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08/30/2024
Analysis
Updated: Hammer Metals Ltd
Hammer Metals is a project generator focused on Australia. They have two large properties, with Mt Isa being their flagship project. Mt Isa has a substantial land package, spanning 500,000 acres, and is located in a favorable area in Queensland. However,... more
08/30/2024
Analysis
Updated: Gold Reserve Inc
Gold Reserve Inc had been on hold since April 2008, when their mining license was revoked on their Brisas project by Venezuela. In 2014, they were awarded $740 million by an arbitration court. With interest, it is up to $900M.
The US courts are... more
08/29/2024
Analysis
Updated: Thor Explorations Ltd
Thor Exploration began producing gold in Nigeria in 2021. The Segilola project (6,500 acres) is a 500,000 oz open pit deposit (4 gpt) with also an underground mine. The open pit only has a 5-year mine life, and they plan to mine about 350,000 oz. The... more
08/29/2024
Analysis
Updated: DRDGOLD Ltd
DRDGOLD is a mid-tier producer in South Africa. They used to be mine producer, but are currently only mining tailing. It's a 11M oz tailings stockpile, but only 52% recovery. They mine about 165,000 oz a year. They plan to increase production,... more
08/29/2024
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 3 cents. Pardo is still early exploration, but a large property (48,000 acres)... more
08/29/2024
Analysis
Updated: Idaho Strategic Resources Inc
Idaho Strategic Resources (formerly New Jersey Mining) is a small gold producer in Idaho. Their Golden Chest deposit is 400,000 oz at 1.5 to 3 gpt. They are currently mining both open pit and underground, although only about 15,000 oz. They have enough... more
08/28/2024
Analysis
Updated: Founders Metals Inc
Founders Metals is a project generator (founded in 2022). They have a single project (Antino) in South America (Suriname). They have a 75% option by paying $4M over 5 years. Antino has already had over 50,000 meters of drilling with a lot of excellent... more
08/27/2024
Analysis
Updated: Soma Gold Corp
Soma Gold (formerly Para Resources) is a small gold producer in Colombia. Their El Bagre property has several deposits (La Ye, Cordero, Mangos, Nechi). The mill is 450 tpd and is producing about 35,000 oz annually with all-in costs of around $1700 per oz. more
08/27/2024
Analysis
Updated: Entree Resources Ltd
Entree Gold is a project generator (I have them listed as a Late Stage Developer to identify their future value) with a large copper/gold project. The Oyu Tolgoi project in Mongolia is one of the largest in the world, with 22 billion lbs of copper and 20... more
08/25/2024
Analysis
Updated: Sirios Resources Inc
Sirios Resources is a project generator focused on Quebec, Canada. Their flagship project is the Cheechoo open-pit project, which contains 1.4 million ounces in the indicated category (at 0.94 gpt) and 0.5 million ounces in the inferred category (at 0.73... more
08/25/2024
Analysis
Updated: Gold Fields Ltd
Gold Fields is a major with a global footprint. They currently produce 2.1 million oz per year, making them the 7th largest gold producer. They have 8 operating properties with 12% of production in South Africa, 48% in Australia, 31% in West Africa (Ghana more
08/23/2024
Analysis
Updated: PTX Metals Inc
PTX Metals (formerly Platinex Inc.) is a project generator focused on Canada. They currently manage four early-stage exploration projects in Ontario through a JV with Fancamp Exploration, under a subsidiary named South Timmins Mining Inc. They hold a 75%... more
08/23/2024
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 feasibility study. The... more
08/23/2024
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 PFS that shows a 25-year mine life at 365,000 annual gold production. With the copper... more
08/22/2024
Analysis
Updated: Riversgold Ltd
Riversgold Ltd is a project generator focused in Western Australia. They have four gold projects in Australia, plus a uranium (Onslow South) and iron ore project (Wodgina).
They are currently focusing on their Northern Zone project (80% JV), which is... more
08/21/2024
Analysis
Updated: Enduro Metals
Enduro Metals (formerly Crystal Lake Mining) is a project generator focused in Canada. They have a large property (Newmont Lake at 150,000 acres) in the Golden Triangle of British Columbia. It's in a good neighborhood with a lot of potential.
