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News from March 2022

03/30/2022
Analysis  
Updated: Sulliden Mining Capital Inc
Sulliden Mining Capital has been a successful exploration company led by Stan Bharti, but has started to act like a holding company. They currently have about $10 million in equity holdings: 8% of Eurosun Mining 10% of Tristar Metals 17% of Aguia (ph  more
03/29/2022
Analysis  
Updated: Provenance Gold Corp
Provenance Gold is a project generator with four early exploration gold projects in Nevada and Oregon. They recently acquired the Eldorado property in Oregon. It has a historical resource estimate of 4 million oz at .7 gpt. Investors don't believe this...  more
03/28/2022
Analysis  
Updated: Avidian Gold Corp
Avidian Gold is a project generator focused in Alaska and Nevada. They appear to be a new company. They have 4 early exploration projects that all appear to be potential mines. Golden Zone (25,000 acres) is the most advanced with 300,000 oz at 1.5 gpt....  more
03/27/2022
Analysis  
Updated: Nexus Gold Corp
Nexus Gold is gold exploration company focused in West Africa (Burkina Faso) and Canada (Ontario). All of their properties are early exploration. Bouboulou (9,400 acres) is a gold discovery with drill holes of 40 meters at 1.5 gpt and 35 meters at 2.2...  more
03/26/2022
Analysis  
Updated: Essential Metals Ltd
Essential Metals (formerly Pioneer Resources) is a project generator focused in Australia. They are primarily a base metals explorer. They have an advanced Casesium project (Sinclair), plus a couple of lithium projects (Pioneer Dome and Mavis Lake). And...  more
03/25/2022
Analysis  
Updated: Leviathan Gold Ltd
Leviathan Gold is a new company formed in 2020. They are a project generator focused in Australia. They have two projects in Victoria, where the high-grade Fosterville mine exists. They are drilling for high-grade gold below two high-grade surface mines,...  more
03/25/2022
Analysis  
Updated: Calidus Resources
Calidus Resources is developing a gold project in the Pilbara in Western Australia. Their Warrawoona project has 1.7 million oz at 1.8 gpt (Klondyke property) and is likely to grow in size. Calidus is giving guidance for production in 2022. It was...  more
03/25/2022
Analysis  
Updated: GPM Metals Inc
GPM Metals has the option to acquire 75% in an early exploration silver project. The Walker Goosan project (425,000 acres) in Australia is in an area known for silver discoveries and could have potential. They also had a project in Peru (Pasco project,...  more
03/25/2022
Analysis  
Updated: Goldcliff Resource Corp
Goldcliff Resource Corp. is a project generator with 5 projects (3 in Canada and 2 in the US). The Rand property in Nevada was drilled in 2020 but they received disappointing results which caused their stock to collapse by almost 50%. Now they look to...  more
03/25/2022
Analysis  
Updated: First Tellurium Corp
First Tellurium Corp (formerly Deer Horn Capital) is advancing a small gold/silver/tellurium project in British Columbia. They choose to focus on the tellerium but this is probabely for marketing reasons since it is a very small part of the revenue, the...  more
03/25/2022
Analysis  
Updated: Predictive Discovery Ltd
Predictive Discovery is an Australian project explorer focused in West Africa. They have more than 2 million acres in Burkina Faso, Guinea and Cote d'Ivoire. Not only do they have huge land holdings, but they have been aggressively adding more. They have...  more
03/24/2022
Analysis  
Updated: Kalamazoo Resources
Kalamazoo Resources is a project generator in Australia. They have 125,000 acres in Victoria, with one property next to Kirkland Lake's Fosterville mine. Investors think they might have found a high-grade mine and shares are up quite a bit since they...  more
03/23/2022
Analysis  
Updated: Benton Resources Inc
