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News from February 2018

02/28/2018
General  
February 2018 Newsletter Posted
The February 2018 newsletter has just been posted.  more
02/25/2018
Analysis  
Updated: Reunion Gold Corp.
Reunion Gold has 6 projects in South America, none of which appear to be advanced. I don't think they have selected which project to focus on yet. Three are in French Guiana. Haute Mana (30,000 acres) is an 80% option that requires a PEA by 2022. Dorlin (  more
02/25/2018
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
02/25/2018
Analysis  
Updated: Surge Copper Corp
Surge Copper (formerly 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 (  more
02/25/2018
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 high-risk speculation stock. However, it was founded by the Coffin...  more
02/25/2018
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 currently under $1000 per oz, and are forecasted to remain low. They have...  more
02/25/2018
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
02/25/2018
Analysis  
Updated: Metals Exploration Plc
Metals Exploration is an emerging 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...  more
02/25/2018
Analysis  
Updated: Torq Resources Inc
Torq Resources (formerly Stratton Resources) has a large (300,000 acres) property in Newfoundland. They are cashed up for exploration with $20 million in the bank. They plan to drill aggressively, starting in 2019. Investors like their chances, bidding...  more
02/25/2018
Analysis  
Updated: Macdonald Mines Exploration Ltd.
MacDonald Mines is advancing a gold discovery in Ontario, Canada. Wawa Holdsworth (1100 acres) looks like a potential mine. There has not been much drilling, but surface samples have been encouraging. It is in an excellent location near a large 6 million...  more
02/24/2018
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 $5 million in cash for exploration. Their North Rok project (142 million...  more
02/24/2018
Analysis  
Updated: Reunion Gold Corp.
Reunion Gold has 6 early exploration projects. Three are in West Africa (French Guiana). Haute Mana (30,000 acres) is an 80% option that requires a PEA by 2022. Dorlin (20,000 acres) is a 75% option that requires a feasibility study by 2022. Boulanger (20  more
02/24/2018
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 82% recovery). The project also has 30 million oz of silver (50% recovery). Counting the silver offsets, all-in costs were...  more
02/24/2018
Analysis  
Updated: Ramelius Resources Ltd.
Ramelius Resources is a mid-tier producer in Australia. They are producing 200,000 oz with low all-in costs around $1100 per oz. They have an FD market cap of $188, which should be low for a 200,000 oz producer with low cash costs, $50 million in cash...  more
02/24/2018
Analysis  
Updated: Troy Resources Ltd
Troy Resources is a small gold producer. They have a good project in Guyana. Karouni has a 1 million oz (2.3 gpt) open pit resource. Production began in 2015 and was supposed to ramp up to 90,000 oz in 2017. However, they have had problems accessing the...  more
02/24/2018
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
02/24/2018
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 should make it into production. Their Altan Nar gold project is still early exploration, but they have...  more
02/24/2018
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
02/24/2018
Analysis  
Updated: 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. The also have a property in Canada (Bass River) that they are currently drilling. They also...  more
02/24/2018
Analysis  
Updated: 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
02/19/2018
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 ($21 billion fully...  more
02/19/2018
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
02/18/2018
Analysis  
Updated: Orla Mining Ltd
Orla Mining has two open projects totalling 5 million oz. However, they currently do not have a company presentation and are not giving guidance for development on either project. Also, the management team sold their last two companies (Grayd to Agnico...  more
02/18/2018
Analysis  
Updated: Orla Mining Ltd
Orla Mining has two open projects totalling 8 million oz. However, they currently do not have a company presentation and are not giving guidance for development on either project. Also, the management team sold their last two companies (Grayd to Agnico...  more
02/18/2018
Analysis  
Updated: 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
02/17/2018
Analysis  
Updated: 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 35% recovery) and 25 million oz of silver (only about 25% recovery). Both...  more
02/17/2018
Analysis  
Updated: Wishbone Gold Plc
