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Mining Stocks - Latest News
Updated: Gold Resource Corp
GORO (Gold Resource Corp) was a great pick in early 2009 when it traded under $3. After they went into production, the stock rocketed to $30 a share in 2011. However, it has now come nearly all the way back. This is also a cautionary tale. They never... more
Updated: Athena Silver Corp
Athena Silver has a good property with 50 million ounces (60 gpt). That equates to about 2 million oz of production for a long life mine. They have a market cap of only $11 million. At $100 silver, the cash flow could be $100 million if they produce 2... more
Updated: DELETE - Rambler Metals & Mining Plc
Rambler Metals and Mining is a copper and gold producer in Canada. Their cash flow is currently about $10 million and they have a FD market cap of $62 million. They are producing 600 tpd and want to increase production. Most of the production is copper.... more
Updated: Condor Resources Inc
Condor Resources is a relatively new project generator. They have 13 properties, and 3 JVs, which are early stage exploration (one is a copper JV with BHP). Currently they are drilling two projects, which they hope to JV. I like the locations where they... more
Updated: Angkor Resources
Angkor Gold Corp. is a project generator in Cambodia that is doing pretty good. Whereas most stocks have crashed since 2010, their stock price has held. They are cash flow positive with $1.5 million in the bank and no debt. They made a 10% NSR deal on... more
Added: Hummingbird Resources Ltd
Hummingbird Resources has an advanced open pit gold project in West Africa (Liberia). It looks like a can't miss project. They have a 4 million oz resource and another 140 targets on 500,000 acres. Their Dugbe project is economic and heading toward... more
Updated: Western Copper & Gold Corp
Western Copper and Gold has a huge copper/gold project in Canada (Yukon) called Casino. If they can get financing ($2.5 billion capex), and both copper and gold prices hold up, this could be a 25 bagger. If you value this as a 300,000 oz per year long... more
Updated: Evolution Mining Ltd
Evolution Mining is a solid mid tier producer. They have five producing mines in Australia and will produce 425,000 oz in 2014. They have moderate cash costs ($800 per oz). They need to improve their balance sheet with $142 million in debt. And with 7... more
Updated: Majestic Gold Corp
Majestic Gold is a small producer in China. They are currently producing 20,000 oz (they get 75%) and should reach full production of 105,000 oz in about 18 months. Their Song Jiagou flagship project in China is supposed to be a low cost mine with high... more
Updated: DELETE - Oroco Resource Corp.
Oroco Resources is another case study of why investing in gold mining stocks is so risky. They had an advanced project called Cerro Prieto that was on the verge of getting financed and developed into production. It was a 500,000 resource (M&I .7 gpt)... more
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