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News from June 2023

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06/30/2023
Analysis  
Updated: Carawine Resources Ltd
Carawine Resources is a project generator focused in Australia. They have three gold projects but their main focus is the Oakover base metals project in which they have a 25% JV on the Flanagan Bore manganese prospect. Other than that, their main gold...  more
06/30/2023
Analysis  
Updated: Atico Mining Corp
Atico Mining is a small copper/gold producer in Colombia (El Roble). El Roble is primarily a copper project, but it is a marginal operation with limited reserves, necessitating further exploration to sustain its operation. Their projected output for 2023...  more
06/28/2023
Analysis  
Updated: Falcon Gold Corp
Falcon Gold is a project generator focused in Canada, Argentina, and Chile. They have 18 properties with many projects in Canada, one in Chile, and one in Argentina. They are all early exploration without a significant discovery. They appear to have...  more
06/27/2023
Analysis  
Updated: Silver Lake Resources Ltd..
Silver Lake Resources is a mid-tier gold producer in Australia and Canada. They are producing 265,000 oz with break-even costs around $1450 per oz. They have three producing properties (Mt Monger, Deflector, and Sugar Zone). There first two listed are in...  more
06/26/2023
Analysis  
Updated: Talisker Resources Ltd
Talisker Resources is advancing a large gold project (Bralorne) in British Columbia. It is fully funded via a $31M gold stream and permitted. They are giving guidance to begin production in 2024. That’s the good news. The bad news is they do not have...  more
06/25/2023
Analysis  
Updated: Lavras Gold Corp
Lavras Gold is a new company formed as a spinout after Amarillo Gold was acquired by Hochschild. It was formed by the Amarillo Gold management team. Thus, they know how to advance a project to a construction decision in Brazil. They have one project (  more
06/25/2023
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
06/24/2023
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 2 properties on ~700,000 acres and they have an application to expand that to about 1 million acres. Their...  more
06/24/2023
Analysis  
Updated: Probe Gold Inc
Probe Metals has a 5 million oz deposit in Ontario (Val d'Or East). It is half open pit and half underground. They drilled 160,0000 meters in 2022, so it will grow in size. They released a PEA in 2021 with a capex of $280 million (likely to exceed $300...  more
06/23/2023
Interview  
Don Interviewed by Rob Kientz of Gold Silver Pros
https://t.co/6xKyCJRam8  more
06/23/2023
Analysis  
Updated: Carolina Rush Corp
Carolina Rush Corp (previously Pancon Resources) is a project generator with two projects in South Carolina. Their Brewer-Jefferson property (2,500 acres) was a past-producing mine in 1995. They had two gold discovery holes (180 meters at 1.2 gpt, 115...  more
06/23/2023
Analysis  
Updated: Trailbreaker Resources
Trailbreaker Resources (formerly Goldstrike Resources) is a project generator in western Canada. They are currently focusing on their Atsutla project (100,000 acres), which is comprised of two properties (Willie Jack and Swan). They are looking to follow...  more
06/22/2023
Analysis  
Updated: Solgold Plc
Solgold has a very large copper/gold project (Cascabel-Alpala) in Ecuador. It has 26 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 of gold annually at very low cash costs using copper...  more
06/21/2023
Analysis  
Updated: NGEx Minerals Ltd
NGEx Minerals has a huge copper/gold project (Los Helados) in Chile. They own 67%. It has 17 billion lbs of copper, plus a large amount of gold (13 million oz) and silver (92 million oz). However, the grades for gold (.15 gpt) and silver (1.5 gpt) are...  more
06/21/2023
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
06/21/2023
Analysis  
Updated: Pantoro Ltd
Pantoro Ltd is a small gold producer in Australia. Currently, they are producing around 20,000 oz (Halls Creek). They are developing the Norseman project, which has a 2 million oz underground and 2 million oz open pit project (then own 50%). Both are...  more
06/20/2023
Analysis  
Updated: Tesoro Gold
Tesoro Gold (previously Tesoro Resources) is advancing a gold project in Chile. They have a significant gold discovery (El Zorro) that they are drilling. It is a new discovery with a resource of 1.4 million oz at 1.2 gpt. It appears to be a 2+ million oz...  more
06/19/2023
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 focused mainly on the Del Norte and...  more
06/19/2023
Analysis  
Updated: Defiance Silver Corp
Defiance Silver has a high-grade silver discovery in Mexico. In 2011, then obtained a $5.5 million option to purchase the historic San Acacio mine in the Zacatecas Silver District (I'm not sure if the remaining $4.6 million has been paid). They have been...  more
06/18/2023
Analysis  
Updated: Endeavour Mining Corp
