Lundin Mining : When the going gets tough, do the tough get going?

truckIn early 2013 Lundin Mining Corporation made headlines as it acquired the high-grade Eagle Mine nickel/copper project from a subsidiary of Rio Tinto [NYSE:RIO. For Rio, the transaction was yet another step in its efforts to divest non-core assets: for Lundin it represented an excellent low risk opportunity to increase both near-term production and exploration potential. Although having been subject to multiple merger talks and take-over attempts throughout the late 2000s – most recently by Inmet Mining and Equinox Minerals – Lundin Mining Corporation still today remains as one of few independent intermediate base metals producers listed on the Toronto Stock Exchange.

Being in the process of replacing declining reserves in Europe with development and exploration projects in North and South America, the purpose of this report is to examine the prospects of Lundin Mining Corporation as an independent intermediate base metals producer. The miner and its shares have recently been touted as prospective “winners” for the fall of 2013 and this report attempts to discern whether such
recommendations hold any substance.

Full report at

Flinders Resources : The Next Big Thing?

Flinders Resources is a Canadian development company focused on industrial metals. The company is currently developing its fully owned flagship graphite project Woxna located in central Sweden.


With more than $15 million on its balance sheet and a net working capital of approximately $10.5 million, Flinders is relatively well-capitalized. According to management, the company is fully funded to develop and start production at its Woxna project. The company’s average annual cash-burn rate for the last two years is $1.2 million. 

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This report was previously available in the Report+ section.

Target Update : Primero Mining Corporation


While the majority of precious metal producers have seen dismal – if not terrible – stock performance since 2012, this has hardly been the case for Mexico-focused Primero Mining. Increasing by 38 % in 2012, the company’s share price swiftly outperformed most of its peers, rising from $ 3.42 on January 1, 2012, to $ 6.47 per share on December 31, 2012. In comparison, the TSX Gold Index fell by 18.2 % during the same period. At its 2012 year high of $ 7.82, the stock of Primero Mining was at most up by 67.1 % during 2012.



Lappland Goldminers: A leading European gold miner?

Following request from investors, Ferno Investment Group has analyzed the Swedish gold producer and exploration company Lappland Goldminers.
The analysis focuses particularly on Lappland’s Fäboliden gold project for which it finalized an updated Feasibility Study in Q4 2012.

Read the report on the new Lappland Goldminers section: