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News from August 2015

08/30/2015
Analysis  
Updated: Orex Minerals Inc
Orex Minerals is a project generator with four interesting projects. They have a 45% JV with Agnico Eagle for an advanced project (Barsele) in Sweden. It is 1 million oz and growing. The problem is they are considering a spin out of the Barsele project...  more
08/30/2015
Analysis  
Updated: Globex Mining Enterprises Inc
Globex Mining is a project generator that has been around for 60 years. With 126 properties (66 are precious metals) in Canada, you would think they would have some income. They have $800,000 in cash and some royalty income, but very little. Their stock...  more
08/29/2015
Analysis  
Updated: Eco Oro Minerals Corp
Eco Oro Minerals (formerly Greystar Resources) has a late stage project in Colombia they are trying to permit and finance. It was in an environmental restricted area and the project has shrank from 5 million oz to 3.2 million oz (3 gpt). However, that is...  more
08/29/2015
Analysis  
Updated: Rockhaven Resources Ltd.
Rockhaven Resources has a high grade gold and silver discovery in the Yukon (Canada). The Klaza property is large (20,000 acres) and has 9 discovered zones to drill. It's already a 1 million oz gold deposit at 4 gpt at surface, plus another 20 million oz...  more
08/27/2015
Analysis  
Updated: Osisko Mining Corp
Oban Mining recently (2015) acquired the Windfall Lake project from Eagle Hill for peanuts. They also acquired Ryan Gold's properties in the deal. Windfall Lake is a high grade, 1.5 million oz resource. A PEA was completed to produce 100,000 oz per year...  more
08/27/2015
Analysis  
Updated: Gunpoint Exploration Ltd
Gunpoint Exploration is a project generator with an advanced project in Nevada (Talapoosa). It is a 1.2 million oz (1 gpt) open pit project with 15 million oz of silver (15 gpt). A PEA should be coming soon. Timberline has an option to obtain Talapoosa...  more
08/26/2015
Analysis  
Added: Osisko Mining Corp
Oban Mining recently (2015) acquired the Windfall Lake project from Eagle Hill for peanuts. They also acquired Ryan Gold's properties in the deal. Windfall Lake is a high grade, 1.5 million oz resource. A PEA was completed to produce 100,000 oz per year...  more
08/26/2015
Analysis  
Updated: NV Gold Corp
NV Gold lost the option to the Rattlesnake Hills property in Wyoming in 2015. They don't have much left. One early exploration project in Switzerland and another in Nevada. I almost removed them from the database, but decided to give them another year...  more
08/25/2015
Analysis  
Updated: Gran Colombia Gold Corp
Gran Colombia Gold is a highly undervalued mid tier producer (my definition). In fact, it is one of the most undervalued gold mining stocks on a risk/reward basis. They have large resources (12 million M&I gold) and are targeting 170,000 oz in 2015 and...  more
08/25/2015
Analysis  
Updated: DELETE - Sutter Gold Mining Inc
Sutter Gold Mining is a near term producer in California. They own a 3.6 mile trend in Northern California where 8 historic mines produced 3.5 million oz. They have a 300,000 oz resource (10 to 15 gpt) and plan to begin producing 23,000 oz in 2015 (they...  more
08/19/2015
Analysis  
Updated: Impact Silver Corp
Impact Silver Corp is a small producer (3 underground mines at 140 gpt). They have a good management team and have performed well, taking mines into production 24 months after discovery. That is impressive. They are also growing production and plan to...  more
08/18/2015
Analysis  
Updated: Terrax Minerals Inc.
