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Mining Stocks - Latest News
San Gold Raises $50 Million
February 13, 2013
San Gold Announces $50 Million Offering of Convertible Debentures
WINNIPEG, MANITOBA--(Marketwire - Feb. 13, 2013) -
THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) (the "Company") today entered into an agreement with a syndicate of underwriters co-led by Scotiabank and CIBC under which they have agreed to act as underwriters to purchase, on a bought deal basis, more
Coeur d'Alene Mining Makes Bid for Orko Silver
News release link:
http://www.orkosilver.com/s/NewsReleases.asp?ReportID=570896&_Type=News-Releases&_Title=Orko-Announces-Superior-Proposal
My Take:
In December 2012, First Majestic made a friendly offer to purchase Orko Silver for about $2.25 per share. Then, today on February 13th (an unlucky day for First Majestic), Coeur d’Alene made a $2.70 offer. This was a 25% premium over First Majestic’s offer. I doubt First Majestic will make a counter-offer, because at $2.70, Orko is... more
Updated: Jaguar Mining Inc
Jaguar Mining is a mid-tier producer and significantly undervalued versus its peers. Estimated future reserves are valued at $10 per oz, when the industry average is over $150 for mid tier producers. They have 8.8 million oz at 1.3. gpt and a fully... more
SEDAR Links Added
We have added SEDAR links to 475 of our 512 stocks. SEDAR is the official site that provides access to most public securities documents and information filed by public companies and investment funds with the Canadian Securities Administrators (CSA). These include financial documents, Management Discussion and Analysis Reports and things like NI 43-101 documents, amongst many others. These links can be found on the quick links panel and the link panel on the search and compare view... more
Updated: NexGold Mining Corp
Treasury Metals is highly undervalued and a likely 5 bagger. They have a large (1.6 million oz at 2.5 gpt and 95% recovery) advanced stage project (Goliath) in Ontario, Canada. They are permitting it and a feasibility study is coming in 2013. They are... more
Updated: Freegold Ventures Ltd
Freegold Ventures is project generator with two large projects in Alaska. The combined resources of these two projects is 7 million oz. They are both economic grade surface mines, and have easy year round access. The Golden Summit project (5.5 million oz... more
Updated: Gabriel Resources Ltd
Gabriel Resources has a 20 million oz (1 gpt) gold project in Romania called Rosia Montana. It will be the largest gold mine in Europe. However, there are several negatives with this stock. First, they are having trouble getting their final permits (and... more
San Gold Cuts Production Guidance
I receive this email today from a member:
Hey Don,
San Gold cut their forecast for 2013 to 85k-95k ounces, and it doesn't seem like they can really expand their reserves like everybody hoped. do you still like them?
My reply
Here is the link:
http://sangold.mwnewsroom.com/press-releases/san-gold-provides-update-on-rice-lake-activities--tsx-sgr-201302080852042001
Here is a paragraph from the release on 2/8/2013:
The Company is providing preliminary guidance of between... more
Updated: Benton Resources Inc
Benton Resources is a project generator without any advanced projects. They do have 11 properties (10 in Canada and 1 in California) and some potential. They have two JV deals and three other gold projects they are currently exploring. One of these five... more
Updated: Dynacor Group
Dynacor Gold Mines uses a unique business model. They use cash flow from a mill ($15 million expected in 2013) to finance exploration. They have five early exploration properties in Peru that they are just beginning to drill. It will take a few years to... more
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