| TOP PICK | | Red Back Mining Inc | RBI-T | 7.740 | 2008 production, including the Tasiast mine, of about 250,000 ounces per annum . Also have a lot of extensional new pits and exploration potential of depth. Have a new underground high-grade discovery. | 2008-01-03 | |
| TOP PICK | | San Gold Corporation | SGR-X | 1.460 | Project is in Manitoba. This is a really interesting geology story. | 2008-01-03 | |
| TOP PICK | | Andean Resources | AND-T | 1.890 | And exploration project in Argentina. Not cheap. The best part of this project is the Eureka West zone, where they are pulling out some fantastic holes. Has the potential of being a 3 to 5 million-ounce deposit and ultimately 10 million. | 2008-01-03 | |
| PAST TOP PICK | | Osisko Exploration Ltd. | OSK-T | 6.150 | (A Top Pick Apr 20/07. Up 14.1%.) Gold. Malartic open pit low-grade deposit in Quebec. Has over 8,000,000 ounces in resources. Because of location, they have power, labour, etc. of infrastructure already. | 2008-01-03 | |
| PAST TOP PICK | | Aurelian Resources Inc | ARU-T | 8.230 | (A Top Pick Apr 20/07. Down 6.3 %.) Probably the best gold discovery of this cycle. He is comfortable in investing in Ecuador. Probably over 13.7 million ounces at a really good grade. | 2008-01-03 | |
| PAST TOP PICK | | Agnico-Eagle Mines | AEM-T | 58.010 | (A Top Pick Apr 20/07. Up 38.3%.)One of the premier gold companies in production. Going through a new wave of growth with production increasing over the next 4 years from 250 thousand ounces yearly to about 1.3 million ounces. | 2008-01-03 | |
| HOLD | | Augusta Resource | AZC-T | 4.100 | Good copper deposit in Tucson, Arizona with over 10 billion pounds. Expect to be producing by 2011. Also silver and molybdenum by-products. Silver Wheaton (SLW-T) will be buying silver from them. | 2008-01-03 | |
| Comment | | Niolgold Mining | NOX-X | 0.285 | Have some claims around the Malartic gold play in Quebec around the Osisko (OSK-T) deposits. Doesn't think they have started drilling it yet. | 2008-01-03 | |
| BUY | | Detour Gold | DGC-T | 12.750 | Property, near Timmins Ontario, has the potential of being a 10 million ounce deposit. Lower grade open pit at around 1.6/1.7 g per ton. Still some upside. | 2008-01-03 | |
| BUY | | Paladin Resources | PDN-T | 6.180 | He is bullish on uranium. This is probably a good entry point. Great management. | 2008-01-03 | |
| DON'T BUY | | NovaGold Resources Inc | NG-T | 10.330 | Has no idea why the stock has gone up so much. Capital costs where a lot higher then expected on the Galore Creek project. This caused the 50% drop in stock price. Their other property is in Alaska, which could be expensive. | 2008-01-03 | |
| HOLD | | Geologix Explorations Inc | GIX-X | 2.460 | Still in early stage exploration, but results so far are quite positive. Have to see how drilling goes, but he is bullish enough on it to Hold. Future results could result in Buying more. | 2008-01-03 | |
| HOLD | | Australian Solomons Gold | SGA-T | 0.740 | Re-start of a mine in the Solomon Islands. It’ll be another year. Went through some management changes last year, which affected the stock price. Good exploration results as they are drilling in a high-grade area. Have been pulling some really nice holes out of it. You’ll have to be patient over the next year. | 2008-01-03 | |
| DON'T BUY | | Tahera Corp | TAH-T | 0.130 | Diamond stocks are not necessarily a cakewalk. This is a story where a mine was put into production in the North West Territories, but costs were a lot higher than expected and the company ran into cash flow problems and the grade was not what they expected. | 2008-01-03 | |
| Comment | | Christopher James Gold Corp. | CJG-X | 0.180 | Had been drilling in B.C. and pulling out some nice drill holes, but it turned out the zone was pretty much confined near surface. There are a couple of other zones they can still drill that might have something. He sold his holdings. | 2008-01-03 | |
