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07/31/2022
Analysis
Updated: Rockhaven Resources Ltd
Rockhaven Resources has an excellent gold/silver project in the Yukon. They did a PEA and the after-tax IRR was only 20% at $1300 gold, but 37% at $1450. Plus, the capex is very high at $250 million. For this reason, investors have not been interested.... more
07/31/2022
Analysis
Updated: Elevation Gold Mining Corp
Elevation Gold Mining (formerly Northern Vertex Mining) is small gold producer in Arizona at their Moss project (40,000 acres). It is a 450,000 oz (gold equivalent, including silver) resource at .8 gpt. They plan to produce 40,000 oz annually for 10... more
07/31/2022
Analysis
Updated: Fabled Silver Gold Corp
Fabled Silver Gold Corp is a project generator focused in Parral, Mexico. CEO Peter Hawley oversees this, as well as Fabled Copper. They currently have one project (Santa Maria) that they are drilling and exploring. The news 2/2/22 exceeded management's... more
07/31/2022
Analysis
Updated: Abacus Mining & Exploration Corp
Abacus Mining and Exploration has a 20% interest in a large copper/gold project in Canada (British Columbia). The Ajax project has 2.7 billion lbs of copper and 2.6 million oz of gold reserves. They plan to produce 58,000 tons of copper and 125,000 oz of... more
07/31/2022
Analysis
Updated: Zephyr Minerals Ltd
Zephyr Minerals is advancing a small high-grade gold project (Dawson - Green Mountain) in Colorado. The deposit is currently only 200,000 oz, so they will need exploration success to extend the mine life. They completed a PEA in 2017 and it is economic,... more
07/30/2022
Analysis
Updated: Horizon Gold Ltd
Horizon Gold is a new company (spin-out from Panoramic Resources) in Australia. They have a large property (150,000 acres) that has had extensive mining (37 open pits and 3 underground mines). It has a mill, but requires refurbishing (it was operating in... more
07/30/2022
Analysis
Updated: Artemis Gold Inc
Artemis Gold was formed by the Atlantic Gold management team after they were acquired by St Barbara. They acquired the huge Blackwater project from New Gold for $155 million, plus a 4% NSR (8% for the first 280,000 oz). Those are high NSRs and I would... more
07/29/2022
Analysis
Updated: Blue Star Gold Corp
Blue Star Gold (formerly WPC Resources) has a high-grade project (Ulu) in Nunavut. It is a historical resource with 800,000 oz at 6 gpt. It is a potential mine. They recently did a 10 to 1 reverse split and were then able to raise cash. They are now... more
07/29/2022
Analysis
Updated: Summa Silver Corp
Summa Silver is a new company with a silver project (Hughes) in Nevada. They have 5500 acres on the Tonapah district that mined 175 million oz at very high grades. They don't own the entire district, but have the Belmont Mine, which mined 36 million oz.... more
07/28/2022
Analysis
Updated: Geopacific Resources Ltd
Geopacific Resources is building a 1.5 million oz (1.5 pt) open pit project (Woodlark Island) in Papua New Guinea. It is permitted, financed, and economic (30% after-tax IRR), with a feasibility study. The capex was high supposed to be $190M. However,... more
07/28/2022
Analysis
Updated: Artemis Resources Ltd
Artemis Resources is an Australian mining company with several properties in Western Australia. Recently, a world-class discovery of 275 meters at 4.7 gpt was made at Havieron next to one of their properties (Paterson). This vaulted their valuation from $ more
07/27/2022
Analysis
Updated: Ten Sixty Four Ltd
Ten Sixty Four Ltd (formerly Medusa Mining) is a mid-tier producer in the Philippines. They plan to produce about 95,000 oz in 2022 (Co-O mine), with cash costs around $1000 per oz and all-in costs around $1600 per oz. They have been having problems with... more
07/27/2022
Analysis
Updated: Gold Springs Resources
Gold Springs Resources (formerly TriMetals Mining and South American Silver) has been a painful fall for their investors. It has fallen from $3.25 a share in 2010 to today’s price of 13 cents. Ouch. Today it has an FD market cap of $36 million. This... more
07/26/2022
Analysis
Updated: Rupert Resources Ltd
Rupert Resources is advancing a large high-grade open project (Ikkari) in Finland. It is already 4 million oz (2.5 gpt) and growing in size. They will release a PEA in 2022 and have begun permitting. The key will be the timeline to complete permitting,... more
07/26/2022
Analysis
Updated: Anglogold Ashanti Ltd
AngloGold Ashanti is one of the largest gold producers. They were cheap in 2018, crashing to $7 per share. This was due to strikes in South Africa and higher cash costs. They resolved those issues (they sold their SA mines) and now the stock is back to $1 more
07/26/2022
Analysis
Updated: Anglogold Ashanti Ltd
AngloGold Ashanti is one of the largest gold producers. They were cheap in 2018, crashing to $7 per share. This was due to strikes in South Africa and higher cash costs. They resolved those issues (they sold their SA mines) and now the stock is back to $1 more
07/26/2022
Analysis
Updated: Globex Mining Enterprises Inc
Globex Mining is a project generator that has been around for 60 years. With 210 projects (109 are precious metals) in Canada and the US (mostly in Quebec and Ontario). They also have 90 royalty properties, with 1 paying out about $1.5 million per year.... more
07/25/2022
Analysis
Updated: Focus Minerals Ltd
Focus Minerals was a mid-tier producer in Australia, but they halted production in 2013 due to high cash costs. My guess is they will resume production. They have two solid properties: Laverton and Coolgardie. Both are large (400,000 acres combined) with... more
07/25/2022
Analysis
Updated: American Pacific Mining
American Pacific Mining is a new exploration company. In 2020, they acquired Madison Mining, which has a gold/copper project that is a 30% JV with Rio Tinto. It has some excellent drill results (30 meters at 24 gpt) and looks like a mine. Rio Tinto has... more
07/25/2022
Analysis
Updated: Cora Gold Ltd
Cora Gold is trying to advance a small open-pit gold project (Sanankoro) in Mali to production. They recently funded the capex with a $12.5M loan and expected $12.5M equity financing. A feasibility study is due in 2022 and then they need to complete... more
07/24/2022
Analysis
Updated: Horizon Minerals Limited
Horizon Minerals was a small producer in Australia. They are planning to resume production at some point. They plan to drill in 2022. They are working on a feasibility study for their Boorara project that has 450,000 oz. Overall, they have 1.1 million oz. more
07/24/2022
Analysis
Updated: Fireweed Metals
Fireweed Metals (formerly Fireweed Zinc) is a new company with a zinc/silver project (Macmillan Pass) in the Yukon. There has been 70,000 meters of historical drilling. They released a PEA in 2018. It has 6% zinc and 4% lead, plus 55 million oz of silver... more
07/23/2022
Analysis
Updated: DELETE - Magna Gold Corp
Magna Gold acquired the San Francisco mine from Alio Gold. This gives them a large mine (1.5 million oz at .5 gpt) that should make them a potential mid-tier producer. They were able to restart the mine with very little debt and are producing about 70,000 more
07/23/2022
Analysis
Updated: Quebec Precious Metals Corp
Quebec Precious Metals (formerly Canadian Strategic Metals) is a project generator focused in Quebec, Canada. They have a gold discovery (Sakami) in a large property (35,000 acres), a good location and early drill results have been pretty good (106 holes) more
07/23/2022
Analysis
Updated: Graycliff Exploration Ltd
Graycliff Exploration is a new project generator focused in Canada. They have one potential gold discovery (Shakespeare) with a drill hole of 4.8 meters at 46 gpt. It is on 2,500 acres in a good location in Ontario. It has not had much drilling, but was... more
07/23/2022
Analysis
Updated: Tomagold Corp
Tomagold Corp is a project generator focused in Quebec. They have 6 properties on about 25,000 acres. All are early exploration, although Obalski appears to be a high-grade discovery. They drilled 11,000 meters over the last 12 months and received mainly... more
07/22/2022
Analysis
Updated: Boab Metals Ltd
Boab Metals (previously Pacifico Minerals) is advancing a lead-silver project (Sorby Hills) in Australia. It has about 35 million oz (their share) of low-grade silver (35 gpt). However, it also has high-grade lead offsets that should make it economic. In... more
07/21/2022
Analysis
Updated: Rox Resources Ltd
Rox Resources is a gold and base metals exploration/developer in Australia. They have three gold properties and two base metals properties in Western Australia. They own 70% of the Youanmi property, which has 2.2 million oz (their share), plus... more
07/21/2022
Analysis
Updated: DELETE - Chalice Mining
Chalice Mining (previously Chalice Gold Mines) is a project generator based in Australia. They made a high-grade palladium discovery (Julimar - Gonneville) in 2020 and their share price exploded from 70 cents to $7. Their market cap is now $1 billion.... more
07/20/2022
Analysis
Added: EnviroGold Global Ltd
Envirogold Global has a unique strategy. They plan to acquire tailings projects and mine them. This means they will have a low capex and an easy permitting process. They already have acquired two projects (Hellyer in Australia and Buchans in Canada),... more
07/20/2022
Analysis
Added: Phenom Resources Corp
Phenom Resources is trying to advance a large vanadium project in Nevada. The capex is $535 million. That is likely too large to finance. My guess is they will sell it and keep an NSR. They also have a gold project (South Carlin) that is early... more
07/19/2022
Analysis
Updated: Angkor Resources
Angkor Resources is a project generator in Cambodia. They have 5 large properties on 250,000 acres, all of them are early exploration without a significant discovery. Their mining focus is directed mainly towards Andong Meas (and especially the Wild Boar... more
