Africa Metals | Canada Energy | Bitcoin
Purchases and sales this week:
— Sold a PROFITABLE slice of multi-mine producer Alamos Gold AGI after it surpassed $24 USD; we still own approx. $55,000 worth.
— Bought more Ghana developer Newcore Gold NCAU. The company’s Enchi project is capable of attracting a corporate buyer. China has been hunting for Ghana projects. Our No. 2 resource holding, size wise, is Ghana producer-developer Xtra-Gold Resources XTG.
— Canada energy: bought more natural gas producer-explorer Petrus Resources PRQ, more Baytex Energy BTE and started a stake in Peyto Exploration & Development PEY — just out with superior earnings and a continued revenue-hedging strategy. See release.
— Continue to purchase physical gold and silver via CEF Sprott Gold & Silver.
— Continue to purchase Bitcoin via 2x BITU — volatile as all heck. See review of Larry Lepard‘s book THE BIG PRINT here.
— Obscure rounds: added to our Ridgeline Minerals RDG — something is brewing at the Nevada polymetallic explorer and Nevada Gold Mines partner. Three irons in the mix re: exploration rigs. Could double in a day as trading in post-equity-placement RDG builds this week and next.
— Not obscure: continue to add to our burgeoning Ivanhoe Mines IVN shares; I expect, or shall I say, hope for, corporate developments at the Africa miner — a new copper partner perhaps for DRC Congo exploration site Western Forelands or a strategy to instill investor awareness of its South Africa platinum group metals mine. The Platreef mine there is on schedule to start producing low-operating-cost, high-value metals (platinum, palladium, rhodium, nickel, gold, copper) later in 2025.
— Avino Silver & Gold Mines, a Mexico producer, saw its revenue and earnings post noticeable gains; the shares today-Wednesday, and last night, are rising about 20%. I do not own the shares. I used to. [Thursday March 13 update: I bought back in at $1.79 a share USD. $2,000 worth.]
I am looking for further cost improvement, a $45 silver price and greater gold sales from Avino.]
Avino’s costs in Q4 were down 8% on a cash basis to $13.88 per ounce and 14% on an all-in cash basis to $18.62 per ounce. Avino has a currency hedging strategy for the Mexico peso, which is volatile. Transcript of Q4 earnings call has relevant questions — see here.
— Thom Calandra
Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities. The Calandra Report, in its 13th year, offers a one-price, $139 yearly fee for all newcomers. Earlier subscribers keep their original cost. Sob stories listened to. No refunds after three weeks of service. Exceptions:
— Thom Calandra
Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities. The Calandra Report, in its 13th year, offers a one-price, $139 yearly fee for all newcomers. Earlier subscribers keep their original cost. Sob stories listened to. No refunds after three weeks of service. Exceptions: