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07/31/2020
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 (about $1.5 million) and 4 NSRs that are... more
07/30/2020
Analysis
Updated: Artemis Resources Ltd
Artemis Resources is an Australian mining company with several properties in Western Australia. Recently, a world-class discovery of 275 meters at 4.7 gpt (Havieron) was made next to one of their properties (Paterson). This vaulted their valuation from $2 more
07/29/2020
Analysis
Updated: Horizon Gold Ltd
Horizon Gold is a new company (spin-out from Panoramic Resources) in Australia. They have a large property (150,000 acres) that has had extensive mining (30 open pit and 3 underground mines). It has a mill, but requires refurbishing (it was operating in... more
07/29/2020
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
07/29/2020
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 $16 per oz (free cash flow). The Parral tailing project has 25 million oz silver equivalent (including... more
07/28/2020
Analysis
Updated: Rockfire Resources
Rockfire Resources is a London based exploration company. They have 3 projects in Australia and 1 in Papua New Guinea. Their Australian projects have two discoveries they are drilling at Lighthouse / Plateau / Double Event. The grade has been low, but... more
07/28/2020
Analysis
Updated: AXMIN Inc
Axmin Inc. is trying to build a gold mine in CAR (Central African Republic). They have a large 3 million oz (2 gpt) surface project called Passendro. The problem is that Passendro has been on hold since 2012 due to rebel activity in the country. However,... more
07/27/2020
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
07/27/2020
Analysis
Updated: Geopacific Resources Ltd
Geopacific Resources is trying to build a 1.5 million oz (1.5 pt) open pit project (Woodlark Island) in Papua New Guinea. It is permitted, economic (30% after-tax IRR), with a feasibility study. Cash costs are projected to be low at around $600 per oz,... more
07/26/2020
Analysis
Updated: Minera Alamos Inc
Minera Alamos is advancing two gold projects (La Fortuna and Santana) in Mexico to production. Santana will go first, with a small $7 million capex. They hope to mine 25,000 oz annually, but currently have a small resource. However, they are drilling 3... more
07/25/2020
Analysis
Updated: Ten Sixty Four Ltd
Medusa Mining is a mid-tier producer in the Philippines. They plan to produce about 100,000 oz in 2020 (Co-O mine), with cash costs around $650 per oz and all-in costs around $1300 per oz. They have been having problems with grade and higher all-in costs. more
07/25/2020
Analysis
Updated: Mawson Gold Limited
Mawson Resources is a new project generator focusing in Finland and Australia. They do not yet have any JV deals, but they have a potential big project in Finland called Rompas - Rajapalot (42,000 acres). They began initial drilling (4,000 meters) in... more
07/25/2020
Analysis
Updated: Blue Star Gold Corp
Blue Star Gold (formerly WPC Resources) has a high-grade project (Ulu) in Nunavut. It is a historical resource with 800,000 oz at 5 gpt. It is a potential mine. Their price and market cap have risen in 2020 from higher gold prices. They were able to... more
07/24/2020
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 2017, and is currently at $2.24. What a run! However, now it has become mostly an exploration play, because they have low resources of only 1... more
07/24/2020
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 2017, and is currently at $2.24. What a run! However, now it has become mostly an exploration play, because they have low resources of only 1... more
07/23/2020
Analysis
Updated: Discovery Silver Corp
Discovery Metals is a project generator focused in Mexico. There FD market cap has exploded to $320 million because of higher silver prices. They have a huge low-grade project (Cordero) that has about 1.5 billion oz of AGEQ (60 gpt). They are focusing on... more
07/23/2020
Analysis
Updated: DELETE - Osino Resources
Osino Resources is a new project generator focused in Namibia (South Africa). They acquired Romulus Resources and changed their name in 2018. It's a good management team that used to run Auryx Gold before it was acquired by B2Gold. The share price took... more
07/22/2020
Analysis
Updated: Anglogold Ashanti Ltd
AngloGold Ashanti is one of the largest gold producers. They were cheap in 2018, crashing to $7 per share. This was due to strikes in South Africa and higher cash costs. They resolved those issues and now the stock is back to $32 per share.
