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09/30/2021
Analysis
Updated: Conquest Resources Ltd
Conquest Resources is a project generator focused in Ontario, Canada. They have 3 early stage projects, of which the most significant is the Belfast-TeckMag, which they continue to expand through acquisitions of properties nearby. It is comprised of five... more
09/30/2021
Analysis
Updated: Rover Metals Corp
Rover Metals is a project generator focused in Canada. They have three early exploration projects in the Northwest Territory. They are currently drilling Cabin Lake (3,500 acres). Historical drilling has found about 50,000 oz (5+ gpt) with only about 7,50 more
09/29/2021
Analysis
Updated: Vast Resources Plc
Vast Resources was a small gold producer in Romania. They do not have a company presentation and I couldn't get a good feel for what they have and what they plan to do. I couldn't find any recent financials. I don't know how much debt they have. All I... more
09/28/2021
Analysis
Updated: Capitan Silver
Capitan Mining is a new (2020) project generator that was a spinout from Riverside Resources. They have one project (Penoles) on 5,500 acres in Mexico. It is a potential open-pit mine with 500,000 ounces (including silver). It is low grade (.5 gpt) but... more
09/28/2021
Analysis
Updated: DELETED - Navarre Minerals Ltd
Navarre Minerals is a project generator in Australia. They have several early exploration gold projects (Tandarra, Irvine-Stawell, St Arnaud, Jubilee). They are drilling Irvine-Stawell, which has a 5-mile strike target. The property is on a 30-mile trend... more
09/28/2021
Analysis
Updated: Metals Creek Resources Corp
Metals Creek Resources is project generator focused in Canada. Their Ogden gold project in Ontario was drilled in the past and results were interesting (narrow veins system with 12 meters at 210 gpt which includes 2732.64 g/t gold over 0.93m, 75 meters... more
09/27/2021
Analysis
Updated: Carnaby Resources Ltd
Carnaby Resources is a project generator focused in Australia. They have five early exploration gold exploration projects. Their Pilbara properties include 100,000 acres, including their Strelley project, which they are drilling.
Their Mount Isa -... more
09/27/2021
Analysis
Updated: Northern Star Resources Ltd
Northern Star Resources is a new major. They have 3 large producing mines at 1.5 million oz and an FD market cap of $7 billion. They have 20 million oz of reserves, but 60 million oz of resources. The stock is pricey, but their all-in costs are about $1,2 more
09/27/2021
Analysis
Updated: Metals Creek Resources Corp
Metals Creek Resources is small exploration company. Their Ogden gold project in Ontario was drilled in the past and results were very interesintg (narrow veins system with 12 meters at 210 gpt which includes 2732.64 g/t gold over 0.93m, 75 meters at 2.2... more
09/26/2021
Analysis
Updated: Gold Terra Corp
Gold Terra Corp (previously TerraX Minerals) is advancing a large property in Canada (Northwest Territories). They are drilling three or four different discoveries on their large (200,000 acres) Yellowknife property. It has 450 historical drill holes... more
09/25/2021
Analysis
Updated: Metalla Royalty
Metalla Royalty & Streaming (formerly Excalibur Resources) is a new royalty company formed in 2016. They have grown aggressively and now have 70 royalty and streaming properties. Their share price is up about 1,000% since 2016. They have a very good... more
09/25/2021
Analysis
Updated: RTG Mining Inc
RTG Mining is building a gold/copper mine (Mabilo) in the Philippines. I was surprised they received a mining permit because it is an open pit. Phase 1 has a low capex of $20 million to produce 40,000 oz annually with low costs using copper offsets. With... more
09/25/2021
Analysis
Updated: RTG Mining Inc
RTG Mining is building a gold/copper mine (Mabilo) in the Philippines. I was surprised they received a mining permit because it is an open pit. Phase 1 has a low capex of $20 million to produce 40,000 oz annually with low costs using copper offsets. With... more
09/25/2021
Analysis
Updated: Lara Exploration Ltd
Lara Exploration is a project generator focused in South America. The only problem with this stock is that it is not precious metals focused. However, with a higher price of gold, I would expect this company to focus more on gold. Lara has shown the... more
