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News from September 2020

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2010

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09/30/2020
Analysis  
Added: Ridgestone Mining Inc
Ridgestone Mining is a project generator located in Mexico. Their only project is Rebeico, a near surface gold-copper deposit in which the mineralization appears in veinlets over an area of 125 meters by 175 meters. The first 3 holes of this year's...  more
09/29/2020
Analysis  
Updated: Northern Star Resources Ltd
Northern Star Resources is a new major. They have 3 large producing mines at 850,000 oz and FD market cap of $7 billion. They have 10 million oz of reserves, but 30 million oz of resources. The stock is pricey, but their all-in costs are about $1,000 to $  more
09/29/2020
Analysis  
Updated: Vast Resources Plc
Vast Resources was a small gold producer in Zimbabwe. However, they no longer mention this property on their website. They do not have a company presentation and I couldn't get a good feel for what they have and what they plan to do. I couldn't find any...  more
09/29/2020
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 16 early exploration projects in the Yukon, Colorado, Nevada, and Peru and 3 JVs with...  more
09/28/2020
Analysis  
Added: DELETE - FenixOro Gold Corp
FenixOro Gold Corp. is a project generator focused in Colombia. On May 2020 they acquired Fenix Gold, which has the right to earn up to 90% of the Abriaqui project, located in western Antioquia, 100 km northwest of Medellin. The project is just 15 km...  more
09/28/2020
Analysis  
Updated: Gold Terra Corp
Gold Terra Corp (previously TerraX Minerals) is a project generator with a large property in Canada (Northwest Territories). They are drilling three or four different discoveries on their large (200,000 acres) Yellowknife property. It has 450 historical...  more
09/28/2020
Analysis  
Added: Carnaby Resources Ltd
Carnaby Resources is a project generator operating in Australia. They have five gold exploration projects and one Cobalt project (in Norway). Their Tick Hill project is a historic mine which was closed in 1995 after producing for four years 500k ounces @...  more
09/28/2020
Analysis  
Updated: Lara Exploration Ltd
Lara Exploration is a project generator focused in South America. The only problem with this stock is that it is not precious metals focused. However, with a higher price of gold, I would expect this company to focus more on gold. Lara has shown the...  more
09/27/2020
Analysis  
Updated: RTG Mining Inc
RTG Mining is building a gold/copper mine (Mabilo) in the Philippines. I was surprised they received a mining permit because it is an open pit. Phase 1 has a low capex of $20 million to producer 40,000 oz annually with low costs using copper offsets....  more
09/27/2020
Analysis  
Updated: Metalla Royalty
Metalla Royalty & Streaming (formerly Excalibur Resources) is a new royalty company formed in 2016. They have grown aggressively and now have 51 royalty and streaming properties. Their share price is up about 2,000% since 2016. They have a very good...  more
09/27/2020
Analysis  
Added: Magmatic Resources Ltd
Magmatic Resources is project generator located in Australia. They have a large land package with four projects in a world class gold-copper province (East Lachlan), and two more in Western Australia. Their current focus is the Wellington North project...  more
09/26/2020
Analysis  
Updated: Agnico Eagle Mines Ltd
Agnico-Eagle Mines is a solid company with 22 million oz (2.5 gpt) of gold reserves and 60 million oz of gold resources. Growth will be steady, but nothing to get excited about. They could underperform in the major category because they are already...  more
09/26/2020
Analysis  
Updated: China Gold Intl. Resrcs Corp Ltd
China Gold International is mostly a copper stock, but they do have a lot of gold and silver. Their CSH open pit gold mine is producing 210,000 oz and has 8 million oz of resources, which makes for a long-life mine. This mine alone probably gives it a...  more
09/26/2020
Analysis  
Added: Bond Resources Inc
Bond Resources is a new project generator focused in Idaho, USA. They purchased the past producing Mary K. mine through a RTO this year for $10M, of which $8M are expected from future cash flow. The mine was shut down in 1942 and their plan is to develop...  more
