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Mining Stocks - Latest News
Updated: DELETE - Nautilus Minerals Inc.
Nautilus Minerals is a high risk speculation stock, however, the sky is the limit. They are planning to mine from the sea floor at deep depths (5000 feet and deeper). If it works, they will likely expand rapidly, adding reserves and new mines. They... (stock removed)
Updated: New Gold Inc
New Gold is a relatively new major with growth prospects (although most of their growth won’t happen until 2017). It's going to be interesting to see how companies such as New Gold get valued as gold heads higher. They are undervalued today with a... more
Alamos Gold Takeover of Esperanza Resources
Alamos Gold made a friendly offer to purchase Esperanza Resources for a 38% premium. The trend continues, and these terrible deals will continue until shareholders vote no. The stock was trading at $2.25 in 2011, so they are not paying a premium at .90 cents. In fact, they are paying a huge discount to the true valuation.
http://www.mining.com/esperanza-resources-acquired-by-alamos-gold-for-69-4-million-42678/?utm_source=digest-en-mining-130712&utm_medium=email&utm_campaign=digest
Alamos... more
Updated: Barrick Mining Corp
Barrick Gold is a monster company with 250 million ounces of gold and projections to increase production steadily from 7.2 million ounces to 10 million (excluding copper, which is projected to reach 1 billion lbs) over the next 4 years. They will spend $3 more
Updated: Buenaventura Mining
Buenaventura Mining is large major with production of 1 million oz of gold, 18 million oz of silver, and significant copper and zinc (30% of revenue comes from base metals). They do have a pipeline of 16 projects, but only one under development. They are... more
Updated: DRDGOLD Ltd
DRDGOLD is a mid-tier producer in South Africa. They recently sold their underground mine (Blyvoor) for 85 million shares to Village Main Reef. Blyvoor had high cash costs and they wanted to focus on their higher margin tailing reclamation project (from... more
Added: DELETE - Turquoise Hill Resources Ltd
Turquoise Hill Resources is really a copper producer, which is 51% owned by Rio Tinto (one of the largest copper producers). I'm including it in my database because the Oyu Tolgoi property is one of the 10 largest gold deposits in the world at 62 million... (stock removed)
Updated: International Iconic Gold
Marifil Mines is a project generator in Argentina. They have 17 properties, although about half of them are potash. They have gold, silver, base metals, and potash. They have one significant JV with Novagold, where they have a 30% interest. Novagold has... more
Updated: Gold Springs Resources
South American Silver has been a painful fall for their investors. It fell from $3.25 a share in 2010 to today’s price of .15 cents! Ouch. Today it has a small fully diluted market cap of $19 million. This happened because the Bolivian Government... more
Updated: Walker Lane Resources Ltd
CMC Metals is a potential 25 bagger, but the risk is very high. They have small deposits, but a plan to begin mining soon. They have (50% owner) a small gold mine (Radcliff) in California that they plan to get into production soon, perhaps 2 years. It is... more
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