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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone5/29/2023 4:45:16 PM
3 Recommendations   of 78404
 
HMLO, EDV, MAI

Hemlo Explorers aka HMLO announced this year's exploration programme for their Project Idaho property in Ontario, as they have just received the necessary permits. The primary focus will remain along the western side of the property, which contains an extension of the Coldwell Complex, which also hosts the nearby Marathon Pd/Cu mine under development by GENM. And for the first time, they will be exploring the east side of the property, which is also prospective for gold.

Message 34305094

FWIW, Edison has put out an update on Endeavour Mining aka EDV. Based on the Q1 results beating forecasts, they have increased their earnings forecast for EDV for 2023 by 14.6%, and they also note that EDV being included in MSCI's Global Standard UK Index in a few days should trigger an inflow of up to 11M shares.

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The IKN newsletter pointed out that on Friday someone dumped over 500k shares of Minera Alamos aka MAI and pushed down the price substantially. IKN tells us to expect an update from the company when they file their financials on Tuesday, the content of which I hope will complete the recovery from the dump.

Saville continues to think that PMs and PM stocks will end the current correction with a low in the next month or so, maybe sooner, with the PoG possibly approaching $1900 before it reverses upward. He also thinks oil is forming a strong bottom right now.
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