The key... more
07/22/2020
Analysis
Updated: DELETE - Chalice Mining
Chalice Gold Mines is a project generator based in Australia. They sold their Cameron project to First Mining Finance in 2016 for an 8% ownership in First Mining Finance, plus cash. They also sold another flagship that was in Africa for cash. In 2019,... more
07/21/2020
Analysis
Updated: Unigold Inc
Unigold Inc has a large gold discovery in the Dominican Republic. Their Neita property (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 oz... more
07/20/2020
Analysis
Updated: Globex Mining Enterprises Inc
Globex Mining is a project generator that has been around for 60 years. With 190 projects (90 are precious metals) in Canada and the US (mostly in Quebec and Ontario). They also have 53 royalty properties, with 1 paying out about $1.5 million per year.... more
07/20/2020
Analysis
Updated: Rockhaven Resources Ltd
Rockhaven Resources has an excellent gold/silver project in the Yukon. The problem has always been economics. The did a PEA and the after-tax IRR was only 20% at $1300 gold. Plus, the capex is very high at $244 million. For this reason, investors have... more
07/19/2020
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 12 cents. Pardo is still early exploration, but a large property (48,000 acres)... more
07/19/2020
Analysis
Updated: American Pacific Mining
American Pacific Mining is a new exploration company. In 2020, they acquired Madison Mining, which has a gold/copper project that is a 30% JV with Rio Tinto. It has some excellent drill results (30 meters at 24 gpt) and looks like a mine. Rio Tinto has... more
07/18/2020
Analysis
Updated: Focus Minerals Ltd
Focus Minerals was a mid-tier producer in Australia, but they halted production in 2013 due to high cash costs. My guess is they will resume production. They have two solid properties: Laverton and Coolgardie. Both are large (400,000 acres combined) with... more
07/18/2020
Analysis
Updated: Quebec Precious Metals Corp
Quebec Precious Metals (formerly Canadian Strategic Metals) is a project generator focused in Quebec, Canada. They have a gold discovery (Sakami). It is a large property (35,000 acres) in a good location and early drill results have been pretty good (106... more
07/17/2020
Analysis
Updated: St Barbara Ltd
St. Barbara is a mid-tier gold producer based in Australia. They have three producing mines. Leonora in Australia at 175,000 oz, Simberi in Papua New Guinea at 110,000 oz, and Touquoy in Canada (100,000 oz). Cash costs for the last quarter were about $700 more
07/16/2020
Interview
Interview on MiningStockEducation.com
https://youtu.be/n5xqFD1qVtE more
07/16/2020
Analysis
Updated: Cora Gold Ltd
Cora Gold is trying to advance a small open-pit gold project (Sanankoro) in Mali to production. They are currently trying to finance the feasibility study, which is due in 2021. The capex is $22 million to produce 45,000 oz annually. This is their... more
07/16/2020
Analysis
Updated: Euromax Resources Ltd
Euromax Resource was trying to advance a gold project in Macedonia. Everything looked great and then suddenly they could not get the mining permit. Currently they are in court, but looks like the best outcome is a financial settlement. They have debt... more
07/15/2020
Analysis
Updated: Cora Gold Ltd
Cora Gold is advancing a gold project (Sanankoro) in Mali to production. They are currently trying to finance the feasibility study, which is due in 2021. The capex is $22 million to produce 45,000 oz annually. This is their starter mine. If successful,... more
07/15/2020
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
07/14/2020
General
New SeekingAlpha Article:Spanish Mountain Gold
https://seekingalpha.com/article/4358465-spanish-mountain-gold-exciting-gold-development-story more
07/14/2020
Analysis
Updated: Cartier Resources Inc
Cartier Resources is a project generator focusing in Quebec. They have a significant project (Chimo) that has 1.2 million oz (4 gpt) that is supposed to increase to 1.7 million oz in 2020. I’m not sure why it is so cheap, because the location is... more