| HOLD | | Eldorado Gold | ELD-T | 6.180 | Had to suspend their Turkish operations. Suit has to be reviewed by the courts. Be patient. He thinks they will get through this. Also have a gold mine in China and another mine in Turkey. | 2008-01-03 | |
| DON'T BUY | | Nautilus Minerals Inc. | NUS-T | 3.840 | This is one of those companies that he won’t believe it until he sees it. Dealing with mining on the ocean floor requiring new technology. | 2008-01-03 | |
| DON'T BUY | | Yukon-Nevada Gold Corp. | YNG-T | 1.600 | New CEO. Haven’t followed it too closely. Had been a fan of their Yukon project, but not of Nevada. Now looks at it as a mediocre type of investment. | 2008-01-03 | |
| DON'T BUY | | New Gold Inc. | NGD-T | 5.190 | High-grade copper ore body in British Columbia, but you are looking at something that might require a bulk mining method. Not sure where the capital costs will lie. | 2008-01-03 | |
| TOP PICK | | Aurelian Resources Inc | ARU-T | 8.480 | (A Top Pick Feb 12/07. Up 34.6%.) Southwestern Ecuador. One of the best exploration discoveries in this cycle. Low-cost operation. Extremely high grade. | 2007-11-16 | |
| TOP PICK | | Aurizon Mines | ARZ-T | 3.920 | Really good project in northern Quebec. Will be producing at a rate of about 160,000 ounces a year. Catch costs of around $280 an ounce. Has another discovery called Joanna near Rouyn-Noranda, Quebec and is likely to be a very large open pit bulk mining gold. Undervalued on the Casa Berardi mine alone. | 2007-11-16 | |
| TOP PICK | | Osisko Exploration Ltd. | OSK-T | 5.980 | Currently an 8.4 million ounce project. 15 drill rigs are committed to this property. | 2007-11-16 | |
| PAST TOP PICK | | Alexco Resource Corp. | AXR-T | 5.550 | (A Top Pick Feb 12/07. Down 11.3%.) One of the highest grade silver camps in the world. In the Yukon. Still a Buy. | 2007-11-16 | |
| PAST TOP PICK | | Christopher James Gold Corp. | CJG-X | 0.195 | (A Top Pick Feb 12/07. Down 73.2 %.) Project in British Columbia did not work out. A couple of zones can still be drilled which would give them a chance of recovery. Sold his holdings. | 2007-11-16 | |
| BUY | | Eldorado Gold | ELD-T | 5.480 | A lot of the price performance will depend on the outcome in Turkey. Thinks it will be okay. Also have a backup in their Tanjianshan operation in China. Very attractive at this level and could retest the old highs. | 2007-11-16 | |
| HOLD | | Palmarejo Silver and Gold Corp. | PJO-X | 10.500 | Being taken over by Coeur D'Alene (CDM-T). If you own, tender your shares. | 2007-11-16 | |
| Comment | | Western Gold Fields | WGI-T | 3.430 | Redeveloping an old mine. Construction is about 80% complete now. It would be a good quality levered name to the gold price. Undervalued. Fairly low grade, which can create volatility. He prefers higher grades. | 2007-11-16 | |
| DON'T BUY | | Northern Dynasty Minerals Ltd | NDM-T | 11.650 | Massive project in Alaska. Basically copper. Combination of open pit and underground. It needs long-term copper prices higher than $1.50 a pound for the open pit. Such a massive project; it will take years and years before it goes into production. Not a fan. His target is $8.25. | 2007-11-16 | |
| Comment | | San Anton Resource Corp | SNN-T | 1.100 | Fairly low grade giving you leverage to the commodity prices. Appears undervalued but prefers higher grades. | 2007-11-16 | |
| BUY | | San Gold Corporation | SGR-X | 1.380 | Located in Manitoba (rated the best mining jurisdiction in the world). A gold mine that is back in production. Looking at 50,000 ounces a year and ramping up to 100,000 next year. High-grade ore. Officially about 8 g per ton. Lack of skilled labour is a hindrance. | 2007-11-16 | |
| BUY | | Detour Gold | DGC-T | 9.820 | Large tonnage, lower grade open pit near Timmins. Right now its exploration as they are still expanding the size of the deposit. Results are looking very good. Production probably in 3 years. | 2007-11-16 | |
| Comment | | Mindoro Resources Ltd. | MIO-X | 0.670 | He avoids investing in the Philippines. Political jurisdiction is not the best in the world. | 2007-11-16 | |
