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10/31/2020
Analysis
Updated: Commander Resources Ltd
Commander Resources is a project generator focused in Canada. They have about 9 early exploration gold projects, plus several base metals projects. Their projects are all over Canada from the Yukon to Newfoundland. Most recently they sold half of their... more
10/31/2020
Analysis
Updated: Great Atlantic Resources Corp
Great Atlantic Resources is a project generator focused in Canada. They have projects in Newfoundland and New Brunswick. All of them are early exploration and potential discoveries based on soil samples and some drilling. Currently they do not have... more
10/30/2020
Analysis
Updated: Turaco Gold Ltd
Manas Resources is an Australian gold exploration company. They recently sold a project and are cashed up (about $4 million in the bank). They are now exploring 3 large properties in Cote d'Ivorie.
Mbenge (100,000 acres), Eburnea (80,000 acres), and... more
10/29/2020
Analysis
Updated: Kirkland Lake Discoveries Corp
Warrior Gold is a project generator focused in Canada. They have one property (Goodfish-Kirana) on 9,000 acres. It's in a good location (next to Kirkland Lake's Macassa mine in Ontario) with 18 historical open pits, plus some underground workings. They... more
10/29/2020
Analysis
Updated: New Gold Inc
New Gold is a mid-tier producer that has been struggling. They were producing 550,000 oz (gold equivalent) in 2017 and everything looked good. Today their production is down to 425,000 oz. Their costs exploded in 2019 and they lost money. The big jump in... more
10/28/2020
Analysis
Updated: Saturn Metals Ltd
Saturn Metals is a project generator focused in Australia. They have a large property (Apollo Hill) with 250,000 acres. They recently released an updated resource at 780,000 oz (1 gpt). Plus, they are cashed up (about $10 million) and are drilling to... more
10/27/2020
Analysis
Updated: Aben Minerals Ltd
Aben Resources is a project generator in Canada. The CEO has had success before, selling his last two companies. They have four gold projects and all are early exploration. In 2016, they obtained the Forrest Kerr (23,000 acres) property in the golden... more
10/26/2020
Analysis
Updated: Kore Mining
Kore Mining (formerly Eureka Resources) is trying to develop 3 open pit projects, with a combined 5 million oz (.6 gpt). The CEO is a CPA and has never built a mine, and they mention they would be a good target for a mid-tier producer. That’s an odd... more
10/26/2020
Analysis
Updated: Ora Banda Mining Ltd
Ora Banda Mining is a near-term producer in Australia. They were a producer in 2018, but ran into financial issues. They renamed the company and recapitalized their debt, which was eliminated. They currently have no debt and no streaming deals. Their... more
10/25/2020
Analysis
Updated: DELETE - Crater Gold Mining Ltd
Crater Gold Mining is trying to become a small producer in Papua New Guinea. Their Crater Mountain project (45,000 acres) has substantial potential in a good location. They planned to begin mining their HGZ (High-Grade Zone) deposit in 2017, but it didn't more
10/25/2020
Analysis
Updated: Black Dragon Gold Corp
Black Dragon Gold (formerly Astur Resources) is a case study on the high risk of gold mining stocks. They had an economic project (Salave in Spain) and then their environmental mining permit was denied. The stock crashed from 47 cents to 1 cent. Now it... more
10/25/2020
Analysis
Updated: Pacific Ridge Exploration Ltd
Pacific Ridge Exploration is a project generator that has been in business for 45 years. They have 6 early exploration gold projects, 3 in Yukon and 3 in British Columbia. Their main focus are the Kliyul and Redton copper-gold projects that adjoins... more
10/24/2020
Analysis
Updated: SSR Mining Inc
SSR Mining (previously Silver Standard Resources) has become mostly a gold mining company (80% of revenue). They purchased the Marigold mine in 2013 from Barrick Gold in Nevada. This was a good deal. It will give them 200,000 oz of gold production for 15... more
10/24/2020
Analysis
Updated: Tristar Gold Inc
