Subscribe Now   -   Standard: only $199 per year   or   Premium: only $299 per year  -   Click Here

News from August 2016

08/31/2016
Analysis  
Updated: Golden Dawn Minerals Inc
Golden Dawn Minerals is a new company trying to bring 3 past producing gold mines back in production. Lexington, Golden Crown, and May Mac (British Columbia) never produced much gold, but the owners think they can find something. Lexington and Golden...  more
08/30/2016
Analysis  
Added: Metalla Royalty
Excalibur Resources is a new royalty company. They are focusing on small deals from $2 to $10 million. They made their first deal for a 2% NSR in Peru (Minado). It is capped at $1 million. They are low on cash, so it won't be easy for them grow rapidly....  more
08/30/2016
Analysis  
Updated: Orezone Gold Corp
Orezone Gold has a late stage project in West Africa (Burkina Faso). Their first mine (Bombore) should begin production in 2019. It is a 3 million oz open pit deposit. They recently had another company analyze the deposit and it was reduced by 1/3 from 4.  more
08/28/2016
Analysis  
Added: Alicanto Minerals Ltd
Alicanto Minerals is a project generator based in Australia. They have a JV project with Barrick Gold in Guyana. Barrick has an option to obtain 65% if the spend $10 million over the next four years. Early drill results have been very good. It is a very...  more
08/28/2016
Analysis  
Updated: Hummingbird Resources Ltd
Hummingbird Resources has two advanced open pit gold projects in West Africa (Mali and Liberia). It looks like a can't miss stock. They have 6.4 million oz at 2 gpt and another 150 targets on 1 million acres. The Yanfolila project (2.2 million oz) in...  more
08/24/2016
Analysis  
Added: Azarga Metals Corp
Azarga Metals has an early exploration project (Unkar) in Russia. It is large (12,000 acres) and they think it has a 2+ mile strike length based on the initial 11 holes. It is a copper/silver discovery. They have cash and plan to drill in 2016 and 2017....  more
08/24/2016
Analysis  
Updated: DELETE - Altius Minerals Corp.
Altius Minerals is a royalty company. They are primarily coal/electricity and potash (64% of revenus), plus base metals. However, they recently purchased Callinan Royalties, which has gold projects. Over time they will likely add more gold and silver...  more
08/23/2016
Analysis  
Updated: Gold Road Resources Ltd
Gold Road Resources has a large gold project (Gruyere) in Australia. It is already 5.5 million oz's (1.3 gpt) with multiple targets to expand in size. Investors like it and have pushed up the valuation to $442 million. The final feasibility study is due...  more
08/23/2016
Analysis  
Updated: Metallic Minerals Corp
Monster Mining is a new project generator in Canada (Yukon). They have a potential silver discovery (Keno-Lightening) that is next door to Alexco's large high grade silver deposit. It is on 15,000 acres and they have identified more than a dozen drill...  more
08/23/2016
Analysis  
Added: DELETE - Trevali Mining Corp
Trevali Mining is mostly a zinc producer. They have producing mines in Peru (Santander) and Canada (Caribou). I'm including them in the database because they have substantial silver resources. The are currently producing 1.5 million oz of silver a year....  more
08/22/2016
Analysis  
Updated: Avocet Mining Plc
Avocet Mining is a mid-tier producer in West Africa (Burkina Faso). They have high cost issues and debt issues. .They have cash costs around $950 per ounce and $66 million debt, with only $6 million in cash. It looks like they are going to keep producing...  more
08/22/2016
Analysis  
Updated: DELETE - Independence Group NL
Independence Group is mostly a base metals producer in Australia. They get cash flow from gold, nickel, zinc, and copper. They have two producing base metals mines, and a gold JV (Tropicana), where they receive 30% of production (150,000 oz in 2016)....  more
08/21/2016
Analysis  
Added: Contango Ore Inc
Contango Ore has a large high grade surface discovery in Alaska. Drill results have been stunning, with the market cap blasting off from $2.50 in January to $19. One drill hole was 38 meters at 51 gpt, another was 58 meters at 14 gpt (both from near...  more
08/21/2016
Analysis  
Updated: DELETE - Petropavlovsk Plc
Petropavlovsk PLC is a mid-tier gold producer in Russia. They have 23 million oz of gold resources and produce 450,000 oz. Cash costs are around $800 per oz. All of their mining is open pit and they have 4 producing properties. They have a poor balance...  more
08/21/2016
Analysis  
Updated: Pan African Resources Plc
Pan African Resources is a mid-tier gold producer in South Africa. They have large resources at 30 million oz (3.5 gpt) and are producing 200,000 oz with all-in costs (free cash flow) around $1150 per oz. They have been paying a high dividend at 4%, but...  more
08/20/2016
Analysis  
Added: DELETE - Pan Andean Minerals Ltd
BCGold Corp is small project generator based in Canada. They have a large property (13,000 acres) in Peru (Chanape / Pucacorral) that they recently obtained. It is currently their focus. They will be drilling it in 2016 and 2017. Past drill results have...  more
08/20/2016
Analysis  
Updated: Winshear Gold
Helio Resources is trying to advance a small surface gold mine in Tanzania. They have a small FD market cap of only $8 million, but their SMP project (600,000 oz) has 2 gpt gold at surface. This is a classic high risk / high reward stock. If they make it...  more
08/20/2016
Analysis  
Updated: Galantas Gold Corp
Galantas Gold is developing a small underground mine in Ireland. It will have a low capex ($11 million) because they already have a mill, which was recently used for open pit mining. The Cavanacaw / Omagh mine is 400,000 oz at 6 gpt. They will need to...  more
08/20/2016
Analysis  
Updated: Ariana Resources Plc
Ariana Resources is a near-term gold producer in Turkey. The have a 58% ownership of the Red Rabbit project. The $31 million capex is funded, and the project has a PFS and is permitted. Cash costs are only $600 per oz and the IRR is 38%. Construction...  more
08/19/2016
Analysis  
Updated: DELETE - Chaarat Gold Holdings Ltd
Chaarat Gold has a large 6 million oz project (4.7 million oz of reserves) in Kyrgyzstan. The feasibility study is completed. The capex is $470 million to produce 200,000 oz annually with all-in costs (free cash flow) under $1000 per oz. The after-tax...  more
08/19/2016
Analysis  
Updated: DELETE - Algold Resources Ltd
Algold Resources is a new company with 4 early exploration projects in West Africa (Burkina Faso and Mauritania). They have a good management team and were able to recently raise money, increasing their cash balance to $3 million. They have a gold...  more
08/19/2016
Analysis  
Added: DELETE - Carbine Resources Ltd
Carbine Resources is advancing an open pit project (Mount Monger) in Australia. Their DFS (definitive feasibility study) is due in Q3 2016. The expected capex and cash costs per oz are unknown. It's a small resource with 400,000 oz (2 gpt), but they have...  more
08/19/2016
Analysis  
Updated: Asara Resources Ltd
Golden Rim Resources has exploration projects in Burkina Faso and Chile. Korongou (90% owned) has a 10 mile strike length to explore. It looks promising, but there is high risk because they are still in early exploration without a mine. Paguanta (70%...  more
08/18/2016
Analysis  
Added: Blende Silver Corp
Blind Creek Resources is a small exploration company in Canada. Their Blende property in the Yukon is getting overlooked it has 132 holes drilled and 38 million oz (57 gpt) of silver at surface. Yet, they have a FD market cap of $2 million. Plus, it has...  more
08/18/2016
Analysis  
Updated: Red 5 Ltd
Red 5 LTD is small gold producer in the Philippines. Their open pit has a short mine life (2018 or 2019) and they are planning to mine underground. The Siana project is 1.3 million oz, with 2 gpt surface and 5 gpt underground. They do not have any debt...  more
08/18/2016
Analysis  
Updated: Sihayo Gold Ltd
Sihayo Gold is trying to build their first mine in Indonesia. They have been in business a long time and have 20 projects. Their Pungkut deposit is 1.4 million oz (2.4 gpt) with a completed feasibility study. The capex is only $58 million, but investors...  more
08/17/2016
Analysis  
Updated: Alkane Resources Ltd
Alkane Resources is small Australian gold producer at 50,000 oz per year. They have a lot of experience and good management team. Their Tomingley mine has 800,000 oz and should be a 10 year mine. The key to this stock is their rare earth Dubbo project....  more
08/17/2016
Analysis  
Updated: Tribune Resources Ltd
Tribune Resources appears to be project generator. They have a 37% JV called Kundana (EKJV) that is in production. Revenue will be over $100 million in 2016. They do not have a company presentation on their website or any information about their...  more
08/17/2016
Analysis  
Added: Tudor Gold Corp
Tudor Gold has several large properties in the golden triangle in British Columbia. Even without a discovery, their FD market cap is $74 million. They currently do not have a company presentation, so it is difficult to know what they are exploring. They...  more