Benton Resources is a project generator. They sold their advanced gold project (Cape Ray) in Newfoundland in Canada for $4 million. I would have preferred if they kept at least 20%. But they have three JVs in Newfoundland that look promising. The first...  more
03/23/2022
Analysis  
Updated: Musgrave Minerals
Musgrave Minerals is advancing a gold project (Que) in Australia. It is 600,000 oz (3 gpt) and is growing in size. Last year they had a big dril hole (11 meters at 19 gpt) and many other good holes. This look like a 1+ million oz mine and the reason it...  more
03/23/2022
Analysis  
Updated: Kingwest Resources Ltd
Kingwest Resources wants to be a gold producer in Australia. They recently acquired two gold projects (Menzies and Goongarrie) in Western Australia. Their focus is on Menzies where they drilled and issued an updated resource estimate of 500k ounces at 1.3  more
03/22/2022
Analysis  
Updated: Alicanto Minerals Ltd
Alicanto Minerals is a project generator based in Australia. In 2019, they acquired three projects in Sweden on 42,000 acres. Sala, Greater Falun, and Wolf Mountain are all early exploration with very little drilling. They currently have three drills...  more
03/22/2022
Analysis  
Updated: Santacruz Silver Mining Ltd
Santacruz Silver Mining is a silver and base metals producer in Mexico and Bolivia. They had problems with high costs in 2017 and sold their flagship Gavilanes project. They were left with two mines (Rosario and Veta Grande) with low resources of only...  more
03/21/2022
Analysis  
Updated: Sable Resources
Sable Resources is a project generator. They have several properties in Mexico (Vinata, Escarpe), and Argentina (Don Julio, El Fierro, Los Pumas). Currently, they don't have a discovery, but they seem to be making progress. Investors are excited by high-g  more
03/21/2022
Analysis  
Updated: Trillium Gold Mines
Trillium Gold Mines (formerly Confederated Minerals) is trying to advance a high-grade project (Newman Todd) in Red Lake, Ontario. They released a PEA in 2014, but haven't done much since except drill. They will need to do a lot more drilling to expand...  more
03/21/2022
Analysis  
Updated: Kairos Minerals
Kairos Minerals is a project generator focused in Western Australia. They have two early exploration gold projects that are interesting. Mt York is in the Pilbara region and has 850,000 oz (1.5 gpt). They may have some of the conglomerate that everyone...  more
03/20/2022
Analysis  
Updated: Titan Minerals Ltd
Titan Minerals has a large gold project in Ecuador (Dynasty). It's a high-grade 2.1 million oz (4 gpt), plus 17 million oz of silver (36 gpt) open pit project. It has a 2000 tpd mill, so the capex should be low. Progress has been slow, with a PEA not...  more
03/19/2022
Analysis  
Updated: Serabi Gold
Serabi Gold is a small gold producer in Brazil. They will produce 40,000 oz in 2022 from their Palito and Sao Chico deposits using a single mill. They have about 500,000 oz (7 gpt) between both deposits. In 2017, they acquired the Coringa gold...  more
03/19/2022
Analysis  
Updated: Puma Exploration Inc
Puma Exploration is a project generator focused in Canada. They have six projects in New Brunswick and Manitoba. They had a gold discovery (William Brook) in New Brunswick in 2021 (50 meters at 5.5 gpt). They plan to drill aggressively in 2022. It looks...  more
03/19/2022
Analysis  
Updated: Pelangio Exploration Inc
Pelangio Exploration is a project generator focused in West Africa and Canada. They have four large exploration properties in Ghana (60,000 Ha). It looks like they have found a potential million oz mine (Manfo). The Obuasi and Akroma projects look...  more
03/19/2022
Analysis  
Updated: Norseman Silver Inc
Norseman Silver is a project generator focused in Canada. They have four early exploration projects in British Columbia (Silver Switchback, Silver Vista, New Moon and Cariboo) and one in Argentina (Taquetren). They drilled Vista silver in 2021 and...  more
