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[Deutsche Goldmesse @DtGoldmesse]

Deutsche Goldmesse Replays

Silver & Gold Production in Mexico | GoGold Resources Inc. $GGD.TO @GoGoldResources

Save the Date
May 16-17, 2025
https://t.co/253PDCatzW

https://t.co/RDfR5QbLFN

[Deutsche Goldmesse @DtGoldmesse]

The countdown to #DGM2024 is on!

We are pleased to announce GoGold Resources as the first company to be introduced for Deutsche Goldmesse Fall 2024!

Join us November 21 & 22 at the Westin Grand Frankfurt.

Investor Registration: https://t.co/lpSYNmPNwV

@GoGoldResources $GGD

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

Silver Tiger makes first appearance at the Denver Gold Forum in Colorado Springs

https://t.co/9iaNeAYAp9

#silvertiger #silver #gold #miningstocks #juniormining

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

Precious Metals Summit - Beaver Creek

https://t.co/IqsgEIxJaN

#silvertiger #silver #gold #tsxv #juniormining #miningstocks

[GoGold Resources: Silver & Gold @GoGoldResources]

$GGD $GGD.to

GoGold Resources CEO Brad Langille presents to the Precious Metals Summit, Beaver Creek last week in Colorado.

https://t.co/qJlEwxsC8A

#Gogold #silver #gold #miningstocks #TSX #juniormining

[Don Durrett - goldstockdata.com @DonDurrett]

My notes from the Beaver Creek Mining Conference. They are in no particular order. It is missing 4 names, which I will release later this week.

Note: I own all of the stocks mentioned in this post.

List of all Beaver Creek presentations

https://t.co/BveelJHtBB

NexGold Mining @NexGoldMining

Insiders: 30%+. Not likely to sell. Including 11% by Frank Guistra.

Strategy: 200K to 400K producer within 5-years via acquisitions (North America).

Goliath: 3M oz.

DFS: Q1 2025.

Permits: 2025 Q4.

Construction: 2026: 18-24 months.

PFS: $350M CAD capex for 110K oz at $1200 AISC. $940M CAD NPV at $2500 gold.

Already had term sheets for debt. Will be easy to finance at $2500 gold.

Exploration: 80,000 acres. Likely 4M oz deposit.

No mill within 250 kilometers (toll milling opportunity).

2.2% NSR. Can buyback half.

Currently valued at $15/oz. Prints as a 17-bagger at $3000 gold.

GSD Rating: 4/3/B+. Top 25. Favorites List.

Added comments: No red flags. If you want a bet that looks solid, then this is it.

Chesapeake Gold @Chesapeake_Gold

Metates has 19 million oz. of gold (.55 gpt), 500 million oz. of silver (15 gpt), and 4 billion lbs. of zinc.

No NSRs

Insiders (37%): Mgt 7%, Sun Valley 10%, Eric Sprott 13%, Alan Pangbourne (old CEO) 10%.

2024: Metallurgy completed.

2025: PFS. Begin Permitting. (previous PEA $360M capex for 15,000 tpd).

2026: DFS.

2027: Complete permitting. 18-months after PFS begins.

2028: Construction (18-month build).

2030: Production.

Potentially license their heap-leach technology prior to 2030 for income.

Lucy (Nevada): Another mine in the making. They will continue drilling.

GSD Rating: 4/2.5/B. Not a top pick because of the time until production.

Added comments: This is a very long term bet with production in 2030. This is for patient investors.

Hummingbird Resources @HUM_gold

Yanofolia open pit is a 1.8 million oz (2.5 gpt) deposit. $1600 AISC. 70K oz. 80K in 2025.

Kourousa 1.2M 50K oz at $1400 Q4. Next ramp up to 100K oz at $1250. 120K in 2025.

$155M debt. $45M due in Q4. Need to rollover. $85M due in 2025.

2025: 200K oz x (2500 - 1800) = $700 = $140M to $160M.

Cash: $1.5M.

June 2025: Should know that they are fixed. Mkt Cap should $300M+.

$150M FCF x 2 = $300M.

$150M FCF x 4 = $600M.

Currently trading at a 1.2 FCF multiple ($98M mkt cap vs $84M FCF).

