Newsletter Favorites Sorted by Quality (April 2026)

Don Durrett Apr 24, 2026

Summary

Durrett ranks the 89 gold and silver stocks he owns on upside, downside risk, and company quality — a system investors can copy.

His 'three-five' score marks a likely five-bagger — a stock he expects could multiply roughly five times from current levels.

Only four holdings earn an A, reserved for low costs, clean balance sheets, and consistent execution — Australian mid-tier producers dominate the top.

Country risk caps otherwise strong names: West African, Mexican, and Colombian exposure keeps ratings below top marks.

He flags likely takeover targets among focused developers and producers still generating free cash flow.

Key points on Artemis Gold

Don Durrett counts Artemis among his 'shark' names - holdings he expects to find a way to grow.
He is waiting to see who Artemis acquires in order to add scale.

Key points on B2Gold

Don Durrett puts B2Gold in the group of names he thinks could move up to B+ quickest.
He says a couple of good quarters would do it and that 'they have their possibility there'.

Key points on Coeur Mining

Don Durrett says Coeur now produces about 900,000 ounces of gold versus roughly 700,000 at Pan American Silver, so he expects Coeur to generate more revenue than Pan American.
He notes both sit at about 20 million ounces on his figures, and says it still takes him time to get his head around that reversal.
Coeur is one of two A-rated names on his list but carries a moderate risk label because its balance sheet is not cleaned up yet.
He says once the balance sheet is cleaned up the risk label should move from moderate to 'some'.

Key points on DPM Metals

Don Durrett rates DPM Metals as not quite a five-bagger, but very close to one.
He highlights that DPM generates a lot of free cash flow.
He notes the company focuses mainly in Eastern Europe.
That location risk is why he does not give it a 3.5 on the downside rating.

Key points on Equinox Gold

Don Durrett treats Equinox Gold as a likely five-bagger with an A-minus quality rating.
He says the company has got its act together, noting it was a B-minus not long ago.
Equinox generates a lot of free cash flow, he says, with quality, diversified properties.
West Africa is the reason he does not give it a 3.5 on the downside, and he frames West African risk as the standing discount on the stock.

Key points on First Majestic Silver

Don Durrett has First Majestic just below a 3.5 on the downside rating but still rates it an A-minus on quality.
He gives no further detail on what holds it back.

Key points on Fresnillo

Don Durrett calls Fresnillo the number one silver producer, at about 50 million ounces of silver a year.
He says he is surprised he has not rated it a 3.5 on the downside because he sees it only as a marginal five-bagger.
That marginal multiple profile is what keeps Fresnillo out of the 3.5 bucket.
He is also surprised his downside rating is only a 3, which he attributes to Fresnillo being all in Mexico.

Key points on Genesis Minerals

Don Durrett describes Genesis Minerals as a mid-tier producer in Australia.
He puts its gold endowment at about 15 million ounces.
He calls it another 'shark', a company he expects to find a way to grow.

Key points on Hecla Mining Company

Don Durrett notes that all of Hecla's mines are in North America, which he gives as the reason its downside rating is a 2.5.
He expects to see a lot of his holdings move to 2.5 once those stocks double.
Hecla is one of two A-rated names on his list but is labelled moderate risk because its balance sheet is not cleaned up yet.
Once that is fixed, he says, the risk label should become 'some'.

Key points on IAMGOLD

Don Durrett describes IAMGOLD as a mid-tier producer that is close to being a five-bagger but currently carries a 2.5 rating.
That 2.5 is why IAMGOLD and Ramelius Resources are not in his blue tier.
He notes IAMGOLD is becoming more focused on Canada, which he regards as a positive.
He thinks IAMGOLD could possibly be acquired and is becoming attractive to a major.

Key points on Pan American Silver

Don Durrett describes Pan American Silver as a high-quality gold and silver producer with diverse locations and about nine producing mines.
He says Pan American produces about 700,000 ounces of gold, below Coeur's roughly 900,000.
On his numbers both are at about 20 million ounces, so he expects Coeur to out-earn Pan American.
He says Pan American at one time would have carried his ultimate 4-3-5 A-sum rating, and it is one of the names he feels needs little explanation.

Key points on Perseus Mining

Don Durrett keeps Perseus below a 3.5 because of its West Africa exposure.
He says Perseus just came out with a really good quarter.

Key points on Ramelius Resources

Don Durrett calls Ramelius another high-quality mid-tier producer in Australia.
Its 2.5 rating is why it is not in his blue tier, since he needs at least a 3 - a possible five-bagger - to be green or blue.

Key points on SSR Mining

Don Durrett says SSR Mining sold its Turkey project, which takes that overhang off the story.
He has SSR just under a 3.5 on the downside, but 3.5 with a B+ on quality.
He thinks SSR could easily move up to an A-minus.
He describes SSR as a shark, a company that likes to grow.

Key points on Alkane Resources Ltd

Don Durrett thinks Alkane is one of the names most likely to move up to B+ soon.
He cites a really good balance sheet right now plus growth.

Key points on Andean Precious Metals Corp

Don Durrett says Andean Precious Metals continues to execute well and definitely deserves a 4 B+.
He puts its market cap at about $1.5 billion.
He flags some mine-life issues but thinks the company will be okay for the next three years.

Key points on Aris Mining Corp

Don Durrett says Aris Mining keeps hitting, and that this is the last A-minus on his list.
It is expanding Marmotto in Colombia.
It has two more projects to build.
He says both still need to be permitted.

Key points on Aya Gold & Silver

Don Durrett describes Aya as a Northern Africa and Morocco story.
He says it is very close to being a 4-3-5 A.
The gap is Boumadden, where he says the outcome is still an unknown.
He could probably make it a 3.5 on the strength of Morocco alone, but not until Boumadden is built.

