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News from July 2016

07/30/2016
Analysis  
Updated: Sirios Resources Inc
Sirios Resources is a project generator with a focus on Quebec, Canada. They recently had a gold discovery with their Cheechoo project (17,000 acres). It has a 900 meter strike length at .4 gpt. That is low grade, but when gold prices rise it could be...  more
07/30/2016
Analysis  
Updated: Greencastle Resources Ltd
Greencastle Resources is a new project generator. They have 3 early exploration gold properties. Their main property is Nechako on 30,000 acres in British Columbia. They spun this property into a subsidiary called Deveron Resources. The own 65% with...  more
07/30/2016
Analysis  
Added: Golden Share Resources Corp
Golden Share Mining is a project generator in Ontario, Canada. They have two early exploration projects: Berens River and Shebandowan. Both are past producing mines with historical resources (around 400,000 oz). One of these projects could easily become...  more
07/29/2016
Analysis  
Updated: CMC Metals Ltd
CMC Metals appears to be a project generator. They have one advanced project in Califoria (Radcliff), but it is a small gold mine with only 225,000 oz (7 gpt). They have 50% ownership, so they will have cash flow soon. PBI is the operator. It appears to...  more
07/29/2016
Analysis  
Updated: CMC Metals Ltd
CMC Metals is trying to become a small silver producer. They have one advanced project in California (Radcliff). It is a small gold mine with only 225,000 oz (7 gpt). They have 50% ownership, and should have cash flow soon. PBI is the operator. It...  more
07/29/2016
Analysis  
Added: Arena Minerals Inc
Arena Minerals has a large copper/gold property in Chile (425,000 acres). They have 3 JV deals where their partners have committed to spend $56 million. Arena Minerals has a 40% interest. That's a good deal. Now we just need a discovery and this stock...  more
07/29/2016
Analysis  
Added: Maritime Resources Corp
Maritime Resources has a past producing underground mine in Newfoundland (2000 to 2004). It is 2 to 3 years away from restarting production. They need permits and capex, although the amount is unknown. They recently raised $2.5 million and look like are...  more
07/28/2016
Analysis  
Updated: Centerra Gold Inc.
Centerra Gold is a large Canadian-based mid-tier producer in Kyrgyzstan and Mongolia. Their Kumtor mine in Kyrgyzstan has 8 million in P&P reserves and will produce 500,000 oz until 2023 (and maybe longer). Cash cost are around $700, making it a cash...  more
07/28/2016
Analysis  
Updated: Mountain Boy Minerals Ltd
Mountain Boy Minerals is a project generator with 9 gold/silver projects in Canada (British Columbia). They have one advanced stage gold/silver project (Silver Coin), but they only own 20%. Silver Coin is a 1.6 million oz resource that is a JV with...  more
07/28/2016
Analysis  
Added: Thor Explorations Ltd
Thor Exploration is close acquiring a gold project in Nigeria. The Segilola project is a 500,000 oz open pit deposit (3.8 gpt) with underground exploration potential. They are hoping to begin production in 2018 and completing a feasibility study next...  more
07/27/2016
Analysis  
Updated: Bullfrog Gold Corp
Bullfrog Gold has a small open pit project in Nevada (Bullfrog). It is a 470,000 deposit at .8 gpt. It is on a property where Barrick Gold mined 2 million oz from 1989 to 1999. I would expect it to have a low capex and be easy to permit. They do not have...  more
07/27/2016
Analysis  
Updated: Royal Gold Inc
Royal Gold is a royalty company based in the US. They have 37 producing properties and 22 under development, plus another 100+ in early or advanced stage exploration. They are growing production and are a growth company. They have a $5.7 billion market...  more
07/27/2016
Analysis  
Updated: Thunder Mountain Gold Inc.
Thunder Mountain Gold is small project generator focused in the U.S. They are out of cash and will have trouble raising financing if gold prices remain low. Their South Mountain project in Idaho (25% equity interest) is a small past producing mine. Their...  more
07/27/2016
Analysis  
Added: Entree Resources Ltd
Entree Gold is a project generator with two huge copper/gold projects. The Oyu Tolgoi project in Mongolia is one of the largest in the world, with 22 billion lbs of copper and 24 million oz of gold. It has an estimated mine life of 80 years. It is...  more
07/26/2016
Analysis  
Updated: Tristar Gold Inc.
