Precious Metal Stocks as Hot as the Heat Wave
Contributed Opinion

1. [Goliath Resources Ltd.] is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. [Ron Struthers]: I, or members of my immediate household or family, own securities of: [Aya Silver, Goliath Gold, Ramp Metals]. My company has a financial relationship with [None]. My company has purchased stocks mentioned in this article for my management clients: [None.] I determined which companies would be included in this article based on my research and understanding of the sector.
3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. 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. Any disclosures from the author can be found  below. 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 and is not a solicitation for any 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. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

Struthers Resource Stock Report Disclosures

All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

Hoping everyone is have a great summer. It has started off with record heat in Ontario and there has been lots of weather drama being reported. A record high of 35.3 C in Burlington, beating the 35C back in 2011. Goderich area at 31.7 breaking the 30.6C in 1874 and a host of other areas.

Once again, perhaps a period like the 1970/80s. Despite these highs, they are a long way off from the Ontario record in Turbine, in the Sudbury area. On July 31, 1975 the temperature hit 42.8C. Or go back to the mid west dust bowl in the 1930s, Manitoba 44.4C and Saskatchewan 45C.

And we have some very hot news with some of our precious metals picks.

The production ramp up at AYA's Zgounder mine is going well and ahead of schedule.

Aya Gold & Silver 

^{Recent Price $12.20}

^{Entry Price $11.43}

^{Opinion – Buy}

Aya Gold and Silver Inc.'s (AYA:TSX; MYAGF:OTCMKTS) May Operational Highlights:

• Silver recoveries reached 88% in May, in line with feasibility study assumptions and trending well above plan in June.
• Both underground and open pit ramp-up progressed well, with 2,317 tonnes per day ("tpd") mined. As planned from mine sequencing, waste mining in the open pit was accelerated as part of the pit expansion (the "super-pit").
• Underground mining rate reached 1,101 tpd, exceeding our 1,000 tpd long-term target.
• Mill throughput averaged 2,938 tpd at 98% availability, outperforming expectations and tracking ahead of ramp-up plans.

Mill capacity is now operating at over 3,000 tpd in June, with plans underway to increase capacity into both Q3 and Q4-2025.

"Our operations continue to outperform across the board while we continue to improve grade dilution and sequencing," said Benoit La Salle, President and CEO."Mine ramp-up is ahead of schedule with strong production. Mill throughput has been consistently above nameplate, and recoveries have improved and are in line with the plan. April and May results confirm that we're hitting key targets. The open-pit expansion is progressing on track, and we're already executing our plan to improve milling capacity, positioning us for a strong second half and highlighting the full potential of Zgounder."

The stock came down from it's break out in early June with news of a large financing at $13.35 per share. The stock is now not far above our entry price and into a support zone.

I see as a good buy price here.

Goliath Gold 

^{Recent Price - $2.10}

^{Entry Price - $1.22}

^{Opinion – Buy}

Keeping with the hot weather theme, it was the warmer weather of the past decade that caused snow melt and glacier retreat that revealed Goliath Resources Ltd.'s (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) high grade discovery.

The previously announced 40,000 meter drill program has been increased up to 60,000 meters with nine drill rigs that is fully funded on the Surebet high-grade gold discovery. This significantly upsized program is in light of the newly discovered widespread abundant visible gold seen with the naked eye in multiple reduced intrusion related gold (RIRG) dykes, as well as in the calc-silicate altered breccia during the re-logging initiative of core drilled between 2021 – 2024.

As a recap, 59 out of 64 holes (or 92%) drilled in 2024 contained gold visible to the naked eye up to 11.5 mm (7/16 inches) in size, all of which assayed for high-grade gold. The best hole drilled to date is GD-24-260 previously reported from the Bonanza Zone assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over a very wide 39 meters.

Goliath had a solid balance as of Q1, plus the recently closed and upsized charity flow through financing of $27,000,000 priced at $3.17 per share (no warrant). The 2025 planned drill campaign is systematic drilling designed to outline in detail the full geometry and extent of this discovery laterally and to depth. 100% of the drilling will be focused on the Surebet Discovery.

The plan is for:

• Testing for the Motherlode Causative Intrusive Gold Source;
• Testing an additional 13 Eocene dykes observed on the surface that have never been drill tested for mineralization;
• Infill drilling with the goal of increasing pierce points density in all known stacked veins with a particular focus on the highest-grade areas from the Bonanza Zone and Surebet Zone intersection domain;
• Testing zones where the RIRG dykes and gently dipping veins crosscut which are being called Goldilocks zones as they are key locations where there are two styles of gold mineralization enriching the zones; and
• Expanding the known mineralized veins laterally and to depth where they currently remain open.

The stock is in an uptrend and has made higher highs. I see near term target as $2.70.

We have almost a double on the stock, but I believe it is nowhere near pricing in the world-class gold discovery they are revealing. I still see a lot of upside from here. The stock sold off at the end of February on drill news.

There was very good results but this was the last of the 2024 drill results and I suppose the market new there would be no more results for sometime. That said, with nine drill rigs turning this season, there will be all kinds of very good drill results coming to propel the stock higher.

Ramp Metals

^{Recent Price - $1.43}

^{Entry Price - 0.47}

^{Opinion – Take part profits, sell 1/3 around $1.50}

Nothing weather related to Ramp Metals Inc. (RAMP:TSXV), but they did make a hot discovery in 2024. The Ranger-01 discovery hole with multiple gold zones, including 73.55 g/t Au and 19.50 g/t Ag from 227-234.5m.

We jumped into the stock right away and then Eric Sprott came in. They finished a 20 hole drill program in mid June with assays now pending. There is no telling what results will come back as and how the market will react.

Therefore, we are up about 200% or a triple, so a prudent move is to sell about 1/3 positions and remove all seed investment.

The stock sold off in mid June for no particular reason.

With speculation of drill results coming and looking at the chart we should at least see a move back to around $1.50 where we can take some profits.