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News from March 2021

03/30/2021
Analysis  
Updated: Coziron Resources
Coziron Resources is a project generator focused in Western Australia. They were focused on iron ore projects (Yarraloola, Shepherds Well, and Buddado), but they happen to own large land holdings in the Pilbara (350,000 acres). This should get them to...  more
03/30/2021
Analysis  
Updated: Kin Mining
Kin Mining is was developing a gold project (Cardinia) in Western Australia. It is a 1.1 million oz (1.4 gpt) resource (four deposits) with a pre-feasibility study. Construction was started once before and then they halted work because they were over...  more
03/30/2021
Analysis  
Updated: Essential Metals Ltd
Essential Metals (formerly Pioneer Resources) is a project generator focused in Australia. They are primarily a base metals explorer. They have an advanced Casesium project (Sinclair), plus a couple of lithium projects (Pioneer Dome and Mavis Lake). And...  more
03/29/2021
Analysis  
Updated: Calidus Resources
Calidus Resources is developing a gold project in the Pilbara in Western Australia. Their Warrawoona project has 1.7 million oz at 1.8 gpt (Klondyke property) and is likely to grow in size. Calidus is giving guidance for production in 2022. It was...  more
03/29/2021
Analysis  
Updated: Essential Metals Ltd
Essential Metals (formerly Pioneer Resources) is a project generator focused in Australia. They are primarily a base metals explorer. They have an advanced Casesium project (Sinclair), plus a couple of lithium projects (Pioneer Dome and Mavis Lake). And...  more
03/28/2021
Analysis  
Updated: Predictive Discovery Ltd
Predictive Discovery is an Australian project explorer focused in West Africa. They have more than 2 million acres in Burkina Faso, Guinea and Cote d'Ivoire. Not only do they have huge land holdings, but they have been aggressively adding more. They have...  more
03/28/2021
Analysis  
Updated: Cabral Gold
Cabral Gold is a project generator with a project in Brazil. Cuiu Cuiu is a 1 million oz (1.2 gpt) resource that is growing in size. It's still early exploration without a PEA. They plan to drill in 2021. The management team owns 15% and sold their last...  more
03/28/2021
Analysis  
Updated: Provenance Gold Corp
Provenance Gold is a project generator with two early exploration projects. They optioned 49% of their Silver Bow project (Nevada) in a JV deal. It was acquired in 2018 and it has some high-grade silver samples, exploration is expected to begin soon.......  more
03/27/2021
Analysis  
Updated: Kalamazoo Resources
Kalamazoo Resources is a project generator in Australia. They have 125,000 acres in Victoria, with one property next to Kirkland Lake's Fosterville mine. Investors think they might have found a high-grade mine and shares are up quite a bit since they...  more
03/27/2021
Analysis  
Updated: Avidian Gold Corp
Avidian Gold is a project generator focused in Alaska and Nevada. They appear to be a new company. They have 4 early exploration projects that all appear to be potential mines. Golden Zone (25,000 acres) is the most advanced with 300,000 oz at 1.5 gpt....  more
03/26/2021
Analysis  
Updated: Benton Resources Inc
Benton Resources is a project generator. They sold their advanced gold project (Cape Ray) in Newfoundland in Canada for $4 million and optioned their Panama Lake project. They are currently exploring their Bedivere project, the project was drilled...  more
03/26/2021
Analysis  
Updated: Nexus Gold Corp
Nexus Gold is gold exploration company focused in West Africa (Burkina Faso) and Canada. All of their properties are early exploration. Bouboulou (9,400 acres) is a gold discovery with drill holes of 40 meters at 1.5 gpt and 35 meters at 2.2 gpt....  more
03/26/2021
Analysis  
Updated: Musgrave Minerals
Musgrave Minerals is a project generator focused in Western Australia. They have a gold project (Cue) with 440,000 oz (2.8 gpt) and it looks like a mine. Their JV partner (Evolution Mining) is spending $18 million on exploration and development to...  more
03/26/2021
Analysis  
Updated: Kingwest Resources Ltd
Kingwest Resources wants to be a gold producer in Australia. They recently acquired two early exploration projects (Menzies and Goongarrie) in Western Australia. Their focus is on Menzies where they drilled and issued an updated JORC resource estimate of...  more
03/25/2021
Analysis  
Updated: Harte Gold Corp
Harte Gold is building a high-grade mine in Ontario, Canada. Their Sugar Zone property (200,000 acres) is a 1.5 million oz (6 gpt) resource that could double in size. They already have seven more zones to explore, plus a 15-mile trend. They began mining...  more
03/25/2021
Analysis  
Updated: Alicanto Minerals Ltd
Alicanto Minerals is a project generator based in Australia. They have a JV project (Arakaka) with Barrick Gold in Guyana. Barrick has an option to obtain 65% if they spend $10 million over the next four years. This could potentially become a mine. It's...  more
03/24/2021
Analysis  
Updated: Kairos Minerals
Kairos Minerals is a project generator focused in Western Australia. They have two early exploration gold projects that are interesting. Mt York is in the Pilbara region and has 850,000 oz (1.5 gpt). They may have some of the conglomerate that everyone...  more
03/24/2021
Analysis  
Updated: Vangold Mining Corp.
