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News from August 2020

08/14/2020
Analysis  
Updated: Sandstorm Gold Ltd
Sandstorm Gold is a high-quality gold royalty company. They are focusing on gold and currently have 23 producing assets (under contract). They have strong free cash flow (about $50 million in 2020) from these properties and are growing rapidly at about...  more
08/12/2020
Analysis  
Updated: Sirios Resources Inc
Sirios Resources is a project generator with a focus on Quebec, Canada. They have a large open-pit with their Cheechoo project (1.6 million oz at .7 gpt). They plan to release a PEA in 2021. There are also giving guidance to produce a pre-feasibility...  more
08/12/2020
Analysis  
Updated: Entree Resources Ltd
Entree Gold is a project generator with a large copper/gold project. The Oyu Tolgoi project in Mongolia is one of the largest in the world, with 22 billion lbs of copper and 24 million oz of gold (.4 gpt) and 45 million oz of silver (2 gpt). It has an...  more
08/12/2020
Analysis  
Updated: Scottie Resources
Scottie Resources (previously Rotation Minerals) is a project generator focusing on gold exploration in the Golden Triangle in British Columbia. They have 7 properties (Scottie, Black Hills, Summit Lake, Ruby, Bitter Creek, Bow, Stock). Scottie is a past...  more
08/11/2020
Analysis  
Updated: Amarc Resources Ltd.
Amarc Resources appears to be a project generator (but they claim to be an exploration and development company). They have one gold project in British Columbia. Newton is a 1.5 million oz deposit with potential. However, it is low grade (.4 gpt) and...  more
08/11/2020
Analysis  
Updated: Southern Arc Minerals Inc
Southern Arc Minerals is a project generator based in Canada. They have had several successful discoveries, but never seem to be able to monetize them into shareholder value. It has been a nightmare for shareholders, with the stock price falling from $20...  more
08/11/2020
Analysis  
Updated: Teranga Gold Corp
Teranga Gold is a mid-tier producer in West Africa. Their Sabodala-Wassama project in Senegal is a large (9 million oz) open pit project. Cash costs are projected to be around $700 per oz in 2020, with all-in costs around $1100 per oz. Wahgnion is a 2.4...  more
08/10/2020
Analysis  
Updated: Soma Gold Corp.
Soma Gold (formerly Para Resources) is new gold producer in Colombia. They have two producing mills/mines. El Limon (55,000 aces) is about a 400,000 oz (5 gpt) deposit with a 250 tpd mill. Operadora (16,000 acres) is about a 150,000 oz (5 gpt) deposit...  more
08/10/2020
Analysis  
Updated: Inca Minerals Ltd
Inca Minerals has a high-grade zinc/silver discovery (Riqueza) in Peru. They have identified 20 veins at surface. The average sample has returned 7% zinc and 200 gpt silver. They recently formed a JV with South32, who has an option for 60%. This creates...  more
08/10/2020
General  
New SeekingAlpha Article:Silver Miners Shine
https://seekingalpha.com/article/4367147-silver-miners-shine  more
08/09/2020
Analysis  
Updated: Angkor Resources
Angkor Resources is a project generator in Cambodia. They have 5 large properties on 250,000 acres, but all are early exploration without a significant discovery. They have 3 JV deals where their partners are drilling. They are low on cash, so expect...  more
08/09/2020
Analysis  
Updated: Altiplano Metals
Altiplano Minerals is advancing two copper/gold projects in Chile. Both projects are currently small, but have exploration potential to expand in size. Farallon is a past producing underground mine with a 300,000 ton deposit (.4 gpt gold and 2% copper)....  more
08/09/2020
Analysis  
Updated: Spearmint Resources Inc
Spearmint Resources has 5 early exploration gold projects in Canada. Several of them are in the golden triangle (including Hammernose) and in Quebec (Perron - East). It does not appear that they have done much drilling and are low on cash. They seem to...  more
08/08/2020
Analysis  
Updated: Nxgold Ltd
NxGold Ltd (formerly Lancaster Capital) is a new company formed in 2016. They have two early exploration gold projects. Their 10,000 acre Kuulu property in Nunavut has a $35 million option to obtain 70%. They must make steady large payments, which seems...  more
08/07/2020
Analysis  
Updated: East Africa Metals Inc
East Africa Metals is a project generator. They arose from a spin-out from Canaco Resources in 2012. They have three large resources in Tanzania and Ethiopia. The Magambazi project (25,000 acres) in Tanzania. It is a 1 million oz surface deposit (1.4...  more
08/07/2020
Analysis  
Updated: Abacus Mining & Exploration Corp
Abacus Mining and Exploration has a 20% interest in a large copper/gold project in Canada (British Columbia). The Ajax project has 2.7 billion lbs of copper and 2.6 million oz of gold reserves. They plan to produce 58,000 tons of copper and 125,000 oz of...  more
08/07/2020
Analysis  
Added: Alliance Resources Ltd.
