Cheap seekers: shares of EMX Royalty are a whisker off their lowest price since
March 2020. I expect EMX to declare its first dividend in the new year.
I own EMX. -- Thom Calandra
My money in this X audio is on Ivanhoe Mines IVN; Banyan Gold BYN; Xtra-Gold Resources XTG; Victoria Gold VGCX; Alamos Gold AGI; Val;-d’Or Mining VZZ; C3 Metals CCCM.
That is a mouthful, I know. I also point in this audio, which is pointed to those looking for mining-cos and the metals flag-bearers worthy of OPM (other peoples’ money, including my own). I hold shares of many of the companies in this report, some for many years.
I now paraphrase material from a trusted source about Ivanhoe Electric IE, which is active in Saudi Arabia, Arizona, Utah and elsewhere. It is my first time, just this week, into shares of Robert Friedland’s IE advance into the Kingdom of Saudi Arabia (KSA) with 50-50 ventures, the partner being Saudi Arabian Mining (also called Ma’aden with $10 billion of sales ).
An Avino Silver & Gold Mines Coin From 2015
I bought the shares even in the face of a November insider sale: CEO Joseph Melvin‘s dispatching of approx. $620,000 USD worth of Ivanhoe Electric shares. See report please.
IE is Ivanhoe’s transport for U.S. battery metals (primarily copper in Arizona), and for copper & gold along the Arabian Shield (east side of Red Sea).BarrickBRK is also active in KSA with Ma’aden, whose CEO, Bob Wilt is a former West Pointer cadet.
Notes: This week, my wife, Maura, was rooting around in some old clothes for a year-end donation when she came across a silver coin minted with metal from Avino Silver & Gold Mines ASM’s Durango, Mexico, property. I got the coin in 2015 at the New Orleans Investment Conference, where I met CEO David Wolfin for the first time.
Then, silver was $15.80 an ounce. Now it is $24 or so. Then, ASM shares were worth a total of approx. $34 million; now they are worth $65 million. Still, the October 2015 ASM shares were approx. 90 cents and now they are 53 cents USD.
An ASM exec tells me, “Over the summer we realized that CoeurMiningCDE, whichowned 11% of us, might need to sell their position due to their own difficulties in the market. Recently we found some good homes for their 14 million shares and the stock is now trading well and starting to move up since the block has been cleared out.“
Archival photo of The Calandra Report editor: Toroparu copper-gold project in Guyana
I have an eye on Nuclear Fuels NF NFUNF, a Wyoming uranium explorer that is seeing volume in trading and in price improvement. I own NF at half the price, a stake started only three or four months ago after lengthy conversations with founder Bill Sheriff of enCore Energy EU. I sold a small portion of NF, $420 worth of shares, Thursday.
Contango Ore CTGO: Alaska explorer and 2024 producer finally is recovering from probable short-selling.
Sendero Resources in Argentina: Michael Wood, Hong Kong-based founder, has kept me current on Sendero SEND SRRCF. Michael tells me Wednesday, and I have been trying to purchase SEND for a week now, “Seven and a half million founders‘ shares, 5.3million seed shares and 65.4million shares in total. We’re drilling 4.5km to test three porphyry untested targets with Vicuña characteristics.“The project is Peñas Negras.
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.
