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08/31/2023
Interview
Don Interviewed on Investing News
https://youtu.be/VlTdVSYh8k0?si=5tFqKvx5fcrtLUZU more
08/31/2023
Analysis
Updated: American Creek Resources Ltd
America Creek Resources is a project generator in Canada. They have two properties in British Columbia: Treaty Creek (20% JV) and Austruck-Bonanza. Treaty Creek is located in the Golden Triangle near the Seabridge KSM and Pretium Brucejack projects. It... more
08/31/2023
Analysis
Updated: Emerald Resources
Emerald Resources is a new mid-tier producer in Cambodia. Okvau (100,000 acres) has 2 million oz at 2 gpt. The capex was $90 million to produce 100,000 oz annually at $700 cash costs. They expect to expand the mine life through exploration success on... more
08/29/2023
Analysis
Updated: Prodigy Gold
Prodigy Gold (formerly Abm Resources) is a gold exploration company with 1+ million acres in Australia. They have about 4 JVs and their partners are drilling. Newmont has to spend $12M to get 70% of Tobruk. They claim to have 1 million oz at 1.9 gpt, but... more
08/27/2023
Analysis
Updated: Sun Summit Minerals
Sun Summit Minerals (previously San Marco Resources) is a project generator focused in Canada. They have one project (Buck) on 125,000 acres in British Columbia. It has good historic drill results, plus they have had good recent results over a 750-meter... more
08/27/2023
Analysis
Updated: ECR Minerals Plc
ECR Minerals has four early exploration gold projects in Australia that look interesting. Two of their projects - Bailieston & Creswick - are located in the Victoria district that has produced 80 million oz of high-grade gold.
They also have a JV in... more
08/27/2023
Analysis
Updated: MTB Metals
MTB Metals (previously Mountain Boy Minerals) is a project generator with 7 gold/silver/copper projects in British Columbia (Golden Triangle). They started drilling on the American Creek property, but after initial disappointing results, their stock... more
08/26/2023
Analysis
Updated: Stavely Minerals Ltd
Stavely Minerals is mostly a copper exploration company. They have several large copper/gold properties (Stavely, Ravenswood, Ararat, Yarram Park) in Western Victoria, and a new Ni-Cu-Co project in WA. Their main focus is the Stavely ptoject in which... more
08/26/2023
Analysis
Updated: Gold Reserve Inc
Gold Reserve Inc had been on hold since April 2008, when their mining license was revoked on their Brisas project by Venezuela. In 2014, they were awarded $740 million by an arbitration court. With interest, it is up to $900M.
The US courts are... more
08/25/2023
Analysis
Updated: Wolfden Resources Corp
Wolfden Resources has a polymetallic deposit named Picket Mountain in Maine, containing zinc, copper, lead, gold, and silver. This high-grade polymetallic deposit holds an in-situ value of $500 per ton (for 150 million oz AgEq). They claim that Maine's... more
08/25/2023
Analysis
Updated: Austin Gold Corp
Austin Gold is a new company that was formed in 2022. The team behind it comes from Silver Standard and Pretium Resources, the latter of which was acquired by Newcrest for US$2.25 billion. They have three early exploration projects in Nevada: Kelly Creek, more
08/24/2023
Analysis
Updated: DRDGOLD Ltd
DRDGOLD is a mid-tier producer in South Africa. They recently sold their underground mine for $18 million. Blyvoor had high cash costs and they wanted to focus on their higher margin tailing reclamation project (from three old surface mines). Their gold... more
08/23/2023
Analysis
Updated: Centerra Gold Inc
Centerra Gold was a Canadian-based major. In 2020, they lost their flagship project (Kumtor) in Kyrgyzstan. It was producing 500,000 oz at low costs. They are in arbitration trying to recover some value for Kumtor.
