News from April 2021

04/30/2021

Analysis

Updated: Matsa Resources

Matsa Resources is a new small gold producer in Australia. They only have 660,000 oz (2.6 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

04/30/2021

Analysis

Updated: Mistango River Resources Inc

Mistango River is a project generator focused in Canada. They have 3 projects in Ontario. They optioned 75% of their Omega and Kirkland West projects to Kirkland lake (which invested in them as well). The Omega mine is a past-producing high-grade mine... more

04/30/2021

Analysis

Updated: Red Pine Exploration Inc

Red Pine is a project generator focused in Canada. Their Wawa project in Ontario has about 700,000 oz (5 gpt). They are drilling and it looks like a mine. They have two underground projects at Wawa. Surluga has 600,000 oz and Minto has 100,000 oz.... more

04/30/2021

Analysis

Updated: DELETE - Goldplat Plc

Goldplat PLC does gold recovery in South Africa and Ghana. The recovery is mostly done on old milling equipment, but they also do some toll milling from tailings and artisan mining. This business gives them cash flow to develop their gold projects. Their... more

04/30/2021

Analysis

Updated: Compass Gold Corp

Compass Gold is a project generator focused in West Africa (Mali). They have two large properties (Yanofolila North and South), with several targets on 250,000 acres (Faraba‐Koura, Ouassada, Kalé, Sankarani, Kourou, Lontola, Badogo, Kapélégué, Tié more

04/29/2021

Analysis

Updated: Auris Minerals Ltd

Auris Minerals is a gold (and copper) exploration company in Australia. They had a large project (Grosvenor) and recently sold it for 18 million shares of Metals X (currently worth about $10 million). Those shares could rise 5x in the future if they hold... more

04/29/2021

Analysis

Updated: S2 Resources Ltd

S2 Resources is a project generator based in Australia. They have several early exploration projects, but no discoveries. Their focus appears to be for precious metals. They have four properties in Western Australia and are drilling Jillewarra. Skellefte... more

04/28/2021

Analysis

Updated: Royal Gold Inc

Royal Gold is a royalty company based in the US. They have 43 producing properties and 15 under development, plus another 100+ in early or advanced stage exploration. They are growing production and are a growth company (around 10% annual growth). They... more

04/27/2021

Analysis

Updated: DELETE - Ireland Inc

Ireland Inc. has a potential large open pit gold mine in Nevada. Their Columbus property (45,000 acres) has an estimate of 175 million tons at 1 gpt based on 30 drill holes. That equates to 5 million oz, which seems optimistic to me. The 1 gpt recovery... more

04/27/2021

Analysis

Updated: Galleon Gold Corp

Galleon Gold (formerly Pure Nickel) acquired Explor Resources in 2019. Explor had several properties, including TPW (now called the West Cache project). This project (in Quebec) is both an open pit (300,000 oz at 1.5 gpt) and underground (800,000 oz at 2. more

04/27/2021

Analysis

Updated: Abcourt Mines Inc

Abcourt Mines is a bit of an anomaly. I analyze a lot of stocks, and for some reason this company doesn't spend much on their website or marketing their company to investors. This is odd because management owns 40% of the shares. They have not released a... more

04/26/2021

Analysis

Updated: Torex Gold Resources Inc

Torex Gold Resources has two large open pit projects in Mexico. El Limon is a 4 million oz (2.6 gpt) deposit. El Limon began production in December 2015. It is the 20th largest open pit project in the world, with production over 350,000 oz per year (AUEQ) more

04/26/2021

Analysis

Updated: Rusoro Mining Ltd

Rusoro Mining had a large gold mine (17 million oz) in Venezuela that was nationalized in 2012. In 2016, they won a $1.2 billion award by an international court. After they won the court case, their stock price jumped from $45 million to $75 million,... more

04/25/2021

Analysis

Updated: Xanadu Mines

Xanadu Mines is a project generator focused in Mongolia. They have a world-class copper/gold discovery (Kharmagtai). It is already 4 billion lbs of copper and 4 million oz of gold. Plus, they have 19 targets to expand the size. This is going to be a very... more

04/25/2021

Analysis

Updated: Majestic Gold Corp

Majestic Gold is a small producer in China. They are currently producing 20,000 oz (their 70% share) at an underground mine. Most of their resources are for an open pit next to the underground mine. I would estimate the underground mine only has about 3... more

