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:

"One company that should really be on the radar of investors is Red Eagle Mining Corp. in Colombia. Its Santa Rosa project has outstanding economics: a 53% pre-tax IRR, cash costs of $596/oz and an initial capex of only $74M. The only reason it is deeply discounted is because Colombia has been out of favor as a jurisdiction. Santa Rosa could get its final permit within a couple of months, and with this approval shares should be rerated." read more >

"Red Eagle Mining Corp.: In late October, a big shareholder dumped shares. The stock tumbled from $0.30 to $0.17 in a day. Management was buying the hell out of the stock. I bought some because the price was so stupid. The stock price has doubled since then and the company is going into production. I love guys who actually do what they say they're going to do. It has great management and a great project. . .there is absolutely still upside. The company is valued at about $22M today. It was worth 50% more than that a year ago. Management has drilled a great project in a friendly country, raised money, spent it wisely and its going into production. It may not be as cheap as it was, but it's still pretty cheap." read more >

Ash Guglani, Salman Partners (2/3/15)
"Red Eagle Mining Corp. this morning announced the completion of a $1M private placement with a strategic investor. . .involving the issuance of approximately 3.8M shares at CA$0.33 per share. . .proceeds will be used for predevelopment work at the San Ramon gold deposit (Santa Rosa gold project) and for working capital."

"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."

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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