07/19/2022
Analysis
Updated: Vox Royalty Corp
Vox is a returns-focused precious metals royalty company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. Six royalties are already producing. By 2024, they should have 10+ royalties producing. The Company was established... more
07/19/2022
Analysis
Added: Kaiser Reef Ltd
Kaiser Reef is trying to restart two high-grade underground mines in Australia. Both have had significant production in the past, but neither appear to currently have any reserves or resource totals. They are both in Victoria and have significant drill... more
07/19/2022
Analysis
Updated: Mawson Gold Limited
Mawson Resources is a project generator focusing in Finland and Australia. They have a potential big project in Finland called Rompas - Rajapalot (42,000 acres). They began initial drilling (4,000 meters) in 2012 and results were very promising: 5 meters... more
07/16/2022
Analysis
Updated: Marvel Gold Ltd
Marvel Gold is advancing 3 gold projects in Mali. Their flagship project is Tabakorole in which they can earn 80%, It has at least 1 million ounces (1.2 gpt) open pit, which would be easy to permit and mine. Plus, the property is large (200,000 acres)... more
07/16/2022
Analysis
Updated: DELETED - Spruce Ridge Resources Ltd
Spruce Ridge Resources is a project generator focused in Canada. They are focusing on their Great Burnt (10,000 acres) property in Newfoundland. It has both a copper and gold discovery that they are drilling, but it is very small with only 4 years @ 4,000 more
07/15/2022
Analysis
Updated: Cartier Resources Inc
Cartier Resources is a project generator focusing in Quebec. They have a significant project (Chimo) that has 2 million oz (3 gpt). They want to grow the Chimo resource to 3 million oz by the end of 2023. They own 7 properties and are in the process of... more
07/15/2022
Analysis
Updated: Tier One Silver Inc
Tier One Silver is a new project generator focused in Peru. They have 5 properties that are all early exploration. They are focusing on Curibaya (40,000 arcres), for a second round of drilling 2022. They had good drill results in 2021, and believe there... more
07/15/2022
Analysis
Updated: Silver Dollar Resources Inc
Silver Dollar Resources is a new company formed in 2020. They recently acquired a silver property (La Joya) from First Majestic Silver, who received about 20% of Silver Dollar. They have a $17 million FD market cap, but this is an 80 million oz (30 gpt)... more
07/15/2022
Analysis
Updated: Sokoman Minerals Corp
Sokoman Minerals has several gold properties in Newfoundland, Canada. Investors were excited about 2018 drill holes at their Moosehead property (17 meters at 11 gpt and 16 meters at 14 gpt). Moosehead looks like a mine, but it is still early exploration.... more
07/15/2022
Analysis
Updated: Harfang Exploration Inc
Hargang Exploration is a project explorer focused in Canada. They have 8 properties in the James Bay region of Quebec, as well as projects in Nunavut (Lake Fagnant) and Ontario (Lake d'Argent), all are early exploration and most are gold projects. The... more
07/15/2022
Analysis
Updated: GR Silver Mining Ltd
GR Silver Mining (previously Goldplay Exploration) is a new company. They have several early exploration projects in Mexico. Their La Trinidad project has 250,000 acres. All of their properties are close together. They are focusing on San Marcial (25,000 more
07/13/2022
Interview
Don Interview on Palisades Radio
https://youtu.be/l2qUrPT7YzA more
07/10/2022
Analysis
Updated: MetalsTech Ltd
MetalsTech Ltd is trying to re-start a gold mine in Eastern Europe (Slovakia). The Sturec property (2300 acres) is a large 1.5 million oz (1.2 gpt) deposit that is growing in size. However, it is only 1 kilometer from a town. They won’t be able to... more
07/09/2022
Analysis
Updated: AXMIN Inc
Axmin Inc. is trying to build a gold mine in CAR (Central African Republic). They have a large 3 million oz (2 gpt) surface project called Passendro which should be very profitable (the oxide reserves *alone* contains ~1M ounces in @ 2 g/t). The problem... more
07/09/2022
Analysis
Updated: Minera Alamos Inc
Minera Alamos is advancing three gold projects (Santana, La Fortuna, and Cerro De Oro) in Mexico to production. Santana went first, with a small $7 million capex. They hope to mine 25,000 oz to 50,000 oz annually, but currently have a small resource.... more
07/09/2022
Analysis
Updated: Euromax Resources Ltd
Euromax Resource was trying to advance a gold project in Macedonia. Everything looked great and then suddenly they could not get the mining permit. Currently they are in court, but looks like the best outcome is a financial settlement. They have debt... more
07/08/2022
Analysis
Updated: Rockfire Resources
Rockfire Resources is a London-based exploration company with 4 projects in Australia and 1 in Greece. They have a lot of land (250,000 acres) in Australia, but no significant discoveries. This is why it has a tiny FD market cap of $5M.
