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News from July 2014

07/30/2014
Analysis  
Updated: Idm Mining Ltd
IDM Mining recently optioned a project in Canada from Seabridge Gold. Red Mountain is an advanced project with a positive PEA. It is economic with a high IRR, but a short mine life. The cash costs are projected to be under $500 per oz with silver credits.  more
07/29/2014
Analysis  
Updated: Compania De Minas Buenaventura Saa
Buenaventura Mining is large major with production of 1 million oz of gold, 18 million oz of silver, and significant copper and zinc (30% of revenue comes from base metals). They do have a pipeline of 16 projects, but only one under development. They are...  more
07/29/2014
Analysis  
Updated: Eldorado Gold Corp
Eldorado Gold is a major and a strong company with a lot of reserves. They have been a growth oriented company with production increasing from 100,000 oz in 2006 to 750,000 oz in 2012. They have 7 operating mines and 2 more under construction, plus 4...  more
07/28/2014
Analysis  
Updated: Millrock Resources Inc.
As far as project generators go, Millrock Resources is a good one. They are cheap ($10 million fully diluted market cap) and are poised to grow. They already have 8 JVs and this number should increase over time. They have 9 properties in Alaska (which is...  more
07/28/2014
Analysis  
Updated: Pelangio Exploration Inc.
Pelangio Exploration is a relatively new project generator and has three large exploration projects in Ghana (125,000 acres). It looks like they have found a million oz mine (Manfo). The initial resource estimate came out in 2012 at 500,000 oz (1 gpt)....  more
07/27/2014
Analysis  
Updated: Millrock Resources Inc.
As far as project generators go, Millrock Resources is a good one. They are cheap ($10 million fully diluted market cap) and are poised to grow. They already have 8 JVs and this number should increase over time. They have 9 properties in Alaska (which is...  more
07/26/2014
Analysis  
Updated: Kirkland Lake Gold Ltd
Kirkland Lake Gold is a mid-tier producer in Canada. They have one large property (Kirkland Lake) in Ontario on 13,000 acres. It is a 4 million oz resource (16 gpt) that will produce about 125,000 oz in 2014 and 250,000 oz around 2016. Cash costs are...  more
07/26/2014
Analysis  
Updated: Troy Resources Ltd
Troy Resources is a mid-tier producer (my definition). They appear to have a strong management team who is shareholder focused. They pay a dividend which is impressive for a mid-tier producer. They have two solid projects. In Argentina (Casposo) they...  more
07/25/2014
Analysis  
Updated: Rusoro Mining Ltd.
Rusoro Mining had their large gold mine (17 million oz) in Venezuela nationalized in 2012. It looks dire. Their stock price is down to .02 cents, with a FD market cap of $16 million. They have a claim for $3 billion in an international court, but these...  more
07/24/2014
Analysis  
Updated: Kinross Gold Corp.
Kinross Gold is a major with 2.5 million oz of gold production and 5 million oz of silver. Their all-in costs for 2014 are projected to be around $1150 (cash costs per oz around $750). They are currently profitable at $1300 gold. They are a growth...  more
07/24/2014
Analysis  
Updated: Golden Predator Mining Corp
Golden Predator is a player in the Yukon. Personally, I prefer ATAC, Kaminak, and Alexco. However, they have some interesting properties and are very cheap ($4.5 million fully diluted). They recently obtained the Brewery Creek open pit gold project (800,0  more
07/22/2014
Analysis  
Updated: Dundee Precious Metals Inc
Dundee Precious Metals is mid-tier producer. They have two producing gold mines in Bulgaria (Chelopech) and Armenia (Kapan) at 160,000 oz, plus significant offsets in silver, copper, and zinc to make them a moderate cost producer. Cash costs are around $6  more
07/22/2014
Analysis  
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines has a monster project (Livengood) in Alaska with 20 million oz (.5 gpt) with a 80% recovery rate. The intial PEA called for production to begin in 2019 at 550,000 oz per for 23 years (13 million oz). Estimated cash costs were...  more
07/20/2014
Analysis  
Updated: Asante Gold Corp
Asante Gold is a new company with one property in Ghana, West Africa. The property (Fahiakoba) is on 5,000 acres and is located between two large gold mines. The operating Perseus mine is a 6 million oz resource that is only a few miles away and is on...  more
07/20/2014
Analysis  
Updated: Guyana Goldfields Inc.