08/17/2016
Analysis  
Updated: Prodigy Gold
ABM Resources has 3 million acres in Australia. They have found about 2.5 million oz (.6 gpt) and have many more targets to drill. They are cashed up with $10 million in the bank and no debt. With their resources and drill targets, it must be an exciting...  more
08/17/2016
Analysis  
Added: Tudor Gold Corp
Tudor Gold has several large properties (90,000 acres) in the golden triangle in British Columbia. Currently, their focus is on Treaty Creek. Early drill results have increased their FD market cap to $74 million. One drill hole was 240 meters at .8 gpt....  more
08/16/2016
Analysis  
Updated: Austral Gold Ltd
Austral Gold is a gold producer in Chile and Argentina with a third mine under development. Their Guanaco mine (750,000 oz at 1.5 gpt) produces 50,000 oz at $850 per oz cash costs. They recently purchased the Casposo mine (25,000 oz of production) form...  more
08/16/2016
Analysis  
Updated: DELETE - Strategic Minerals Corp. NL
Strategic Minerals is drilling a gold discovery in Australia. They have found 800,000 oz at 1 gpt and will likely find more. They have been drilling since 2014 and they have $1 million in cash to continue. It's still early exploration and they will...  more
08/16/2016
Analysis  
Added: American Creek Resources Ltd
America Creek Resources is a project generator in Canada. They have several properties in the golden triangle in British Columbia. They have 2 JVs with a 20% ownership for Treaty Creek and 40% ownership for Electrum. Both are large properties near the...  more
08/16/2016
Analysis  
Updated: Amani Gold Ltd
Burey Gold has two early exploration projects in Africa. Giro is in the DRC on 150,000 acres. They have been drilling in 2014 and 2015 with good results. 81 meters at 1.4 gpt. 55 meters at 3.2 gpt. 97 meters at 2.7 gpt. With those results they should be...  more
08/15/2016
Analysis  
Updated: Scotgold Resources Ltd
Scottgold Resources has a small high grade gold deposit in Scotland. It's only 170,000 oz (11 gpt), but they want to produce it. It also has 600,000 oz of silver, so that will reduce the cash costs. They are low on cash and making slow progress. There is...  more
08/15/2016
Analysis  
Updated: Bassari Resources Ltd
Bassari Resources has an advanced gold project in Senegal, West Africa. The Makabingui project (200,000 acres) has a 700,000 oz (their share) deposit (2.6 gpt) with a feasibility study. The capex is only $12 million for the open pit and $35 million for...  more
08/15/2016
Analysis  
Updated: Investigator Resources Ltd
Investigator Resources is exploring a silver discovery (Paris) in Australia. It is already a 20 million oz resource (110 gpt) at surface. If they can increase the size of the deposit, this could be a 10+ bagger. The FD market cap is only $18 million. It's  more
08/15/2016
Analysis  
Added: OreCap Invest Corp
Orefinders Resources has a gold discovery (Mirado) in Ontario. It is a 440,000 oz (1.3 gpt) resource. That's a pretty good size discovery for their $2 million FD market cap. It's a past producing mine, so permitting shouldn't be difficult. Plus, they...  more
08/11/2016
Analysis  
Updated: DRDGOLD Ltd
DRDGOLD is a mid-tier producer in South Africa. They recently sold their underground mine for $18 million. Blyvoor had high cash costs and they wanted to focus on their higher margin tailing reclamation project (from three old surface mines). Their gold...  more
08/11/2016
Analysis  
Updated: 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...  more
08/11/2016
Analysis  
Updated: Gold Springs Resources
TriMetals Mining (formerly South American Silver) has been a painful fall for their investors. It has fallen from $3.25 a share in 2010 to today’s price of .22 cents. Ouch. Today it has a FD market cap of $32 million. This happened because the Bolivian...  more
08/11/2016
Analysis  
Updated: Gold Fields Ltd
Gold Fields is a large major with a focus in Africa. They currently produce 2 million oz per year with all-in costs around $1150. They should be able to maintain or expand production with 8 projects in their pipeline. The Deep South mine could add 700,000  more
08/11/2016
Analysis  
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...  more
08/11/2016
Analysis  
Added: Apex Resources Inc
Apex Resources (formerly Sultan Resources) has a 2 million oz deposit (.5 gpt) in British Columbia. It is shallow and open at depth. This stock appears to be sleeper that will be found at higher gold prices. They are low on cash and will dilute soon. It...  more
08/10/2016
Analysis  
Updated: DELETE - Golden Star Resources Ltd.
