Ron Stewart
Ron Stewart, P.Geo., has over three decades of experience in the mining industry and is currently senior mining analyst with Dundee Securities. He was formerly a research analyst of metals and mining with Macquarie Equity Research, CEO of Belo Sun Mining and senior vice president of exploration at Kinross Gold.
Recent Articles
Gold Explorer-Developer is Deemed Top M&A Target 12/09/2025
NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) is one of a dozen companies on Red Cloud Securities' 2026 Endangered Species List, the mining investment bank noted in a report.
Explorer With Tier 1 Gold Asset on Takeout Target List 12/08/2025
Pasofino Gold Ltd. (VEIN:TSX.V; EFRGF:OTCQB; N07:FSE) is one of a dozen companies on Red Cloud Securities' 2026 Endangered Species List, the mining investment bank noted in a report.
Co. Now Has All Permits to Build, Run Gold Mine 12/01/2025
NexGold Mining Corp.'s (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) latest achievement in advancing its Goldboro project toward construction is receiving the last regulatory approval required, noted a Red Cloud Securities report.
Exploration Co. Finds Excellent 173 g/t Silver Grades in Bolivia's Tin Belt 11/26/2025
Eloro Resources Ltd. releases assay results from two more drill holes as part of a definition drilling program at its Iska Iska Ag-Sn (silver-tin) polymetallic project. Read why Red Cloud Securities Analyst Ron Stewart noted the update as a positive for the company.
Coverage Launched on Co. With Gold Project in West Africa 11/24/2025
Pasofino Gold Ltd. (VEIN:TSX.V; EFRGF:OTCQB; N07:FSE) boasts a feasibility-level, development project, a focused and experienced management team, a committed shareholder base and a strategic plan, which should "translate into a smooth ride to profits," noted a Red Cloud Securities report.
Gold Co. Completes Infill Drilling at Project in Nova Scotia 08/28/2025
NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) now plans to update the mineral resource estimate and the feasibility study of Goldboro, one of its two flagship assets, noted a Red Cloud Securities report.
Infill Drill Results from Nova Scotia Impress Analyst 07/31/2025
NexGold Mining Corp. (NEXG:TSX.V; NXGCF:OTCQX; TRC1:FSE) will incorporate these latest assays into its Goldboro mineral resource estimate update expected this year, noted a Red Cloud Securities report.
Gold Explorer Acquires Premium 3.1M-Ounce Deposit in Nova Scotia 12/23/2024
NexGold Mining Corp. (NEXG.V:TSXV; NXGCF:OTCQX; TRC1.F:FRA) recently announced the merger completion with Signal Gold, which brought in the 3.1-million-ounce Goldboro gold deposit, according to a Red Cloud Securities research note.
Canadian Gold Co. Gains Research Coverage 09/11/2024
A portfolio of assets, a clear growth strategy and seasoned management are some of the attributes of this undervalued explorer-developer, noted a Red Cloud Securities report.
Analyst Says Gold Co. Offering Superior Returns on the Path to Production 05/10/2024
Thesis Gold Inc. is focused on advancing the exploration, engineering, and metallurgical test work on the combined project to create a new, intermediate gold producer, according to a Leede Jones Gable research note.
Analyst Launches Coverage on Gold E&D Co. 03/15/2024
The Buy-rated Canadian firm is advancing its flagship project in Guyana, aiming to reach the construction decision point next year, noted a Leede Jones Gable report.
Investment Firm Impressed With Metals Exploration Co. 03/12/2024
The Canadian corporation checks all of the boxes for a compelling investment and offers a 161% potential return, noted a Leede Jones Gable report.
Recent Quotes
"After the FS on VEIN's Dugbe, the gold industry will take notice."
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Ron Stewart, Red Cloud Securities
(12/2/25)
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"An NEXG acquirer could enhance a growth pipeline in one fell swoop."
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Ron Stewart, Red Cloud Securities
(12/2/25)
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"ELO's Iska Iska is one of world's largest undeveloped tin projects."
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Ron Stewart, Red Cloud Securities
(11/20/25)
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"NEXG received the final permit required for construction of Goldboro."
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Ron Stewart, Red Cloud Securities
(11/13/25)
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"We are initiating coverage on VEIN with a Buy rating."
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Ron Stewart, Red Cloud Securities
(11/12/25)
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"NEXG received federal approval for Goldboro."
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Ron Stewart, Red Cloud Securities
(11/7/25)
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"VEIN expects to deliver an updated FS by mid-2026 at Dugbe."
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Ron Stewart, Red Cloud Securities
(11/7/25)
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"We consider the infill drill program at NEXG's Goldboro a success."
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Ron Stewart, Red Cloud Securities
(8/21/25)
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"NEXG's reported assays featured grades up to 108.75 g/t Au."
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Ron Stewart, Red Cloud Securities
(7/25/25)
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"NEXG's new drill results should bolster Goldboro's resource size."
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Ron Stewart, Red Cloud Securities
(5/20/25)
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"We expect development on NEXG's Goldboro to begin in late 2025."
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Ron Stewart, Red Cloud Securities
(4/24/25)
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"NEXG's merger with Signal allows it to bet on two horses at once."
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Ron Stewart, Red Cloud Securities
(12/19/24)
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"NEXG entered into a definitive agreement to merge with Signal Gold."
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Ron Stewart, Red Cloud Securities
(10/11/24)
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"We are initiating coverage on NEXG with a Buy (Speculative) rating."
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Ron Stewart, Red Cloud Securities
(9/6/24)
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