Guyana Goldfields is an exciting company with upside potential and relatively low risk. This company could be a 5 bagger at higher gold prices and increased production. It was a steal a year ago, but has increased in value from $188 million to a $440...  more
07/20/2014
Analysis  
Updated: IAMGOLD Corp
IAMGOLD is an emerging major. They have 6 operating mines in Suriname (northern South America), Canada (Quebec), Mali, and Burkina Faso. They are currently building a large gold mine in Ontario (Cote with 7 million oz), but growth will be somewhat slow...  more
07/19/2014
Analysis  
Updated: Corvus Gold Inc
Corvus Gold is a new company, only four years old. It was spun off by International Tower Hill Mines. They have two promising JVs in Alaska where they own 45% to 49% as an equity partner. But those are just a plus. The real value of Corvus is their North...  more
07/19/2014
Analysis  
Updated: Eldorado Gold Corp
Eldorado Gold is a major and a strong company with a lot of reserves. They have been a growth oriented company with production increasing from 100,000 oz in 2006 to 750,000 oz in 2012. They have 7 operating mines and 2 more under construction, plus 4...  more
07/19/2014
Analysis  
Updated: Goldcorp Inc.
GoldCorp is growing and plans to increase production from 3 million oz in 2014 to 4 million oz in 2017. Until recently, they had very low cash costs, but in Q1 2014 their cash costs jumped to about $600 and all-in costs to about $1000. This is still...  more
07/19/2014
Analysis  
Added: Pure Gold Mining Inc
Pure Gold Mining has an excellent gold project in Red Lake, Ontario. It is a large property on 12,000 acres and high grade. It is already a 1.2 million oz deposit at 10 gpt. Everything about this project looks good. That is probably why Rob McEwen owns...  more
07/16/2014
Analysis  
Updated: Altus Strategies Plc
Legend Gold Corp is a high risk / high reward stock. They have 22 properties on 750,000 acres in Mali (West Africa) and the Congo (Central Africa). All are 100% owned. They have a 600,000 oz resource (Tiekoumala) that is growing and another discovery (Lak  more
07/16/2014
General  
New Additions to Member's Home Page
We've just added a new feature to the home page. A stock watch list. You can add stocks to this list and it will show you the change from yesterday in percentage terms.  more
07/15/2014
Analysis  
Updated: Gold Reserve Inc
Gold Reserve Inc has been on hold since April 2008, when their mining license was revoked on their Brisas project. Unless the Venezuela government gives them the green light to build the mine, this stock is at risk. Moreover, even if they receive the...  more
07/14/2014
General  
New Members Home Page
We've just launched a new members home page. The idea is that it is a control panel that summarizes your various activity and provides deeper links to your data and searches.  more
07/13/2014
Analysis  
Updated: Auramex Resource Corp
Auramex Resources is a small explorer with 3 properties (two in Canada and one in Mexico). Their Stewart property in British Columbia is on 100,000 acres and they have done some drilling and found some gold. This is their current focus and recently...  more
07/13/2014
Analysis  
Updated: Golden Star Resources Ltd.
Golden Star Resources is an old company with 25 years of exploration experience. They are undervalued with future reserves valued at $20 per oz. This makes them a potential 20 bagger. The reason for this low valuation is their current all-in costs of...  more
07/12/2014
Analysis  
Updated: Gold Fields Ltd.
