News from July 2021

07/31/2021

Analysis

Updated: Angkor Resources

Angkor Resources is a project generator in Cambodia. They have 5 large properties on 250,000 acres, all of them are early exploration without a significant discovery. Their focus is directed mainly towards Andong Meas (and especially the Wild Boar target) more

07/31/2021

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

07/30/2021

Analysis

Updated: Artemis Gold Inc

Artemis Gold was formed by the Atlantic Gold management team after they were acquired by St Barbara. They acquired the huge Blackwater project from New Gold for $155 million, plus a 4% NSR (8% for the first 280,000 oz). Those are high NSRs and I would... more

07/30/2021

Analysis

Updated: Elevation Gold Mining Corp

Northern Vertex Mining is small gold producer in Arizona called Moss. It is a 450,000 oz (gold equivalent, including silver) resource at .8 gpt. The feasibility study has excellent economics. The IRR is 44% at $1300 gold. They plan to produce 40,000 oz... more

07/30/2021

Analysis

Updated: Elevation Gold Mining Corp

Northern Vertex Mining is small gold producer in Arizona called Moss. It is a 450,000 oz (gold equivalent, including silver) resource at .8 gpt. The feasibility study has excellent economics. The IRR is 44% at $1300 gold. They plan to produce 40,000 oz... more

07/29/2021

Analysis

Updated: Horizon Gold Ltd

Horizon Gold is a new company (spin-out from Panoramic Resources) in Australia. They have a large property (150,000 acres) that has had extensive mining (37 open pits and 3 underground mines). It has a mill, but requires refurbishing (it was operating in... more

07/29/2021

Analysis

Updated: Blue Star Gold Corp

Blue Star Gold (formerly WPC Resources) has a high-grade project (Ulu) in Nunavut. It is a historical resource with 800,000 oz at 5 gpt. It is a potential mine. Their price and market cap have risen in 2020 from higher gold prices. They were able to... more

07/29/2021

Analysis

Updated: Geopacific Resources Ltd

Geopacific Resources is building a 1.5 million oz (1.5 pt) open pit project (Woodlark Island) in Papua New Guinea. It is permitted, financed, and economic (30% after-tax IRR), with a feasibility study. Cash costs are projected to be low at around $600... more

07/28/2021

Analysis

Updated: Artemis Resources Ltd

Artemis Resources is an Australian mining company with several properties in Western Australia. Recently, a world-class discovery of 275 meters at 4.7 gpt was made at Havieron next to one of their properties (Paterson). This vaulted their valuation from $ more

07/28/2021

Analysis

Updated: Radius Gold Inc

Radius Gold is a project generator with early exploration projects in Guatemala and Mexico. They sold their advanced projects for $20 million in 2012 and are now starting over. They have cash in the bank (about $1.5 million) and 4 NSRs that are worth... more

07/27/2021

Analysis

Updated: Mawson Gold Limited

Mawson Resources is a project generator focusing in Finland and Australia. They have a potential big project in Finland called Rompas - Rajapalot (42,000 acres). They began initial drilling (4,000 meters) in 2012 and results were very promising: 5 meters... more

07/27/2021

Analysis

Updated: Ten Sixty Four Ltd

Medusa Mining is a mid-tier producer in the Philippines. They plan to produce about 95,000 oz in 2021 (Co-O mine), with cash costs around $850 per oz and all-in costs around $1400 per oz. They have been having problems with grade and higher all-in costs.... more

07/27/2021

Analysis

Updated: Gold Springs Resources

Gold Springs Resources (formerly TriMetals Mining and South American Silver) has been a painful fall for their investors. It has fallen from $3.25 a share in 2010 to today’s price of 14 cents. Ouch. Today it has an FD market cap of $28 million. This... more

07/26/2021

Interview

Don Interviewed by Living Your Greatness

https://youtu.be/IGfTKo2JCkE more

07/26/2021

Analysis

Updated: Rupert Resources Ltd

Rupert Resources is trying to restart a gold mine in Finland. The stock rose from 3 cents to 1.08 cents in 2017, and is currently at $4.59. What a run! However, now it has become mostly an exploration play, because they have become pricey. Investors have... more

