Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

News from November 2019

11/16/2019
Analysis  
Updated: Golden Tag Resources Ltd
Golden Tag Resources has a large silver project (San Diego) in Mexico. It is a 110 million oz resource (2 opt) with significant offsets of lead and zinc (1 billion lbs of each). The grade is low, but the zinc and lead will make it economic around $30/oz...  more
11/16/2019
Analysis  
Updated: Mundoro Capital Inc.
Mundoro Capital is a new project generator focused in Eastern Europe. They have 8 properties in Serbia and Bulgaria. Their North and South Timok properties are optioned to 3 JV partners (they kept 25% of each) who are drilling. All of their properties...  more
11/16/2019
Analysis  
Updated: Kingsmen Resources Ltd
Kingsmen Resources (formerly Tumi Resources) has one silver project in Mexico. They have some upside potential with an FD market cap of $1.5 million. However, they have not made much progress the last few years. They are exploring with a small budget....  more
11/16/2019
Analysis  
Updated: Wesdome Gold Mines Ltd
Wesdome Gold Mines is a mid-tier producer in Canadian with an FD market cap of $907 million. They stumbled a bit in 2016 and 2017, with production decreasing from 96,000 to 55,000 oz. However, they had an excellent 2018, with production coming back to 75,  more
11/16/2019
Analysis  
Updated: Yorbeau Resources
Yorbeau Resources is a project generator in Canada. They recently gave IAMGold a 100% option to purchase their Rouyn project (about $2 million paid over the next 2 years), plus a 2% NSR. That will give them financing to explore their other projects. It...  more
11/16/2019
Analysis  
Updated: Orefinders Resources Inc
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 $6 million FD market cap. It's a past producing mine, so permitting shouldn't be difficult. Plus, they...  more
11/16/2019
Analysis  
Updated: Gateway Mining
Gateway Mining is a project generator focused in Western Australia. They have several properties they are exploring. Their large Gidgee property (175,000 acres) has several discovered surface open pits that they are drilling. It looks like a mine in the...  more
11/15/2019
Analysis  
Updated: Oroco Resource Corp.
Oroco Resources is another case study of why investing in gold mining stocks is so risky. They had an advanced project called Cerro Prieto that was on the verge of getting financed and developed into production. It was a 500,000 resource (M&I .7 gpt)...  more
11/15/2019
Analysis  
Updated: Orefinders Resources Inc
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 $6 million FD market cap. It's a past producing mine, so permitting shouldn't be difficult. Plus, they...  more
11/14/2019
Analysis  
Updated: Azure Minerals Ltd.
Azure Minerals is an Australian based exploration and development company focused in Mexico. They have a small zinc/silver discovery (Oposura) that they are fast-tracking to production in 2020. They will use the cash flow from Oposura to advance their...  more
11/13/2019
Analysis  
Updated: Katoro Gold PLC
Katoro Gold has two gold projects in Tanzania. Imweru is a 500,000 oz (1.4 gpt) deposit that they are advancing to production. They plan to do a PFS and DFS, but they will need funds to accomplish that goal and engageme with the Tanzanian Ministry of...  more
11/12/2019
Analysis  
Updated: Millennium Minerals Ltd.
Millennium Minerals is a mid-tier producer in Australia. They have low resources at around 1.2 million oz. They likely have more because they drilled 200,000 meters in 2017 and have 30+ targets. They have excellent exploration potential with a 24-mile...  more
11/11/2019
Analysis  
Updated: CMC Metals Ltd
CMC Metals is trying to become a small silver producer. They had a 50% ownership in a small producing gold JV in California (Radcliff) but has been unable to deliver a consistent grade of ore. Challenges with the joint venture have caused them to halt...  more
11/11/2019
Analysis  
Updated: Benchmark Metals Inc
Benchmark Metals is a new exploration and development company. They have a project (Lawyer) in the Golden Triangle (British Columbia) that appears to be a mine. It's still early exploration, but recent drill results have doubled their valuation to $31...  more
11/11/2019
General  
New SeekingAlpha Article: Amarillo Gold
https://seekingalpha.com/article/4305490-amarillo-gold-exciting-gold-development-story  more
11/10/2019
Analysis  
Updated: Malachite Resources Ltd
Malachite Resources has a 55% ownership in a small high grade gold project (Lorena) in Australia. The project didn't perform according to studies and currently they are out of cash with $6M in unsecured convertible loan while they have a deep working...  more
11/10/2019
Analysis  
Updated: Adriadic Metals
Adriadic Metals is a new mining company focused in Bosnia. They have 3 properties and are trying to develop their Rupice project. They released a maiden resource of 9 million tons with 180 gpt silver, 5% zinc, plus gold, lead, and copper. They are...  more
11/10/2019
Analysis  
Updated: Bellevue Gold
Bellevue Gold is a project generator focused in Western Australia. They have a large high-grade discovery (Bellevue) and their share price has taken off. They have 1 million acres on 4 properties (Bellevue, south Yandal, Jundee North, and Fisher West)....  more
11/10/2019
Analysis  
Updated: Argent Minerals
Argent Minerals is trying to advance a silver/zinc/gold project in Australia. Their Kempfield project is becoming advanced. It is a low-grade silver/gold project (40 million oz at 45 gpt AG), but it has lead and zinc offsets. It will likely be economic...  more
11/09/2019
Analysis  
Updated: Sailfish Royalty Corp
Sailfish Royalty is a new company. They only have 5 NSR properties, but one of them (San Albino) begins paying out in 2021 at about $3 million per year. At higher gold prices, it could double in value. They are currently out of cash, so expect dilution....  more
11/09/2019
Analysis  
Updated: Bardoc Gold Ltd
Bardoc Gold (Previously Spitfire Materials) is an Australian gold mining company. They acquired Excelsior Gold on October 2nd. This gave them two advanced projects (Aphrodite and North Kalgoorlie) in Western Australia with 3 million oz (1.9 gpt). They...  more
11/09/2019
Analysis  
Updated: Austral Gold Ltd.
