Underground mining at Hecla's Fortunate Friday operation in Idaho. Credit: Hecla Mining.
Northern Miner presents the top ten record of mid-sized and young valuable metals corporations in the United States.
- 1 1. Coeur Mining Market cap: $ 1.13 Billion
- 2 2. Hecla Mining Market cap: $ 967.83 Million
- 3 three. Argonaut Gold Market cap: $ 467.43 million ($ 352.17 million).
- 4 4. Gold Resource Company Market cap: $ 227.17 million.
- 5 5. Gold Reserve Market cap: $ 178.91 million
- 6 6. Vista Gold Market cap: $ 101.54 million
- 7 7. Fiore Gold Market cap: $ 41.89 million.
- 8 eight. Sandspring Assets Market cap: $ 42.81 million
- 9 10. Paramount Gold Nevada Market cap: $ 25.94 million
1. Coeur Mining
Market cap: $ 1.13 Billion
Coeur Mining (NYSE: CDM) is a versatile valuable metallic producer proudly owning a mining silver gold complicated in Chihuahua, Mexico; Rochester Open Mine Silver Gold Mine in Nevada; Kensington Underground Gold Silver Mine in South Dakota; and Silvertip-silver-lead-zinc mining in British Columbia, Canada. It additionally owns the La Preciosa Silver and Gold Undertaking in Durango, Mexico and the Sterling Gold Challenge in Nevada.
Chicago headquarters last yr produced a complete of 12.9 million ounces of silver, 367,728 ounces of gold, 6.eight. million kilos of zinc and three.9 million kilos of lead or 35.6 million silver equal ounces. In Might 2019, the corporate issued production tips for the yr and says it expects to supply 334,000-372,000 ounces of gold, 12.2-14.7 million ounces of silver, 5.three million pounds of zinc and 5.2 million kilos of lead.
2. Hecla Mining
Market cap: $ 967.83 Million
Hecla Mining (NYSE: HL) was based in 1891 within the Coeur d'Alene mine within the Silver Valley area of Idaho, one of many largest silver producing areas on the planet. In the present day, low-interest silver producers have mines within the United States, Canada and Mexico. It owns the Greens Creek Mine in Alaska – one of many largest and least expensive main silver mines on the earth; Lucky Friday's underground mine of silver, lead and zinc in Idaho; San Sebastian's underground gold and silver mine in Mexico; Casa Berard's underground gold mine in Quebec, and the Hearth Creek and Hollister mines in Nevada. It also owns a lot of exploration capabilities in eight world-class silver and gold mining districts in North America.
Last yr, the corporate produced a total of 10.four million ounces of silver and 262,103 ounces of gold, a brand new document. At the end of 2018, Hecla announced confirmed and possible reserves of 191 million ounces of silver and 2.9 million ounces of gold – the very best within the firm's historical past. It also has confirmed and probable reserves of 932 000 tonnes of zinc and 774 000 tonnes of lead.
As of June 30, the company had roughly $ 10 million in money and money equivalents and brief-term investments.
three. Argonaut Gold
Market cap: $ 467.43 million ($ 352.17 million).
Argonaut Gold (TSX: AR) is a Canadian gold company whose belongings are the El Castillo Mine and the San Agustin Mines, which together type the El Castillo Complicated in Durango, Mexico; and the La Colorada Open Mine Gold and Silver Mine in Sonora, Mexico. It additionally owns a complicated exploration challenge in San Antonio, Baja California Sur, Mexico; Cerro Del Gallo open mine gold, silver and copper venture in Guanajuato, Mexico; and the Magino Open Gold Venture in Ontario, Canada, which was authorised by the federal government for its environmental evaluation in January 2019. It additionally has several exploration tasks in North America.
Final yr, the company produced 165,117 gold equivalent ounces. money costs $ 792 gold per ounce. bought and all-in maintained by $ 912 gold per oz. been bought. This yr, administration expects to generate between 200,000 and 215,000 ounces of gold in cash, starting from $ 775 to $ 875 an oz. is bought, and the cost of all-in maintenance is between $ 875 and $ 975 per ounce. been bought.
