Gold

At PDAC 2025’s Investment Leaders Forum, panelists discussed key strategies for investing in small-cap mining companies. Moderator Kai Hoffmann led a conversation with Robert Cohen of Scotia Global Asset Management and Willem Middelkoop of the Commodity Discovery Fund. They emphasized the importance of technical expertise, geopolitical awareness, and strategic risk management. Topics included emerging discoveries in gold, copper, and uranium, as well as the role of critical metals like antimony. With M&A activity increasing and geopolitical shifts impacting the sector, investors must remain adaptable. Their bottom-up approach focuses on exceptional discoveries and long-term value creation in the resource industry. [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]

The PDAC 2025 Convention, taking place in Toronto from March 2-5, features a keynote program covering four key themes: Commodity Outlook, Mining Industry Outlook, Technology & Innovation, and Discovery of the Year. Industry leaders, including BHP’s CEO Mike Henry and veteran investor Eric Sprott, will discuss the metals demand for 2050, trends in Canadian mining, and the impact of AI and satellite technology on exploration. The Discovery of the Year session will highlight the Onto copper-gold discovery in Indonesia. [more]

After Newmont acquired Newcrest, Newmont is reshaping its portfolio, selling non-core assets at significantly higher valuations. The 2024 divestiture program has raised $3.9 billion so far, exceeding its $2 billion target. Highlights include $909 per ounce of Reserves it received for Akyem from Zijin and $567 for Musselwhite from Orla, compared to $198 per ounce paid for the Newcrest’s Reserves. By focusing on Tier 1 gold and copper assets, Newmont is positioning itself for sustained growth and enhanced shareholder returns. [more]

Silver Bullet Mines (SBMI), a Canadian silver and copper exploration company, reported significant progress at its Super Champ and Washington properties. At Super Champ, assays revealed high-grade silver and gold potential, including historic workings with samples up to 1,093.2 oz/t silver. The Washington Mine development targets historic high-grade zones with plans to resume mining from the 150-foot level to the surface. These developments align with SBMI’s strategy to process third-party material at its Globe, Arizona mill, generating revenue while advancing its core assets. Recent updates support eResearch’s revised one-year target price of $0.20 and two-year target price of $0.35. [more]

Gold Fields (JSE: GFI) has announced an agreement to acquire Osisko Mining (TSX: OSK) in an all-cash transaction valued at $2.16 billion. The acquisition, which includes the Windfall Project in Quebec, enhances Gold Fields’ portfolio by adding a high-grade gold development asset in a stable region. Osisko shareholders will receive $4.90 per share, representing a 55% premium to the 20-day VWAP as of August 9, 2024. The transaction is expected to close in Q4/2024, subject to regulatory and shareholder approvals. [more]

Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) has entered an agreement to acquire Ensign Minerals Inc., enhancing its asset base with the addition of the Mercur Gold Project in Utah. This strategic acquisition, valued at C$21.9 million, is set to increase Revival Gold’s production capabilities to approximately 150,000 ounces of gold annually, propelling it towards becoming a mid-tier heap leach gold producer in the US. The transaction includes a concurrent financing of C$7 million to support ongoing development and exploration efforts, emphasizing Revival Gold’s commitment to growth and operational efficiency. [more]

At the PDAC 2024 conference, Rick Rule shared insights into the resource sector’s investment landscape. Highlighting the underpricing in commodity markets due to geopolitical tensions and investor pessimism, Rule outlined strategic investment recommendations across the oil & gas, uranium, and gold sectors. Emphasizing the importance of quality, liquidity, and experienced management, Rule’s presentation offered a guide for investors aiming to navigate the volatile commodity markets. His bullish outlook, backed by a strategic approach to undervalued sectors, provides a blueprint for capitalizing on current market opportunities. [more]