Sprott Capital Partners Research

Sprott Capital Partner's team of seasoned research analysts provide insightful equity research on selected precious metals mining companies.

Date Issuer Symbol Sector Title Analyst Link
3/20/2023 Rainbow Rare Earths RBW (LN) Mining Phalaborwa update: MRE upgrades 77% to M&I, pilot plant commissioning on track for 2Q23 Justin Chan View Report
3/17/2023 Andean APM (CN) Mining 2022 financials sees Andean retain its US$90m cash/securities available to fund growth Justin Chan View Report
3/16/2023 Mineros MSA (CN) Mining Porvenir PFS adds 8 years of LOM in Nicaragua, beats our estimates, adds US$51m of NAV Justin Chan View Report
3/16/2023 Greatland Gold GGP (LN) Mining 57m @ 2.4g/t AuEq outside current resource; decline speeds up, now 10% ahead of schedule Brock Salier View Report
3/15/2023 Centaurus Metals CTM (AU) Mining Ongoing pilot testing sees 98.6% Ni sulfide POX & new potential by-product streams; 4Q23 DFS Brock Salier View Report
3/9/2023 Australian Rare Earths AR3 (AU) Mining First MREC production at ANSTO at ambient temperatures confirms AR3’s development edge Justin Chan View Report
3/8/2023 Resolute RSG (AU/LN) Mining Syama North takes resources >11Moz with 4.6Moz reserve, trading at 60-70% discount to peers Brock Salier View Report
3/8/2023 GoGold Resources GGD (CN) Mining Drilling at LRS hit 2.8m @ 2kg/t, ahead of MRE and PEA update Brock Salier View Report
3/8/2023 Silver Mountain AGMR (CN) Mining Final 2022 assays signal growth opportunities outside of upcoming MRE; 0.8m @ 2.4kg/t AgEq Brandon Gaspar View Report
3/7/2023 Newcore NCAU (CN) Mining MRE grows by 300koz to 1.7Moz @ 0.62g/t Brock Salier View Report
3/6/2023 G Mining GMIN (CN) Mining Inaugural site visit leaves project on track for mid 2024 first gold and 2H24 production Brock Salier View Report
3/6/2023 UEC UEC (US) Mining 14.3m @ 7.9% U3O8 (incl 7.0m @ 15.9%) at Christie Lake continues high grade growth, 17,000m planned Justin Chan View Report
3/6/2023 Palladium One PDM (CN) Mining Acquires MetalCorp for C$3.3m; earn-in with ABX at the newly acquired Hemlo East property Brock Salier View Report
3/3/2023 Canadian Manganese CDMN (CN) Mining Updated MRE: 74% growth, 76% M&I conversion, confirms best Mn development asset globally Justin Chan View Report
3/2/2023 Moneta Gold ME (CN) Mining 903 pit infill confirms shallow HG with 24.8m @ 4.6g/t; New VP Sustainability to lead permitting Brandon Gaspar View Report
2/28/2023 Aya Gold & Silver AYA (CN) Mining Zgounder drilling world class incl 9 >10,000gxm hits, resource expansion drilling focus for 2023 Justin Chan View Report
2/27/2023 O3 OIII (CN) Mining Satellite ounce growth with 11.0m @ 3.7g/t north of Marban PFS pit Brandon Gaspar View Report
2/27/2023 I-80 Gold IAU (CN) Mining Paycore acquisition adds FAD (incl recent 14.8m @ 18.5g/t AuEq) to world class Ruby Hill Justin Chan View Report
2/24/2023 Reunion Gold RGD (CN) Mining ‘Best in class’ engineering firm retained to lead engineering; mid-2023 maiden Oko West MRE Brandon Gaspar View Report
2/23/2023 Signal Gold SGNL (CN) Mining Goldboro strike extensions with shallow 3m @ 21g/t ~325m west of resource limit Brandon Gaspar View Report
2/23/2023 Osino Resources OSI (CN) Mining Step out drilling at Twin Hills hit 20m @ 1.6g/t; infill drilling for mid year DFS by mid-2023 Brock Salier View Report
2/23/2023 Palladium One PDM (CN) Mining New feeder dyke north of RJ Zone hits 50m @ 0.3% NiEq; with 3.4m @ 4.1%NiEq at Smoke Lake Brock Salier View Report
2/23/2023 I-80 Gold IAU (CN) Mining More world class Hilltop CRD hits, teach-in highlights low capital base metals opportunity Justin Chan View Report