04/25/2021

Analysis

Updated: Goldstone Resources

Goldstone Resources has five projects in West Africa on 100,000 acres. They are advancing their Homase project to production in Ghana. It is a past producing mine and has 600,000 oz at 1.7 gpt. Construction and permitting are almost completed, and... more

04/24/2021

Analysis

Updated: Melkior Resources Inc

Melkior Resources is a project generator focused in Canada. They have three early exploration gold projects. Carscallen in West Timmins, Ontario is next to a Lakeshore Gold mine and is their focus. After hitting 8 meters at 23 gpt they entered into a JV... more

04/24/2021

Analysis

Updated: Harmony Gold Mining Co.

Harmony Gold Mining is an emerging major, with an FD market cap of $2.6 billion. They are a 1.6 million oz producer. Their problem is that most of its mines are in South Africa. If they were producing in a mining-friendly nation, their stock price would... more

04/24/2021

Analysis

Updated: Panther Metals PLC

Panther Metals is a project explorer focused in Canada and Australia. Their main project is in Onatrio (Bear Lake) and has 8 properties. All of which are early exploration that have not been drilled. They also have two projects (Marrakai and Annaburoo)... more

04/24/2021

Analysis

Updated: Xali Gold Corp

Xali Gold Corp (formerly Candente Gold) is a small exploration company with a tiny FD market cap of $6 million. They currently focus on a new growth strategy after signing an agreement with Magellan Acquisition Corp to receive both a plant (the San... more

04/24/2021

Analysis

Updated: DELETE - US Copper Corp.

US Copper Corp. (Previously Crown Mining) has a large but low grade copper deposit (2 billion lbs at 0.25%) in California. With a $20 million FD market cap, it is not so cheap, but it is understandable given the current copper price environment. They are... more

04/23/2021

Analysis

Updated: Middle Island Resources Ltd

Middle Island Resources is developing the Sandstone project in Australia. They recently released a disappointing feasibility study which is barely cash flow positive at $2000/oz gold. The stock collapsd by 50% to $15 mkt cap. They only have 200k ounces... more

04/23/2021

Interview

Don Interview: Mining Stock Daily

https://anchor.fm/mining-stock-daily/episodes/Exhausted-Markets--Equity-in-Stimulus--and-the-Fear-Trade-in-Gold-evfb77 more

04/23/2021

Analysis

Updated: Havilah Resources Ltd

Havilah Resources is copper/gold developer in Australia. They have 3 advanced copper/gold projects with 3 million oz of gold and more than 1 billion lbs of copper, plus cobalt. They completed a feasibility study for their Kalkaroo project and are... more

04/23/2021

Analysis

Updated: DELETE - Duketon Mining

Duketon Mining is a project generator focused in Western Australia. They have a large project (Duketon) on 500,000 acres. It's in a good location where large gold mines have been found before. Duketon is a potential gold discovery (64 meters at 1.2 gpt).... more

04/22/2021

Analysis

Updated: Sky Metals Ltd

Sky Metals is a project explorer focused in Australia. They are drilling two gold discoveries (Cullarin and Caledonian) that have potential. They are also drilling three base metal projects (Galwadgere, Tellebung, and Doradilla). There is a good chance... more

04/21/2021

Analysis

Updated: Kingston Resources Ltd

Kingston Resources is developing a large open pit gold project in Papua New Guinea. The Misima property (45,000 acres) has a past producing open pit, where 4 million oz was mined (production stopped in 2004). There is still 3.2 million oz left at 1.1 gpt. more

04/19/2021

Analysis

Updated: Cassiar Gold Corp

Cassiar Gold Corp. (previously Margaux Resources) has 3 projects in British Columbia. Cassiar (60,000 hectares) is a gold project with an inferred resource of 1 million oz (1.4 gpt). Past production from the property (primarily 1979-1997) was... more

04/19/2021

Analysis

Updated: Orex Minerals Inc

Orex Minerals is a project generator in Mexico and Canada. Coneto (42,000 acres) in Mexico is a 45% JV with Fresnillo with a target of 100 million oz of silver equivalent. Fresnillo is drilling and must spend $21 million to get their option. Sandra... more

04/19/2021

Analysis

Updated: Dome Gold Mines

Dome Gold Mines has 3 gold properties in Fiji covering 95,000 acres. However, they found a magnetite deposit (Sigatoka) of 130 million tons (11% magnetite). They are looking for a partner to produce the magnetite and use the cash flow to explore for gold. more

04/17/2021

Analysis

Updated: Luca Mining

Telson Mining (formerly Telson Resources) is a small zinc/gold/silver producer in Mexico. They acquired Campo Morado in 2017, which has a 1 million oz gold deposit (including silver). Production was at 35,000 oz (1.3 gpt) a year, but they had to place it... more

04/17/2021

Analysis

Updated: Mirasol Resources Ltd

Mirasol Resources is a project generator with a lot of cash ($10 million). They do not currently have an advanced project, but they have 10 properties in Chile and 20 in Argentina (1 million acres). They have 6 JV deals, including deals with Yamana,... more

04/16/2021

Analysis

Updated: Golden Ridge Resources

Golden Ridge Resources is a project generator focused in Canada. They have 4 early exploration projects. The most interesting drill holes were intersected in Hank (5,000 acres) in 2017 (21 meters at 7 gpt and 60 meters at 2.6 gpt). In 2018 they had two... more

04/16/2021

Analysis

Updated: Bluebird Merchant Ventures

Bluebird Merchant Ventures is trying to restart a gold mine (Gubong) in South Korea. It has a historical resource of about 500,000 oz at 7 gpt. They own 50% and will need to pay for half of the costs. They completed a feasibility study in 2018. Their... more

04/16/2021

Analysis

Updated: Chakana Copper

Chakana Copper is advancing a copper/gold/silver discovery (Soledad-Rosales) in Peru. They think it is a large mine based on initial drilling, which have been very good. One drill hole was 244 meters at 1.4 gpt gold, 55 gpt silver, and .9% copper.... more

04/16/2021

Analysis

Updated: NV Gold Corp

NV Gold is a project generator focused in Nevada. They have 9 properties and several of them look interesting. Plus, they have a very experienced team. The chairman owns 7%, the CEO owns 2% and Eric Sprott own 6%, So they have a focused team. They... more

04/15/2021

Analysis

Updated: DELETE - Polyus (PJSC)

Polyus is one of the largest gold miners in the world. They have 61 million oz of reserves and 190 million oz of M&I. Plus, they have very low cash costs under $450 per oz. In 2021, they had $2 billion in free cash flow at about $1700 gold prices. Plus,... more

04/15/2021

Analysis

Updated: PPX Mining Corp

PPX Mining (previously Peruvian Precious Metals) has a small gold project in Peru. They are drilling four deposits on their Igor project (3200 acres). So far they have found 700,000 oz of gold equivalent (including silver) at pretty good grades (2 gpt... more

04/14/2021

Analysis

Updated: Signal Gold Inc

Anaconda Mining is a small producer in Canada, with 3 properties in Newfoundland. They are only producing about 20,000 oz per year at their Point Rousse project, with all-in costs (free cash flow) around $1250 to $1300 per oz. So, they are currently... more

04/14/2021

Analysis

Updated: DELETE - Blackstone Minerals

Blackstone Minerals is a project generator focused in both Canada and Australia. They have a potential high-grade cobalt and gold discovery in Canada (British Columbia) that could be exciting. Gold Bridge (80,000 acres) has a 25-mile strike. Initial... more

04/13/2021

Analysis

Updated: Outcrop Silver & Gold

Outcrop Gold (previously Miranda Gold) is a relatively new project generator. They have 2 JVs and 8 properties in Colombia, but their main focus is their newly acquired Santa Ana. in the first 9 holes they discovered a narrow vein system with results... more

04/13/2021

Analysis

Updated: B2Gold Corp

B2Gold Corp. is a major with producing mines in Philippines, Namibia, and Mali. Production is scheduled for 1,000,000 oz in 2021. They have low cash costs at $550 per oz, and about $1150 all-in costs (free cash flow). These low costs have attracted... more

04/12/2021

Analysis

Updated: White Rock Minerals Ltd

White Rock Minerals is a project generator focused in Australia and Alaska. Their main project is Red Mountain in Alaska. It has silver, gold, zinc, and lead. Combined the 9 million tons (600 gpt AGEQ) has 98 million oz AGEQ. It’s still early... more

04/12/2021

Analysis

Updated: Silver Bear Resources Plc

Silver Bear Resources has a large (125,000 acres) late stage project in Russia. Their Mangazeisky project is a 40 million oz resource (recently reduced, see 2021 news release) of high-grade silver. The first 5 years of production will be an open pit at... more

04/12/2021

Analysis

Updated: Gowest Gold Ltd

Gowest Gold is advancing to production in Canada. They only have one project (North Timmins), but it is large (27,000 acres) and has 15 targets. The Bradshaw deposit is a 1.2 million oz (6 gpt) resource that looks good. It is a high-grade surface and... more

04/10/2021

Analysis

Updated: Silver Viper Minerals Corp

Silver Viper Minerals is a project generator focused in Mexico. They have a significant discovery (La Virginia) on 85,000 acres. It has a 6-kilometer strike with 300 holes drilled. Some of the recent drill holes have been exciting (1 meter at 490 gpt AG,... more

04/10/2021

Analysis

Updated: Cassiar Gold Corp

Cassiar Gold Corp. (previously Margaux Resources) has 3 projects in British Columbia. Cassiar (60,000 hectares) is a gold project with an inferred resource of 1 million oz (1.4 gpt). Past production from the property (primarily 1979-1997) was... more

04/10/2021

Analysis

Updated: Wallbridge Mining Company Ltd

Wallbridge Mining is advancing a high-grade gold project (Fenelon) in Quebec. They had an FD market cap of $20 million in 2018 and then it exploded to $139 million in 2019 from high-grade drill results. Today, after their acquisition with Balmoral... more

04/10/2021

Analysis

Updated: Golden Minerals Co

Golden Minerals was doing great in 2011 with a share price high of $28. They had 50 properties on 800,000 acres, including two flagship projects. Velardena in Mexico and El Quevar in Argentina (now a JV with Barrick Gold). Velardena (60 million oz at... more

04/10/2021

Analysis

Updated: Starcore Intl. Mines Ltd

Starcore International is a small gold producer in Mexico, with annual production of about 15,000 oz at their San Martin mine. They had high costs with a breakeven point around $1,250 gold, for this reason investors have been selling the stock in the... more

04/09/2021

Analysis

Updated: Rio2 Ltd

Rio2 Ltd (recent takeover of Atacama Pacific Gold) has a large gold project (Fenix) in Chile. It is a 5 million oz, low grade (.4 gpt) oxide surface mine (75% recovery rate). They released a PFS in 2014 to mine 250,000 oz per year. However, the capex was... more

04/09/2021

Analysis

Updated: Granada Gold

Granada Gold (previously Gold Bullion Development) has a large gold project (Granada) in Quebec, Canada. It is undervalued with an FD market cap of only $19 million. Their future reserves in the ground (my estimate) are currently valued around $10 per oz. more

04/08/2021

Analysis

Updated: Jaguar Mining Inc

Jaguar Mining is a mid-tier producer in Brazil with 2 operating mines. A few years ago they went bankrupt from high costs and high debt. They have now restructured the debt and re-listed their shares. Original shareholders got wiped out and the... more

04/07/2021

Analysis

Updated: Mcewen Mining Inc

McEwen Mining has four operating mines in Canada, Nevada, Mexico, and Argentina. In 2021, they will produce about 150,000 oz of gold equivalent. Costs are high, with all-in costs around $1600 per oz. These high costs are why their share price has not... more

04/07/2021

Analysis

Updated: Goldmining Inc

Goldmining Inc. (previously Brazil Resources) stated strategy is to acquire advanced stage projects. They have done an excellent job achieving that strategy (although it has not translated into shareholder value yet). In 2012, they acquired the... more

04/06/2021

Analysis

Added: North Peak Resources Ltd

North Peak Resources is a new project explorer focused in Canada. They have an experienced team, but only one property. Kenogami (1250 acres) is an early exploration project in Northern Ontario. Initial drilling began in 2021. They do not have a... more

04/06/2021

Analysis

Added: Zacatecas Silver Corp

Zacatecas Silver is a new project generator focused in Mexico. They have 4 projects on 20,000 acres in the Sierra Madre, which is an ideal location to find silver mines. All of their projects are located near each other. Panuco is a mine in the making.... more