Golden Star Resources is an old company with 25 years of experience. They have a good management team and appear to be heading in a good direction. They have 9 million oz of resources in Ghana, West Africa. In 2016, they will produce 180,000 oz at about $  more
08/10/2016
Analysis  
Updated: GMV Minerals Inc
GMV Minerals is advancing an open pit oxide gold mine in Arizona. Their Mexican Hat property is a gold discovery with 500,000 oz at .7 gpt. Their share price has exploded in 2016 from 6 cents to 46 cents. The reason for the explosion is the expectation...  more
08/10/2016
Analysis  
Updated: Gold Reserve Inc
Gold Reserve Inc has been on hold since April 2008, when their mining license was revoked on their Brisas project by Venezuela. In 2014, they were awarded $740 million by an arbitration court. In 2016, Venezuela agreed pay for 55% ownership. However,...  more
08/10/2016
Analysis  
Updated: Intl. Tower Hill Mines Ltd
Int. Tower Hill Mines has a monster project (Livengood) in Alaska with 20 million oz (.5 gpt) with a 80% recovery rate. They released a feasibility study in July 2013 and it was a shock. The capex rose from $1.5 billion to $2.7 billion. Cash costs per oz...  more
08/09/2016
Analysis  
Updated: Dundee Precious Metals Inc
Dundee Precious Metals is mid-tier producer. They have one producing gold mine in Bulgaria (Chelopech) at 150,000 oz, with significant offsets in silver, copper, and zinc to make them a low cost producer. Cash costs are under $500 per oz, with all-in...  more
08/09/2016
Analysis  
Updated: Pelangio Exploration Inc
Pelangio Exploration is a relatively new project generator and has three large exploration projects in Ghana (125,000 acres). It looks like they have found a potential million oz mine (Manfo). The initial resource estimate came out in 2012 at 500,000 oz (  more
08/09/2016
Analysis  
Updated: DELETE - Millrock Resources Inc
As far as project generators go, Millrock Resources is a good one. They have 8 JVs and this number should increase over time. They have 9 properties in Alaska (which is nearly always infrastructure challenged) and 10 properties in Mexico. They are well...  more
08/08/2016
Analysis  
Updated: Renegade Gold
Confederated Minerals is trying to advance a high grade project (Newman Todd) in the Red Lake District in Ontario. They had to release a PEA to get a 70% option, so they released one in 2014. However, they will need to do a lot more drilling and expand...  more
08/08/2016
Analysis  
Added: Palamina Corp
Palamina Corp is a new project generator in Mexico. They have 3 early exploration projects. This is the Soltoro management team that sold their flagship project to Agnico Eagle. These are their leftovers that were used to form a new company. They have...  more
08/08/2016
Analysis  
Added: Walker River Resources Corp
Walker River Resources is a small project generator. They have two small early exploration projects. Lapon Canyon is a 700 acre past producing high grade gold mine. They began drilling in 2015 and had a good hole: 12 meters at 8 gpt. They are low on cash,  more
08/08/2016
Analysis  
Updated: Outcrop Silver & Gold
Miranda Gold is a relatively new project generator. They have 3 JVs and 5 properties (Nevada, Alaska, and Colombia), but none of their projects are in late stage development or a significant discovery. Thus, I consider this a highly speculative long term...  more
08/07/2016
Analysis  
Updated: Aya Gold & Silver Inc
Maya Gold & Silver is a small silver producer in Morocco. Zgounder, their silver project (85% owned), is a past producing mine (working mill onsite) with a 10 million oz resource (10 opt). They began production in 2014 at about 500,000 oz per year. They...  more
08/07/2016
Analysis  
