Report
EUR 95.89 For Business Accounts Only

Survey of Junior Resource Companies Under Coverage Strong Focus on Exploration and M&A in 2021

This report presents the results of a survey of junior resource companies we cover conducted in January 2021.

The survey was sent to executives at 99 junior resource companies, including producers, developers, and explorers, targeting a wide range of metals, including precious metals, base metals, uranium, and electric vehicle (“EV”) metals.

Our objective for the survey was to gain insights on managements’ plans for 2021, and potentially identify themes or trends that can provide insight to investors.
Underlyings
Aurcana Silver

Aurcana is engaged in the production of copper, silver and zinc and the exploration and development of natural resource properties.

Barrick Gold Corporation

Barrick Gold is engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Co. also produces copper and hold interests in oil and gas properties located in Canada. Co.'s mining operations are concentrated in three regional business units: North America, South America and Australia Pacific. Co. also hold a 73.9% equity interest in African Barrick Gold plc that owns gold mines and exploration properties in Africa. Co.'s copper business unit contains producing copper mines located in Chile and Zambia; and a mine under construction located in Saudi Arabia.

Cornerstone Capital Resources Inc.

Cornerstone Capital Resources through its subsidiaries is engaged in the evaluation, acquisition and exploration of mineral properties in Canada and Ecuador. Co. plans to ultimately develop the properties as joint ventures, bring them into production, option or lease properties to third parties, or sell the properties outright. Co. has not determined whether these properties contain ore reserves that are economically recoverable and Co. is considered to be in the exploration stage.

E3 Metals Corporation

Gran Colombia Gold Corp

Gran Colombia Gold is engaged in the acquisition, exploration, development and operation of gold properties in Colombia.

Newmont Corporation

Newmont is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. The company is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions; North America, South America, Australia, Africa and Nevada.

Panoro Minerals Ltd.

Panoro Minerals is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties, primarily copper and gold, in Peru.

Provider
Fundamental Research
Fundamental Research

Since 2003, Fundamental Research Corp has provided the highest institutional quality equity research coverage on over 250 small and micro cap public companies through our extensive distribution network. Since 2009, we have also issued over 80 reports on exempt market (private) securities. Our research is being used by some of the largest institutional investors in the world who access it through channels such as Reuters, Capital IQ, the Globe and Mail, and by subscription. Our goal from the beginning was to provide high quality research to a broad audience, while adhering to high ethical standards and a strong foundation of integrity. These principles are evident in everything we do.

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Analysts
Sid Rajeev

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