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 $400K cash and 2,000,000 Minera Alamos shares. This deal gives Minera another asset in the development pipeline providing the pathway to its objective of being the “Next Mid-Tier Gold Mining Company” with … Continue reading Minera Alamos Announces Deal for Cerro De Oro Gold Project
Corvus Gold Announces New Oxide Gold Discovery
Flash Update Corvus Gold (KOR: TSX | CORVF: OTCQX) this morning announced another new oxide Gold discovery 2.5km north of the Mother Lode deposit, with broad intercept of 197m @ .44 g/t. The intercept also included intervals of 44m @ .90 g/t and 20m @ .74 g/t. This development has now opened up another target … Continue reading Corvus Gold Announces New Oxide Gold Discovery
Wesdome Gold Q2 Production Update
Wesdome (WDO:TSX | WDOFF:OTC) just released production numbers for 2Q which totaled 25,142 vs 25,122 in Q1. The production result for the quarter was better than expected as the company previously guided slightly lower Q2 output due to the impact of Covid-19 and the potential for processing lower grade and stockpiles. Eagle head grade came … Continue reading Wesdome Gold Q2 Production Update
Kirkland Lake Q2 Gold Production Update
Kirkland Lake Gold (NYSE: KL | TSX: KL.TO) out with Q2 production. After re-releasing guidance last week after suspending it due to Covid-19, the numbers came as no surprise. Production totaled 329,770. Fosterville had another reliable showing, with grades coming in at 40gpt. Detour grade was a tad lower because KL was running stockpile due … Continue reading Kirkland Lake Q2 Gold Production Update
Integra Resources – A Summer and Fall To Watch
Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall. On its recent investor deck, Integra states “DeLamar has what it takes to be a mine. The PEA has demonstrated an economically robust, low cost operation.” This is certainly valid … Continue reading Integra Resources – A Summer and Fall To Watch
Kitco Podcast Interview
My Kitco podcast roundtable interview. https://www.kitco.com/news/2020-06-12/If-gold-is-gaining-why-is-M-A-muted.html
Goldies Added to the S&P/TSX Composite Index
Dundee Precious Metals (TSX:DPM) Equinox Gold Corp. (TSX:EQX) Lundin Gold Inc. (TSX:LUG) SilverCrest Metals Inc. (TSX:SIL) Teranga Gold Corporation (TSX:TGZ)
GDXJ MVIS Q2 Rebalance Update
MVIS completed their review and revealed the updates. The changes will take effective at MOC next Friday June 19. Deleted: China Gold International Additions: West African Resources Alkane Resources Rest of the movement was just reallocations. Looking ahead to the next rebalance in September, the M&A between SSR Mining and Alacer should open up some … Continue reading GDXJ MVIS Q2 Rebalance Update