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News from June 2016

06/30/2016
Analysis  
Added: Coronet Metals Inc
Coronet Metals has a small tailing project (White Caps) in Nevada. It is 30,000 oz and they have a mill. They are hoping to mine 6,000 oz per year for a very low capex. Then they want to use this cash flow for exploration at the mine site. This is a very...  more
06/30/2016
Analysis  
Added: Coronet Metals Inc
Coronet Metals has a small tailing project (White Caps) in Nevada. It is 30,000 oz and they have a mill. They are hoping to mine 6,000 oz per year for a very low capex. Then they want to use this cash flow for exploration at the mine site. This is a very...  more
06/30/2016
Analysis  
Added: Silver Mines Ltd.
Silver Mines Ltd is the largest pure silver miner in Australia. They recently purchased the Bowdens Silver project, which is the largest undeveloped silver project in Australia (150 million oz). It is relatively low grade (50 gpt) and will need $20...  more
06/30/2016
Analysis  
Added: Pantoro Ltd
Pantoro Ltd is a small gold producer in Australia. I'm not sure why investors like the company so much. It has a FD market cap of $60 million and are only producing 16,000 oz a year, and are losing money. There is an expectation that they will lower...  more
06/27/2016
Analysis  
Updated: Eagle Plains Resources Ltd.
Eagle Plains Resources is a project generator in Western Canada that has been around since 1992. They have amassed 35 projects (19 have gold or silver) and have several JV deals. They would have more, but utilize a spin-out strategy once a project...  more
06/27/2016
Analysis  
Added: Adamera Minerals Corp
Adamera Minerals is hoping to become a small gold producer within 4 years. They have several targets in an area in Washington State near a mill that is closing next year. They are confident they can find at least 200,000 oz at 5 gpt, and potentially 1...  more
06/26/2016
Analysis  
Updated: 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
06/26/2016
Analysis  
Added: Westkam Gold Corp
Westkam Gold has a high grade discovery in Canada. The Bonaparte project is on 5,000 acres and has several drilling targets. They are low on cash, so expect dilution. There is chance they could have a mine. It is high grade narrow veins. What do know is...  more
06/25/2016
Analysis  
Added: Altamira Gold Corp.
Equitas Resources is a small gold producer in Brazil. They are ramping up to be a 30,000 oz producer over the next three years. Plus, they have 450,000 acres to explore on 6 properties. This could be easily become a growth company. Their drill results...  more
06/24/2016
Analysis  
Updated: Avrupa Minerals Ltd
Avrupa Minerals is a Canadian based Project Generator that is exploring in Europe. They have 12 projects, most of which are primarily base metals (Copper and Tungsten), and are focusing in Portugal and Kosovo. They have 3 JVs, one in Germany and two in...  more
06/23/2016
Analysis  
Updated: Terraco Gold Corp
Terraco Gold is a speculation stock, but it has some upside potential. The have a 3% NSR on the 5 million oz Spring Valley project in Nevada. This will give them $5 million to $20 million in annual free cash flow (depending on the gold price), once the...  more
06/22/2016
Analysis  
Updated: Cartier Resources Inc.
Cartier Resources is a project generator focusing in Quebec. They have 7 gold projects and are drilling, but have not yet found an advanced project or made any JV deals. None of their properties have a 43-101 resource estimate, and are either past...  more
06/21/2016
Analysis  
Updated: Rambler Metals & Mining Plc
Rambler Metals and Mining is a copper and gold producer in Canada. They are producing 600 tpd and plan to increase production to 1250 tpd in 2017. Most of the production is copper. They have a single long life mine (Ming) that began production in 2012....  more
06/21/2016
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. However, they recently restructured their silver loan which will lower their...  more
06/21/2016
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. However, they recently restructured their silver loan which will lower their...  more
06/20/2016
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. They recently signed a 5 year option for the...  more
06/20/2016
Analysis  
Updated: Condor Resources Inc.
