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Mining Stocks - Latest News
Updated: West Red Lake Gold Mines Inc
West Red Lake Gold Mines acquired the Madsen Mine from Pure Gold’s creditors in 2023. This is a game-changer and should make them a mid-tier producer. Madsen is a 2M oz (6 gpt) deposit with a working 800 tpd mill (can be expanded to 1500 tpd). Costs... more
Updated: Avino Silver & Gold Mines Ltd
Avino Silver & Gold is a growing mid-tier silver producer in Mexico. They will produce about 3 million oz of silver equivalent in 2023 with break-even costs around $23 per oz (free cash flow). We will have to keep an eye on their costs.
They recently... more
Updated: Klondike Silver Corp
Klondike Silver is attempting to develop a small, high-grade silver project in Canada. They own the 30,000-acre Slocan & Sandon project in British Columbia, which has 25 past producing mines. They also have a mill and are working to restart the Silvana... more
Updated: DELETE - E79 Resources Corp
E79 Resources is a new project generator focused in Australia. They have two large properties: Beaufort (30,000 acres) and Myrtleford (100,000 acres) in Victoria. The location is promising for finding mines and they had an excellent discovery hole in... more
Updated: Newcore Gold Ltd
Newcore Gold (previously Pinecrest Resources) has a gold project (Enchi) in Ghana, West Africa. The resource size is 1.5 million oz at .6 gpt, and will likely grow in size. It is a large property (140,000 acres) with a lot of drilling targets. They... more
Updated: Pasofino Gold Ltd
Pasofino Gold (formerly Enforcer Gold) acquired an option for the Dugbe project (in Liberia) from Hummingbird Resources in 2020. They released a feasibility study in 2022 and plan to take it to production (although the $400M capex will make it difficult... more
Updated: DELETE - Tietto Minerals Ltd
Tietto Minerals became a mid-tier gold producer in 2022. They have a large gold project (Abujar) in West Africa (Cote D'Ivoire). It's a 4 million oz (1.2 gpt) deposit on 250,000 hectares with a 70-kilometer strike. They are currently working on a 120,000- more
Updated: Newmont Corp
Newmont Corp is a solid major, although growth will be flat at around 6 million oz for the next eight years. They have about 195 million oz of gold resources and a large pipeline (15 projects in development). Their problem is that they are so big ($38... more
Updated: Goldquest Mining Corp
Goldquest Mining has an advanced gold project in the Dominican Republic. The Romero project is 2 million oz at 2.5 gpt with a 28% after-tax IRR at $1300 gold. The capex is $158 million (2016 estimate). Cash costs are projected to be around $400 per oz (20 more
Updated: Lundin Gold Inc
Lundin Gold obtained the Fruta Del Norte from Kinross for $240 million. Fruta is a huge high-grade underground mine (9 million oz at 8 gpt). Kinross paid $1.2 billion for it from Aurelian Resources. Kinross did a pre-feasibility study to produce 400,000... more
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