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News from June 2021

06/30/2021
Analysis  
Updated: Silver X Mining
Silver X previously Oro X Mining) recently acquired a silver producing mine (Nueva Recuperada) in Peru. It has 60 million oz of AGEQ and they are producing about 1.5 million oz of AGEQ. They are giving guidance to increase production to 2.5 million oz...  more
06/30/2021
Analysis  
Updated: Silver X Mining
Silver X (previously Oro X Mining) recently acquired a silver producing mine (Nueva Recuperada) in Peru. It has 60 million oz of AGEQ and they are producing about 1.5 million oz of AGEQ. They are giving guidance to increase production to 2.3 million oz...  more
06/29/2021
Analysis  
Updated: Regulus Resources Inc
Regulus Resources has a large copper/gold/silver project in Peru. They acquired Southern Legacy Minerals in 2014, which had a 5 billion lb copper project (Antakori) in Peru, with 4.5 million oz of gold (.35 gpt) and 125 million oz of silver. Since then...  more
06/29/2021
Analysis  
Updated: Klondike Gold Corp.
Klondike Gold has three properties in the Yukon totaling 135,000 acres. There is gold on these properties and if gold prices explode in value, this company should do well. They drilled about 50 holes in 2016, 2017, 2018, 2019, and 2020 with plans to...  more
06/28/2021
Analysis  
Updated: Eagle Plains Resources Ltd.
Eagle Plains Resources is a project generator in Western Canada that has been around since 1992. They have amassed 35 projects (about half are gold or silver) and have several JV deals. They would have more but utilize a spin-out strategy once a project...  more
06/28/2021
Analysis  
Updated: Probe Metals Inc
Probe Metals (recent merger with Adventure Gold) has a 4 million oz deposit in Ontario (Val d'Or East). It is half open pit and half underground. This is their flagship, but they are taking their time developing it. I don’t know their intentions. They...  more
06/28/2021
Analysis  
Updated: Antipa Minerals Ltd
Antipa Minerals is a project generator in Australia. They have three large (1 million acres) properties. The most advanced is Citadel, which a 25% JV with Rio Tinto. It has 2 million oz (.8 gpt) of gold and 300 million lbs of copper. It is next to a...  more
06/27/2021
Analysis  
Updated: Pantoro Ltd
Pantoro Ltd is a high-grade gold producer in Australia. Currently, they are producing around 35,000 oz (Nicolsons). They recently acquired 50% of the Central Norseman project, which has a 2 million oz underground and 2 million oz open pit project. Both...  more
06/26/2021
Analysis  
Updated: Trailbreaker Resources
Trailbreaker Resources (formerly Goldstrike Resources) is a project generator in western Canada. They are currently focusing on their Atsutla project (14,000 Ha), which is comprised of two properties (Willie Jack and Swan). They are looking to follow up...  more
06/26/2021
Analysis  
Updated: Solgold Plc
Solgold has a very large copper/gold project (Cascabel-Alpala) in Ecuador. It has 23 million oz (.35 gpt) of gold and 10 billion lbs of copper. It has a 55-year mine life. They will mine 350,000 oz (their share) of gold annually at very low cash costs...  more
06/26/2021
Analysis  
Updated: Metallis Resources Inc
Metallis Resources is a project generator with a large property (Kirkham) in the Golden Triangle in British Columbia. Kirkham (25,000 acres) has had very little drilling, but has significant potential. They have identified 8 drill areas. The Cliff...  more
06/26/2021
Analysis  
Updated: Oklo Resources Ltd
Oklo Resources is developing an open-pit project in Mali. Dandoko is a 700,000 oz (1.8 gpt) resource that is advancing to production. They will begin an environmental study this year, but have not given guidance for a PEA. It appears to be at least a 1...  more
06/26/2021
Analysis  
Updated: Southern Gold Ltd.