2/23/2023 O3 OIII (CN) Mining Kierens-Norlartic infill program adds near-term value to mine plan; 44.3m @ 1.5g/t; 2023 outlook Brandon Gaspar View Report
2/22/2023 Aya Gold & Silver AYA (CN) Mining Zgounder expansion update: on schedule, development rates tie well vs budget Justin Chan View Report
2/22/2023 Probe Gold PRB (CN) Mining Shallow high-grade at Beliveau with 44m @ 3.9g/t (inc. 1.3m @ 51g/t) ahead of MRE update Brandon Gaspar View Report
2/22/2023 Skeena Resources SKE (CN) Mining Step-out / infill drilling at 21A W, 23 Zones opens door to ounce growth in 1H23 MRE update Brock Salier View Report
2/22/2023 GoGold Resources GGD (CN) Mining Eagle drilling hits 16.3m @ 605g/t AgEq; Site visit: Eagle underground cornerstones LRS value Brock Salier View Report
2/21/2023 Predictive Discovery PDI (AU) Mining 13m @ 6g/t plugs the gap between open pit and UG, on track for SCPe 500koz UG (for starters) Brock Salier View Report
2/21/2023 Mineros MSA (CN) Mining Production beats guidance, low end of AISC, FCF covers dividend Justin Chan View Report
2/16/2023 Aya Gold & Silver AYA (CN) Mining Silver and green: Aya signs PPA to source up to 100% renewable power for Zgounder Justin Chan View Report
2/16/2023 Troilus Gold TLG (CN) Mining New dimensions added to X22 Zone discovery with 50m @ 0.8g/t AuEq; strike extended to 800m Brandon Gaspar View Report
2/16/2023 Signal Gold SGNL (CN) Mining US$21m bridge financing preserves balance sheet ahead of Goldboro project financing in 2H23 Brandon Gaspar View Report
2/15/2023 Moneta Gold ME (CN) Mining Southern extensions at 903 with 21m @ 2g/t within 91.8m @ 0.8g/t; assays pending Brandon Gaspar View Report
2/14/2023 Sabina Gold & Silver SBB (CN) Mining B2Gold C$1.1 billion bid at SCPe ~0.5xNAV5%-spot, recommendation lifted to TENDER Brock Salier View Report
2/14/2023 Aya Gold & Silver AYA (CN) Mining Boumadine drilling averages 3.9m @ 388g/t AgEq, 3-rig / 36,000 program planned for 2023 Justin Chan View Report
2/14/2023 Australian Rare Earths AR3 (AU) Mining Updated Koppamurra drilling finds new high-grade zone to the NE, adds SCPe ~10Mt Justin Chan View Report
2/14/2023 G2 GTWO (CN) Mining High-grade at Oko Main Zone with 3.7m @ 45.4g/t in S4; Resource strike extensions Brandon Gaspar View Report
2/14/2023 GoGold Resources GGD (CN) Mining Parral 4Q22 cash costs and AISC trend lower QoQ, ~US$109m pro-forma cash Brock Salier View Report
2/13/2023 Energy Fuels EFR (CN) Mining Major steps forward as Bahia acquisition closed and Stage 1 separation underway Justin Chan View Report
2/13/2023 Northern Graphite NGC (CN) Mining Acquires 33% ownership in NeoGraf; now captures the whole range of graphite downstream market Brock Salier View Report
2/10/2023 Nighthawk Gold NHK (CN) Mining >1Moz added to global MRE in 12M; >5Moz @ 1.7g/t the basis for mid year PEA; PT lifted Brandon Gaspar View Report
2/9/2023 Aya Gold & Silver AYA (CN) Mining 2023 outlook: 1.7-1.9Moz guidance, exciting year for Boumadine + Zgounder exploration, Justin Chan View Report
2/8/2023 NexGen Energy NXE (CN) Mining 2023 exploration program to see 22,500m drilling across 9 conductive trends and new geophysics Justin Chan View Report
2/7/2023 G2 GTWO (CN) Mining Shallow 27m @ 5.1g/t drilled at new Ghanie discovery; Drills ramping up ‘imminently’ Brandon Gaspar View Report
2/6/2023 Predictive Discovery PDI (AU) Mining Resource survives infill as UG grows; flat 4.2Moz leaves 250-300koz pa ‘in the bag’, PT lifted Brock Salier View Report
2/6/2023 Maritime Resources MAE (CN) Mining Shallow infill: 10m @ 1.9g/t at Orion satellite talks to potential mine life extensions Brandon Gaspar View Report
2/6/2023 Palladium One PDM (CN) Mining Tyko drilling hits 2m @ 5.3% NiEq; Strike extensions (+100m East) massive sulphide visuals Brock Salier View Report