07/26/2021

Analysis

Updated: Globex Mining Enterprises Inc

Globex Mining is a project generator that has been around for 60 years. With 195 projects (97 are precious metals) in Canada and the US (mostly in Quebec and Ontario). They also have 79 royalty properties, with 1 paying out about $1.5 million per year.... more

07/26/2021

Analysis

Updated: Anglogold Ashanti Ltd

AngloGold Ashanti is one of the largest gold producers. They were cheap in 2018, crashing to $7 per share. This was due to strikes in South Africa and higher cash costs. They resolved those issues and now the stock is back to $19 per share. The key... more

07/25/2021

Analysis

Updated: American Pacific Mining

American Pacific Mining is a new exploration company. In 2020, they acquired Madison Mining, which has a gold/copper project that is a 30% JV with Rio Tinto. It has some excellent drill results (30 meters at 24 gpt) and looks like a mine. Rio Tinto has... more

07/24/2021

Analysis

Updated: DELETE - 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 Resources and GR Silver properties that both have significant discoveries. For this... more

07/24/2021

Analysis

Updated: Focus Minerals Ltd

Focus Minerals was a mid-tier producer in Australia, but they halted production in 2013 due to high cash costs. My guess is they will resume production. They have two solid properties: Laverton and Coolgardie. Both are large (400,000 acres combined) with... more

07/24/2021

Analysis

Updated: Quebec Precious Metals Corp

Quebec Precious Metals (formerly Canadian Strategic Metals) is a project generator focused in Quebec, Canada. They have a gold discovery (Sakami) in a large property (35,000 acres), a good location and early drill results have been pretty good (106 holes) more

07/24/2021

Analysis

Updated: Rockfire Resources

Rockfire Resources is a London based exploration company with 4 projects in Australia. they started drilling at Plateau back in 2020 and received 90m @ 0.8 g/t, which is too low grade for sulphides. They tried to drill deeper but received only narrow... more

07/23/2021

Analysis

Updated: Cora Gold Ltd

Cora Gold is trying to advance a small open-pit gold project (Sanankoro) in Mali to production. They are currently trying to finance the feasibility study, which is due in 2021. The capex is $22 million to produce 45,000 oz annually. This is their... more

07/23/2021

Interview

Interview with Doc Jones and Don regarding Emerita Resources

https://youtu.be/NlxV9KUBDZc more

07/23/2021

Analysis

Updated: Cartier Resources Inc

Cartier Resources is a project generator focusing in Quebec. They have a significant project (Chimo) that has 2 million oz (3 gpt). Based on the potential of Chimo, the stock is undervalued. They are cashed up and are drilling. I'm surprised they are not... more

07/22/2021

Analysis

Updated: Sokoman Minerals Corp

Sokoman Minerals has several gold properties in Newfoundland, Canada. Investors were excited about 2018 drill holes at their Moosehead property (17 meters at 11 gpt and 16 meters at 14 gpt). Their FD market cap increased 5x in 2018 to $26 million.... more

07/22/2021

Analysis

Updated: Fireweed Metals

Fireweed Zinc is a new company with a zinc/silver project (Macmillan Pass) in the Yukon. There has been 70,000 meters of historical drilling. They released a PEA in 2018. It has 6% zinc and 4% lead, plus 55 million oz of silver at 30 gpt. The capex is... more

07/21/2021

Analysis

Updated: Horizon Minerals Limited

Horizon Minerals was a small producer in Australia. They are planning to resume production in 2022. They are working on a feasibility study for their Boorara project that has 500,000 oz. Overall, they have 1.1 million oz. In addition to Boorara, they... more

07/21/2021

Analysis

Updated: Harfang Exploration Inc

Hargang Exploration is a project explorer focused in Canada. They have 8 properties in the James Bay region of Quebec, as well as projects in Nunavut (Lake Fagnant) and Ontario (Lake d'Argent), all are early exploration and most are gold projects. Most... more

07/20/2021

Analysis

Updated: DELETE - Magna Gold Corp

Magna Gold acquired the San Francisco mine from Alio Gold. This gives them a large mine (1.5 million oz at .5 gpt) that should make them a potential mid-tier producer. They were able to restart the mine with very little debt and are producing about 70,000 more

