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05/30/2021
Analysis
Updated: Theta Gold Mines Ltd
Theta Gold Mines (previously Stonewall Resources) is trying to become a gold producer in South Africa. They recently announced a 4 million oz high-grade resource (their 74% share) and investors ignored them. However, higher gold prices have doubled their... more
05/30/2021
Analysis
Updated: Candelaria Mining Corp
Candelaria Mining is focused in Mexico. They are currently planning to restart a small high-grade underground mine (Pinos) in 2022. It has a low capex ($10 million), but a 1-year build. It will only produce 12,000 oz annually, but they are targeting $5... more
05/30/2021
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 do not have enough cash and will need to dilute more in order to drill again in 2021, especially after their... more
05/29/2021
Analysis
Updated: Azimut Exploration Inc
Azimut Exploration is a project generator focused in Northern Quebec. In January 2020, they made a big discovery on their Elmer property (100 meters at 3 gpt). Plus, it had high-grade sections with visible gold. The stock has since blasted off and they... more
05/29/2021
Analysis
Updated: Castle Minerals Ltd
Castle Minerals is a project generator. They have multiple 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 strike extensions.... more
05/29/2021
Analysis
Updated: DELETE - ValOre Metals Corp
ValOre Metals (formerly Kivalliq Energy) is currently focused on a PGE (with some gold) property (Pedra Branca) in Brazil. It is large on 85,000 acres, but still early exploration. They think it is a potential large mine. It is a discovery and they are... more
05/29/2021
Analysis
Updated: DELETE - Mexus Gold US
Mexus Gold is a small producer in Mexico. They parted ways with their JV partner at Santa Elena and are trying to ramp up the mine on their own. Their goal is to ramp up production from 500 tpd to 1,000 tpd in the near term. That is about 10,000 oz per... more
05/29/2021
Analysis
Updated: Prospector Metals Corp
Ethos Gold is a project generator focused in Canada, Nevada, and Mexico. They have nine early exploration gold projects and no discoveries. They are cashed up with $8 million and will be exploring at least two of their properties in 2021: Savant Lake's... more
05/28/2021
Analysis
Updated: Anglo Asian Mining Plc
Anglo Asian Mining is a gold producer in Azerbaijan. Production is projected at about 55,000 oz in 2021, with all-in costs around $900 per oz (free cash flow). Their Gedabek property has both an open pit and underground mine (Gadir). Resources are about... more
05/28/2021
Analysis
Updated: Industrias Penoles NPV
Industria Penoles owns 75% of Fresnillo, which is one of the largest silver and gold producers in the world. They claim most of that production in their financials (Fresnillo is listed as a subsidiary), so I'm a bit confused. Fresnillo has a separate... more
05/28/2021
Analysis
Updated: Iconic Minerals
Iconic Minerals is a project generator focused in Nevada. They have 3 early exploration gold projects (Hercules, Squaw Creek, New Pass), but are currently focusing on developing their 50% owned lithium project (Bonnie Claire).
Their New Pass project ( more
05/28/2021
Analysis
Updated: Newcore Gold Ltd
Newcore Gold (previously Pinecrest Resources) has a gold project (Enchi) in Ghana, West Africa. The resource size is 1.2 million oz at .7 gpt, and will likely grow in size. It is a large property (140,000 acres) with a lot of drilling targets. They... more
05/27/2021
Analysis
Updated: Royal Road Minerals Ltd
Royal Road Minerals is a project generator focused in Colombia and Nicaragua. They have 10 properties, with a total land package over 1 million acres. It's an interesting company with a lot of drill targets. They have three gold discoveries they are... more
05/27/2021
Analysis
Updated: Minaurum Gold Inc
Minaurum Gold is a project generator with 6 projects in Mexico. They have an experienced team and a very good Board of Directors. They recently made a high-grade silver discovery on their Alamos property (90,000 acres), which has numerous drill targets (a more
05/26/2021
General
Don Interview: The Early Stage Investor (crypto info)
https://youtu.be/PSEj83iYGtM more
05/26/2021
Analysis
Updated: Robex Resources Inc
Robex Resources is a small gold producer in West Africa. They have an excellent property called Nampala (1.5 million oz at .8 gpt and growing). The problem is the location (Mali), which limits the upside potential. Although, all of Robex projects are in... more
05/26/2021
Analysis
Updated: Northern Shield Resources Inc
Northern Shield Resources is a project generator focused in Canada. They have several early exploration projects in Nova Scotia, Newfoundland, and Quebec. Very little drilling has been performed. They are excited about a potential discovery called Shot... more
05/25/2021
Analysis
Updated: DELETE - Peel Mining Ltd
Peel Mining is advancing a mostly copper project in Australia. I added them to the database because of their Cobar project does have a significant amount of precious metals and is currently about 25% of their expected revenue.