Southern Gold Ltd is a project generator focused in South Korea. They have 12 properties on 30,000 acres. They started drilling in the Nettle zone of their Deokon project and results are expected in the coming weeks. They also wait for soil sampling...  more
06/25/2021
Analysis  
Updated: Sarama Resources Ltd
Sarama Resources is a project generator in West Africa (Burkina Faso). They have one flagship project: South Hounde - Sanutura. It is a 2 million oz deposit at 1.5 gpt. It will get built, but there is no PEA yet, so it will take about 4-5 years until...  more
06/24/2021
Analysis  
Updated: US Gold Corp
US Gold Corp is developing a small gold/copper project in Wyoming (CK Project). It has 1.2 million oz of gold (.4 gpt) and 400 million lbs of copper. They plan to mine 40,000 oz of gold and 20 million lbs of copper for 17 years. The probably will...  more
06/23/2021
Analysis  
Updated: Mineral Mountain Resources Ltd
Mineral Mountain Resources is a new company with a gold project in South Dakota. They have a good management and technical team, led by Nelson Baker, the ex CEO of Rainy River. They are currently drilling their Rochford project (7,500 acres). It is 15...  more
06/23/2021
Analysis  
Updated: Awale Resources
Awale Resources is a new company formed in 2016. They are a project generator exploring for gold in West Africa (Cote D'Ivorie). They have 3 properties on 425,000 acres and they have application to expand that to about 1 million acres. Their current...  more
06/22/2021
Analysis  
Updated: Condor Resources Inc.
Condor Resources is a project generator focused in Chile and Peru. They have 7 properties and 2 JVs, all of which are early-stage exploration. Currently, they are drilling two projects, which they hope to JV. They have an FD market cap of $26 million, so...  more
06/22/2021
Analysis  
Updated: Barsele Minerals Corp
Barsele Minerals was a recent spin-out from Orex Minerals. They have a single project, which is the Barsele gold project in Sweden. It is currently a 2.5 million oz (2.7 gpt) open pit and underground project. They have a JV with Agnico Eagle, who has an...  more
06/21/2021
Analysis  
Updated: Atico Mining Corp
Atico Mining is a small copper/gold producer in Colombia (El Roble). They are profitable, with all-in costs under $100 per oz (because of 20 million lbs of copper offsets), and they have a decent balance sheet ($9 million in cash). Plus, they have a new...  more
06/20/2021
Analysis  
Updated: Goliath Resources
Goliath Resources is a project generator focused in Canada. They have two early exploration projects (Lucky strike and Golddigger). They recently announced a gold discovery at Golddigger (42,000 acres) with high-grade surface channels (15 meters at 13...  more
06/19/2021
Analysis  
Updated: Aurelius Minerals Inc
Aurelius Minerals have 4 properties in Nova Scotia that they are calling the Aureus Gold project. They include Aureus East, an underground mine with a permitted 300 tpd mill. They are targeting 500,000 oz and to restart the mine. Aurelius West is a small...  more
06/19/2021
Analysis  
Updated: Honey Badger Silver
Honey Badger Silver (Previously Honey Badger Exploration) is a project generator focused in Canada. They changed their name and started looking for more silver properties in 2021. They added 3 projects in the Yukon (Groundhog, Hy and Plata). Plata lies...  more
06/19/2021
Analysis  
Updated: Falcon Gold Corp.
Falcon Gold is a project generator focused in Canada and Argentina. They have seven projects in Canada (two are JVs in Ontario). They are all early exploration without a significant discovery. They do have two properties in Red Lake (Camping Lake and...  more
06/18/2021
Analysis  
Updated: Awale Resources
Awale Resources is a new company formed in 2016. They are a project generator exploring for gold in West Africa (Cote D'Ivorie). They have 3 properties on 425,000 acres and they have application to expand that to about 1 million acres. Their current...  more
06/18/2021
Analysis  
Updated: Fosterville South Exploration Ltd.