Key points on Bellevue Gold

Don Durrett describes Bellevue as another mid-tier producer in Australia.
It has had some problems but seems to be turning around, in his view.
He expects Bellevue to be the first of the Australian mid-tier eight to be taken out and is waiting to see who does it.
He also sees a lot of exploration potential.

Key points on Denarius Metals

Don Durrett says he really likes Denarius.
It is trying to acquire Emerita right now.
A thousand-tonne-per-day mill at Zancudo in Colombia is under construction.
He is very excited about the story.

Key points on Discovery Silver Corp

Don Durrett rates Discovery Silver a 4 B+.
It does not get a 3.5 because he is still waiting on permits, specifically for the Cordero project in Mexico.
He says Discovery has always been his favourite silver development play.

Key points on Eldorado Gold

Don Durrett says Eldorado Gold still remains cheap.
He credits it with over 15 million ounces of gold and says it executes well.
He keeps it as a five-bagger with a B+.

Key points on Fortuna Mining

Don Durrett calls Fortuna's team good and the company definitely quality.
The one issue he raises is size - at about three billion he is not sure it can be a five-bagger.

Key points on Gogold Resources

Don Durrett likes the GoGold project a lot and is waiting on its permit.
He says the rating would move to 3.5 once the permit is in hand.
He says an A-minus follows once it is in construction.

Key points on Greatland Resources Ltd

Don Durrett says he likes Greatland a lot and jokes that he has a crush on it.
He calls the Heveron project fantastic.

Key points on Integra Resources

Don Durrett says Integra has to get DeLamar further advanced before he would move it to B+.

Key points on Jaguar Mining Inc

Don Durrett says Jaguar Mining needs to expand production and that he is confident they will.
He has it rated very high at 4-3-5 B.

Key points on K92 Mining Inc

Don Durrett says K92 seems focused on its single asset project in New Guinea.
He adds that it keeps generating free cash flow.

Key points on Regis Resources Ltd

Don Durrett calls Regis a quality mid-tier producer in Australia.
It is another A-minus on his list.

Key points on Santacruz Silver Mining Ltd

Don Durrett says the Santacruz stock has been beaten up and is now down to about an $800 million valuation.
He still has it rated high at 4 B+.

Key points on Talisker Resources Ltd

Don Durrett says a couple of good quarters could take Talisker to B+.

Key points on West African Resources Ltd

Don Durrett cites what happened in West Africa with West African Resources as the reason he sold and removed another Burkina Faso-exposed holding this week.
His argument is that the state could take roughly 25% of revenue on an asset bought at about $65 an ounce in the ground.

Key points on West Red Lake Gold Mines

Don Durrett says West Red Lake has to expand production and that this is the key to the story.
He is confident they will do it.
He expects the downside rating to reach 3.5 once production expands.
He also thinks it could move up to an A-minus.

Key points on Westgold Resources Ltd

Don Durrett rates Westgold an A-minus on quality even though it shares a 3.5 risk-reward score with Capricorn Metals.
He thinks Westgold is getting closer and closer to becoming an A as gold prices go up.
Westgold and Capricorn are his two Australian favourites.
He describes both as high-quality mid-tier producers in Australia.

Key points on 1911 Gold

Don Durrett says 1911 Gold is going into construction.
He expects a really short construction period of about three months, putting production around Q1 of next year.
At roughly $2.32 he says the stock is still unbelievably cheap.

Key points on Chesapeake Gold

Don Durrett says Chesapeake Gold has to get its permit before it can move up to B+.

Key points on Emerita Resources

Don Durrett says Denarius is trying to acquire Emerita right now.

Key points on Montage Gold

Don Durrett says Montage's project is under construction.
The stock was really cheap but is now up to about $4 billion.
He still expects it to grow.

Key points on Silver Mountain Resources

Don Durrett says Silver Mountain is absolutely a name that could move to B+ if it gets into construction.
He expects production next year, possibly this year.

Key points on Silver One Resources

Don Durrett says Silver One recently moved to Candelaria and that he has it highly rated.
He is unsure whether he changed the rating, but thinks he did.
The key is getting Candelaria permitted, financed and into construction, which he hopes happens within two years.
He calls the stock very cheap at about $148 million.

Key points on Silver Storm Mining

Don Durrett says Silver Storm could move up to B+ once it is in production.

Key points on Silver Tiger Metals

Don Durrett says Silver Tiger is under construction right now.
The key for him is the second, underground mine, which makes it a long-term bet.
He also sees a lot of exploration potential on the property.

Key points on Skeena Resources

Don Durrett says Skeena is getting close to construction and that he likes it a lot, rating it highly.
He holds it below a 3.5 on the downside because of the ramp-up.
He says you never know when these mines get built.
He still worries about Skeena being acquired.

Key points on Vista Gold Corp

Don Durrett says Vista could move up if it gets into construction.

Don Durrett's takeaways

Top takeaway Don Durrett walks through the three-part rating system behind his 89-stock Premium Newsletter Favorites list: upside (baggers at $7,000 gold and $200 silver), downside as risk-reward (3.5 excellent, 3 very good, 2.5 marginal) and a newly added quality grade.
He says he owns all 89 stocks on the list, that he now works through it sorted by quality, and that only four names are rated A with about ten at A-minus.
He dropped the 'low' risk label in favour of 'some' because he does not believe there is any such thing as a low-risk mining stock.
He says the point of the video is that a striking number of his holdings screen as cheap, with many names carrying 3.5 and 4 ratings.
He sold one position this week and is removing it from the list, arguing Burkina Faso could take roughly 25% of revenue from a company that paid only about $65 an ounce in the ground.