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Why This Gold Newcomer Is a ‘Strong Buy’

Source: Streetwise Reports   12/30/2021

Sitka Gold Corp’s recently released new drill results at its RC Gold Project in the Yukon have grabbed…

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This article was originally published by The Gold Report

Source: Streetwise Reports   12/30/2021

Sitka Gold Corp’s recently released new drill results at its RC Gold Project in the Yukon have grabbed investors’ attention.

Sitka Gold Corp. (SIG:CSE; SITKF:OTCQB; 1RF:FSE) may have just gone public in 2018, but the company just released drilling results from its RC Gold Project in the Yukon’s Tombstone Gold Belt that have put it at the forefront of investors’ minds.

Chief Executive Officer and Director Cor Coe, P. Geo., said the company has been undervalued, but he believes that will change after the gold assay results from diamond drill Hole 21 located midway between Victoria Gold‘s Eagle Gold Mine and the Brewery Creek Mine become more publicly disseminated.

Sitka Gold Corp.‘s RC Gold Project

Several intervals of elevated gold values were found from the surface to a depth of 220.1 m from Hole 21 at the RC Gold Project, Sitka Gold said. It was drilled into a deposit target estimated to be 2 km long by 500 m wide that is located 200 m south of any previous drilling and intersects a newly recognized structure called the Blackjack Fault.

Assays found an exceptional interval of 1.17 g/t gold from 6.0 m to 226.1 m, including 50.5 m of 2.08 g/t from 120.0 m and 0.2 m of 35.70 g/t from 80.8 m.

“Sitka Gold is a fairly new company,” Coe told Greenshoe Radio recently. “It has not gotten the story out there yet. Not many people know that we have a diverse portfolio of quality assets that cover silver and gold and copper. But I think that’s going to change rapidly, especially in light of the impressive results we just released this week.”

Results Point to Untapped Potential

 

The nearest drill hole to Hole 21, Hole 2, which is 200 m to the north, also produced impressive values of 100 m of 0.82 g/t gold and an additional deeper interval of 2 m assaying 16.1 g/t, the company said. To help put these gold grades and intervals into context, Victoria Gold’s newly operational Eagle Gold Mine, located just 40 km east of the RC Gold Project, is an intrusion-related gold deposit that is averaging less than 0.7 g/t gold.

“The huge record volume on the spike … has both medium and long-term bullish implications.”

—Tech analyst Clive Maund after Sitka Gold’s stock spiked on news of drilling results

“Discovering gold values of this caliber, in what is characteristically a low-grade, bulk-tonnage gold deposit target, exceeded our expectations and further reinforces our belief that this newly discovered gold-rich system has the scale and grades necessary to host an economic gold deposit of significant size,” Coe said in a news release. “Visible gold was identified in 21 different sections of Hole 21 during core logging and sample preparation, providing additional evidence for the richness of this gold system.”

The company said it has completed just 19 holes across this 2 km by 500 m target so far, leaving much of its potential to still be discovered.

Sitka Gold’s stock, which is now CA$0.17, spiked from CA$0.0900 on Dec. 10 to CA$0.1900 on Dec. 13 when the RC Gold drilling results were released.

“The huge record volume on the spike … has both medium and long-term bullish implications,” tech analyst Clive Maund said of the results. “In view of the exceptionally positive price/volume action, it is rated a Strong Buy again here, taking advantage of yesterday’s dip.”

The company also recently closed a non-brokered private placement of 16.6 million flow through units at a price of $0.17 for a gross of CA$2.8 million. Each unit constitutes one flow through common share of the company and one half of one common share purchase warrant with each full warrant exercisable at a price of $0.23 for a period of 24 months. The proceeds will be used to follow up on the impressive results from Hole 21 at its RC Gold Property in the Yukon.

Four Other Projects in the Works

 

Sitka Gold also has four other projects it is pursuing, including in Nevada and Arizona in the United States.

In Nevada, the company has the Carlin-type Alpha Gold Project at the southeast end of the Cortez Trend, about 135 km southwest of Elko. Recent results from five drill holes showed 15.24 m of 0.46 g/t gold from 333.76 m to 349 m in one hole and 3.04 m of 0.41 g/t from 196.60 m to 199.64 m in another.

“Alpha Gold has come a long way from a conceptual moonshot model to a confirmed large-scale Carlin-type gold deposit model,” Coe said.

