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Midland, Vista, Lara All Make Progress on Projects, Are 'Best Buys'
Contributed Opinion

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Adrian Day The Global Analyst has been focusing on the senior producers more in the last many months, since they are undervalued and more certain to respond to a higher gold price. They remain good buys. However, many of the juniors have seen their stock prices slide and there are excellent buys in that sector. Below are three of our favorite resource juniors, all buys.

Midland Exploration Inc. (MD:TSX.V) continues to be active on exploration programs both on wholly owned ground and joint ventures, with some interesting results.

Last week, it announced results of its summer drilling campaign on its large, prospective Mythril Project in James Bay. The new results show copper, molybdenum, gold, and silver, near surface. The project is 100% owned by Midland, but BHP took a large placement in the company following its initial results after it was discovered in late 2018, and Midland closely consults with BHP over plans for the project.

Midland is continuing exploration at Mythril including seeking additional regional targets. With several active programs, well-funded Midland is a strong buy.

Vista’s Feasibility Study Underway

Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX) has commenced the third phase of a drilling program at Mt. Todd after completing 18 holes. The campaign is drilling new areas between the core Batman deposit and the newer Quigleys deposit, seeking to add resources and extend the mine life.

This exploration drilling has been successful so far.

Vista also announced that work on the Definitive Feasibility Study is underway, on track for completion in the first quarter of next year. This program will use a higher gold price and include more resources than the previous preliminary feasibility study (which used a $1,000 gold price). Some input costs will be higher than in the earlier study, but on balance the new study should show meaningfully improved economics.

Vista is a buy.

Lara Expands Promising Projects

Lara Exploration Ltd. (LRA:TSX.V) continues to advance several projects. It received the second option payment of $200,000 from Minsur SA for that company to earn its interest in the Lara Copper Project in Peru. And perhaps more significantly it announced that BHP has transferred a property that surrounds Lara’s Puituco project, also
in Peru.

Lara previously reported very promising chip samples from Puituco but the project was small without BHP’s adjoining Kenita property. Lara remains a buy.

Best Buys, in addition to those above, include Hutchison Port Holdings Trust (HPHT:Singapore); Orogen Royalties Inc. (OGN:TSX.V); Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE); Barrick Gold Corp. (ABX:TSX; GOLD:NYSE); and Pan American Silver Corp. (PAAS:TSX; PAAS:NASDAQ). Two other favorites, Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE) and Altius Minerals Corp. (ALS:TSX.V), both volatile, would be “best buys” on any pullback.

And, Finally, an Event in Colorado

I am off to Colorado for two back-to-back gold conferences where I shall be having one-on-one meetings with most of the companies on our list. I aim to follow up with you on these meetings.

While in Colorado, I am holding a private seminar for clients and friends. This will be in downtown Denver, on Saturday, Sept. 11th in the afternoon. For information and to register, please contact the office at 410-224-8885 or [email protected] You are welcome to come and bring a friend.


1) Adrian Day: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Midland Explorations, Vista Gold, Lara Exploration, Hutchison, Orogen, Fortuna Silver, Barrick Gold, Altius Minerals. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. Funds controlled by Adrian Day Asset Management, which is unaffiliated with Adrian Day’s newsletter, hold shares of the following companies mentioned in this article: All. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures are below.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.

4) This 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 Midland Exploration, Vista Gold, Lara Exploration, Orogen, Barrick Gold, Osisko Gold, Altius Minerals, Fortuna Silver Mines Inc. and Pan American Silver Corp., companies mentioned in this article.

Adrian Day's Disclosures: Adrian Day's Global Analyst is distributed by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. Publisher: Adrian Day. Owner: Investment Consultants International Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM.

Views herein are the editor's opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. ©2021. Adrian Day's Global Analyst. Information and advice herein are intended purely for the subscriber's own account.

Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

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