Minera Vamonos

Why I’m long Minera Alamos $MAI.V $MAIFF. An abridged simplified version. Simply put, Minera Alamos is Wesdome 2.0, other than jurisdiction of course. A very similar setup is in front of me once again. The company will be going from small producer to potentially mid-tier in the next few years if all goes according to … Continue reading Minera Vamonos

Minera Alamos Q2 Financial Update

Minera Alamos $MAI.v $MAIFF filed 2Q21 financials. For the quarter, the company earned a net profit of $1.3M mainly due to gain on sale of marketable securities and unrealized gains on same (Prime Mining). Minera spent $277k on exploration and $40k on investor relations. Year to date cash flow statement shows CFOps usage of $4.5M. … Continue reading Minera Alamos Q2 Financial Update

Swiss National Bank Q3 Mining Portfolio Review

Recently had the opportunity to review the composition of the Swiss National Bank equity portfolio as it relates to gold and silver mining investments. The total equity portfolio at the end of Q3 stood at $150 billion, which is up 10% in market value from $136 billion at the end of Q2. Full holdings here: … Continue reading Swiss National Bank Q3 Mining Portfolio Review

Minera Announces C$10M Bought Deal

Flash Update Minera Alamos (MAI.V) announced this morning a $10M bought deal financing, at .63 CAD, with National Bank. Minera has granted the Underwriter with an over allotment option of $1.5M that will most likely get exercised. There were no warrants as part of this financing. With this move, the company was able to double … Continue reading Minera Announces C$10M Bought Deal

Warren Buffett Buys a Stake in Barrick Gold

Warren Buffett’s Berkshire Hathaway has taken a 20.9M share position in Barrick Gold, according to the most recently filed 13F. https://www.sec.gov/Archives/edgar/data/1067983/000095012320009058/xslForm13F_X01/960.xml. The stock is up 7% after market on the news. Will be interesting to see what this will do to the sector as a whole. “Gold gets dug out of the ground in Africa, … Continue reading Warren Buffett Buys a Stake in Barrick Gold

Swiss National Bank Portfolio Update – Metals & Mining

The Swiss National Bank recently published their schedule of public investments for the most recent quarter ending in June: https://www.sec.gov/Archives/edgar/data/1582202/000158220220000003/xslForm13F_X01/InfoTable_Q22020.xml. At the end of June, their portfolio stood at $136B. Upon review of their portfolio mix, 3.99% of their portfolio was invested in Materials, up slightly from the 3.93% during the prior quarter ending in … Continue reading Swiss National Bank Portfolio Update – Metals & Mining

Minera Alamos Announces Deal for Cerro De Oro Gold Project

Flash Update Minera Alamos out with news this morning acquiring the Cerro De Oro Gold project in Zacatecas, Mexico for upfront payment of $400K cash and 2,000,000 Minera Alamos shares. This deal gives Minera another asset in the development pipeline providing the pathway to its objective of being the “Next Mid-Tier Gold Mining Company” with … Continue reading Minera Alamos Announces Deal for Cerro De Oro Gold Project