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News from February 2017

02/28/2017
Analysis  
Added: Torq Resources Inc
Stratton Resources (formerly Tribune Minerals) has a large (300,000 acres) property in Newfoundland. They are cashed up for exploration with $4 million in the bank. Plus, they are currently trying to raise an additional $10 million. If that financing...  more
02/28/2017
Analysis  
Added: Eloro Resources Ltd
Eloro Resources is a project generator focused in Peru. They have 3 large early exploration projects. La Victoria (22,000 acres) is the most exciting. It will be drilled for the first time in 2017 and has 4 zones to drill. It is in a prolific area that...  more
02/28/2017
Analysis  
Added: Macdonald Mines Exploration Ltd.
MacDonald Mines is a small exploration company in Canada. They have a gold discovery in Ontario (Wawa Holdsworth) that looks interesting. There has not been much drilling, but surface samples have been encouraging. It is in an excellent location near...  more
02/28/2017
Analysis  
Added: Sunvest Minerals Corp
Sunvest Minerals is a small exploration company in Canada. They have a gold discovery in Ontario. Their McKinnon-Hawkins project (13,000 acres) could become a mine. It is a 240,000 oz (1.5 gpt) deposit that they are drilling and is growing in size. I...  more
02/28/2017
Analysis  
Added: Stelmine Canada Ltd
Stelmine Canada is an exploration company focused in Canada. They have been collecting properties in Quebec. They now have 5 on 90,000 acres. All 5 are on large properties. However, they are also early exploration without any discoveries. This is why...  more
02/27/2017
Analysis  
Updated: Silver Dragon Resources Inc
Silver Dragon has a FD market cap of $3 million. It has 6 joint venture projects in China. Their joint venture partner is Sino-Top, a Chinese company, who is the developer/operator (although Silver Dragon appears to be highly involved). Silver Dragon has...  more
02/27/2017
Analysis  
Updated: Surge Copper Corp
Gold Reach Resources has a copper/gold project in Canada. Their flagship Ootsa project in British Columbia is mostly a copper deposit. Ootsa has 2+ billion lbs of copper, but also 1.5 million oz of gold equivalent (1 million oz of gold and 20 million oz...  more
02/27/2017
Analysis  
Updated: Surge Copper Corp
Gold Reach Resources has an advanced large copper/gold project in Canada. Their flagship Ootsa project in British Columbia is mostly a copper deposit. Ootsa has 2+ billion lbs of copper, but also 1.5 million oz of gold equivalent (1 million oz of gold...  more
02/26/2017
Analysis  
Updated: Plata Latina Minerals Corp
Plata Latina Minerals is a new project generator focusing on silver in Mexico. They have 3 early exploration projects Palo Alto, Vaquerias, and La Joya) on 25,000 acres. The best thing they have going for them is the location of their projects, which are...  more
02/26/2017
Analysis  
Updated: Crater Gold Mining Ltd
Crater Gold Mining is a near-term small producer in Papua New Guinea. Their Crater Mountain project (45,000 acres) has substantial potential in a very good location. They plan to begin mining their HGZ (High Grade Zone) deposit in 2017. It is a high...  more
02/26/2017
Analysis  
Added: Antler Gold Inc
Antler Gold is a new project generator focused in Canada (formed in 2016). They have a single project (Wilding Lake) in Newfoundland (a good location) on 50,000 acres. Early trenching has been promising and they have been able to raise money for drilling.  more
02/25/2017
Analysis  
Updated: Puma Exploration Inc
Puma Exploration is a project generator focused in Canada. They have four projects in New Brunswick. All of them have potential. Nicholas-Deny (15,000 acre) has the 6 mile Rocky Brook Corridor that has returned some high grade silver drill results. The...  more
02/25/2017
Analysis  
Added: Endurance Gold Corp.
Endurance Gold is a project generator focused in North America (USA, Canada). They own 24% of Inventus Mining, which could be very lucrative. They also have a 2% NSR on the Rattlesnake Hills gold project in Wyoming, which is a likely large mine in the...  more
02/24/2017
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 $2.72 with a $1.2 billion FD market cap. Cash costs are around $700 per oz, plus their balance...  more
02/24/2017
Analysis  
Updated: Surge Copper Corp
Gold Reach Resources is an exploration company in Canada. Their flagship Ootsa project in British Columbia is really a copper deposit. Ootsa has 2+ billion lbs of copper, but also 1.5 million oz of gold and silver equivalent (1 million oz of gold and 20...  more
02/23/2017
Analysis  
Updated: Bravada Gold Corp.