09/26/2020
Analysis  
Added: Great Southern Mining Ltd
Great Southern Mining is a project generator focused in Australia. They are currently drilling on two projects in Western Australia - the Cox's Find and Mon Ami projects. In Cox's Find they are looking to find more high grade gold veins below the...  more
09/25/2020
Analysis  
Updated: Pan African Resources Plc
Pan African Resources is a mid-tier gold producer in South Africa. They have large resources at 30 million oz (3.5 gpt) and are producing 190,000 oz with all-in costs (free cash flow) around $1200 per oz. They don't have a good balance sheet with about $2  more
09/24/2020
Analysis  
Updated: Franco-Nevada Corp
Franco-Nevada is a royalty company and a very good one. They're revenue is growing at a fast rate. They have 53 producing projects with an expected free cash flow around $350 million in 2020. They have an excellent pipeline of 35 advanced stage projects...  more
09/24/2020
Analysis  
Updated: Gold Road Resources Ltd
Gold Road Resources is a new producer in Australia. They have 50% JV (Gruyere) with Gold Fields (the operator). They are receiving 125,000 oz of annual production. It is a large (6 million oz) long-life mine. I would expect production to increase. This...  more
09/24/2020
Analysis  
Updated: DELETE - Trevali Mining Corp
Trevali Mining is mostly a zinc producer, with about 85% of their revenue from zinc. They have producing mines in Peru (Santander), West Africa (Perkoa), and South Africa (Rosh Pinah). I'm including them in the database because they have substantial...  more
09/23/2020
Analysis  
Updated: Thunderstruck Resources Ltd
Thunderstruck Resources is a project generator focused in Fiji. They are exploring 4 deposits, most of which are base metals (copper and zinc). They have two high-grade zinc discoveries (Nakoro and Korokayiu) and two gold projects (Liwa Creek and Rama...  more
09/23/2020
Analysis  
Updated: Japan Gold Corp
Japan Gold (formerly Sky Ridge Resources) is a new exploration company focused in Japan. They have 30 gold properties on 150,000+ acres. All are early exploration, although they have at least 11 past-producing high-grade gold mines (before 1980). The FD...  more
09/22/2020
Analysis  
Added: DELETE: Idaho Champion Gold Mines
Idaho Champion Gold Mines is a project generator focused in Idaho, USA. Their flagship project is Baner, which was drilled back in 2018. Results were not so exciting with only short intervals of gold, mainly low grade (best intercept was 8m @ 6 g/t from...  more
09/22/2020
Analysis  
Updated: Golden Arrow Res Corp
Golden Arrow Resources had a large silver project (Chinchilla/Punta) in Argentina. This is yet again another cautionary tale for investing in project generators. Chinchilla is a 140 million oz deposit. They sold it for $44 million (cash and SSR Mining...  more
09/22/2020
Analysis  
Updated: Ariana Resources Plc
Ariana Resources is a gold producer in Turkey. They have a 50% ownership of the Red Rabbit project (Kiziltepe and Tavsan). Cash costs are projected to be about $650 per oz and the IRR is 38%. Production is about 12,000 oz per year (their share). Tavsan (t  more
09/22/2020
Analysis  
Updated: Ausgold Ltd
Ausgold Ltd is developing a gold project (Katanning) in Western Australia. It is a 500,000 acre property with a 9-mile strike. The resource is 1.2 million oz (1.1 gpt) and likely to grow in size. They have 50+ more targets to drill and they think there...  more
09/21/2020
Analysis  
Updated: New Pacific Metals Corp
New Pacific Metals is advancing a large silver project (Silver Sand) in Bolivia. In 2017, they paid $45 million to acquire Silver Sand. Amazingly, they got extremely lucky. Their FD market cap has exploded to $693 million based on exploration success at...  more
09/21/2020
Analysis  
Updated: New Pacific Metals Corp
New Pacific Metals is advancing a large silver project (Silver Sand) in Bolivia. In 2017, they paid $45 million to acquire Silver Sand. Amazingly, they got extremely lucky. Their FD market cap has exploded to $739 million based on exploration success at...  more
09/21/2020
Analysis  
Updated: G2 Goldfields Inc
G2 Goldfields (previously Sandy Lake Gold) is a project generator focused in Canada and Guyana. They have six early exploration projects. Sandy Lake in Ontario is a large property (90,000 acres) in a good location. They claim it is the only place near...  more
