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News from September 2019

09/15/2019
Analysis  
Updated: ATAC Resources Ltd.
ATAC Resources is a project generator with a large project in the Yukon, Canada. The Rackla Gold property is a 115-mile narrow trend on 400,000 acres. They are drilling about 20 deposits and have had excellent drill results. So far it seems like every...  more
09/15/2019
Analysis  
Updated: Golden Arrow Res Corp.
Golden Arrow Resources had a large silver project (Chinchilla) in Argentina. This is yet again another cautionary tale for investing in project generators. Chinchilla is a 140 million oz deposit. They made a 75% JV with SSR Mining, who has built the mine.  more
09/15/2019
Analysis  
Updated: Ariana Resources Plc
Ariana Resources is a new small gold producer in Turkey. They have a 50% ownership of the Red Rabbit project (Kiziltepe and Tavsan). Cash costs are projected to be about $650 per oz and the IRR is 38%. Production is about 12,000 oz per year (their share).  more
09/15/2019
Analysis  
Updated: Ausgold Ltd
Ausgold Ltd has an interesting exploration property in Western Australia. Katanning (500,000 acres with a 9-mile strike) is a 1 million oz (1.3 gpt) resource likely to grow in size. They have 50+ more targets to drill and they think there is significant...  more
09/15/2019
Analysis  
Updated: Golden Share Resources Corp
Golden Share Mining is a project generator in Ontario, Canada. They have two early exploration gold projects: Berens River and Band Ore. Both are past producing mines with historical resources (around 400,000 oz). One of these projects could become a...  more
09/14/2019
Analysis  
Updated: Freegold Ventures Ltd
Freegold Ventures has a large gold project in Alaska. The Golden Summit project (3 million oz at .7 gpt) is in a good location, only 20 miles from Fairbanks and 5 miles from a large Kinross surface mine. They have an FD market cap of only $15 million,...  more
09/14/2019
Analysis  
Updated: Pretium Resources Inc
Pretium Resources has two large gold/silver projects in British Columbia, Canada (located in the Golden Triangle). They have 50 million oz of gold and 200 million oz of silver at their Brucejack and Snowfield properties. They have excellent production...  more
09/14/2019
Analysis  
Updated: Patagonia Gold Plc
Patagonia Gold (formerly Hunt Mining) is a small producer in Argentina. They will produce about 40,000 oz at Cap Oeste in 2019, where they have 1.2 million oz (including silver). They are only planning to produce 80,000 oz over two years. They have about...  more
09/14/2019
Analysis  
Updated: New Pacific Metals Corp
New Pacific Metals is a new company. In 2017, they paid $45 million to acquire Alcira, which has a potential large silver mine in Bolivia (Silver Sand). Silver Sand (12,000 acres acres) is still early exploration, but it looks like a very large mine....  more
09/14/2019
Analysis  
Updated: Oceanus Resources Corp
Oceanus Resources is a project generator with a large low-grade silver/gold project in Mexico. The El Tigre silver project (50,000 acres) has 44 million oz at 75 gpt (including gold) / or 1 million oz of gold equivalent at .8 gpt. It is getting close to...  more
09/13/2019
Analysis  
Updated: Leagold Mining Corp
Leagold Mining is a new company that is mostly ran by the Endeavour Mining team. The purchased the Los Filos mine in Mexico from Goldcorp. Los Filos is a large open pit and underground mine, producing 200,000 oz a year at $850 per oz cash costs. This is...  more
09/12/2019
Analysis  
Updated: Plata Latina Minerals Corp
Plata Latina Minerals is a project generator focusing on silver in Mexico. They have 3 early exploration projects (Palo Alto, Vaquerias, and La Joya) on 25,000 acres. The best thing they have going for them is the location of their projects, which are in...  more
09/12/2019
Analysis  
Updated: Fiore Gold
Fiore Gold is a small producer in Nevada. It is a new company that was formed by billionaire Frank Giustra merging Fiore Exploration with GRP Minerals in 2017. They have two projects (Pan and Goldstrike) in Nevada on 50,000 acres. They are currently...  more
09/12/2019
Analysis  
Updated: Horizon Gold Ltd
Horizon Gold is a new company (spin out from Panoramic Resources) in Australia. They have an excellent property, but investors are not impressed. Their FD market cap is only $18 million. Gum Creek has two high-grade open pits (Swan and Swift), which have...  more
09/11/2019
Analysis  
Updated: Asanko Gold Inc
Asanko Gold (formerly Keegan Resources) is a new mid-tier producer in West Africa (Ghana). Their 2 million oz Nkran open pit project is producing 220,000 oz at around $800 per oz cash costs. They lost money last quarter, will all-in costs around $1300. I...  more
09/11/2019
Analysis  
Updated: Spanish Mountain Gold Ltd
Spanish Mountain has a large (5.3 million oz at .4 gpt) open pit gold project in Canada (British Columbia). They recently updated their PEA, which reduced the capex to $385 million, decreased cash costs to $700 per oz ($550 for the first 10 years), and...  more
09/11/2019
Analysis  
Updated: Stratabound Minerals
Stratabound Minerals is a project generator focused in Canada. They have one gold property in the Yukon (Gold Culvert). It is on 20,000 acres and appears to be a discovery. They have only done a little bit of trenching and have identified a mineralized...  more
09/09/2019
Analysis  
Updated: G2 Goldfields Inc.
G2 Goldfields (previously Sandy Lake Gold) is a project generator focused in Canada and Guyana. They have two early exploration projects. Sandy Lake in Ontario is a large property (90,000 acres) in a good location. They claim it is the only place near...  more
09/09/2019
Analysis  
Updated: Sky Gold Corp.