Endeavour Mining is a large gold producer in West Africa, with 6 operating mines in 3 countries. Their market cap has jumped to $6.5 billion, so they aren't cheap anymore. They are producing 1.4 million oz with all-in costs (free cash flow) around $1350...  more
06/18/2023
Analysis  
Updated: Metallic Minerals Corp
Metallic Minerals (previously Monster Mining) is a new project generator in Canada (Yukon). They have a silver discovery (Keno Hill) that is adjacent to Alexco's large high-grade silver deposit. It's on 27,000 acres and they have identified more than a...  more
06/18/2023
Analysis  
Updated: Fortitude Gold Corp
Fortitude Gold is a new company based in Nevada. They are producing 40,000 oz and are profitable with all-in costs around $1300 per oz. Plus, they have a strong balance sheet with $53 million in cash with no debt. They have low resources, but 5...  more
06/17/2023
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
06/17/2023
Analysis  
Updated: Rokmaster Resources Corp
Rokmaster Resources is trying to build a large gold mine in British Columbia. They are currently working on a new PEA following their 2020 PEA, which outlined a 120,000 oz (AUEQ) operation with AISC at $850 (AuEq). The AuEq figure includes silver, zinc,...  more
06/16/2023
Analysis  
Updated: 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. Both properties are next to each other, with 35,000 acres. They have a lot of drill...  more
06/16/2023
Analysis  
Updated: 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
06/15/2023
Analysis  
Updated: Condor Resources Inc
Condor Resources is a project generator focused in Chile and Peru. They have 12 properties and 2 JVs, all of which are early-stage exploration. Currently, they are drilling two projects (Pucamayo and Quriurqu). They have an FD market cap of $42 million...  more
06/15/2023
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 sell for a small premium, but that seems unlikely. This is a...  more
06/14/2023
Analysis  
Updated: Southern Cross Gold Ltd
Southern Cross Gold is a new project generator focused in Australia. They were a spinout of Mawson Gold, which owns 60% of the shares. Mawson only drilled 26 holes at Sunday Creek and decided to do a spinout to get the most value. This happens often with...  more
06/14/2023
Analysis  
Updated: Oceanagold Corp
OceanaGold is a large mid-tier producer. They have 14 million oz in resources (1.4 gpt) and will produce 475,000 oz in 2023 with all-in costs (break-even) around $1650 per oz. Break-even costs should drop to around $1500 per oz in the next couple of...  more
06/13/2023
Analysis  
Updated: Sarama Resources Ltd
Sarama Resources is advancing a large gold project in West Africa (Burkina Faso). Sanutura (350,000 acres) is a 2.9 million oz deposit at 1.5 gpt that is growing in size. It will get built, but there is no PEA yet, so it will take about 4-5 years until...  more
06/13/2023
Analysis  
Updated: Great Pacific Gold Corp
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 acres and are drilling aggressively. They are drilling Lauriston (150,000...  more
06/12/2023
Analysis  
Updated: Mayfair Gold Corp
Mayfair Gold is a new company that acquired an advanced gold project (Fenn-Gib) from Pan American Silver. It is a 3 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 be...  more
06/12/2023
Analysis  
Updated: Snowline Gold Corp
Snowline Gold is a new project generator focused in Canada. They have 7 properties in the Yukon (700,000 acres). In 2021 and 2022 they released some good drill holes at Jupiter (6 meters at 14 gpt) and Valley (135 meters at 1.1 gpt), and investors bid up...  more
06/11/2023
Analysis  
Updated: Silvercorp Metals Inc
Silvercorp Metals is a Canadian-based company with several silver mines in China. They have large resources with 350 million oz at 200 gpt. Their cash costs are around $7 per oz (after using base metals for offsets). All-in costs for silver are about $16...  more
06/11/2023
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 still have $135 million in debt. They have one of the largest gold/silver mines in the world. It’s about half...  more
06/11/2023
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 in Mexico that could have a large high-grade mine. The first one is GuiGui, which is next to several large mines...  more
06/11/2023
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, 2020 and 2021. Although...  more
06/10/2023
Analysis  
Updated: Emerita Resources Corp
Emerita Resources has a large historical resource (Aznalcollar) in Spain. It is 70 million tons at 60 gpt, plus high grade zinc and lead. It is likely an economic mine. Eric Sprott invested and owns 10% of the shares, plus 14% on a diluted basis. It...  more
06/10/2023
Analysis  
Updated: Matador Mining Ltd
Matador Mining is advancing two gold projects in Newfoundland, Canada. Their flagship project is Cape Ray, which has a PEA in place to commence mining at a rate of 80,000 ounces annually, with cash costs of only $700 per ounce. It is a high-grade open...  more
06/09/2023
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. Their company presentation is very thorough with all of the targets they have...  more
06/09/2023
Analysis  
Updated: Antipa Minerals Ltd