But Kumtor was not all they had.... more
08/22/2023
Analysis
Updated: Scotgold Resources Ltd
Scotgold Resources became a small gold producer in 2021. They have a small high-grade gold deposit (Cononish) in Scotland. It's only 250,000 oz (11 gpt). It also has silver, so that will reduce the cash costs. They completed a feasibility study and it is... more
08/21/2023
Analysis
Updated: Thor Explorations Ltd
Thor Exploration began producing gold in Nigeria in 2021. The Segilola project (6,500 acres) is a 500,000 oz open pit deposit (4 gpt) with also an underground mine. The open pit only has a 5-year mine life, and they plan to mine about 350,000 oz. The... more
08/21/2023
Analysis
Updated: Inventus Mining Corp
Inventus Mining appears to have a gold discovery (Pardo) in Ontario, Canada. Their stock jumped from 3 cents a share to 35 cents after the discovery in 2013. Now it's back to 5 cents. Pardo is still early exploration, but a large property (48,000 acres)... more
08/20/2023
Analysis
Updated: Idaho Strategic Resources Inc
Idaho Strategic Resources (formerly New Jersey Mining) is a small gold producer in Idaho. Their Golden Chest deposit is 400,000 oz at 1.5 to 3 gpt. They are currently mining both open pit and underground, although only about 15,000 oz. They have enough... more
08/20/2023
Analysis
Updated: Sirios Resources Inc
Sirios Resources is a project generator with a focus on Quebec, Canada. They have a large open-pit gold project called Cheechoo, which contains 1.4 million ounces in the indicated category (at 0.94 gpt) and 0.5 million inferred (at 0.73 gpt). Initially,... more
08/19/2023
Analysis
Updated: Entree Resources Ltd
Entree Gold is a project generator with a large copper/gold project. The Oyu Tolgoi project in Mongolia is one of the largest in the world, with 22 billion lbs of copper and 18 million oz of gold (.4 gpt) and 45 million oz of silver (2 gpt). It has an... more
08/18/2023
Analysis
Updated: Soma Gold Corp
Soma Gold (formerly Para Resources) is a small gold producer in Colombia. Their El Bagre property has several deposits (La Ye, Cordero, Mangos, Nechi). The mill is 450 tpd and is producing about 35,000 oz annually with all-in costs of around $1300 per oz. more
08/17/2023
Analysis
Added: Founders Metals Inc
Founders Metals is a new project generator (founded in 2022). They have a single project (Antino) in South America (Suriname). They have a 75% option by paying $4M over 5 years. It has had 32,000 meters of drilling with a lot of good drill holes, such as... more
08/17/2023
Analysis
Added: Platinex Inc
Platinex Inc is a project generator focused in Canada. They have four early exploration projects in Ontario. Shining Tree (50,000) is probably the most exciting. It appears to be a gold discovery and is in an ideal location, and is a past producing mine.... more
08/16/2023
Analysis
Added: Prismo Metals Inc
Prismo Metals is a project generator focused in Mexico. They have a small silver project (Palos Verdes) that is next door to Vizsla's large discovery. It is only 50 acres.
They are drilling it. They also have a gold project (Los Pivitos) on 12,500... more
08/15/2023
Analysis
Updated: Hammer Metals Ltd
Hammer Metals is a project generator focused in Australia. They have two large properties that are being drilled. Bronzewing South - Yandal (50,000 acres) is in Western Australia, and they are drilling a copper/gold discovery, although the drill holes... more
08/15/2023
Analysis
Updated: CopAur Minerals Inc
CopAur Minerals is a project generator. They are drilling a gold discovery (Williams) in British Columbia (17,000 acres). It has not had much drilling. They recently (August 2022) had their biggest hole of 50 meters at 2.2 gpt near surface. It could be a... more
08/14/2023
Analysis
Updated: Gold Fields Ltd
Gold Fields is a major with a global footprint. They currently produce 2.3 million oz per year, making them the 7th largest gold producer. They have 9 operating properties with 13% of production in South Africa, 44% in Australia, 32% in West Africa, and... more
08/14/2023
Analysis
Updated: Adventus Mining Corp
Adventus Mining is building a copper/gold project (Curipampa - El Domo) in Ecuador. It is mostly a copper mine with 1 billion lbs. The economics is excellent, with 35% of the revenue from gold and silver, plus zinc. The downside is that they only own 75%. more
08/13/2023
Analysis
Updated: Gossan Resources Ltd
Gossan Resources is a project generator focused in Canada. Their main project is Gander (25,000 acres) in Newfoundland. They recently raised $880,000 to do an airborne magnetic survey across the entire property, they expect results to assist in planning... more
08/13/2023
Analysis
Updated: Bluestone Resources Inc
Bluestone Resources acquired the Cerro Blanco project from Goldcorp in 2017. Originally, it was going to be a high-grade underground mine. However, Bluestone has decided to do a 3 million oz (1.5 gpt) open pit. They recently did a feasibility study. The... more
08/12/2023
Analysis
Updated: Lumina Gold Corp
Lumina Gold (previously Odin Mining) has a large gold/copper project in Ecuador. Cangrejos has 16 million oz (.5 gpt) of gold and 2 billion lbs of copper. They did a PEA that shows a 25-year mine life at 365,000 annual gold production. With the copper... more
08/12/2023
Analysis
Updated: Jazz Resources Inc