07/14/2020
Analysis
Updated: DELETE - Southern Gold Ltd
Southern Gold Ltd is a project generator focused in South Korea. They have 11 properties on 30,000 acres. They have a 50% JV (Gubong and Kouchang) that are past producing mines. Their JV partner is trying to develop these projects. With their low... more
07/14/2020
Analysis
Updated: Honey Badger Silver
Honey Badger Exploration is a project generator focused in Canada. They have three high-grade silver properties in Ontario. They were mined in the 1800s, but have not been drilled by modern methods. Silver Mountain-Mink, Beaver, and Lilly are on 75,000... more
07/13/2020
Analysis
Updated: Zonte Metals Inc
Zonte Metals is a project generator focused in Canada. They have a property (McConnells Jest) in the Yukon (7,500 acres) that is located next to Victoria Gold and Alexco Resources. It's in a good location and investors have bid up their market cap.... more
07/12/2020
Analysis
Updated: 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 released a PEA in 2018. It has 6% zinc and 4% lead, plus 55 million oz of silver at 30 gpt. The capex is... more
07/12/2020
Analysis
Updated: Orogen Royalties Inc
Evrim Resources is a new project generator. They recently got very lucky. A property they optioned (keeping a 2% NSR) to First Majestic Silver (Ermitano) announced a monster hole of 106 meters at 13 gpt gold, plus another hole of 195 meters at 2 gpt gold. more
07/12/2020
Analysis
Updated: Sokoman Minerals Corp
Sokoman Minerals has 5 gold properties in Newfoundland, Canada. Investors were excited about 2018 drill holes at their Moosehead property (17 meters at 11 gpt and 16 meters at 14 gpt). Their FD market cap increased 5x in 2018 to $26 million. However, now... more
07/11/2020
Analysis
Updated: GR Silver Mining Ltd
GR Silver Mining (previously Goldplay Exploration) is a new company. They have several early exploration projects in Mexico. They are focusing on San Marcial (3,000 acres) with an updated resource estimate of 30 million oz of silver in the M&I category... more
07/11/2020
Analysis
Updated: Bayhorse Silver Inc
Bayhorse Silver (formerly Kent Exploration) had a good property (Gnaweeda) and spun it out into a new company (Archean Star). That left shareholders with 2 small silver projects in Oregon and Idaho. That was not shareholder friendly, as that property... more
07/11/2020
Analysis
Updated: Horizon Minerals Limited
Horizon Minerals was a small producer in Australia. They are planning to resume production in 2022. They are working on a feasibility study for their Boorara project that has 500,000 oz. Overall, they have 1.1 million oz.
They wanted to transform... more
07/09/2020
Analysis
Updated: Novo Resources Corp
Novo Resources exploded in value based on a potential large discovery in Western Australia (Pilbara region). However, it’s high valuation is still based on a theory. The only resource it has is Beaton’s Creek which is only 1 million oz. The theory is... more
07/09/2020
Analysis
Updated: DELETE - Magna Gold Corp
Magna Gold acquired the San Francisco mine from Alio Gold. This gives them a large mine (1.5 million oz) that should make them a near-term producer (perhaps 2 years). This mine has high costs, but they are working towards finding a way to reduce costs. I... more
07/09/2020
Analysis
Updated: Harfang Exploration Inc
Hargang Exploration is a project explorer focused in Canada. They have 8 properties in the James Bay region of Quebec. Serpent (70,000 acres) seems to be their focus. They also have a gold project in Nunavut (Lake Fagnant) and Ontario (Lake d'Argent).... more
07/07/2020
Analysis
Updated: Monarch Mining
Monarch Gold (previously Monarques Gold) is developing a large open pit project in Quebec. They acquired the Wasamac open pit project (2.5 million oz at 2.7 gpt) from Alamos Gold. They paid with 36 million shares. That is excellent grade for a large open... more
07/07/2020
Analysis
Updated: Spanish Mountain Gold Ltd