TriStar Gold has a large open pit project (CDS) in Brazil. It is on 70,000 acres and they think it has a 10-mile trend of mineralization. CDS is up to 2 million oz (1 gpt). It is mostly inferred, but is still early drilling. The recently sold the NSR to... more
10/23/2020
Analysis
Updated: Contango Ore Inc
Contango Ore is a project generator focused in Alaska. They have a 30% interest in the Peak Gold project which they discovered. Kinross is advancing it to production in 2024. The capex is $110 million and Contango has $35 million in the bank to pay their... more
10/23/2020
Analysis
Updated: DELETE - Apex Resources Inc
Apex Resources has six early stage exploration properties in the Yukon and British Columbia. Their main focus is the Ore Hill gold project, in which drill results should be released any day now. Given that they are drilling a gold in soil anomaly where... more
10/23/2020
Analysis
Updated: DELETE - Patriot Gold Corp
Patriot Gold is a small project generator focused in Nevada. They have a 3% NSR for an open pit project (Moss) in Nevada. It is a 700,000 oz resource with cash costs at $500 per oz. Thus, it is should be economic. The Moss mine began production in 2018... more
10/23/2020
Analysis
Updated: Seasif Exploration Inc
Western Atlas Resources is a project generator focused in Canada. They have a large property (Meadow Bank) in Nunavut that is early exploration. It appears that Meadow Bank (150,000 acres) had very little drilling. Meadow Bank is near an operating gold... more
10/22/2020
Analysis
Updated: VR Resources Ltd
VR Resources is a project generator focused in Canada and Nevada. They are drilling a copper/gold project in Canada (Ranoke) and in Nevada (Big Ten). They also have five early exploration gold projects in Nevada. They are drilling Bonita (8,000 acres).... more
10/22/2020
Analysis
Updated: Noble Mineral Exploration Inc
Noble Mineral Exploration is a project generator focused in Canada. They have one project in Ontario. Project 81 (175,000 acres) is a potential nickel, gold discovery. They have 9 drill-ready targets and a total of 500+ targets to explore. It could be an... more
10/21/2020
Analysis
Updated: Amaroq Minerals Ltd
AEX Gold is an exploration company focused in Greenland. Nalunaq (5,000 acres) is a potential mine with 250,000 oz at 18 gpt. It was a past producing mine from 2004 to 2009, producing 350,000 oz. They think exploration will increase the deposit to 1.2... more
10/21/2020
Analysis
Updated: Caledonia Mining Corp. Plc
Caledonia Mining is a small producer in Zimbabwe (South Africa). Production is 50,000 oz (their share). All-in costs (free cash flow) are about $1000 per oz. They have cash flow, $11 million in cash, and only $1 million in debt. Plus, they have 18... more
10/20/2020
Analysis
Updated: Palamina Corp
Palamina Corp is a new project generator. They are focusing on Peru, with 4 early exploration projects (150,000 acres). They are drilling Coasa (45,000 acres), which is a gold discovery. They are trying to option two of their properties (Bendi and Lagos). more
10/20/2020
Analysis
Updated: Emx Royalty Corp
EMX Royalty Corp (formerly Eurasian Minerals) is a global project generator with 50+ projects (many are available for option) in about 10 countries. With an FD market cap of $245 million and low cash flow, the upside is somewhat constrained without any... more
10/19/2020
Analysis
Updated: Romios Gold Resources Inc
Romios Gold has a large property (180,000 acres) in the Golden Triangle near Novagold's large Galore Creek copper project. They are drilling two projects (Newmont Lake and Trek) and have had some success. They have discovered copper, gold, and silver. It... more
10/18/2020
Analysis
Updated: Vior Inc
Vior Inc (Societe D Exploration Mineire Vior) is a project generator in Quebec, Canada. This is a high risk speculation explorer, but they are in a good location. One of their projects (Vezza) is a high grade discovery with 300,000 oz at 6 gpt. They have... more
10/18/2020
Analysis
Updated: Greatland Gold Plc
Greatland Gold is a London based stock with 6 exploration properties in Australia and Tasmania. One of those properties (Havieron) is a 25% JV with Newcrest Mining, who has to spend $65 million over 6 years to get the option. Drill results at Havieron... more
