Silver Breakout “Test” Important For Precious Metals

Lorimer Wilson from MunKNEE.com summarizes 18 different predictions for the price of silver and they range from $7-700 per ounce. [more]

Torex Gold Resources has agreed to acquire Prime Mining in an all-share transaction valued at approximately $449 million. The transaction implies an enterprise value of roughly US$322 million and values Prime at about US$108 per gold equivalent ounce based on total Indicated and Inferred resources of approximately 3.0 million ounces. Prime shareholders will receive 0.060 Torex shares per share held and will own about 10.7 percent of Torex following closing. The acquisition adds the Los Reyes gold-silver project in Mexico to Torex’s development pipeline and increases its silver exposure. [more]

We have written a 53-page Industry Report on “Royalty and Streaming Companies: A Low-Risk Path to Mining Exposure”. The report highlights the mining royalty and streaming sector as it has become an increasingly attractive investment avenue for those seeking exposure to the mining industry. Royalty and streaming companies generate revenue by providing upfront capital in exchange for a percentage of future mine production or revenue. This business model allows them to benefit from long-term mine production without incurring the high costs and uncertainties associated with direct mine operations. This report explores the industry landscape, recent developments, and an overview of 18 companies shaping this sector. Sailfish Royalty Corp. (TSXV: FISH) is a featured company in the report. Other companies include Franco-Nevada (TSX: FNV), Royal Gold (NASDAQ: RGLD), Sandstorm Gold (TSX: SSL), and Wheaton Precious Metals (TSX: WPM). [more]