Austral Gold is a gold producer in Chile (Guanaco and Amancaya). They currently produce about 70,000 oz of gold equivalent (including silver), with plans to increase that to 100,000 oz in the near term. Production will increase to about 100,000 oz when...  more
11/09/2019
Analysis  
Updated: Westhaven Ventures Inc
Westhaven Ventures is a project generator in Canada. They recently had a major discovery (17 meters at 24 gpt) at Shovelnose in 2018. The stock blasted off over $1, but has come back down, and currently trades at 57 cents. They have 84,000 acres not that...  more
11/09/2019
Analysis  
Updated: Sunstone Metals
Sunstone Metals is an Australian-based project generator with gold projects in Ecuador and Finland. Both projects are early exploration. I think investors are excited about Bramaderos in Ecuador (7,500 acres). It appears to be a gold/copper discovery,...  more
11/08/2019
Analysis  
Updated: MegumaGold Corp.
MegumaGold (previously Coronet Metals) is a canadian exploration company focused in Nova Scotia and British Culombia. They recently invested $1M for 19% of Osprey Gold who looks to find mineralization similar to Atlantic Gold, which was acquired by St....  more
11/07/2019
Analysis  
Updated: Amarillo Gold Corp
Amarillo Gold has an excellent project in Brazil. The Mara Rosa project (1.5 million oz at 1.3 gpt) is economic (50% after-tax IRR at $1300 gold) with cash costs of only $550 per oz. They need to complete the final feasibility study, which is scheduled...  more
11/07/2019
Analysis  
Updated: Amarillo Gold Corp
Amarillo Gold has an excellent project in Brazil. The Mara Rosa project (1.3 million oz at 1.6 gpt) is economic (50% after-tax IRR at $1300 gold) with cash costs of only $550 per oz. They need to complete the final feasibility study, which is scheduled...  more
11/07/2019
Analysis  
Updated: Loncor Resources Inc
Loncor Resources is a new exploration company with 3.5 million acres in the DRC (Democratic Republic of Congo). When I looked at them in 2012, they had an FD market cap of $113 million. I thought that was bit pricey for a company without any resources....  more
11/07/2019
Analysis  
Updated: Hochschild Mining Plc
Hochschild Mining is a large silver/gold producer in South America. They will produce 38 million of silver equivalent (including gold) in 2019. All-in costs per oz are about $14 or $15 (silver equivalent, including gold). They currently have 4 operating...  more
11/06/2019
Analysis  
Updated: Hochschild Mining Plc
Hochschild Mining is a large silver/gold producer in South America. They will produce 38 million of silver equivalent (including gold) in 2019. All-in costs per oz are about $13.50 (silver equivalent, including gold). They currently have 4 operating...  more
11/05/2019
Analysis  
Updated: Metminco Ltd
Metminco Ltd is trying to become a gold producer in Colombia. They have acquired the properties (Miraflores, Dosquebradas, and Tesorito) that Seafield Gold owned before they went bankrupt. It appears that Metminco got a great deal because they don't have...  more
11/05/2019
General  
New SeekingAlpha Article: Investment Strategies For Gold/Silver Mining Stocks.