Coe called the company’s Burro Creek property in Arizona its “flagship” property. A 2011 historical resource technical report indicates the site has 5 Moz silver and more than 100 Koz gold, according to the company.

“The property was scheduled to go into production and had all the necessary permits in the early 1980s,” Coe said. “But the gold price collapsed, and the company put it on the shelf.”

Sitka Gold also has additional Canadian properties with gold, silver and copper targets in the Coppermine River area in Nunavut and in an area 50 km east of Dawson City adjacent to the Brewery Creek Mine in the Yukon.

Several catalysts are on the horizon for the company in the coming year. Results from five drill holes at RC Gold are still pending.

“Exploration efforts at the RC Gold Project continue to deliver impressive results and, with only 19 diamond drill holes completed across this gold system to date, there is plenty more to discover,” Coe said. “We look forward to receiving results for the remaining five drill holes and rapidly advancing this along with several other under-explored targets across this district-scale, road accessible property.”  

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Disclosure:
1) Steve Sobek compiled this article for Streetwise Reports LLC. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Sitka Gold Corp. Click here for important disclosures about sponsor fees. 
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sitka Gold Corp., a company mentioned in this article.

( Companies Mentioned: SIG:CSE; SITKF:OTCQB; 1RF:FSE,
)

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Precious Metals

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know! European households are facing rising prices on many goods and services, but one particular standout is…

European Energy Crisis: 4 Things You MUST Know!

European Energy Crisis: 4 Reasons You MUST Know!

European households are facing rising prices on many goods and services, but one particular standout is electricity and gas bills.

According to Bank of America, European household gas bills are expected to rise to €1,850 in 2022 from €1,200 in 2020 (an ~55% increase).

Natural gas prices have pulled back from the December peak. However, it remained high and it could get worse over the remainder of the winter months. 

European Energy Crisis: European Gas Prices Chart
European Gas Prices Chart

Reasons for the energy crisis are not entirely straightforward as the global energy market is interconnected and quite complex. 

However, below we outline some of the key issues:

A. Europe reliant on Gas Imports as Domestic Production

Europe is increasingly reliant on gas imports as domestic production, in countries such as the Netherlands, has declined.

According to the International Energy Agency (IEA), underground storage remains the principal source of short-term flexibility for gas markets in Europe.

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However, lower than average inventory levels (around 50% full as of early January, compared with an average of nearly 70% for this time of the year over the past decade) create further security of supply concerns, especially in the event of late winter cold spells.

This is why uncertainty over prices and supply remains high in early January with most of the heating season still to come.

European Energy Crisis:
European Natural Gas Storage Chart

B. Robust Rebound in Demand- Especially in Asia Taking Supply

More than half the increase in demand to 2024 is expected to come from the Asia Pacific Region. Driven by China and India as well as by emerging markets in South and Southeast Asia.

Competition for liquified natural gas (LNG) cargos from Asia have also been a driver in providing less flexibility for supplies in Europe.

European Energy Crisis:
Source: IEA

C. Other Energy Sources not Producing Enough

Adding to the energy crunch was less electricity being produced across the European bloc due to lower wind speeds than usual.

The largest producing countries, Britain, Germany, and Denmark harnessed just 14% of total capacity in the third quarter of 2021. This was down from 20-25% in previous years (Source: Refinitiv).

This low production of wind sourced energy was compounded by France’s largest electricity supplier, EDF, taking additional nuclear reactors offline for maintenance issues.

Reuters reported French power giant EDF (EDF.PA) said it had found faults on pipes in a safety system at its Civaux nuclear power station, and it would shut down another plant because it used the same kind of reactors.

D. Russia provides ~40% of Europe’s Natural Gas

Greatly exacerbating lower storage levels and reduced energy from renewable sources, higher natural gas prices could all boil down to geopolitics.

Per a recent report from the EIA, European gas markets have strong elements of ‘artificial tightness’, which appears to be due to the behavior of Russia’s state-controlled gas supplier (Gazprom). 

Unlike other pipeline suppliers – such as Algeria, Azerbaijan, and Norway –Russia has reduced its exports to Europe by 25% in the fourth quarter of 2021 compared with the same period in 2020 – and by 22% compared with its 2019 levels.

And this is despite the exceptionally high market prices for natural gas that we have seen in recent months.

The EIA further states, “Against today’s low baseline, we estimate that Russia could increase deliveries to Europe by at least one-third, or over 3 billion cubic meters per month.

