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News from December 2012
Noteworthy changes to our stock database
Recent noteworthy changes to our database:
RX Exploration was taken over by US Silver & Gold
Extorre Gold was taken over by Yamana Gold
Avion Gold was taken over by Endeavour Mining
The links to their pages will now redirect to the acquiring company.
When takeovers occur we remove the acquired company and ensure links to them go to the new company. We append their "notes" to the bottom of the acquiring company. If the acquisition represents a significant percentage of the company,... more
Updated: Timberline Resources Corp
Timberline Resources is highly undervalued and a potential 25 bagger long term at its current value ($16 million fully diluted market cap). They will have cash flow starting in Q2 2013 from their 50/50 Butte Highlands JV project. Annual production will... more
Updated: African Gold Group Inc.
African Gold Group is a high risk / high return stock, with a late stage project in southern Mali (Koboda). I paid .50 cents and thought it was a speculation investment with 20 bagger potential. I got in because of their Kobada and Asankrangwa projects,... more
Launched: Stock Analysis Alerts
We've just added stock analysis alerts. You can set up these for any stocks you are interested in. When they are re-analysed, you will be notified by email. more
Updated: Amarc Resources Ltd.
Amarc Resources has a solid late stage gold project (Newton) with 1.6 million oz (.4 gpt) and two other interesting projects in British Columbia, Canada. Their early stage Silver Vista silver project has excellent potential, and they think it could be a... more
Updated: Alacer Gold Corp
Alacer Gold was created in early 2011 from a merger of Avoca Resources (Australia) and Anatolia Minerals (Turkey). This merger appears to be in both companies interest and will drive the share price higher. Production should increase steadily from... more
First Majestic Purchases Orko Silver
First Majestic pays $387 Million. A 70% premium. more
Updated: Desert Mountain Energy Corp
African Queen Mines is a project generator with several early exploration projects in Africa. They have five projects that all potentially could have something. So far, they have not found a mine. They have very large land holdings in Kenya, Ghana, and... more
Updated: Agnico Eagle Mines Ltd
Agnico-Eagle is a solid company with 28 million oz of M&I gold and 140 million oz of M&I silver. Growth will be steady, but nothing to get excited about. They will likely outperform in the major category, but not significantly. With a $9 billion fully... more
Added: Defiance Silver Corp
Defiance Silver is a high risk / high return stock. It is a new company with a single property (San Acacio) in Mexico. They claim to have a team of proven mine builders and will be near term producers. If that is true, then how come I am not impressed... more
Updated: Amarillo Gold Corp
Amarillo Gold is highly undervalued. They have two excellent projects in Brazil. The Mara Rosa project (1.3 million oz at 1.6 gpt) is likely to begin production of 125,000 oz in 2015 (feasibility due in early 2013). Mara Rosa is on 150,000 acres and has... more
Updated: Abcourt Mines Inc.
Abcourt Mines is a high risk / high return stock. Their current fully diluted market cap is $20 million and they have two advanced stage projects that will likely get built. The Elder gold project (500,000 oz) is high grade at 6 gpt and has the long term... more
Updated: Almaden Minerals Ltd.
Almaden Minerals is one of the best project generators. They have 40 exploration properties (Mexico, Canada, and Nevada) and interests in many others (5 JVs and 14 with 2-3% NSRs). Their NSRs provide an income stream, along with $31 million in cash... more
Updated: Argonaut Gold Inc
Argonaut Gold became a mid tier producer in 2012 (my definition). There is a lot to like about this company. Their production is forecasted to grow from 90,000 oz this year to 240,000 in 2014 and potentially 500,000 long term. That is a solid growth... more
Richmont closes Francoeur mine. more
Updated: Acacia Mining Plc
African Barrick Gold is a strong major with growth potential. It would be a good stock for a gold mutual fund, but it will not outperform GDXJ. They have an excellent pipeline of projects to grow production and they are a low cost producer. Plus, they... more
Added: Southern Silver Exploration Corp
Southern Silver Exploration is a project generator with a tiny market cap ($7 million fully diluted) and a potential flagship property (Cerro Las Minitas). Freeport-McMoran optioned the property in 2012 and has to spend $5 million over the next three... more
Updated: Alamos Gold Inc
Alamos Gold is an emerging major that is performing well. They have very low cash costs, $300 million in cash, no debt, and forecasted production growth. This rosy picture has pushed up the stock price 18% in the past year to a $2.2 billion fully diluted... more
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 6 active properties and 13 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is a high grade flagship in the right... more
WallStForMainSt: Gold & Silver Going Higher in 2013!
WallStForMainSt interview by Jason Burack with Don Durrett. more
Updated: DELETE - Meadow Bay Gold Corp
Meadow Bay got lucky. They purchased a mine in Nevada that had a 500,000 oz resource (1.5 gpt) and they planned to double it and begin production. However, when they started drilling they found a porphyry extension off the main pit that could result in a... more
Updated: Teranga Gold Corp
Teranga Gold is a growing mid tier producer with a large single property. Their production should steadily increase over of the next five years from 200,000 oz in 2013 to 350,000 oz in 2016. The problem with this company is their location in West Africa ( more