Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

News from April 2015

04/29/2015
Analysis  
Added: Lundin Gold Inc
Lundin Gold obtained the Fruta Del Norte project after Kinross walked away. Fruta is a huge high grade open pit (9 million oz at 7 gpt). Kinross paid a few billion for it. The did a pre-feasibility study to producer 400,000 oz for 17 years, and then...  more
04/28/2015
Analysis  
Added: Sanatana Resources Inc
Sanatana Resources. Some potential, but very high risk speculation stock. They have a 50% ownership of the Watershed property next door to the 7 million oz Cote project in Ontario, Canada (IAMGold). It's likely that IAMGold will buy them out at some...  more
04/27/2015
Analysis  
Updated: Western Copper & Gold Corp.
Western Copper and Gold has a huge copper/gold project in Canada (Yukon) called Casino. If they can get financing ($2.5 billion capex), and both copper and gold prices hold up, this could be a 25+ bagger. If you value this as a 300,000 oz per year long...  more
04/26/2015
Analysis  
Updated: Evolution Mining Ltd
Evolution Mining is a solid mid tier producer. They have five producing mines in Australia and will produce 425,000 oz in 2015. They have moderate cash costs ($650 per oz). They need to improve their balance sheet which has $44 million in debt. And with...  more
04/26/2015
Analysis  
Updated: Majestic Gold Corp
Majestic Gold is a small producer in China. They are currently producing 20,000 oz (they get 75%) and should reach full production of 100,000 oz in about 2 years (they need to resettle to villages). Their Song Jiagou flagship project in China could...  more
04/25/2015
Analysis  
Updated: Mundoro Capital Inc.
Mundoro Capital is a new project generator with 9 properties in Mexico on 500,000 acres and another 8 properties in Serbia and Bulgaria. All of their properties are early exploration and they have significant plans to drill. They have $7.5 million in...  more
04/25/2015
Analysis  
Updated: Oroco Resource Corp.
Oroco Resources is another case study of why investing in gold mining stocks is so risky. They had an advanced project called Cerro Prieto that was on the verge of getting financed and developed into production. It was a 500,000 resource (M&I .7 gpt)...  more
04/25/2015
Analysis  
Updated: Silver Bear Resources Plc
Silver Bear Resources has a large (125,000 acres) late stage project in Russia. Their Mangazeisky project is a 55 million oz resource of extremely high grade silver (first 5 years of production at 800 gpt). And this property has very good exploration...  more
04/20/2015
Analysis  
Updated: Aldridge Minerals Inc.
Aldridge Minerals has a late stage project in Turkey that appears headed for production in 2018 if they can get financing. They need to raise $230 million, so they might need to option the project to larger company. Their flagship Yenipazar project is a...  more
04/18/2015
Analysis  
Updated: St. Augustine Gold & Copper Ltd
St. Augustine Gold & Copper has a very large project in the Philippines (King-king). Even when reducing resources and future cash flow to represent their 60% ownership (and 80% recovery rate), this is a potential 10 to 20 bagger at higher gold prices....  more
04/18/2015
Analysis  
Updated: DELETE - U.S. Precious Metals Inc.
U.S. Precious Metals Inc has a single project in Mexico. They have been advancing Solidaridad (37,000 acres) since 2004, but it is still early exploration with very few drill holes. However, investors seem to like it because it has a FD market cap of $22...  more
04/17/2015
Analysis  
Updated: Robex Resources Inc.
Robex Resources has an excellent property called Nampala (1.5 million oz at .7 gpt and growing). The problem is the location: Mali. Are investors going to invest in Mali when they have a major political situation in northern Mali, where the city of...  more
04/16/2015
Analysis  
Updated: Silver Range Resources Ltd
Silver Range Resources is a new spinout from Strategic Metals. They are going to help Strategic Metals explore some of their properties. The first big project is Silver Range, a district size property (100,000 acres) with 24 known areas of silver...  more
04/15/2015
Analysis  
Updated: Silver Predator Corp
Silver Predator Corp. is a new company focusing on Nevada. They have two advanced projects they are trying to JV. Their Taylor mine is a 20 million oz (60 gpt) silver resource on a past producing mine. The capex should be low and I expected someone to...  more
04/13/2015
Analysis  
Updated: DELETE - Nevada Sunrise Gold Corp.
Nevada Sunrise is a project generator with three projects in Nevada, including 2 JVs. They have a FD market cap of $7 million, which is pretty cheap for their properties. Although, none of their projects are advanced. Kinsley Mountain is optioned to...  more
04/12/2015
Analysis  
Updated: Tomagold Corp
Toma Gold is a new project generator in Canada. They have 33,000 acres in Quebec on 4 properties that are all next to each other. They have a 50% JV deal with IAMGold on their Monster Lake project (7,000 acres). IAMGold has to spend $16 million on...  more