This equates to almost 10% of the European Union’s average monthly gas consumption. This would be the equivalent of a new LNG tanker delivering a full cargo of natural gas to Europe every day.

Together with the current high level of LNG inflow, this would provide significant relief to European gas markets”.

And according to Brooking’s report, Russia denies restricting supplies to Europe.

But Putin taunts the EU for bringing supply volatility on itself. If only German regulators approved the Nord Stream 2 pipeline, Russian gas would again flow abundantly to Europe, Putin suggests.

Moreover, the worst part is that the Russia-Ukraine crisis could lead to even higher prices.

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The growing tensions could keep prices high for an extended period and even lead to higher prices in the coming months.

The US is discussing harsh sanctions against Russia in an effort to deter an invasion of Russian troops into Ukraine.

Moreover, the hope is that the threat of these sanctions will be enough.

The sanctions on the table for discussion include targeting individuals and companies. Also sweeping sanctions such as cutting Russia off of the SWIFT system, which would remove Russia’s financial institutions from the global financial network.

And directly related to the natural gas crisis a proposed target for sanctions is the Nord Stream 2 gas pipeline.

Nord Stream 2 gas pipeline, when operational would double the amount of natural gas moved from Russia to Germany through the Baltic Sea. This is likely to reduce the need for other pipelines, such as the Urengoy–Pomary–Uzhhorod pipeline that runs through Ukraine (CNBC.com). 

The US Senate voted down a proposal for automatic sanctions against Nord Stream 2 operators. However, there could still be sanctions imposed by the US and/or Germany.

Conclusion

Low wind speeds, limited on- and off-shore production, and geopolitics have driven European natural gas prices to record levels because energy demands must be met, especially during winter. 

In December, European consumers were paying 15 times for natural gas compared to those in the U.S.

Much will also depend on how low temperatures drop in Europe over the coming weeks.


Silver Price Prediction 2022
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From The Trading Desk

Market Update

It has been a bumpy start to 2022 for equity markets with some key important levels taken out.

The Nasdaq composite index closed below its 200-day-moving average for the first time in 439 trading sessions, a long-term trendline that has been in place since April 2020 has been taken out.

The S&P 500 closed yesterday at 4577, falling below its 100-day moving average and an important physiological support level at 4600.

Falling below this important level brings the 200-day moving average trend line into focus.

The small-cap Russell 2000 did not fare much better with key support levels taken out and down over 8% so far this year. 

The backdrop to all this is rising global inflation.

UK annual inflation rose more than expected, advancing 5.4% in December, the highest reading since 1992.

Germany’s & Canada’s inflation also rose to the highest in 30 years. Higher inflation numbers are adding to the risk off sentiment in the marketplace, with the markets starting to price in potential more rate hikes than currently forecasted by the central banks.

The FOMC meet next week and we expect Powell to set the table for multiple interest rate hikes this year.

There is also increased concern about what is happening with Russia and Ukraine.
All this is a perfect mix for precious metal prices. 

On the back of all this. Gold rose $30 to $1842 and Silver surged more than 3% to $24.15.

What is worth taking note of is, Gold and Silver had been consolidating nicely in 2022 and have been able to make these gains and hold on to them given the persistent strength in US Treasury yields, with the 10 Year now at 1.87%. 

GoldCore has had a great start to 2022, we continue to see clients looking to protect themselves against the systemic risks that are out there. We have excellent availability on all coins and bars currently.

Please call our trading desk with any questions that you may have.
 
Stock Update 

Gold Offer Zurich – We have a very limited number of Gold 1kg bars for Storage in Zurich & Singapore at Spot plus 1.25%.  Please contact our trading desk to avail of this offer. 

Excellent stock and availability on all Gold coins and bars with 1oz bars at a very competitive 3.75% over Spot and Gold Philharmonics starting at 4.5% over Spot. 

Silver coins are now available for delivery or storage in Ireland and the EU with the lowest premium in the market. Starting as low as Spot plus 32% for Silver Britannia’s

Silver Britannia’s for UK delivery or storage are still available at the lowest premium in the market. This includes VAT at 20%. These can now be purchased online. 

Silver 100oz and 1000oz bars are also available VAT-free in Zurich starting at 8% for the 1000oz bars and 12.5% for the 100oz bars. 

Please see below our extended trading hours. 