09/24/2021
Analysis
Updated: Agnico Eagle Mines Ltd
Agnico-Eagle Mines is a solid company with 24 million oz (2.5 gpt) of gold reserves and 63 million oz of gold resources. Growth will be steady, but nothing to get excited about. They could underperform in the major category because they are already... more
09/24/2021
Analysis
Updated: Great Southern Mining Ltd
Great Southern Mining is a project generator focused in Australia. They are currently drilling on two projects in Western Australia - the Duketon and Mon Ami projects. Mon Ami has a surface deposit of 50,000 oz that they are considering mining. Plus, it... more
09/23/2021
Analysis
Updated: Pan African Resources Plc
Pan African Resources is a mid-tier gold producer in South Africa. They have large resources at 30 million oz (3.5 gpt) and are producing 200,000 oz with all-in costs (free cash flow) around $1300 per oz. They don't have a good balance sheet with about $3 more
09/23/2021
Analysis
Updated: China Gold Intl. Resrcs Corp Ltd
China Gold International is mostly a copper stock, but they do have a lot of gold and silver. Their CSH open pit gold mine is producing 200,000 oz and has 8 million oz of resources, which makes for a long-life mine. This mine alone probably gives it a... more
09/22/2021
Analysis
Updated: Gold Road Resources Ltd
Gold Road Resources is a new producer in Australia. They have 50% JV (Gruyere) with Gold Fields (the operator). They are receiving 140,000 oz of annual production. It is a large (9 million oz) long-life mine. I would expect production to increase. This... more
09/22/2021
Analysis
Updated: Franco-Nevada Corp
Franco-Nevada is a royalty company and a very good one. Their revenue is growing at a fast rate. They have 57 producing projects with an expected free cash flow of around $500 billion in 2021. They will have 500,000 GEOs in 2021, which is projected to... more
09/21/2021
Analysis
Updated: Japan Gold Corp
Japan Gold (formerly Sky Ridge Resources) is a new exploration company focused in Japan. They have 31 gold properties on 150,000+ acres. All are early exploration, although they have at least 11 past-producing high-grade gold mines (before 1980). The FD... more
09/21/2021
Analysis
Updated: DELETE - Trevali Mining Corp
Trevali Mining is mostly a zinc producer, with about 85% of their revenue from zinc. They have producing mines in Peru (Santander), West Africa (Perkoa), and South Africa (Rosh Pinah). I'm including them in the database because they have substantial... more
09/20/2021
Analysis
Updated: G2 Goldfields Inc
G2 Goldfields (previously Sandy Lake Gold) is a project generator focused in Canada and Guyana. They have six early exploration projects. Sandy Lake in Ontario is a large property (90,000 acres) in a good location. They claim it is the only place near... more
09/20/2021
Analysis
Updated: Ausgold Ltd
Ausgold Ltd is developing a gold project (Katanning) in Western Australia. It is a 12,000 acre property with a 9-mile strike. The resource is 1.5 million oz (1.2 gpt) and likely to grow in size. They have 50+ more targets to drill and they think there is... more
09/20/2021
Analysis
Updated: Golden Arrow Res Corp
Golden Arrow Resources had a large silver project (Chinchilla/Punta) in Argentina. This is yet again another cautionary tale for investing in project generators. Chinchilla is a 140 million oz deposit. They sold it for $44 million (cash and SSR Mining... more
09/19/2021
Analysis
Updated: Genesis Minerals Ltd
Genesis Minerals is trying to become a gold producer in Australia. They have two projects that are next to each other. Ulysses (850,000 oz at 3.3 gpt) is an underground mine, and Kookynie (600,000 oz at 1 gpt) is an open pit mine. They plan to complete a... more
09/19/2021
Analysis
Updated: West Wits Mining
West Wits Mining is developing a gold project South Africa. They have a large 4.3 million oz underground resource (WBP), although it is low grade (3.8 gpt). They do not have any debt, but do have very high share dilution. They are working on a... more
09/19/2021
Analysis
Updated: West Wits Mining