Cobar includes 4... more
05/25/2021
Analysis
Updated: Pasofino Gold Ltd
Pasofino Gold (formerly Enforcer Gold) acquired a 40% ownership of the Dugbe project (in Liberia) from Hummingbird Resources in 2020. They are the operator and plan to release a feasibility study in 2021. This a 3 million oz (1.5 gpt) open pit project on... more
05/25/2021
Analysis
Updated: Pasofino Gold Ltd
Pasofino Gold (formerly Enforcer Gold) acquired a 40% ownership of the Dugbe project (in Liberia) from Hummingbird Resources in 2020. They are the operator and plan to release a feasibility study in 2021. This a 3 million oz (1.5 gpt) open pit project on... more
05/25/2021
Analysis
Updated: St. Augustine Gold & Copper Ltd
St. Augustine Gold & Copper has a very large project in the Philippines (King-king). It is primarily a copper project with gold offsets. The stock price crashed to 1 cent because of political events in the Philippines. However, it has recently recovered... more
05/24/2021
Analysis
Updated: DELETE - Tietto Minerals Ltd
Tietto Minerals is advancing a large gold project (Abujar) in West Africa (Cote D'Ivoire). It's a 3 million oz (1.2 gpt) open pit project, with a higher grade starter pit. They plan to release a feasibility study in 2021, with production targeted for... more
05/24/2021
Analysis
Updated: Hannan Metals Ltd
Hannan Metals is a project generator with several large properties in Peru. They have a 25% JV with a Japan corp that is drilling for copper/silver/gold on their San Martin (70,000 acres). Plus, they are planning to do initial drilling their Provisto (100 more
05/23/2021
Analysis
Updated: Cantex Mine Development Corp
Cantex Mine Development is a project explorer focused in Canada. They have two early exploration silver properties (North Rackla and Mt Good). Both are discoveries, although not large enough to be mines yet. They only drilled 13 holes at North Rackla in... more
05/23/2021
Analysis
Updated: Aruma Resources Ltd
Aruma Resources is a gold exploration company focused in Western Australia. They sold their main gold projects to Black Cat Syndicate in 2020 and shifted their focus to the remaining properties; The Melrose Porject is located adjucent to Northern Star's... more
05/23/2021
Analysis
Updated: Beacon Minerals Ltd
Beacon Minerals is a small gold producer in Australia. They have one project (Jaurdi) on 2500 acres. It is a small resource (200,000 oz) and an open pit (1.7 gpt). They are profitable, with all-in costs are around $1250 per oz (breakeven). Investors like... more
05/22/2021
Analysis
Updated: Prime Mining Corp
Prime Mining is a new company. They acquired the Los Reyes project from Vista Gold for $6 million. It is a high-grade oxide open-pit gold project in Mexico. It has about 1 million oz of gold equivalent (including silver).
They were going to fast-track more
05/22/2021
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
05/22/2021
Analysis
Updated: Newmont Corp
Newmont Corp is a solid major, although growth will be flat at around 6.5 million oz for the next five years. They have about 195 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($59... more
05/22/2021
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 decided to initiate... more
05/20/2021
Analysis
Updated: Goldquest Mining Corp
Goldquest Mining has an advanced gold project in the Dominican Republic. The Romero project is 2 million oz at 2.5 gpt with a 28% after-tax IRR at $1300 gold. The capex is $158 million. Cash costs are projected to be around $500 per oz with copper, zinc,... more
05/20/2021
Analysis
Updated: Lundin Gold Inc
Lundin Gold obtained the Fruta Del Norte from Kinross for $240 million. Fruta is a huge high-grade underground mine (9 million oz at 8 gpt). Kinross paid $1.2 billion for it from Aurelian Resources. Kinross did a pre-feasibility study to produce 400,000... more
05/19/2021
Analysis
Updated: Klondike Silver Corp
Klondike Silver is trying to advance a small high-grade silver project in Canada. They have the 30,000 acre Slocan Camp in British Columbia that has 25 past producing mines on it. They have a mill and are trying to restart the Silvana mine, which... more
05/18/2021
Analysis
Updated: Western Copper & Gold Corp
Western Copper and Gold has a huge copper/gold project in Canada (Yukon) called Casino. I think it is too big for them to build with a capex of $2.5 billion. The feasibility was completed back in 2013, with an update due in 2021. They are now cashed up... more
05/18/2021
Analysis
Updated: Western Copper & Gold Corp
Western Copper and Gold has a huge copper/gold project in Canada (Yukon) called Casino. I think it is too big for them to build with a capex of $2.5 billion. The feasibility was completed back in 2013, with an update due in 2021. They are now cashed up... more
05/18/2021
Analysis
Updated: De Grey Mining Ltd