Sky Gold (previously Sunvest Minerals) is a small exploration company in Canada. They have recently sold Their McKinnon-Hawkins gold project in Ontario (13,000 acres) in order to focus on their Clone project, which is located in the Golden Triangle (Briti  more
09/09/2019
Analysis  
Added: Genesis Minerals Ltd.
Genesis Minerals is trying to build a small underground gold mine (Ulysses) in Australia. It's a 750,000 oz deposit (3.3 gpt), but they are only focusing on 400,000 oz at 4 gpt. They completed a scoping study in 2018 and are working on a feasibility...  more
09/08/2019
Analysis  
Updated: Galantas Gold Corp
Galantas Gold is trying to build a small high-grade underground mine in Ireland. It has 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...  more
09/08/2019
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 1.6 million oz (2 gpt) with a completed feasibility study. The capex is $158 million to produce 90,000 oz...  more
09/08/2019
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 400,000 oz and has a short mine life and is scheduled to close in 2023. It is profitable, with $18...  more
09/08/2019
Analysis  
Updated: Red 5 Ltd.
Red 5 LTD is a new mid-tier producer in Australia. They plan to produce 110,000 oz in 2020 with all-in costs (free cash flow) around $1250 per oz. They have 2.8 million oz (3.8 gpt) at their Darlot and King of the Hills (KOTH) mines. Both mines have...  more
09/08/2019
Analysis  
Updated: Monarch Gold Corp
Monarques Gold is developing a large open pit project in Quebec. They acquired the Wasamac open pit project (2.5 million oz at 2.7 gpt) from Alamos Gold. They paid with 36 million shares. Investors seem to have ignored the acquisition, giving them an FD...  more
09/08/2019
Analysis  
Updated: Stelmine Canada Ltd
Stelmine Canada is an exploration company focused in Canada. They have been collecting properties in Quebec. They now have 7 on more than 100,000 acres. All 5 are on large properties. However, they are also early exploration without any discoveries. This...  more
09/08/2019
Analysis  
Updated: Luckystrike Resources Ltd
Luckystrike Resources is a new project generator. They were a spinout from Goldstrike Resources in 2018. They have 6 properties in the Yukon (White Gold district). Their Lucky Strike property (40,000 acres) is a potential mine with a discovery hole (22...  more
09/07/2019
Analysis  
Updated: Catalyst Metals Ltd
Catalyst Metals is a project generator focused in Australia. They have an exciting gold discovery (Four Eagles) with drill holes of 27 meters at 22 gpt, 22 meters at 31 gpt, 20 meters at 21 gpt. Their share price is at a 5-year high. Investors like high...  more
09/07/2019
Analysis  
Updated: Navarre Minerals Ltd.
Navarre Minerals is a project generator in Australia. They have two large early exploration gold projects. They are drilling Irvine, which has a 5-mile strike target. The property is on a 30-mile trend with several discoveries to explore: Langi Logan,...  more
09/07/2019
Analysis  
Updated: Dgo Gold Ltd
DGO Gold is a project generator in Australia. They have 3 early exploration gold projects. None of them appear to be discoveries. They claim to have 10 high priority drill targets, but do not mention on which properties. Ora Banda (5,000 acres), Mt...  more
09/07/2019
Analysis  
Updated: Encounter Resources Ltd
Encounter Resources is a project generator focused in Western Australia. They have very large land holdings, including 5 JVs with Newcrest over more than 1 million acres. Newcrest has an option to obtain 80% of any project they are exploring. They have...  more
09/07/2019
Analysis  
Updated: Firefox Gold
Firefox Gold is a new project generator focused in Finland. They did their IPO in 2018 and just began exploration. They have 5 properties with a total of 200,000 hectares. Some of their properties have past exploration and are potential discoveries....  more
09/06/2019
General  
New SeekingAlpha Article: Barkerville Gold
https://seekingalpha.com/article/4290144-barkerville-gold-mines-high-upside-potential  more
09/05/2019
Analysis  
Updated: Maya 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 are producing about 1 million oz per year. Cash costs are...  more
09/05/2019
Analysis  
Updated: Banyan Gold Corp
Banyan Gold has 2 early stage exploration open pit projects in the Yukon. Their main focus is The Aurex and McQuesten gold properties which are contiguous, comprising of 8,230 hectares and 1,000 hectares respectively and include areas of historic gold...  more
09/04/2019
Analysis  
Updated: Winston Gold Corp
Winston Gold Mining is advancing their Winston project to production in Montana. They do not have a PEA or resource estimate, so the risk is extremely high. They have 630 drill holes and think they can advance it to production with only $1.5 million. It...  more
09/03/2019
Analysis  
Updated: Hi Ho Silver Resources
Hi Ho Silver is a small project generator focused in Canada (British Columbia). All of their projects are early exploration and are mostly gold. They have a tiny market cap and I decided to add them to the database because of their catchy name. If silver...  more
09/03/2019
Analysis  
Updated: Valor Resources Ltd
Valor Resources is an Australian project generator with a large silver/copper/manganese project in Peru. It is a 50% JV, and their partner is drilling. The deposit has 125 million oz of silver (86 gpt), plus copper and manganese offsets. They are calling...  more
09/03/2019
General  
August 2019 Newsletter Posted.
The August 2019 newsletter has just been posted.  more
09/01/2019
Analysis  
Updated: Sanatana Resources Inc
Sanatana Resources is a project generator based in Canada. They have two early exploration projects. Jackfish in Ontario is on 17,000 acres and has never been drilled. Tirua in Papua New Guinea is on 17,000 acres and is a recent acquisition. It has had...  more


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