04/05/2021

Analysis

Added: Arizona Metals Corp

Arizona Metals is drilling two projects in Arizona. I'm not sure if they are an exploration or development company. Investors are valuing them like a developer. Giving them a whopping $190 million FD market cap. That seems high to me. The Kay project... more

04/05/2021

Analysis

Added: Denarius Metals

Denarius Silver is new conpany. They have a strong connection with Gran Colombia Gold. They have the same Chairman and Gran Colombia owns 36%. They recently acquired a project in Spain (Lomero-Poyatos). They list the resources in both thousands or tons... more

04/04/2021

Analysis

Added: Andean Precious Metals Corp

Andean Precious Metals Corp is a silver producer in Bolivia. They recently acquired the San Bartolome mine from Coeur Mining. It will produce 6 million oz (120 gpt) in 2021 with all-in (breakeven) costs around $17 to $18 per oz. My concern is the... more

04/04/2021

Analysis

Added: Fabled Silver Gold Corp

Fabled Silver Gold Corp is a project generator focused in Mexico. They have one project (Santa Maria) that they are drilling. Thave a 4 million oz resource (220 gpt) and 21 known veins (both underground and surface). The problem for me is the size of the... more

04/03/2021

Analysis

Updated: Highway 50 Gold Corp

Highway 50 Gold is an exploration company. They have a 50% option for a property (Monroe) in British Columbia (3,000 acres). The stock jumped to 50 cents in 2017 and is now back to 22 cents. They plan to begin drilling Monroe and someone expects them to... more

04/03/2021

Interview

Don Interview: WallStreetSilver

https://youtu.be/t6L-1hmHAl0 more

04/03/2021

Analysis

Added: Kingfisher Metals Corp

Kingfisher Metals is a new project generator focused in Canada. They have 3 early exploration projects (Thibert, Ecstall, and Goldrange). All of them are large properties with some historic exploration, but none of them has a discovery. I'm surprised... more

04/03/2021

Analysis

Added: Gold Royalty Corp

Gold Royalty Corp is a new royalty company created by Goldmining Inc. They sput-out 18 NSRs and funded it via an IPO to start out with about $87 million in cash. They will likely acquire some gold streams to generate cash flow. Investors are optimistic,... more

04/03/2021

Analysis

Updated: Rise Gold Corp

Rise Resources is a project generator with a high-grade gold project in California. Their Idaho-Maryland project has a historical resource of 1.3 million oz (10 gpt). It was last mined in 1954 and produced 2.4 million oz at 17 gpt. They claim that it... more

04/03/2021

Analysis

Updated: Warriedar Resources Ltd

Anova Metals is an Australian company with a gold project in Nevada (Big Springs). Until recently their focus was a small producing gold mine in Australia (Second Fortune), but they stopped producing in 2018 and had to sell it in order to recapitalize... more

04/02/2021

Analysis

Updated: Sunrise Resources Plc

Sunrise Resources is a London based exploration company. they are focused on their Pozzolan-Perlite Project in Nevada and they expect it to be mine ready soon. They recently received the mine permit and are advancing towards construction decision. They... more

04/02/2021

Analysis

Updated: Juggernaut Exploration

Juggernaut Exploration is a project generator focused in Canada. They have three gold projects (Gold Standard, Midas and Empire) in British Columbia. Exploration Program is fully funded now for Midas after they raised US$5M and added geologist Quinton... more

04/02/2021

Analysis

Updated: Orosur Mining Inc

Orosur Mining is a project generator with one project in Colombia. They have a 25% JV with Newmont (the option allows Newmont to obtain 85% with a free-carry for Orosur to production). Newmont is currently drilling, but it is still early exploration....... more

04/02/2021

Analysis

Updated: Labrador Gold Corp

Labrador Gold is a project generator focused in Canada. They have 5 early exploration projects and no discovery yet. All their properties are large: Hopedale (115,000 acres); Ashuanipi (220,000 acres); Nain (125,000 acres); Borden Lake (8,000 acres);... more

04/01/2021

Interview

Don Interview: Mining Stock Education

https://youtu.be/WD8KeJkN8xM more

04/01/2021

General

March 2021 Newsletter Posted

March 2021 Newsletter Posted. more

News from April 2021

Calendar

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