Jazz Resources is advancing a small tailing project in Brazil. It is a 700,000 oz (2.7 gpt) deposit, but they only own 50%. They are building a mill to produce 30,0000 oz a year, and they will receive half. So, the cash flow will be low. This tailing... more
08/11/2023
Analysis
Updated: Amarc Resources Ltd
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). They had a gold project in British Columbia (Newton with a 1.5 million oz low grade resource) which they sold at the end of 2020. Currently... more
08/11/2023
Analysis
Updated: Orogen Royalties Inc
Orogen Royalties is a project generator, but calls themselves an Organic Royalty Generator. It was created in 2020 from the combination of two exploration companies (Evrim Resources and Renaissance Gold). They have 34 NSRs, but only the Ermitano (owned... more
08/11/2023
Analysis
Updated: Triple Flag Precious Metals Corp
Triple Flag is a newer precious metal royalty company. They already have 229 royalties, including 29 producing royalties. Their guidance for 2023 is 100-115k oz with an average of 140k oz from 2024-2028. They recently raised their dividend to $0.21/share. more
08/11/2023
Analysis
Updated: Hanstone Gold Corp
Hanstone Gold is a new project generator (formed in 2020) focused in Canada. They have two properties (DOC and Snip North) in the Golden Triangle of British Columbia. Both are early exploration and large properties (5,000 acres and 7,500 acres).... more
08/11/2023
Analysis
Updated: Riversgold Ltd
Riversgold Ltd is a new project generator that formed in 2017. They have three projects in Australia, all of them are early exploration with very little drilling. The Kurnalpi Project looks the most exciting one with about 10 target areas to drill. Most... more
08/10/2023
Analysis
Updated: Inca Minerals Ltd
Inca Minerals has a high-grade zinc/silver discovery (Riqueza) in Peru and multiple IOCG targets in Australia. In Riqueza they have identified 20 veins at surface on the property, the average sample has returned 7% zinc and 200 gpt silver. They also have... more
08/10/2023
Analysis
Updated: Salazar Resources Ltd
Salazar Resources is a project generator focused in Ecuador. They have a 25% carried interest in El Domo, which is an 850,000 oz (2.8 gpt) deposit. The capex is $110 million and the after-tax IRR is 44%. They started permitting & construction in 2023... more
08/10/2023
Analysis
Updated: Mako Gold Ltd
Mako Gold is a new exploration company focused in West Africa. They have 2 early exploration properties. Napie in Cote d'Ivorie is a significant discovery with excellent recent drill holes. It has a substantial target area with a 15-mile strike. They are... more
08/10/2023
Analysis
Updated: Enduro Metals
Enduro Metals (formerly Crystal Lake Mining) is a project generator focused in Canada. They have multiple properties in British Columbia. They market themselves as an exploration only company.
They recently completed a private placement where an... more
08/10/2023
Analysis
Updated: RosCan Gold Corp
RosCan Gold is a project generator in West Africa. They have one large property (Kandiole) in Mali. It's on 100,000 acres with a lot of discoveries. They started drilling in 2018 and have found at least 6 discoveries that they are drilling. The recent... more
08/10/2023
Analysis
Updated: Grande Portage Resources Ltd
Grande Portage Resources has a high-grade gold discovery (Herbert) in Alaska. It's a 1.2 million oz resource (10 gpt) and is growing in size. If they can increase the size of the resource to 2 million oz, they should do well. This is currently their only... more
08/09/2023
Analysis
Updated: Santacruz Silver Mining Ltd
Santacruz Silver Mining is a silver and base metals producer in Mexico and Bolivia. They had problems with high costs in 2017 and sold their flagship Gavilanes project. They were left with two mines (Rosario and Veta Grande) with low resources of only... more
08/09/2023
Analysis
Updated: Black Cat Syndicate Ltd
Black Cat Syndicate is advancing three gold projects in Western Australia to production. Their starter mine (Paulsens) is funded to begin production in 2024 at around 50K oz a year (after ramp up). The capex was low ($28 million) and appears to be funded... more
08/07/2023
Analysis
Updated: Metals Exploration Plc
Metals Exploration is a gold producer in the Philippines. Their Runruno project has only 450,000 oz (1 gpt) of reserves. They plan to produce around 80,000 oz for 4 or 5 more years. They think they can extend it a few years, but not likely at 80,000 oz.... more
08/07/2023
Analysis
Updated: Scottie Resources
Scottie Resources (previously Rotation Minerals) is a project generator focusing on gold exploration in the Golden Triangle in British Columbia. They have 7 properties (Scottie, Black Hills, Summit Lake, Ruby, Bitter Creek, Bow, Stock). Scottie is a past... more
08/06/2023
Analysis
Updated: Investigator Resources Ltd
Investigator Resources is advancing a silver discovery (Paris) in Australia. It is already a 57 million oz resource (72 gpt) at surface, although with a 72% recovery rates, that is only 42M oz. They have a PFS to mine 4 million oz a year for 6 years.... more
08/06/2023
Analysis
Updated: O3 Mining Inc
O3 Mining was formed in 2019 by Osisko Mining who acquired Chantrell Ventures, Alexandria Minerals, and two properties from Chalice Gold. Plus, Osisko Mining included some of their non-core assets.
