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News from May 2016

05/30/2016
Analysis  
Updated: Silver Bull Resources Inc
Silver Bull Resources has a large silver/zinc project in Mexico. Sierra Mojada is a 90 million oz (45 gpt and 75% recovery rate) silver deposit with 4 billion lbs of zinc, plus copper and lead. The property is on 50,000 acres and has exploration...  more
05/30/2016
Analysis  
Added: Monarques Gold Corp
Monarques Gold has a small high grade project in Quebec. It's currently only about 200,000 oz at 6 gpt. But the capex is only $27 million and they have exploration potential to increase the resource size and mine life. Rob McEwan recently bought 9% of...  more
05/30/2016
Interview  
Interview on CrushTheStreet.com
$5,000 Gold, Huge Profit to be Made in Mining Stocks - Don Durrett of GoldSilverData.com Link: https://youtu.be/1MqqaySKjVE 5/30/2016  more
05/29/2016
Analysis  
Updated: Jaguar Mining Inc
Jaguar Mining is a mid-tier producer in Brazil with 3 operating mines at 90,000 oz annual production. Recently they went bankrupt from high costs and high debt. They have now restructured the debt and re-listed their shares. Original shareholders got...  more
05/29/2016
Analysis  
Updated: Metanor Resources Inc.
Metanor Resources has not performed as a stock or company. They started producing at Bachelor Lake in 2013 at 40,000 oz ($850 per oz cash costs). Their goal is to double production to 80,000. Their all-in costs are around $1300. Thus, they need higher...  more
05/28/2016
Analysis  
Updated: Nighthawk Gold Corp
Nighthawk Gold has a potential long life mine in Northern Canada. Their large property in the Indin Lake Gold Camp is on 220,000 acres. This camp has produced 16 million oz historically at 1.6 gpt. Production stopped in 1997, when they were producing 100,  more
05/28/2016
Analysis  
Added: K92 Mining Inc
K92 Mining is a near-term producer in Papua New Guinea. They purchased a past producing mine (2006 to 2009) from Barrick Gold for $2 million plus $60 million in future payments. The Kainantu mine has about 1.5 million oz at 7 gpt) with extensive...  more
05/26/2016
Analysis  
Updated: Batero Gold Corp
Batero Gold is highly undervalued. They have a 3 million oz. resource (.6 gpt) in Colombia, but only 67% recovery rate. That is a large flagship project. Surprisingly Batero Gold has a low valuation of $13 million fully diluted, with future reserves...  more
05/26/2016
Analysis  
Updated: Oceanagold Corp.
OceanaGold is an emerging major. The have 16 million oz in resources (1.2 gpt) and will produce 400,000 oz in 2016 with all-in costs under $1000 per oz. They are not cheap, with a FD market cap of $1.9 billion and future reserves valued at $159 per oz....  more
05/26/2016
Analysis  
Updated: Red Eagle Mining Corp
Red Eagle Mining is developing a gold project in Colombia. I have been very impressed watching their progress the past four years. They began drilling in 2011 and have already released a 43-101 resource estimate, a PEA, and a feasibility study. Their...  more
05/25/2016
Analysis  
Updated: Treasury Metals Inc
Treasury Metals has an advanced gold project (Goliath) in Canada. It is an open pit (800,000 oz at 2.5 gpt) and underground (700,000 oz) mine. The PEA was completed in 2011 for a capex of $70 million to build the open pit, which has at least a 5 to 7...  more
05/25/2016
Analysis  
Updated: Arizona Mining Inc
AZ Mining (formerly Wildcat Silver) has two large silver projects in Arizona. A year ago their FD market cap was $38 million, today it is $300 million. The share price has increased from 21 cents to $1.14. What happened? They found a second mine. Hermosa...  more
05/24/2016
Analysis  
Updated: Endeavour Silver Corp
Endeavour Silver is an elite stock in the silver production category. They have everything working. They have 3 high grade silver mines in Mexico, with planned production of 8.5 million oz (silver equivalent including gold) in 2016. They are expanding...  more
05/24/2016
Analysis  
Updated: Oceanagold Corp.
OceanaGold is solid mid-tier producer. The have 16 million oz in resources (1.2 gpt) and will produce 400,000 oz in 2016 with all-in costs under $1000 per oz. They are not cheap, with a FD market cap of $1.9 billion and future reserves valued at $159 per...  more
05/23/2016
Analysis  
Updated: Tahoe Resources Inc
Tahoe Resources has a monster silver project (Escobal) in Guatemala. Production began in 2014 at 20 million oz annual production (20 year mine life). Tahoe has a FD market cap of $2.8 billion, and future silver equivalent reserves are valued at $6 per oz,  more
05/22/2016
Analysis  
Updated: Minco Silver Corp.
