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12/20/2024
Analysis
Updated: Mako Mining Corp
Mako Mining (formerly Golden Reign Resources) is small high-grade gold producer in Nicaragua. They have two producing mines. San Albino is a 10 gpt open pit and 15 gpt underground mine. Las Conchitas is a 10 gpt open pit.
Their combine resources in... more
12/20/2024
Analysis
Updated: Independence Gold Corp
Independence Gold is a project generator focused in Canada. Their share has been trending due to high-grade drill results on their 3Ts project (12,000 acres) in British Columbia. The deposit is 520,000 oz AU (3.6 gpt), plus 14 million oz of silver (90... more
12/19/2024
Interview
Don Interviewed on CapitalCosm
Don Interviewed on CapitalCosm more
12/17/2024
Analysis
Added: Taranis Resources Inc
Taranis Resources is a project generator (and potential developer) focused in Canada. They are drilling a discovery (Thor) in British Columbia. It is currently a small deposit with 17,000 tons, but it growing in size. It is polymetallic with 140 gpt AG, . more
12/17/2024
Analysis
Updated: Goldgroup Mining Inc
Goldgroup Mining is a small gold producer in Mexico. Cerro Prieto (10,000 acres) is low-grade open pit project. They produced 10,000 oz in 2024, but lost money last Qtr when gold prices were above $2600. Resources are only around 150,000 oz (.8 gpt). It... more
12/16/2024
Analysis
Added: ONGold Resources Ltd
OnGold Resources is a new exploration company formed in 2024. It appears to be a spin-out of Northern Superior, who owns 60%. The other large shareholder is Agnico-Eagle with 15%. So, it's tightly held, with only 61M FD shares outstanding. However, they... more
12/15/2024
Analysis
Added: Silver47 Exploration Corp
Silver47 Exploration is a new company formed in 2023. They acquired the Red Mountain polymetallic project in Alaska (150,000 acres). It has a 170M oz 300 gpt AGEQ deposit, although only about 25% of the revenue will be from gold/silver (36M oz AG at 70... more
12/15/2024
Analysis
Added: Silver47 Exploration Corp
Silver47 Exploration is a new company formed in 2023. They acquired the Red Mountain polymetallic project in Alaska (150,000 acres). It has a 170M oz 300 gpt AGEQ deposit, although only about 25% of the revenue will be from gold/silver (36M oz AG at 70... more
12/15/2024
Analysis
Updated: Transatlantic Mining
Transatlantic Mining (formerly Archean Star Resources) has 3 small past-producing mines in Montana and Idaho. In 2020, they sold Their US Grant project in Montana which required $2 million option payments for 100% ownership, as well as their Kearsarge... more
12/14/2024
Analysis
Updated: Garibaldi Resources Corp
Garibaldi Resources is a project generator. In 2017, they discovered a large boulder field at their E&L Nickel Mountain property in the Golden Triangle (British Columbia), with strong sulphide mineralization that extended approximately 1.3 km downslope... more
12/14/2024
Analysis
Added: Stillwater Critical Minerals Corp
Stillwater Critical Minerals is an exploration company focused on PGEs (platinum group elements) in North America. They have a large discovery in Montana (Stillwater West) that has 2M oz of AUEQ, including the following:
Platinum: 2M oz.
Paladium: 1.2 more
12/14/2024
Analysis
Added: Panthera Resources Plc
Panthera Resources is a gold developer focused in West Africa and based in London. They have 3 projects in West Africa. Bassala-Cascades in Burkina Faso is a gold discovery with a 600,000 oz (1.5 gpt) gold deposit that is growing in size.