Why the low multiple? Their balance sheet. They have a $45M debt payment in Q4 and only $1M in cash. Ouch. However, the bank that is owed the debt is a large shareholder and is unlikely to call the loan if they continue generating FCF at the current pace.

Dugbe (4M oz at 1.5 gpt): Owned by Pasofino Gold ($60M mkt cap). Hummingbird has a 51% equity stake. Deal likely in the making, whereby Dubge is sold. They could get
around $35M cash.

I'm hoping the Dugbe is not sold, but the odds don't look good.

This is a high-risk spec bet, but if they clean up their balance sheet by Q2 2025, they could fly.

Note: They trade in London and on the OTC pink sheets in the US. I keep telling them to support the US mkt. They plan to add an OTCQB listing soon.

GSD Rating: 4/2.5/B-. Risk High. Not a top pick because of the weak balance sheet.

Added comments: Avoid unless you are not risk-averse and want to bet on solid gold prices and that they don't have any problems at their mines.

Gogold Resources @GoGoldResources

LRS (Los Ricos South).

Underground mine.

PFS: Capex $200M to produce 8M oz (avg) over 12-years (begins at 10M oz yr) with $10 AISC. 400M NPV.

My estimated mkt cap for year 1 at $50 silver: 10m oz x ($50 - $20) = $300M FCF x 10 = $3B.

DFS: Due in Q4 2024.

Only drilled to 400M depth. Plan to drill to 700M.

Financing: 6 Term sheets. 11% at $125M to $150m. Easy to finance.

Plan to stream the copper.

Permits: EIS & Mine permit due in Q1 2025.

Potential construction: Q2 2025.

Build: 24 months: 30 months for full production.

Production: 2027.

LRN (Los Ricos North).

Open pit, but can be mined undergound (if necessary) at the same costs at LRS.

2025: Infill drilling and PEA.

2026: DFS.

Targeting same production as LRS (8M oz avg). However, it is a larger deposit.

LRS and LRN have huge exploration upside with 105 known targets on 50,000 acres.

After both mines are built, we can expect production to expand to 20M oz in the long term.

Let's conservatively use 18M oz to estimate their future valuation at $100 silver (if they achieve 18M oz of production):

18M oz x ($100 - $25) = $1.5B FCF x 1.35B x 15 = $20B

Strong insiders. Not likely to sell with so much upside potential.

GSR rating: 4/3/B+. Top 25. Favorites List.

Added comments: This might be the best silver development story. I don’t see any red flags.

Tudor Gold @TUDGoldCorp

Treaty Creek project.

880M Tons and growing in size (had two step out holes in 2023).

28M oz at 1.2 gpt AUEQ Indicated. Plus, 6M oz at 1.2 gpt Inferred.

They own 60% = 20M oz.

Insiders: 39% owned by two groups who are not selling early.

A large portion of the deposit is not refactory ore, but most is.

It will nearly all be mined using underground block caving, but does have a 3M oz open pit.

The largest portion (CS 600) has 500M tons with excellent metallurgy).

Let's do some math:

20M oz x $100/oz = $2B.

20M oz x $150/oz = $3B.

GSR rating: 3/3/B+. Top Pick. Favorites List.

Added comments: Not on the Top 25 list because the risk of being acquired or optioned.

If I was confident they would wait for $100/oz, they would have a higher rating and be on the Top 25. But this looks like an easy 3-bagger at $3K gold.

Aftermath Silver @AftermathSilver

Berenguela project in Peru.

140M oz AG at 140 gpt. Plus, enough manganese to have 500M oz AGEQ!

It also has copper and zinc. They recently had a 120-meter copper hole at 1% CU.

They already have a preliminary manganese offtake agreement.

The manganese is battery quality (99%) and is easily fertilizer quality (97%).

Fertilizer quality is currently $500/ton.

Battery quality is currently around $1500/ton.

They plan to do the PEA (2025) at $1000/ton to be conservative.

At fertilizer quality, they have 500M oz at 400 gpt AGEQ.

Let’s estimate their market cap at $100 silver (negative AISC using manganese, copper, and zinc offsets):

5M oz AG x $100 = $500M FCF x 15 = $7.5B

GSR rating: 4/3/B+. Top 25. Favorites List.

