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Golden Reign Resources Ltd. are a gold focused junior near-term producer with one mine in development in Nicaragua and one exploration property. They have approximately 0.7Moz. of gold in the reserves and resources category of which 0.2Moz. are in the measured and indicated category. They have a market capitalisation of ~C$36.02M which is a fall of roughly 6% over the last two months. As of 01/06/2018 they have no debt and ~C$3.08M cash. They have 192M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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High grade discovery in Nicaragua (San Albino).
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Yr Stock Price High ($)
Stock Price Change From 1 Yr High (%)
Stock Price USA 5-Year High ($) (including date)
$1.49 - 4/21/2011
Stock Price USA 5-Year Low ($) (including date)
5 Cents - 8/13/2015
Appear to have a good team.
Local Issues (wag)
Nicaragua is a good place to mine.
100%, but streaming deal on 850 acres.
Country of Incorporation
3 gold properties. Large land holdings (30,000 acres).
10 gpt silver at San Albino. About 1 million oz.
They will get $700 per oz for 40% of production until $20 million paid, then 20% at $700 per oz for LOM (life of mine) for this deposit on 800 acres.
Shareholder Friendly (wag)
Becoming diluted. Nearly doubled their shares from 2012 to 2013. However, they are financed through production.
San Albino is a potential flagship property.
Ore Grade (wag)
Avg of about 7 gpt
20 meters @ 8 gpt
2/23/2016: Decreased rating from 3.5 to 3 because of the streaming deal.
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