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Mining Stocks - Latest News
Updated: Garibaldi Resources Corp
Garibaldi Resources is a new company with a large land package (800,000 acres) in Mexico (Sierra Madre). They have 9 projects on 3 properties (Iris, Rodadero, and Tonichi) and dozens of potential drilling targets. They have used hyper spectral aerial... more
Updated: Silver Storm Mining Ltd
Golden Tag Resources has an excellent silver project in Mexico. It is a 100 million oz resource (2 opt) with significant offsets for lead, zinc (1 billion lbs of each) to make it a very low cost mine. They own 60% (if they spend another $3 million on... more
Updated: Eagle Plains Resources Ltd
Eagle Plains Resources is a project generator in Western Canada that has been around since 1992. They have amassed 35 projects and have 18 JV deals. They would have more, but utilize a spin-out strategy once a project advances to production. This... more
Updated: Bayhorse Silver Inc
Kent Exploration had a good property (Gnaweeda) and spun it out into a new company (Archean Star). They kept 10 million shares in Archean which are worth about $1.5 million. That left shareholders with 3 early exploration projects in New Zealand. That... more
Updated: Goldflare Exploration Inc
Typhoon Exploration is new project generator that began in 2003. They have 6 properties in Southern Quebec in the Abitibi gold belt. All are early exploration. The Fayolle property (5500 acres) is a gold discovery with 200,000 oz at 1.5 gpt. Their other... more
Updated: First Majestic Silver Corp
First Majestic Silver is one of the best silver producers. They have $100 million in cash and no debt. Their all-in costs for 2013 should be around $15, with cash costs about $10. Production is forecasted to grow from 11 million oz in 2013 to 16 million... more
Updated: Greencastle Resources Ltd
Greencastle Resources is a new project generator. They have 3 early exploration gold properties. Their main property is Nechako on 30,000 acres in British Columbia. They spun this property into a subsidiary called Deveron Resources. The own 65% with... more
Updated: TNR Gold Corp
TNR Gold is not performing that well for a project generator. They have been around a while, yet they do not have any JVs. They have three projects. The Los Azules copper project has the most potential. This large copper/gold project is owned by McEwen... more
Is June the Month?
This gold correction which began in September 2011 has been brutal for mining stock investors. Anyone who has bought the dip during this correction has constantly watched mining shares go lower, until May. Now we appear to have seen the bottom in the HUI hold. Sure, we could see a new low below 250, but it looks like June will be the month for a breakout.
The mining shares have been obliterated during this 21 month correction, just like what happened in 2008. The fall in the HUI (628 to 249 = more
Is Gold Confiscation Possible?
I say no. The problem with confiscation is that gold is becoming a global currency and replacing fiat. This wasn't the case in the 1930s. If a country like the US wanted to confiscate gold while the rest of the world was moving to gold as a currency, then that wouldn't make sense. We would be perceived as a laughing stock with our heads in the sand.
Gold is becoming a de-facto currency. I don't see how this can be stopped or how governments can stop it. The real issue here is taxation, which... more
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