Midland Exploration Inc. (MD:TSX.V) has started two new exploration programs this month, first in James Bay to locate the source of mineralized boulders found last year on the Mythril project—and second a program targeting copper and zinc projects in Nunavik, under its alliance with SOQUEM.
Well capitalized, with multiple projects and partners, Midland is a buy.
Orogen Royalties Inc. (OGN:TSX.V) has expanded its geographic footprint by purchasing royalties on projects in Kenya in exchange for $120,000 and its interest in a gold project in Mexico (Sarape). Orogen will retain a royalty interest in Sarape. This is a clever way to acquire new royalties.
Buy on any weakness.
Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) reported strong drilling results at its Seguela Project in Cote d’Ivoire, including 18.3 grams per ton gold (18.3 g/t Au) over 11.9 meters Fortuna stock has moved up in the last several weeks.
Although it remains cheap, we are holding, looking for any pullback to add to positions.
INFLATION: Janet Yellen now says she was wrong about inflation being “transitory,” but only a year ago she was urging governments around the world to follow the U.S. example and “go big” with their stimulus measures, thus helping to cause the inflation she never saw coming. No problem.
According to her boss, President Biden, last week, “today, thanks to the economic plan and the vaccination plan that [his] administration put into action, America has achieved the most robust recovery in modern history.”
TOP BUYS this week include Barrick Gold Corp. (ABX:TSX; GOLD: NYSE), Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE), Ares Capital Corp.(ARCC:NASDAQ), and Gladstone Investment Corp. (GAIN: NASDAQ).
Originally published June 12, 2022
Adrian Day, London-born and a graduate of the London School of Economics, is the editor of Adrian Day’s Global Analyst. His latest book is "Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks."
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