How To Ride The Gold Rush With One Powerful Stock
Why Element79 Gold Corp. (CSE:ELEM) Might Be The Best Stock To Own In 2024
There are moments in history that define generations.
This is one of those moments.
In a world plagued by runaway inflation, geopolitical tensions, and market volatility—not to mention fears of a looming recession—gold prices are once again attracting attention as it soars over $2,000 an ounce.1
Higher gold prices not only boost mining profit margins and the value of reserves, they tend to attract more overall investing dollars into the mining sector.2
Climbing gold prices also drive consolidation in the mining sector,3 making junior miners ripe buyout targets for majors who want additional reserves and production capacity.
This is why Element79 Gold Corp. (CSE:ELEM) could present the highest-potential opportunity we’ve seen in years as the potential resurgence of the gold market takes flight.
Before diving into the details about Element79 Gold Corp. (CSE:ELEM), including their red-hot production plans, it’s worth taking a look at why investing in the gold sector is a no brainier in 2024.
Once in a Generation Gold Rush
According to many industry professionals, 2024 could send gold surging as high as $3,000 an ounce.4
Beyond the headlines, our analysts have been keeping a close ear to the street, waiting for just the right opportunity to emerge. The recent moves by one junior miner caught our eye at the perfect time.
The restructured, refocused junior that they found is led by industry giants and, according to their most recent reporting, is on the verge of production.
Historically, we’ve seen when an early-stage mining project moves into its first cycle of production, investors reap incredible gains.8
The Start Of Production Could Triple This Stock
Element79 Gold Corp. (CSE:ELEM) has established itself on the international stage with projects in Canada and the U.S.9,10 —but it’s their recent moves in Peru that are the biggest reason Element79 may become a household name in 2024.
Element79 Gold Corp. (CSE:ELEM) is pivoting to production at their flagship high-grade, gold-silver Lucero project in Peru. Importantly, they received exploration permits in September 2023.11
Formerly known as the Shila mine, it was producing over 40,000 ounces of gold equivalent every year. It had extremely high grades producing 19.0 grams per tonne (g/t)12 when it was last fully active in 2005—with impressive recoveries of 94.5% and 85.5% for gold and silver, respectively13—but back then, the market price of gold dipped below the cost of production.
Today, with gold hitting record highs, that’s no longer a problem and in fact, spells opportunity for savvy investors.
Starting as soon as March 2024, Element79 Gold Corp. (CSE:ELEM) plans to commence an advanced drilling program at Lucero with the intention to support a preliminary economic assessment, enabling the company to eventually move into prefeasibility studies.
These are important, confidence-building steps in the trajectory towards sustainable production.14
Imagine the impact this will have on the stock price of Element79 Gold Corp. (CSE:ELEM). Last time we saw a company move into production its stock soared 392%.15
This is the chart of the last company we saw move into production, its stock soared 392%16
Strategic Moves Are Creating The Perfect Setup For A Massive Run
Since going public, Element79 Gold Corp. (CSE:ELEM) has been on an aggressive M&A path, making numerous strategic moves.
The company is in the process of selling a property in Nevada,17 announced the pending sale of two projects in May 2023,18 and is additionally selling three projects to another mineral company.19
In July 2023, Element79 transferred yet another property to effect a spin-out expected to unlock additional value to shareholders20 and it is currently under negotiations for future project advancements in Canada.21
But the most important move was in early November, when Element79 Gold Corp. (CSE:ELEM) underwent a 10-for-1 reverse stock split, which significantly reduced the number of outstanding shares.22
With the newly reduced, limited supply of shares of Element79, it won’t take much for demand to outstrip supply, sparking a bidding war that could send the price soaring.
It’s happened many times before. In fact, some of the biggest runs in mining history have been due to restricted supply.
Take for example what happened with Patriot Battery Metals Inc. when it ran over 5,632%.
This is the chart of the last company where demand outstripped supply, its stock soared 5,632%23
As you can see from the chart above, when we watched this company last year, the stock price went parabolic.