De Grey Mining has a large open pit gold project in Australia. Their Mallina project is large with 250,000 acres and is 60 miles long. It has a lot of exploration potential. Currently, they have 2.2 million oz at 1.6 gpt. They expect it to grow into the... more
05/17/2021
Analysis
Updated: Maritime Resources Corp
Maritime Resources has a past producing property (Green Bay) in Newfoundland (2000 to 2004). It is about 1 year away from restarting production with financing. They completed a PFS in 2017, and it is economic with about a 35% after-tax IRR, with cash... more
05/16/2021
Analysis
Updated: DELETE - Glen Eagle Resources Inc
Glen Eagle Resources is a toll miner in Honduras. They have one mill (Choluteca) that produces about 100 tpd. They had $2 million in revenue in 2019 and $700k in 2020 but they lost money. Recently they entered a 50/50 agreement for the selling of gold... more
05/16/2021
Analysis
Updated: Kootenay Silver Inc
Kootenay Silver (previously Kootenay Gold) is a project generator focused in Mexico. After their acquisition of International Northair (April 2016), they have 14 properties and 4 JV deals. Their flagship project is Promontorio, which is a 115 million oz... more
05/16/2021
Analysis
Updated: Evolution Mining Ltd
Evolution Mining is a large gold producer in Australia and Canada. They have seven producing mines and will produce about 725,000 oz in 2021. They have moderate cash costs (about $700 per oz) and are very profitable. They have $130 million in debt, but... more
05/16/2021
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). Hazelton is more advanced and on 120,000 acres. Over the last year They did a preliminary work and... more
05/15/2021
Analysis
Updated: Blackrock Silver
Blackrock Silver (formerly Blackrock Gold) is a project generator. Recently obtained the Tonopah property (1,000 acres) in Nevada. It produced 174 million oz of silver gold from 1900 to 1950. There is likely a few more million oz that was left behind. A... more
05/15/2021
Analysis
Updated: Brixton Metals Corp
Brixton Metals is a project generator focused in Canada. They are calling their Atlin project in northern British Columbia (250,000 acres) their flagship. It is mostly a copper/gold project with good copper drill result.
They also have three early... more
05/14/2021
Analysis
Added: DELETE - E79 Resources Corp
E79 Resources is a new project generator focused in Australia. They have two large properties (Beaufort - 30,000 acres) and Myrtleford (100,000 acres) in Victoria. The location looks pretty good for finding mines. At their low valuation, this might not... more
05/13/2021
Analysis
Added: St. James Gold Corp
St. James Gold is a new project generator focused in Canada. They have three projects, although they are focusing on Florin (22,000 acres) in the Yukon. It is a 2.5 million oz (.45 got) inferred deposit that is likely to double in size. They need to pay... more
05/13/2021
Analysis
Updated: Minera IRL Ltd
Minera IRL is trying to become mid-tier producer in Peru. It has high risk, because they have $68 million in debt and only $2 million in cash. Plus, they need $175 million for the capex of their flagship project (Ollachea in Peru). They had been... more
05/12/2021
Analysis
Added: BMEX Gold Inc
BMEX Gold is a project generator focused in Canada. They have two early exploration properties in Quebec. Dunlap Bay (10,000 acres) and King Tut (12,000 acres) have had very little exploration and will be drilled this year. It's in a good location, but... more
05/12/2021
Analysis
Added: DELETE - Freeport Resources Inc
Freeport Resources is trying to advance a large copper/gold project (Star Mountains) in Papua New Guinea. It has about 3 million oz of gold (.4 gpt) and 1.5 billion lbs of copper (.6%). It's really a copper mine with gold offsets. Investors are not... more
05/11/2021
Analysis
Updated: Amex Exploration Inc
Amex Exploration is a project generator focused in Canada. Their share price has exploded from 4 cents in 2018 to $2.24 today. Once again, Eric Sprott (15% owner) has another winner. I liked this stock at 30 cents and knew it was going higher. I should... more
05/11/2021
Analysis
Added: Adyton Resources Corp
Adyton Resources is a new company formed in 2021. They have three open pit projects in Papua New Guinea. Investors are not excited, giving it a $25 million FD market cap. That creates a lot of upside potential, especially if they find more gold. They... more
05/11/2021
Analysis
Added: i-80 Gold Corp
i-80 Gold is the spin-out company from the Premier Gold acquisition by Equinox Gold. i-80 was left with three projects in Nevada. South Arturo is a JV, where they own 40% and Newmont is the operator. It is currently low production, but that could change.... more
05/10/2021
Analysis
Added: Canterra Minerals Corp
Canterra Minerals is a project generator focused in Canada. They have a large property (Wilding) with 55,000 acres in Newfoundland. They have drilled a lot of holes but do not yet have a maiden resource. They seem to be confident they are going to find... more