Added comments: I’m not sure if they can produce 5M oz of silver (PEA has not yet been released), or if the costs would really be negative, but it makes for some interesting estimates. Manganese is rare and they have a huge deposit that also includes a lot of silver. This is one valuable deposit. If management and shareholders are patient and don’t sell, this is worth a fortune at higher silver prices.

Banyan Gold @BanyanGold

7M oz. at .6 gpt. Growing to 8M to 9M. Their target it 10M oz.

18,000 acres. A lot of drill targets.

Good location in Canada (Yukon).

GSR rating: 25/3/B.

Added comments: This story is simple. They are valued at $6 per oz (at 8M oz, which they will find). it's silly cheap. It is low grade, but I still think it is worth at least $50 per oz, and perhaps $80 if they are patient.

Bunker Hill Mining

They are building a zinc/lead/silver mine in Idaho. Production is planned for Q1 2025.

It's a small resource of only about 14M tons, however they think they can find 150M oz of AGEQ.

In 1991, a study identified 59M oz at 11 opt based on historical drill results.

It has 160 kilometers of tunnels on 28 levels.

The Bunker Hill mine is famous and stopped mining in 1980. It operated for over 50 years.

They think they can find 150 million oz (10+ opt) AGEQ, including lead and zinc.

This is really a base metals mine, with only 1 opt silver. It's a high-grade zinc mine with 5% ZN and 8% ZN equivalent.

Let's do the math as a 2M oz silver producer at $100 silver:

2M oz x ($100 - $15) = $170M x 15 = $2.5B

GSR rating: 4/2.5/B-.

Added comments: This one is risky, but the upside is huge. They gave me a presentation as a zinc mine. I told them I don't care about your zinc, and showed them their valuation as a silver mine at $100 silver. The lead and zinc have enough revenue to make it a very low cash cost silver mine. If they produce 2M oz, the returns will be stunning at $100 silver. I like it a lot as a spec bet. All they need to do is keep the mine operating and wait for higher silver prices.

Honorable Mentions (random order)

Andean Precious Metals @AndeanPM
GSD Rating: 4/3/B. Top Pick.
Comment: Trading at less than 2x FCF. Generating a lot of cash. The risk-reward looks compelling.

Luca Mining @LucaMining
GSD Rating: 3.5/3/B. Top Pick.
Comment: They had some problems and the stock crashed. They have fixes those problems, but investors have stayed away. Trading at less than 2x FCF. The risk-reward looks compelling.

Cabral Gold
GSD Rating: 3/3/B. Top Pick.
Comment: They have 1.5M oz of surface gold in Brazil at 1 gpt. But the story here is the exploration potential on a large property with a lot of targets. This could easily be a 3M oz deposit and could larger. My worry is that they will sell it to their neighbor G Mining. But, if they grow into a 100K oz producers, it has a lot of upside potential.

i-80 Gold @i80GoldCorp
GSD Rating: 3/3/B+. Top 25.
Comment: I love their properties. The problem is the long wait for them to build at least 3 mines. They have 14M oz and that is growing. All they seem to do is report monster drill holes. I just hope they don't get taken out and grow into a large company.

Denarius Metals @DenariusMetals
GSD Rating: 3/3/B. Top Pick.
Comment: i was surprised how much I liked their presentation. I almost wrote it up, but they have some work to do to build 3 mines. I like their management team and potential. I consider this company a sleeper that nobody knows about.

Altamira Gold @AltamiraGold
GSD Rating: 2.5/3/B.
Comment: I generally don't like early drill stories, although it is also an optionality play with 700,000 oz at .8 gpt AU. Plus, it is actually much higher based on recent discoveries. They have 475,000 acres in Brazil, and are excited about their drill targets. This could be a big mine. And we might get lucky and they build it themselves (they are thinking about it).

Revival Gold @revivalgoldinc
GSD Rating: 4/3/B. Top Pick.
Comment: They have 3 mines to build and 5.5M oz of gold. There are a lot of gold development stories with large resources. What makes Revival special is that they have a capable CEO and the vision to take these 3 mines to production and reward shareholders. It will be a long wait, but the payoff should be significant.

Montage Gold @montagegoldcorp
GSD Rating: 3/3/B. Top 25.
Comment: They have a good team and good project, and very strong shareholders. They won't give this away after working so hard to build it. They are going to start at 400,000 oz of production, and they won't stop there. The mine is in West Africa, which will stop most of you from looking at it.

Talisker Resources @Talisker_Ltd
GSD Rating: 4/3/B. Top Pick.
Comment: There are many undervalued gold miners, and it's hard to find the gems. Talisker could be one. Their 18,000 acre Bralorne mine in Canada has 1.6M oz's and they plan to ramp up production to be a 100,000 oz producer in 2027. If they succeed, this stock is going to fly.

Skeena Resources @SkeenaResources
GSD Rating: 3/3/B+. Top 25.
Comment: I've always considered this one of the best gold development stories. They have a large high-grade open pit in Canada (those are rare). Plus, they have a nice pipeline. They could easily grow into a 500,000 oz producer. My only worry is that they will sell to a large company. I'm hoping they have the vision to build a large company. They haven't sold yet, so that's a good sign.

Kootenay Silver @KootenaySilver
GSD Rating: 2.5/3/B.
Comment: They are probably the most under the radar silver miner. Did you know they have 300M oz's and that total is growing? The problem is their grade an low and nobody is interested. However, as an optionality play, it is compelling.

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF
SILVER TIGER INTERSECTS 96.3 METRES OF 100.7 g/t SILVER EQUIVALENT IN THE STOCKWORK ZONE INCLUDING 1.2 METRES OF 4,894.1 g/t SILVER EQUIVALENT WITHIN THE HIGH-GRADE KEEL ZONE

https://t.co/QXb0LrW50Z

#silvertiger #silver #gold #TSXV #juniormining #miningstocks

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

The Deep Dive - Live from the Rick Rule Conference in Boca Raton, Florida

https://t.co/LdzfYgAurv

#silvertiger #silver #gold #juniormining #TSXV #miningstocks

[GoGold Resources: Silver & Gold @GoGoldResources]

GoGold Presents its 2023 Sustainability Report - https://t.co/PAILa48EYh

Full report available at https://t.co/yESUXp9AWv

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

The Watchlist

Today's Breaking News EXPLAINED by Company Insiders

https://t.co/MJgT57dawd

#silver #gold #tsxv #juniormining #miningstocks

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

SILVER TIGER INTERSECTS 1.0 METER OF 12,851.5 g/t SILVER EQUIVALENT - https://t.co/Yc2jqSRUBL

#silvertiger #silversqueeze #gold #juniormining #miningstocks #TSXV

[GoGold Resources: Silver & Gold @GoGoldResources]

$GGD $GLGDF

GoGold Reports Quarterly Production at Parral of 375,745 Silver Equivalent Ounces

https://t.co/Ft0oorLwL3]

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

SILVER TIGER PROVIDES UPDATE ON PROGRESS OF PRE-FEASIBILITY STUDY - https://t.co/VtVPaXrSRt

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

Silver Tiger Metals to Present at the Battery & Precious Metals Virtual Investor Conference January 30th

DATE: January 30th
TIME: 11:30 AM ET
LINK:https://t.co/orfyg8EHry
Available for 1x1 meetings: January 30th & January 31st

[GoGold Resources: Silver & Gold @GoGoldResources]

$GGD $GLGDF

Bradley Langille of GoGold Resources Inc. presents at Metals Investor Forum | January 19-20, 2024

https://t.co/RwPuTHw3m4

#gogold #gold #silver #tsx #juniormining #miningstocks

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

Top 3 🐯

[GoGold Resources: Silver & Gold @GoGoldResources]

$GGD $GLGDF
#1 on the list 👇

[GoGold Resources: Silver & Gold @GoGoldResources]

$GGD $GLGDF
👇

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

SILVER TIGER PROVIDES 2023 SUMMARY AND 2024 OUTLOOK - https://t.co/ROYKmEmpzD

#silvertiger #silver #gold #tsxv #juniormining #miningstocks

[Silver Tiger Metals Inc. @SilverTigerMtls]

$SLVR $SLVTF

OTC Markets Clean Energy & Precious Metals Investor Conference - https://t.co/l4XrU1po2A

#silvertiger #silver #gold #TSXV #juniorminining #miningstocks