A Few Mining Names I am Watching as Gold breaks $1400.

This past week I attended the John Tumazos Very Independent Research Conference at the Jersey Shore. JTVIR followed the 121 Conference a few weeks back. The end result is the culmination of a very busy month of conferences, networking and meetings. I will add, too, that we added a new member to the family. A … Continue reading A Few Mining Names I am Watching as Gold breaks $1400.

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MVIS | GDXJ Junior Gold Miner ETF Q2 Rebalance Update

MVIS Global Junior Gold Miners Index completed its quarterly review today. VanEck Vectors Junior Gold Miners ETF (GDXJ) seeks to replicate MVIS and tracks the changes. The update, as taken directly from the MVIS site (https://www.mvis-indices.com/indices/hard-asset/mvis-global-junior-gold-miners), is illustrated below. Additions: Royal Nickel Corp Deletions: Asanko Gold Inc First Mining Gold Corp mvgdxj_quarterly-review_2019-q2-3Download mvgdxj_quarterly-review_2019-q2-3Download Evolution Mining … Continue reading MVIS | GDXJ Junior Gold Miner ETF Q2 Rebalance Update

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

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