| BUY | | Goldcorp Inc | G-T | 31.320 | 3rd largest old company in the world. Acquisition of Glamis was fairly dilutive on their balance sheet. When the production starts up in Mexico, things should return to normal. Looks good on a net asset basis. Likes the deal they did with Kinross (K-T). | 2007-11-16 | |
| BUY | | Gold Eagle Mines Ltd. | GEA-T | 7.500 | Directly adjacent to Goldcorp’s mine (G-T) in Red Lake and have 5 drills working this site. There is a potential to expand the deposit. Very good hold long-term. | 2007-11-16 | |
| BUY | | Iamgold Corp | IMG-T | 8.730 | About 25% of their cash flow last year came from niobium (a metal to strengthen steel) out of Quebec. Thinks their 4th quarter cash flow will be even better. Also has gold in Ecuador and Surinam. | 2007-11-16 | |
| BUY | | Premier Gold Mines | PG-T | 2.850 | (Market Call Minute) Red Lake Ontario area. Good exploration. High risk. | 2007-11-16 | |
| BUY | | Harry Winston Diamond Corp. | HW-T | 37.950 | (Market Call Minute) There won't be a huge amount of upside. | 2007-11-16 | |
| BUY | | Agnico-Eagle Mines | AEM-T | 49.500 | (Market Call Minute) Still one of his favourites. Expanding their production from 250,000 ounces to about 1.2 – 1.3 million ounces over the next 3 years. | 2007-11-16 | |
| TOP PICK | | Agnico-Eagle Mines | AEM-T | 50.900 | Excellent wave of growth ahead of it. Annualized production of gold will go from 225000 ounces a year to 1.25 million over the next 4 years. Building 5 mines in Finland, Nunavut, Mexico and Quebec. Excellent technical team. | 2007-09-06 | |
| TOP PICK | | Osisko Exploration Ltd. | OSK-T | 5.400 | Quebec gold mine. They are drilling a bulk tonnage, low grade deposit. Already have. 8.5 million ounces discovered and should be able to add 1 or maybe 3 or more million ounces over the next 6 months to a year. | 2007-09-06 | |
| TOP PICK | | Dynasty Metals & Mining Inc. | DMM-T | 8.340 | A new emerging producer. Developing 3 projects in Ecuador. Zaruma project is expected to go into production in Q1 of next year. Between the 3, they have about 4.5 million ounces. Have all their permits in place on the Zaruma project. | 2007-09-06 | |
| WEAK BUY | | Yamana Gold Inc. | YRI-T | 13.110 | Trying to acquire Meridian Gold (MNG-T), who are strongly opposing the bid. Have built up their company through acquisitions while Meridian has done theirs through exploration. Expect the offer will expire, which would make it a good short-term buy. | 2007-09-06 | |
| Comment | | Meridian Gold | MNG-T | 33.680 | Yamana Gold (YRI-T) trying to acquire. Management/shareholders are opposed. Grew through exploration while Yamana grew through acquisitions. Have a number of projects that are not being recognized by the market. Possibly has some other suitors. | 2007-09-06 | |
| Comment | | Eldorado Gold | ELD-T | 5.690 | The biggest call you've got to make is the reopening of their mine Turkey in terms of the political situation. Feels it will be resolved before the end of October. | 2007-09-06 | |
| PAST TOP PICK | | Aurelian Resources Inc | ARU-T | 6.900 | (A Top Pick Oct 4/06. Down .05%.) Ecuador. Still loves it. One of the best gold discoveries of this cycle. Resource should be coming out and believes it will be in excess of 10 million ounces in all categories. Undervalued. | 2007-09-06 | |
| PAST TOP PICK | | Aurizon Mines | ARZ-T | 3.520 | (A Top Pick Oct 4/06. Up 15.7%.) Northwestern Quebec. Still likes it a lot. In production. | 2007-09-06 | |
| PAST TOP PICK | | Reunion Gold Corporation | RGD-X | 1.140 | (A Top Pick Oct 4/06. Down 26%.) Surinam. Very good geology. Initial results had half the holes with hits. Mineralization lower than expected with their focus of higher grade on the lower great deposit. The bigger story will be the lower grade bulk tonn | 2007-09-06 | |
| DON'T BUY | | Kinross Gold | K-T | 13.950 | Has been a laggard. Mid-cap company. Assets are not the most enticing except for a couple they acquired through Bema Gold. There is also the Russian political risk, but he feels they are okay in this situation. The stock will give you leverage with the g | 2007-09-06 | |