I thought they were an exploration company, but they... more
08/05/2023
Analysis
Updated: Liberty Gold
Liberty Gold (formerly Pilot Gold) was formed from Fronteer Gold and True Gold's management team. The CEO is Mark O'Dea. He has sold his last two projects, including True Gold. It was recently valued with an FD market cap of $486 million based on their... more
08/04/2023
Analysis
Updated: Minco Silver Corp
Minco Silver has been trying to permit a large silver project (Fuwan) in China for about a decade. When it takes this long, then something is probably wrong. In fact, they wrote-off the property as an impairment when they could not extend the exploration... more
08/04/2023
Analysis
Updated: East Africa Metals Inc
East Africa Metals is a project generator. They arose from a spin-out from Canaco Resources in 2012. They have three large resources in Tanzania and Ethiopia. They are producing gold, but haven't had many news updates since the end of 2021. They are low... more
08/04/2023
Analysis
Updated: US Gold Corp
US Gold Corp is developing a large gold/copper project in Wyoming (CK Project). It has 1.4 million oz (.68 gpt AU) AUEQ (including ~250 million lbs of copper) of proven and probable resources. They plan to mine almost 110,000 oz of AUEQ for 12 years. The... more
08/04/2023
Analysis
Updated: Indiana Resources Ltd
Indiana Resources is a project generator focused in Australia. They have 4 properties in Australia at various stages. They have been drilling two of the projects, and one project has historic drill holes, but hasn't been worked on in the past twenty... more
08/04/2023
Analysis
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines (ITHM) has a monster project (Livengood) in Alaska with 13 million oz (.6 gpt) with an 80% recovery rate. It has a pre-feasibility study with a $2 billion capex to produce 350,000 oz for 23 years (8 million oz). Cash costs are about... more
08/04/2023
Analysis
Updated: Minco Silver Corp
Minco Silver has been trying to permit a large silver project (Fuwan) in China for about a decade. When it takes this long, then something is probably wrong. In fact, they wrote-off the property as an impairment when they could not extend the exploration... more
08/04/2023
Analysis
Updated: Leocor Gold Inc
Leocor Gold is a project generator focused in Canada. They have 5 early exploration projects in Newfoundland. These are Roberts Arm (100,000 acres), Leamington (150,000 acres), Hodges Hill (100,000 acres), Star Trek (17,300 acres) and Baie Verte (5,000... more
08/04/2023
Analysis
Updated: Callinex Mines Inc
Callinex Mines is a project generator focused in Canada. They are really a copper & zinc exploration company with 4 zinc projects totalling 2.6 billion lbs of zinc eq. They might even be a development company, with guidance of production at their Nash... more
08/04/2023
Analysis
Updated: Spearmint Resources Inc
Spearmint Resources has two early exploration gold projects in Newfoundland (Goose) and in Quebec (Perron - East). They drilled on Goose in 2022 but did not discover gold mineralization. The rest of their projects are related to Lithium and Vanadium,... more
08/04/2023
Analysis
Updated: Freeman Gold Corp
Freeman Gold is advancing an open-pit gold project called Lemhi in Idaho, covering 7500 acres. In 2020, they released a resource estimate which indicated 750k ounces of oxide gold at 1 g/t. Later, in 2023, the estimate increased to 1M ounces M&I, but... more
08/03/2023
Analysis
Updated: Victoria Gold Corp
Victoria Gold is a mid-tier producer in Canada. Their Eagle Gold project began production in 2019. It is a 5 million oz resource (.7 gpt) in the Yukon. It has a 75% recovery rate, so the actual resource is about 3.5 million oz, which is still large. It... more
08/02/2023
Analysis
Updated: Treasury Metals Inc
Treasury Metals is advancing a gold project (Goliath) in Ontario, Canada. It is both an open pit and an underground project. It has two main deposits (Goliath and Goldlund). Their combined resources is around 3 million oz, and they are likely to find... more
08/01/2023
Analysis
Updated: Dundee Precious Metals Inc
Dundee Precious Metals is a mid-tier producer. They have two producing gold mines in Bulgaria. Chelopech at 160,000 oz, with significant offsets in silver, copper, and zinc. Cash costs are around $500 per oz, with all-in costs around $1100 per oz.... more
08/01/2023
General
July 2023 Newsletter Posted
July 2023 Newsletter Posted. more
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