Condor Resources is a relatively new project generator. They have 11 properties and 3 JVs, which are early stage exploration (one is a copper JV with BHP). Currently they are drilling two projects, which they hope to JV. I like the locations where they...  more
06/20/2016
Analysis  
Updated: Crusader Resources Ltd.
Crusader Resources is an iron ore producer in Brazil. They had $5 million in cash flow in 2014, but lost money in 2015. That are trying to develop two gold projects in Brazil. Borborema is a 2.5 million oz deposit at 1.1 gpt. Their second project is...  more
06/18/2016
Analysis  
Updated: Athena Silver Corp
Athena Silver has a good property with 50 million ounces (60 gpt) (historical deposit). The recovery rates is estimated to be only 65%, but I would not be surprised if that is increased. That equates to about 2 million oz of production for a long life...  more
06/18/2016
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. However, they recently restructured their silver loan which will lower their...  more
06/18/2016
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. However, they recently restructured their silver loan which will lower their...  more
06/17/2016
Analysis  
Updated: Angkor Gold Corp
Angkor Gold Corp. is a project generator in Cambodia. Whereas most stocks have crashed since 2010, their stock price has held. They made a 7% NSR deal on their PS property and expect a royalty stream to begin in 2017. This will give them cash to drill on...  more
06/17/2016
Analysis  
Updated: Aurcana Corp
Aurcana Corp had a market cap of $545 million in 2011 and everything looked great. Then silver prices collapsed from 2011 to 2015. They lost their La Negra mine in 2015 (which was producing 3 million oz per year) to payoff their outstanding debt. Now all...  more
06/16/2016
Analysis  
Updated: Klondike Gold Corp.
Klondike Gold has three properties in the Yukon totaling 60,000 acres. There is gold on these properties and if gold prices explode in value, this company should do well. Currently they do not have any advanced projects and are not doing a lot of...  more
06/15/2016
Analysis  
Updated: Regulus Resources Inc
Regulus Resources is a project generator with two large copper projects. Both are early exploration and they are drilling. They acquired the Southern Legacy Minerals in 2015, which had a 3 billion lb copper project (Antakori), with 3.4 million oz of gold...  more
06/14/2016
Analysis  
Updated: DELETE - Rio Silver Inc
Rio Silver Inc. has a silver exploration project in Peru. They are having difficulty raising cash and the risk level is extreme. They have a FD market cap of $1 million. Their Ninobamba silver project looks interesting, but financing is an issue. The...  more
06/13/2016
Analysis  
Updated: Beaufield Resources Inc
Beaufield Resources has four significant gold properties, but all are early exploration. The first one is called Tortigny on 75,000 acres in Quebec. It is not yet optioned, but likely will be soon. The drill results from Tortigny have been good and it is...  more
06/13/2016
Analysis  
Added: Probe Metals Inc
Adventure Gold is a high risk speculation stock with 25 bagger potential. It is a relatively new company with a FD market cap of $8 million. They have 23 properties (150,000 acres) in Quebec and Ontario, which are all located next to large mines in...  more
06/13/2016
Analysis  
Added: Probe Metals Inc
Probe Metals (recent merger with Adventure Gold) is a high risk speculation stock with a lot of exploration potential. It is a relatively new company with a FD market cap of $8 million. They have 23 properties (150,000 acres) in Quebec and Ontario, which...  more
06/12/2016
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 58 million oz resource of extremely high grade silver. The first 5 years of production will be at 900 gpt (30 oz per ton). That was not a typo,...  more
06/11/2016
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
06/11/2016
Analysis  
Updated: Defiance Silver Corp
Defiance Silver is a high risk / high return stock. It is a new company with an $5.5 million option to purchase the historic San Acacio mine in the Zacatecas Silver district in Mexico ($4.6 million is due in 2018). They need to raise at least $10...  more
06/11/2016
Analysis  
Added: Solgold Plc
