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Every quarter, the mining research team at Haywood Securities writes a Junior Exploration Report covering many of the most active and exciting prospectors and developers today.

This morning, Haywood released their Q2 2015 report. Here's a quick introduction:

Since the release of our Junior Exploration Q1/15 Report in January, junior mining stocks have experienced a highly volatile 3-month period, with the S&P/TSX Venture Composite Index piercing above 700 in late February and falling below 660 both in mid-January and mid-March. Over this intervening period, the TSX Venture fell slightly (↓2%), closing at 695 at the time of publication. Running in concert with equity market volatility, and likely a leading derivative thereof, are the performances of precious metal prices, which have fluctuated significantly during Q1 in response to a number of macroeconomic factors, including sluggish Chinese and European economies and a strengthening U.S. dollar. Oil prices were highly volatile in Q1/15, after crashing by almost 45% in Q4/14; WTI crude prices in particular have fluctuated around US$50 per barrel. A brief rally in early February saw WTI rise 7% in 1 week, rising above $53 per barrel before falling as low as $42 per barrel in mid-March. This price volatility continued through the quarter as several factors, including oversupply and the refusal by OPEC nations to cut production, together with implications surrounding the military intervention by Saudi Arabia in Yemen and growing expectations that a U.S.-backed nuclear deal (now engaged) with Iran would be struck, played havoc with oil prices.

The report, which is 25 pages, covers the following companies in more detail:

  • Atlantic Gold Corporation (AGB-V)
  • Balmoral Resources Ltd. (BAR-T)
  • Calibre Mining Inc. (CXB-V)
  • Columbus Gold Corp. (CGT-V)
  • Constantine Metal Reosurces Ltd. (CEM-V)
  • NexGen Energy Ltd. (NXE-V)
  • North American Nickel Inc. (NAN-V)
  • Orca Gold Inc. (ORG-V)
  • Orex Minerals Inc. (REX-V)
  • Pure Gold Mining Inc. (PGM-V)
  • Reservoir Minerals Inc. (RMC-V)
  • Sulliden Mining Capital Inc. (SMC-T)
  • TerraX Minerals Inc. (TXR-V)
  • Vendetta Mining Corp. (VTT-V)

Contact jjones@haywood.com for a copy.

Related: Jonathan Jones and the five year plan . . .