Plateau is... more
07/08/2022
Analysis
Updated: Opawica Explorations Inc
Opawica Exploration is a project generator focused in Canada. They have three properties in the Quebec, one in Ontario and multiple properties in Newfoundland, All are early exploration.
Their Bazooka property (3,000 acres in Quebec) is in a... more
07/06/2022
Analysis
Updated: First Majestic Silver Corp
First Majestic Silver is a large silver/gold producer in Mexico and Nevada. Until recently they were a very strong company with a clean balance sheet and low costs. Now they have $183 million in debt and their costs are no longer low, although they do... more
07/05/2022
Analysis
Updated: St Barbara Ltd
St. Barbara is a mid-tier gold producer based in Australia. They have three producing mines. Leonora in Australia at 180,000 oz, Simberi in Papua New Guinea at 30,000 oz, and Atlantic in Canada (60,000 oz). All-in costs (breakeven) are around $1700 per... more
07/05/2022
Analysis
Updated: Gogold Resources
GoGold Resources (they also call themselves GoGold Silver & Gold as a tagline on their website) is a silver producer in Mexico. They will produce 2 million oz of silver equivalent (including gold) in 2022 with all-in costs of around $16 per oz (free cash... more
07/05/2022
Analysis
Updated: DELETE - Osino Resources
Osino Resources is developing its first mine (Twin Hills) in Namibia (South Africa). It is on a large property with many drill targets. The deposit is 3 million oz (1 gpt) and growing in size.
They completed a PEA in 2021. The capex is $200M, which... more
07/04/2022
Analysis
Updated: Unigold Inc
Unigold Inc has a large gold discovery in the Dominican Republic. Their Neita property (50,000 acres) is approaching late stage development. They have already found 2.1 million oz (inferred) and have 25 more targets. It is both an open pit (2 million oz... more
07/04/2022
Analysis
Updated: Citigold Corp Ltd
Citigold has 50 bagger potential at higher gold prices. They (claim to) have 14 million oz of gold at 14 gpt (nearly all inferred). Plus, they think they can find more ounces on their flagship Charters Towers mine in Australia. It is a past producing... more
07/03/2022
Analysis
Updated: Silver X Mining
Silver X Mining (previously Oro X Mining) recently acquired a silver producing mine (Nueva Recuperada) in Peru. It has 150 million oz of AGEQ (75 million oz of AG at 120 gpt) and they are producing about 1 million oz of AGEQ. They are giving guidance to... more
07/03/2022
Analysis
Updated: Radius Gold Inc
Radius Gold is a project generator with early exploration projects in Guatemala and Mexico. They sold their advanced projects for $20 million in 2012 and started over. They appear to have found a potential mine in Mexico (Amalia), in which Pan American... more
07/03/2022
Analysis
Updated: Novo Resources Corp
Novo Resources exploded in value based on a potential large discovery in Western Australia (Pilbara region). However, its high valuation was based on a theory. The theory is that they can mine a very thin layer near the surface called conglomerate. This... more
07/03/2022
Analysis
Updated: US Gold Corp
US Gold Corp is developing a large gold/copper project in Wyoming (CK Project). It has 1.4 million oz (.4 gpt AU) AUEQ (including 400 million lbs of copper). They plan to mine 100,000 oz of AUEQ (including copper) for 12 years. The capex is $220 million... more
07/03/2022
Analysis
Updated: Euro Sun Mining Inc
Euro Sun Mining (formerly Carpathian Gold) was a mid-tier producer in Brazil with a huge debt load. In 2015, they were able to make a deal to sell the project for the amount of debt ($177 million). Now they are debt free with a large gold/copper project... more
07/03/2022
Analysis
Updated: Spanish Mountain Gold Ltd
Spanish Mountain Gold has a large open-pit gold project in Canada (British Columbia). In 2021, they released a pre-feasibility, which increased the capex to $460 million, decreased cash costs to $550 (for the first 10 years), and decreased their after-tax more
07/02/2022
Analysis
Updated: Bayhorse Silver Inc
Bayhorse Silver (formerly Kent Exploration) is a near-term silver producer in Oregon (Bayhorse). It is a small resource (6 million oz), but high-grade (20 opt). They plan to begin production at 600,000 oz annually. That could increase to 1 – 1.5... more
07/02/2022
Analysis
Updated: Strikepoint Gold Inc
Strikepoint Gold is a project explorer focused in Canada. They have 22 properties in the Yukon on 700,000 acres. All they had to pay was 10 million shares to IDM Mining (now owned by Skeena Resources). They also have two early exploration projects in... more
07/01/2022
General
June 2022 Newsletter Posted
June 2022 Newsletter Posted. more
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