TerraX Minerals is a project generator with a large property in Canada (Northwest Territories). They are drilling three different discoveries on their large (20,000 acre) Yellowknife property. It has 450 historical drill holes with several high grade...  more
08/17/2015
Analysis  
Updated: Lara Exploration Ltd
Lara Exploration is a very good project generator. The only problem with this stock is that it is not precious metals focused. However, with the high price of gold, I would expect this company to focus more on gold. This company has shown the ability to...  more
08/16/2015
Analysis  
Updated: East Asia Minerals Corp
East Asia Minerals has been a disaster for shareholders since 2010. The stock price went from .10 cents in 2008 to $8.30 in 2010. Then dropped from $6.75 to .27 cents in 2012. Today it is down to 1 cent with a FD market cap of $1 million. The stock has...  more
08/16/2015
Analysis  
Updated: Savary Gold Corp
Savary Gold is currently a small exploration company in West Africa (Burkina Faso). They have 65% JV deal on a large property (Hounde South) that looks like a mine. They have drilled 44 holes and it looks very promising. There are already 3 discoveries (z  more
08/16/2015
Analysis  
Updated: Sarama Resources Ltd
Sarama Resources is a project generator in West Africa (Burkina Faso, Liberia, and Mali). They have one flagship project: South Hounde. It is optioned to Acaia Mining, who has a 75% option. South Hounde is a 1.5 million oz deposit at 1.5 gpt. It will get...  more
08/15/2015
Analysis  
Updated: Detour Gold Corp.
Detour Gold is a solid company. They have a 20 million oz deposit (1 gpt) in Ontario, Canada. Production began in 2013 and will ramp up to 500,000 oz in 2015, and likely 650,000 oz by 2017. For that much production, they only have $425 million in debt. I...  more
08/15/2015
Analysis  
Updated: Santa Fe Gold Corp.
Santa Fe Gold was a small producer in New Mexico (Summit mine), and they are currently trying to resume production. They also have a 1 million oz gold project (Ortiz), but they are giving guidance that they might sell it to improve their balance sheet....  more
08/15/2015
Analysis  
Updated: Taseko Mines Ltd
Taseko Mines has an advanced stage gold project (Prosperity) in British Columbia. They have a $110 million FD market cap and are forecasting production at 200,000 oz per year (adjusted for Franco Nevada gold stream) for 20 years, plus a large amount of...  more
08/15/2015
Analysis  
Updated: GTA Resources & Mining Inc
GTA Resources is a project generator with three properties in Ontario, Canada. Their Northshore property looks like a mine. It is a 1.2 million oz resources at .9 gpt. They own 51% with an option for 70%. It is still being drilled, but should have a PEA...  more
08/14/2015
Analysis  
Updated: China Gold Intl. Resrcs Corp Ltd
China Gold International is an interesting stock if you like copper. Their CSH open pit gold mine is producing 200,000 oz and has 5 million oz of resources, which makes for a long life mine. They are expanding production to 250,000 oz in 2016. This mine...  more
08/13/2015
Analysis  
Updated: Mako Mining Corp.
Golden Reign Resources has an advanced high grade (7 pgt) project in Nicaragua (San Albino). They are aggressively moving it towards production. However, they only began drilling it 3 years ago and have only drilled about 100 holes. It is already a 1...  more
08/13/2015
Analysis  
Updated: Yamana Gold Inc.
Yamana Gold is a strong major with production of 1.2 million oz of gold, 120 million lbs of copper, and 9 million oz of silver projected for 2015. They are also in solid locations of Brazil, Chile, Argentina, and Mexico. Their balance sheet is a red flag,  more
08/11/2015
Analysis  
Updated: Newmont Mining Corp
Newmont Mining is a solid major, although growth will be flat at around 5 million oz until 2017. They have 125 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($9 billion fully diluted...  more
08/10/2015
Analysis  
Updated: Silver Mountain Mines Inc
Silver Mountain Mines is trying to find a high grade silver mine in southern British Columbia. The Ptarmigan property is large (25,000 acres) and has a past producing mine on the property with good infrastructure. There have been 11,000 meters drilled,...  more
08/09/2015
Analysis  
Updated: Chesapeake Gold Corp.