09/21/2020
Analysis  
Updated: G2 Goldfields Inc
G2 Goldfields (previously Sandy Lake Gold) is a project generator focused in Canada and Guyana. They have six early exploration projects. Sandy Lake in Ontario is a large property (90,000 acres) in a good location. They claim it is the only place near...  more
09/20/2020
Analysis  
Updated: Slam Exploration Ltd
Slam Exploration is a project generator focused in Canada. All of their projects are early exploration without a significant discovery. Although, they did have a discovery hole (3.6 meters at 350 gpt silver) at their new Lewis Brook project (1200 acres)...  more
09/20/2020
Analysis  
Updated: Genesis Minerals Ltd
Genesis Minerals is trying to become a gold producer in Australia. They have two projects that are next to each other. Ulysses (800,000 oz at 4 gpt) is an underground mine, and Kookynie (400,000 oz at 1 gpt) is an open pit mine. They plan to complete a...  more
09/20/2020
Analysis  
Updated: West Wits Mining
West Wits Mining is developing a gold project South Africa. They own 66% of a 3.5 million oz underground resource (WBP), although it is low grade (3.4 gpt). They do not have any debt, but do have very high share dilution and $1M in convertible notes....  more
09/19/2020
Analysis  
Added: DELETE - Gold Lion Resources
Gold Lion Resources is a new project generator focused in Idaho and British Columbia. They have 5 early exploration properties. Currently, they do not appear to have a discovery and are low in cash. Thus, this is a lottery pick. In Idaho, they have South...  more
09/19/2020
Analysis  
Updated: Nexus Minerals Ltd
Nexus Minerals is advancing a small open pit gold project (Pinnacles) in Australia, which they own 90%. They completed a PEA but did not announce the results, which is a red flag. The resource is only 82,000 oz, but the capex should be very low because...  more
09/18/2020
Analysis  
Added: Manuka Resources Ltd
Manuka Resources is a new small producer focused in Australia. They started production in April in their Mt Boppy mine and are looking to produce 32k ounces this year in order to pay $16M in debt. The problem is they only have 44k ounces of gold in...  more
09/18/2020
Analysis  
Added: Rover Metals Corp
Rover Metals is a project generator focused in Canada. They have two early exploration projects in the Northwest Territory. They are currently drilling Cabin Lake (3,500 acres). Historical drilling has found about 50,000 oz (5+ gpt) with only about 7,500...  more
09/18/2020
Analysis  
Added: Norsemont Mining Inc
Norsemont Mining is a new company that acquired a past producing gold mine (Choquelimpie) in Chile. The only thing information they provide on their website is the size of the property (13,000 acres) and that it was producing 3,000 tpd. That is not very...  more
09/17/2020
General  
New Podcast with Jordan-Roy Byrne
https://youtu.be/bliypXTme0o  more
09/17/2020
Analysis  
Added: Conquest Resources Ltd
Conquest Resources is a project generator focused in Ontario, Canada. They have 3 early stage projects, of which the most significant is the past producing Golden Rose (770 Ha) which is located 65 kilometres northeast of Sudbury, Ontario. They are...  more
09/17/2020
Analysis  
Added: Stroud Resources Ltd
Stroud Resources has a silver project in Mexico (Santo Domingo). It is a 38 million resource (120 gpt) including gold. There has not been any work in three years when silver prices were low. They are still low on cash. I think they are an exploration...  more
09/17/2020
Analysis  
Added: Blue Lagoon Resources Inc
Blue Lagoon Resources is a near-term producer in Canada. Their Dome Mountain property in British Columbia has a small high-grade gold mine. It is permitted at 75,000 tpa (tons per annual). That is only about 20,000 oz per year. The resources is only...  more
09/17/2020
General  
Interview on MiningStockEducation.com
https://www.miningstockeducation.com/2020/09/expect-a-hard-gold-price-correction-before-year-end-says-don-durrett/  more
09/16/2020
Analysis  
Added: LCL Resources
Los Cerros Ltd is an Australian mining company advancing a gold project (Quinchia) in Colombia). It is an 800,000 oz open pit (1gpt), but drill results imply it will be larger and perhaps double that size. The project has a feasibility study and is...  more
09/16/2020
Analysis  
Added: LCL Resources