Investors who bought their shares early for only $0.28 per share and held their positions, saw the price soar to an astounding $16.05 per share. This was all thanks to a very limited share supply.24
Now that very same setup is here with Element79 Gold Corp. (CSE:ELEM).
Great Leaders Make Great Companies
Management is a key component to success and Element79 Gold Corp. (CSE:ELEM) has no shortage of world-class talent. Their team is a who’s who of leadership behind some of the biggest and most successful projects of all time.
The current Chief Operating Officer of Element79 is Antonio Maragakis. Mr. Maragakis holds a distinguished resume, including management and director-level positions overseeing multi-billion dollar project portfolios internationally at organizations such as:
- Barrick Gold Corporation (NYSE Listed), where he lead project controls in North America across a portfolio of 70+ projects worth over $2.3 billion.
- Skeena Resources Limited (TSX Listed), where he worked closely with executive leadership to develop the Eskay Creek Project and corporate processes and management systems.
- Freeport-McMoRan Inc. (NYSE Listed), where he helped develop the $3 billion Indonesian Copper Smelter Project which includes a 2 million ton/annum smelter and precious metal recovery plant.
- Eldorado Gold Corporation (TSX, NYSE Listed), where he was Project Director for the over $1 billion Skouries Project as well as leading the operational turnaround of the Kassandra Mines.
- Koch Industries (the largest privately held company in the U.S.), at its subsidiary, Koch Ag. & Energy Solutions where he helped execute the Enid Expansion Megaproject, at the time the largest capital project ever undertaken by the entire Koch Industries conglomerate.25
Another director of Element79 Gold Corp. (CSE:ELEM) is Shane Williams. Mr. Williams carries a history of significant value creation in both early-stage and operating companies, which includes senior executive and management roles overseeing and delivering world-class multibillion-dollar projects at highly prominent companies, including:
- Chief Operation Officer at Skeena Resources Limited (NYSE Listed), Eskay Creek Project
A key member of the Skeena Resources team as the company developed from explorer to becoming a leading tier-one developer, overseeing the flagship Eskay Creek project’s advancement towards production and increasing shareholder value by +300%. The Eskay Creek project has been estimated to have an after-tax net present value of $1.4 billion. - Senior Vice President at Eldorado Gold Corporation (NYSE Listed), $2B Global Project Portfolio
Oversaw the transition of the Lamaque Project from exploration into a successful operation in a record 18-months, with first year ramp up resulting in an increase in company value by approximately $300 million (an increase of over +50% at the time). The Lamaque mine continues to deliver significant value to the Eldorado gold portfolio. - General Manager of Expansion Projects at Iron Ore Company of Canada a subsidiary of the Rio Tinto Group (NYSE Listed), $2.5B Capital Expenditure
Managed a combined capital expenditure of $2.5 billion across a series of expansion projects and studies.26
When experienced management of this caliber is running the show, tremendous success is all but guaranteed to be around the corner.
It appears to only be a matter of time before Element79 Gold Corp. (CSE:ELEM) becomes the next major success story in mining history.
Early investors who are buying today could be the lucky few to reap life-changing returns because it’s not everyday you find a company at just the right time.
Early-Mover Investors Have The Potential To Reap The Largest Profits
You’d be hard pressed to find a better example that combines all of these powerful elements together. This is why we have announced Element79 Gold Corp. (CSE:ELEM) as our #1 pick of 2024.
And it’s not just us. Last year, mining expert Mark Reichman issued a price target of $8.50 (split-adjusted) on the stock of Element79 Gold Corp. (CSE:ELEM)27, which represents a 4,900% increase over current prices.
If this price target is reached, investors who are buying today could see massive windfall returns.28
Element79 Gold Corp. (CSE:ELEM) shares are currently trading under a dollar per share.29 If production flows in the coming years as planned by the company, it’s a safe assumption that today’s prices will be history—and investors could be sitting on a pile of gold of their own.
