We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LoneClone7/25/2022 2:15:59 PM
2 Recommendations

Recommended By

   of 77891

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.

Message 33935022

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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext