RD:TSX.V; RDEMF:OTCQX; RD:BVL

Red Eagle Mining Corp.

Red Eagle Mining is a well-financed gold exploration and development corporation 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. Red Eagle Mining is developing the 100 square kilometre historic Santa Rosa Gold Project located in the Antioquia Batholith. Construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence during the second half of 2016.
RD:TSX.V RDEMF:OTCQX RD:BVL

Expert Comments:

"One of the companies that we find particularly interesting is Red Eagle Mining Corp., which is just finishing its mine build-out and should start its pre-commercial production probably in Q4/16. I mentioned that we're typically looking for companies that have a catalyst to their business that will drive revenue, cash flow and earnings. Red Eagle really fits that profile in that it's a company that was financed by management. It hasn't relied on brokers and The Street to finance it. As a result, there's no analyst coverage on the stock. The company did the initial drilling on its project, and the numbers came in quite good. It continued to do infill drilling, which showed that the numbers that it had in its feasibility and economic assessment are actually better than the numbers that it originally looked at. It's going into production here fairly soon. Typically, these companies, when they first make their discoveries, have a huge run-up in their share price and then a lag in between when they find the discovery and when they move forward with getting a mine built. Moving up into the production phase, we typically see the stock price start to come up again. Then the analysts start to look at it on a cash-flow basis of where they're going to be at. When we look at Red Eagle compared to a peer group and where we think its production and cash flow will be, the valuation is about half of what we think the peer group is at." read more >

Charles Sherwood, Seeking Alpha (7/23/16)
"Red Eagle Mining Corp. is a gold developer and near-term producer in Colombia currently constructing the San Ramon Gold Mine at its wholly owned Santa Rosa Project; Santa Rosa is a high-grade project with reserves of 405,000 oz grading 5.2 g/t that will have low all-in sustaining costs. The project is fully permitted and fully funded through construction. . .Red Eagle is worth a look as it is one of only a few near-term producers and this is often a sweet spot for investors where mining companies make the transition from developer to producer."

Gwen Preston, Resource Maven (6/1/16)
"Red Eagle Mining Corp. is showing that investors are still very interested in good gold stories. . . RD advanced a project through feasibility and permitting and into construction during the bear market and is now perhaps six months from pouring gold that will be the biggest gold mine in Colombia. The San Ramon mine will tap into one mineralized shear zone. . .a resource that extends 2 km along strike. . . RD is looking good on the financial front. . . It’s a good asset with great numbers in a workable jurisdiction that is largely de-risked and ready to go."

Ivan Lo, The Equedia Weekly Letter (5/1/16)
"Red Eagle Mining Corp.'s San Ramon gold deposit offers a great IRR, a very low preproduction capital requirement and an extremely low all-in sustaining cost. . .all-in costs [are] projected to be just $670/oz. . .the company is now on track to make its first gold pour in September. . .combine this with the first real exploration drilling from Red Eagle later this year and we could witness some very strong market moving events. . .the company is fully funded for production and exploration, it controls the high-grade Vetas asset and it's extremely undervalued when compared to its peers."

I looked at Red Eagle Mining Corp.'s project a couple of years ago while I was in Colombia. We decided to point it out because it's one of the first major projects that has been able to actually get through the permitting phase in Colombia. There are a couple of reasons for this. One is that Red Eagle has done a good job on the community side and has its social license. It has communicated well with all of the stakeholders in the region. It also doesn't have the artisanal mining problems that some of the other players in the area do, at least not to the same extent, which has made the permitting process a little easier. In addition, Red Eagle's project is an underground operation; it's not looking at constructing a large-scale open pit. Red Eagle now has everything in hand, including project finance, which I think is worthy of quite a bit of attention. It also is a pretty attractive deposit, a little bit over 5 grams/tonne (5 g/t) and a little over 400,000 ounces gold. There is quite a bit of exploration potential there as the deposit remains open down-dip and to the east, as well as offers a few satellite targets. We thought Red Eagle was one to definitely keep our eyes on because of how well it has been advanced, how it is fully funded and how it has exploration potential. read more >

Barry Allan, Mackie Research Capital (3/7/16)
"Red Eagle Mining Corp. is a Vancouver-based exploration and development company that owns 100% of its flagship Santa Rosa gold project in Colombia. The company recently commenced construction at the fully financed and permitted Santa Rosa project, with initial production expected in H2/16. . .a 2014 feasibility study highlighted average annual production of 70 Koz at cash costs of $596/oz, leading to an after-tax internal rate of return of 32% using $1,100/oz Au and 53% using $1,300/oz Au. . .the mill is being designed with the ability to expand throughput to 2,000 tpd (from 1,000 tpd) with relative ease."

More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Bruce Campbell, Founder and Portfolio Manager – Stonecastle Investment Management
Bruce Campbell, President – Campbell & Lee Investment Management
Ryan Hanley – Mackie Research Capital
Paul Harris – Colombia Gold Letter, Trident Gold Corp
Thibaut Lepouttre, Editor Caesars Report
Ivan Lo The Equedia Weekly Letter
Bob Moriarty, Author 321 Energy , 321 Gold
Gwen Preston, Founder Resource Maven

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Gold production in Colombia in 2016
 
Three years from discovery hole to Feasbility Study
 
53% IRR
catalyst Calendar
Q2
2016
Production to Commence