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Terraco Gold Corp.


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Terraco Gold Corp. is a gold royalty/mining company with a gold project portfolio that includes a gold royalty and net smelter royalty option (up to 3%) on the Spring Valley gold project, which is a joint venture among the world's largest gold producer, Barrick Gold Corp. (75%), and Midway Gold Corp. (25%). A new gold resource was released in August 2014. Terraco also controls over 35 km sq of early-stage exploration potential (the Moonlight project) adjoining the Spring Valley project joint venture on the north side. In addition, Terraco has an advanced-stage gold project in Idaho (the Nutmeg Mountain/Almaden project) that hosts an NI-43-101-compliant gold resource.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

The Gold Report Interview with Joe Mazumdar (10/1/14) "Terraco Gold Corp. has royalties on the northern part of the Spring Valley project, where the majority of the current resource lies. Having a senior producer such as Barrick Gold Corp. as the developer is a positive for a company like Terraco." More >

Ian Gordon, Longwave Group (9/23/14) "Terraco Gold Corp. owns a gold net smelter royalty on almost all the Spring Valley deposit in Nevada. . .this royalty is not being reflected in the company's current share price, and because of that, Terraco's share price is undervalued by perhaps as much as 50%."

Deborah Bacal, Proactive Investors (8/13/14) "Terraco Gold Corp. reminded shareholders on Wednesday of its royalty interests in Midway Gold Corp.'s joint venture Spring Valley project with Barrick Gold Corp, where earlier this week resource estimates were bolstered and capital budgets increased. . .on Tuesday, Midway announced an updated mineral resource estimate, which reflected 4.37 Moz in the Measured and Indicated category, an increase of 102% from the previous 2011 estimate, with an additional 1.07 Moz in the Inferred category. Average grade in the Measured and Indicated category also increased by 20% from the previous estimate."

The Mining Report Interview with Rick Mills (7/1/14) "Terraco Gold Corp. has bought a net smelter return of up to 3% on claims covering the vast majority of the currently outlined Spring Valley deposit. . .Terraco owns a project called Moonlight, which is located at the north end of the Spring Valley project. North of Moonlight is Renaissance Gold Inc.'s Fourth of July project. Renaissance just signed an exploration agreement with Sumitomo Corp.'s U.S. subsidiary Summit Mining Exploration to earn up to 70%. If you picture it on a line, on strike, you've got the Rochester mine, Spring Valley, Terraco's Moonlight and Fourth of July. So what we have is Terraco's Moonlight property sandwiched right in between Barrick and Sumitomo. Plus Terraco has the royalty on Barrick, and 864 Koz gold at its Almaden project in Idaho. You can see why I'm pretty excited about Terraco." More >

The Mining Report Interview with Michael Berry (6/17/14) "I am an adviser to and own shares of Terraco Gold Corp. Its 35 square mile Moonlight property is immediately north of Midway Gold/Barrick's Spring Valley project. Spring Valley has more than 2.1 Moz Measured and Indicated gold and 1.9 Moz Inferred gold. I visited Spring Valley, and this will be a mine.

Todd Hilditch is Terraco's CEO. One thing he did that has been very disruptive, especially to Barrick and Midway from a strategy viewpoint, was buy the royalties on Spring Valley. Thanks to management resourcefulness Terraco holds a 3% net smelter royalty on the majority of the Spring Valley gold resource. We talked about the power and transformative nature of royalty investing in the shale oil fields. Even management strategy can be disruptive. Terraco has a tremendous advantage over other junior explorers because it can maintain its position and wait for Barrick to develop Spring Valley. Barrick has just dedicated another $14M program to Spring Valley after its earn-in. Todd Hilditch is the example of the new thinker in the junior mining industry. These new breed CEOs look at different ways of producing wealth, creating wealth, of working with the sell side. And there's no place better than Nevada for gold and silver. Sumitomo Metal Mining just did an earn-in deal with Renaissance Gold Inc. on its Fourth of July property close to Moonlight. So the area play is heating up and Terraco shareholders should benefit." More >

TEN Proactive Investors

TEN: Proactive Investors Interview with CEO Todd Hildich
TEN Ceo Clips 7/13

Interview with TEN CEO Todd Hilditch

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