Chesapeake Gold is project generator with an awesome project. They have a huge project in Mexico (Metates) with 18 million oz of gold (1 gpt), 525 million oz of silver (15 gpt), and 4 billion lbs of zinc. With gold production of 750,000 oz for 20+ years,...  more
08/09/2015
Analysis  
Updated: Perseus Mining Ltd
Perseus Mining is a mid-tier producer in West Africa. In 2012 when I analyzed it, the FD market cap was a $1.3 billion market cap. Today the stock price has dropped 90% and it is down to a FD market cap of $113 million. They will produce about 200,000 oz...  more
08/09/2015
Analysis  
Updated: Torex Gold Resources Inc
Torex Gold Resources has a large late stage project (El Limon) in Mexico. It is a 5 million oz (2.5 gpt) deposit. They have a $715 million FD market cap, so most of the near-term value is already in the stock price. El Limon is permitted and financed,...  more
08/09/2015
Analysis  
Updated: Northern Star Resources Ltd
Northern Star Resources is a large gold producer in Western Australia. They have 5 producing mines and FD market cap of $900 million. However, they only have 1.5 million oz of reserves and 9 million oz of resources. Investors seem to only care about the...  more
08/08/2015
Analysis  
Updated: Salazar Resources Ltd
Salazar Resources has a late stage project (El Domo deposit on their large Curipampa property). El Domo (850,000 oz at 2.8 gpt) looks like it is heading to production. The capex is only $110 million and the after-tax IRR is 30% (with a 50% tax rate). It...  more
08/08/2015
Analysis  
Updated: Cordoba Minerals Corp
Cordoba Minerals is a project generator with a single large property in Colombia. San Matias is on 65,000 acres and already has two discoveries from early drilling. One of the holes was 101 meters at .6 gpt, plus 1% copper. Another hole was 123 meters at...  more
08/08/2015
Analysis  
Updated: RTG Mining Inc
RTG Mining is developing a gold project in the Philippines, where they have two large properties. The Mabilo deposit looks like a potential gold/copper mine. They have a FD market cap of $55 million, yet only have drill results and no 43-101 resource...  more
08/07/2015
Analysis  
Updated: Newcrest Mining Ltd.
Newcrest Mining is a solid company with production of 2.4 million oz at 6 operating mines. They have low cash costs of around $600 per oz because of their copper and silver offsets, with all-in costs around $950 per oz in 2015. However, their balance...  more
08/05/2015
Analysis  
Updated: Randgold Resources Ltd.
Randgold Resources is a major based in Africa. Most of the value is built into the stock price. While most stocks are crashing, Randgold is down only 24% for the year. This stock will likely double, but it will have trouble outperforming the price of...  more
08/04/2015
Analysis  
Updated: Otis Gold Corp
Otis Gold has upside potential, but there is risk. They have a FD market cap of only $6 million, yet their Kilgore project in Idaho (800,000 oz at .5 gpt) could be heading toward production in 2020. Kilgore looks pretty solid. The infrastructure is...  more
08/03/2015
Analysis  
Updated: Midland Exploration Inc.
Midland Exploration is a project generator with 41 properties and 22 projects on 600,000 acres in Quebec and Ontario. They have 6 JVs (gold projects), including deals with Agnico Eagle, Osisko, and Aurizon. However, none of them are advanced projects....  more
08/03/2015
Analysis  
Updated: Resolute Mining Ltd.
Resolute Mining is a strong mid-tier producer with two producing mines in West Africa (Mali) and Australia. They have moderate cash costs ($800 per oz), with about $1150 all-in costs per oz. Not a great balance sheet with $86 million in debt and $39...  more
08/02/2015
Analysis  
Updated: Belo Sun Mining Corp
Belo Sun Mining is a potential 25 bagger. They have a very large advanced open pit project in Brazil called Volta Grande (330,000 acres). It is a 6 million oz open pit project (1 gpt). The feasibility study was released in March 2015. The capex is $300...  more
08/02/2015
Analysis  
Updated: Great Panther Silver Ltd
Great Panther Silver is an emerging mid tier producer. It is a likely 5 bagger in the next few years, after crashing to a $50 million market cap. They are producing about 3.5 million oz (silver equivalent) and could add another million oz with their...  more
08/02/2015
Analysis  
Updated: Midland Exploration Inc.
Midland Exploration is a project generator with 41 properties and 22 projects on 600,000 acres in Quebec and Ontario. They have 6 JVs (gold projects), including deals with Agnico Eagle, Osisko, and Aurizon. However, none of them are advanced projects....  more
08/02/2015
Analysis  
Updated: Teuton Resources Corp.
Teuton Resources is a project generator in Canada (British Columbia). They have been around for a long time (1982) and have 25 projects (about 6 JVs). However, they do not have any advanced stage projects and their FD market cap is only $2 million. Their...  more
08/01/2015
General  
New Youtube Video: Timmins Gold
New Youtube Video: Timmins Gold Link:  more
08/01/2015
General  
New Youtube Video: Argonaut Gold
New Youtube Video: Argonaut Gold  more


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