Kerr Mines Inc.

Kerr Mines is a North American gold development and exploration company based in Toronto, Canada. Kerr Mines’ focus is to commence gold production of its Copperstone property in Arizona, United States.

Expert Comments:

The Canadian owner of this gold mine remains focused on commencing production there.
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These new findings at the high-grade gold project are improved over last year's.
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Technical analyst Clive Maund charts a gold miner that is advancing its project to production.
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The company's efforts advance the high-grade project toward production.
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With major financing from Sprott Private Resource Lending and a private placement, a mining company arranges to further develop its high-grade gold project in Arizona.
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headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

"Kerr Mines Inc. announced a prefeasibility study (PFS) on its fully permitted Copperstone project. . .the PFS showed robust economics with an after-tax internal rate of return of 40.1% at a gold price of $1,250/oz. . .at an average grade of 7.36 g/t (across the resource categories), the Copperstone project is of significantly higher grade than most of the deposits in the western U.S."

Jeff Nielson, Stockhouse

"Kerr Mines Inc.'s flagship property is the Copperstone Gold Project, in western Arizona. . .between 1987–1993, approximately 500,000oz gold were extracted from an open-pit operation at Copperstone, at which point mining operations ceased. In 2002 American Bonanza Gold Corp. acquired the project, and exploration drilling showed that gold mineralization continued at depth and laterally with respect to the original pit. . .the strong bull market conditions that had persisted since early 2009 abruptly reversed. . .lack of capital affected mine development. . .Kerr is the beneficiary of the misfortune of American Bonanza. The company acquired these assets at a liquidation price. The mill remains permitted and operational."

headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

"Kerr Mines Inc. is advancing the fully permitted Copperstone project in Western Arizona. The project is a historic producer having produced 514 Koz of gold between 1987 and 1993. . .Kerr has a brand-new management team and board. The Chairman and the CEO own 34.4% of the outstanding shares. . .a preliminary feasibility study is expected in Q1/18. We expect a significantly robust PFS versus the 2010 FS primarily because of the potential for a significant increase in the resource estimate. . .we are initiating coverage on Kerr with a BUY rating and a fair value estimate of $0.69."

Experts Following This Company

Clive Maund –

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Investing Highlights
High Grade Advanced Gold Project
Near Term Production Potential
Excellent Exploration Targets
catalyst Calendar