04/11/2015
Analysis  
Updated: Evrim Resources Corp
Evrim Resources is a new project generator. They obtained 6 early exploration projects in Mexico from Kiska Metals for a stake in the company. They have 3 JVs/Alliance deals with Silvercrest, Callinan, and ArcelorMittal, but some are early exploration...  more
04/11/2015
Analysis  
Updated: Independence Gold Corp
Independence Gold is new project generator. Their 3Ts project (12,000 acres) in British Colombia is quickly becoming advanced. It has 350,000 oz of gold at good grades and 10 million oz of silver for offsets. 3Ts looks like it will grow into a mine and...  more
04/11/2015
Analysis  
Updated: Nevsun Resources
Nevsun Resources is a mid-tier producer in East Africa. However, their flagship project is more of a copper (1 billion lbs) and zinc (2.7 billion lbs) mine, than a gold and silver mine. Gold production was 300,000 ounces in 2012, but will drop to 80,000...  more
04/11/2015
Analysis  
Updated: Anglo Asian Mining Plc
Anglo Asian Mining is a small gold producer in Azerbaijan. In 2013, they produced 52,000 oz at cash costs under $600 per oz. Their Gedabek surface mine has been in production since 2009 and has 500,000 in reserves. This total will increase somewhat, but...  more
04/08/2015
Analysis  
Updated: DELETE - Castle Peak Mining Ltd
Castle Peak Mining is a new exploration company (I think it is a project generator). They have a large project called Akorade (9 contiguous properties on 50,000 acres) in the Ashanti belt in Ghana. Ghana is the second largest gold producer in Africa. In...  more
04/07/2015
Analysis  
Updated: Transition Metals Corp
Transition Metals is a project generator with 25 projects (500,000 acres) in Canada and 3 JVs. They are focusing on 5 district size plays: 2 gold, 1 copper, and 2 nickel, copper, and PGMs. All are early exploration. They have a tiny FD market cap of $5...  more
04/05/2015
Analysis  
Updated: Beadell Resources Ltd
Beadell Resources is new mid-tier producer and a classic example of how to invest in mining companies. Prior to construction of their first mine the stock was valued at $100 million. Once construction began, the stock started heading higher. Three months...  more
04/05/2015
Analysis  
Updated: Beadell Resources Ltd
Beadell Resources is new mid-tier producer and a classic example of how to invest in mining companies. Prior to construction of their first mine the stock was valued at $100 million. Once construction began, the stock started heading higher. Three months...  more
04/05/2015
Analysis  
Updated: Stakeholder Gold Corp
Stakeholder Gold is a small project generator who recently obtained a 70% option on a large 10,000 acre property in Nova Scotia (Bass River). They also obtained the ROFR (right of first refusal) for the remaining 30%. This property has two large copper/go  more
04/04/2015
Analysis  
Updated: Eastmain Resources Inc
Eastmain Resources is a project generator. All of their 14 projects are in mine friendly Quebec and Ontario, Canada. They have two high grade gold projects that look promising, plus many other projects to drill, and a lot of cash. Their flagship...  more
04/04/2015
Analysis  
Updated: Semafo Inc.
Semafo Inc. is a mid-tier producer in West Africa with a FD market cap of $1 billion. They will produce 250,000 oz in 2015 with cash costs around $700. They have $128 million in cash and no debt (although a $90 million credit line if the want to build a...  more
04/03/2015
Analysis  
Updated: Starcore Intl. Mines Ltd.
Starcore International is a small gold producer in Mexico, with annual production of 20,000 oz at their San Martin mine. Their market cap has crashed to $18 million, so it has significant potential. Their mine has limited reserves (40,000 oz at 2 gpt),...  more
04/02/2015
Analysis  
Updated: Manitou Gold Inc.
Manitou Gold is a project generator focusing on properties in Ontario, Canada. It is a small exploration team with six early exploration properties on 35,000 acres. They have a FD market cap of only $1 million. Rob McEwen own 9% of the company and...  more
04/01/2015
Analysis  
Updated: Spanish Mountain Gold Ltd
Spanish Mountain is highly undervalued. They are forecasting 200,000 ounces of production at their Canadian mine and they have a fully diluted market cap of $5 million. Their future reserves are valued at $1 per oz. Even if they give away half of the...  more


We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×
Register for a FREE account
  • Get Don's "Guide to valuing mining stocks", which features as a chapter in his book.
  • Set up stock alerts
  • Join our mailing list (Don's thoughts)*
  • Try out searching, portfolios and other paid features.
* Average email frequency will be no more than 2-3 times per week
Processing

Thank you for registering!

We have sent you an email to verify your address. Please click the link or paste it into your web browser to confirm your subscription and receive your free chapter.