operating open pit mines (Fortitude and Red October) on... more
06/01/2020
Analysis
Updated: Coeur Mining Inc
Coeur Mining has underperformed since 2006. They have to reach $70 per share just to get back to where the share price traded in 2006. However, they have been aggressive, purchasing Orko Silver, Paramount Gold, and a mine from Gold Corp. Plus, they tend... more
06/01/2020
General
May 2020 Newsletter Posted
May 2020 Newsletter Posted. more
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