10/18/2020
Analysis
Updated: Goldflare Exploration Inc
Typhoon Exploration is a gold exploration company that began in 2003. They have 4 properties in Southern Quebec in the Abitibi gold belt, All are early exploration. Fayolle is a 5000 acres gold discovery with 200,000 oz at 1.5 gpt, while Their other... more
10/17/2020
Analysis
Added: Krakatoa Resources Ltd
Krakatoa Resources is a project generator located in Australia. They are exploring agrressively 4 different projects, 3 of them gold/copper related and one Rare earth project. Their main focus is the Rand gold project which was recently acquired and... more
10/16/2020
Analysis
Added: BTU Metals
BTU Metals Corp. is a project generator focused in Canada. Their flagship project is Dixie Halo in the Red Lake area which shares 35km of boundaries with Great Bear Resources's discovery (the Dixie project). They defined three targets on the property:... more
10/16/2020
Analysis
Updated: DELETE - Shanta Gold Ltd
Shanta Gold is a mid-tier producer in Tanzania. Their open pit Luikda mine is a 1.2 million oz resource at 4 gpt. 2020 production is about 80,000 oz at around $1000 all-in costs (free cash flow). Thus, they are profitable at low gold prices. Free cash... more
10/16/2020
Analysis
Added: DELETE - QCX Gold Corp
QCX Gold Corp. is a new project generator focused in Canada. They have two projects in Quebec, the most significant of them is Golden Giant, Located 2.9 km away from Azimut Exploration’s discovery (The Elmer gold project). Their interpretation is that... more
10/15/2020
Analysis
Updated: Tudor Gold Corp
Tudor Gold has several large properties (90,000 acres) in the golden triangle in British Columbia. Currently, their focus is on Treaty Creek (45,000 acres). Early drill results in 2019 increased their FD market cap to $77 million. Then in 2020, it jumped... more
10/15/2020
Analysis
Added: Silver Sands Resources Corp
Silver Sands Resource Corp. is a new project generator. its Flagship project is the Virginia high grade silver project in Santa Cruz, Argentina. The deposit consists of multiple high grade veins with similar charachteristics to those held by silvercrest, more
10/15/2020
Analysis
Updated: Gunpoint Exploration Ltd
Gunpoint Exploration is a project generator with an advanced project in Nevada (Talapoosa). It is a 1.2 million oz (1 gpt) open pit project with 15 million oz of silver (15 gpt). They also have an exciting project (El Escorpion) in Guatemala next to... more
10/14/2020
Analysis
Updated: First Majestic Silver Corp
First Majestic Silver is a large silver producer in Mexico. Until recently they were a very strong company with a clean balance sheet and low costs. Now they have $138 million in debt and lost money last quarter, although they do have $95 million in cash. more
10/13/2020
Analysis
Updated: Aris Mining Corp
Gran Colombia Gold has turned things around. They had serious debt issues and their stock price crashed. However, they expanded production and lowered their cash costs. Now they have their balance sheet under control. They have $90 million in cash and $60 more
10/13/2020
Interview
Don Video Interview: Soar Financial - SF Live
https://youtu.be/NfSjN_2YJGE more
10/13/2020
Analysis
Updated: Osisko Gold Royalties Ltd
Osisko Gold Royalties is focused mostly on gold royalties. They have about 17 producing royalties at about 90,000 oz per year (gold equivalent oz). They are growing and expect to reach 180,000 oz by 2023. They have very lost costs, with 90% margins. Plus, more
10/13/2020
Analysis
Updated: Fury Gold Mines Ltd
Fury Gold Mines was created in 2020 from the merger between Auryn Resources and Eastmain Resources. The combination creates the potential to develop three products that have over 3 million oz (6 gpt), plus exploration opportunity.
The red flag is... more
10/12/2020
Interview
Don Video Interview: Jake Ducey Podcast
https://youtu.be/D2zy99GD7Zs more
10/12/2020
Analysis
Updated: Excellon Resources Inc
Excellon Resources is a small silver producer in Mexico. Their La Platosa property (50,000 acres) is producing 1 million oz (600 gpt). That is the highest grade silver mine in Mexico. However, all-in costs are around $18 per oz, which is high.