Bravada Gold has a small market cap of $6 million fully diluted. They have 12 Properties (25,000 acres) in Nevada with exploration potential. The company was a roll out from Bravo Gold and is a relatively new project generator. Their best property is...  more
02/23/2017
Analysis  
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 4 active properties and 12 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
02/23/2017
Analysis  
Updated: Precipitate Gold Corp
Precipitate Gold is a new company started in 2012. They have a small market cap of $9 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
02/22/2017
Analysis  
Updated: Nulegacy Gold Corp
NuLegacy Gold has an early exploration project in Nevada (Iceberg and Avocado deposits on the Red Hill Property). It is nearby Barrick Gold’s 14 million oz Goldrush open pit deposit. It could be another large open pit. The early drill results have been...  more
02/22/2017
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...  more
02/22/2017
Analysis  
Added: Chilean Metals Inc
Chilean Metals has 5 copper/gold properties in Chile totaling 50,000 acres. I don't see any drill results on their website, but investors like their chances. They have a FD market cap of $18 million. Management appears to have significant experience in...  more
02/22/2017
Analysis  
Added: ML Gold Corp
ML Gold is an exploration company focused in Canada and Nevada. They are preparing to drill 3 of their projects. One of them (Palmetto) is a gold mine in the making in Nevada. It is a 750 meter strike with very good historical drill results. I think they...  more
02/22/2017
Analysis  
Added: Magnum Goldcorp Inc
Magnum Gold has a single exploration project in Canada (British Columbia). The LH project has some historical drilling, plus 11 drill holes in 2015. They do have a discovery hole (17 meters at 13 gpt and 57 meters at 3.8 gpt). I'm not sure of the size of...  more
02/21/2017
Analysis  
Added: Aurelius Minerals Inc
Aurelius Minerals has two early exploration projects in Canada (Ontario). Neither of which have had much drilling. Their Lipton project (27,000 acres) is near Detour Gold's large mine. They are excited that it could also hold a large mine. However, they...  more
02/21/2017
Analysis  
Added: Reunion Gold Corp.
Reunion Gold has two early exploration projects in South America (French Guiana). Both have strict options that require advanced project by 2022. Haute Mana (30,000 acres) is an 80% option that requires a PEA by 2022. Dorlin (20,000 acres0 is a 75%...  more
02/21/2017
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
02/21/2017
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
02/20/2017
Analysis  
Updated: Golden Queen Mining Co.
Golden Queen Mining is a small gold producer in California. 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 the silver offsets, all-in costs are...  more
02/20/2017
Analysis  
Updated: Monument Mining Ltd.
Monument Mining is a small gold producer in Malaysia and Australia. They will produce about 25,000 oz in 2017 and they have a FD market cap of $26 million. The stock is cheap, and they have significant upside potential. They only have about 1.5 million...  more
02/20/2017
Analysis  
Updated: Monument Mining Ltd.
Monument Mining is a small gold producer in Malaysia and Australia. They will produce about 25,000 oz in 2017 and they have a FD market cap of $26 million. The stock is cheap, and they have significant upside potential. They only have about 1.5 million...  more
02/20/2017
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
02/19/2017
Analysis  
Updated: Saracen Mineral Holdings Ltd.
Saracen Mineral Holdings is a mid-tier gold producer in Australia. They have two operations (Carosue and Thunderbox) that are each producing 150,000 oz per year. All-in costs are around $1000 per oz, and are forecasted to remain low. They have large...  more
02/19/2017
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
02/19/2017
Analysis  
Added: Hi Ho Silver Resources
Hi Ho Silver is a small project generator focused in Canada (British Columbia). All of their projects are early exploration and are mostly gold. They have a tiny market cap under $1 million. I decided to add them to the database because of their catchy...  more
02/19/2017
Analysis  
Added: Hi Ho Silver Resources
Hi Ho Silver is a small project generator focused in Canada (British Columbia). All of their projects are early exploration and are mostly gold. They have a tiny market cap under $1 million. I decided to add them to the database because of their catchy...  more
02/18/2017
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 300 tpd - if they can sign enough contracts with gold producers. They estimate free cash flow to be about $3 million...  more
02/18/2017
Analysis  
Added: Metals Exploration Plc
Metals Exploration is a mid-tier gold producer in the Philippines. Their Runruno project has 1.4 million oz (1.7 gpt) with low costs. They plan to produce 100,000 oz for 10 years. The bad news is that the Philippines has been rethinking their mining...  more
02/17/2017
Analysis  
Updated: Ramelius Resources Ltd.