Gold Fields is a large major with a focus in Africa. They currently produce 2 million oz per year with all-in costs around $1150. They should be able to expand production with 8 projects in their pipeline. The Deep South mine could add 700,000 oz in 2016.  more
07/12/2014
Analysis  
Updated: Visible Gold Mines Inc
Visible Gold Mines has six early exploration projects in Quebec. They are a new company, with a good management team and a skilled geologist named Robert Sansfacon. In 2011 they drilled 40,000 meters and have spend $10 million on exploration. They are...  more
07/11/2014
Analysis  
Updated: Endeavour Mining Corp
Endeavor Mining is a mid-tier producer. In 2011, they had 159 million shares FD shares, and now they have 438 million. That dilution hurt the stock valuation and may have soured a few investors appetite for the stock. However, they are growing and should...  more
07/11/2014
Analysis  
Updated: Goldrich Mining Co
Goldrich Mining is a high risk speculation stock with significant potential. They have two large properties in Alaska (190 miles north of Fairbanks) in an existing mining district. It has significant infrastructure, but I don't think there is a road all...  more
07/11/2014
Analysis  
Updated: New Gold Inc.
New Gold is a relatively new major with growth prospects (although most of their growth won’t happen until 2017). It's going to be interesting to see how companies such as New Gold get valued as gold heads higher. Today their 400,000 oz of production...  more
07/09/2014
Analysis  
Updated: Nautilus Minerals Inc.
Nautilus Minerals is a high risk speculation stock, however, the sky is the limit. They are planning to mine from the sea floor at deep depths (5000 feet and deeper). If it works, they will likely expand rapidly, adding reserves and new mines. They...  more
07/06/2014
Analysis  
Updated: Alexco Resource Corp.
Alexco Resources is an emerging mid-tier silver producer in the Yukon. They have a fantastic 55,000 acre property (Keno Hill) located in Canada. It is already a 60 million oz resource at 300 gpt, plus lead and zinc offsets. They are projecting all-in...  more
07/06/2014
Analysis  
Updated: Compania De Minas Buenaventura Saa
Buenaventura Mining is large major with production of 1 million oz of gold, 18 million oz of silver, and significant copper and zinc (30% of revenue comes from base metals). They do have a pipeline of 16 projects, but only one under development. They are...  more
07/06/2014
Analysis  
Updated: DRDGOLD Ltd.
DRDGOLD is a mid-tier producer in South Africa. They recently sold their underground mine (Blyvoor) for 85 million shares to Village Main Reef. Blyvoor had high cash costs and they wanted to focus on their higher margin tailing reclamation project (from...  more
07/06/2014
Analysis  
Updated: Core Gold Inc
Dynasty Metals had a FD Market cap of $27 million in 2014 and then Ecuador said they were going to reduce their mining laws to attract investment. The stock jumped to $74 million. It's still super cheap and possible 25 bagger. They have three properties...  more
07/04/2014
Analysis  
Updated: Barrick Gold Corp
Barrick Gold is a monster company with 250 million ounces of gold and projections to increase production steadily from 7.2 million ounces to 10 million (excluding copper, which is projected to reach 1 billion lbs) over the next 4 years. They will spend $3  more
07/04/2014
Analysis  
Updated: Marifil Mines Ltd.
Marifil Mines is a project generator in Argentina. They have 17 properties, although about half of them are potash. They have gold, silver, base metals, and potash. They have one significant JV with Novagold, where they have a 30% interest. Novagold has...  more
07/04/2014
Analysis  
Updated: Turquoise Hill Resources Ltd
Turquoise Hill Resources is really a copper producer, which is 51% owned by Rio Tinto (one of the largest copper producers). I'm including it in my database because the Oyu Tolgoi property is one of the 10 largest gold deposits in the world at 62 million...  more
07/03/2014
Analysis  
Updated: Trimetals Mining Inc.
TriMetals Mining (formerly South American Silver) has been a painful fall for their investors. It fell from $3.25 a share in 2010 to today’s price of .17 cents. Ouch. Today it has a FD market cap of $27 million. This happened because the Bolivian...  more
07/02/2014
Analysis  
Updated: CMC Metals Ltd
CMC Metals is a potential 25 bagger, but the risk is very high. They have small deposits, but a plan to begin mining soon. They have (50% owner) a small gold mine (Radcliff) in California that they plan to get into production soon, perhaps in 2014. It is...  more


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