07/20/2021

Interview

Don Interviewed by Patrick Karim

https://youtu.be/X5iZdUMnmFc more

07/19/2021

Analysis

Added: DELETE - Zenith Minerals Ltd

Zenith Minerals is a project generator focused in Australia. They have two gold discoveries (Split Rocks and Red Mountain) that they are drilling. Both are high grade (32 meters at 9 gpt and 13 meters at 8 gpt) at surface. Neither have a resource yet,... more

07/19/2021

Analysis

Updated: MetalsTech Ltd

MetalsTech Ltd is trying to re-start a gold mine in Eastern Europe (Slovakia). The Sturec property (2300 acres) is a large 1.5 million oz (1.2 gpt) deposit that is growing in size. It is likely a 2 million oz open pit. It is open in all directions and 90% more

07/19/2021

Analysis

Updated: Vox Royalty Corp

Vox Royalty is a new royalty company. They have 50 royalty properties, although only 5 are producing. By 2025, they should have about 10 producing. They are good deal makers and plan to add more properties. Thus, they see themselves as a growth company.... more

07/18/2021

Analysis

Added: MetalsTech Ltd

MetalsTech Ltd is a project generator with a large gold project in Eastern Europe (Slovakia). The Sturec property (2300 acres) is a large 1.5 million oz (1.2 gpt) deposit that is growing in size. It is likely a 2 million oz open pit. It is open in all... more

07/18/2021

Analysis

Added: Graycliff Exploration Ltd

Graycliff Exploration is a new project generator focused in Canada. They have one potential gold discovery (Shakespeare) with a drill hole of 5 meters at 8.5 gpt. It's not a large property with 2,500 acres, but it is in a good location in Ontario. They... more

07/17/2021

Analysis

Updated: Harfang Exploration Inc

Hargang Exploration is a project explorer focused in Canada. They have 8 properties in the James Bay region of Quebec, as well as projects in Nunavut (Lake Fagnant) and Ontario (Lake d'Argent), all are early exploration and most are gold projects. Most... more

07/17/2021

Analysis

Added: 55 North Mining Inc

55 North Mining is a project generator focused in Canada. They have one property (Last Hope) in Manitoba. It is a small (200,000 oz at 5 gpt) deposit that they are trying to expand in size. It is close to being large enough to be a small mine. They are... more

07/17/2021

Analysis

Added: Spruce Ridge Resources Ltd

Spruce Ridge Resources is a project generator focused in Canada. They are focusing on their Great Burnt (10,000 acres) property in Newfoundland. It has both a copper and gold discovery that they are drilling. If Newfoundland continues to get exciting... more

07/17/2021

Analysis

Added: Avanti Gold Corp

Valorem Resources is a project generator focused in Canada. They recently obtained the BC property (10,000 acres) in British Colombia. It is early exploration, but in a good location near a large discovery. This is why it has a $20 million FD market cap... more

07/16/2021

Analysis

Added: Marvel Gold Ltd

Marvel Gold is advancing a gold project in Mali (Tabakorok). I think they are an exploration company, but would not be surprised if they attempt to develop their project. It is at least a 1 million oz (1.2 gpt) open pit, which would be easy to permit and... more

07/15/2021

Analysis

Added: Tier One Silver Inc

Tier One Silver is a new project generator focused in Peru. They have 5 properties that are all early exploration. They are focusing on Curibaya (40,000 arcres), which has 80 surface samples with silver grades > 500 gpt, plus 60 samples with gold grades > more

07/15/2021

Analysis

Updated: Rox Resources Ltd

Rox Resources is a gold and base metals exploration/developer in Australia. They have three gold properties and two base metals properties in Western Australia. They own 70% of the Youanmi property, which has 1.2 million oz (their share), plus... more

07/15/2021

Analysis

Updated: Opawica Explorations Inc

Opawica Exploration is a project generator focused in Canada. Eric Sprott recently invested $4 million and obtained 20% of their shares. They have three properties on the Quebec - Newfoundland border. All are early exploration. Their Bazooka property... more