The corporate plans to take a position $ 50-60 million in investments this yr. The most important one-time budgeted capital is about $ 15 million to broaden the San Agustin mine crushing and flushing plant to extend capacity from 20,000 tons per day to 30,000 tons per day.
4. Gold Resource Company
Market cap: $ 227.17 million.
Gold Resource Corp. (NYSE: GORO) is a gold, silver producer, developer and explorer operating in Mexico and the United States. The company poured the first gold at its Isabella Pearl mine. In Nevada within the second quarter of this yr – just ten months after the Walker Lane challenge.
The corporate owns a number of belongings in Oaxaca, Mexico, including the Arista underground mine, the Aguila mine and the Mirador underground mine. The preliminary manufacturing at Arista started in March 2011, and the mineralized materials from the mine is transported about 2 km to the Aguila plant, the place it is processed into three totally different seals: copper-gold; lead-silver; and zinc. The Mirador mine, also within the state of Oaxaca, is a part of the company's Alta Gracia undertaking.
In the second quarter, Gold Useful resource generated a complete of 9,559 ounces of gold and 467,484 ounces of silver, which, together with base metallic revenue, generated $ 29.four million in internet revenue and $ 1.eight million, or $ zero.03 per share, in three months. which ended June 30th.
5. Gold Reserve
Market cap: $ 178.91 million
Gold Reserve (TSXV: GRZ; US-OTC: GDRZF) owns 45% of Siembra Minera's Gold-Copper Silver Challenge in the Km 88 gold mine in Bolivia, Venezuela. . (The Venezuelan Authorities holds a 55% stake.) Gold has spent more than $ 10 million on the undertaking since August 2016, and the subsequent part of improvement is predicted to include detailed design work on a small cyanide plant and associated amenities, and metallurgical exams. Relying on the funding, the company additionally expects to launch a feasibility research on a large flotation plant.
In 1992, the corporate started creating a Brisas gold and copper venture, together with within the Km 88 mining area in Venezuela, and invested almost $ 300 million. challenge. But in April 2008, the federal government withdrew its earlier allow to proceed development and in 2009 the corporate referred the matter to international arbitration. In June 2017, it signed a settlement settlement with Venezuela underneath which the federal government committed to pay the company a total of $ 1.03 billion. As of March 2019, the company had acquired approximately $ 276 million from the solution, leaving roughly $ 756 million remaining.
6. Vista Gold
Market cap: $ 101.54 million
Vista Gold (TSX: VGZ; NYSE: VGZ) owns the Mt Todd Gold Venture, approximately 250km southeast of Darwin. The venture is the most important undeveloped gold undertaking in the nation. Vista has invested over $ 100 million to advance Mt. Todd after the acquisition of the venture in 2006.
The Brownfield challenge from the updated preliminary feasibility research, revealed in January 2018, planned a large-scale open mine operation for 13 years. The mine is predicted to generate 382,211 ounces of gold yearly through the mine's lifetime, averaging 479,450 ounces of gold per yr during its first 5 years of operation. The unique capex was pegged at $ 839 million and the mine should produce a internet present worth after tax at a reduction price of 5% at $ 679 million and a publish-tax inner fee of return of 20.5% with gold at $ 1,300 per ounce. The mine's average cash value was estimated at $ 645 per ounce, and the typical cash value was $ 571 per ounce during its first five years of operation.
MB. Todd has testified and is more likely to set aside 221 million tonnes of zero.82 grams of gold per tonne with a limit of 0.40 grams of gold containing 5.85 million ounces of gold.
7. Fiore Gold
Market cap: $ 41.89 million.
Fiore Gold (TSXV: F; USA-OTC: FIOGF), which focuses on the Americas, has belongings in Nevada and Chile. Its North American belongings embrace a productive Pan mine near Eureka, Nevada, and a nearby Gold Rock exploration venture. Fiore also manages the Golden Eagle exploration venture in Washington state, just 10 km from Kinross' Kettle River plant.
In Chile, Fiore controls the land package deal subsequent to the Yamanana flagship El Peñon mine within the Atacama space. Fioren's Pampas El Peñon options are situated west, south and north of the northernmost a part of the Yamanan El Peñon deposit, with its Cerro Tostado venture south of the Mina Fortuna satellite family and El Peñon's most important mine and plant.
