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Mining Stocks - Latest News
Updated: Transition Metals Corp
Transition Metals is a project generator with 32 projects (9 gold) in Canada and 4 JVs. They are focusing on 5 district size plays: 2 gold, 1 copper, and 2 nickel, copper, and PGMs. All are early exploration. They have a tiny FD market cap of $6 million.... more
Updated: Euro Sun Mining Inc
Euro Sun Mining (formerly Carpathian Gold) was a mid-tier producer in Brazil with a huge debt load. In 2015, they were able to make a deal to sell the project for the amount of debt ($177 million). Now they are debt free with a large gold/copper project... more
Added: Solidusgold Inc
SolidusGold Inc purchased a 3 million oz (2 gpt) project from Newmont Mining in 2016 for $20 million. This deal is dependent on their ability to close a private placement to pay for the property. It is likely to close, because the Northumberland project... (stock removed)
Added: Solidusgold Inc
SolidusGold Inc purchased a 2.7 million oz resources (2 gpt) from Newmont Mining in 2016 for $20 million. This deal is dependent on their ability to close a private placement to pay for the mine. It is likely to close, because the Northumberland project... (stock removed)
Updated: Goldquest Mining Corp
Goldquest Mining has a large discovery in the Dominican Republic. They released a solid drill hole in May 2012 of 231 meters at 2.4 gpt. That single drill hole pushed the stock from 7 cents to $1. Then they released a monster hole of 258 meters at 4.5... more
Updated: Salazar Resources Ltd
Salazar Resources has a late stage project (El Domo deposit on their large Curipamba property). El Domo (850,000 oz at 2.8 gpt) looks like it is heading to production. The capex is $110 million and the after-tax IRR is 30% (with a 41% tax rate). It has... more
Updated: Anglogold Ashanti Ltd
AngloGold Ashanti is one of the largest majors. They are also one of the most undervalued. In fact, they have a 2.5 rating, which is rare for a major. The key for this company is reducing their debt ($2.6 billion) and avoiding political issues in S.... more
Updated: Endeavour Mining Corp
Endeavor Mining is a mid-tier producer in West Africa, with 5 operating mines in 4 countries. Their market cap has jumped to $1.8 billion, so they aren't cheap anymore. They are producing 600,000 oz with all-in costs around $1100 per oz. They have large... more
Updated: Turaco Gold Ltd
Manas Resources had two open pit projects in Kyrgyzstan. The Shambesai deposit was 700,000 oz (2 gpt) and the Obdilla deposit is 485,000 oz (2 gpt). They sold both projects in 2016 for $10 million. They are finalizing the acquisition of a new project (Vic more
Updated: Wiluna Mining
Blackham Resources is a near-term producer in Australia. They have an 800,000 oz open pit project (Matilda) that will begin production in 2016. They will produce 100,000 oz at about $1100 all-in costs for 6 to 8 years (likely to get extended). Plus, they... (stock removed)
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