TriStar Gold has a potential large open pit project (CDS) in Brazil. It is on 200,000 acres and they think it has a 10 mile trend of mineralization. Management expects to find 2 to 4 million oz at 1.3 gpt. That is early speculation, but if they hit their...  more
07/26/2016
Analysis  
Added: Vior Inc.
Vior Inc (Societe D Exploration Mineire Vior) is a project generator in Quebec, Canada. They have 4 early exploration projects, plus 20 million shares of Aurvista Gold. They have $1.4 million in cash for exploration, so they have some potential. Those...  more
07/26/2016
Analysis  
Added: Nexus Gold Corp
Nexus Gold has an early exploration project (Walker Ridge) in Nevada. They have only drilled a few holes so it is still very early exploration. This is a very high risk speculation stock, but they are in a good location for a discovery. They plan to...  more
07/25/2016
Analysis  
Updated: Northern Vertex Mining Corp
Northern Vertex Mining has an advanced project in Arizona called Moss. It is a 425,000 oz (gold equivalent, including silver) resource at .8 gpt. The feasibility study has excellent economics with only a $33 million capex. The IRR is 44% at $1300 gold....  more
07/25/2016
Analysis  
Added: Zephyr Minerals Ltd.
Zephyr Minerals is advancing a small high grade gold project (Dawson) in Colorado. It is currently only 150,000 oz, so they will need exploration success to extend the mine life. They are working on a PEA and hope to begin production in 2018. The capex...  more
07/25/2016
Analysis  
Added: WPG Resources Ltd
WPG Gold is a small producer in Australia. They have 3 projects and the potential to be a growth company. Currently they are low on resources around 900,000 oz. However, they have a good management team and significant exploration potential. Their...  more
07/24/2016
Analysis  
Updated: Radius Gold Inc
Radius Gold is a project generator with early exploration projects in Idaho, Mexico, and Guatemala. They sold their advanced projects for $20 million in 2012 and are now starting over. They do have a JV with Fortuna in Mexico (Tiacolula). Plus the have...  more
07/24/2016
Analysis  
Updated: Renaissance Gold Inc
Renaissance Gold is a project generator. They have 13 properties in Nevada and Utah. The company was formed in 2010 when Fronteer Gold purchased AuEx Gold. The AuEx management team received the new company. I think this company has a lot of potential,...  more
07/24/2016
Analysis  
Updated: Tristar Gold Inc.
TriStar Gold has a potential large open pit project (CDS) in Brazil. It is on 200,000 acres and they think it has a 10 mile trend of mineralization. Management expects to find 2 to 4 million oz at 1.3 gpt. That is early speculation, but if they hit their...  more
07/23/2016
Analysis  
Updated: Scorpio Gold Corp
Scorpio Gold is a small producer in Nevada (production began in 2011). The have a FD market cap of $8 million and are a possible bagger long term at higher gold prices. Their problem is growth and limited resources (currently around 150,000 oz). They...  more
07/23/2016
Analysis  
Updated: Skeena Resources Ltd
Skeena Resources has 3 solid projects in the golden triangle in northern British Columbia. Investors have bid up their FD market cap to $48 million, even though they do not have a PEA on any of their projects. They appear to be a project generator. Their...  more
07/23/2016
Analysis  
Added: Middle Island Resources Ltd
Middle Island Resources recently obtained a past producing mine (Sandstone) for $2.5 million. They have no debt and enough cash to put it back into production. The resource is 500,000 oz at 1.4 gpt. They plan to do a PFS (pre-feasibility study) this year...  more
07/22/2016
Analysis  
Updated: Aura Silver Resources Inc.
Aura Silver is small project generator, but they have two very large properties with significant potential. The 130,000 acre Taviche property is near Fortuna's high grade San Jose mine. They have already found significant high grade silver (initial...  more
07/22/2016
Analysis  
Updated: AXMIN Inc.