** We have extended our opening hours. Phone lines, online ordering, and WebChat are now open until 09:00-22:00 (Europe/Dublin) USA 09:00 to 17:00 EST**


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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

19-01-2022 1817.50 1826.95 1334.23 1339.34 1602.13 1610.46
18-01-2022 1810.80 1817.25 1329.13 1338.04 1589.16 1599.54
17-01-2022 1820.05 1817.85 1330.64 1331.39 1594.00 1594.25
14-01-2022 1822.25 1822.95 1327.14 1332.58 1590.28 1595.45
13-01-2022 1822.40 1820.35 1326.34 1324.67 1589.50 1587.16
12-01-2022 1816.40 1821.40 1333.24 1330.53 1598.80 1594.82
11-01-2022 1805.20 1806.80 1327.36 1330.53 1593.63 1595.22
10-01-2022 1800.55 1794.20 1324.66 1325.38 1589.35 1588.41
07-01-2022 1792.20 1792.60 1322.82 1321.50 1584.30 1581.79

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Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here

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The post European Energy Crisis: 4 Things You MUST Know! appeared first on GoldCore Gold Bullion Dealer.


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Fokus Reports 1.18 g/t Au over 312 meters including a section of 1.67 g/t Au over 144 meters on Galloway Project

Fokus Mining Corporation (‘Fokus‘ or the ‘Company‘) (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to…

Fokus Mining Corporation (‘Fokus‘ or the ‘Company‘) (TSXV: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to provide more drill results mostly on its Hendrick zone on its Galloway project located near Rouyn-Noranda in the Abitibi region.

Drillhole no GA-21-53 located in the Eastern portion of the Hendrick zone has intersected the gold bearing zone along 312 meters grading 1.18 G/T AuEq including 144 meters at a grade of 1.67 G/T AuEq, 48 meters at a grade of 1.65 G/T AuEq and 78 meters grading 1.90 G/T AuEq. Hole GA-21-47 located in the same area has intersected the zone over 102 meters grading 1.42 G/T AuEq including 35.5 meters at a grade of 2.61 G/T AuEq and 48 meters grading 1.32 G/T AuEq.

Also, holes GA-21-28, 45, 46 and 49 made it possible to identify a new zone located east of the GP zone. This new zone called RB located in a geological context similar to the Hendrick zone opens up the potential for Au-Cu Porphyry mineralization in the main Renault Bay intrusion.

Main highlights:

Holes*            From  To  Length**   AuEq  Zones
(m)  (m) (m)  g/t
GA-21-46    

291

406,5

115,5

0,93

RB (new zone)
Including

313,5

339

25,5

1,26

Including

361,5

373,5

12

1,19

GA-21-47 

634,5

736,5

102

1,42

Hendrick
Including

663

697,5

34,5

2,61

and 

870

918

48

1,32

GA-21-48 

552

681

129

1,16

Hendrick
Including

658,5

681

22,5

2,82

Including

670,5

681

10,5

4,42

and 

780

847,5

67,5

1,21

Including

780

793,5

13,5

1,57

Including

801

828

27

1,48

GA-21-52    

838,5

946,5

108

0,95

Hendrick
Including

838,5

876

37,5

1,31

Including

909

946,5

37,5

1,03

GA-21-53

621

933

312

1,18

Hendrick
Including

621

765

144

1,67

Including

621

669

48

1,65

Including

687

765

78

1,90

and

832,5

933

100,5

0,88

Including

865.5

880,5

15

1,84

Discovery of the RB zone in holes GA-21-28, 45, 46 and 49.

* Note that the results of holes GA-21-47 to GA-21-52 are incomplete (See table below) and that the Company is still waiting for the complete results from holes GA-21-54 to GA -21-59.

** Thickness along the hole.

“These results clearly demonstrate that the Hendrick zone is located in a vast pervasive auriferous system. It is now recognized by drilling over nearly 700 meters, thicknesses can exceed 300 meters and there is no indication that it does not extend further both laterally and at depth. We are pleased with the results to date on the western portion of Galloway and continue to progress toward the production of a NI43-101 resource estimate to be released as soon as possible in 2022″, comments Jean Rainville, President and CEO of Fokus.

The Company is currently preparing its 2022 exploration campaign that will include a minimum in all likelihood of another 15,000 meters of diamond drilling in the areas drill tested in 2021 and mainly on Hendrick. A few holes will also test different targets identified with the high resolution airborne magnetic survey completed last year. Concurrently, InnovExplo Inc. will continue its work to achieve an independent mineral resource estimate in 2022.