West Wits Mining is developing a gold project South Africa. They have a large 4.3 million oz underground resource (WBP), although it is low grade (3.8 gpt). They own 66%. They do not have any debt, but do have very high share dilution. They are working... more
09/18/2021
Analysis
Updated: Nexus Minerals Ltd
Nexus Minerals is advancing an open pit (Wallbrook-Crusader) in Western Australia. It has a 600-meter length and considerable width. Looks like a pretty good sized mine, but we don’t have a resource estimate yet. It appears to be open at depth, with... more
09/18/2021
Analysis
Updated: Norsemont Mining Inc
Norsemont Mining is a new company that acquired a past producing gold mine (Choquelimpie) in Chile. The only information they provide on their website is the size of the property (13,000 acres) and that it was producing 3,000 tpd. That is not very much... more
09/17/2021
Analysis
Updated: Blue Lagoon Resources Inc
Blue Lagoon Resources is a near-term producer in Canada. Their Dome Mountain property in British Columbia has a small high-grade gold mine. It is permitted at 75,000 tpa (tons per annum). That is only about 20,000 oz per year. The resources is only about... more
09/17/2021
Analysis
Updated: Peruvian Metals
Peruvian Metals (previously Duran Ventures) is an early project generator in Peru, but also a toll miner. They own 80% in a 100 tpd mill (Aguila Norte). They want to expand the mill to 500 tpd and to use a lot of their own ore. For this reason they... more
09/17/2021
Analysis
Updated: LCL Resources
Los Cerros Ltd is an Australian mining company advancing a gold project (Quinchia) in Colombia. It is an 800,000 oz open pit (1 gpt), but drill results imply it will be larger and perhaps double that size. The project has a feasibility study (previous... more
09/17/2021
Analysis
Updated: Manuka Resources Ltd
Manuka Resources is a new small producer focused in Australia. They started production in 2020 in their Mt Boppy mine (225,000 acres) and are looking to produce 20k ounces a year. The red flag is they only have 50k ounces of gold in resources, but they... more
09/17/2021
Analysis
Updated: Sun Peak Metals Corp
Sun Peak Metals is a project generator focused in Ethiopia. They have more than 225,000 acres on 4 properties. Two of them (Meli and Terer) are 70% options. The other two (Adi Dairo and Nefasit) are owned 100%. All of their properties are early... more
09/17/2021
Analysis
Updated: Stroud Resources Ltd
Stroud Resources has a silver project in Mexico (Santo Domingo). It is a 38 million resource (120 gpt) including gold. There has not been any work in four years when silver prices were low. They are still low on cash. I think they are an exploration... more
09/16/2021
Analysis
Updated: Arizona Gold & Silver
Arizona Silver Exploration was formed in 2016. They have 4 silver projects in Arizona and Nevada. They are currently focused on their newly acquired Philadelphia project, a past producing mine. It is characterized by narrow veins and their reecent... more
09/16/2021
Analysis
Updated: Sihayo Gold Ltd
Sihayo Gold is trying to build their first mine in Indonesia. They have been in business a long time and have 20 projects. Their Pungkut deposit is 1.6 million oz (2 gpt) with a completed feasibility study. The capex is about $80 million (their share) to... more
09/16/2021
Analysis
Updated: Sihayo Gold Ltd
Sihayo Gold is trying to build their first mine in Indonesia. They have been in business a long time and have 20 projects. Their Pungkut deposit is 1.6 million oz (2 gpt) with a completed feasibility study. The capex is about $80 million (their share) to... more
09/16/2021
Analysis
Updated: Alkane Resources Ltd
Alkane Resources is small Australian gold producer at about 60,000 oz per year. However, they have a $366 million FD market cap. Why? A huge discovery in 2019 at Boda, which had a drill hole of 1150 meters at .45 gpt (including 500 meters at 1 gpt), plus... more
09/16/2021
Analysis
Updated: TNR Gold Corp
TNR Gold is a project generator with a gold project in Alaska. They have been very inactive lately due to their difficult financial situation (very little cash with $6M in debt). However, their projects have value so they might be able the negotiate.... more
09/15/2021
Analysis
Updated: DELETE - Encounter Resources Ltd