Los Cerros Ltd is an Australian mining company advancing a gold project (Quinchia) in Colombia. It is an 800,000 oz open pit (1 gpt), but drill results imply it will be larger and perhaps double that size. The project has a feasibility study (previous...  more
09/16/2020
Analysis  
Added: Nubian Resources Ltd
Nubian Resources is a project generator focused in Australia and Peru. They recently acquired Fosterville East (20,000 acres), which is 6 miles east of the Fosterville mine. This property induced Eric Sprott to invest $3 million. It is early exploration....  more
09/15/2020
Analysis  
Updated: Silver Elephant Mining
Silver Elephant Mining (previously Prophecy Development) is a project generator focused in Boliva. They have a high-grade silver project called Pulacayo (8,000 acres). The good news is that it is a large project, the bad news is that it is in Bolivia....  more
09/15/2020
Analysis  
Added: New Found Gold Corp
New Found Gold is a new project generator (formed in 2020) focused in Newfoundland. They have a large property called Queensway (about 250,000 acres) with a lot of historic drill holes. I would consider it a discovery (19 meters at 92 gpt), plus many...  more
09/15/2020
Analysis  
Added: Sun Peak Metals Corp
Sun Peak Metals is a project generator focused in Ethiopia. They have more than 1 million acres on 4 properties. Two of them (Meli and Terer) are 70% options. The other two (Adi Dairo and Nefasit) are owned 100%. All of their properties are early...  more
09/15/2020
Analysis  
Added: Capitan Silver
Capitan Mining is a new (2020) project generator that was a spinout from Riverside Resources. They have one project (Penoles) on 5,500 acres in Mexico. It is a potential open-pit mine with 500,000 ounces (including silver). It is low grade (.5 gpt),...  more
09/14/2020
Analysis  
Updated: Bunker Hill Mining Corp
Bunker Hill Mining (previously Liberty Silver) began trading in 2017. They initially purchased the Bunker Hill silver/zinc mine in Idaho for $30 million, but recently amended it to just $11 million which they need to pay by August 2020 (now paid). They...  more
09/14/2020
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 1.6 million oz (2 gpt) with a completed feasibility study. The capex is about $80 million (their share) to...  more
09/14/2020
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 1.6 million oz (2 gpt) with a completed feasibility study. The capex is about $80 million (their share) to...  more
09/13/2020
Analysis  
Updated: Chesapeake Gold Corp
Chesapeake Gold is a project generator with a huge project in Mexico. Metates has 18 million oz. of gold (.6 gpt), 500 million oz. of silver (15 gpt), and 4 billion lbs. of zinc. With gold production potentially reaching 600,000 oz. per year, this could...  more
09/12/2020
Analysis  
Updated: Lion One Metals Ltd
Lion One Metals has an advanced high-grade project in Fiji called Tuvatu (50,000 acres). It is an 800,000 oz. (7 gpt) open-pit deposit that is fully permitted. The capex is $48 million (from the 2015 PEA) with an after-tax IRR over 50% at $1,300 gold....  more
09/12/2020
Analysis  
Updated: Freegold Ventures Ltd
Freegold Ventures has a large gold project in Alaska. The Golden Summit project (3 million oz at .7 gpt) is in a good location, only 20 miles from Fairbanks and 5 miles from a large Kinross surface mine. It is growing in size after a monster hole of 257...  more
09/11/2020
Analysis  
Updated: Silver Tiger Metals
Silver Tiger Metals (formerly Oceanus Resources) is a project generator with a large low-grade silver/gold project in Mexico. The El Tigre silver project (70,000 acres) has 44 million oz at 75 gpt (including gold) / or 1 million oz of gold equivalent at .  more
09/11/2020
Analysis  
Updated: Galiano Gold Inc
Galiano Gold (previously Asanko Gold) is a mid-tier producer in West Africa (Ghana). Their AGM (Asanko Gold Mine) project is a 50% JV with Goldfields. Galiano is the operator. AGM has 3.5 million oz (their share) and 9 drill targets on 250,000 acres....  more
09/10/2020
Analysis  
Updated: Alkane Resources Ltd
Alkane Resources is small Australian gold producer at about 50,000 oz per year. However, they have a $534 million FD market cap. Why? A huge discovery in 2019 at Boda, which had a drill hole of 1150 meters at .45 gpt (including 500 meters at 1 gpt), plus...  more
09/10/2020
Analysis  
Updated: Vault Minerals