https://seekingalpha.com/article/4302299-investment-strategies-gold-silver-mining-stocks  more
11/04/2019
Analysis  
Updated: Goldgroup Mining Inc
Goldgroup Mining is a small producer in Mexico. They had to sell their flagship Cabello Blanco project in 2014 because of financing issues. Now they are left with two small projects. Cerro Prieto is low-grade open pit project. They began mining in 2015...  more
11/04/2019
Analysis  
Updated: Bezant Resources Plc
Bezant Resources had a large copper/gold project in the Philippines (1 billion lbs of copper and 2 million oz of gold). However, the Philippines government revoked their license because they claimed it was on a watershed. Their stock price has crashed...  more
11/04/2019
General  
October 2019 Newsletter Posted
The October 2019 newsletter has just been posted  more
11/03/2019
Analysis  
Updated: Roxgold Inc
Roxgold Inc. is a new mid-tier producer in Burkina Faso. Yaramoko is a million oz deposit with an avg grade around 10 to 12 gpt. Production will reach 150,000 oz in 2020 with cash costs at $500 per oz. It has a 10-year mine life, but has already been...  more
11/03/2019
Analysis  
Updated: Tinka Resources Ltd.
Tinka Resources is a project generator with two significant projects in Peru. Their Ayawilca zinc/tin/silver project (35,000 acres) already has 2.5 billion lbs of zinc (7 billion lbs of zinc equivalent). They released a PEA in 2019, with a 20-year mine...  more
11/03/2019
Analysis  
Updated: Xtract Resources Plc
Xtract Resources has a million oz gold project (Manica) under development in Mozambique. They get 23% of net profit. It is both open pit and underground. They have a starter pit (Fair Bride at 1 gpt) and three other discoveries on the property. They...  more
11/03/2019
Analysis  
Updated: Panterra Gold Ltd
Panterra Gold is a small producer in the Dominican Republic. Their Las Lagunas tailings project has about 1 year left at 45,000 oz per year. All-in costs are around $1200 per oz, so not a lot of cash flow. They have $8 million in cash and $5 million in...  more
11/03/2019
Analysis  
Updated: Boundary Gold and Copper Mining
Boundary Gold and Copper Mining (formerly Prize Mining) is trying to advance an open pit project in Canada (British Columbia). Their Kena and Daylight project is almost 2 million oz at .5 gpt (500,00 oz M&I). Their stated goal is to advance to production...  more
11/02/2019
Analysis  
Updated: Aton Resources Inc
Aton Resources (formerly Alexander Nubia International) has several early exploration projects in Egypt. They are a Canadian company with 175,000 acres of claims (24-mile trend with 14 target areas). They have a drill plan to do extensive drilling on two...  more
11/02/2019
Analysis  
Updated: Nicola Mining Inc
Nicola Mining (formerly Huldra Silver) was a small producer in Canada. They have a high-grade (10 opt) deposit (Treasure Mountain). They started producing at 600,000 oz and could have been able to ramp up to 1 million oz with exploration success. But it...  more
11/02/2019
Analysis  
Updated: Santa Fe Gold Corp.
Santa Fe Gold was a small producer in New Mexico (Summit mine), but they had to stop production due to low gold prices. Their website is lacking information without a company presentation and they declared bankruptcy in 2016 and lost all of their assets....  more
11/02/2019
Analysis  
Updated: Rockcliff Metals Corp
Rockcliff Metals (previously Rockcliff Copper and Solvista Gold) is really a copper miner. They are currently advancing 3 projects production in Manitoba, Canada. They plan to release a feasibility study in 2020 and make a construction decision at that...  more
11/02/2019
Analysis  
Updated: Dolly Varden Silver Corp
Dolly Varden Silver is project generator in Canada. They have one exploration project. Their 22,000 acre Dolly Varden property in northern British Columbia has 4 past producing mines. These mines produced 20 million oz at 10 to 30 opt in the 1920s and...  more
11/01/2019
Analysis  
Updated: DELETE - WildSky Resources
Wildsky Resources has a FD market of only $1 million. They optioned their 150,000 acre property (Cassiar) to Margaux Resources. The project has a 1 million oz (1 gpt), with a surface mine called Taurus. The property also has six past producing high grade...  more
11/01/2019
Analysis  
Updated: Transatlantic Mining
Transatlantic Mining (formerly Archean Star Resources) has three small past producing mines in Virginia, Montana and Idaho. Their US Grant project in Montana requires $2 million option payments the next three years for 100% ownership. If they miss a...  more
11/01/2019
Analysis  
Updated: Satori Resources Inc
Satori Resources has a small high grade gold project (Tartan) in Canada. It is a 300,000 oz resource on a past producing mine, with a functioning mill. They do not give guidance on how much money is required to resume production because they are...  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.     ×
Register for a FREE account
  • Get Don's "Guide to valuing mining stocks", which features as a chapter in his book.
  • Set up stock alerts
  • Join our mailing list (Don's thoughts)*
  • Try out searching, portfolios and other paid features.
* Average email frequency will be no more than 2-3 times per week
Processing

Thank you for registering!

We have sent you an email to verify your address. Please click the link or paste it into your web browser to confirm your subscription and receive your free chapter.