Encounter Resources is a project generator focused in Western Australia. They plan to spinout their gold project (West Tanami) into Hamlin Gold soon. This project has 700,000 oz but is next door to a huge 25 million oz mine (Tanami). They think West... more
09/13/2021
Analysis
Updated: Banyan Gold Corp
Banyan Gold is advancing a large open project (Aurmac-McQuesten) in the Yukon (22,000 acres). It is currently 900,000 oz (.5 gpt), but they think it will be between 3 and 5 million oz. Worst case, I would expect them to find at least 2 million oz.... more
09/13/2021
Analysis
Updated: Catalyst Metals Ltd
Catalyst Metals is a small producer in Australia, but is really a drill story. They have an exciting gold discovery (Four Eagles) with drill holes of 27 meters at 22 gpt, 22 meters at 31 gpt, 20 meters at 21 gpt. Their FD market cap has exploded to $148... more
09/13/2021
Analysis
Updated: Alien Metals Limited
Alien Metals (formerly Arian Silver) is a project generator focused in Mexico and Australia. They lost their 117 million oz San Jose project in 2015 due to debt issues. This leaves them with three exploration projects in Mexico: Los Campos, Donovan, and... more
09/12/2021
Analysis
Updated: Velocity Minerals Ltd
Velocity Minerals is a Canadian developer focused on Bulgaria. Investors were ignoring their potential, giving them a $9 million FD market cap valuation in 2018. Today it has jumped to $59 million. They completed a pre-feasibility for Rozino in 2020. It... more
09/12/2021
Analysis
Updated: Velocity Minerals Ltd
Velocity Minerals is a Canadian developer focused on Bulgaria. Investors were ignoring their potential, giving them a $9 million FD market cap valuation in 2018. Today it has jumped to $59 million. They completed a pre-feasibility for Rozino in 2020. It... more
09/12/2021
Analysis
Updated: Apollo Silver
Apollo Gold & Silver recently acquired a large silver project (Waterloo – Langtry) from Pan American Silver. It has 100 million oz at 86 gpt and another 60 million oz at 60 gpt. It is located in California and is a past producing mine. That should help... more
09/12/2021
Analysis
Updated: DELETE - Winston Gold Corp
Winston Gold Mining is advancing their Winston project to production in Montana. They do not have a PEA or resource estimate, so the risk is extremely high. They have 630 drill holes and think they can advance it to production with only $1.5 million. It... more
09/12/2021
Analysis
Updated: Canagold Resources
Canagold Resources (formerly Canarc Resource Corp) has an advanced project in Canada (northern British Columbia) that looks promising. Their New Polaris project is a high-grade 1 million oz (10 gpt) resource. They have a PEA for 80,000 oz of production... more
09/11/2021
Analysis
Updated: Magmatic Resources Ltd
Magmatic Resources is project generator located in Australia. They have a large land package with three projects in a world class gold-copper province. Their current focus is the Wellington North project which is located in proximity to the recent... more
09/11/2021
Analysis
Updated: Avrupa Minerals Ltd
Avrupa Minerals is a Canadian based Project Generator that is exploring in Europe. They had 12 projects but are down to just two in Portugal and Kosovo. Their current focus is the Alvalade project. They are the operator in the JV and their partner (MATSA) more
09/11/2021
Analysis
Updated: Sandstorm Gold Ltd
Sandstorm Gold is a high-quality gold royalty company. They are focusing on gold and currently have 29 producing assets. They have strong free cash flow (about $50 million in 2020) from these properties and are growing rapidly at about 20% per year (produ more
09/11/2021
Analysis
Updated: FenixOro Gold Corp
FenixOro Gold Corp. is a project generator focused in Colombia. On May 2020 they acquired Fenix Gold, which has the right to earn up to 90% of the Abriaqui project, located in western Antioquia, 100 km northwest of Medellin. The project is located just... more
09/10/2021
Analysis
Updated: Silver Elephant Mining
Silver Elephant Mining (previously Prophecy Development) is a project generator focused in Bolivia. They have a large silver project called Pulacayo-Paco (8,000 acres). The good news is that it is a large project, the bad news is that it is in Bolivia,... more
09/10/2021