Solgold has a large copper/gold project in Ecuador. It appears to have around 5 million oz of gold at .5 to 1 gpt. A resource estimate is due in 2016. The large copper offsets could make this a low cost gold mine, but they are treating it as a low cost...  more
06/10/2016
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 today it is $2.15. They have $40 million in cash...  more
06/09/2016
Analysis  
Updated: Avino Silver & Gold Mines Ltd
Avino Silver & Gold is a mid-tier silver producer in Mexico. They will produce 3 million oz of silver equivalent in 2016 with all-in costs around $14 per oz (free cash flow). And they think they can increase production to 4 million oz and reduce costs...  more
06/09/2016
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 .35 cent price ($33 million fully diluted),  more
06/08/2016
Analysis  
Updated: Comstock Mining Inc
Comstock Mining is a small gold producer in Nevada. They 3 million oz of gold equivalent (including silver) and started production in 2012. They have a large 7,500 acre property with significant exploration potential. I expect production to reach at...  more
06/08/2016
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
06/08/2016
Analysis  
Updated: Falco Resources Ltd
Falco Resources has a large gold project 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. It is a 4.5 million oz...  more
06/07/2016
Analysis  
Updated: Lydian Intl. Ltd.
Lydian International has a solid property called Amulsar in Armenia. It is a 5 million oz resource (3 million M&I at .7 gpt). And it is all near surface oxides, which are low cost to mine. Production is forecasted for 2018, with a goal of 200,000 to 250,0  more
06/07/2016
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 under $1100 per oz. Plus, over 1 million acres of exploration properties. Production is forecasted to...  more
06/07/2016
Analysis  
Updated: Teranga Gold Corp
Teranga Gold is a mid-tier producer in Senegal. Their production should increase over of the next few years from 225,000 oz in 2016 to perhaps 250,000 oz in 2019. They get about 80% of the profits (the rest go to hedging and the Senagal government). Cash...  more
06/06/2016
Analysis  
Updated: Mcewen Mining Inc
McEwen Mining is a mid-tier gold and silver producer. In 2016, they will produce 100,000 oz of gold and 3 million oz of silver and (150,000 oz of gold equivalent). By 2018, they should be producing somewhere around 170,000 oz gold equivalent (including...  more
06/06/2016
Analysis  
Updated: Midas Gold Corp
Midas Gold has a very large gold project in Idaho that is heading to production around 2022. 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 cap of $117 million,...  more
06/05/2016
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
06/05/2016
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. However, they have been aggressive, purchasing Orko Silver, Paramount Gold, and a mine from Gold Corp. In 2016, they...  more
06/05/2016
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. They currently produce around 3 million oz of silver...  more
06/04/2016
Analysis  
Updated: Coral Gold Resources Ltd.
Coral Gold appears to be an excellent long-term speculation stock, but there is substantial risk. They have a 2.6 million oz inferred resource (.5 gpt). It is a near surface oxide mine, which are cheap to build and operate. And the FD market cap is only $  more
06/04/2016
Analysis  
Updated: IAMGOLD Corp
IAMGOLD is a global mid-tier producer, with production at 800,000 oz. They have 4 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
06/03/2016
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
06/02/2016
Analysis  
Added: Rugby Mining Ltd
Rugby Mining is a new project generator. They have several projects to pick from to explore. They have properties in Colombia, Australia, and the Philippines. Their main properties are in Colombia, where they have 5 on 200,000 acres. They will be...  more
06/01/2016
Analysis  
Updated: Rio2 Ltd
Atacama Pacific Gold has a large gold project (Cerro Maricunga) in Chile. It is a 4 million oz, low grade (.4 gpt) oxide surface mine. They released a PFS in 2014 to mine 250,000 oz per year. The cash costs are projected to be around $700 per oz, making...  more
06/01/2016
General  
May 2016 Newsletter Posted
The May 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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