07/15/2021

Analysis

Added: Tomagold Corp

Tomagold Corp is a project generator focused in Quebec. They have 6 properties on about 25,000 acres. All are early exploration, although Obalski appears to be a high-grade discovery (1 meter at 47 gpt). They are cashed up and plan to drill 10,000 meters... more

07/14/2021

Analysis

Updated: First Majestic Silver Corp

First Majestic Silver is a large silver/gold producer in Mexico and Nevada. Until recently they were a very strong company with a clean balance sheet and low costs. Now they have $144 million in debt and their costs are no longer low, although they do... more

07/14/2021

Analysis

Updated: Boab Metals Ltd

Boab Metals (previously Pacifico Minerals) is advancing a lead-silver project (Sorby Hills) in Australia. It has about 40 million oz of low-grade silver (35 gpt). However, it also has high-grade lead offsets that should make it economic. In fact, the IRR... more

07/13/2021

Analysis

Updated: Minera Alamos Inc

Minera Alamos is advancing three gold projects (Santana, La Fortuna, and Cerro De Oro) in Mexico to production. Santana will go first, with a small $7 million capex. They hope to mine 25,000 oz annually, but currently have a small resource. However, they... more

07/13/2021

Interview

CEO Interview of Guanajuato Silver

https://twitter.com/DonDurrett/status/1415071668238655489 more

07/13/2021

Analysis

Updated: Rockhaven Resources Ltd

Rockhaven Resources has an excellent gold/silver project in the Yukon. They did a PEA and the after-tax IRR was only 20% at $1300 gold, but 37% at $1450. Plus, the capex is very high at $200 million. For this reason, investors have not been interested.... more

07/12/2021

Analysis

Updated: Sabre Gold Mines Corp

Arizona Gold Corp (formerly Kerr Mines) two very good properties and they were producing 20,000 oz per year in 2013. However, low gold prices killed them. They got into debt and had to sell most of their valuable properties: Larder Lake, Kerr-Addison,... more

07/11/2021

Analysis

Updated: Discovery Silver Corp

Discovery Metals is a project generator focused in Mexico. There FD market cap has exploded to $598 million because of higher silver prices. They have a huge low-grade project (Cordero) that has about 1.5 billion oz of AGEQ (60 gpt). They are focusing on... more

07/11/2021

Analysis

Updated: Osino Resources

Osino Resources is developing their first mine (Twin Hills) in Namibia. It is on a large property with many drill targets. I would have bought this stock a long time ago if I knew it was a development story. I thought they were an exploration company.... more

07/11/2021

Analysis

Updated: DELETE - Chalice Mining

Chalice Mining (previously Chalice Gold Mines) is a project generator based in Australia. They made a high-grade palladium discovery (Julimar - Gonneville) in 2020 and their share price exploded from 70 cents to $7. Their market cap is now $2 billion.... more

07/11/2021

Analysis

Updated: Gogold Resources

GoGold Resources (they also call themselves GoGold Silver & Gold as a tagline on their website) is a silver producer in Mexico. They will produce 2 million oz of silver equivalent (including gold) in 2021 with all-in costs around $16 per oz (free cash... more

07/11/2021

Analysis

Updated: Monarca Minerals Inc

Monarca Minerals (formerly Oremex Silver) is a project generator focused in Mexico. They have 3 early exploration silver projects. One of them (Tejamen) has a low-grade resource of 28 million oz (45 gpt), but their current focus is the San Jose project (1 more

07/10/2021

Analysis

Updated: Quebec Precious Metals Corp

Quebec Precious Metals (formerly Canadian Strategic Metals) is a project generator focused in Quebec, Canada. They have a gold discovery (Sakami) in a large property (35,000 acres), a good location and early drill results have been pretty good (106 holes) more

07/10/2021

Analysis

Updated: St Barbara Ltd

St. Barbara is a mid-tier gold producer based in Australia. They have three producing mines. Leonora in Australia at 175,000 oz, Simberi in Papua New Guinea at 110,000 oz, and Touquoy in Canada (100,000 oz). Cash costs for the last quarter were about $900 more

