RD:TSX.V

Red Eagle Mining Corp.

Red Eagle Mining Corp. is a well-financed gold exploration and development company with an experienced mine-development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but (until recently) limited modern exploration. The company is developing the 100 sq km historic Santa Rosa gold project, located in the Antioquia Batholith. Development will initially commence with the San Ramon gold deposit, where a positive feasibility study supports project advancement. Project financing and permitting are currently underway.

Expert Comments:

Bob Moriarty, 321 Gold (5/27/15)
"Red Eagle Mining Corp. has made amazing progress. . .according to its feasibility study, the company will mine an average of 50 Koz for an eight-year mine life, but those numbers are totally deceptive. [CEO] Ian Slater's goal has always been to get into production as soon as possible and to expand mine life and production out of cash flow rather than to build as big a resource as possible by continuing to tap the market for exploration dollars. Given the disaster that has been the mainstay for exploration companies since 2011, this plan is brilliant. . .the shares are cheap and reflect a lottery ticket where you already know most of the number and can guess the rest."

"I recently visited Red Eagle Mining Corp.'s Santa Rosa project in Colombia and I liked what I saw. There were paved roads from Medellin to close to Red Eagle's camp, about 8km away, with a decent dirt road connecting the base camp with the paved road. The team at Santa Rosa has worked hard to gain approval from the local community. About half of the capital requirements and 90% of the operating expenditures for Santa Rosa are in Colombian pesos, which has lost about 20% of its value versus the U.S. dollar since the feasibility study was published. That should allow Red Eagle to shave off about $5M from its initial capital requirements, and its all-in sustaining costs at Santa Rosa could be less than $700/oz. Orion Mine Finance put $65M into the project on the condition that Red Eagle raises another $15M. I expect that to happen in the next few weeks. The company is eager to start building its processing plant. . .Red Eagle has all the community support it needs and is fully permitted. It's going to be an underground mine. That means there won't be any scars on the landscape because this is not your typical low-grade, open-pit copper-gold project in Colombia. The impact will be minimal. It's also a case study for the Colombian government because it wants to show its foreign investors that mining works in Colombia." read more >

Thibaut Lepouttre, Caesars Report (5/13/15)
"Our recent site visit has strengthened our opinion Red Eagle Mining Corp.'s Santa Rosa will very likely be much larger than what the market is currently anticipating. The company is already trading at a dirt cheap valuation. . .so you can buy Red Eagle for just half of the fair value and you get the additional exploration upside and the benefits of a weaker Colombian peso thrown in for free."

"Things are getting more interesting in Latin America. Countries, such as Colombia, that were more or less relying on oil and gas exports and didn't make it easy for the mining companies to get permitted, are finally issuing permits. Red Eagle Mining Corp. received its environmental license for its fully financed San Ramon gold mine in Colombia." read more >

Bob Moriarty, 321 Gold (4/7/15)
"The management group at Red Eagle Mining Corp. has done more in less time under the worst of conditions than any other company I know of. . .now that permitting and financing is behind the company, the share price will start moving higher as progress is made. All buying of resource shares is based on safely removing risk. Red Eagle has reduced the risk and increased the potential a lot. If you like gold, you have to love Red Eagle."

Ash Guglani, Salman Partners (3/26/15)
"Red Eagle Mining Corp. announced it has come to an agreement with Orion Mine Finance Group and has arranged $65M in project financing including a $60M credit facility and a common shares private placement. . .we acknowledge the continuous effort by management to derisk the San Ramon gold deposit."

More Expert Comments

Experts Commenting on This Company

Brent Cook, Analyst, Geologist Exploration Insights
Adrian Day, Founder – Adrian Day Asset Management
Oliver Gross, Chief Editor and Analyst Der Rohstoff-Anleger
Ash Guglani, Analyst – Salman Partners
Jeb Handwerger, Author Gold Stock Trades
Tommy Humphreys, Author – CEO.CA
Louis James, Analyst – Casey Research
Thibaut Lepouttre, Editor Caesars Report
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Bob Moriarty, Author 321 Energy , 321 Gold
Björn Paffrath, Director – Stabilitas-Fonds
Jordan Roy-Byrne, Editor/CMT The Daily Gold
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.

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
 
Gold production in Colombia in 2016
 
Three years from discovery hole to Feasbility Study
 
53% IRR
catalyst Calendar
Q3
2014
Mining Permit Granted
Q1
2015
Project Financing to be Completed
Q1
2015
Final Permit to be Granted
Q2
2015
Construction to Commence
Q2
2016
Production to Commence
Red Eagle Mining Corp. Content