Fosterville South Exploration is a project generator focused in Australia. They have several properties in Victoria near Kirkland Lake's Fosterville mine. They have 1 million oz and are drilling aggressively. They are drilling Lauriston (150,000 acres)  more
06/17/2021
Analysis  
Updated: Carawine Resources Ltd
Carawine Resources is a project generator focused in Australia. They have three gold projects they are advancing. They recently acquired a large project (Tropicana) in Western Australia. They own 90% and are drilling. It has a nice discovery hole of 15...  more
06/17/2021
Analysis  
Updated: Aris Gold Corp
Aris Gold (formerly Caldas Gold) was created in 2020 from a spin-out by Gran Colombia (who owns 44%) of their Marmato mine. Ironically, Aris is currently worth more the Gran Colombia ($414 million vs $398 million). Now we know why Gran Colombia did...  more
06/16/2021
Analysis  
Updated: Impact Minerals Ltd.
Impact Minerals is a project generator focused in Australia. Their Commonwealth project (170,000 acres) is a small gold discovery (less than 100,000 oz) at 2.8 gpt, plus 48 gpt silver. They think it could be a large system and has a lot of drill target...  more
06/16/2021
Analysis  
Updated: Tesoro Resources Ltd
Tesoro Resources is a project generator focused in Chile. They have a significant gold discovery (El Zorro) that they are drilling. It is a new discovery without a maiden resource, but already has 52,000 meters and 6 drills turning. Drill results...  more
06/16/2021
General  
Don Interview: WallStreetSilver
https://youtu.be/bWtJ0nlXOiY  more
06/15/2021
Analysis  
Updated: Fresnillo Plc
Fresnillo is a major with an FD market cap of $8.9 billion and is the largest silver producer at 55 million oz per year. They plan to expand production to 65 million oz in 2022. This is a very profitable company at current gold/silver prices. They have...  more
06/15/2021
Analysis  
Updated: Defiance Silver Corp
Defiance Silver has a high-grade discovery in Mexico. In 2011, then obtained a $5.5 million option to purchase the historic San Acacio mine in the Zacatecas Silver District ($4.6 million has not yet been paid). San Acacio is an 18 million oz resource...  more
06/15/2021
Analysis  
Updated: Hycroft Mining Holding Corp
Hycroft Mining is the rebirth of Allied Nevada, which went bankrupt several years ago. They have expunged most of their debt, although they already have $145 million in debt. They have one of the largest gold/silver mines in the world. It’s about half...  more
06/14/2021
Analysis  
Updated: Endeavour Mining Corp
Endeavour Mining is a large gold producer in West Africa, with 7 operating mines in 3 countries. Their market cap has jumped to $6 billion, so they aren't cheap anymore. They are producing 1.4 million oz with all-in costs (free cash flow) around $1150...  more
06/14/2021
Interview  
Don Interview: Crush The Street
https://youtu.be/sxPYKA2MbZE  more
06/13/2021
Analysis  
Updated: Metallic Minerals Corp
Metallic Minerals (previously Monster Mining) is a new project generator in Canada (Yukon). They have a silver discovery (Keno-Lightening) that is adjacent to Alexco's large high-grade silver deposit. It's on 27,000 acres and they have identified more...  more
06/12/2021
Analysis  
Updated: Silvercorp Metals Inc
Silvercorp Metals is a Canadian based company with a large silver mine in China. They have large resources with 350 million oz at 200 gpt. Their cash costs are around $5 per oz (after using base metals for offsets). All-in costs for silver were about $12...  more
06/12/2021
Analysis  
Updated: Vista Gold Corp.
