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News from October 2014

10/30/2014
Analysis  
Updated: Goldgroup Mining Inc
Goldgroup is a highly undervalued small producer in Mexico, with two nice projects in their pipeline. Their 1 million oz (.5 gpt) Caballo open pit project will produce 95,000 oz in approximately 2016. They still need final permits, surface rights, and...  more
10/27/2014
Analysis  
Updated: East Africa Metals Inc
East Africa Metals is a new project generator. They arose from a spin-out from Canaco Resources in 2012. They have two large properties in Tanzania. The Magambazi project (25,000 acres) is a 45% JV with a Chinese producer. It is a 1 million oz surface...  more
10/26/2014
Analysis  
Updated: ATAC Resources Ltd.
ATAC Resources is project generator with a very large project. The Rackla Gold project is a 115 mile narrow trend on 400,000 acres in the Yukon, Canada. They are drilling about 23 deposits and have had excellent drill results. So far it seems like every...  more
10/26/2014
Analysis  
Updated: Orca Gold Inc
Orca Gold is a new exploration company that arose out of Canaco Resources. They have $34 million in cash and 2 million acres on 3 properties in Sudan. Their Galat project is 1.7 million oz at 1.8 gpt and is still early exploration. This is a mine that...  more
10/26/2014
Analysis  
Updated: Metanor Resources Inc.
Metanor Resources has not performed as a stock or company. However, they seem to be hitting their stride. They started producing at Bachelor Lake in 2013 at 40,000 oz (projected $800 per oz cash costs). Their goal is to double production to 80,000 oz in...  more
10/25/2014
Analysis  
Updated: Coral Gold Resources Ltd.
Coral Gold appears to be an excellent long-term speculation stock, but there is substantial risk. They have a 2.6 million oz inferred resource (.5 gpt). It is a near surface oxide mine, which are cheap to build and operate. And the FD market cap is only $  more
10/25/2014
Analysis  
Updated: Loncor Resources Inc
Loncor Resources has considerable upside potential. It is a new company with 5 million acres of exploration potential in the DRC (Democratic Republic of Congo). When I looked at them in 2012, they had a FD market cap of $113 million. I thought that was...  more
10/25/2014
Analysis  
Updated: Alio Gold Inc.
Timmins Gold is a young company that just began producing in 2010. They are aggressive with the drill bit (currently they have a 200,000 meter drill program) and have 500,000 acres to explore in Mexico on 10 properties. They have very little debt and...  more
10/24/2014
Analysis  
Updated: Atlanta Gold Inc
Atlanta Gold is a highly undervalued stock. They have a $6 million FD market cap and are getting close to production. The Atlanta mine is a 1 million oz (3 gpt) surface mine. They plan to bulk sample 2500 oz in 2014 and 2015 to provide some cash flow (per  more
10/23/2014
Analysis  
Updated: Emgold Mining Corp.
Emgold Mining had an excellent project in California with 1.5 million oz. However, they lost the option and now only have a few early stage exploration projects. The stock crashed and investors were left holding the bag. At this time, it doesn't look...  more
10/21/2014
Analysis  
Updated: Levon Resources Ltd
Levon Resources has a huge potential mine in Mexico. The Cordero project has 500 million oz of silver (18 gpt), 9 billion lbs of zinc, and 4 billion lbs of lead. They released a PEA in March 2012, with a mine plan to produce 40,000 tpd for the initial...  more
10/21/2014
Analysis  
Updated: Silver Bull Resources Inc
Silver Bull Resources is highly undervalued. They have a 164 million oz (70 gpt and 75% recovery rate) silver deposit in Mexico called Sierra Mojada. The property is on 48,000 acres and has exploration possibilities for future growth. This stock looks...  more
10/19/2014
Analysis  
Updated: Tinka Resources Ltd.
Tinka Resources is a project generator with a 30 million oz silver project (Colquipucro) in Peru. It is a moderate grade surface mine (90 gpt) that is a low cost heap leach with 90% recovery rates. They are currently doing infill drilling and then they...  more
10/18/2014
Analysis  
Updated: Pan American Silver Corp.
Pan American Silver is one of the best silver producers. They plan to increase silver production from 25 million oz to 30 million oz by 2017. As long as silver prices stay high, they are going to be a cash flow machine. Cash costs in 2014 will be around $  more
10/17/2014
Analysis  
Updated: Minco Silver Corp.
Minco Silver is highly undervalued. Especially for a company that is very close to building their first mine (construction should begin in 2016). They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6...  more
10/17/2014
Analysis  
Updated: Oceanagold Corp.
