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.

Expert Comments:

"Red Eagle Mining Corp. is an absolutely terrific story. It went from drilling the very first exploratory drill hole to test for gold to producing gold in five years. In this industry, that is a record. It did it on budget and on schedule. That's very impressive. Red Eagle says it is going to announce commercial production sometime in the next few months, but it could be as soon as in the next few weeks. We think it's going to be a very profitable mine. We focus on the cash flow. We think Red Eagle trades at a tremendously cheap cash flow multiple. The EV:EBITDA is less than 3. Next year in 2018 it'll be less than 2, which is just too low for any company anywhere. So it has a great future, and the valuation is very compelling." read more >

Gwen Preston, Resource Maven (1/18/17)
"Red Eagle Mining Corp. released results from 107 holes, drilled from eight pads spaced along 300m of strike. . .some of the better results included: 2.7m of 20.56 g/t gold; 2.1m of 42.6 g/t gold; 5.2m of 33.4 g/t gold. . .the mine plan at San Ramon assumed an average mining width of 3m and an average grade of 5.2 g/t gold. . .the full batch included many examples of longer intercepts and higher grades than modeled. Positive reconciliation is a good thing for a new mine and these results suggest that’s in store for San Ramon."

Ivan Lo, Equedia Letter (1/8/17)
"Red Eagle Mining Corp. is at the brink of commercial steady-state gold production; I see this happening in late Q1 to early Q2. After a quarter of achieving that milestone and showing investors the cost of production etc., we'll likely see more activity in their stock; I suspect there are bigger players seriously looking at Red Eagle – if they can produce good numbers, I would not be surprised to see them make a move. . .the company will have lots of exploration results coming, which could help boost share prices even if gold trades sideways."

Independent Investment Research (12/28/16)
"Construction of Red Eagle Mining Corp.'s 100%-owned Santa Rosa Gold project in Colombia is on track to be completed on time and on budget, with first gold production by the end of 2016. The San Ramon Gold Mine is a 1000tpd underground operation with a projected 2017 production of 70,000oz. . .CB Gold, a 69% owned subsidiary of Red Eagle, holds 100% interests in two other projects: the Vetas Gold Project and the Santa Ana Silver Project 190km ENE of Bogota. . .both have returned high grade intersections."

Thibaut Lepouttre, Caesars Report (12/21/16)
"Red Eagle Mining Corp. is in the final stages of commissioning the San Ramon gold mine in Colombia, after completing a first gold pour in November. Commercial production is expected in Q1/17, but Red Eagle is working on an extensive ore delineation drill program to make sure it knows exactly where the gold-rich ore in the underground veins is. . .Red Eagle has now released the assay results of almost 100 holes to the market, and the results are actually exceeding expectations as the intercepts are both longer and higher grade compared to the mine plan in the feasibility study."

Gwen Preston, Resource Maven (12/21/16)
"This is a story that offers rerating potential as Red Eagle Mining Corp. gets recognized as a producer as well as expansion opportunity as the team gets back to exploring some of the really prospective targets around the mine."

More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Paul Beattie – BT Global Growth
Bruce Campbell, Founder and Portfolio Manager – Stonecastle Investment Management
Bruce Campbell, President – Campbell & Lee Investment Management
Ryan Hanley – Mackie Research Capital
Thibaut Lepouttre, Editor Caesars Report
Ivan Lo The Equedia Weekly Letter
Stuart McDougall, VP Research Analyst – Jennings Capital
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
Production to Commence