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Mining Stocks - Latest News
Updated: Newmont Corp
Newmont Mining is a solid major, although growth will be flat at around 5 million oz until 2016. They have 140 million oz of gold resources and a large pipeline (19 projects in development). Their problem is that they are so big ($14.5 billion fully... more
Updated: Torex Gold Resources Inc
Torex Gold Resources has a large late stage project (Morelos) in Mexico. They have already have found 5 million oz (2.5 gpt) and are likely to find more. They have a $900 million fully diluted market cap, so most of the value is already in the stock... more
Updated: Perseus Mining Ltd
Perseus Mining is a mid-tier producer. A year ago when I analyzed it, the FD market cap was a $1.3 billion market cap. Today the stock price has dropped 80% and it is down to a FD market cap of $227 million. They will produce about 200,000 oz in 2013,... more
Updated: Salazar Resources Ltd
Salazar Resources has a late stage project (El Domo deposit on their large Curipampa property). If El Domo (600,000 oz at 2.8 gpt) was not in Ecuador, I would like this stock. Three countries I am avoiding are: Venezuela, Bolivia, and Ecuador.... more
Gold Demand / Gold Prices
I read an article on the internet today, where the author said that Chinese gold demand will be the driver for gold prices.
I disagree. China demand is not going anywhere. They are importing boatloads and planeloads every month, and that will continue for the rest of the decade.
The key to gold prices are the US economy and the 10 year US Treasury interest rate. As long as we continue to have low interest rates and steady growth (any growth will do) in the US economy, then gold will... more
Updated: DELETE - C2C Gold Corp
Taku Gold is a project generator with a large land package of 7 properties (160,000 acres) in the Yukon. They also have the Tag Gold project (6,000 acres) in British Columbia, where they drilled 69 holes in 2006 through 2008 and found mineralization in... more
Updated: Midland Exploration Inc
Midland Exploration is a project generator with 41 properties and 18 projects on 600,000 acres in Quebec and Ontario. They have 5 JVs, including deals with Agnico Eagle, Osisko, and Aurizon. However, none of them are advanced projects. They have a FD... more
Updated: Resolute Mining Ltd
Resolute Mining is a strong mid-tier producer with three producing mines in Australia and Africa (Mali and Tanzania). One of their mines is going to close in 2014, but they have two others they can build. They have average cash costs ($850 per oz), no... more
Updated: Pelangio Exploration Inc
Pelangio Exploration is a relatively new project generator and has three large exploration projects in Ghana (125,000 acres). It looks like they have found a million oz mine (Manfo). The initial resource estimate came out in 2012 at 500,000 oz (1 gpt).... more
Updated: DELETE - Millrock Resources Inc
As far as project generators go, Millrock Resources is a good one. They are cheap ($8 million fully diluted market cap) and are poised to grow. They already have 8 JVs and this number should increase over time. They have 9 properties in Alaska (which is... more
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