Wishbone Gold has an early exploration gold project in Australia. However, they seem to be focusing on working with artisan miners in Honduras and Thailand. It is an odd strategy where they provide equipment in exchange for a lower than spot price for...  more
02/13/2018
General  
New SeekingAlpha Article: Top 10 Silver Mining Stock for 2018
https://seekingalpha.com/article/4145995-top-10-silver-mining-stocks-2018  more
02/13/2018
Interview  
New Podcast: www.miningstockeducation.com
New podcast on www.miningstockeducation.com  more
02/11/2018
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 60,000 oz at EVBC, but that should increase over time....  more
02/11/2018
Analysis  
Updated: 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
02/10/2018
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 2019. They released a PFS in 2017 with a capex of $23 million. It is extremely...  more
02/10/2018
Analysis  
Updated: Galway Metals Inc
Galway Metals has two gold 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 project (Estrades)  more
02/10/2018
Analysis  
Updated: 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). Both have gold at surface based on...  more
02/07/2018
Analysis  
Updated: K92 Mining Inc
K92 Mining is an emerging mid-tier gold 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...  more
02/04/2018
Analysis  
Updated: K92 Mining Inc
K92 Mining is an emerging mid-tier gold 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...  more
02/04/2018
Analysis  
Updated: K92 Mining Inc
K92 Mining is an emerging mid-tier gold 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...  more
02/04/2018
Analysis  
Updated: Crown Mining Corp
Crown Mining has a large copper deposit (2 billion lbs) in California. With a $9 million FD market cap, it is cheap for such a large deposit (Lights Creek). They seem to be focusing on this project at this time. They also have three early exploration...  more
02/04/2018
Analysis  
Updated: 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 $27 million FD market cap. I'm not sure why it is so high. They do not have a company presentation and the information...  more
02/04/2018
Analysis  
Updated: 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 the information...  more
02/03/2018
Analysis  
Updated: Alacer Gold Corp
Alacer Gold was created in early 2011 from a merger of Avoca Resources (Australia) and Anatolia Minerals (Turkey). In 2013 Alacer sold their Australian properties. Now it is Turkey focused. Their flagship Copler project is a 6 million oz deposit (their...  more
02/03/2018
Analysis  
Updated: Candente Gold Corp Com NPV
Candente Gold is a small exploration company with a tiny FD market cap of $3 million. The El Oro property has a lot of potential. Only two veins on the property were mined to 200 meters and produced 6.4 million oz (8-10 gpt) of gold and 75 million oz (4-6  more
02/03/2018
Analysis  
Updated: Kula Gold Ltd
Kula Gold is a project generator in Papau New Guinea. They have 20% ownership in a 2 million oz (1.5 gpt) deposit (Woodlark Island) that is permitted with a completed feasibility study. They have a JV deal with Geopacific Resources. The stock seems...  more
02/03/2018
Analysis  
Updated: Macphersons Resources Ltd
MacPhersons Resources has two gold projects (Boorara and Coolgardie) and a silver project (Nimbus) next to each other in western Australia (50,000 acres). The are targeting production at Boorara, but still need a feasibility study (due in 2018),...  more
02/03/2018
Analysis  
Updated: Macphersons Resources Ltd
MacPhersons Resources has two gold projects (Boorara and Coolgardie) and a silver project (Nimbus) next to each other in western Australia (50,000 acres). The are targeting production at Boorara, but still need a feasibility study (due in 2018),...  more
02/03/2018
Analysis  
Updated: Dacian Gold Ltd
Dacian Gold is a near-term producer in Australia. They have a large gold project (Mt Morgan) in Western Australia. It has two open pits deposits (Jupiter & Heffernans) with 1.5 million oz (1.5 gpt). And an underground deposit (Westralia) with 1.8 million...  more
02/03/2018
Analysis  
Updated: Panterra Gold Ltd
Panterra Gold is a small producer in the Dominican Republic. Their Las Lagunas tailings project has about 2 more years left at 45,000 oz per year. All-in costs are around $1200 per oz, so not a lot of cash flow. They have $16 million in net debt, but...  more
02/03/2018
Analysis  
Updated: Enforcer Gold Corp
Enforcer Gold (formerly Natan Resources) is project generator focused in Canada. They have two properties in Quebec. They recently created a 50/50 JV with a partner who must spend $2 million on exploration to get their option on the Roger property....  more
02/01/2018
General  
January 2018 Newsletter Posted
The January 2018 newsletter has just been posted.  more


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