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News from August 2022

08/13/2022
Analysis  
Updated: Gossan Resources Ltd
Gossan Resources is a project generator focused in Canada. Their main project is Gander (25,000 acres) in Newfoundland. They recently raised $880,000 to do an airborne magnetic survey across the entire property, they expect results to assist in planning...  more
08/13/2022
Analysis  
Updated: Gold Fields Ltd
Gold Fields is a major with a global footprint. They currently produce 2.3 million oz per year, making them the 7th largest gold producer. They have 9 operating properties with 10% of production in South Africa, 40% in Australia, 35% in West Africa, and...  more
08/12/2022
Analysis  
Updated: Newrange Gold Corp
Newrange Gold (previously Colombian Mines) is a project generator. They are now focusing on a gold discovery in Nevada (Pamlico). It is a 6,300 acre property with several targets. They have only drilled about 50 holes, but have a discovery (76 meters at...  more
08/12/2022
Analysis  
Updated: Chesser Resources Ltd
Chesser Resources is an Australian-based gold developer focused in West Africa (Senegal). Their Diamba Sud project is a mine in the making. It is currently 700,000 oz (1.6 gpt), but is growing in size and likely at least 1 million oz. It is a shallow...  more
08/12/2022
Analysis  
Updated: Bluestone Resources Inc
Bluestone Resources acquired the Cerro Blanco project from Goldcorp in 2017. Originally, it was going to be a high-grade underground mine. However, Bluestone has decided to do a 3 million oz (1.5 gpt) open pit. They recently did a PEA and the capex...  more
08/11/2022
Analysis  
Updated: O3 Mining Inc
O3 Mining was formed in 2019 by Osisko Mining who acquired Chantrell Ventures, Alexandria Minerals, and two properties from Chalice Gold. Plus, Osisko Mining included some of their non-core assets. I thought they were an exploration company, but they...  more
08/11/2022
Analysis  
Updated: Liberty Gold
Liberty Gold (formerly Pilot Gold) was formed from Fronteer Gold and True Gold's management team. The CEO is Mark O'Dea. He has sold his last two projects, including True Gold. It was recently valued with an FD market cap of $486 million based on their...  more
08/10/2022
Analysis  
Added: Jazz Resources Inc
Jazz Resources is advancing a small tailing project in Brazil. It is a 700,000 oz (2.7 gpt) deposit, but they only own 50%. They are building a mill to produce 30,0000 oz a year, and they will receive half. So, the cash flow will be low. Perhaps this...  more
08/10/2022
Analysis  
Added: Austin Gold Corp
Austin Gold is a new company formed in 2022. I'm not sure if they are a project generator or a development company. They seem to have a strong team and investors have valued them at $25 million without a discovery. They have four early exploration...  more
08/09/2022
Analysis  
Added: Indiana Resources Ltd
Indiana Resources is a project generator focused in Australia. They have a large property (over 1 million acres) in Western Australia called the Gawler-Craton project. They have a discovery deposit (Minos) with some good holes (21 meters at 8 gpt, 35...  more
08/08/2022
Analysis  
Updated: Minco Silver Corp
Minco Silver is highly undervalued. They have a large high-grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6 opt and is near surface. Thus, it will be a low cost ($6 per oz cash costs) / high-profit mine. The cash flow...  more
08/08/2022
Analysis  
Updated: Lumina Gold Corp
Lumina Gold (previously Odin Mining) has a large gold/copper project in Ecuador. Cangrejos has 16 million oz (.5 gpt) of gold and 2 billion lbs of copper. They did a PEA that shows a 25-year mine life at 365,000 annual gold production. With the copper...  more
08/07/2022
Analysis  
Updated: Sirios Resources Inc
Sirios Resources is a project generator with a focus on Quebec, Canada. They have a large open-pit with their Cheechoo project (2 million oz at .65 gpt). They originally planned to release a PEA in 2021 and a pre-feasibility study in 2023, but they're...  more
08/07/2022
Analysis  
Updated: Stavely Minerals Ltd
Stavely Minerals is mostly a copper exploration company. They have several large copper/gold properties (Stavely, Ravenswood, Ararat, Yarram Park) in Western Victoria, which is a hot spot at the moment. They have had good drill results at Stavely (Thursda  more
08/07/2022
Analysis  
Updated: Riversgold Ltd
Riversgold Ltd is a new project generator that formed in 2017. They have two projects in south and western Australia, both of them are early exploration with very little drilling. The Kurnalpi Project looks the most exciting one with about 10 target...  more
08/07/2022
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 (.68 gpt AU) AUEQ (including ~250 million lbs of copper) of proven and probable resources. They plan to mine almost 110,000 oz of AUEQ for 12 years. The...  more
08/07/2022
Analysis  
Updated: Inventus Mining Corp
Inventus Mining appears to have a gold discovery (Pardo) in Ontario, Canada. Their stock jumped from 3 cents a share to 35 cents after the discovery in 2013. Now it's back to 10 cents. Pardo is still early exploration, but a large property (48,000 acres)...  more
08/07/2022
Analysis  
Updated: Amarc Resources Ltd