Axmin Inc. is highly undervalued at less than $2 per oz in the ground (future reserves) and a FD market cap of $3.5 million. They have a large 3 million oz (2 gpt) surface project in CAR (Central African Republic) called Passendro. The problem is that...  more
07/22/2016
Analysis  
Updated: Benton Resources Inc
Benton Resources is a project generator with an advanced project in Newfoundland, Canada. It's a small (400,000 oz) high grade open pit and underground project. They recently completed a PEA and formed a 50% JV. The capex is high at $47 million, but it...  more
07/21/2016
Analysis  
Updated: Kerr Mines Inc
Kerr Mines (formerly Armistice Resources) had two very good properties and they were producing 20,000 oz per year in 2013. However, low gold prices killed them. They got into debt and had to sell all of their valuable properties: Larder Lake, Kerr-Addison  more
07/21/2016
Analysis  
Updated: Everton Resources Inc
Everton Resources is a project generator with several properties with potential (12 projects in the Dominican Republic). They have a FD market cap of only $3.5 million. They have a JV with Hecla Mining that looks promising. Their APV project (10,000...  more
07/21/2016
Analysis  
Updated: Minco Gold Corp.
Minco Gold is a small Canadian exploration company focused on China. The best thing they have going for them is 18% ownership of Minco silver. They sold their main property (Changkeng) in 2015 for $10 million and the stock has crashed 80%. They don't...  more
07/20/2016
Analysis  
Updated: Golden Tag Resources Ltd
Golden Tag Resources has an excellent silver project (San Diego) in Mexico. It is a 110 million oz resource (2 opt) with significant offsets of lead and zinc (1 billion lbs of each) to make it a potential low cost mine. Plus, they are still drilling and...  more
07/20/2016
Analysis  
Added: Geopacific Resources Ltd
Geopacific Resources has an 80% option for a 2 million oz open pit project (Woodlark Island) in Papua New Guinea. They have to spend $18.5 million over 3.5 years to get the option. It is permitted and has a feasibility study, so basically they have...  more
07/19/2016
Analysis  
Updated: Amarc Resources Ltd.
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). They have six properties in British Columbia that look promising. However, none of them are advanced and I would not expect any cash flow for...  more
07/19/2016
Analysis  
Updated: Redstar Gold Corp
Redstar is a project generator without an advanced stage project. However, they have 3 JV’s on their 13 properties and likely will add more JVs. Their fully diluted market cap is $21 million, so investors like their chances. It is a high risk...  more
07/19/2016
Analysis  
Updated: Idm Mining Ltd
IDM Mining recently optioned a project in Canada from Seabridge Gold. Red Mountain is an advanced project with a positive PEA. It is economic with a high IRR (35% after-tax), but a short mine life. The cash costs are projected to be around $500 per oz....  more
07/18/2016
Analysis  
Updated: Mawson Resources Ltd
Mawson Resources is a new project generator focusing in Sweden and Finland. They do not yet have any JV deals, but they have a big project in Sweden called Rompas. They began initial drilling (4,000 meters) in 2012 and results were very promising: 5...  more
07/18/2016
Analysis  
Added: Rupert Resources Ltd
Rupert Resources is trying to restart a gold mine in Finland. The stock has ran from 2 cents to 60 cents in 2016. However, most of the upside is now gone unless they are very successful with exploration. The property is large (30,000 acres) and has a few...  more
07/17/2016
Analysis  
Updated: Gainey Capital Corp
Gainey Capital is a gold and silver mining company. They have a 300 tpd mill that is giving them cash flow in Mexico as a tolling operation. Plus, they have an interesting property of high grade silver. El Colomo is large (45,000 acres) and next to some...  more
07/17/2016
Analysis  
Added: Minera Alamos Inc
Minera Alamos recently purchased an advanced gold project (La Fortuna). It is only a 300,000 oz deposit, but it is a good grade (2 gpt) open pit. They plan to release a PFS (pre-feasibility study) in 2016 and make a construction decision in early 2017....  more
07/16/2016
Analysis  
Updated: East Africa Metals Inc