Vista Gold has a large project in Australia called Mt Todd (8 million oz at .8 gpt, with 90% recovery rate). They are currently looking for a partner to help finance the project. They might even sell for a small premium. This is a property that a major...  more
06/12/2021
Analysis  
Updated: Decade Resources Ltd
Decade Resources is a project generator focused in Canada. They have 7 properties in the golden triangle area of British Columbia. All of their properties are early exploration and they do not have a discovery. They are focused mainly on the Del Norte...  more
06/12/2021
Analysis  
Updated: Max Resource Corp
Max Resource Corp has 3 projects (two in Colombia and one in Peru). Their flgship prospect is the Cesar Copper-Silver project which they believe could become a new kupferschiefer discovery, similar to the hugh deposits in Europe. The main problem is that...  more
06/11/2021
Analysis  
Updated: Greencastle Resources Ltd
Greencastle Resources is a new project generator. They had 2 early exploration gold properties in Nevada but currently have only one, after entering a JV deal with Golden Lake on the Jewel Ridge project. Their partner hit 24m @ 9 g/t Au from surface but...  more
06/11/2021
Analysis  
Updated: Rugby Mining Ltd
Rugby Mining is a new project generator. They have 7 gold properties, mostly in South America. Their colombian assets were purchased from Barrick Gold, including a database of Barrick's previous exploration work. Their current focus is El Zanjon in...  more
06/11/2021
Analysis  
Updated: Matador Mining Ltd
Matador Mining is building a gold mine in Canada (Newfoundland). Their Cape Ray project is solid. They plan to begin mining 80,000 annually with cash costs of only $700 per oz. It’s a high-grade open pit at 2 gpt. That’s an excellent grade. Plus,...  more
06/11/2021
Analysis  
Updated: Reyna Silver Mining Inc.
Reyna Silver is a new project generator focused in Mexico. This is an interesting company with a lot of excitement. They have two properties that could have a large high-grade mine. The first one is GuiGui, which is next to several large mines that...  more
06/11/2021
Analysis  
Added: Snowline Gold Corp
Snowline Gold is a new project generator focused in Canada. They have 7 properties in the Yukon. All are early exploration. They have over 225,000 acres and a lot of drill targets. Investors have bid up their FD market cap to $35 million. They have about...  more
06/10/2021
Analysis  
Added: Emerita Resources Corp
Emerita Resources has a large historical resource (Aznacollar) in Spain. It is 70 million tons at 60 gpt, plus high grade zinc and lead. It is likely an economic mine. Eric Sprott recently invested and own 10% of the shares, plus 14% on a diluted basis....  more
06/10/2021
Analysis  
Added: NGEx Minerals Ltd
NGEx Minerals has one of the largest copper/gold projects (Los Helados) in Chile. It has 23 billion lbs of copper, plus a large amount of gold (12 million oz) and silver (125 million oz). However, the grades for gold (.15 gpt) and silver (1.5 gpt) are...  more
06/10/2021
Analysis  
Added: K9 Gold Corp
K9 Gold is a project generator focused in Canada. They have one large property (Stony Lake) in Newfoundland. It is in a good location, so investors have bid it up to a $40 million FD market cap. That value is without any drill results and very few...  more
06/09/2021
Analysis  
Added: Odyssey Gold Ltd
Odyssey Gold is a project generator focused in Australia. They have two early exploration projects (Tuckanarra and Stakewell) that are past-producing open pit properties. They want to drill underneath these existing pits. Both properties are next to each...  more
06/09/2021
Analysis  
Added: Ophir Gold Corp
Ophir Gold is a new company exploring for gold in Idaho. They have one property (Breccia) that has historical exploration. It is both an open pit and underground deposit. The historical resource is 700,000 oz at about 3 gpt. That's a lot of gold for...  more
06/09/2021
Analysis  
Added: Angus Gold Inc
Angus Gold is a new project generator focused in Ontario, Canada. They have two early exploration projects. Golden Sky is in an excellent location, near existing large gold mines. They have acquired 5 properties, which encompass 55,000 acres. Their other...  more
06/08/2021
Analysis  
Added: Mayfair Gold Corp
Mayfair Gold is a new company that acquired and an advanced gold project (Fenn-Gib) from Pan American Silver. It is a 2 million oz (.9 gpt) open pit, with exploration potential to add to the open pit and underground. It looks like a slam dunk that will...  more
06/08/2021
Analysis  
Added: Mantaro Silver Corp
Mantaro Silver is a new company based in Peru. They have 5 early exploration silver targets that have had very little if any drilling. They will begin exploration on Santa Gloria (5,000 acres) with 12 kilometers of veins, and San Jose (8,000 acres) with...  more
06/07/2021
Analysis  
Updated: Oceanagold Corp.