Antipa Minerals is a project generator in Australia. They have Four large (1 million acres) properties. Three are JVs and Minyari Dome could be a development project. It has 1.8 million oz (1.6 gpt), plus copper offsets. They plan to do a PFS in march...  more
06/09/2023
Analysis  
Updated: Badlands Resources Inc
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. Their main focus is the Rochford project (7,500 acres). It is 15 miles south...  more
06/09/2023
Analysis  
Updated: Max Resource Corp
Max Resource Corp has 2 projects (one in Colombia and one in Peru). Their flagship prospect is the Cesar Copper-Silver project (250,000 acres) which they believe could become a new Kupferschiefer discovery, similar to the huge deposits in Europe. The...  more
06/09/2023
Analysis  
Updated: Zonte Metals Inc
Zonte Metals is a project generator focused in Canada. They have a property (McConnells Jest) in the Yukon (7,500 acres) that is located next to Victoria Gold and Alexco Resources. It's in a good location and samples have been good, but they haven't...  more
06/08/2023
Analysis  
Updated: TRX Gold Corp
TRX Gold (formerly Tanzanian Gold Corp) is small producer in East Africa at (Buckreef) in Tanzania (4,000 acres). They are producing 25,000 oz (their share) at around $850 cash costs, and plan to double production in 2024. It's a 2 million oz (1.5 gpt)...  more
06/08/2023
Analysis  
Updated: Elemental Altius Royalties Corp
Elemental Altus Royalties is a royalty company. They successfully fought off a hostile takeover attempt from Gold Royalty Corp and created a merger of equal with Altus Strategies in August 2022. They spun off their copper portfolio in October 2022 and...  more
06/08/2023
Analysis  
Updated: Barsele Minerals Corp
Barsele Minerals was created from a spin-out from Orex Minerals. They have a single project, which is the Barsele gold project in Sweden. It is currently a 2.4 million oz (2.4 gpt) open pit and underground project. They had a JV with Agnico Eagle, who...  more
06/08/2023
Analysis  
Updated: Rugby Resources Ltd
Rugby Mining is a project generator. They are currently focused on a copper/moly project (Cobrasco) in Colombia. They just started a phase one drilling program there. This was discovered in the 1980's but never drilled by previous companies for some...  more
06/08/2023
Analysis  
Updated: Silver Mines Ltd
Silver Mines Ltd is trying to become a mid-tier silver producer. Their Bowdens project (500,000 acres) is the largest undeveloped silver project in Australia (170 million oz). It is low grade (60 gpt), but has zinc and lead offsets (400 million oz AGEQ)....  more
06/08/2023
Analysis  
Updated: Impact Minerals Ltd
Impact Minerals is a project generator focused in Australia. They have multiple gold projects but for the moment their main focus are the Ni-Cu-PGM and lithium projects. Their recent focus has been on a high grade Alumina project, that is low carbon with...  more
06/08/2023
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. They added 3 projects in the Yukon (Groundhog, Hy and Plata) and 3 more recently,...  more
06/06/2023
Analysis  
Added: Wildcat Resources Ltd
Wildcat Resources is a project generator focused in Australia. They are drilling a gold discovery (Mt Adrah) in New South Wales on 125,000 acres. It is a 770,000 oz (1 gpt) deposit that is growing in size. It is early still early exploration without a...  more
06/06/2023
Analysis  
Updated: Bonterra Resources Inc
BonTerra Resources is trying to become a mid-tier producer in Canada. They acquired Metanor Resources in 2018 and have plans to become a mid-tier producer. They have 3 properties with a combined 3+ million oz and a mill in Quebec. They have 4 drills...  more
06/04/2023
Analysis  
Updated: Lahontan Gold Corp
Lahontan Gold is a new exploration company focused in Nevada. They have three properties that are all early exploration. Santa Fe (4,500 acres) has a past producing open pit, so it is a brownfield property that should be easy to permit. It has a...  more
06/04/2023
Analysis  
Updated: Golden Shield Resources Inc
Golden Shield Resources is a project generator focused on South America, with three gold projects in Guyana. Their primary focus appears to be Marudi, a 13,000-acre property. Marudi currently holds a resource of 350,000 ounces (at a grade of 1.8 grams...  more
06/04/2023
Analysis  
Updated: Barton Gold Ltd
Barton Gold is a new Australian gold developer that did its IPO in 2021. They have two very large properties in South Australia, plus a mill. Tunkillia (300,000 acres) has a 1.1 million oz (1 gpt) open pit deposit that is being advanced to production....  more
06/03/2023
Analysis  
Updated: NewPeak Metals Ltd
NewPeak Metals (previously Dark Horse Resources) is a project generator with four gold projects on three continents. They have two early exploration gold projects in Argentina (51% in Las Openas and 35% in Cachi), one project in Finland (Tampere), and...  more
06/01/2023
General  
May 2023 Newsletter Posted
May 2023 Newsletter Posted.  more


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