Qualified Person 

This press release was approved by Gilles Laverdière, P.Geo and Qualified Person under National Instrument 43-101.

About Fokus

Fokus Mining Corporation is a mineral resource company actively acquiring and exploring precious metal deposits located in the province of Québec, Canada. In implementing this major undertaking within the Canadian mining industry, we are determined to unlock the secret of the Galloway gold project.

The Galloway project covers an area of 2865.54 hectares and is located just north of the Cadillac-Larder Lake deformation which extends laterally for more than 100 km. Numerous gold deposits are related to that structure and its subsidiaries. The current work focuses on a small western portion of the mineral claims where several mineral occurrences have been identified. For more information, visit our website: fokusmining.com.

TABLE

Hole #

From (m)

To (m)

Length
(m)1

Au (g/t)

Ag (g/t)

Cu (%)

AuEq (g/t)2

GA-21-44

584.50

717.00

132.50

0.52

3.4

0.21

0.89

590.00

599.00

9.00

1.20

6.1

0.44

1.96

incl

660.00

679.50

19.50

0.82

3.5

0.28

1.29

incl

690.00

717.00

27.00

0.55

4.1

0.15

0.84

762.00

780.00

18.00

0.74

2.1

0.09

0.91

799.50

810.00

10.50

0.32

1.9

0.08

0.46

825.00

853.50

28.50

0.62

2.1

0.04

0.72

957.00

981.00

24.00

1.36

1.1

0.03

1.43

GA-21-45

69.00

109.50

40.50

0.75

147.00

199.50

52.50

0.89

171.00

199.50

28.50

1.20

216.00

232.50

16.50

0.61

249.00

270.00

21.00

0.44

342.00

355.50

13.50

0.50

372.00

459.00

87.00

0.62

0.9

0.03

0.68

372.00

396.00

24.00

0.66

0.2

0.01

0.68

433.50

459.00

25.50

1.02

0.5

0.01

1.05

GA-21-46

19.50

25.50

6.00

0.54

90.00

96.00

6.00

0.96

1.5

0.11

1.14

199.50

253.50

54.00

0.60

0.7

0.06

0.70

291.00

406.50

115.50

0.78

0.3

0.09

0.93

313.50

339.00

25.50

1.15

0.1

0.07

1.26

361.50

373.50

12.00

0.99

0.2

0.13

1.19

GA-21-47

472.50

490.50

18.00

0.48

0.2

0.03

0.53

508.50

538.50

30.00

0.51

0.8

0.08

0.64

634.50

736.50

102.00

1.14

1.1

0.17

1.42

663.00

697.50

34.50

2.18

2.0

0.26

2.61

736.50

837.00

PENDING

incl

870.00

918.00

48.00

1.03

1.70

0.17

1.32

940.50

999.00

58.50

0.41

0.7

0.12

0.61

incl

940.50

970.50

30.00

0.44

0.7

0.11

0.62

incl

979.50

984.00

4.50

0.59

4.6

0.25

1.04

incl

996.00

999.00

3.00

1.18

0.9

0.10

1.35

GA-21-48

552.00

681.00

129.00

1.05

0.7

0.07

1.16

incl.

660.00

681.00

21.00

2.71

0.5

0.07

2.82

incl.

670.50

681.00

10.50

4.32

0.9

0.06

4.42

780.00

847.50

67.50

0.98

0.6

0.14

1.21

incl.

780.00

793.50

13.50

1.25

0.8

0.20

1.57

incl.

807.00

828.00

21.00

1.22

0.8

0.16

1.48

927.00

986.00

PENDING

GA-21-49

64.50

100.50

36.00

0.66

0.4

0.00

0.67

153.00

171.00

18.00

0.78

334.50

341.50

PENDING

TABLE (continued)

Hole #

From (m)

To (m)

Length
(m)1

Au (g/t)

Ag (g/t)

Cu (%)