The unique aim is to develop into 150,000 ounces a yr as a gold producer. In 2018, the company generated 34,297 ounces of gold in money, which was $ 820 an oz. and an all-in maintenance value of $ 1,063 per ounce.
eight. Sandspring Assets
Market cap: $ 42.81 million
Sandspring Assets (TSXV: SSP; US-OTC: SSPXF) is creating a Toroparu gold undertaking in Western Guyana, 50 km from the Goldfield Aurora mine in Guyana. Based on a preliminary financial assessment, in June 2019, Toroparu produced 4.5 million ounces. gold – 3.64 million ounces. which might be in the form of gold articles – mine for over 24 years. In addition, the venture will generate four.46 million ounces. paid silver and 124.7 million pounds paid copper through the mine. In the first 10 years, the mine would produce 1.48 million ounces. cult doré. In another part, 14 years, it can produce 2.15 million ounces. gold doré and one other 876,000 ounces. gold in seal. In response to the research, the cost of all-in maintenance can be $ 812 an oz. through the lifetime of the mine. Pre-production capex was tied to $ 378 million. Sandspring says it plans to finalize its feasibility earlier than the top of the yr.
In November 2013, Wheaton Precious Metals signed a gold withdrawal agreement and in 2015 added a silver by-product to the agreement. Frank Giustran Fiore Group came in 2015 and now owns 9.three% of the company. Gran Colombia Gold turned a shareholder with 16.7% in equity final yr, up 19.96% after the $ four million Sandspring was issued in June.  9. Sante Fe Gold
Market cap: $ 30.39 million
Santa Fe Gold (US-OTC: SFEG) started mining at the Jim Crow gold and silver mine within the historic Steeple Rock mine in southwestern New Mexico area, end The unique manufacturing on the mine is to be stored on the surface for preparation for transport to smelters in Arizona.
The company hopes that the original manufacturing of the Jim Crow mine will provide funds to finance the event of its other mines. Area – contiguous Imperial Mines and Bilalli Mines, roughly 6.4 km north of Jim Crow. Its objective is to get all three mines into manufacturing inside the next 12-18 months. In addition to the three previously produced mines in Steeple Rock, Santa Fe Gold has acquired five different historic silver mines: the Alhambra, the Black Hawk, the Silver King, the Hope of the Good Hope and Bullard's Peak. These cover thirteen patents and 82 non-patentable claims in the Black Hawk space of Grant County, about 24 miles southwest of Silver Metropolis, New Mexico. Santa Fe is presently reviewing asset improvement options
10. Paramount Gold Nevada
Market cap: $ 25.94 million
Paramount Gold Nevada (NYSE-AM: PZG) owns the Grassy Mountain Gold Venture in japanese Oregon, roughly 113 miles west of Boise, Idaho, and the Sleeper Gold Challenge. Nevada, about 40 km northwest of Winnemucca.
Final yr, the company produced a feasibility research in the Grassy Mountain surroundings, with annual manufacturing of 47,000 oz. gold and 50,000 ounces. silver in a 7.25 yr mine, money costs $ 528 an oz. gold. The research initially estimated capex at $ 110 million per day for 750 tonnes of mining and milling, with a payback interval of two.5 years. Based on the research, the 5% internet low cost after tax was $ 87.7 million and the after-tax IRR was 28%. The company launched a feasibility research
in June 2019 and declares its intention to start development as quickly because it has obtained all required permits, that are projected to be in 2020.
The operator of the Sleeper mine was AMAX Gold. from 1986 to 1996 and produced 1.7 million ounces of gold and 2.3 million ounces of silver. In response to the preliminary financial analysis of Sleeper, accomplished in 2015, 30,000 tonnes per day is proposed as a cash-only operation with a low tape ratio and an preliminary payback interval of $ 175 million for three.5 years. PEA estimates annual manufacturing at 102,000 ounces. gold and 105,000 ounces. silver at a money operating value of $ 529 per ounce of gold equivalent.
In April 2019, Paramount closed a $ 2 million royalty defrost royalty settlement with Franco-Nevada Corporation. The proceeds might be used to promote the licensing efforts and the feasibility research for the Grassy Mountain challenge.