OceanaGold is solid mid tier producer. The have 12 million oz in resources (1.2 gpt) and will produce 300,000 oz in 2014 with all-in costs around $1000 per oz. They are not cheap, with a FD market cap of $674 million and future reserves valued at $75 per...  more
10/16/2014
Analysis  
Updated: Sabina Gold & Silver Corp
Sabina Gold & Silver has a large high grade gold project in Canada. The Back River project has 7 million oz (6 gpt) and significant exploration potential. The feasibility study calls for 287,000 oz of production annually at 5,000 tpd. The capex is $600...  more
10/15/2014
Analysis  
Updated: Silvercorp Metals Inc
Silvercorp is a mid-tier producer in China. They have very large high grade resources with 250 million oz at 200 gpt. Their cash costs for the last quarter were about $10 per oz (silver equivalent per oz including gold). All-in costs were around $15 per...  more
10/14/2014
Analysis  
Updated: Endeavour Silver Corp
Endeavour Silver is a star performer in the silver production category. They have everything working. They have 3 high grade silver mines in Mexico producing 6.5 million oz in 2014. They are expanding production and reserves at a fast rate, projecting 10...  more
10/13/2014
Analysis  
Updated: Fortuna Silver Mines Inc
Fortuna Silver is a mid-tier producer in Mexico and Peru. Fortuna is very similar to First Majestic Silver and Endeavour silver. All of them have performed very well over the last 3-5 years. They all have low cash costs, no debt, and substantial cash....  more
10/12/2014
Analysis  
Updated: Rio2 Ltd
Atacama Pacific Gold has a large gold project in Chile. It is a 4.5 million oz, low grade (.4 gpt) oxide surface mine. They released a PFS in 2014 to mine a 3.3 million oz oxide open pit at 250,000 oz per year. The cash costs are projected to be $650 per...  more
10/12/2014
Analysis  
Updated: Jaguar Mining Inc
Jaguar Mining is a mid-tier producer in Brazil with 3 operating mines at 100,000 oz annual production. Recently they went bankrupt from high costs and high debt. They have now restructured the debt and will re-listed their shares. Original shareholders...  more
10/11/2014
Analysis  
Updated: Paramount Gold Nevada Corp
Paramount Gold is a project generator. They have two large projects (San Miguel and Sleeper) that are long life mines with exploration potential. They have already identified 9+ million oz of gold equivalent (including silver), and it is likely that...  more
10/09/2014
Analysis  
Updated: Golden Valley Mines
Golden Valley Mines is a project generator with 50 gold properties and another 35 base metals properties in Canada. They have been in business for 10 years and are starting to get some results. They have at least two joint ventures in the Abitibi...  more
10/08/2014
Analysis  
Updated: Mineral Mountain Resources Ltd
Mineral Mountain Resources is a new company with a lot of potential. They have a good management and technical team, led by Nelson Baker, the ex CEO of Rainy River. If you like betting on people and getting in early, this could be your type of stock....  more
10/07/2014
Analysis  
Updated: Aquila Resources Inc
Aquila Resources is developing a gold project in Michigan. Back Forty is a million oz resource (2 gpt), along with Silver: 12 million oz Zinc: 1 billion lbs Copper: 110 million lbs Lead: 74 million lbs These offsets make this a likely...  more
10/06/2014
Analysis  
Updated: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a small market cap of $7 million and some interesting properties in the Dominican Republic, Mexico, and Canada. This is a long-shot high risk speculation stock. However, it was founded by the...  more
10/05/2014
Analysis  
Updated: Lion One Metals Ltd
Lion One Metals is highly undervalued with a FD market cap of only $17 million. They have an advanced high grade project in Fiji called Tuvatu (90,000 acres). It is a 800,000 oz (6 gpt) deposit that is currently being permitted. A PEA and PFS were...  more
10/05/2014
Analysis  
Updated: Liberty Gold
Pilot Gold was formed from Fronteer Gold’s management team. They have an advanced project in Turkey called Halilaga. It is really a copper project operated by Teck (60% ownership and operator), with 2 billion lbs of copper and 3.2 million oz of gold....  more
10/04/2014
Analysis  
Updated: Atlantic Gold Corp
Atlantic Gold Corp has four surface projects next to each other that have a combined 1,700,000 oz (their share) at 1.5 gpt. They have an experienced team and might be able to pull this off. They want to begin construction in 2015 or 2016 for initial...  more
10/04/2014
Analysis  
Updated: Nulegacy Gold Corp
NuLegacy Gold has an early exploration project in Nevada called Red Hill (15,000 acres). It is nearby Barrick Gold’s 14 million oz Goldrush open pit deposit. It could be another large open pit. The early drill results at their Iceberg deposit are...  more
10/04/2014
Analysis  
Updated: Roxgold Inc
Roxgold Inc. has an advanced gold project in Burkina Faso. Yaramoko is a million oz deposit with an avg grade around 13 gpt. They released a feasibility study with a capex of $107 million to begin producing 100,000 oz per year (likely in 2016). The after-  more
10/03/2014
Analysis  
Updated: Arian Silver Corp
Arian Silver is a near-term producer in Mexico. San Jose is a 117 million oz (3.5 opt) deposit. Amazingly, with such a nice project, their FD market cap is only $22 million. That results in future reserves being valued at .38 cents per oz (at $100 silver)  more
10/03/2014
Analysis  
Updated: Surge Copper Corp
Gold Reach Resources is an exploration company (project generator). Their flagship Ootsa project in British Columbia is really a copper deposit. I am including it in the database because Ootsa has about 2 million oz of gold and silver equivalent (1.3...  more
10/02/2014
Analysis  
Updated: Excellon Resources Inc.
Excellon Resources appears to be a slam dunk 3 bagger if they can expand their resources in Mexico (two properties with 100,000 acres). However, I have my doubts. I'm a stickler for management, and I did not like their company presentation, nor their...  more
10/01/2014
Analysis  
Updated: Aurcana Corp
Aurcana Corp is an emerging mid-tier producer. They have a FD market cap of only $35 million. However, their market cap was $545 million two years ago. They have two solid properties (La Negra in Mexico and Shafter in Texas). Both are high grade long...  more


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