They... more
08/21/2024
Analysis
Updated: Prismo Metals Inc
Prismo Metals is a project generator with a focus on Mexico. They hold a small silver project, Palos Verdes, which is adjacent to Vizsla's large discovery (Vizsla owns 9.9% of Prismo's shares). They also have a gold project, Los Pavitos, spanning 12,500... more
08/21/2024
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
08/21/2024
Analysis
Updated: Grande Portage Resources Ltd
Grande Portage Resources has a high-grade gold discovery (Herbert) in Alaska. It's a 2 million oz resource (9 gpt) and is growing in size. If they can increase the size of the resource to 2.5 million oz, they should do well. This is currently their only... more
08/20/2024
Analysis
Updated: Black Cat Syndicate Ltd
Black Cat Syndicate is advancing three gold projects in Western Australia to production. Their starter mine (Paulsens) is funded to begin production in Q4 2024 at around 50K oz a year (after ramp up). The capex was low ($28 million) and was funded with... more
08/19/2024
Analysis
Updated: Metals Exploration Plc
Metals Exploration is a gold producer in the Philippines. Their Runruno project has only 450,000 oz (1 gpt) of reserves. They plan to produce around 80,000 oz for 4 or 5 more years. They think they can extend it a few years, but not likely at 80,000 oz.... more
08/18/2024
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. The company presentation on their website is from 2020. They are low on cash and raised $1M in... more
08/18/2024
Analysis
Updated: Scottie Resources
Scottie Resources (previously Rotation Minerals) is a project generator focusing on gold exploration in the Golden Triangle in British Columbia. They have 7 properties (Scottie, Black Hills, Summit Lake, Ruby, Bitter Creek, Bow, Stock). Scottie is a past... more
08/17/2024
Analysis
Updated: Centerra Gold Inc
Centerra Gold was a Canadian-based major. In 2020, they lost their flagship project (Kumtor) in Kyrgyzstan. It was producing 500,000 oz at low costs. They are in arbitration trying to recover some value for Kumtor.
But Kumtor was not all they had.... more
08/17/2024
Analysis
Updated: Investigator Resources Ltd
Investigator Resources is advancing a silver discovery (Paris) in Australia. It is already a 57 million oz resource (72 gpt) at surface, although with a 75% recovery rates, that is only 45M oz. They have a PFS to mine 4 million oz a year for 7 years.... more
08/17/2024
Analysis
Updated: Centerra Gold Inc
Centerra Gold is a large mid-tier producer based in Canada. In 2020, they lost their flagship project (Kumtor) in Kyrgyzstan. It was producing 500,000 oz at low costs. They are in arbitration trying to recover some value for Kumtor. I was never... more
08/17/2024
Analysis
Updated: O3 Mining Inc
O3 Mining was formed in 2019 by Osisko Mining using their non-core assets. I thought they were an exploration company, but they recently optioned a 1400 tpd mill near Alpha. Plus, they gave guidance that they will initiate a DFS for Marban in 2024. They... more
08/16/2024
Analysis
Updated: NeXGold Mining Corp
NexGold Mining (previously Treasury Metals) is advancing a gold project (Goliath-Goldlund) in Ontario, Canada. It is both an open pit and an underground project. It has two main deposits (Goliath and Goldlund). Their combined resources is around 3... more
08/16/2024
Analysis
Updated: Santacruz Silver Mining Ltd
Santacruz Silver Mining is a silver and base metals producer in Mexico and Bolivia. Their Mexico mine (Zimapan) has a short mine life and could stop production in 2025. It currently produces around 1.5M oz AG (3M AGEQ), with an AISC around $20, and a... more
08/15/2024
Analysis
Updated: Westgold Resources Ltd
Westgold Resources is a mid-tier producer in Western Australia. The merged with Karora Resources in 2024 as a merger of equals. This created a company with 13M oz of resources, 400K oz of production, 4 development projects, and 5 potential restart... more
08/14/2024
Analysis
Updated: Amarc Resources Ltd
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). They had a gold project in British Columbia (Newton with a 1.5 million oz low grade resource) which they sold at the end of 2020. Currently... more
08/14/2024
Analysis
Updated: Triple Flag Precious Metals Corp
Triple Flag is a newer precious metal royalty company. They already have 236royalties, including 32 producing royalties. Their guidance for 2024 is 100-115k oz with an average of 140k oz from 2024-2028. They recently raised their dividend to $0.22/share.... more
08/14/2024
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 25 NSRs, but only the Ermitano (owned... more
08/14/2024
Analysis
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines (ITHM) has a monster project (Livengood) in Alaska with 13 million oz (.6 gpt) with an 80% recovery rate. It has a pre-feasibility study (2021) with a $2 billion capex to produce 350,000 oz for 23 years (8 million oz). Cash costs... more
08/14/2024
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
08/13/2024
Interview
Don Interviewed on WallStForMainSt
https://youtu.be/hu3hIqompZs?si=c8D7XPmb4YL8pj3S more
08/13/2024
Interview
Don Interviewed by Charlotte McCleod
