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12/08/2025
Analysis  
Updated: Steppe Gold Ltd
Steppe Gold is an emerging mid-tier producer in Mongolia. They have an open pit mine (ATO) with 1.7 million oz of gold (1.5 gpt AUEQ). Currently, they are producing around 60,000 oz AUEQ with all-in costs (break-even) around $2200 per oz. They plan to...  more
12/08/2025
Analysis  
Updated: GBM Resources Ltd
GBM Resources is a project generator focused on Australia. Their Drummond project (Twin Hills and Yandan) contains 1.84 million ounces of gold @ 1.5 gpt, with potential to grow to 2–3 million ounces. Their overall resource estimate is as follows: -  more
12/08/2025
Analysis  
Updated: Zenith Minerals Ltd
Zenith Minerals is a project generator focused in Australia. They have two gold discoveries (DFN and Red Mountain) that they are drilling. Both could be mines. DFN has 150K oz at 1.4 gpt AU. It appears to be growing is size. They had a nice discovery...  more
12/08/2025
Analysis  
Updated: ONGold Resources Ltd
OnGold Resources is a new exploration company formed in 2024. It appears to be a spin-out of Northern Superior, who owns 49%. The other large shareholder is Agnico-Eagle with 12%. So, it's tightly held, with only 75M FD shares outstanding. They have...  more
12/08/2025
Analysis  
Updated: Taranis Resources Inc
Taranis Resources is a project generator (and potential developer) focused in Canada. They are drilling a discovery (Thor) in British Columbia. It is currently a small deposit with 17,000 tons, but it growing in size. It is polymetallic with 140 gpt AG, .  more
12/07/2025
Analysis  
Updated: Perseus Mining Ltd
Perseus Mining is a large mid-tier producer in West Africa. They will produce about 430,000 oz in 2026 at around $2000 all-in (free cash flow). The majority of that will come from their flagship Yaoure project in Cote d’Ivoire. It is a 3 million oz (1.3  more
12/07/2025
Analysis  
Updated: Asara Resources Ltd
Asara Resources (formerly Golden Rim Resources) is a project generator focused in West Africa. They have one significant gold discovery in the Siguiri Basin district of Ghana, that appears to be a potential large mine. A mineral resource has 924koz at...  more
12/06/2025
Analysis  
Added: Toogood Gold Corp
Toogood Gold is a project generator focused in Canada (Newfoundland). They were formed in 2025. They have one project (Toogood) on 40,000 acres in a good location. There has been very little drilling, but they have a discovery: 3.6M at 24 gpt AU and 4.2M...  more
12/05/2025
Analysis  
Updated: Kingsmen Resources Ltd
Kingsmen Resources (formerly Tumi Resources) is an exploration company focused in Mexico. They have two exploration projects in Mexico. One is Las Coloradas that has 3,200m of drilling completed. The other is Almoloya which acquired in June 2025. They...  more
12/05/2025
Analysis  
Updated: Canadian Gold Corp
Canadian Gold Corp (previously Satori Resources) has a small high grade gold project (Tartan Lake) in Canada. It is a 277,000 oz resource on a past producing mine with a functioning mill. They did not provide guidance on the amount of money required to...  more

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