| BUY | | Silvercorp Metals Inc. | SVM-T | 19.150 | One of the highest grade silver projects in the world. Have a lot of good exploration upside. Feels management can navigate through the Chinese system successfully. Looking to do a split, 1 for 3. He doesn't see any reason for this. | 2007-09-06 | |
| BUY | | Geologix Explorations Inc | GIX-X | 1.650 | Have property in Mexico and have pulled some outstanding holes. One was 243 m with 7 g per ton. Still at a “wait and see” stock, but have the right sense of discovery. | 2007-09-06 | |
| STRONG BUY | | San Gold Corporation | SGR-X | 1.350 | Rice Lake mine in Manitoba. Had a recent merger, which was able to consolidate the belt and will be mining from several different zones. Good management. Exploration results have been excellent. One fabulous intercept at about 6.35 m, grading just over 1 | 2007-09-06 | |
| HOLD | | High River Gold Mines | HRG-T | 2.680 | Assets in Russia. A solid hold. | 2007-09-06 | |
| Comment | | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Micro Cap Golds - Junior exploration companies got hit very hard with the subprime debacle because people were running from anything that had perceived risks attached. Still in the midst of a very choppy market and a mid-caps and large companies are goin | 2007-09-06 | |
| Comment | | Christopher James Gold Corp. | CJG-X | 0.470 | Ranch project in B.C. is a good one. Had some excellent drill results. Pending exploration results should be coming out shortly. | 2007-09-06 | |
| Comment | | Western Gold Fields | WGI-T | 2.720 | The old Mesquite mine in California, which is being put back in production. Fairly low grade, which gives you fairly tight profit margins. Slightly undervalued. | 2007-09-06 | |
| BUY | | Iamgold Corp | IMG-T | 8.050 | Still getting through digesting the Cambior acquisition. Had some operational difficulties. There are a few sources of upside including 1) Westwood discovery, which will extend the life of the Doyon mine 2) niobium mine in Quebec with their long-term con | 2007-09-06 | |
| Comment | | Axmin Inc | AXM-X | 0.970 | Sold his holdings because of the ongoing perceived political risk discount, which he believes is being applied to the stock. Undervalued. | 2007-09-06 | |
| SELL | | Gammon Lake Resources | GAM-T | 8.480 | Good new management team. Their project is somewhat challenged. They are dealing with an open pit mine that is exhausted and are planning on extending the underground, which will be expensive. Would look elsewhere. | 2007-09-06 | |
| DON'T BUY | | Lake Shore Gold | LSG-T | 1.570 | Just released good results on their Thunder Creek project, but their feasibility studies did not meet market expectations. Had higher capital and operating costs. Hasn't had a chance to review the revised feasibility results. | 2007-09-06 | |
| BUY | | Benton Resources | BTC-X | 1.370 | Have added some very good exploration projects since his last comments. Interesting exploration company with good management. | 2007-09-06 | |
| DON'T BUY | | Golden Star Resources | GSC-T | 3.610 | Chang in management caused the last dip. Projects are located in Ghana, which doesn't have a developed infrastructure creating a lot of power interruptions. Also a lot of metallurgical problems. Would look elsewhere. | 2007-09-06 | |
| BUY | | Freeport McMoran Copper & Gold | FCX-N | 91.700 | One of the largest copper stocks in the US. Cash flow because of the high copper prices should expand over the next few years. | 2007-09-06 | |
| BUY | | Stornoway Diamond | SWY-T | 0.750 | Have interesting pipes in Québec. Target is $1 so there is some upside. | 2007-09-06 | |
| DON'T BUY | | Shore Gold Inc. | SGF-T | 4.600 | Diamond stocks are difficult. Star kimberlite in Saskatchewan is one of the largest in the world, but also quite low grade. To him, the profit margin per ton looks a little on the skinny side. Very truly a “show me” story. May have been beaten up a littl | 2007-09-06 | |
| TOP PICK | | Aurelian Resources Inc | ARU-T | 27.230 | Loves this one.
