M&A Winds Swirling in the Gold Space

Consolidation in the gold mining industry continues. This week was very active. A Bloomberg article mentioned IAMGold was considering various options with advisers, although the next day IAMGold issued a statement tempering that down. We saw Atlantic Gold get acquired for C$2.90 a share, which is an enterprise value of C$802M. St. Barbara was the … Continue reading M&A Winds Swirling in the Gold Space

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Kirkland Lake Gold Q1 Earnings Preview

Kirkland Lake Gold reports earnings before market opens on Tuesday, May 7. Given production and sales numbers previously reported on April 5, I am not anticipating any major surprises particularly when compared to Q4 2018. Q1 production came in at 231,879 ounces, compared to 231,217 in Q4 2018 Q1 sales came in at 232,929 ounces, … Continue reading Kirkland Lake Gold Q1 Earnings Preview

Kirkland Lake Gold – Lakewood Capital Short Idea – My Perspective

Kirkland Lake Gold is a new short by Lakewood Capital, according to a 1Q letter Bloomberg obtained. In their thesis, Lakewood sees “potential downside to $17 per share as the stock has swelled to levels far in excess of its underlying asset value.”   While I have not seen the report, I did some back … Continue reading Kirkland Lake Gold – Lakewood Capital Short Idea – My Perspective

Wesdome Next Kiena Update – What to Watch

The last time Wesdome updated the market with Kiena exploration results was on January 28, 2019. Back then it was determined that there was extensions in excess of 50m on both the up and down plunges. In particular, the takeaway from the last press release indicated an increasing confidence in the up-plunge with visibility of … Continue reading Wesdome Next Kiena Update – What to Watch

MVIS | GDXJ Rebalance Season is Here – The Latest

It is that time of year again.  The MVIS Global Junior Miners Index completed their quarterly review.  VanEck Vectors Junior Gold Miners ETF (GDXJ) tracks MVIS and thus any changes by MVIS will be reflected in GDXJ.  Got that?  The changes, as taken from MVIS site, are as follows (https://www.mvis-indices.com/indices/hard-asset/mvis-global-junior-gold-miners): Addition: Aurelia Metals Ltd Deletions: AngloGold … Continue reading MVIS | GDXJ Rebalance Season is Here – The Latest

Wesdome Gold Mines Q4 and 2018 Conference Call – Fly Eagle Fly!

Wesdome Gold Mines (WDO.TO | WDOFF) reported Q4 and 2018 financial results on Thursday, February 21 after markets closed. Management then held a conference call at 10am this morning (https://edge.media-server.com/m6/p/hm9wut3y). Here are my main takeaways. Note some of the below are my own interpretations from the call and not representative of what was said by … Continue reading Wesdome Gold Mines Q4 and 2018 Conference Call – Fly Eagle Fly!