Updated: Aya Gold & Silver Inc
Maya Gold & Silver is a small silver producer in Morocco. Zgounder, their silver project (85% owned), is a past producing mine (working mill onsite) with a 10 million oz resource (10 opt). They began production in 2014 at about 500,000 oz per year. They...  more
08/06/2016
Analysis  
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
08/05/2016
Analysis  
Updated: Gold Resource Corp
GORO (Gold Resource Corp) was a great pick in early 2009, when it traded under $3. After they went into production, the stock rocketed to $30 a share in 2011. However, it came all the way back, trading at $1.91 in early 2016. Today it is trading at $6.45  more
08/05/2016
Analysis  
Updated: Fortuna Silver Mines Inc
Fortuna Silver is a mid-tier producer in Mexico and Peru. Fortuna is very similar to First Majestic Silver and Endeavour silver. All of them performed very well in 2010 and 2011. They all have low cash costs, very little debt, and substantial cash. And...  more
08/04/2016
Analysis  
Added: Arkle Resources PLC
Connemara Mining has two JV's in Ireland. The first is a 25% JV with Hendrick Resources. It is an early exploration gold project. The second is a 25% JV with Teck. It is an early exploration zinc project. They also have a couple of other properties in...  more
08/04/2016
Analysis  
Added: Golden Cariboo Resources Ltd
Golden Cariboo is a small project generator in Canada with a tiny FD market cap of $1.5 million. They have a 70% option on 10 early exploration properties in Canada. Their partner is Golden Valley Mines, who owns the other 30%. Recently Eric Sprott made...  more
08/04/2016
Analysis  
Updated: Eldorado Gold Corp
Eldorado Gold is a major and a strong company with a lot of reserves (26 million oz). They have been a growth oriented company with production increasing from 100,000 oz in 2006 to 550,000 oz in 2014. They have 6 operating mines and 2 more under...  more
08/03/2016
Analysis  
Added: Lumina Gold Corp
Odin Mining has a large gold discovery in Ecuador (Cangrejos). Investors like it, bidding up the FD market cap to $102 million. Some of the drill holes have been impressive: 330 meters at .68 gpt gold, and 400 meters at .66 gold. It's still early...  more
08/03/2016
Analysis  
Updated: Golden Goliath Resources Ltd
Golden Goliath Resources is a relatively new project generator with a focus in Mexico. They have 8 properties on 20,000 acres. However, they optioned 5 of these properties to Fresnillo for a 1% NSR. They kept San Timeteo, which has been their focus. I'm...  more
08/02/2016
Analysis  
Added: Magellan Gold Corp
Magellan Gold is actually a silver company. Their goal is to become a small silver producer. They have a large property in Arizona with a historical resource of 16 million oz at 120 gpt (but a low recovery rate around 65%). They think there is a lot more...  more
08/02/2016
Analysis  
Updated: Spanish Mountain Gold Ltd
Spanish Mountain is highly undervalued. They are forecasting 200,000 ounces of production at their Canadian mine and they have a fully diluted market cap of $33 million. Their future reserves are valued at $8 per oz. Even if they give away half of the...  more
08/01/2016
Analysis  
Updated: Idaho Strategic Resources Inc
New Jersey Mining is a small gold producer in Idaho. Their Golden Chest deposit is 400,000 oz at 1.5 to 3 gpt. They will have some cash flow, but not much with low production. If they can find more gold and ramp up production, then it could do well. The...  more
08/01/2016
General  
July 2016 Newsletter Posted
The July 2016 newsletter has just been posted. If you're set to receive a notification via email, it will be arriving shortly.  more


We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×