M&A exercise is heating up within the gold area, and Canada’s Yukon is one space that is seeing consideration.
After turning down a proposal from Victoria Gold (TSX:VGCX,OTC Pink:VITFF), explorer ATAC Assets (TSXV:ATC,OTCQB:ATADF) signed a non-binding letter of intent to be acquired by Hecla Mining Firm (NYSE:HL).
Introduced in February, the letter of intent has since been prolonged to permit for extra due diligence.
Talking to the Investing Information Community on the Prospectors & Builders Affiliation of Canada (PDAC) conference, Thom Calandra of the Calandra Report stated he thinks there might nonetheless be competing bids for ATAC.
“I feel we’ll see one other bid for ATAC, however I have been shopping for Snowline Gold (CSE:SGD,OTCQB:SNWGF), which is one other firm that made an enormous splash solely six months in the past (within the) similar space — it is within the Tintina gold belt, Northern Yukon,” he stated, noting that he sees Snowline as undervalued. “I feel we’ll see somebody ultimately purchase Snowline Gold, simply as we noticed Nice Bear get purchased.”
Calandra additionally talked about Banyan Gold (TSXV:BYN,OTCQB:BYAGF), which he known as a sister firm to Victoria Gold. “That is a pure exploration (play), and it has been terrific for me over the previous 5, perhaps six years,” he stated.
Except for gold, Calandra stated silver is reasonable, and has quite a lot of upside with the precise explorer. He additionally stays keen on platinum, and stated traders can get publicity by means of the abrdn Bodily Platinum Shares ETF (ARCA:PPLT).
He feels cautious about lithium proper now, and instructed that these keen on transition minerals take a look at copper.
Watch the interview above for extra of Calandra’s ideas on the useful resource sector, together with his recommendation on vetting sources of knowledge. You may as well click on right here for the Investing Information Community’s full PDAC playlist on YouTube.
Remember to observe us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.
Editorial Disclosure: Snowline Gold is a shopper of the Investing Information Community. This text shouldn’t be paid-for content material.
The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t mirror the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.
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