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Terraco Gold Corp.


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Terraco Gold Corp. has a mix of advanced- and early-stage gold and silver projects in Idaho and Nevada. Its 100%-owned Almaden project is located near Boise, Idaho, and hosts an NI-43-101-compliant M&I resource of 864 Koz gold, 84 Koz Inferred. With its current drill program, Terraco is exploring additional near-surface mineralization and testing for high-grade, bonanza mineralization at depth. The company's 100%-owned Moonlight project is located in Pershing County, Nevada and adjoins the Barrick/Midway joint venture project, Spring Valley, to the south. The Rochester Mine has produced over 127 Moz silver and 1.5 Moz gold in its 24-year history. Vice President of Exploration Charles Sulfrian and Lead Consulting Geologist Ken Snyder were both instrumental in the discovery of major Nevada gold mines, including Barrick's Goldstrike and Newmont's Ken Snyder "Midas" mine.

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 Michael Berry (4/14/14) I like Terraco Gold Corp. I like its proximity to Midway Gold Corp.'s Spring Valley project and, of course, the Barrick interest in Spring Valley helps. Barrick has invested $53 million ($53M) into Spring Valley." More >

Haywood Securities (4/11/14) "Terraco Gold Corp. announced a restructuring of its subsidiaries to consolidate its Humboldt Range, Nev., assets into a separate subsidiary from its non-Humboldt assets. . .the company holds a 3% net smelter return on claims covering most of the Spring Valley project. Also part of the Humboldt subsidiary is Terraco's Moonlight project."

The Gold Report Interview with Ian Gordon (1/20/14) "I really like Terraco Gold Corp. It has an excellent management team—a particularly important component for a junior miner. The company has 1 Moz in Idaho, and a property that abuts the Barrick Gold and Midway Gold joint venture at Spring Valley. Terraco's management acquired some royalties on that Barrick/Midway property, which I think could have a value of $50M and that is considerably greater than Terraco's tiny market cap.

TGR: Terraco has the right to exercise an option on a 3% net smelter royalty on the Barrick/Midway Spring Valley joint venture. Terraco has to act on that $15.1M option before December 2016. Do you think that's likely?

IG: Barrick will be very interested in appropriating that royalty for itself. Royalties are so costly to production that no company likes to give out big royalties. I think that before the time is up someone will buy out that royalty. That would give Terraco lots of cash." More >

Ian Gordon, Longwave Group (1/3/14) "Terraco Gold Corp.'s share price has been in a basing pattern since March 1, 2013. . .a review of the company's monthly price chart shows two similar previous basing patterns. Following price breakouts from these patterns, Terraco's share price at least tripled within a few months. . .investors should also consider the very valuable royalty call options that the company has acquired on the Barrick Gold Corp./Midway Gold Corp. Spring Valley project in Nevada."

The Metals Report Interview with Rick Mills (10/1/13) "A company that would stand to benefit from Barrick putting Spring Valley into production is Terraco Gold Corp., which has a royalty on the Spring Valley deposit. Once the project goes into production, the cash flow to Terraco will be tremendous, and Terraco can also use pieces of the royalty as an ATM, as it were, if they want to do a non-dilutive financing. . .Terraco has a project called Moonlight, which is attached to the north end of the Spring Valley project. It certainly looks like the Spring Valley mineralization heads north to Moonlight. Also, most people don't know that there could be a very good opportunity for silver there. That's why it's called Moonlight. The old-timers used to talk about seeing the moonlight glint off the silver at night. The other thing Terraco has got going for it is almost 1 Moz gold in its Almaden project in Idaho. With heap leach, it looks like it would be very cheap to put into production. All told, Terraco is an interesting play." More >

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