AuEq (g/t)2

GA-21-50

570.00

577.50

7.50

0.71

1.7

0.06

0.82

598.50

603.00

4.50

0.66

0.6

0.02

0.70

690.00

706.50

16.50

0.99

1.0

0.10

1.15

732.00

790.50

58.50

0.66

1.1

0.10

0.83

856.50

1002.00

PENDING

GA-21-51

631.00

733.50

PENDING

733.50

808.50

75.00

0.50

0.5

0.03

0.56

GA-21-52

308.00

406.50

PENDING

507.00

607.50

PENDING

754.50

808.50

54.00

0.71

0.70

0.16

0.97

838.50

946.50

108.00

0.72

1.2

0.14

0.95

incl

838.50

876.00

37.50

0.96

2.0

0.22

1.32

incl

886.50

889.50

3.00

0.76

0.4

0.05

0.85

incl

897.00

898.50

1.50

0.60

0.3

0.06

0.70

incl

909.00

946.50

37.50

0.83

1.2

0.12

1.03

GA-21-53

559.50

573.00

13.50

0.70

0.50

0.06

0.80

621.00

933.00

312.00

0.89

1.80

0.17

1.18

incl

621.00

765.00

144.00

1.29

1.80

0.23

1.67

incl

621.00

669.00

48.00

1.19

1.70

0.28

1.65

incl

687.00

765.00

78.00

1.53

2.10

0.22

1.90

incl

832.50

933.00

100.50

0.61

2.50

0.16

0.88

incl

865.50

880.50

15.00

1.33

4.20

0.30

1.84

incl

906.00

933.00

27.00

0.46

1.50

0.08

0.61

1

All lengths are measured along the core. True widths are more than 75% for the GP zone. True widths for the Hendrick zone are unknown at the time of this news release.

2

The AuEq formula used a gold price of USD 1, 818 per ounce, a silver price of USD 23.17 per ounce, and a copper price of USD 4.54 per pound.

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

For further information:

Jean Rainville, President & Chief Executive Officer
Tel.: (514) 918-3125, Fax: (819) 762-0097
Email: [email protected]

Related Links
http://fokusmining.com/

Caution Regarding Forward-Looking Statements

Certain statements contained in this news release may constitute forward–looking information. Forward–looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward–looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward–looking information. The Company’s actual results could differ materially from those anticipated in this forward–looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward–looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward–looking information should not be unduly relied upon. Any forward–looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward–looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

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7 Entertainment Stocks You’ll Want on Your Shortlist

The global pandemic that began in 2020 triggered a number of long-term trends. Working from home, remote learning and the surprise return to growth for…

The global pandemic that began in 2020 triggered a number of long-term trends. Working from home, remote learning and the surprise return to growth for the global PC industry are a few examples. Lockdowns and then wariness over the risk of Covid-19 variants means recreational and business travel has been decimated. With stimulus checks coming to many people and vacations repeatedly put off, bank accounts have been growing at an historic rate. As of last October, it was estimated that American European consumers had socked away $2.7 trillion in savings. With that in mind, it’s time to look at entertainment stocks.

People are itching to get out of their homes and have fun. They have the money to do it. Omicron has put a damper on things, but there’s optimism that this wave will be the last major one in the pandemic. And then? Come spring and summer 2022, there’s an expectation that all the pent-up demand and padded bank accounts will result in a new “roaring 20s.” 

You can take advantage of the rush to spend by adding these entertainment stocks to your portfolio:

  • Choice Hotels International (NYSE:CHH)
  • Live Nation Entertainment (NYSE:LYV)
  • MGM Resorts International (NYSE:MGM)
  • Six Flags Entertainment(NYSE:SIX)
  • Thor Industries (NYSE:THO)
  • Vista Outdoor (NYSE:VSTO)
  • Winnebago Industries (NYSE:WGO)

Each of these companies is poised to reap the rewards when consumers start going out again and opening their wallets. Worried about the potential for risk? To help on that front, I’ve screened these stocks and each earns at least a “B” Total Grade in Portfolio Grader.

Entertainment Stocks: Choice Hotels (CHH)

A magnifying glass zooms in on the Choice Hotels (CHH) website.Source: II.studio / Shutterstock.com

Choice Hotels operates a wide range of hotel brands ranging from discount (EconoLodge) to upscale (Cambria). By its latest count, Choice Hotels franchises over 7,000 hotels across 40 countries and territories. Back in 2018 InvestorPlace feature writer James Brumley said that “this underappreciated hotel operator is clearly doing something right.” 

If it was doing something right then, Choice Hotels only got better during the pandemic. Sure, the company had a tough year. In its full year 2020 earnings, Choice Hotels reported adjusted net income down 49% year-over-year. But the company continued to sign up new franchises (albeit at a slower rate), and it outperformed the industry significantly in RevPAR (revenue per available room). By April 2020, CHH stock had recovered from the market crash to pre-pandemic levels and was back in growth mode.

