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Mining Stocks - Latest News
Updated: STLLR Gold
Moneta Porcupine has an excellent project in Ontario, Canada. The Golden Hwy property is a 4.3 million oz resource (1 gpt with a 90% recovery rate). They recently released a PEA for 25,000 tpd at 288,000 oz annual production. The capex was high at $600... more
Updated: Euromax Resources Ltd
Euromax Resources has significant upside potential, although it is a long term investment and has significant risk. They have two large gold projects. The Ilovitza project in Macedonia has 4.3 million ounces (inferred at .3 gpt). Ilovitza has a PEA for... more
Updated: Galiano Gold Inc
Asanko Gold (formerly Keegan Resources) is an undervalued stock with a large (5 million oz at 1.2 gpt) late stage project called Esaave in Africa (Ghana). They own 90% and the Ghana government owns 10%. If you don't mind investing in Ghana (currently a... more
NWM Mining to acquire Auriga Gold
NWM Mining to acquire Auriga Gold
March 1, 2013
NWM Mining Corporation ("NWM") (TSX-V: NWM) and Auriga Gold Corp ("Auriga") (TSX-V: AIA) are pleased to announce that a non- binding letter of intent has been entered into for the acquisition of all of the outstanding common shares of Auriga. It is anticipated that the Transaction will proceed by way of a three-cornered amalagamation which may be pursuant to a Plan of Arrangement under the Business Corporations Act, (Ontario). It is... more
Added: Regulus Resources Inc
Regulus Resources has a large copper (1 billion lbs at 3%) and gold (1.6 million oz at .35 gpt) project in Argentina. The Rio Grande project (45,000 acres) is close to becoming advanced and requiring a PEA. They still have more drilling to do and it is... more
Hecla Mining to Acquire Aurizon Mines
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2013) - The Board of Directors of Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK) ("Aurizon" or the "Company") today announced that it has entered into a definitive agreement pursuant to which Hecla Mining Company (NYSE:HL) will acquire all of the outstanding diluted common shares of Aurizon for approximately CAD$796 million. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act ( more
Added: Serabi Gold
Serabi Mining is a near term producer in Brazil (Q4 2013). They are one of the few stocks today that are not super cheap. They have a market cap of $61 million and a deposit of only 600,000 oz (7 gpt). It is going to take them some time to increase... more
Added: Orosur Mining Inc
Orosur Mining is a producer in Uruguay at 65,000 oz per year. However, they have high cash costs and only about $5 million in cash flow. Plus, they have a weak balance sheet with $10 million in debt and only $4 million in cash. But this is still a... more
Added: Focus Minerals Ltd
Focus Minerals is a mid tier producer in Australia. They have two solid properties: Laverton and Coolgardie. Both are large (400,000 acres combined) with about 40 exploration targets. They have a combined 4.3 million oz at 2.2 gpt, and significant... more
Updated: Golden Minerals Co
Golden Minerals is a small silver producer with a lot of upside potential. They will produce about 1 million ounces in 2013 (silver equivalent including gold), 1.5 million ounces in 2013, and perhaps 4 million by 2016. It is a stock heading much higher,... more
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