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News from November 2015

11/28/2015
Analysis  
Updated: Strategic Metals Ltd
Strategic Metals is a project generator in the Yukon. Their stock price rose 500% in 2010, and peaked at $4.34 per share in 2011, but has since crashed (along with many gold and silver mining stocks). At today's .18 cent price ($17 million fully diluted),  more
11/28/2015
Analysis  
Updated: Highland Gold Mining Ltd
Highland Gold Mining is a mid-tier producer in Russia. They have 3 producing mines and 3 more under development. With a market cap of $248 million, they are not cheap, but a possible 10 bagger. The will produce about 250,000 oz in 2015 and have 17...  more
11/27/2015
Analysis  
Updated: Arian Silver Corp
Arian Silver is a small explorer in Mexico. The lost their 117 million oz San Jose project in 2015 due to debt issues. This leaves them with two exploration projects: Calicanto and San Celso. I don't know if they will be able to rebound after the loss of...  more
11/27/2015
Analysis  
Updated: Continental Gold Inc
Continental Gold has excellent properties in Columbia. Their flagship Buritica project is high grade (10 gpt) and is a 9 million oz resource, with more drilling planned. This was a $10 stock in 2011 and there was no reason for it to drop to $1.14 (today's  more
11/27/2015
Analysis  
Updated: Falco Resources Ltd
Falco Resources has a very large property (Noranda Gold Camp) in Quebec on 175,000 acres. The Noranda Gold Camp has 14 past producing mines that produced 19 million oz of gold. They are focusing on the Horne Mine that produced 11 million oz at 6 gpt....  more
11/26/2015
Analysis  
Updated: Americas Silver Corp.
Americas Silver Corp (formerly Scorpio Mining) is a mid-tier silver producer in Mexico and Idaho. They merged with U.S. Silver & Gold in 2014, who had the 54 million oz Galena high grade silver mine. This is a cheap stock right now with a FD market cap...  more
11/26/2015
Analysis  
Updated: Silver Lake Resources Ltd..
Silver Lake Resources is a mid-tier gold producer in Australia. They have a solid flagship property (Mount Monger) with 3.7 million oz, and all-in costs around $1100 per oz. Plus, over 1 million acres of exploration properties. Production is forecasted...  more
11/25/2015
Analysis  
Updated: IAMGOLD Corp
IAMGOLD is a global mid-tier producer, with production at 800,000 oz. 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...  more
11/25/2015
Analysis  
Updated: Mcewen Mining Inc
McEwen Mining is a mid-tier gold and silver producer. In 2015, they will produce 90,000 oz of gold and 3 million oz of silver and (150,000 oz of gold equivalent). By 2018, they should be producing somewhere around 300,000 oz gold equivalent (including...  more
11/24/2015
Analysis  
Updated: Comstock Mining Inc
Comstock Mining is a small gold producer in Nevada. They have a 2.5 million oz resource (1 gpt) and started production in 2012. They have a large 7,500 acre property with significant exploration potential. I expect production to reach at least 80,000 oz...  more
11/23/2015
Analysis  
Updated: DELETE - Dalradian Resources Inc
Dalradian Resources has an excellent project in Ireland called Curraghinalt. It is a late stage project that they are currently permitting. It has 3.5 million ounces (9 gpt) and they are still drilling aggressively on 200,000 acres with 19 targets. The...  more
11/22/2015
Analysis  
Updated: Acacia Mining Plc
Acacia Mining (formerly African Barrick Gold) is a mid-tier producer with 750,000 oz of production in East Africa (Tanzania). They have 4 producing mines with 29 million oz (4 gpt) of gold resources. Their all-in costs are around $1200 per oz, and they...  more
11/22/2015
Analysis  
Updated: Goldmining Inc
Brazil Resources is a new company. They have a good management team with influential people on the board. Their stated focus is to acquire advanced stage projects and bring them into production. In 2012, they acquired the Cachoeira project. After their...  more
11/22/2015
Analysis  
Updated: Meadow Bay Gold Corp
Meadow Bay got lucky. They purchased a past producing mine in Nevada that had a 500,000 oz resource (1.3 gpt) and they planned to restart production. However, when they started drilling they found a porphyry extension off the main pit. One drill hole...  more
11/21/2015
Analysis  
Updated: Coeur Mining Inc
Coeur Mining has underperformed since 2006. They have to reach $70 per share just to get back to where the share price traded in 2006. Today the stock is trading at $3.40. However, they have been aggressive, purchasing Orko Silver, Paramount Gold, and a...  more
11/19/2015
Analysis  
Updated: Teranga Gold Corp
Teranga Gold is an undervalued growing mid-tier producer with two large properties in Senegal (located next to each other). Their production should increase over of the next five years from 200,000 oz in 2016 to perhaps 300,000 oz in 2018. They get about...  more
11/18/2015
Analysis  
Updated: Centamin Plc
Centamin Plc is a mid-tier producer in Egypt. In October 2012, a court ruling removed Centamin's rights to mine in Egypt. This is ruling was over-turned, but is currently under appeal and the mine is still operating. Because this is a 50/50 JV with an...  more
11/17/2015
Analysis  
Updated: Mandalay Resources Corp.