Vangold Mining is a near-term silver producer in Mexico. They recently acquired the El Cubo mine from Endeavour Silver. It is a small high-grade underground mine. It is located near their El Pinguico mine, so they plan to use the mill for both mines.......  more
03/22/2021
Analysis  
Updated: Trillium Gold Mines
Trillium Gold Mines (formerly Confederated Minerals) is trying to advance a high-grade project (Newman Todd) in Red Lake, Ontario. They released a PEA in 2014, but haven't done much since except drill. They will need to do a lot more drilling to expand...  more
03/22/2021
Analysis  
Updated: Sable Resources
Sable Resources is a project generator. They have several properties in Mexico (Vinata, Escarpe), and Argentina (Don Julio, El Fierro, Los Pumas). Currently, they don't have a discovery, but they seem to be making progress. Investors are excited with...  more
03/21/2021
Analysis  
Updated: Golden Valley Mines
Golden Valley Mines is a project generator with 6 early exploration properties in Canada (Ontario). But that only tells part of the story. Here are their other assets: 45% ownership of Abitibi Royalties worth $50 million (3% NSR on Malartic CHL) 40%  more
03/21/2021
Analysis  
Updated: Sonoro Gold Corp.
Sonoro Metals is a project generator focusing on gold. Their management team is from Pediment Gold, which sold their company to Argonaut Gold several years ago. They have 2 properties in Mexico that are both early exploration. Their current focus is...  more
03/21/2021
Analysis  
Updated: Titan Minerals Ltd
Titan Minerals has a large gold project in Ecuador (Dynasty). It's a high-grade 2.1 million oz (4 gpt), plus 17 million oz of silver (36 gpt) open pit project. It has a 2000 tpd mill, so the capex should be low. Progress has been slow, with a PEA not...  more
03/20/2021
Analysis  
Updated: Puma Exploration Inc
Puma Exploration is a project generator focused in Canada. They have six projects in New Brunswick andd Manitoba. All of them have potential. Some of their copper/zinc drill results have been impressive. The Turgeon property (12,000 acres) is a potential...  more
03/20/2021
Analysis  
Updated: Serabi Gold
Serabi Gold is a small gold producer in Brazil. They will produce 40,000 oz in 2021 from their Palito and Sao Chico deposits using a single mill. They have about 500,000 oz (7 gpt) between both deposits. In 2017, they acquired the Coringa gold...  more
03/20/2021
Analysis  
Updated: Trans-Siberian Gold Plc
Trans-Siberian Gold is a small producer in Russia. They have one producing mine (Asacha). It is only an 800,000 (7 gpt) resource, but is profitable (around $900 per oz cash costs). They have low debt ($19 million), but also low cash at $12 million. Their...  more
03/20/2021
Analysis  
Updated: Goldcliff Resource Corp.