Alliance Resources is developing a small high-grade gold mine (Wilcherry) in Australia. It's only 180,000 oz (5 gpt), but the capex is only $33 million. The key for them will be acquiring financing and then using the cash flow for finding more gold on...  more
08/06/2020
Analysis  
Added: Hammer Metals Ltd
Hammer Metals is a project generator focused in Australia. They have to large properties that are being drilled. Bronzewing South (50,000 acres) is in Western Australia, and they are drilling a discovery. Mt Isa (500,000 acres) is a 40% JV and their...  more
08/05/2020
Analysis  
Updated: Treasury Metals Inc
Treasury Metals has an advanced gold project (Goliath) in Ontario, Canada. It is an open pit (800,000 oz at 2.5 gpt) and underground (700,000 oz) mine. The PEA was updated in 2017 for a capex of $100 million to build the open pit and mill. It will...  more
08/05/2020
Analysis  
Added: Grande Portage Resources Ltd.
Grande Portage Resources has a high-grade gold discovery (Herbert) in Alaska. It's an 850,000 resource (10 gpt) and is growing in size. If they can double the size of the resource, they could do well. However, it's already a bit pricey ($39 million FD...  more
08/04/2020
Analysis  
Added: Brigadier Gold Ltd
Brigadier Gold is a project generator focused in Mexico. They have a large (10,000 acre) silver property (Picachos) in a good location. It is situated between Vizsla and GR Silver properties that both have significant discoveries. For this reason,...  more
08/04/2020
Analysis  
Added: Freeman Gold Corp.
Freeman Gold is advancing an open-pit gold project (Lemhi) in Idaho (7500 acres). It has 350 historic holes, but the grade and size is unknown. They plan to release a maiden resource in 2020. They recently tried to raise $4 million, but there was enough...  more
08/03/2020
Analysis  
Added: Apollo Gold Corp
Apollo Gold is a new project generator focused in Chile and Mexico. They recently obtained a property in Chile (Apollo - Sancarron) that has not been drilled. They plan to do initial drilling in 2021. So, this is a very high-risk spec stock. They do have...  more
08/03/2020
Analysis  
Added: Monarca Minerals Inc.
Monarca Minerals (formerly Oremex Silver) is a project generator focused in Mexico. They have 3 early exploration projects. One of them (Tejamen) has a low-grade resource of 28 million oz (45 gpt). They plan to drill San Jose (12,500 acres) this year....  more
08/02/2020
Analysis  
Updated: Bullfrog Gold Corp
Bullfrog Gold has a small open pit project in Nevada (Bullfrog). It is a 700,000 deposit at 1 gpt. It is on a property where Barrick Gold mined 2.3 million oz from 1989 to 1999. I would expect it to have a low capex and be easy to permit. They plan to...  more
08/02/2020
Analysis  
Updated: Callinex Mines Inc
Callinex Mines is a project generator focused in Canada. They are really a zinc exploration company with 4 zinc projects totalling 2.6 billion lbs of zinc eq. They might even be a development company, with guidance of production at their Nash Creek (New...  more
08/02/2020
Analysis  
Added: Black Cat Syndicate Ltd
Black Cat Syndicate is a gold mining company in Australia. They seem to be going in a good direction. In 2020, they acquired several properties and now have potential to grow into a mid-tier producer. Their resources are currently low at 700,000 oz, but...  more
08/01/2020
General  
July 2020 Newsletter Posted
July 2020 Newsletter Posted.  more


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