What you need to know: • Following a big breakout in March, gold pressed on hitting new all-time highs, however, lost steam and fell towards the end of the month up just 2% in April. Silver outperformed gold, being up 5% on the month. • Copper held its big gains from early in the month, up 13% to $4.6/lb. However, copper equities lagged, being up only 8%. • We continue to see substantial M&A activity in the sector and have consolidated some transactions as of late in Figure 1. We view M&A as a...
What you need to know: • Precious metal prices were up substantially in October, rebounding from two months of consolidation, significantly outperforming broader markets which were down during the month. Other commodities and battery metals held in relatively flat. • The price of uranium continued to perform well over the last month and resulted in significant equity financings. • Deteriorating economic data leads us to believe we are approaching a long-awaited pivot after both the BoC and the...
What you need to know: • The precious metals markets held flat in August, following the solid performance in July; mining equities fell modestly. • M&A continued to be light in August, we believe this is primarily due to the lack of clarity regarding the direction of interest rates. • Safe-haven assets like gold and silver continue to look highly attractive with mining equities trading close to trough multiples, creating buying opportunities for when investment dollars flow back into the sector...
What you need to know: • The precious metals markets rebounded well in July following a healthy consolidation period in May and June. • M&A continued to be light in July, primarily due to the new uncertainty regarding interest rates following strong economic data and the BoC and the Fed raising rates. • Safe-haven assets like gold and silver continue to look highly attractive with mining equities trading close to trough multiples, creating buying opportunities for when investment dollars flow ba...
What you need to know: • The precious metals markets were down slightly in the month of June, however, we view this as a healthy consolidation period following significant price increases since November 2022. • M&A slowed in June primarily due to the new uncertainty regarding interest rates following strong economic data and the BoC raising 25bps. • Safe-haven assets like gold and silver continue to look highly attractive with inflation remaining sticky and rates likely to decline by 2024. Sent...
What you need to know: • The precious metals and base metals markets were down in the month of May, however, we view this as a healthy pull-back following two strong months in March and April. • M&A remained elevated in the month following what appears to be the peaking of rates and inflation, and persistent elevated metals prices. • With inflation remaining sticky, we believe investors have begun turning to safe-haven assets like gold and silver. Sentiment Update Following two very strong mont...
What you need to know: • The precious metals and mining market continued to rise in April even after a sizeable outperformance of broader indices in March • M&A accelerated in the month of April following what appears to be the peaking of rates and inflation, and persistent elevated metals prices • This month only strengthens our confidence that 2023 will be a standout year for both precious metals and base metals, and encourage investors to position themselves accordingly Sentiment Update Fol...
Artemis Announces up to $175 Million Equity Financing All amounts are in Canadian Dollars unless otherwise noted NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Artemis Gold Inc. (TSX-V: ARTG) ("Artemis" or the "Company") is pleased to announce that it has entered into an agreement with National Bank Financial, as sole bookrunner and lead underwriter, together with RBC Capital Markets and Stifel GMP as co-lead underwriters, on behalf of a syndicate of underwriters (collectively, the ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Artemis Announces Up to $156 Million Equity Financing All amounts are in Canadian Dollars unless otherwise noted NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) -- Artemis Gold Inc. (TSX-V: ARTG) ("Artemis" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by National Bank Financial and BMO Capital Markets (collectively, the "Underwriters") under which the Underwriters have agreed to buy on bought deal basis 16,394,000 ...
The independent financial analyst theScreener just requalified the general evaluation of ARTEMIS GOLD (CA), active in the Gold Mining industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 23, 2021, the closing...
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