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:

"In Colombia, I like Red Eagle Mining Corp. Red Eagle expects to receive its final permit for the Santa Rosa project in San Ramon before the end of the first quarter of 2015. This ought to be an extremely profitable operation, with all-in sustaining costs less than $800/oz. At a $1,100/oz gold price, that generates a positive after-tax net present value. Santa Rosa is a small, very neat operation. It will be quite easy to finance it because the upfront capital expenditure is only $75M. Plus, Red Eagle is being backed by Appian Natural Resources Fund and by Liberty Metals & Mining. It's one of the most promising South American gold stories." read more >

"One company with a near-term catalyst on the horizon is Red Eagle Mining Corp. It has one of the most economic, high-grade, low-cost mines out there. It is deeply discounted because it is in Colombia, but I think it has a good chance of getting the last permit and developing the San Ramon mine." read more >

Thibaut Lepouttre, Caesars Report (12/8/14)
"Red Eagle Mining Corp. remains on track to develop its low-cost San Ramon mine. . .the company has had a very busy 2014, as it completed a feasibility study which outlines a low capex and low opex gold mine in Colombia. With an all-in sustaining cost per ounce of less than $775, the San Ramon mine will be viable, even if the gold price would drop towards $1,000/oz. The mining technical work plan was approved in Q3/14 as well, which means that Red Eagle only needs to secure one additional permit, and we expect this permit shortly."

Bob Moriarty, 321 Gold (11/17/14)
"The numbers for Red Eagle Mining Corp. are outstanding and will get better. The management team is as solid as any I know in South America; they will raise the money for construction and will be in production in early 2016."

Jeb Handwerger, Gold Stock Trades (10/27/14)
"Red Eagle Mining Corp. published a definitive feasibility study showing some of the best economics in the business on their San Ramon deposit in Colombia. All that they are waiting for is the final environmental permit, which could come soon."

"I like Red Eagle Mining Corp. in Colombia's Antioquia Department. Red Eagle's key deposit, San Ramon at its large Santa Rosa gold project, has amazing economics. Its September feasibility study outlines average production of 50 Koz gold per year over eight years with operating cash costs of only $596/oz and all-in costs of $763/oz. Positive economics include cash flow of $132M, an NPV of $104M and an internal rate of return of 53%. The capex is only $75M, and the payback period is just 1.3 years. Red Eagle needs one more permit to build one of the world's most profitable gold mines. What is really important to understand here is that this smaller-scale underground operation is only a starter point and Red Eagle has clear plans to significantly expand gold production in future. I visited San Ramon this year, and it exceeded my already high expectations. It has great infrastructure and exploration potential, great management and project team, and almost peerless community relations. I completely trust in the skills and visions of Red Eagle's CEO, Ian Slater, as well." read more >

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