In its most recent quarter, Choice Hotels reported income up 53% compared to the same quarter in 2019, showing it is in full-on growth mode. CHH stock is now up 36% from its pre-pandemic heights. Imagine what the trajectory is going to look like when a “roaring 20s” vacation season kicks off, while business travel begins to recover.

At the time of publication, CHH stock earned an “A” grade in Portfolio Grader.

Live Nation (LYV)

A Live Nation (LYV) sign on a corporate building in Los Angeles, California.Source: 4kclips / Shutterstock.com

One of the big victims of the pandemic was live entertainment. Many concerts have been repeatedly postponed and rescheduled due to Covid. Live music was just starting to make a comeback in 2021 when omicron put a wrench in the works.

Live Nation — which includes Ticketmaster — is the global leader when it comes to buying tickets to concerts and other live events like sports, theater, comedy tours, races and more. Last summer, as many countries began to open up thanks to vaccines, live concerts came roaring back. There was pent up demand from music fans and also pent up demand from artists, many of whom depend on touring revenue as their primary source of revenue.

Live Nation had this to say to investors last November: “The 2021 summer concerts season rebounded quickly, with 17 million fans attending our shows in the quarter, as the return to live reflected tremendous pent-up demand.  Festivals were a large part of our return to live this summer, with many of our festivals selling out in record time and overall ticket sales for major festivals were up 10% versus 2019.”

With omicron wreaking havoc on shows through the winter and possibly into the spring, LYV stock has been stalled for weeks. However, the company reported in November that 2022’s show count was already up double digits compared to 2019. Add in shows that have been recently postponed and LYV is going to be one of the entertainment stocks that gets a big boost this year.

The current Portfolio Grader rating for LYV stock is “B.”

Entertainment Stocks: MGM Resorts (MGM)

A photo of the MGM logo on the MGM casino building.Source: Michael Neil Thomas / Shutterstock.com

MGM Resorts operates 30 destination properties across the world. These are hotels combined with entertainment. This means operations like the Bellagio Hotel and Casino in Las Vegas and Mandalay Bay, which is another Las Vegas resort hotel that also has a casino and a 12,000 seat entertainment complex.

This is just the sort of business that was decimated by the pandemic. Flights were grounded, and people were nervous about being in close proximity. Others chaffed against masking requirements. When the company reported its fiscal 2020 earnings, the impact of the pandemic was obvious. Revenue was down 60% year-over-year. After delivering diluted earnings-per-share of $3.88 in 2019, MGM swung to a $2.02 loss per share in 2020. 

However, in 2021 MGM’s business began to recover as travel picked up and capacity restrictions were lifted. The company’s expansion into online sports betting is also paying off. Revenue for Q3 2021 was up 140% YoY. The company had strong liquidity with $9.8 billion available. MGM also embarked on a share repurchasing program in 2021, and by the third quarter that had reached $1 billion. 

Over the past 12 months MGM stock has posted 36% growth. That’s despite a November pullback. Las Vegas is back under a mask mandate, but when we get through the omicron wave, look for MGM Resorts properties to fill up with consumers who are flush with cash and looking to roll the dice. Add in the company’s BetMGM online sports betting operation’s projected $1.3 billion in revenue for 2022 and MGM stock will be well-positioned to continue its growth momentum.

MGM stock is currently rated as a “B” in Portfolio Grader.

Six Flags (SIX)

The Six Flags (SIX) Magic Mountain sign in Los Angeles, California.Source: Martina Badini/Shutterstock.com

Theme parks have been another notable pandemic victim. Crowded, with people screaming on rides and packed together in lineups, they are no place to be for those concerned about Covid-19. They are expensive to operate if attendance is low and during the worst of the pandemic many were closed down for extend periods. As a 2021 industry report noted, the results were “steep attendance declines” in 2020.

Six Flags operates 27 parks across the U.S., Canada and Mexico. The company knows all about declining attendance. In 2020, attendance at its parks was down 79% compared to 2019 levels. By the third quarter of 2021, attendance still had not recovered to pre-pandemic levels, although revenue nudged up compared to Q3 2019.

The theme park industry report projects good news for 2022, with an expected “real recovery.” SIX stock has been hit hard by the challenges of the past 2 years. Today it still remains below pre-pandemic levels and it’s over 40% off 2018 highs. This offers an opportunity for investors to add this entertainment stock to their portfolio at depressed prices before the expected 2022 recovery kicks in.