Minco Silver is highly undervalued. Especially for a company that is close to building their first mine (construction should begin in 2017). They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6 opt...  more
05/21/2016
Analysis  
Added: Barsele Minerals Corp
Barsele Minerals was a recent spin-out from Orex Minerals. They have a single project, which is the Barsele gold project in Sweden. It is currently a 1.1 million oz 1 gpt open pit project. They have a JV with Agnico Eagle, who has an option to obtain 70%.  more
05/20/2016
Analysis  
Updated: NorZinc Ltd.
Canadian Zinc looks like a slam dunk. They are heading towards production once they get financing ($193 million capex) and have a large high grade deposit (70 million oz at 5 opt). Production will start slow (2.2 million oz) and increase, likely reaching...  more
05/20/2016
Analysis  
Updated: Golden Minerals Co
Golden Minerals was one of my favorite stocks in 2011. They had 50 properties on 800,000 acres, including two flagship projects: Velardena in Mexico and El Quevar in Argentina. Velardena was in production and ramping up to 4 million oz of silver...  more
05/19/2016
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. As long as silver prices stay high, they are going to be a cash flow machine. Cash costs in 2016 will be around $9 per...  more
05/19/2016
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 200,000 oz of production annually at 3,000 tpd. The capex is $415...  more
05/19/2016
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 200,000 oz of production annually at 3,000 tpd. The capex is $325...  more
05/18/2016
Analysis  
Updated: Silvercorp Metals Inc
Silvercorp is a mid-tier producer in China. They have large high grade resources with 225 million oz at 200 gpt. Their cash costs for the last quarter were about $9 per oz (cost of sales). All-in costs were below $14 per oz (free cash flow). Thus, they...  more
05/18/2016
Analysis  
Updated: Victoria Gold Corp
Victoria Gold is advancing a large open pit project. Their Eagle Gold project in the Yukon looks excellent. It is a 6 million oz resource (.7 gpt) in Canada (Yukon). It is only a 73% recovery rate, so the actual resource is 4 million oz, which is still...  more
05/17/2016
Analysis  
Updated: Orezone Gold Corp
Orezone Gold has a late stage project in West Africa (Burkina Faso). Their first mine (Bombore) should begin production in 2018. It is a 5 million oz deposit, the largest undeveloped mine in West Africa. It will get built. The economics are good at 1 gpt...  more
05/17/2016
Analysis  
Updated: Hummingbird Resources Ltd
Hummingbird Resources has two advanced open pit gold projects in West Africa (Mali and Liberia). It looks like a can't miss stock. They have 6 million oz at 2 gpt and another 150 targets on 1 million acres. The Yanfolila project in Mali is a near-term...  more
05/16/2016
Analysis  
Updated: Typhoon Exploration Inc
Typhoon Exploration is a gold exploration company that began in 2003. They have 6 properties in Southern Quebec in the Abitibi gold belt. All are early exploration. The Fayolle property (5000 acres) is a gold discovery with 200,000 oz at 1.5 gpt. Their...  more
05/16/2016
Analysis  
Added: DELETE - Intact Gold Corp
Intact Gold is a new project generator in Canada. They have two properties with potential. Investors seem to like their chances, bidding up their FD market cap to $5 million. Their Guillet project in Quebec has 250 drilled holes, but only 30,000 oz at 2.5  more
05/15/2016
Analysis  
Updated: Banro Corp.
Banro Corp is a growing mid-tier producer. Other than political risk (Democratic Republic of Congo) and debt issues, this stock is a slam dunk 5 to 10 bagger. They have an incredible amount of gold (15 million oz) and production just began in 2011. Thus,...  more
05/15/2016
Analysis  
Updated: Canstar Resources Inc.
Canstar Resources might have a gold discovery in Ontario. The Kenora project still early exploration and initial drilling will occur in 2016. If the drill results meet expectations, this stock could take off. Investors like their chances and the stock...  more
05/14/2016
Analysis  
Updated: DELETE - Apogee Opportunities Inc
Apogee Silver had two advanced silvers project in Bolivia (Pulacayo and Paco). They sold them to Prophecy Development to payoff their debt. All that they have left is Cachinal in Chile. It is a 15 million oz deposit (their share). While they avoided...  more
05/14/2016
Analysis  
Updated: Carlin Gold Corp.