In... more
10/11/2020
Analysis
Updated: Thunder Mountain Gold Inc
Thunder Mountain Gold is small project generator focused in the U.S. They recently sold their South Mountain project (1200 acres). This will give them about $1 million, plus shares in the company who acquired the project. The operator of the project (BeM more
10/11/2020
Analysis
Added: DELETE - Titan Mining Corp
Titan Mining is a zinc producer in New York and gold developer in Nevada. They have 7 million tons of high-grade zinc (13%) and are producing about 4 million lbs a year. However, currently zinc prices are low and they are losing money. Plus, they have $1 more
10/11/2020
Analysis
Added: DELETE - Norden Crown Metals Corp
Boreal Metals is a project generator focused in Sweden. They have one property (Gumsberg) on 40,000 acres. It is early exploration and they are drilling 4 targets. They do not have a discovery yet, although they have had a few good holes (10 meters at... more
10/10/2020
Analysis
Added: Inflection Resources Ltd
Inflection Resources is a project generator focused in Australia. They have a huge property (1.2 million acres) in New South Wales. They are calling it Northern NSW. It is in a large mining district with 20 other mining companies. That is always a good... more
10/10/2020
Analysis
Added: Ridgeline Minerals Corp
Ridgeline Minerals is a new project generator focused in Nevada. They have 3 early exploration projects: Carlin-East (9,000 acres), Selena (6,000 acres), and Swift (12,500 acres). They are drilling all of them, but do not have a discovery yet. There is... more
10/09/2020
Analysis
Added: Kuya Silver Corp
Kuya Silver is a new silver developer in Peru. They recently acquired the Bethania property and mine (4,200 acres). It has been in private hands and operating off and on for 40 years. Recently it was producing 400,000 oz per year. It does not have a... more
10/09/2020
Analysis
Added: Kuya Silver Corp
Kuya Silver is a new silver developer in Peru. They recently acquired the Bethania property and mine (4,200 acres). It has been in private hands an operating off and on for 40 years. Recently it was producing 400,000 oz per year. It does not have a... more
10/09/2020
Analysis
Added: District Metals Corp
District Metals is a project generator focused in Sweden. They have one property (Tomtebo) on 12,500 acres. It is a past-producing property with historical drilling. It was mostly a copper mine, but has silver, gold, lead, and zinc. They have a couple of... more
10/08/2020
Analysis
Added: Laurion Mineral Exploration Inc
Laurion Mineral Exploration is a project generator focused in Canada. They have a single project (Ishkoday) in Ontario. It is a past producing high-grade mine (17 gpt) from the 1940s. It was only mined to 650 meters and they are considering it a surface... more
10/08/2020
Analysis
Added: Eros Resources Corp
Eros Resources is developing a small gold mine in Nevada. Bell Mountain (3,200 acres) has 90,000 oz at .6 gpt. So, it is low grade. The capex is $17 million to produce about 50,000 oz (10,000 oz per year). The after-tax IRR isn't terrible at 24% at $1300... more
10/07/2020
Analysis
Added: Kesselrun Resources Ltd
Kesselrun Resources is a project generator focused in Canada. They have two projects in Ontario. Huronian (11,500 acres) appears to be a high-grade mine in the making. It has a 500,000 oz (14 gpt) historical resource and they recently had an excellent... more
10/07/2020
Analysis
Added: Starr Peak Mining
Starr Peak Exploration is a project generator focused in Canada. They have three early exploration projects. New Metal (5,500 acres) is located next to a large discovery by Amex Exploration. The potential of New Metal is the reason for their valuation.... more
10/07/2020
Analysis
Added: Carolina Rush Corp
Pacon Resources is a project generator with a project in South Carolina. Their Brewer-Jefferson property (2,500 acres) is a past-producing mine in 1995. Thus, it is significantly de-risked from an environmental standpoint. It does not appear to have a... more
10/06/2020
Analysis
Updated: Patagonia Gold Plc
Patagonia Gold (formerly Hunt Mining) is a small producer in Argentina. They will produce about 40,000 oz at Lomada in 2021, where they have 1.2 million oz (including silver). They have about 3 million oz of gold resources (AUEQ including silver), so... more
10/06/2020
Analysis
Updated: DELETE - Guyana Goldstrike Inc
Guyana Goldstrike is a project generator with a gold property in Guyana. Marudi (12,000 acres) has a 450,000 oz (2.5 gpt) deposit, and they are targeting 1 to 2 million oz. They do not have an updated company presentation and they appear to find only... more
10/05/2020
Analysis
Updated: Amani Gold Ltd
Amani Gold (previously Burey Gold) has a 65% ownership in a large open pit project in Central Africa. Giro is in the DRC on 125,000 acres.