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). Currently they focus on 4 early exploration copper and copper/gold projects (Ike, Joy, Greater Empress and Duke). Expect share dilution as...  more
08/07/2022
Analysis  
Updated: East Africa Metals Inc
East Africa Metals is a project generator. They arose from a spin-out from Canaco Resources in 2012. They have three large resources in Tanzania and Ethiopia. They are producing gold, but haven't had many news updates since the end of 2021. They are low...  more
08/07/2022
Analysis  
Updated: Orogen Royalties Inc
Orogen Royalties is a project generator, but calls themselves an Organic Royalty Generator. It was created in 2020 from the combination of two exploration companies (Evrim Resources and Renaissance Gold). They have 14 NSRs, but only the Ermitano (owned...  more
08/07/2022
Analysis  
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines (ITHM) has a monster project (Livengood) in Alaska with 16 million oz (.6 gpt) with an 80% recovery rate. It has a pre-feasibility study with a $1.8 billion capex to produce 350,000 oz for 23 years (8 million oz). Cash costs are...  more
08/07/2022
Analysis  
Updated: ECR Minerals Plc
ECR Minerals has three early exploration gold projects in Australia that look interesting. They are located in the Victoria district that has produced 80 million oz of high-grade gold. They own 100% of two gold exploration project, the Bailieston &...  more
08/06/2022
Analysis  
Updated: Mako Gold Ltd
Mako Gold is a new exploration company focused in West Africa. They have 2 early exploration properties. Napie in Cote d'Ivorie is a significant discovery with excellent recent drill holes. It has a substantial target area with a 15-mile strike. They are...  more
08/06/2022
Analysis  
Updated: RosCan Gold Corp
RosCan Gold is a project generator in West Africa. They have one large property (Kandiole) in Mali. It's on 100,000 acres with a lot of discoveries. They started drilling in 2018 and have found at least 6 discoveries that they are drilling. The recent...  more
08/06/2022
Analysis  
Updated: Aurwest Resources Corp
Aurwest Resources is a project generator focused in Canada. They have four properties (Paradise Lake, Stony Caldera, Miguels Lake, Pistol Lake) in Newfoundland on 100,000 acres. Plus, two properties in British Columbia; Stellar which has a porphyry...  more
08/06/2022
Analysis  
Updated: Hanstone Gold Corp
Hanstone Gold is a new project generator (formed in 2020) focused in Canada. They have two properties (DOC and Snip North) in the Golden Triangle of British Columbia. Both are early exploration and large properties (5,000 acres and 7,500 acres)....  more
08/06/2022
Analysis  
Updated: TRU Precious Metals Corp
TRU Precious Metals is a project generator focused in Canada. They have 5 early exploration projects in Newfoundland. They are as follows: Golden Rose (52,000 acres), Twilite (4,000 acres), Gander West (7,500 acres), Stony Lake (6,500 acres), Staghorn (65  more
08/06/2022
Analysis  
Updated: Victoria Gold Corp
Victoria Gold is a mid-tier producer in Canada. Their Eagle Gold project began production in 2019. It is a 5 million oz resource (.7 gpt) the Yukon. It is has a 75% recovery rate, so the actual resource is about 3.5 million oz, which is still large. It...  more
08/05/2022
Analysis  
Updated: Spearmint Resources Inc
Spearmint Resources has 8 early exploration gold projects in Canada. Several of them are in the golden triangle (including Hammernose) and in Quebec (Perron - East). They started drilling their Newfoundland project in August 2022. They do not have a...  more
08/05/2022
Analysis  
Updated: Freeman Gold Corp
Freeman Gold is advancing an open-pit gold project (Lemhi) in Idaho (7500 acres). It has 350 historic holes (from the 1990s), but the grade and size is unknown. They were awarded mining water rights in June 2020, and uplifted to the OTCQX in March 2022....  more
08/05/2022
Analysis  
Updated: Callinex Mines Inc
Callinex Mines is a project generator focused in Canada. They are really a zinc exploration company with 4 zinc projects totalling 2.6 billion lbs of zinc eq. They might even be a development company, with guidance of production at their Nash Creek (New...  more
08/04/2022
Analysis  
Updated: Toubani Resources Inc
Toubani Resources (formerly African Gold Group) has a late-stage project in southern Mali. Koboda already is a 2 million resource at 0.86 gpt, and could get much bigger. The capex is $136 million, with an after-tax IRR around 30% at $1300 gold and NPV at...  more
08/02/2022
Analysis  
Updated: Treasury Metals Inc
Treasury Metals has an advanced gold project (Goliath) in Ontario, Canada. It is an open pit (800,000 oz at 2.5 gpt) and underground (700,000 oz) mine. They released a PEA in 2017 for a capex of $100 million to build the open pit and mill. It required an...  more
08/01/2022
Analysis  
Updated: Dundee Precious Metals Inc
Dundee Precious Metals is a mid-tier producer. They have two producing gold mines in Bulgaria. Chelopech at 160,000 oz, with significant offsets in silver, copper, and zinc. Cash costs are under $600 per oz, with all-in costs around $950 per oz....  more
08/01/2022
General  
July 2022 Newsletter Posted
July 2022 Newsletter Posted.  more


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