https://youtu.be/SXDFax_f9Xs?si=NrmJd6GFm-YB6zYI more
08/13/2024
Analysis
Updated: Stavely Minerals Ltd
Stavely Minerals is mostly a copper exploration company. They have two large copper/gold properties (Stavely & Ararat, ) in Western Victoria, and a new Ni-Cu-Co project in WA. Their main focus is the Stavely project in which they have had good drill... more
08/13/2024
Analysis
Updated: Sun Summit Minerals
Sun Summit Minerals (previously San Marco Resources) is a project generator focused in Canada. They have two projects in British Columbia. Buck on 125,000 acres and then JD. Buck has good historic drill results, plus they have had good recent results... more
08/12/2024
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 at... more
08/11/2024
Analysis
Updated: Leocor Gold Inc
Leocor Gold is a project generator focused in Canada. They have 2 early exploration projects in Newfoundland (Baie Vert and Western Exploit). Western Exploits has three large properties. These are Roberts Arm (100,000 acres), Leamington (150,000 acres),... more
08/10/2024
Analysis
Updated: GoldON Resources Ltd
GoldOn Resources is a project generator focused in Canada. They have 8 properties in the Red Lake district in Ontario. Several of their properties are large and in good locations. Currently, they are still doing preliminary work on their most recent... more
08/09/2024
Analysis
Updated: CopAur Minerals Inc
CopAur Minerals is a project generator with a gold discovery at their Williams property in British Columbia (17,000 acres). The most significant drill hole encountered 50 meters of 2.2 g/t gold at a shallow depth, indicating the potential for a... more
08/09/2024
Analysis
Updated: JZR Gold Inc
JZR Gold (formerly Jazz Resources) is advancing a small tailings project in Brazil. The deposit contains 700,000 ounces at a grade of 2.7 g/t, but they only own 50% of it so the cash flow will be limited. To fund the operations of the fully constructed... more
08/09/2024
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 around $600 per oz, with all-in costs around $1200 per oz.... more
08/09/2024
Analysis
Added: Rua Gold Inc
Rua Gold was formed in 2024. It has a strong exploration team and is in a good neighborhood in New Zealand. Both of their properties are in mining districts with strong past success and current producing mines. They are using the strategy of exploring... more
08/06/2024
Analysis
Added: South Pacific Metals Corp
South Pacific Metals is an exploration company focused in Papua New Guinea. They have 4 large early exploration properties. All are 100% owned. They don't have a significant discovery yet, although one of their properties has an inferred resources of... more
08/05/2024
Analysis
Updated: Wolfden Resources Corp
Wolfden Resources has a polymetallic deposit named Picket Mountain in Maine, containing zinc, copper, lead, gold, and silver. This high-grade polymetallic deposit holds an in value of $500 per ton (for 150 million oz AgEq). Their rezoning application was... more
08/05/2024
Analysis
Updated: Austin Gold Corp
Austin Gold is a new company that was formed in 2022. The team behind it comes from Silver Standard and Pretium Resources, the latter of which was acquired by Newcrest for US$2.25 billion. They have two early exploration projects in Nevada: Kelly Creek... more
08/04/2024
Analysis
Added: Ramp Metals Inc
Ramp Metals is a project generator focused North America. They are focused on their Rottenstone project in Saskatchewan (80,000 acres), where they had a large discovery hole (7.5 meters at 73 gpt AU, plus 19 gpt AG) in 2024. If the get a followup hole,... more
08/03/2024
Analysis
Updated: Indiana Resources Ltd
Indiana Resources is a project generator focused in Australia. They have 4 properties in Australia at various stages. They have been drilling two of the projects, and one project has historic drill holes, but hasn't been worked on in the past twenty... more
08/03/2024
Analysis
Updated: Callinex Mines Inc
Callinex Mines is a project generator focused in Canada. They are really a copper & 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... more
08/03/2024
Analysis
Updated: Freeman Gold Corp
Freeman Gold is advancing an open-pit gold project called Lemhi in Idaho, covering 7500 acres. In 2020, they released a resource estimate which indicated 750k ounces of oxide gold at 1 g/t. Later, in 2023, the estimate increased to 1M ounces M&I, but... more
08/03/2024
Analysis
Updated: Mako Gold Ltd
Mako Gold is a new exploration company focused on West Africa. They have one early exploration gold project, Napie, in Côte d'Ivoire, which is a significant discovery with excellent recent drill holes. It has a substantial target area with a 15-mile... more
08/02/2024
Analysis
Updated: Spearmint Resources Inc
Spearmint Resources has two early exploration gold projects: one in Nevada (Clayton Ridge) and another in Quebec (Perron - East). They conducted drilling in 2022 but did not discover any gold. The rest of their projects are focused on Lithium and... more
08/01/2024
General
July 2024 Newsletter Posted
July 2024 Newsletter Posted. more
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