They are... more
12/13/2024
Analysis
Updated: Riverside Resources Inc
Riverside Resources is a project generator focused on gold exploration, primarily operating in Canada and Mexico. They have been divesting non-core assets while recently acquiring additional gold properties and a REE project called Ravel, which forms... more
12/13/2024
Analysis
Updated: Yandal Resources Ltd
Yandal Resources is a project generator focused in Western Australia. They have four projects that are all being drilled, along with 470,000 oz of resources. They don't seem to have a flagship project and are looking for one. The Siona deposit at... more
12/13/2024
Analysis
Updated: Equity Metals Corp
Equity Metals is a project generator focused in Canada. They have a silver and gold project (plus base metal offsets) in British Columbia (Silver Queen). It has 30 million (180 gpt) silver and 85 million oz of AGEQ (450 gpt). The offsets include copper,... more
12/09/2024
Analysis
Updated: Minnova Corp
Minnova Corp (formerly Auriga Gold) is a potential producer if they can get financing. They need to raise $30 million to begin production approximately 18 months later. Minnova wants to begin production on their PL property (5,000 acres) in Manitoba,... more
12/09/2024
Analysis
Updated: Osisko Gold Royalties Ltd
Osisko Gold Royalties is focused mostly on gold royalties. They have over 185 royalties & streams. 2022 Guidance was 90-95k gold equivalent ounces. 2023 guidance was 95-105k gold equivalent ounces. Their margins are 97% and have a market cap over C$5... more
12/08/2024
Analysis
Updated: Dateline Resources Ltd
Dateline Resources is an Australian company operating a gold project in California. The Colosseum project contains 1.1 million ounces of gold (at 1.26 g/t), with additional exposure to rare earth elements. They have completed a PEA for 635,000 ounces... more
12/08/2024
Analysis
Updated: Alamos Gold Inc
Alamos Gold is a major and a growth story. They have acquired 4 companies (including Aurico Gold and Carlisle Goldfields in 2015, plus Richmont Mines in 2017). They now have 24 million oz in resources and are giving guidance to become a 900,000 oz... more
12/08/2024
Analysis
Updated: Mundoro Capital
Mundoro Capital is a royalty generator primarily focused on Eastern Europe. They own several copper properties in Serbia and Bulgaria. Their North and South Timok properties are optioned to three JV partners (with Mundoro retaining 25% of each), who are... more
12/07/2024
Analysis
Updated: Impact Silver Corp
Impact Silver Corp is a small producer (5 small underground mines at 160 gpt). They are one of the few pure silver producers (90% of revenue from silver). They are currently only producing about 600K oz (400 tpd), but that should increase as silver... more
12/07/2024
Analysis
Updated: Lode Gold Resources Inc
Lode Gold Resources (previously Stratabound Minerals) is advancing a large gold project in California. Their Fremont project (3300 acres) is a potential mine, and they are giving guidance that they want to become a gold producer. It is about a 1 million... more
12/06/2024
Analysis
Updated: Delta Resources Ltd
Delta Resources (formerly Golden Hope Mines) is a project generator focused in Canada. They had a potential flagship project (Bellechase) on 45,000 acres. It was in an excellent location and a 43-101 for 400,000 oz at 2 to 3 gpt, but they sold it for $1.7 more
12/06/2024
Analysis
Updated: GFG Resources Inc
GFG Resources is a project generator. They have four gold projects. Their Rattlesnake Hills project in Wyoming appears to be a mine, although there has never been a PEA. There have been 78,000 meters drilled by previous owners (1 million oz), and it is... more
12/06/2024
Analysis
Updated: Irving Resources Inc
Irving Resources was formed in 2015 to explore Japan. They have 2 projects on 33,000 acres on Hokkaido island (Omu & Yamagano).
In 2022 they drilled high grade veins but didn't find a sizable system yet. They are cashed up and have been identifying... more
12/06/2024
Analysis
Updated: Aftermath Silver
Aftermath Silver is a developer with two large silver projects. One in Chile (Challacollo) and the other in Peru (Berenguela). It’s an exciting company that is highly undervalued. The downside is that it is a long-term investment. They won’t be... more
12/06/2024
Analysis
Updated: Aftermath Silver
Aftermath Silver is a developer with two large silver projects. One in Chile (Challacollo) and the other in Peru (Berenguela). It’s an exciting company that is highly undervalued. The downside is that it is a long-term investment. They won’t be... more
12/06/2024
Analysis
Updated: Kingsmen Resources Ltd
Kingsmen Resources (formerly Tumi Resources) is an exploration company focused in Mexico. They have one early exploration silver project (Las Coloradas) on 2000 acres. They owe $2M over 7 years for 100% ownership.