At the time this article was published, the Portfolio Grader rating for SIX stock was “B.”

Entertainment Stocks: Thor Industries (THO)

Two RVs drive down a road with trees and blue sky in the background.Source: Sundry Photography / Shutterstock.com

So far, this list of entertainment stocks has been focused on companies that saw their business hammered by the pandemic and that are due for a big rebound. Thor Industries did not have that problem. Quite the opposite. Thor Industries owns some of America’s most iconic RV brands, including Airstream. 

With international travel out and a desperation to get outdoors after lockdowns in 2020, RV sales soared. In 2021, the demand for RVs continued. Last September, Thor Industries reported its fiscal 2021 full-year results and they set new records. Thor sold over 300,000 units and topped $12 billion in net sales. With promotions and discounts no longer needed to move units, profit margins increased. 

What about 2022? Expect the hot market for RVs to continue. More people have experienced camping and they want to continue. Thor brands include family friendly trailers that are an affordable upgrade over a tent. Thor’s iconic aluminum Airstream trailers are an aspirational brand. They are loved by those with high incomes and by influencers. Thor says its dealers had 9% fewer units on their lots in 2021 than in 2020, and 44% fewer than in 2019. As of July 31, 2021 the company has a massive backlog of orders with nearly $17 billion in RVs on order.

Last May, THO stock hit a 3-year high, but ended up with modest 12% growth for 2021. As the company’s factories work on fulfilling that backlog and camping continues to grow in popularity, THO stock is set to post higher gains in 2022. The investment analysts polled by the Wall Street Journal have an average 12-month price target of $140.71 for shares, representing 40% upside.

THO stock currently earns a “B” Total Grade in Portfolio Grader.

Vista Outdoor (VSTO)

the Vista Outdoor logo is displayed on a smartphoneSource: IgorGolovniov / Shutterstock.com

All things outdoors saw a huge surge in popularity as a result of the pandemic. NPD released a report on the June 2020 period for the U.S. (June is a critical month for outdoor equipment sales), and the numbers were astounding.

Bike sales were up 63% YoY. Paddle sport sales increased by 56%. Golf equipment sales were up 51%. Consumers spent 31% more on camping equipment and 22% more on binoculars. In addition, after years of decline, officials from most states reported a “moderate-to-massive spike in hunting.”

Vista Outdoor operates a portfolio of brands that were on the receiving end of this surge in consumer spending. Tasco binoculars, Bushnell golf accessories, Bell bike helmets, Copilot child bike carriers, Camp Chef grills, Remington ammunition and more. 

Many people who took up new outdoor activities have stuck with them, continuing to buy equipment and supplies. In addition, there will be upgraders who bought entry-level gear to start with but are ready to move to quality products. VSTO stock is up 43% over the past 12 months and over 300% from pre-pandemic levels. With Americans’ newfound love of the outdoors — and Vista Outdoors’ wide coverage of outdoor activities — this momentum is on track to continue in 2022.

At the time of publication, VSTO stock was rated as an “A” in Portfolio Grader.

Entertainment Stocks: Winnebago (WGO)

A photo of an RV on the side of the roadSource: Tupungato / Shutterstock.com

Finally, a second RV maker is on my list of entertainment stocks that should be on your shortlist. I’ve already outlined the case for the surge in popularity of RVs. Winnebago is one of the classic brands. Its trailers and especially its motorized RVs are considered premium offerings. That’s a good place to be in when consumers have extra cash sitting in their savings accounts. 

Winnebago’s move to buy boat-maker Chris-Craft in 2018 turned out to be prescient. The company also snapped up Barletta Boat Company in 2021. With a desire to move out of crowded cities for more space, plus the new-found ability to work remotely, Americans have been buying vacation properties and cottages at record rates. One of the first things any new property owner with water access buys is a boat.

The demand for RVs showing no sign of slowing down. At the end of October, Winnebago announced its full-year fiscal 2021 results. The company reported record revenue, up 54% YoY. Margins were up, discounts were down, and the company delivered adjusted earnings-per-diluted-share that were up 350% from the year before. The company’s market share also continued to creep up, in an indication that buyers were willing to spend more on RVs.

In 2021, WGO stock rewarded investors with 25% growth. Strong demand should keep that growth trend going, and it will be aided by the share buyback program Winnebago announced last October.

WGO stock is currently rated as a “B” in Portfolio Grader.

On the date of publication, Louis Navellier had a long position in CHH, VSTO and WGO. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

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