There are a total of 133 gold/silver stocks listed in either the U.S. or Canada with a market cap of CAD$200 million or higher. So far during the month of October, the median mid/large-cap gold/silver stock has gained by 1.35%.
The #1 largest gaining mid/large-cap gold/silver stock for the month of October is Wallbridge Mining (TSX: WM) with a gain of 40.63%! The #4 largest gaining mid/large-cap gold/silver stock for the month of October is Gold Resource Corp (GORO) with a gain of 32.79%!
ELY's #1 most valuable asset is their 2% royalty in WM's Fenelon gold project and WM just this week announced that they intercepted 27.00 g/t of gold over 38.39 metres for 1,036.53 grammeters of gold at their Fenelon gold project in Quebec, their most spectacular drill intercept in history! ELY's #2 most valuable asset is their 0.75% royalty in GORO's Isabella Pearl gold mine, which reached commercial production on October 7th just sixteen months after breaking ground on the project!
Both Ely Gold Royalties (TSXV: ELY) and Wallbridge Mining (TSX: WM) finished the month of September at $0.32 per share while Gold Resource Corp (GORO) finished the month of September at $3.06 per share. So far, during the month of October, WM has gained by 40.625% to $0.45 per share and GORO has gained by 32.68% to $4.06 per share. However, ELY has only gained by 18.75% to $0.38 per share.
ELY's two main business partners WM and GORO are up for the month by an average of 36.65%, but ELY is only up by half this amount! Back on August 6th when WM hit $0.47 per share, ELY hit a high of $0.47 per share on the exact same day!
When ELY and WM both hit $0.47 per share on August 6th, GORO was only $3.67 per share. Today, GORO is 10.62% above its August 6th price!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ELY of USD$30,000 cash for a six-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.