Goldcliff Resource Corp. is a project generator with 5 projects (3 in Canada and 2 in the US). The Rand property in Nevada was drilled in 2020 but they received disappointing results which caused their stock to collapse by almost 50%. Currently they are...  more
03/20/2021
Analysis  
Updated: Hemlo Explorers Inc
Hemlo Explorers (previously Canadian Orebodies) is a project generator focused in Canada (Ontario). They have five early exploration projects in Ontario, Canada on 70,000 acres. It's a new company, and they made their first discovery (Black Raven) in...  more
03/19/2021
Analysis  
Updated: California Gold Mining Inc
California Gold Mining is a project generator. They have two properties that both are potential mines. The Fremont Project in California is close to being advanced, with an 880,000 oz (1.6 gpt) surface deposit, plus significant underground exploration...  more
03/19/2021
Analysis  
Updated: Desert Gold Ventures Inc
Desert Gold Ventures is a project generator focused in West Africa (Mali). They have several contiguous properties totaling 100,000 acres. It is early exploration, but they are targeting 1 to 6 million oz. They recently raised $3 million and are drilling...  more
03/19/2021
Analysis  
Updated: Nusantara Resources
Nusantara Resources is developing an open pit gold project (Awak Mas) in Indonesia. It is a 2 million oz (1.5 gpt) resource. They recently released a DFS. The capex is projected to be $146 million, with $650 per oz cash costs and 100,000 oz annual...  more
03/18/2021
Analysis  
Updated: Kefi Minerals Plc
Kefi Minerals has an exciting project in Ethiopia. The Tula Kapi open pit and underground project has 1.7 million oz and is growing in size. The PEA is economic with low cash costs around $700 per oz. The capex is high at $220 million, but it was...  more
03/18/2021
Analysis  
Updated: Rumble Resources
Rumble Resources is a project generator focused in Western Australia. They have had success before with exploration and have a good exploration team. They have a large property (250,000 acres) in the Pilbara (Braeside). If the Pilbara takes off, so could...  more
03/16/2021
Analysis  
Updated: Filo Mining Corp
Filo Mining was a spinout project from NGex Resources in 2016. It is a large copper/gold/silver project in Argentina, with 3.3 billion lbs of copper, 6 million oz of gold (70% recovery), and 180 million oz of silver (80% recovery). They released a PFS in...  more
03/15/2021
Analysis  
Updated: Xtra-Gold Resources Corp
Xtra Gold Resources is a project generator with one property in Ghana (West Africa). The Kibi project has significant potential. It is on 55,000 acres and has 4 deposits that they are drilling. Zone 2 had a 43-101 resource estimate in 2012 of 400,000 oz...  more
03/15/2021
Analysis  
Updated: GPM Metals Inc
GPM Metals has 70% in an early exploration silver project. The Walker Goosan project (425,000 acres) in Australia is in an area known for silver discoveries and could have potential. They also had a project in Peru (Pasco project, 12,000 acres) which...  more
03/15/2021
Analysis  
Updated: Endurance Gold Corp.
Endurance Gold is a project generator focused in North America (USA, Canada). They have three early exploration projects in Alaska. Elephant Mountain (5 targets), Trout-Wolverine (3 targets), and McCord all have substantial potential. They are currently...  more
03/14/2021
Analysis  
Updated: Anglo Australian Resources NL
Anglo Australian Resources is a project generator focused in Western Australia. They have 3 early exploration gold projects. Feysville (12,000) acres is a gold discovery, but still early exploration. It is in an excellent location for finding gold mines....  more
03/14/2021
Analysis  
Added: Manhattan Corporation Ltd
Manhattan Corporation Ltd is a project generator focused in Australia. They have one large property (Tibooburra) that is 500,000 acres. They are drilling two discoveries. New Bendigo (30 meters at 4 gpt) and Western Lode (7 meters at 18 gpt). They don't...  more
03/13/2021
Analysis  
Updated: Pelangio Exploration Inc.