They just completed a private... more
12/06/2024
Analysis
Updated: Labyrinth Resources Ltd
Labyrinth Resources is a new company formed in 2021. They have two early exploration projects in Quebec (Labyrinth and Denain) and one JV in Australia (Comet Vale, in which they own 51%). They also have the Vivien Project in Australia which is a past... more
12/05/2024
Analysis
Updated: Asara Resources Ltd
Asara Resources (formerly Golden Rim Resources) is a project generator focused in West Africa. They have two significant gold discoveries that appear to be potential large mines. Kouri (Burkina Faso) has a 10-mile strike length to explore. The initial... more
12/05/2024
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. They restarted production at Coolgardie in July 2023 at 25K oz a year. In early 2024 production rates were 15% lower than expected so they... more
12/05/2024
Analysis
Updated: Altamira Gold Corp
Altamira Gold (previously Equitas Resources) was trying to become a small gold producer in Brazil. Their Cajuiro project (700,000 oz at .8 gpt) had a low $10 million capex (they have a 700 tpd mill). However, they could not find a financing deal for the... more
12/05/2024
Analysis
Updated: Getchell Gold Corp
Getchell Gold is a project generator focused in Nevada. Fondaway Canyon (8,000 acres) has a 2.3 million oz resource, including a 2 million oz (1.3 gpt) single open pit project. They planned to release a PEA in 2024. That pit will easily be worth $100 per... more
12/04/2024
Analysis
Updated: Winshear Gold
Winshear Gold (previously Helio Resources) is a project generator, with two early exploration projects in Peru (Gaban and Ica). They have a combines 50,000 acres to explore. They have completed over 1,000 surface samples at Gaban from 2019 to 2021. They... more
12/04/2024
Analysis
Updated: Integra Resources
Integra Resources became a gold producer in 2024. They acquired the Florida Canyon gold mine in Nevada for $69M (using shares). It produces 70K oz at around a $1600 AISC with a 3M oz deposit. They are paying $23/oz. Seems like a steal. The downside is... more
12/04/2024
Analysis
Updated: Canadian Gold Corp
Canadian Gold Corp (previously Satori Resources) has a small high grade gold project (Tartan Lake) in Canada. It is a 300,000 oz resource on a past producing mine with a functioning mill. They did not provide guidance on the amount of money required to... more
12/03/2024
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 3.5... more
12/03/2024
Analysis
Updated: Maple Gold Mines Ltd
Maple Gold Mines (previously Aurvista Gold) has a large 3 million oz (1 gpt) resource (Douay-Joutel) in Quebec. In 2020, they announced a 50/50 JV with Agnico-Eagle, who has to spend $18 million over 4 years for their option ($9M spent). Subsequently,... more
12/03/2024
Analysis
Updated: Southern Silver Exploration Corp
Southern Silver Exploration is a project generator with a large silver/zinc project in Mexico. Cerro Las Minitas is 300 million oz at 275 gpt (AGEQ). That includes 125 million oz of silver at 100 gpt and 2 billion lbs of zinc. It's really a silver/zinc/co more
12/02/2024
Analysis
Updated: Steppe Gold Ltd
Steppe Gold is an emerging mid-tier producer in Mongolia. They have an open pit mine (ATO) with 1.7 million oz of gold (1.5 gpt AUEQ). Currently, they are producing 30,000 oz AGEQ with all-in costs (break-even) around $1500 per oz. They plan to expand... more
12/01/2024
Analysis
Updated: Perseus Mining Ltd
Perseus Mining is a large mid-tier producer in West Africa. They will produce about 500,000 oz in 2025 at around $1550 all-in (free cash flow). The majority of that will come from their flagship Yaoure project in Cote d’Ivoire. It is a 3 million oz (1.3 more
12/01/2024
Analysis
Updated: Tajiri Resources Corp
Tajiri Resources is a project generator focused on West Africa and South America. Their Reo project (300,000 acres) in Burkina Faso had an interesting discovery hole: 32 meters at 17 gpt. This was followed by additional promising results, including 12... more
12/01/2024
General
November 2024 Newsletter Posted
November 2024 Newsletter Posted. more
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