03/19/2022
Analysis  
Updated: Desert Gold Ventures Inc
Desert Gold Ventures is a project generator focused in West Africa (Mali). They have several contiguous properties totaling 100,000 acres. It is early exploration, but they are targeting 1 to 6 million oz. They are drilling aggressively in 2021 so expect...  more
03/18/2022
Analysis  
Updated: Kefi Minerals Plc
Kefi Minerals has a large gold project in Ethiopia. The Tula Kapi (70% JV) open pit and underground project has 1.7 million oz and is growing in size. The PEA is economic with low cash costs around $700 per oz. The capex is high at $220 million, but it...  more
03/18/2022
Analysis  
Updated: Champion Bear Resources
Champion Bear is a project generator focused in Ontario, Canada. They have 1 gold project (Plomp Farm) on 4,000 acres. It has 50,000 meters of historic drilling from 1994 to 2007, so someone liked the geology. But all of that drilling has resulted in a...  more
03/18/2022
Analysis  
Updated: Golden Lake Exploration Inc
Golden Lake Exploration is a project generator focused in Nevada. They have a gold discovery (Jewel Ridge) on 1800 acres. They released an excellent discovery hole in phase 1 (3 meters at 57 gpt and 450 gpt silver), and two more in phase two (18.68...  more
03/17/2022
General  
Don Interview: Palisades Radio
https://youtu.be/ZTAJwD7jwfI  more
03/17/2022
Analysis  
Updated: Rumble Resources
Rumble Resources is a project generator focused in Western Australia. They have had success before with exploration and have a good exploration team. There valuation jumped 4x in 2021 after a large base metals discovery (Earaheedy). It is primarily a...  more
03/17/2022
Analysis  
Updated: Filo Mining Corp
Filo Mining was a spinout project from NGex Resources in 2016. It is a large copper/gold/silver project in Argentina, with 3.3 billion lbs of copper, 6 million oz of gold (70% recovery), and 180 million oz of silver (80% recovery). They released a PFS in...  more
03/16/2022
Analysis  
Updated: Endurance Gold Corp
Endurance Gold is a project generator focused in North America (USA, Canada). They recently acquired a property (Reliance) in British Columbia that looks interesting. They drilled 20 holes in 2020 and more in 2021. It appears to be a discovery and has...  more
03/16/2022
Analysis  
Updated: Xtra-Gold Resources Corp
Xtra Gold Resources is a project generator with one property in Ghana (West Africa). The Kibi project has significant potential. It is on 55,000 acres and has 4 deposits that they are drilling. Zone 2 had a 43-101 resource estimate in 2012 of 400,000 oz...  more
03/15/2022
Analysis  
Updated: Manhattan Corporation Ltd
Manhattan Corporation Ltd is a project generator focused in Australia. They have one large property (Tibooburra) that is 500,000 acres. They are drilling two discoveries. New Bendigo (8 meters at 40 gpt, 16 meters at 14 gpt, 30 meters at 4 gpt) and...  more
03/14/2022
Analysis  
Updated: Anglo Australian Resources NL
Anglo Australian Resources is a project generator focused in Western Australia. Their Mandilla project (3,500 acres) is a 780,00 oz (1 gpt) open pit project, plus another 13,000 meters of completed drilling. This looks like a mine. They do not have a PEA...  more
03/14/2022
Analysis  
Updated: Dakota Gold Corp
Dakota Territory Resource Corp is a project generator focused in South Dakota. They have 10 properties covering 42,000 acres near the Homestake Mine which produced 40 million oz at 10 gpt. In 2021, they did a reverse takeover of JR Resources and expanded...  more
03/13/2022
Analysis  
Updated: Vango Mining Ltd
Vango Mining is advancing a gold project in Australia. They are drilling a discovery (Marymia - Trident) that is already 1 million oz, plus 20,000 meters drilled in 2020, and 50 more holes in 2021. It is a large property with a 40-kilometer strike. They...  more
03/13/2022
Analysis  
Updated: Meridian Mining