Pelangio Exploration is a project generator focused in West Africa and Canada. They have four large exploration properties in Ghana (60,000 Ha). It looks like they have found a potential million oz mine (Manfo), but currently they are looking to explore...  more
03/13/2021
Analysis  
Updated: Fremont Gold
Fremont Gold is a project generator focused in Nevada. They have 5 early exploration projects. They have a potential discovery at their Gold Canyon and Griffon projects, which they are drilling. Several of their properties are near large mines, which...  more
03/13/2021
Analysis  
Updated: Deer Horn Capital Inc
Deer Horn Capital is advancing a small gold/silver/tellurium project in British Columbia. It's very economic, with an after-tax IRR of 40%. Plus, the capex is only $28 million. They have a tiny FD market cap of $5 million. However, they will likely...  more
03/13/2021
Analysis  
Added: Leviathan Gold Ltd
Leviathan Gold is a new company formed in 2020. They are a project generator focused in Australia. They have two projects in Victoria, where the high-grade Fosterville mine exists. They are drilling for high-grade gold below two high-grade surface mines....  more
03/13/2021
Analysis  
Added: Meridian Mining
Meridian Mining is advancing a copper/gold project in Brazil. It's currently a small mine with only 21 million tons. However, it appears to be growing in size. The FD market cap is $49 million and I would expect that to increase. However, this is really...  more
03/13/2021
Analysis  
Added: Dakota Territory Resource Corp
Dakota Territory Resource Corp is a project generator focused in South Dakota. They have 7 properties covering 14,000 acres near the Homestake Mine which produced 40 million oz at 10 gpt. They have a terrible website and I cannot get an understanding of...  more
03/12/2021
Analysis  
Added: Vango Mining Ltd
Vango Mining is a project generator focused in Australia. They are drilling a discovery (Marymia - Trident) that is already 1 million oz, plus 20,000 meters drilled in 2020. This is likely a mine. The only question is how big and how do they monetize it....  more
03/11/2021
Analysis  
Added: Montero Mining
Montero Mining is a project generator focused in Chile. They have an early exploration project (Isabella) and just completed phase 1 drilling. Surface samples have been good and they have many targets to drill. They plan to drill in 2021 and 2022. If...  more
03/11/2021
Analysis  
Added: Cerrado Gold Inc
Cerrado Gold is a new company that is attempting to become a mid-tier producer. They have acquired a producing mine in Argentina (Don Nicholas). It produces 50,000 oz a year at around 5 gpt and they think they can increase it to around 70,0000 oz...  more
03/11/2021
Analysis  
Added: Norseman Silver Inc
Norseman Silver is a project generator focused in Canada. They have three early exploration projects in British Columbia. None of their projects have had much drilling. I'm surprised that their FD market cap is $27 million without any drill results....  more
03/10/2021
Analysis  
Added: Golden Lake Exploration Inc
Golden Lake Exploration is a project generator focused in Nevada. They have a recent gold discovery (Jewel Ridge) on 1800 acres in Nevada. They released an excellent discovery hole (3 meters at 57 gpt and 450 gpt silver). If they can hit a few follow-up...  more
03/09/2021
Analysis  
Updated: Aura Minerals Inc.
Aura Minerals is a mid-tier producer in Honduras, Brazil, Mexico, and the US. They will produce about 270,000 oz in 2021 with all-in costs (break-even) around $1250 per oz. They have $117 million in cash and only $70 million in debt. Plus, they plan to...  more
03/09/2021
Analysis  
Updated: Josemaria Resources Inc.
Josemaria Resources (spin-out from NGEx Resources) has a large copper/gold/silver project in Argentina. They have an FD market cap of $173 million, which is cheap based on their potential. The key is going to be financing and copper demand. If they do...  more
03/08/2021
Analysis  
Updated: Taiga Gold Corp.
Taiga Gold is a new company that was a spin-out from Eagle Plains after they sold a project to SSR Mining. They have 5 early exploration properties that are all near each other in Saskatchewan, Canada. Combined, they have about 150,000 acres. Fisher is...  more
03/08/2021
Analysis  
Added: Mithril Resources Ltd.
Mithril Resources is a project generator based in Australia but focused in Mexico. They have four project (Reyes, Cometa, Constancia, and Apolonia) on 17,000 acres. They did their maiden drilling of 7,000 meters in 2020. They had pretty good results and...  more
03/07/2021
Analysis  
Updated: QuestEx Gold & Copper Ltd.
QuestEx Gold & Copper (formerly Colorado Resources) is a relatively new project generator with a lot of targets. They have seven properties (300,000 acres) in British Columbia, including the Golden Triangle. Their North Rok project is low grade (.25 gpt)...  more
03/07/2021
Analysis  
Updated: Aurania Resources Ltd
Aurania Resources is a new company with an early exploration project in Ecuador called the Lost Cities / Cutucu project. It is a large property with 500,000 acres. In 2017 and 2018 they collected soil samples and looked for drilling targets. They began...  more
03/06/2021
Analysis  
Updated: Inca One Gold Corp
Inca One Gold is a toll miner in Peru. They process gold ore from other companies for a profit. They have two mills with a capacity of 450 tpd. They processed 25,000 oz in 2019. They focus on revenue in their company presentation and not income. Revenue...  more
03/06/2021
Analysis  
Updated: Pacton Gold Inc
Pacton Gold is a project generator focused in Australia and Canada. They recently acquired 9 properties (120,000 acres) in the Pilbara in Western Australia. One of these properties appears to be on trend with a DeGrey discovery. With all of the...  more
03/06/2021
Analysis  
Updated: Blue Thunder Mining Inc.
