How do you evaluate a junior gold miner systematically?

You evaluate a junior miner systematically by applying the same structured steps to every name in the same month — correct the AISC, value it under two scenarios, weight the nine factors to its stage, and re-derive every input from current filings — so conclusions come from a consistent method rather than a per-name narrative.

Start with the cost truth (AISC corrected for the equivalent-ounce trap), because margin is the foundation every downstream number sits on.

Value under both futures (Scenario B executed vs Scenario A miss), weight the nine factors to the stage, and read the Re-Rate Score for catalyst timing — each step is a separate cornerstone page.

Do it for the whole cohort, monthly, with a Data Quality Score qualifying each read — consistency and breadth are what make the individual numbers comparable.

Worked example

  • WDO.TOproducer / cost truth
  • TDRRFdeveloper / share structure
  • CYL.AXhybrid / transition
  • VGZpermitted developer / dual scenario
  • VZLA.TOsilver / jurisdiction-vs-upside
See the methodology applied across 300 miners — Sign up free