Red 5 Ltd is a mid-tier producer in Australia. At Darlot (1.2 million oz), they plan to produce 65,000 oz in 2021, and at King of the Hills (KOTH) about 35,000 oz. Their all-in costs (free cash flow) are currently around $1600 per oz. That will drop...  more
09/09/2020
Analysis  
Updated: DELETE - Encounter Resources Ltd
Encounter Resources is a project generator focused in Western Australia. They have very large land holdings, including 2 JVs (Tanami and West Aruna)with Newcrest over more than 1 million acres. Newcrest has an option to obtain 80% of any project they are...  more
09/09/2020
Analysis  
Updated: DELETED - Navarre Minerals Ltd
Navarre Minerals is a project generator in Australia. They have several early exploration gold projects (Tandarra, Irvine, St Arnaud, Jubilee). They are drilling Irvine, which has a 5-mile strike target. The property is on a 30-mile trend with several...  more
09/08/2020
Analysis  
Updated: Aftermath Silver
Aftermath Silver is a developer with two projects in Chile (Challacollo, Cachinal) and one in Peru (Berenguela). It’s an exciting company that is undervalued. The downside is that it is a long-term investment. They won’t be producing for at least 5...  more
09/07/2020
Analysis  
Updated: Catalyst Metals Ltd
Catalyst Metals is a project generator focused in Australia. They have an exciting gold discovery (Four Eagles) with drill holes of 27 meters at 22 gpt, 22 meters at 31 gpt, 20 meters at 21 gpt. Their FD market cap has exploded to $168 million. Investors...  more
09/06/2020
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 are producing about 500,00 oz per year, although the...  more
09/05/2020
Analysis  
Updated: Alien Metals Limited
Alien Metals (formerly Arian Silver) is a project generator focused in Mexico and Australia. They lost their 117 million oz San Jose project in 2015 due to debt issues. This leaves them with three exploration projects: Los Campos, Donovan and San Celso...  more
09/05/2020
Analysis  
Updated: Canstar Resources Inc
Canstar Resources is a project generator focusing on base metals projects in Newfoundland, although they have been finding gold and silver. They have 56% ownership in a JV with Glencore on a significant property called Mary March (10,000 acres). It is...  more
09/05/2020
Analysis  
Updated: Banyan Gold Corp
Banyan Gold has 2 discoveries in the Yukon. Their main focus is The Aurex and McQuesten (Aurmac) gold properties which are contiguous, comprising of 22,000 acres, and include areas of historic gold production (lode and placer), in the prolific Mayo...  more
09/04/2020
Analysis  
Updated: Velocity Minerals Ltd
Velocity Minerals is a Canadian developer focused on Bulgaria. Investors were ignoring their potential, giving them a $9 million FD market cap valuation in 2018. Today it has jumped to $53 million. They completed a pre-feasibility for Rozino in 2020. It...  more
09/04/2020
Analysis  
Updated: DELETE - Winston Gold Corp
Winston Gold Mining is advancing their Winston project to production in Montana. They do not have a PEA or resource estimate, so the risk is extremely high. They have 630 drill holes and think they can advance it to production with only $1.5 million. It...  more
09/02/2020
Interview  
Interview on Mining Stock Daily
https://www.podbean.com/ew/dir-p2vfh-a5cfb88  more
09/02/2020
Analysis  
Updated: Canagold Resources
Canarc Resources has an advanced project in Canada (northern British Columbia) that looks promising. Their New Polaris project is a high-grade 1 million oz (10 gpt) resource. They have a PEA for 80,000 oz of production for 9 years with low cash costs...  more
09/01/2020
Analysis  
Updated: Metals Creek Resources Corp
Metals Creek Resources is small exploration company. Their Ogden gold project in Ontario is still early exploration, but drill results have been very good (12 meters at 210 gpt, 75 meters at 2.2 gpt, 21 meters at 6 gpt). It's too early to tell if they...  more
09/01/2020
Analysis  
Updated: Red Rock Resources Plc
Red Rock Resources is a mining, oil and gas, exploration and development company. They have several projects, but only a $10 million FD market cap. Clearly, management has not achieved their objectives. They have projects all over the world. They own...  more
09/01/2020
General  
August 2020 Newsletter Posted
August 2020 Newsletter Posted.  more


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