Meridian Mining is advancing a copper/gold project in Brazil. It's currently a small mine with only 21 million tons (400,000 oz at .6 gpt AU, and .6% CU). However, it appears to be growing in size. The FD market cap is $157 million from good drill...  more
03/13/2022
Analysis  
Updated: Aura Minerals Inc
Aura Minerals is a mid-tier producer in Honduras, Brazil, and Mexico. They will produce about 275,000 oz in 2022 (77% of revenue is gold) with all-in costs (breakeven) around $1300 per oz. They have about $160 million in cash and $160 million in debt....  more
03/12/2022
Analysis  
Updated: QuestEx Gold & Copper Ltd
QuestEx Gold & Copper (formerly Colorado Resources) is a relatively new project generator with a lot of targets. They have seven properties (300,000 acres) in British Columbia, mostly the Golden Triangle. Their North ROK project is low grade (.25 gpt)...  more
03/12/2022
Analysis  
Updated: Mithril Resources Ltd
Mithril Resources is a project generator based in Australia but focused in Mexico. They have five projects (El Refugio-La Soledad, Reyes, Cometa, Constancia, and Apolonia) on 17,000 acres. El Refugio-La Soledad had a maiden resource of 500,000 oz AUEQ (in  more
03/12/2022
Analysis  
Updated: Norra Metals Corp
Norra Metals (previously OK2 Minerals) has a large (18,000 acres) early exploration gold/copper project in Canada (Pyramid), and two projects in Norway that were acquired from EMX Royalty (~26,000 Hectares). The Pyramid project is located in the...  more
03/12/2022
Analysis  
Updated: Aurania Resources Ltd
Aurania Resources is a new company with an early exploration project in Ecuador called the Lost Cities / Cutucu project. It is a large property with 500,000 acres. In 2017 and 2018 they collected soil samples and looked for drilling targets. They began...  more
03/11/2022
Analysis  
Updated: Pacton Gold Inc
Pacton Gold is a project generator focused in Australia and Canada. They acquired 9 properties (120,000 acres) in the Pilbara and one of them appears to be on trend with a DeGrey discovery. They also have several early exploration properties that consist...  more
03/11/2022
Analysis  
Updated: Kestrel Gold Inc
Kestrel Gold is a project generator focused in the Yukon, Canada. They had several properties (Val & Jual, Ten Mile, Clear Creek), but were unable to pay the 2019 option payments. Their remaining project was the King Solomon project in the Yukon....  more
03/11/2022
Analysis  
Updated: Belo Sun Mining Corp
Belo Sun Mining is developing a large open pit project in Brazil called Volta Grande (330,000 acres). It is a 6 million oz open pit project (1 gpt). The feasibility study was released in March 2015. The capex is $300 million capex to produce 200,000 oz...  more
03/10/2022
Analysis  
Updated: Renforth Resources Inc
Renforth Resources is a project generator focused in Canada. They have 5 properties in Quebec and 2 JVs. Their Parbec property (500 acres) has a 250,000 oz (1.8 gpt) resource that looks like a mine. If it was a larger property with more exploration...  more
03/10/2022
Analysis  
Updated: Inca One Gold Corp
Inca One Gold is a toll milling company in Peru. They process gold ore from other companies for a profit. They have two mills with a capacity of 450 tpd but they only managed to average 167 tpd in 2021. Revenue was ~$36 million but they were losing money.  more
03/10/2022
Interview  
Don Interview: Jake Ducey
https://www.youtube.com/watch?v=ijshs9aCJJg  more
03/10/2022
Analysis  
Updated: Equinox Gold Corp
Equinox Gold was formed in 2017 from a merger between Trek Mining, NewCastle Gold, and Anfield Gold. Then in 2020, they merged with Leagold Mining, a 400,000 oz producer with 20 million oz of gold. And in 2021, they acquired Premier Gold, which will add...  more
03/09/2022
Analysis  
Updated: i-80 Gold Corp
i-80 Gold was created as a spin-out company when Equinox Gold acquired Premier Mining. 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...  more