East Africa Metals is a new project generator. They arose from a spin-out from Canaco Resources in 2012. They have four large properties in Tanzania and Ethopia. The Magambazi project (25,000 acres) is a 30% JV with a Chinese producer. It is a 1 million...  more
07/16/2016
Analysis  
Updated: Southern Arc Minerals Inc
Southern Arc Minerals is a project generator focused in Indonesia. They have had several successful discoveries but never seem to able to monetize them into shareholder value. It has been a nightmare stock for investors, falling from $20 to .54 cents (adj  more
07/16/2016
Analysis  
Added: Latin American Minerals Inc
Latin American Minerals has an early exploration project (Paso Yobai) in Paraguay. They want to call it advanced exploration, because they have been working on it since 2012. However, it only has a few drill holes. They have discovered a vein that is...  more
07/15/2016
Analysis  
Updated: Asante Gold Corp
Asante Gold is a new company focused in Ghana, West Africa. They have an option to obtain 100% of the Kubi project (see terms below). They currently have 50% ownership, but must spend $15 million within 2 years to keep it. It is a 300,000 oz high grade...  more
07/15/2016
Analysis  
Updated: Orca Gold Inc
Orca Gold is a new exploration company that arose out of Canaco Resources. They have $16 million in cash and 2 million acres on 3 properties in Sudan. Their Block 14 project is 2.2 million oz at 1.8 gpt and is still early exploration. This is a mine that...  more
07/15/2016
Analysis  
Updated: Orca Gold Inc
Orca Gold arose out of Canaco Resources a couple of years ago. Their Block 14 project in the Sudan (East Africa) is 2.2 million oz at 1.8 gpt. A PEA is due in 2016. They have $16 million in cash and 2 million acres on 3 properties in Sudan. and is still...  more
07/15/2016
Analysis  
Updated: Gran Colombia Gold Corp
Gran Colombia Gold has big upside potential, but also big risk. They have large resources (12 million M&I gold) and are targeting 400,000 oz of production long term. They are currently producing about 120,000 oz with cash costs under $700 per oz and all-i  more
07/14/2016
Analysis  
Updated: Asante Gold Corp
Asante Gold is a new company with one property in Ghana, West Africa. They have an option to obtain 100% of the Kubi project. They currently have 50% ownership. It is a 300,000 oz high grade deposit on 12,000 acres with considerable exploration potential.  more
07/13/2016
Analysis  
Updated: Tomagold Corp
Tomagold Corp. is a new project generator in Canada. They have 33,000 acres in Quebec on 7 properties that are all next to each other. They have a 25% JV deal with IAMGold on their Monster Lake project (7,000 acres). IAMGold has to spend $16 million on...  more
07/13/2016
Analysis  
Updated: Silver Predator Corp
Silver Predator Corp. is a new company focusing on Nevada. They have two advanced projects they are trying to JV. Their Taylor mine is a 20 million oz (60 gpt) silver resource on a past producing mine with a working mill. The capex should be low and I...  more
07/13/2016
Analysis  
Added: Westhaven Ventures Inc
Westhaven Ventures is a project generator in Canada. They have two large early exploration projects in British Columbia. Prospect Valley is a gold discovery with 150,000 oz. Shovelnose also appears to be a gold discovery, but needs to be drilled. They...  more
07/11/2016
Analysis  
Updated: Goldmining Inc
Brazil Resources is a relatively new company trying to build their first mine. 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...  more
07/11/2016
Analysis  
Updated: Goldmining Inc
Brazil Resources is a relatively new company trying to build their first mine. 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...  more
07/11/2016
Analysis  
Updated: Granada Gold Mine Inc
Gold Bullion Development is a near term producer in Canada. It is undervalued with a FD market cap of only $32 million. The Granada property in Quebec is on 17,000 acres. It is a shallow surface mine (and a potential underground mine) with an estimated 3.  more
07/11/2016
Analysis  
Updated: Unigold Inc.
Unigold Inc has a large gold discovery in the Dominican Republic. The Candelones project (50,000 acres) is approaching late stage development. They have already found 2 million oz at 1.5 gpt (inferred) and have 25 more targets. Plus, they have another...  more
07/11/2016
Analysis  
Updated: Chalice Gold Mines Ltd.