They've made a significant discovery. North of 10 million ounces.
Very undervalued.
Political risks are dropping.
Paid around $20 per share. | 2007-06-14 | |
| DON'T BUY | | NovaGold Resources Inc | NG-T | 15.910 | 2 participle projects.
Is neutral on the company.
At best a hold. | 2007-06-14 | |
| BUY | | Eldorado Gold | ELD-T | 6.120 | Very good projects, in Turkey and China.
Great company, solid management.
| 2007-06-14 | |
| HOLD | | Australian Solomons Gold | SGA-T | 1.060 | Project that was previously operated in the 1990's, was closed due to political problems. Is now putting it back into production. Current financing is to repair production. It will gain after production starts.
Still owns. | 2007-06-14 | |
| TOP PICK | | Aurizon Mines | ARZ-T | 3.410 | Market cap of over 1/2 billion dollars. Very undervalued. Also have a new discovery.
| 2007-06-14 | |
| HOLD | | Western Gold Fields | WGI-T | 2.140 | A bit more risk, but a high leverage to the gold price. Is undervalued.
| 2007-06-14 | |
| WATCH | | Tyler Resources Inc | TYS-X | 0.780 | Developing a project in Mexico. In the early stages. He's keeping an eye on it, but it's copper, not precious metals. | 2007-06-14 | |
| SPECULATIVE BUY | | Centamin Egypt | CEE-T | 1.020 | Is in Egypt, so he doesn't like the risk. But it's very interesting. Low grade, but it's an open pit. Conservative target of $1.25. | 2007-06-14 | |
| TOP PICK | | Osisko Exploration Ltd. | OSK-T | 6.200 | A great exploration project, in Quebec. Gold occurs in the sediments.
Purchased recently between $8 and $11. | 2007-06-14 | |
| DON'T BUY | | Kinross Gold | K-T | 13.670 | Solid mid-cap company that will track the gold price. Appropriately priced, maybe slightly undervalued.
Other more solid mid-caps are available. | 2007-06-14 | |
| BUY | | Dynasty Metals & Mining Inc. | DMM-T | 5.800 | A couple of projects down in Ecuador.
The construction permits have been obtained, but construction is just starting.
Risk is political.
| 2007-06-14 | |
| TOP PICK | | Osisko Exploration Ltd. | OSK-T | 10.760 | (A Top Pick June 29/06. Up 147%.) Uncovered a significant large tonnage, low-grade, open pit deposit in northern Quebec. | 2007-04-20 | |
| TOP PICK | | Aurelian Resources Inc | ARU-T | 35.100 | Ecuador. One of the best gold discoveries of the cycle. | 2007-04-20 | |
| TOP PICK | | Agnico-Eagle Mines | AEM-T | 42.170 | Huge growth profile. | 2007-04-20 | |
| PAST TOP PICK | | Alexco Resource Corp. | AXR-T | 6.190 | (A Top Pick June 29/06. Up 122%.) Likes this one a lot. Drilling in the Yukon. Expect exciting exploration results from them. | 2007-04-20 | |
| PAST TOP PICK | | Capstone Mining Corp. | CS-T | 2.500 | (A Top Pick June 29/06. Up 62%.) Have a 90% holding in a Mexican project. About 850,000 oz. of silver, 900,000 ton of copper, 4000 ton of zinc. Robust cash flow. | 2007-04-20 | |
| BUY | | Detour Gold | DGC-T | 5.100 | Can see more upside. | 2007-04-20 | |
| BUY | | Goldcorp Inc | G-T | 28.800 | The larger gold companies have suffered in this market. This is a good time to be considering them. Can see a lot of growth coming out of this company. | 2007-04-20 | |
| HOLD | | Fronteer Development Group | FRG-T | 15.310 | Feels this stock is fairly priced right now. Have a 47.2% controlling interest in Aurora Energy (AXU-T). 2 good gold projects | 2007-04-20 | |
| BUY | | Barrick Gold | ABX-T | 32.550 | If you want to own a really safe, senior gold producer, there's nothing wrong with this one. | 2007-04-20 | |
