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Mining Stocks - Latest News
Added: DELETE - Crater Gold Mining Ltd
Crater Gold Mining is a near-term producer in Papua New Guinea. Their Crater Mountain project (45,000 acres) has substantial potential in a very good location. They plan to begin mining their HGZ (High Grade Zone) deposit in 2016. It is a high grade... (stock removed)
Added: DELETE - Scotgold Resources Ltd
Scottgold Resources has a small high grade gold deposit in Scotland. It's only 170,000 oz (11 gpt), but they want to produce it. It also has 600,000 oz of silver, so that will reduce the cash costs. They are low on cash and making slow progress. There is... (stock removed)
Added: Austral Gold Ltd
Austral Gold is a gold producer in Chile with a second mine under development. Their Guanaco mine (750,000 oz at 1.5 gpt) produces 50,000 oz at lost cash costs ($600 per oz). It produces significant cash flow and they have a good balance sheet with $11... more
Added: DELETE - Azumah Resources Ltd.
Azumah resources has a large gold project in West Africa (Ghana). They have 5 deposits (WA Project) with 2 million oz at 1.5 gpt, plus 600,000 acres to explore. They are working on a final feasibility study to produce 90,000 oz per year. The problem is... (stock removed)
Added: Turaco Gold Ltd
Manas Resources has two open pit projects in Kyrgyzstan. The Shambesai deposit is 700,000 oz at 2 gpt and they have a feasibility study to produce 50,000 oz per year for a $41 million market cap. They have a FD market cap of $2 million and are having... more
Added: Amani Gold Ltd
Burey Gold has two early exploration projects in Africa. Giro is in the DRC on 150,000 acres. They have been drilling in 2014 and 2015 with good results. 81 meters at 1.4 gpt. 55 meters at 3.2 gpt. 97 meters at 2.7 gpt. With those results they should be... (stock removed)
Added: DELETE - Orinoco Gold Ltd
Orinoco Gold is a near-term gold producer in Brazil. The do not have a company presentation or much information on their website. I had to guess on their production and future reserves. They are planning to begin mining at a rate of 80,000 tpa. They do... (stock removed)
Week in Review
Silver bounced off it's lows and got back over the $15.50 support line. Gold, however, didn't make it back to the $1180 support line. This prevented the miners from rallying. Subsequently the HUI had a dreadful week. It's under the 2008 support line of 145 and in danger territory. Let's hope that when Jupiter goes into Leo on July 15th (a good placement for gold) that gold gets a bounce and we get back over 150 on the HUI.
It was the dollar that hurt gold and oil this week. Gold fared better... more
Added: DELETE - Strategic Minerals Corp. NL
Strategic Minerals is drilling a gold discovery in Australia. They have found 800,000 oz at 1 gpt and will likely find more. They drilled 7,000 meters in 2014 and they have $1.7 million in cash to continue drilling. It's still early exploration and they... (stock removed)
Added: Ausgold Ltd
Ausgold Ltd has a interesting exploration property in western Australia. Katanning is on 500,000 acres and has already had 60,000 meters drilled. The resource size is 400,000 oz, but they have 50+ more targets to drill. What will they find? And how will... more
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