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News from February 2016

02/27/2016
Analysis  
Updated: Bravada Gold Corp.
Bravada Gold has a tiny market cap of $1.3 million fully diluted. They have 14 Properties in Nevada with significant exploration potential. The company was a roll out from Bravo Gold and is a relatively new project generator. Their best property is Wind...  more
02/27/2016
Analysis  
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 4 active properties and 16 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is a high grade flagship in the right...  more
02/27/2016
Analysis  
Updated: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a small market cap of $5 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
02/26/2016
Analysis  
Updated: Canasil Resources Inc.
Canasil Resources is a small project generator in Canada and Mexico. It was undervalued in 2015 with a $3 million FD market cap. Then the share price took off from drill results at their Sandra-Escobar JV project in Mexico. Now it is trading at a FD...  more
02/26/2016
Analysis  
Updated: Nevada Exploration Inc
Nevada Exploration is an early project generator focused in Nevada. They have 5 properties and 3 JVs that are being drilled. Nevada Exploration is using a unique method of testing water samples to identify potential gold deposits. They are the only...  more
02/25/2016
Analysis  
Updated: Nicola Mining Inc
Nicola Mining (formerly Huldra Silver) was a small producer in Canada. They have a high grade (10 opt) deposit that could be a low cost mine (because of zinc and lead offsets). They started at 600,000 oz and could have been able to ramp up to 1 million...  more
02/25/2016
Analysis  
Updated: Regis Resources Ltd.
Regis Resources, an Australian gold producer, was a fantastic investment in 2008 when they traded for 10 cents! It increased to $6 in 2012 and is now back to $1.86 with a $842 million FD market cap. Cash costs are around $700 per oz, plus their balance...  more
02/24/2016
Analysis  
Updated: Alamos Gold Inc
Alamos Gold is a mid-tier producer that has been on mission to become a major. They have acquired 3 companies in the past 3 years (including Aurico Gold and Carlisle Goldfields in 2015). They now have 17 million oz in resources and are giving guidance to...  more
02/23/2016
Analysis  
Updated: Nulegacy Gold Corp
NuLegacy Gold has an early exploration project in Nevada called Iceberg (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
02/23/2016
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. They only began drilling it 5 years ago and have only drilled about 100 holes. It is already a 700,000 oz oz...  more
02/23/2016
Analysis  
Updated: Great Panther Silver Ltd
Great Panther Silver is a mid tier producer in Mexico. Their flagship Guanajuato mine produces 75% of their production. It only has 17 million oz of resources, but they have been very successful with exploration at Guanajuato. Great Panther is no longer...  more
02/22/2016
Analysis  
Updated: Yamana Gold Inc.
Yamana Gold is a major with production of 1.2 million oz of gold, 120 million lbs of copper, and 7 million oz of silver projected for 2016. They are also in solid locations of Brazil, Chile, Argentina, and Mexico. Their balance sheet is a red flag, with $  more
02/22/2016
Analysis  
Updated: Yamana Gold Inc.
Yamana Gold is a major with production of 1.2 million oz of gold, 120 million lbs of copper, and 7 million oz of silver projected for 2016. They are also in solid locations of Brazil, Chile, Argentina, and Mexico. Their balance sheet is a red flag, with $  more
02/21/2016
Analysis  
Updated: Erdene Resource Development Corp.
Erdene Resource Development is an early player in Mongolia. A country with a significant amount of natural resources. They have three projects that could make it into production. Their Altan Nar gold project is still early exploration, but they have...  more
02/21/2016
Analysis  
Updated: DELETE - Westmountain Gold Inc
Westmountain Gold was a small producer in Alaska. However, low gold prices forced them to halt production in 2015 and they are now in default on their debt. They obtained the Terra Project in Alaska in 2011 on 54,000 acres. It is 130 miles from Anchorage.  more
02/20/2016
Analysis  
Updated: Anglogold Ashanti Ltd.
AngloGold Ashanti is one of the largest majors. They are also one of the most undervalued. In fact, they have a 2.5 rating, which is rare for a major. The key for this company is reducing their debt ($2.7 billion) and avoiding political issues in S....  more
02/20/2016
Analysis  
Updated: Pershing Gold Corp
Pershing Gold is a new company. They have three projects in Nevada. One is a past producing mine (Relief Canyon) that they are planning to resume production in 2017. They released a PEA in 2015 with a capex of $11 million. It is economic with cash costs...  more
02/19/2016
Analysis  
Updated: Guyana Goldfields Inc.
Guyana Goldfields is new mid-tier producer. Investors love the stock. Gold crashed to $1100 and this stock barely moved. This company could be a 5 bagger at higher gold prices and increased production. It was a steal two years ago, but has increased in...  more
02/17/2016
Analysis  
Updated: Hecla Mining Company
Hecla Mining has two large low cost high grade silver mines: Lucky Friday in Idaho and Greens Creek in Alaska. They will produce 11 million oz of silver in 2016 at cash costs around $7 per oz. Plus, Greens Creek and Casa Berardi will produce 180,000 oz...  more
02/17/2016
Analysis  
Updated: Sandspring Resources Ltd.