Mandalay Resources is a mid-tier gold producer (they also produce 3 million oz of silver) in Chile, Australia, and Sweden. They are not significantly undervalued, although they have 5 bagger potential at higher gold prices if they find more resources....  more
11/16/2015
Analysis  
Added: Golden Dawn Minerals Inc
Golden Dawn Minerals is a new company trying to bring an old mine back in production. May Mac and Amigo deposits (British Columbia) never produced much gold, but the owners think they can find something. I'm sure they got it cheap. I consider the risk...  more
11/15/2015
Analysis  
Updated: Pretium Resources Inc
Pretium Resources (a new company that purchased their properties from Silver Standard) has a lot of upside potential. The have 60 million oz of gold and 250 million oz of silver at their Brucejack and Snowfield properties in Canada, although most of...  more
11/15/2015
Analysis  
Updated: Rubicon Minerals Corp.
Rubicon Minerals is a near term producer in Canada (150,000 oz). A lot of the upside has already been built into the stock price. Now with a FD market cap of $425 million, the upside is a bit constrained. However, I think they could be a growth stock....  more
11/15/2015
Analysis  
Updated: Southern Silver Exploration Corp
Southern Silver Exploration is a project generator with a small FD market cap under $4 million and a potential mine (Cerro Las Minitas) in Mexico. It is a JV and they have a 40% interest. Early drill results (23,000 meters) have been very good and it is...  more
11/14/2015
Analysis  
Updated: Avino Silver & Gold Mines Ltd
Avino Silver is an emerging mid-tier silver producer in Mexico. They will produce around 2 million oz of silver equivalent in 2015 with all-in costs around $14 per oz. And they think they can increase production to 3 million oz and reduce costs over the...  more
11/14/2015
Analysis  
Updated: Avino Silver & Gold Mines Ltd
Avino Silver & Gold is an emerging mid-tier silver producer in Mexico. They will produce around 3 million oz of silver equivalent in 2015 with all-in costs around $14 per oz (free cash flow). And they think they can increase production to 4 million oz...  more
11/14/2015
Analysis  
Updated: Balmoral Resources Ltd
Balmoral Resources had a lot of investor interest in 2014. Their market cap exploded from $38 million to $128 million. Now it is back to $42 million. They own an 82 kilometer trend in a high grade gold bearing zone (Abititbi in Quebec). The Abititbi gold...  more
11/14/2015
Analysis  
Updated: Bear Creek Mining Corp.
I loved Bear Creek Mining until June 25, 2011. That was the day the President of Peru did the highly unusual act of revoking the mining rights at their Santa Ana project. He did this because of political pressure from local resistance to the project in...  more
11/13/2015
Analysis  
Updated: Gogold Resources Inc.
GoGold Resources has potential, but they will need to find a third mine to have big upside. They began producing 1.8 million oz of silver in 2014 with all-in costs around $10 per oz. The Parral/Emeralda tailing project has 45 million oz silver equivalent...  more
11/10/2015
Analysis  
Updated: Columbus Gold
Columbus Gold is a project generator. They own 49% of the Montagne deposit in French Guyana (South America). It is a 5 million oz surface deposit at 1.4 gpt (inferred). Their JV partner (Nordgold) has $1 billion in revenue and must spend $30 million over...  more
11/08/2015
Analysis  
Updated: Sibanye-Stillwater
Sibanye Gold is a new major in South Africa that was created by Gold Fields. It encompasses three producing underground gold mines that have 77 million oz in resources. They will produce 1.6 million oz in 2015. They have one of the highest dividend...  more
11/08/2015
Analysis  
Added: Cardinal Resources Ltd
Cardinal Resources is a small exploration company with 2 owned drilling rigs. They have a new gold discovery (Namdini) in West Africa (Ghana) that looks like a mine. Investors like the initial drill results and driving the FD market cap to $20 million....  more
11/07/2015
Analysis  
Updated: Midas Gold Corp
Midas Gold is highly undervalued. They have a very large project in Idaho that is heading to production around 2020. Stibnite is a 6.4 million oz resource (1.6 gpt) that is growing in size, and has significant exploration potential. They have a FD market...  more
11/04/2015
General  
October 2015 Newsletter Posted
The October 2015 Newsletter has just been posted. If you're set to receive a notification via email, it will be arriving shortly.  more
11/02/2015
Analysis  
Updated: Solitario Zinc Corp
Solitario Exploration & Royalty sold their flagship Mt Hamilton project in 2015 for $24 million. They are left with cash and a small pipeline of 3 JV projects where they have a 30% share. It’s hard to get excited for a company that does not much of a...  more


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