2/6/2023 Centaurus Metals CTM (AU) Mining Drilling ongoing ahead of 1H23 DFS with step-outs pointing to resource growth to 1Mt Ni Brock Salier View Report
2/2/2023 Goldsource GXS (CN) Mining 95% sapro and 90% fresh rock recoveries and ongoing exploration/engineering support CY23 PEA Brandon Gaspar View Report
2/2/2023 Mining Upgrading precious prices on strong start to 2023 as macro shifts in favour of gold and silver Brock Salier View Report
2/1/2023 Reunion Gold RGD (CN) Mining Roots to ~1km vertical with 13m @ 3.0g/t; Block 4 infills nicely with 34m @ 11g/t Brandon Gaspar View Report
2/1/2023 Moneta Gold ME (CN) Mining Windjammer drilling hits high-grade within PEA pit shell; 46m @ 26.9g/t; 190km drilling ongoing Brandon Gaspar View Report
1/31/2023 West African Resources WAF (AU) Mining CY23 guidance 210-230koz @ <US$1,175/s beats SCPe 189koz @ US$1,230/oz Brock Salier View Report
1/31/2023 Emerald EMR (AU) Mining 4Q22 in-line as costs drop 4% to US$795/oz; drills 9m@7g/t in WA, 1m@31g/t at Memot Brock Salier View Report
1/31/2023 Resolute RSG (AU/LN) Mining Quarterly 6koz beat, cash and AISC right in line; 2x upside just to trade inline with ‘boring’ peers Brock Salier View Report
1/31/2023 Ionic IXR (AU) Mining DQ22 –Mining Lease + refinery study on track for 1Q23, maiden ESG rating, A$20m cash balance Justin Chan View Report
1/31/2023 Signal Gold SGNL (CN) Mining CY22 Point Rousse production of 17.9koz comes just under guidance; 4.9koz sold in 4Q22 Brandon Gaspar View Report
1/31/2023 Australian Rare Earths AR3 (AU) Mining DQ22: MRE upcoming (SCPe ~100Mt), met tests + MLA commenced, A$9m cash Justin Chan View Report
1/30/2023 Sovereign Metals SVM (AU) Mining 31m@1.1% rutile & 1.9% graphite points to lift in MRE due this quarter ahead of 2Q23 PFS Brock Salier View Report
1/30/2023 Predictive Discovery PDI (AU) Mining 38m@5.3g/t infill to feed into updated MRE shortly; UG potential with 13m @ 5.9g/t at depth Brock Salier View Report
1/27/2023 Osino Resources OSI (CN) Mining Permitting progress: Osino receives Environmental Clearance Certificate; 2H23 early works Brock Salier View Report
1/26/2023 Troilus Gold TLG (CN) Mining Troilus hits 29m @ 4.3g/t AuEq in the Connector Zone; 5,000m drilling ongoing ahead of 2H23 FS Brandon Gaspar View Report
1/25/2023 Silver Tiger Metals SLVR (CN) Mining Second new bonanza zone emerges with 6m @ 2.0kg/t AgEq, right under decline progression Brock Salier View Report
1/25/2023 Silver Mountain AGMR (CN) Mining First holes into Perseguida vein hit 1.2m @ 688g/t AgEq; UG sampling talks to accessible inventory Brandon Gaspar View Report
1/25/2023 West African Resources WAF (AU) Mining Steady as she goes - flat Q4 sees CY22 229koz @ US$1,086/oz in line with guidance; US$115m cash Brock Salier View Report
1/25/2023 I-80 Gold IAU (CN) Mining Ruby Hill 2023 drilling commences with six rigs, new Hilltop geophysical targets identified Justin Chan View Report
1/24/2023 Northern Graphite NGC (CN) Mining Initiation: small mines qualify faster as new CEO grows into downstream Brock Salier View Report
1/24/2023 Emerald EMR (AU) Mining Okvau site visit: tier one team and asset - three MRE updates this year lay path to three mines Brock Salier View Report
1/24/2023 Uranium Energy Corp UEC (US) Mining 3.4m @ 24.2% U3O8 at Christie Lake highlights UEC’s new role in the Athabasca Justin Chan View Report
1/24/2023 Talisker TSK (CN) Mining Maiden 1.7Moz + existing permits enable speed over peers; 400-700koz extension targets Brandon Gaspar View Report
1/23/2023 GoGold Resources GGD (CN) Mining LRS Eagle just gets better with 55m @ 2.7kg/t AgEq (incl. 7m @ 20.7kg/t AgEq) Brock Salier View Report