03/09/2022
Analysis  
Updated: Guanajuato Silver
Guanajuato Silver is a small silver producer in Mexico. They recently acquired the El Cubo mine from Endeavour Silver. It is a small high-grade underground mine. It is located near their El Pinguico mine, so they plan to use the mill for both mines....  more
03/09/2022
Analysis  
Updated: Cabral Gold
Cabral Gold is a project generator with a project in Brazil. Cuiu Cuiu is a 1 million oz (1.2 gpt) resource that is growing in size. It's still early exploration without a PEA. They plan to drill in 2022. The management team owns 15% and sold their last...  more
03/08/2022
Analysis  
Updated: Paramount Gold Nevada Corp
Paramount Gold Nevada is developing two gold projects with 5 million oz. It was a spinout of Paramount Gold & Silver in 2015, which sold their San Miguel project. That left them with the Sleeper project in Nevada. Sleeper is very large with about 4...  more
03/08/2022
Analysis  
Updated: Silver One Resources Inc
Silver One Resources is a new company formed in 2016. In 2017, they acquired the Candalaria project in Nevada from Silver Standard for $4 million in shares, plus a 3% NSR. This project has a historical resource of 45 million oz in M&I at 3.5 opt (includin  more
03/07/2022
Analysis  
Updated: Falco Resources Ltd
Falco Resources has a large gold project in Quebec on 175,000 acres. The Horne mine is a 5 million oz deposit at 1.4 gpt, with significant amounts of copper (260 million lbs) and zinc (1.2 billion lbs) for offsets. Revenue is projected at about 70% gold,...  more
03/06/2022
Analysis  
Updated: 1911 Gold Corp
1911 Gold is a new company that was able to consolidate the Rice Lake properties (125,000 acres). It includes the True North mine (1 million oz at 5.8 gpt) and 1200 tpd permitted mill. This was owned by San Gold, which was valued at over $1 billion in...  more
03/05/2022
Analysis  
Added: G Mining Ventures Corp
G Mining Ventures is building a large gold mine (Tocantizinho) in Brazil. It's a 2 million oz deposit at 1.2 gpt (nearly all reserves) that will produce 175,0000 oz annually. They have a strong team, which is reflected in their company FD market cap...  more
03/05/2022
Analysis  
Added: Baroyeca Gold & Silver Inc
Baroyeca Gold & Silver is a project generator in Colombia. They are using bulk tonnage production to generate cash for exploration. They have a 30 tpd operation at their Santa Barbara property. That could produce around 5,000 oz. This should reduce share...  more
03/02/2022
Analysis  
Updated: Seabridge Gold Inc
Seabridge Gold is the largest project generator by market cap. They have three giant projects, but these are not currently economic to build. They are currently de-risking them with permitting and feasibility studies. The stock reached $37 per share in...  more
03/02/2022
Analysis  
Added: Nevada Silver Corp
Nevada Silver Corp is advancing a low grade silver project (Corcoran) in Nevada. They might be a development company, but are not giving guidance to advance the project to production. Currently, they are only drilling. Corcoran has 32M oz AGEQ (including...  more
03/02/2022
Analysis  
Added: Silver Bullet Mines Corp
Silver Bullet Mines is a new company formed in 2021. They are building a mill at their Black Diamond property (5,000 acres) in Arizona. Their website is lacking information and I am blind to what they are doing. They don't list a resource, a PEA, any...  more
03/01/2022
Analysis  
Updated: Mcewen Mining Inc
McEwen Mining has three operating mines in Canada, Nevada, and Argentina. In 2022, they will produce about 150,000 oz of gold equivalent. Costs are high, with all-in costs around $1800 per oz (AUEQ). These high costs are why their share price has not...  more
03/01/2022
General  
February 2022 Newsletter Posted
February 2022 Newsletter Posted.  more


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