Joel S

The latin mines blog automatically sends out emails when a new blog post like this one is published.  I've also started a couple of pages on the website that I will be updating semi-regularly that won't get an email when they are updated, because you value your inbox and I'm

This is a email subscriber only post as a way of thanks for letting me clutter up your inbox.  Together with the public How To Not Lose Your Shirt Invseting In Mining I think these two posts could have the biggest impact on your mining portfolio of all the posts

A lot of prospect generators will talk about partner funded exploration.  For example here's Orogen Royalties (a prospect generator) talking about partner funded exploration of $3.2 million in 2021. Orogen Project Generation Business Unit Update - News | OrogenOrogenSo, what do we do with that information?   Rick Rule has stated

EMX started as Eurasian Minerals Exploration or somesuch.  They were a prospect generator that has been around a long time.  In that time they have acquired a LOT of royalties.  I'll run down their more advanced assets, but it's worth noting they continue to generate royalties, selling 80 projects from

Thanks For ReadingThis blog, and my twitter account  is me learning in public.  It's embarrassing.  I've published 23 posts in just over a year.  It's not a coherent theme. I started out being really interested in Ecuador because I thought it presented a uniquely good investment opportunity.  Ecuador still does

With junior exploration companies you should be aware of the capital structure and timing before investing.  Before investing you should know any stock holds as well as options/warrants outstanding. In this article I'll attempt to break the impact of these down in terms of market flows and value distribution.

Royalty companies, prospect generators, exploration companies, and even established mining companies all are likely to participate in option agreements at some point.   I'm going to argue that if you are optioning off your project to another company that the 100% earn in with a retained royalty is almost always going

Royalty companies are at their core a kind of specialty finance.  Like a bank they have a cost for the money they use to acquire or originate royalties.   Imagine two theoretical simplified royalty companies, F and E.  F is large with lots of assets many of which produce a steady

For those in the mining investing space the big news lately is Newmont acquired Great Bear Resources and their Dixie project in the Red Lake district of Canada.  This makes it much more likely that a mine will get built sooner rather than later and will be built at large

Let me start out by saying I have no idea what I'm doing on the trade execution side.  My goal is to buy shares in companies for less than they are worth, hold them, and then hopefully sell them for more than I paid for them as their price closes

The Recent NewsBack in February I did a pass through Sailfish Royalty assets.  At the time their assets compared favorably to their market cap, and those assets had upside if they continued to move forward in development.   If they had good assets were they and are they a good investment?

Country NewsPresident Lasso Meets With Mining CouncilIt's clear that one of the top priorities of new president Lasso is improving Ecuador's economy and that he values the direct foreign investment and job creation that the responsible mining industry brings.  The president sat down with the mining council, which is the

One point is an anecdote, two points is a line, and three points is a series.  This is my third article on valuing royalty companies, which makes this now a series on royalty investing.  The format so far has been some discussion on valuing royalty companies and then a deeper

Back in February I introduced a framework for doing a rough valuation on royalty companies and took a look at Sailfish using that framework.   Then looking at the impact of indexation (GDX and GDXJ) on Twitter Nomad Royalty popped up on my radar again.  Today I'm going to look at

Company NewsAurania Intersects Sediment Hosted CopperIt's getting easy to mix up what Aurania is up to as they have a very large area and their plans are changing as they get results.  So here's a recap. Aurania has a huge area that while not rectangular runs 90km north to south

Company NewsINV Metals BuyoutDundee Precious Metals is buying out INV Metals at a 63% premium to their previous closing share price.  I feel obligated to make some Crocodile Dundee jokes: "That's not a buyout, that's a buyout" and "I don't mean to put down your black widow spider, but the

If you aren't a free subscriber and are reading this the free subscribers all got to read this ahead of you.  Subscribe at the end of the post.  It's low volume and you can unsubscribe at any time without any hassle.  I just hate relying on social media algorithms for

Country News Company NewsSolGold offers exploration ground in EcuadorSolGold has now labeled 13 projects as "core" and is looking to get rid of the rest, hoping at least some of them will attract a joint-venture partner.  20 concessions totalling 86,000 hectares..."Some will be of interest to companies with

Country News Company NewsTitan Updates Copper Duke TargetsI've mentioned Copper Duke before and will likely mention it again.  While Dynasty's flagship asset is the Dynasty Gold project, to me the real interesting one to me is Copper Duke.  Dynasty Gold was an operating mine that was one of the worst

Buckle up, this is going to be long.  In Part 1 I'll cover an overview of lithium mining.  In Part 2 I'll talk about some of the countries and companies in Latin America in the Lithium mining space. What is Lithium?The Irreplaceable Battery ElementLithium is an element with the

Water and PerceptionFeb 10th the city of Santa Rosa in El Oro (in English "The Gold") province of Ecuador had 1000 people get sick.  The Santa Rosa water system immediately said it wasn't bacteria or viruses and said they were sending water off to be tested for heavy metals.  Local

National NewsPresidential ElectionAndres Arauz was the leading vote getter and is expected to win the general election, but didn't get quite enough votes in this first round to win outright, so it goes to a runoff in April.  Arauz is a trained economist and a socialist who plans to back

When I first looked at Sailfish Royalty I thought they weren't large enough in scale to operate effectively as a royalty company and that their assets were too speculative.  I've recently taken a deeper dive and found the company to be more interesting. Sailfish, $FISH on the TSX venture exchange,