07/06/2021

Analysis

Updated: Unigold Inc

Unigold Inc has a large gold discovery in the Dominican Republic. Their Neita property (50,000 acres) is approaching late stage development. They have already found 2.1 million oz (inferred) and have 25 more targets. It is both an open pit (2 million oz... more

07/05/2021

Analysis

Updated: Euromax Resources Ltd

Euromax Resource was trying to advance a gold project in Macedonia. Everything looked great and then suddenly they could not get the mining permit. Currently they are in court, but looks like the best outcome is a financial settlement. They have debt... more

07/05/2021

Analysis

Updated: Citigold Corp Ltd

Citigold has 100 bagger potential at higher gold prices. They have 11 million oz of gold at 14 gpt (all inferred). Plus, they think they could find 50 million oz on their flagship Charters Towers mine in Australia. It is a past producing mine requiring... more

07/04/2021

Analysis

Updated: GR Silver Mining Ltd

GR Silver Mining (previously Goldplay Exploration) is a new company. They have several early exploration projects in Mexico. They are focusing on San Marcial (25,000 acres) with an updated resource estimate of 30 million oz of silver in the M&I category... more

07/04/2021

Analysis

Updated: Bayhorse Silver Inc

Bayhorse Silver (formerly Kent Exploration) is a near-term silver producer in Oregon (Bayhorse). It is a small resource (6 million oz), but high-grade (20 opt). They plan to begin production at 600,000 oz annually. That could increase to 1 – 1.5... more

07/03/2021

Analysis

Updated: Silver Dollar Resources Inc

Silver Dollar Resources is a new company formed in 2020. They recently acquired a silver property (La Joya) from First Majestic Silver, who received about 20% of Silver Dollar. I'm not sure why their share price has not risen. They have a $15 million FD... more

07/03/2021

Analysis

Updated: Summa Silver Corp

Summa Silver is a new company with a silver project (Hughes) in Nevada. They have 2500 acres on the Tonapah district that mined 175 million oz at very high grades. They don't own the entire district, but have the Belmont Mine, which mined 36 million oz.... more

07/03/2021

Analysis

Updated: Contact Gold Corp

Contact Gold is a new exploration company focused on Nevada. They are looking for a large mine in the Carlin Trend. Currently, they are drilling two discoveries. Pony Creek (2,500 acres) looks like it could be a mine with drill holes of 99 meters at 2.8... more

07/03/2021

Analysis

Updated: Strikepoint Gold Inc

Strikepoint Gold is a project explorer focused in Canada. They have 22 properties in the Yukon on 700,000 acres. All they had to pay was 10 million shares to IDM Mining (now owned by Skeena Resources). They also have two early exploration projects in... more

07/03/2021

Analysis

Updated: Novo Resources Corp

Novo Resources exploded in value based on a potential large discovery in Western Australia (Pilbara region). However, it’s high valuation is still based on a theory. The only resource it has is Beaton’s Creek which is only 1 million oz. The theory is... more

07/03/2021

Analysis

Updated: Spanish Mountain Gold Ltd

Spanish Mountain Gold has a large open-pit gold project in Canada (British Columbia). In 2021, they released a pre-feasibility, which increased the capex to $460 million, decreased cash costs to $550 (for the first 10 years), and decreased their after-tax more

07/01/2021

Analysis

Updated: Silver X Mining

Silver X Mining (previously Oro X Mining) recently acquired a silver producing mine (Nueva Recuperada) in Peru. It has 70 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... more

07/01/2021

Analysis

Updated: Silver X Mining

Silver X Mining (previously Oro X Mining) recently acquired a silver producing mine (Nueva Recuperada) in Peru. It has 70 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... more

07/01/2021

Analysis

Updated: Euro Sun Mining Inc

Euro Sun Mining (formerly Carpathian Gold) was a mid-tier producer in Brazil with a huge debt load. In 2015, they were able to make a deal to sell the project for the amount of debt ($177 million). Now they are debt free with a large gold/copper project... more

07/01/2021

General

June 2021 Newsletter Posted

June 2021 Newsletter Posted. more

News from July 2021

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