Sandspring Resources has a lot of potential and is extremely undervalued. However, they will not begin production on their South American Guyana property (Toroparu) until they raise the $464 million capex (30% is funded in a streaming deal with Silver...  more
02/16/2016
Analysis  
Updated: St Barbara Ltd
St. Barbara is a mid-tier gold producer based in Australia. They have two producing mines. Gwalia in Australia at 250,000 oz, and Simberi in Papua New Guinea at 100,000 oz. Cash costs for the last quarter were about $500 per oz (because of the strong...  more
02/14/2016
Analysis  
Updated: Kootenay Silver Inc
Kootenay Silver (previously Kootenay Gold) is a project generator focused in Mexico. After they acquisition of International Northair closes, they will have 14 properties and 5 JV deals. Their flagship project is Promontorio, which is a 115 million oz...  more
02/14/2016
Analysis  
Updated: Monument Mining Ltd.
Monument Mining is a small gold producer in Malaysia and Australia. They will produce about 40,000 oz in 2016 and they have a FD market cap of $38 million. The stock isn't cheap, but they have significant upside potential. They only have about 1 million...  more
02/13/2016
Analysis  
Updated: Golden Queen Mining Co.
Golden Queen Mining is building a mine in California. It is funded and constuction is 95% completed. They own 50% of the Soledad project (2.4 million oz at .5 gpt and 85% recovery). The project also has 30 million oz of silver (50% recovery). Counting...  more
02/13/2016
Analysis  
Updated: Kirkland Lake Gold Ltd
Kirkland Lake Gold is a mid-tier producer in Canada. They have a large property (Macassa mine) in Ontario on 13,000 acres. It is a 5 million oz resource (16 gpt) that will produce 150,000 oz in 2015 and 200,000 oz around 2017. In 2015, they purchased St...  more
02/13/2016
Analysis  
Added: Secova Metals Corp.
Secova Metals is a small gold exploration company in Canada. They are trying to advance their Duvay project in Quebec. It has had past exploration and a 500,000 historical surface resource. They think it could be a 1+ million oz open pit. They plan to...  more
02/11/2016
Analysis  
Updated: Polymetal Intl. Plc
Polymetal International is a major with both large gold and silver production in Russia. They have 24 million oz of gold resources and 340 million oz of silver resources. They are producing 900,000 oz of gold and 29 million oz of silver. Gold equivalent...  more
02/10/2016
Analysis  
Updated: Abitibi Royalties Inc
Abitibi Royalties owns a 2% and 3% NSR (net smelter royalty) for the Malartic CHL property, which is next door to the Malartic mine, which is the largest gold mine in Canada. They do not have to pay any of the costs until production begins. The developer...  more
02/08/2016
Analysis  
Updated: Pinecrest Resources Ltd
Pinecrest Resources has a gold project (Enchi) in Ghana, West Africa. The resource is size is 1.5 million oz at .65 gpt, and will likely grow in size. It is a large property (175,000 acres) with a lot of drilling targets. They completed a PEA in 2015 for...  more
02/06/2016
Analysis  
Updated: Inca One Gold Corp
Inca One Gold is a toll miner in Peru. They process gold ore from other companies for a profit. They have a plan to grow from 100 tpd to 1000 tpd - if they can sign enough contracts with gold producers. They estimate free cash flow to be $8 million at...  more
02/06/2016
Analysis  
Updated: Saracen Mineral Holdings Ltd.
Saracen Mineral Holdings is a mid-tier gold producer in Australia. They have two operating open pit mines and are currently developing another. They have 7 million oz of resources at 1.6 gpt and will be a 300,000 oz producer in 2017. They have $27...  more
02/05/2016
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
02/05/2016
Analysis  
Updated: Ramelius Resources Ltd.
Ramelius Resources is a mid-tier producer in Australia. They are producing 100,000 oz and production is forecasted to grow to around 120,000 oz by 2018. They have a FD market cap of $110 million, and future reserves are valued at $55 per oz. A year ago...  more
02/04/2016
Analysis  
Updated: Troy Resources Ltd
Troy Resources is a mid-tier producer. They appear to have a strong management team who is shareholder focused. They have paid dividends which is impressive for a small mid-tier producer. They have two solid projects. In Argentina (Casposo) they have a...  more
02/02/2016
Analysis  
Updated: West Kirkland Mining Inc
West Kirkland Mining purchased the Hasbrouck and Three Hills properties from Allied Nevada in 2014 for $20 million. They diluted their shares substantially to buy the properties. They have pre-feasibility study to build both for a capex of $54 million (or  more
02/01/2016
Analysis  
Updated: Orvana Minerals Corp.
Orvana Minerals is an emerging mid-tier producer. Their 2 million ounce (3 gpt) flagship property in Spain (EVBC) began production in 2012 for a long life mine. Currently they are only producing 50,000 oz, but that should increase over time. They are...  more
02/01/2016
General  
January 2016 Newsletter Posted
The January 2016 newsletter has just been posted. If you're set to receive a notification via email, it will be arriving shortly.  more


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