Ramelius Resources is a mid-tier producer in Australia. They are producing 125,000 oz with low all-in costs around $1000 per oz. They have a FD market cap of $293, which has nearly tripled in value in the last year. They have low resources at 2 million...  more
02/17/2017
Analysis  
Updated: Saracen Mineral Holdings Ltd.
Saracen Mineral Holdings is a mid-tier gold producer in Australia. They have two operations (Carosue and Thunderbox) that are each producing 150,000 oz per year. All-in costs are around $1000 per oz, and are forecasted to remain low. They have large...  more
02/17/2017
Analysis  
Updated: Saracen Mineral Holdings Ltd.
Saracen Mineral Holdings is a mid-tier gold producer in Australia. They have two operations (Carosue and Thunderbox) that are each producing 150,000 oz per year. All-in costs are around $1000 per oz, and are forecasted to remain low. They have large...  more
02/16/2017
Analysis  
Updated: Troy Resources Ltd
Troy Resources is an emerging mid-tier producer. They have a good project in Guyana. Karouni has a 1.5 million oz (3gpt) open pit resource. Production began in 2015 and was supposed to ramp up to 90,000 oz in 2017. However, they have had problems...  more
02/16/2017
Analysis  
Added: Kore Mining
Eureka Resources is a project generator focused on gold Canada. All of their projects are early exploration. They have 2 projects in British Columbia: FG (7500 acres) is a 25% JV with Canarc with a 1 million oz (.7 gpt) resource, and Gold Creek (25,000...  more
02/15/2017
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 million in cash for exploration (plus they are currently trying to...  more
02/15/2017
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 a pre-feasibility study to build both for a capex of $47 million....  more
02/14/2017
Analysis  
Updated: Newmont Mining Corp
Newmont Mining is a solid major, although growth will be flat at around 5 million oz until 2020. They have 125 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($20 billion fully...  more
02/13/2017
Analysis  
Updated: Banyan Gold Corp
Banyan Gold has a single early exploration open pit project in the Yukon. The Hyland Gold project is a 400,000 oz (.9 gpt) resource with silver offsets. Hyland is very large at 45,000 acres and they have plenty of drill targets (16 kilometer trend). If...  more
02/13/2017
Analysis  
Added: Northern Superior Resources Inc.
Northern Superior Resources has 3 early exploration projects in Canada (Quebec and Ontario). Croteau Est (55,000 acres) is their focus. It is a 640,000 oz (1 gpt) resource that is likely to exceed 1 million oz. It appears to be a mine. My expectation is...  more
02/12/2017
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
02/11/2017
Analysis  
Added: Orla Mining Ltd
Orla Mining has an open pit project in Panama. It's not that big, but investors have bid up their FD market cap to $143 million. This is largely based on the fact that management is very good. They sold their last two companies (Grayd to Agnico Eagle for...  more
02/11/2017
Analysis  
Added: Wishbone Gold Plc
Wishbone Gold has an early exploration gold project in Australia. However, they seem to be focusing on gold trading in Dubai. They have a company presentation, but it is all about gold trading. They have a FD market cap of $10 million, so investors seem...  more
02/10/2017
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
02/10/2017
Analysis  
Updated: Sanatana Resources Inc
Sanatana Resources has a single early exploration project (Jackfish) in Ontario, Canada. It's on 19,000 acres and has never been drilled. They have about $500,000 for exploration, but will need to dilute soon. This is an extremely high risk speculation...  more
02/10/2017
Analysis  
Added: Margaux Resources Ltd
Margaux Resources has three early exploration projects in British Columbia. Jersey-Emerald is a large property (30,000 acres) with a large underground lead/zinc mine. It was last mined in the 1970s, but has a lot of underground workings. They want to...  more
02/09/2017
Analysis  
Updated: Granada Gold Mine Inc
Granada Gold Mine Inc. (previously Gold Bullion Development) is a near term producer in Canada. It is undervalued with a FD market cap of only $26 million. The Granada property in Quebec is on 17,000 acres. It is a shallow surface mine (and a potential...  more
02/09/2017
Analysis  
Updated: Metals Creek Resources Corp.
