Minera IRL aka MIRL released the Q2 production results from their Corihuarmi gold mine in Peru. Mined material was up, ore placed on the pads was up, and production was up, and they are maintaining 2022 guidance of 23k oz Au.
But we don't hear a word about the three important issues affecting the company: getting rid of a larcenous CEO who uses the company to benefit friends and relatives while collecting an outrageously high salary; how they are dealing with the debt; and whether they are either going to sell the Ollachea gold project, also in Peru, or somehow find the money to develop it.
Meanwhile, The INK folks, who report on insider buying, featured Evan Downie, CEO of Nevada gold producer i-80 Gold aka IAU, spending almost a million bucks increasing his holdings during the recent decline in share price, which pretty well mirrored the entire gold sector.
I joined him by buying a few more shares myself. I am looking for a double to triple, maybe more, over the next three years as they brings four mines into production.
And Saville continues to see no confirmation that the bottom in gold and stocks is in, but remains convinced that both will be higher at year end.