Analysis
Updated: New Found Gold Corp
New Found Gold is a project generator (formed in 2020) focused in Newfoundland. They have a large property called Queensway (about 350,000 acres). It has become a significant discovery in a very short period of time from several high-grade drill holes (19 more
09/10/2021
Analysis
Updated: New Pacific Metals Corp
New Pacific Metals is advancing a large silver project (Silver Sand) in Bolivia. In 2017, they paid $45 million to acquire Silver Sand. Amazingly, they got extremely lucky. Their FD market cap has exploded to $624 million based on exploration success at... more
09/09/2021
Analysis
Updated: Altiplano Metals
Altiplano Minerals is a small copper producer in Chile (about 3 million lbs annually) at their Farallon mine. It is a 300,000 ton underground deposit. They are advancing two copper/gold/silver projects at Farallon, which will add two additional revenue... more
09/09/2021
Analysis
Updated: Osisko Mining Corp
Osisko Mining acquired the Windfall Lake project in 2015 from Eagle Hill. It is a 6 million oz (6.5 gpt) resource that is growing in size. A PEA was completed to produce 300,000 oz per year for the first 7 years. I would expect the mine life to be... more
09/09/2021
Analysis
Updated: Bunker Hill Mining Corp
Bunker Hill Mining (previously Liberty Silver) began trading in 2017. They initially purchased the Bunker Hill silver/zinc mine in Idaho for $30 million, but recently amended it to just $11 million which they need to pay by August 2020 (now paid). They... more
09/08/2021
Analysis
Updated: Chesapeake Gold Corp
Chesapeake Gold is developing a huge gold/silver/zinc project in Mexico. Metates has 18 million oz. of gold (.6 gpt), 500 million oz. of silver (15 gpt), and 4 billion lbs. of zinc. With AUEQ production potentially reaching 500,000 oz. per year, this... more
09/08/2021
Analysis
Added: Star Royalties Ltd
Star Royalties is a new royalty company started in 2021. They appear to have a good team and I would expect them to be successful. The royalty model has been working well, and until a royalty company has problems, we have to assume the model will... more
09/07/2021
Analysis
Updated: Galiano Gold Inc
Galiano Gold (previously Asanko Gold) is a mid-tier producer in West Africa (Ghana). Their AGM (Asanko Gold Mine) project is a 50% JV with Goldfields. Galiano is the operator. AGM has 3.5 million oz (their share) and 9 drill targets on 250,000 acres.... more
09/07/2021
Analysis
Added: Barksdale Resources Corp
Barksdale Resources is a project generator focused in Arizona and Mexico. They have several early exploration projects. The most exciting is probably Sunnyside which is next door to the large South32 Hermosa project. They have acquired 30,000 acres near... more
09/07/2021
Analysis
Updated: Asante Gold Corp
Asante Gold is a near-term producer in West Africa. They recently acquired the Bibiani project (Ghana) from Resolute Mining. Bibiani is a large 2.5 million oz (3.4 gpt) underground mine. It is currently on care & maintenance, but Asante has given... more
09/07/2021
Analysis
Updated: Asante Gold Corp
Asante Gold is a near-term producer in West Africa. They recently acquired the Bibiani project (Ghana) from Resolute Mining in 2021. Bibiani is a large 2.5 million oz (3.4 gpt) underground mine. It is currently on care & maintenance, but Asante has given... more
09/07/2021
Analysis
Updated: Lion One Metals Ltd
Lion One Metals has an advanced high-grade project in Fiji called Tuvatu (50,000 acres). It is an 800,000 oz. (7 gpt) open-pit deposit that is fully permitted. The capex is $48 million (from the 2015 PEA) with an after-tax IRR over 50% at $1,300 gold.... more
09/06/2021
Analysis
Added: BeMetals Corp
BeMetals Corp is advancing a small zinc/silver project in Idaho. It currently only has about 1 million tons at 6 opt. They are drilling and should expand the size, but it will be a small, short-life mine. It is almost permitted and they expect to... more
09/05/2021
Analysis
Added: Tombill Mines Ltd
Tombill Mines is a project generator focused in Canada. It was a private company that went public in 2021. They only have one property (Tombill) that is 3,000 acres. It is an early exploration project with very little drilling. They are planning to drill... more
09/05/2021
Analysis
Added: Goldshore Resources Inc
Goldshore Resources is a new company formed in 2021. They acquired the Moss Lake project from Wesdome Mines, who maintained 30% ownership. Insiders own another 25%, making it tightly held. They are cashed up with about $8 million and plan to drill 100,000 more
09/05/2021
Analysis
Updated: Silver Tiger Metals
Silver Tiger Metals (formerly Oceanus Resources) is a project generator with a large low-grade silver/gold project in Mexico. The El Tigre silver project (70,000 acres) has 44 million oz at 75 gpt (including gold) / or 1 million oz of gold equivalent at . more
09/05/2021
Analysis
Updated: Freegold Ventures Ltd
Freegold Ventures has a large gold project in Alaska. The Golden Summit project (3 million oz at .7 gpt) is in a good location, only 20 miles from Fairbanks and 5 miles from a large Kinross surface mine. It is growing in size after a monster hole of 257... more
09/04/2021
Analysis
Updated: Nubian Resources Ltd
Nubian Resources is a project generator focused in Australia and Peru. Their current focus is the Yandoit project in Victoria, Australia, in which they initiated the 2nd phase of drilling. They are still waiting to get the results for 20 holes from the... more
09/04/2021
Analysis
Updated: DELETE - Okapi Resources Ltd
Okapi Resources is a project generator from Australia. They have three gold projects, two Uranium projects in Colorado and Utah and one Lithium project at Lake Johnston. They are exploring the Mount Day project in which they can earn 75% and recently... more
09/04/2021
Analysis
Updated: Canstar Resources Inc
Canstar Resources is a project generator with gold and base metals projects in Newfoundland. Their flagship project is the Golden Baie project which is a large claim block that is located in proximity to a large number of the gold deposits, such as... more
09/03/2021
Analysis
Updated: Red 5 Ltd
Red 5 Ltd is an emerging mid-tier producer in Australia. At Darlot (1.2 million oz), they plan to produce 65,000 oz in 2021. Their all-in costs (free cash flow) are currently around $1600 per oz. Those high costs will drop significantly when they build... more
09/03/2021
Analysis
Updated: Red 5 Ltd
Red 5 Ltd is an emerging mid-tier producer in Australia. At Darlot (1.2 million oz), they plan to produce 65,000 oz in 2021. Their all-in costs (free cash flow) are currently around $1600 per oz. Those high costs will drop significantly when they build... more
09/03/2021
Analysis
Added: DELETE - Dreadnought Resources Ltd
Dreadnought Resouces is a project generator focused in Western Australia. They have 3 large properties: Kimberley (600,000 acres), Mangaroon (1 million acres), and Illaara (220,000 acres). They are drilling for base metals and gold. They have over 20... more
09/02/2021
Interview
Don Interviewed by Pacific Palisades Radio
https://youtu.be/riPJBcUCCGo more
09/02/2021
Analysis
Added: Collective Mining Ltd
Collective Mining is a new project generator formed in 2021. They have two early exploration projects in Colombia. They were able to IPO with $20 million in the bank, so they are cashed up to begin drilling. Both of their projects (San Antonio and... more
09/02/2021
Analysis
Added: Silver Hammer Mining Corp
Lakewood Exploration is a new project generator formed in 2021. They have 3 past-producing high-grade silver mines in Nevada and Idaho. Eliza produced 40 million oz from 1876-1890. Silverton produced from 1921 to 1937. Silver Strand produced from 1968 to... more
09/02/2021
Analysis
Updated: Aya Gold & Silver Inc
Maya Gold & Silver is an emerging mid-tier silver producer in Morocco. Zgounder, their silver project (85% owned), is a past producing mine (working mill onsite) with a 100 million oz resource (10 opt). They are producing about 1.5 million oz per year,... more
09/01/2021
General
August 2021 Newsletter Posted
August 2021 Newsletter Posted. more
09/01/2021
Analysis
Updated: Argonaut Gold Inc
Argonaut Gold is a mid-tier producer focused in Mexico and North America. There is a lot to like about this company. Their production is currently 250,000 oz. They have three producing mines in Mexico and another in Nevada. All-in costs (free cash flow)... more
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