Metals Creek Resources is small exploration company. Their Ogden gold project in Ontario is still early exploration, but drill results have been very good (12 meters at 210 gpt, 75 meters at 2.2 gpt, 21 meters at 6 gpt). It's too early to tell if they...  more
02/09/2017
General  
Site Updates
New improvements to the site. See forum for details.  more
02/08/2017
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 150,000 oz with cash costs about $750 per oz and all-i  more
02/08/2017
Analysis  
Added: Arizona Silver Exploration Inc
Arizona Silver Exploration was formed in 2016. They have a single silver project (Ramsey) in Arizona. It's a past producing high grade silver mine. It has a historic hole of 46 meters at 300 gpt, plus old veins that average 2 meters at 900 gpt. The high...  more
02/08/2017
Analysis  
Added: Arizona Silver Exploration Inc
Arizona Silver Exploration was formed in 2016. They have a single silver project (Ramsey) in Arizona. It's a past producing high grade silver mine. It has a historic hole of 46 meters at 300 gpt, plus old veins that average 2 meters at 900 gpt. The high...  more
02/07/2017
Analysis  
Added: Imperial Metals Corp
Imperial Metals is mainly a copper mining company with 5 billion lbs of copper and 100 million lbs of annual production. However, they also have 18 million oz of gold (only about 50% recovery). Both their Red Chris mine (50,000 oz gold production) and Mt...  more
02/06/2017
Analysis  
Updated: Amarillo Gold Corp
Amarillo Gold has an excellent project 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 the final feasibility study, which will be released...  more
02/06/2017
Analysis  
Updated: Orvana Minerals Corp.
Orvana Minerals is an emerging mid-tier producer. Their 1.8 million ounce (4 gpt) flagship property in Spain (EVBC) began production in 2012 for a long-life mine. Currently they are only producing 50,000 oz at EVBC, but that should increase over time....  more
02/06/2017
Analysis  
Added: Peloton Minerals Corp
Peloton Minerals is an exploration company currently focused in Nevada. They have two gold projects (Golden Trail and Independence Valley) that could be discoveries. Both are small properties (320 acres and 785 acres). They are low on cash and will not...  more
02/06/2017
Analysis  
Added: Equinox Gold
JDL Corp (soon to be Trek Mining) is merging with Luna Gold. They will have the Aurizona project in Brazil. It is a 2 million oz open pit that is permitted. Once the finish the updated feasibility study and finance the capex ($146 million) they will...  more
02/05/2017
Analysis  
Updated: Goldmining Inc
Goldmining Inc. (previously 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...  more
02/05/2017
Analysis  
Updated: Goldmining Inc
Goldmining Inc. (previously 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...  more
02/05/2017
Analysis  
Updated: Pershing Gold Corp
Pershing Gold is a new company. They have three projects in Nevada. One is a past producing open pit mine (Relief Canyon) that they are planning to resume production in 2018. They released a PEA in 2015 with a capex of $11 million (or $22 million for...  more
02/05/2017
Analysis  
Added: Galway Metals Inc
Galway Metals has two early exploration projects in Canada. Their Clarence Stream project (500,000 oz at 7 gpt) could easily become a mine. It's on a large property (150,000 acres) in New Brunswick with significant exploration potential. Their other...  more
02/04/2017
Analysis  
Updated: Amarillo Gold Corp
Amarillo Gold has an excellent project 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 the final feasibility study, which will be released...  more
02/04/2017
Analysis  
Updated: SSR Mining Inc
Silver Standard Resources (SSRI) has significant potential. They have 725 million oz of silver resources and 7 million oz of gold. Plus, they have 1 million acres of exploration land. Production should steadily rise. Currently, the Pirquitas mine in...  more
02/04/2017
Analysis  
Added: Cascadero Copper Corp.
Cascadero Copper has some early exploration silver projects in Argentina. They also have a rare earth project in Argentina. They have a $24 million FD market cap. I'm not sure why it is so high. They do not have a company presentation and their website...  more
02/03/2017
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 (5 gpt) resource that looks like a sure thing. It is a high...  more
02/03/2017
Analysis  
Updated: Alio Gold Inc.
Timmins Gold is a mid tier producer that began producing in 2010. They are aggressive with the drill bit and have 500,000 acres to explore in Mexico on 10 properties. Their San Francisco mine is winding down. They only plan to produce 500,000 oz through...  more
02/03/2017
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
02/02/2017
Analysis  
Added: K2 Gold Corp.
K2 Gold (formerly West Melville Metals) has a single property in the Yukon (Wels). It is a 10,000 acres early exploration gold project. They have drilled 5 holes. One hold was 97 meters at .7 gpt. That's low grade and they will need to find a lot more...  more
02/01/2017
General  
January 2017 Newsletter Posted
The January 2017 newsletter has just been posted.  more


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