Atna Resources Ltd.

Atna Resources Ltd. is a gold production and development company with a focus in the western United States. The company is producing gold at its Briggs mine, located in Inyo County, California, and at its Pinson underground mine near Winnemucca, Nevada. Atna completed an NI 43-101 prefeasibility study in October 2014 for the Pinson open-pit project and is in prefeasibility work at its Columbia gold property located near Lincoln, Montana.

Expert Comments:

"When we last talked in December, Atna Resources Ltd. was undervalued at $0.065/share. It's now at $0.11. I would expect that there's quite a lot more mileage in it. In fact, our target price is $0.70. It's gone up nearly 100%, but it's got to go up another 600% to get us to where we think it should be." read more >

"I am following Atna Resources Ltd., which is producing from its Briggs mine in California. Atna seemed to have too many projects, but it recently sold two in Nevada for $10M. Focusing on Briggs and Pinson is the way forward for Atna. I suspect that it will do a deal with a royalty company or make some other kind of arrangement to get Pinson going." read more >

Christopher Ecclestone, Hallgarten & Co. (12/3/14)
"During the month, in pretty quick succession, Atna Resources Ltd. announced both the sale and the settlement of the sale of its Reward gold mine near Beatty, Nevada, and the Clover gold-exploration property in Elko County, Nevada. . .approximately US$5M of the proceeds will be applied towards paying down principal and interest owed under Atna's senior secured credit facility with Waterton. The remaining US$5M of proceeds will be available for general working capital purposes. . .anything that reduces debt has to be useful at Atna."

Matthew Sheppard, Jacob Securities (9/18/14)
"The restart and ramp up of mining operations at Atna Resources Ltd.'s Pinson underground are positive; we believe that Atna was prudent in suspending operations while it optimized the mine plan and leveraged its experience from previous mining. . .the technical report calculates positive economics at the Pinson underground with capital requirements being covered by operating cash flows."

"Atna Resources Ltd. is another cyanide heap-leach producer in the same county as Great Bear Resources Ltd. California once posed a lot of environmental hurdles for mining. That is changing because the state is not doing very well financially. . .previously, many projects couldn't even get exploration permits because of the environmental lobbyists. That has changed; there are active mining operations in the area today." read more >

Experts Commenting on This Company

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Ramping up Gold Production at the Pinson Mine, ongoing production at Briggs
2.7 Million ozs. M&I Resource
Undervalued and Poised for Growth, Market Cap/Oz of Resource $5.75
Atna Resources Ltd. Content