Carlin Gold Corp. has 3 early exploration properties in Nevada that look promising. Plus, a 50/50 JV with Constantine Metals for 13 projects on 200,000 acres in Yukon, Canada. They have only drilled 7 holes on their properties (Cortez Summit in Nevada)....  more
05/14/2016
Analysis  
Updated: Santacruz Silver Mining Ltd
Santacruz Silver Mining is a small silver producer in Mexico. Their last financial report was a train wreck. They lost $18 million in Q4, with cash costs around $12.62 per oz. They are currently out of cash and need funding immediately. They will likely...  more
05/13/2016
Analysis  
Added: DELETE - Apogee Opportunities Inc
Apogee Silver has an advanced silver project in Bolivia. Their Pulacayo project has 70 million oz, with 27 million oz of reserves at 240 gpt. The capex is $55 million. However, the after-tax IRR is only 15% at $18 silver. They will need at least $20...  more
05/13/2016
Analysis  
Updated: Bayhorse Silver Inc
Bayhorse Silver (formerly Kent Exploration) had a good property (Gnaweeda) and spun it out into a new company (Archean Star). That left shareholders with 3 early exploration projects in New Zealand. That was not shareholder friendly, as that property...  more
05/13/2016
Analysis  
Updated: Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration has a late stage project (Buckreef) and numerous exploration properties in Tanzania. In fact, they have a 5 year plan to bring 3 projects into production: Buckreef, Itetemia and Kigosi. In 2013, the CEO (Jim Sinclair) gave...  more
05/13/2016
Analysis  
Updated: DELETE - North Bay Resources Inc
North Bay Gold is basically a project generator, although they call their strategy a generative business model. If they find a mine, they will either do a spinoff or JV deal. In 2015, they are going to spinoff their Ruby mine into Ruby Gold. That will...  more
05/13/2016
Analysis  
Updated: Atico Mining Corp
Atico Mining is a small copper/gold producer in Colombia. They are profitable, with all-in costs around $1000 per oz, and they have a decent balance sheet. Plus, they have have a new discovery. Recent drill holes have been impressive: 109 meters at 3.8...  more
05/13/2016
Analysis  
Updated: Goldstrike Resources Ltd
Goldstrike Resources is an early project generator in the Yukon. They have a large property (Plateau) that appears to have a large gold discovery. Trenching and soil samples have confirmed a 4 mile trend, which is a very large drilling target. They are...  more
05/12/2016
Analysis  
Updated: Calibre Mining Corp
Calibre Mining appears to me to be a project generator, although they call themselves an exploration and development company. They have 6 early exploration properties in Nicaragua and 3 are JVs. My expectation is that the other 3 will become JVs, but I...  more
05/12/2016
Analysis  
Updated: DELETE - New World Resource Corp
New World Resource Corp. is a new project generator focusing on Bolivia. They recently optioned their Lipena copper/gold project in Bolivia and kept 37%. It is still an early exploration project with 400,000 oz of low grade gold (including silver) and...  more
05/10/2016
Analysis  
Updated: Colorado Resources Ltd
Colorado Resources is a relatively new project generator with a lot of targets. They have several large properties (300,000 acres) in British Columbia and the Yukon. They have about $2.5 million in cash for exploration. Their North Rok project (142...  more
05/10/2016
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
05/10/2016
Analysis  
Updated: Auryn Resources Inc
Auryn Resources is a new company, but an experienced management team that came from Cayden Resources. They recently obtained the large (150 mile trend) Committee Bay project in Nunavut, Canada. It's in an infrastructure challenged area, but it has high...  more
05/09/2016
Analysis  
Updated: DELETE - Castle Peak Mining Ltd
Castle Peak Mining is a new exploration company (their goal is to eventually become a producer). 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...  more
05/09/2016
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. This is a new company that will take some time to build up. Until they find a large project, the risk level is...  more
05/09/2016
Analysis  
Updated: Silver Range Resources Ltd
Silver Range Resources is a new spinout from Strategic Metals, which owns 20%. They are working on 4 projects in the Yukon, Their focus is Silver Range, a district size property (100,000 acres) with 24 known areas of silver mineralization. In 2012, they...  more
05/08/2016
Analysis  
Updated: Azimut Exploration Inc.
Azimut Exploration is a project generator focused in Northern Quebec. The upside is unknown because all of their projects are early stage. They have 4 JVs with solid companies (Goldcorp, Hecla, Eastmain, and Everton) and 1.5 million acres of exploration...  more
05/08/2016
Analysis  
Updated: Callinex Mines Inc
Callinex Mines is an early project generator focusing in Manitoba. They have a good exploration team and some large properties, but nothing advanced. They are currently drilling at their Flin Flon and Pine Bay projects. Both of these appear to be...  more
05/07/2016
Analysis  
Updated: Alexandria Minerals Corp.
Alexandria Minerals appears to be a project generator, but they claim to also be a developer. When I see a company with an advanced project and all they plan to do is drill that is a sign they have no intention of building the mine. Plus, they had an...  more
05/06/2016
Analysis  
Updated: Edgewater Exploration Ltd.
Edgewater Exploration had an excellent project in Spain. Corcoesto was a 1.2 million oz resource at 1.3 gpt. They completed a feasibility study in 2013 and it was permitted (10 year mine life at 100,000 oz). Then the Spanish government took possession of...  more
05/06/2016
Analysis  
Updated: TNR Gold Corp
TNR Gold is a project generator with an interesting project in Alaska. Their Shotgun project covers 17,000 acres in a very good location to find gold. They already have a 700,000 resource at 1 gpt, with a lot more likely to be discovered. This is a...  more
05/04/2016
Analysis  
Updated: GMV Minerals Inc
GMV Minerals is attempting to find a gold mine in Arizona. Their Mexican Hat property is a gold discovery with 137 historical holes from the 1980s. Back then gold was cheap, and they walked away. Now with higher gold prices, they probably have a mine....  more
05/04/2016
Analysis  
Updated: Golden Hope Mines Ltd
Golden Hope Mines is a high risk speculation stock. They have a potential flagship in their Bellechase property in Quebec. It is on 45,000 acres in an excellent location. They have drilled 30,000 meters and have a 43-101 for 400,000 oz at 2 to 3 gpt....  more
05/04/2016
Analysis  
Updated: Silver Grail Resources Ltd.
Silver Grail is a project generator. They have been around for a long time, but have not made any progress. Looking at their properties, I would say this a very high risk speculation stock. However, with a tiny $1 million market cap, they have two gold...  more
05/03/2016
Analysis  
Updated: Desert Mountain Energy Corp
African Queen Mines is a project generator. They had several early exploration projects in Africa, but divested all of them. Now they are left with their Yellowjacket gold property in British Columbia, which they have optioned to a JV partner. They have...  more
05/03/2016
Analysis  
Updated: DELETE - Firebird Resources Inc
Firebird Resources has a nice project in South Carolina (three properties). However, they are out of cash and did not drill from 2012 to 2015. Also, the stock price is down to 2 cents and that likely means significant dilution to continue drilling. It is...  more
05/03/2016
Analysis  
Updated: Klondike Silver Corp
Klondike Silver has several properties with potential. They continue to explore each of their properties and may succeed. They have the 30,000 acre Slocan Camp in British Columbia that has 25 past producing mines on it; they have two new properties in...  more
05/03/2016
Analysis  
Updated: Angel Gold Corp
Angel Gold Corp is a new company with three early exploration projects in Colombia. Their lead geologist is very good and made the Ventana discovery. This is a very high risk speculation stock until they make a discovery. They acquired the El Porvenir...  more
05/03/2016
General  
April 2016 Newsletter Posted
The April 2016 newsletter has just been posted. If you're set to receive a notification via email, it will be arriving shortly.  more
05/02/2016
Analysis  
Updated: Kinross Gold Corp.
Kinross Gold is a major with 2.8 million oz of gold equivalent production. Their all-in costs for 2016 are projected to be around $1100 (gold equivalent cash costs per oz around $750). They are a growth company with plans to expand production to 4...  more
05/02/2016
Analysis  
Updated: Newmont Mining Corp
Newmont Mining is a solid major, although growth will be flat at around 5 million oz until 2018. They have 125 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($18 billion fully...  more
05/01/2016
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 ramped up to 500,000 oz in 2016, and likely 650,000 oz by 2018. All-in costs are around $1000 per oz. Thus, they will be able to...  more
05/01/2016
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 ramped up to 500,000 oz in 2016, and likely 650,000 oz by 2018. For that much production, they only have $350 million in debt. All-i  more
05/01/2016
Analysis  
Updated: Goldcorp Inc.
GoldCorp is growing and plans to increase gold production from 3 million oz in 2015, to 4 million oz in 2018. Until recently, they had very low cash costs, but in 2014 their cash costs jumped to about $600 and all-in costs to about $1000 per oz. Those...  more
05/01/2016
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 2016 and 200,000 oz around 2018. In 2015, they purchased St...  more


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