1/19/2023 Resolute RSG (AU/LN) Mining 18m@70g/t as Syama North grows from 2.0Moz to 3.2Moz, PT lifted as ‘premium’ enters lexicon Brock Salier View Report
1/19/2023 Talon Metals TLO (CN) Mining Raptor Zone hits point to new mineralization outside of resource; assays pending Brock Salier View Report
1/18/2023 Fission Uranium FCU (CN) Mining Feasibility study delivers improved capex, sub US$10/lb cash costs, billion dollar NPV Justin Chan View Report
1/18/2023 GoGold Resources GGD (CN) Mining El Favor drilling continues to hit broad high grade ahead of 1H23 PEA; 1.2m @ 4,209g/t AgEq Brock Salier View Report
1/17/2023 Skeena Resources SKE (CN) Mining Permitting process charter signing syncs to CY26 production; 0.5% NSR sale for C$27m, PT lifted Brock Salier View Report
1/17/2023 Andean APM (CN) Mining 1.2Moz AgEq 4Q22 production hits annual guidance with 5.0Moz AgEq; recoveries up QoQ Justin Chan View Report
1/17/2023 Pan Global PGZ (CN) Mining First blind regional-drilling comes in with plenty of smoke but no fire…yet Brock Salier View Report
1/17/2023 Probe Gold PRB (CN) Mining >1Moz added to Monique for >5Moz globally; strong conversion sees 85% M&I ahead of PFS Brandon Gaspar View Report
1/13/2023 Fission Uranium FCU (CN) Mining FCU signed capacity funding agreement with MNS, FS in final stages Justin Chan View Report
1/12/2023 Moneta Gold ME (CN) Mining Ounce additions within previously modelled waste areas at 903 and Windjammer pits Brandon Gaspar View Report
1/12/2023 Silver Tiger Metals SLVR (CN) Mining Seitz Kelly Vein drilling hits 10.1m @ 474g/t AgEq; rehab continues; drilling ongoing Brock Salier View Report
1/12/2023 Sabina Gold & Silver SBB (CN) Mining Lump sum C$139m contract for plant finalised; ice-road construction commences and UG advances Brock Salier View Report
1/12/2023 Palladium One PDM (CN) Mining Tyko drilling hits 2.6m @ 8.2% NiEq; C$11m in treasury ahead of 2023 exploration program Brock Salier View Report
1/11/2023 Silver Mountain AGMR (CN) Mining Bonanza 0.6m @ 2,642g/t AgEq drilled below mine workings ahead of 1Q23 MRE update Brandon Gaspar View Report
1/11/2023 GoGold Resources GGD (CN) Mining 10% QoQ lift in production; Ag torque for CY23 with production, drilling and development, PT lifted Brock Salier View Report
1/10/2023 West African Resources WAF (AU) Mining 20m @ 3g/t at new MV3 satellite could support SCPe 160-200koz to push back Toega Brock Salier View Report
1/10/2023 Emerald EMR (AU) Mining Emerald does it again with 118koz pa 4Q22 +28% QoQ, and AISC expected under US$800/oz Brock Salier View Report
1/10/2023 Aya Gold & Silver AYA (CN) Mining Strong 4Q22 supports 1,881koz Ag record annual production well above guidance Justin Chan View Report
1/9/2023 Reunion Gold RGD (CN) Mining Site visit: Rapid pace towards SCPe >5Moz potential and 100 employees on site in less than 14M Brandon Gaspar View Report
1/9/2023 G2 GTWO (CN) Mining Site visit: CY22 a big year for G2, no signs of slowing down in 2023; Ghanie assays pending Brandon Gaspar View Report
1/3/2023 Uranium Energy Corp UEC (US) Mining Initiation: Supplanting Cameco as the go-to uranium stock Justin Chan View Report

Important Message

You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.

Continue to Sprott Exchange Traded Funds

Important Message

You are now leaving sprott.com and linking to a third-party website. Sprott assumes no liability for the content of this linked site and the material it presents, including without limitation, the accuracy, subject matter, quality or timeliness of the content. The fact that this link has been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Sprott with respect to the linked site or the material.

Continue