OceanaGold is a large mid-tier producer. They have 14 million oz in resources (1.2 gpt) and will produce 350,000 oz in 2021 with all-in costs $1350 to $1400 per oz (free cash flow). Costs should drop to around $1250 per oz in the next couple of years....  more
06/07/2021
Analysis  
Updated: Silver Lake Resources Ltd..
Silver Lake Resources is a mid-tier gold producer in Australia. They have a solid flagship property (Mount Monger) with 3 million oz and all-in costs around $1200 per oz. Plus, several exploration and development projects. Production will be around 250,00  more
06/07/2021
Analysis  
Added: Fortitude Gold Corp
Fortitude Gold is a new company based in Nevada. They are producing 40,000 oz with free cash flow, plus a strong balance sheet of $35 million with no debt. They have low resources, but 5 properties with significant exploration potential. Investors have...  more
06/06/2021
Analysis  
Updated: Silver Mines Ltd.
Silver Mines Ltd is trying to become a mid-tier silver producer. They recently purchased the Bowdens, which is the largest undeveloped silver project in Australia (160 million oz). It is low grade (50 gpt), but has zinc and lead offsets. The Bowdens...  more
06/05/2021
Analysis  
Updated: Marathon Gold Corp
Marathon Gold is developing a large gold project in Newfoundland. Their Valentine Lake project has an 18-mile discovery trend on 60,000 acres and already has 4.5 million oz (open pit / underground) at 1.5 gpt. This could easily grow in size. The...  more
06/05/2021
Analysis  
Updated: Sabina Gold & Silver Corp
Sabina Gold & Silver has a large high-grade gold project in Canada. The Back River project has 9 million oz (6 gpt) and significant exploration potential. The feasibility study calls for 250,000 oz of production annually at 3,000 tpd. The capex is $325...  more
06/05/2021
Analysis  
Updated: Tanzanian Gold Corp.
Tanzanian Gold Corp (formerly Tanzanian Royalty Exploration) has a late-stage project (Buckreef) and numerous exploration properties in Tanzania. In fact, they have a 5-year plan to bring 3 projects into production: Buckreef, Itetemia and Kigosi. In 2013,  more
06/05/2021
Analysis  
Updated: NewPeak Metals Ltd
NewPeak Metals (Previously Dark Horse Resources) is a project generator with 4 gold projects on three continents. They have two early exploration gold projects in Agentina (Las Openas and Cachi) one project in Finland and another one in New Zeeland (Cap...  more
06/04/2021
Analysis  
Updated: Bonterra Resources Inc
BonTerra Resources is trying to become a mid-tier producer in Canada. They acquired Metanor Resources in 2018 and now have aggressive plans to spend $45 million to become a mid-tier producer in 2022. They have 3 properties and a mill in Quebec. They plan...  more
06/04/2021
Analysis  
Updated: Aurelius Minerals Inc
Aurelius Minerals have 4 properties in Nova Scotia that they are calling the Aureus Gold project. They include Aureus East, an underground mine with a permitted 300 tpd mill. They are targeting 500,000 oz and to restart the mine. Aurelius West is a small...  more
06/04/2021
Analysis  
Updated: Pan American Silver Corp.
Pan American Silver is one of the largest silver producers. They get about 50% of their revenue from silver production, about 30% from gold, and the rest in base metals (zinc, lead, and copper). They recently acquired Tahoe Resources and joined the ranks...  more
06/04/2021
Analysis  
Updated: Intl. Prospect Ventures
Intl. Prospect Ventures is a project generator focused in Western Australia. They have 8 properties in the Pilbara on 220,000 acres. All of them are early exploration. Their properties are spread out over 5 areas. They are all named after hockey teams (Ha  more
06/04/2021
Analysis  
Updated: Rokmaster Resources Corp.
Rokmaster Resources is trying to build a large gold mine in British Columbia. They recently released a PEA to producer 89,000 oz annually with cash costs (after offsets) at under $500 per oz. The after-tax IRR is around 40% at $1300 gold. However, the...  more
06/01/2021
General  
May 2021 Newsletter Posted
May 2021 Newsletter Posted.  more


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