They have been drilling since 2014 with good results. The project consists of two deposits, one is Kebigada (124 more
10/05/2020
Analysis
Updated: Aurion Resources Ltd
Aurion Resources has a large high-grade gold discovery (Risti-Aamuruska) in Finland. Drilling has just begun, but they have 3400 samples averaging 10 gpt. This property is on 35,000 acres, but they have 500,000 acres in Northern Finland. They are... more
10/05/2020
Analysis
Updated: Novagold Resources Inc
NovaGold Resources has a huge advanced gold project in Alaska. Donlin is a 45 million oz resource at 2.2 gpt, which is one of the highest grade large open pit mines in the world. They are projecting cash costs of $600 per oz. However, mining will not... more
10/04/2020
Analysis
Updated: DELETE - Meteoric Resources N.L.
Meteoric Resources is an Australian project generator focused on two properties in Brazil (150,000 acres). In 2019, they acquired the Juruena property that has significant potential. It already is a 250,000 oz (6 gpt) deposit, and appears to be growing... more
10/04/2020
Analysis
Updated: Midland Exploration Inc
Midland Exploration is a project generator with 41 properties and 21 projects on 600,000 acres in Quebec and Ontario. They have 6 JVs (gold projects), including deals with Agnico Eagle, Osisko, IAMGold, Teck and Soquem. However, none of them are advanced... more
10/03/2020
Analysis
Updated: Emmerson Resources Ltd
Emmerson Resources is a successful project generator in Australia. They have several properties on 800,000 acres and are an aggressive explorer. They have cash flow from a 12% NSR (Edna Beryl), although it is currently a small mine (250,000 oz). They... more
10/03/2020
Analysis
Updated: DELETE - Auxico Resources
Auxico Resources has a hybrid model. They are planning to produce base metals (Coltan) and do toll milling in Colombia. They are also exploring for gold and silver in Mexico. It's a strange combination for a company that is just starting out. They are... more
10/03/2020
Analysis
Updated: Northisle Copper & Gold Inc
Northisle Copper and Gold has a large copper/gold project (Hushamu) in Canada. The location is excellent, near an existing mine in British Columbia. Investors do not like it, giving it an FD market cap of only $11 million. If you like copper, this could... more
10/03/2020
Analysis
Updated: Vizsla Silver Corp
Vizsla Resources is a new company formed in 2019. They purchased a large property (Panuco) in Mexico for $43 million in cash and shares. Currently, they owe $23 million that must be paid over 6 years. But only $750,000 is due in 2021 and $2.3 million in... more
10/03/2020
Analysis
Updated: DELETE - Guyana Goldstrike Inc
Guyana Goldstrike is a project generator with a gold property in Guyana. Marudi (12,000 acres) has a 450,000 oz (2.5 gpt) deposit, and they are targeting 1 to 2 million oz. They do not have an updated company presentation and they appear to find only... more
10/02/2020
Analysis
Updated: DELETE - Golden Dawn Minerals Inc
Golden Dawn Minerals is a new company trying to bring past producing gold mines back in production. Lexington, Golden Crown, and May Mac, along with more than a dozen others in British Columbia. Historical production on the Greenwood property (30,000... more
10/02/2020
Analysis
Updated: Capella Minerals Ltd
New Dimension Resources is a project generator focused in Argentina, Scandinavia and Canada. They have eight early exploration properties. Las Calandrias (6,000 acres), Los Cisnes (7,500 acres), and Sierra Blanca (10,000 acres) are in Argentina. Savant... more
10/01/2020
Analysis
Added: DELETE - MGX Minerals Inc
MGX Minerals is a project generator focused in British Columbia, Canada. They have a long history in the rare earth (REE) space, but recently they shifted to gold by the purchase of the Heino project. They are currently exploring the historical... more
10/01/2020
Analysis
Updated: Golconda Gold
Galane Gold is a small gold producer in South Africa and Botswana. They will produce around 60,000 oz in 2021, and it could be higher. All-in costs are around $1300 per oz. They have a small open pit (Mupane) in Botswana, which only produces around 25,000 more
10/01/2020
Analysis
Updated: Tribune Resources Ltd
Tribune Resources appears to be a project generator. They have a 37% JV called East Kundana (EKJV) that is in production. Production is around 80,000 oz annually with 1 million oz resources (their share). Their free cash flow will be around $50 million... more
10/01/2020
General
September 2020 Newsletter Posted
September 2020 Newsletter Posted. more
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