Spanish Mountain has a large open-pit gold project in Canada (British Columbia). In 2019, they updated their PEA, which reduced the capex to $273 million, decreased cash costs to $550 (for the first 10 years), and increased their after-tax IRR to 20% at $ more
07/06/2020
Analysis
Added: DELETE - Mallee Resources Ltd
Myanmar Metals has a large silver project (Bawdwin) in Myanmar (Burma). It has 300 million oz (90 gpt) and they own 51%. It's not a great place to mine, with a military dictatorship. That could keep investors away. This is why the FD market cap is only $7 more
07/05/2020
Analysis
Added: Vox Royalty Corp
Vox Royalty is a new royalty company. They have 37 royalty properties, although only 2 are producing. By 2025, they should have about 10 producing. They are good deal makers and plan to add more properties. Thus, they see themselves as a growth company.... more
07/04/2020
Analysis
Added: Boab Metals Ltd
Pacifico Minerals is advancing a lead-silver project (Sorby Hills) in Australia. It has about 40 million oz of low-grade silver. However, it also has high-grade lead offsets that should make it economic. In fact, the IRR is about 50%. The capexi is $75... more
07/04/2020
Analysis
Added: Rox Resources Ltd
Rox Resources is a gold and base metals exploration/developer in Australia. They have three gold properties and two base metals properties in Western Australia. They own 70% of the Youanmi property, which has 1.2 million oz, plus significant exploration... more
07/04/2020
Analysis
Added: Falcon Gold Corp
Falcon Gold is a project generator focused in Canada. They have four projects and two JVs in Ontario. They are all early exploration without a significant discovery. They appear to have a pretty good management team. It could be a stock to watch, but... more
07/03/2020
Analysis
Added: Summa Silver Corp
Summa Silver is a new company with a silver project (Hughes) in Nevada. They have 2500 acres on the Tonapah district that mined 175 million oz at very high grades. They don't own the entire district, but have the Belmont Mine, which mined 36 million oz.... more
07/03/2020
Analysis
Added: Silver Dollar Resources Inc
Silver Dollar Resources is a new company formed in 2020. They recently acquired a silver property (La Joya) from First Majestic Silver. This deal has not closed yet, whereby First Majestic will receive 20% of Silver Dollar. I'm not sure why their share... more
07/02/2020
Analysis
Updated: Strikepoint Gold Inc
Strikepoint Gold is a project explorer focused in Canada. They have 22 properties in the Yukon on 700,000 acres. All they had to pay was 10 million shares to IDM Mining. They also have two early exploration projects in Ontario, Canada. Lobstick (3,000... more
07/02/2020
Analysis
Updated: Aftermath Silver
Aftermath Silver has two silver projects in Chile. Their Challacollo project has 37 million oz at 180 gpt (historical resource). They owe about $3 million by the end of 2021 to get 80% ownership. It has a 5% NSR (3% to Mandalay Minerals and 2% to SSR... more
07/02/2020
Analysis
Added: Artemis Gold Inc
Artemis Gold is a new company formed by the Atlantic Gold management team after they were acquired by St Barbara. They recently acquired the huge Blackwater project from New Gold for $140 million, plus a 4% NRS. They are paying for the Blackwater by... more
07/01/2020
Analysis
Updated: DELETE - Xtierra Inc
Xtierra Inc. was a silver exploration/development company with two royalty properties in Mexico. They recently switched to becoming a royalty company. They have one silver and one gold royalty property. However, they are out of cash and seem to be in a... more
07/01/2020
General
June 2020 Newsletter Posted
June 2020 Newsletter Posted. more
07/01/2020
Analysis
Updated: Euro Sun Mining Inc
Euro Sun Mining (formerly Carpathian Gold) was a mid-tier producer in Brazil with a huge debt load. In 2015, they were able to make a deal to sell the project for the amount of debt ($177 million). Now they are debt free with a large gold/copper project... more
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