Blue Thunder Mining is a new project generator focused in Canada. All of their properties are early exploration. They have done a good job of acquiring 5 properties in Quebec (125,000 acres). Some of them have historical drilling (Muus and Fancamp) and...  more
03/05/2021
Analysis  
Updated: Belo Sun Mining Corp
Belo Sun Mining is developing a large open pit project in Brazil called Volta Grande (330,000 acres). It is a 6 million oz open pit project (1 gpt). The feasibility study was released in March 2015. The capex is $300 million capex to produce 200,000 oz...  more
03/05/2021
Analysis  
Updated: Equinox Gold Corp.
Equinox Gold was formed in 2017 from a merger between Trek Mining, NewCastle Gold, and Anfield Gold. Then in 2020, they merged with Leagold Mining, a 400,000 oz producer with 20 million oz of gold. And in 2021, they acquired Premier Gold, which will add...  more
03/05/2021
Analysis  
Updated: Equinox Gold Corp.
Equinox Gold was formed in 2017 from a merger between Trek Mining, NewCastle Gold, and Anfield Gold. Then in 2020, they merged with Leagold Mining, a 400,000 oz producer with 20 million oz of gold. And in 2021, they acquired Premier Gold, which will add...  more
03/04/2021
Analysis  
Updated: Paramount Gold Nevada Corp
Paramount Gold Nevada is developing two gold projects with 5.5 million oz (plus a significant amount of silver). It was a spinout of Paramount Gold & Silver in 2015, which sold their San Miguel project. That left them with the Sleeper project in Nevada....  more
03/04/2021
Analysis  
Updated: Paramount Gold Nevada Corp
Paramount Gold Nevada is developing two gold projects with 5 million oz. It was a spinout of Paramount Gold & Silver in 2015, which sold their San Miguel project. That left them with the Sleeper project in Nevada. Sleeper is very large with about 4...  more
03/04/2021
Analysis  
Updated: Pretium Resources Inc
Pretium Resources is a large mid-tier producer. They have 10 million oz (8 gpt) and are producing 350,000 oz annually. As long as they can maintain 8 gpt grade, this stock should do well. They are pricey with an FD market cap of $2 billion. Unless they...  more
03/03/2021
Analysis  
Updated: 1911 Gold Corp
1911 Gold is a new company that was able to consolidate the Rice Lake properties (125,000 acres). It includes the True North mine (1 million oz at 5.8 gpt) and 1200 tpd permitted mill. This was owned by San Gold, which was valued at over $1 billion in...  more
03/03/2021
Interview  
Don Interview: Pacific Palisades Radio.
https://youtu.be/5jRrEIFTuJA  more
03/02/2021
Analysis  
Updated: Avino Silver & Gold Mines Ltd
Avino Silver & Gold is an emerging mid-tier silver producer in Mexico. They will produce about 2.5 million oz of silver equivalent in 2021 with all-in costs around $19 per oz (free cash flow). They think they can increase production to 4 million oz (silve  more
03/02/2021
Analysis  
Updated: Falco Resources Ltd
Falco Resources has a large gold project in Quebec on 175,000 acres. The Horne mine is a 5 million oz deposit at 1.4 gpt, with significant amounts of copper (260 million lbs) and zinc (1.2 billion lbs) for offsets. Revenue is projected at about 70% gold,...  more
03/01/2021
Analysis  
Updated: Silver One Resources Inc
Silver One Resources is a new company formed in 2016. In 2017, they acquired the Candalaria project in Nevada from Silver Standard for $4 million in shares, plus a 3% NSR. This project has a historical resource of 40 million oz in M&I at 3.5 opt and 90...  more
03/01/2021
Analysis  
Updated: Renforth Resources Inc
Renforth Resources is a project generator focused in Canada. They have 5 properties in Quebec and 2 JVs. Their Parbec property (500 acres) has a 250,000 oz (1.8 gpt) resource that looks like a mine. If it was a larger property with more exploration...  more
03/01/2021
General  
February 2021 Newsletter Posted
February 2021 Newsletter Posted.  more


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