05/10/2021
Analysis
Added: Valkea Resources Corp
Outback Goldfields is a project generator focused in Australia. They have 4 large early exploration properties in Victoria. They have a lot of targets, but that will also require a lot of money for drilling. They are currently cashed up, but they will... more
05/09/2021
Analysis
Added: Big Ridge Gold Corp
Big Ridge Gold (formerly Alto Ventures) is trying to advance a past producing mine in Canada. Hope Brook is a 1 million oz deposit (4 gpt). They have an option to obtain 80% if they spend money advancing it and provide 25 million shares (over the next 3... more
05/09/2021
Analysis
Updated: DELTE - Kingsrose Mining Ltd
Kingsrose Mining has two small open pits in Indonesia. Both have low resources and are dependent on exploration success. For this reason, this is a high-risk speculation stock. They also only own 85% of Way Linggo and may have to divest down to 49%... more
05/09/2021
Analysis
Updated: Aztec Minerals Corp
Aztec Minerals is a new exploration company with two projects. They have an option for 75% of a silver project in Arizona called Tombstone (400 acres). Their first phase results include High grade intervals such as 7.15 gpt gold equivalent over 15.14... more
05/07/2021
Analysis
Added: Nevada King Gold Corp
Nevada King Gold is a new company formed in 2020 when they acquired Victory Metals. They have 12 properties in Nevada that are all early exploration, although their Atlanta property is a past producing mine with 600,000 oz. They are cashed up with about $ more
05/06/2021
Analysis
Updated: Orezone Gold Corp
Orezone Gold recently financed their gold project in West Africa (Burkina Faso). Their first mine (Bombore) should begin production in Q3 2022 (under construction). It is a large open pit deposit. In 2017, they had another company analyze the deposit and... more
05/06/2021
Analysis
Updated: Orezone Gold Corp
Orezone Gold has a late stage project in West Africa (Burkina Faso). Their first mine (Bombore) should begin production in Q3 2022 (under construction). It is a large open pit deposit. In 2017, they had another company analyze the deposit and it was... more
05/06/2021
Analysis
Added: DELETE - Tincorp Metals Inc
Whitehorse Gold is a project generator focused in Canada. They have a gold/silver discovery (Skukum) in the Yukon on 42,000 acres. Recent drill results have been very good (6 meters at 11 gpt AU and 300 gpt AG, 10 meters at 8 gpt AU and 175 gpt AG). It... more
05/05/2021
Analysis
Updated: Strategic Metals Ltd
Strategic Metals is a project generator in the Yukon. Their stock price rose 500% in 2010, and peaked at $4.34 per share in 2011, but has since crashed (along with many gold and silver mining stocks). At today's 37 cent price ($47 million fully diluted).... more
05/04/2021
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 Goldcorp. Plus, they tend... more
05/04/2021
Analysis
Updated: IAMGOLD Corp
IAMGold Corp is a large mid-tier producer, with production at 650,000 oz. They have 3 operating mines in Suriname (northern South America), Canada (Quebec), and Burkina Faso. They are currently building a large gold mine in Ontario (Cote with 7 million... more
05/03/2021
Analysis
Updated: Hummingbird Resources Ltd
Hummingbird Resources is a mid-tier producer in West Africa (Mali). Their Yanofolia open pit is 2 million oz (2.5 gpt). However, it is currently projected to produce for only five more years at 100,000 oz annually. Cash costs are currently about $950 per... more
05/03/2021
Analysis
Updated: Viva Gold Corp
Viva Gold is advancing a small open-pit gold project (Tonapah) in Nevada. They have 400,000 oz at .8 gpt, but it is a large property (8,000 acres) with a lot of drill targets. I think it could double in size. Investors are not interested, giving it a $12... more
05/03/2021
General
April 2021 Newsletter Posted
April 2021 Newsletter Posted. more
05/02/2021
Analysis
Updated: Resolute Mining Ltd
Resolute Mining is a mid-tier producer (350,000 oz of production) with two producing mines in West Africa (Mali, Senegal). They have high cash costs ($1000 per oz), with about $1450 all-in costs per oz. Management seems to be very competent and has been... more
05/02/2021
Analysis
Updated: Revival Gold Inc
Revival Gold is developing an open pit project in Idaho. Their Arnett - Beartrack project (10,000 acres) has 3 million oz (1 gpt). It was a past producing mine in 2000 and appears to be permitted. They are targeting restarting the mine in 2022. They... more
05/01/2021
Analysis
Updated: Tower Resources Ltd
Tower Resources is an exploration company focused in Canada (British Columbia). They have 2 properties on 54,000 acres. They have a potential copper/gold discovery (Rabbit North) but their current focus is the Nechako project which they keep drilling for... more
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