Chalice Gold is a small project generator based in Australia. They sold their Cameron project to First Mining Finance in 2016 for an 8% ownership in First Mining Finance. Now they are left with $35 million cash and now projects. They will likely buy a...  more
07/10/2016
Analysis  
Updated: Freegold Ventures Ltd
Freegold Ventures has a large gold project in Alaska. The Golden Summit project (6.5 million oz at .6 gpt) is in a good location, only 20 miles from Fairbanks and 5 miles from a large Kinross surface mine. They have a FD market cap of $30 million, but...  more
07/10/2016
Analysis  
Updated: Granada Gold Mine Inc
Gold Bullion Development is a near term producer in Canada. It is undervalued with a FD market cap of only $32 million. The Granada property in Quebec is on 17,000 acres. It is a shallow surface mine (and a potential underground mine) with an estimated 3.  more
07/10/2016
Analysis  
Updated: Banyan Gold Corp
Banyan Gold is an interesting stock. They have a FD market cap of only $2 million and an open pit project in the Yukon. The Hyland Gold project is a 350,000 oz (.9 gpt) resource with silver offsets. This could be a 25+ bagger if they get into production...  more
07/09/2016
Analysis  
Updated: Amarillo Gold Corp
Amarillo Gold has two excellent projects in Brazil. The Mara Rosa project (1.3 million oz at 1.6 gpt) is economic (30% after-tax IRR at $1300 gold) with cash costs of only $550 per oz. They are working on permitting, but are low on cash. After permitting...  more
07/08/2016
Analysis  
Updated: B2gold Corp.
B2Gold is an emerging major with 6 producing mines in Nicaragua, Colombia, Philippines, Namibia, Burkina Faso, and Mali. Production is scheduled to increase from 500,000 oz in 2016 to 800,000 oz by 2018. They have low cash costs at $650 per oz. These low...  more
07/08/2016
Analysis  
Updated: First Majestic Silver Corp
First Majestic Silver is a large silver producer in Mexico. They have 6 producing mines at 12.5 million oz of silver with 100 million oz of reserves and 300 million oz of resources. Their production total is expected to reach 18 million oz by 2021. They...  more
07/07/2016
Analysis  
Updated: SSR Mining Inc
Silver Standard Resources (SSRI) has significant potential. They have 800 million oz of silver resources and 8 million oz of gold. Plus, they have 1 million acres of exploration land. Production should steadily rise. Currently, the Pirquitas mine in...  more
07/07/2016
Analysis  
Updated: Vista Gold Corp.
Vista Gold has a large project in Australia called Mt Todd (8 million oz at .8 gpt, but only 72% recovery rate) with huge upside potential. One red flag is they might not be able to finance the capex, which is projected to be over $500 million. Another...  more
07/06/2016
Analysis  
Updated: Argonaut Gold Inc
Argonaut Gold is a solid mid-tier producer. There is a lot to like about this company. Their production is forecasted to grow from 135,000 oz in 2016 to 400,000 by 2020. They have two producing mines in Mexico with all-in costs (free cash flow) around $11  more
07/06/2016
Analysis  
Updated: Gowest Gold Ltd
Gowest Gold is advancing to production in Canada. They only have one project (North Timmins), but it is large (27,000 acres) and has 17 targets. Plus, the Bradshaw deposit is a 1.2 million oz (4 gpt) resource that looks like a sure thing. It is a high...  more
07/05/2016
Analysis  
Added: Malachite Resources Ltd
Malachite Resources has a small high grade gold project (Lorena) in Australia. They only have 50% ownership which limits their upside potential. The project appears to be permitted and near production. Their company presentation is from 2014, so I don't...  more
07/05/2016
Analysis  
Added: New Oroperu Resources Inc
New Oroperu is a small project generator in Peru. They have a 30% interest in a 3.2 million oz deposit being developed by Barrick Gold. This mine is likely to be built because of its large size. However, it is still early development and will not get...  more
07/03/2016
Analysis  
Added: Anova Metals Ltd
Anova Metals in an Australian company with a gold project in Nevada. Currently the stock is only trading in Australia. Their Big Springs project is currently a 1 million oz deposit at 2 gpt. It is both an open pit and underground project with higher...  more
07/01/2016
Analysis  
Updated: Medusa Mining Ltd.
Medusa Mining is a mid-tier producer in the Philippines. They plan to produce about 120,000 oz in 2016 (Co-O mine). With low cash costs around $500 per oz and all-in costs (free cash flow) under $1000, that creates an opportunity for significant cash...  more
07/01/2016
Analysis  
Added: Quebec Precious Metals Corp
Canada Strategic Metals has a gold discovery in Quebec. It is still early exploration and the size of the discovery is unknown. They are out of cash and will need to dilute soon to continue drilling. The Sakami-Apple project (70% ownership) is in a good...  more
07/01/2016
General  
June 2016 Newsletter Posted
The June 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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