| BUY | | Augusta Resource | AZC-T | 2.450 | Copper play near Tucson Arizona. Indicated resource of 10.3 billion pounds of copper. Doesn't think the mine will be in production until about 2010. Trying to permit the property right now. | 2007-04-20 | |
| BUY | | Keegan Resources | KGN-X | 4.200 | Active in Ghana. Had some interesting readings on trench results. Thinks there will be some relatively positive findings when they get into the drill results. | 2007-04-20 | |
| WEAK BUY | | Western Gold Fields | WGI-T | 2.180 | Highly leveraged to the price of gold. Close to production. Relatively low grade and, therefore, tighter operating margin operations. | 2007-04-20 | |
| BUY | | San Gold Corporation | SGR-X | 1.130 | Put the Rice Lake Manitoba mine back in production. Historically, it was mined too aggressively. With their merger with Gold City, and now have the whole belt. | 2007-04-20 | |
| HOLD | | Amerigo Resources | ARG-T | 3.160 | 4% dividend. Produces copper and molybdenum from the fresh tailings of the mine in Chile. | 2007-04-20 | |
| DON'T BUY | | Queenstake Resources (merged to Yukon-Nevada Gold) | QRL-T | 0.220 | Merging with YGC Resources (YGC-T), which has an interesting exploration project in the Yukon. They're old mine in Nevada has been very troubled and expect it will be shut once the merger is completed. | 2007-04-20 | |
| PAST TOP PICK | | Agnico-Eagle Mines | AEM-T | 47.050 | (A Top Pick Feb 15/06. Up 69.8%.) In their next phase of growth. Successfully put the Laronde mine into production. Building 2 other mines in Quebec, one in Finland and another in Mexico. | 2007-02-12 | |
| TOP PICK | | Alexco Resource Corp. | AXR-T | 6.200 | Exploration in the Keno Hills in the Yukon. NovaGold (NG-T) owns 19%. Looking for a very newsy year. | 2007-02-12 | |
| TOP PICK | | Christopher James Gold Corp. | CJG-X | 0.710 | Exploration project in British Columbia. Have pulled some really good holes in one of their zones. | 2007-02-12 | |
| TOP PICK | | Aurelian Resources Inc | ARU-T | 25.000 | Oversold on fears of Ecuador nationalizing mines. A great buy. Have a 7 million oz. discovery at least. Will eventually be taken over. | 2007-02-12 | |
| PAST TOP PICK | | Alamos Gold Inc | AGI-T | 8.440 | (A Top Pick Feb 15/06. Up 3.3%.) Located in Mexico. Has been oversold and is quite undervalued. | 2007-02-12 | |
| PAST TOP PICK | | Aurizon Mines | ARZ-T | 3.670 | (A Top Pick Feb 15/06. Up 98.4%.) In Quebec. Still has more to go. | 2007-02-12 | |
| HOLD | | Mansfield Minerals Inc. | MDR-X | 3.750 | Lindero property in Argentina is a very interesting play. Not the highest grade property at less than 1 gram per ton, but it is quite a large deposit. Would prefer a higher grade, but feels it will be economic. Wait for the drilling to give more information. | 2007-02-12 | |
| BUY | | Kinross Gold | K-T | 15.170 | Undervalued fundamentally. Priced appropriately given where the gold price is, but will participate very well when gold moves up. | 2007-02-12 | |
| BUY | | Osisko Exploration Ltd. | OSK-T | 11.630 | Large land package in Quebec. 6.5 million ounce resource in the first year of exploration. Four drills drilling, so it should be a newsy year. | 2007-02-12 | |
| BUY | | San Gold Corporation | SGR-X | 1.200 | Increased his position today. Very interesting property. Unloved for many years and no broker is following it. An old mine that previous owners couldn't work. New owners are able to mine and are just ramping up production. Cheap stock. | 2007-02-12 | |
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