Happy trading,
James ShawEmerging Markets
CSE: ELEM
IMPORTANT RELATED NOTICES
Many of the following statements are common sense. Generally, they include (but are not limited to) the basic concepts that:
i) No one can predict the future with 100% accuracy.
ii) We do not provide a warranty that we will be 100% correct all the time.
iii) We write these Articles with a view to make money ourselves.
iv) The Article is intended for a specific audience and we have necessarily made assumptions about that audience.
However, for the purposes of being exceptionally clear with our audience and to remove any doubt about whether we are omitting information, we have written all of these common sense implied matters in a detailed format below to make them explicit.
We have further formatted this entire section to be the same prominence as the other content.
Titles For Convenience Disclaimer
Paragraph headings and titles contained herein are intended for convenience and reference only and are not intended to define, limit, or describe the scope or intent of any provision of this notice section.
Definitions Section
Reader refers to you as the consumer of the content.
Article means content above or attached to this notice.
Publication means the owner and publisher of the Article.
Author means the writer of this Article hired by the Publication.
Company means the primary subject of the Article. In circumstances where there are multiple subject companies, Company shall be interpreted as plural and apply to all.
Forward-Looking Statements Disclaimer
The contents of the Article contain forward-looking statements and expectations that involve risks and uncertainties. These forward-looking statements include, but are not limited to, statements concerning any potential future of the Company, its strategy, future operations, future financial position, future revenues, projected costs, profitability, expected cost reductions, capital adequacy and expectations regarding demand and acceptance for the Company’s technologies, growth opportunities and trends in the market in which the Company operates, prospects and plans and objectives of management of the Company.
The words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.
The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and the Reader should not place undue reliance on the forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the Company’s actual results to differ materially from those in the forward-looking statements, including, without limitation, the risks set forth in this Article.
Dated Content, No Other Notices, No Update Disclaimer
Dated Content
The content is dated as of a specific date, and therefore is “dated” and in the past, old and only current as of the publish date.
No Other Notices
The Publication may have issued, and may in the future issue, other communications that are inconsistent with, and reach different conclusions from, the information presented in this Article. Those communications reflect the different assumptions, views and analytical methods of the particular author who prepared them and the Publication is under no obligation to ensure that such other communications are brought to the attention of any recipient of this Article. The Publication will not give anyone notice of any new content, either updates or conflicting Articles from other authors.
No Update Disclaimer
The Author and the Publication disclaim any obligation to update the content. No obligation is taken to update any statements. The Publication and the Author have no obligation to update the Article, the information was compiled on a best efforts basis as of the publishing date but there is no promise to update the Article if any facts change.
Intended Uses Disclaimer
Not An Offer or Solicitation
The content, tools, and material presented in this Article are provided to the Reader for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments.
This Article is not an offer or solicitation for any purchase or sale of any securities whatsoever and is for informational purposes only. Any Reader should use this Article as a starting point for further research including reading filings, news, and other relevant information before making any decision of any kind.
Not Personal Financial Advice
The Publication and the Author have not taken any steps to ensure that the securities referred to in this Article are suitable for any particular Reader. The investments and services contained or referred to in this Article may not be suitable for the Reader and it is recommended that the Reader consult an independent investment advisor if the Reader is in doubt about such investments or investment services. Nothing in this Article constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to the Reader or individual circumstances, or otherwise constitutes a personal recommendation to the Reader.
This Article is for general informational purposes only and is not intended to be personalized financial advice whatsoever as it is not personalized, the Publication and the Author are not registered financial advisors, any Reader should consult with his or her personal financial advisor to discuss whether an investment would be right for them or not.
This Article is not to be relied upon in substitution for the exercise of independent judgment.
Warranty Disclaimer
No Warranty of Content
The Publication and the Author do not warranty nor make any representations regarding the use or the results of the use of the site or materials or statements on this Article or on third-party sites in terms of their correctness, accuracy, timeliness, reliability or otherwise.
The information presented in this Article has been obtained or derived from sources believed to be reliable, but the Publication makes no representation as to their accuracy or completeness. The Publication and the Author do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted via the Article. The Publication and the Author do not guarantee the accuracy or the completeness of any statements.
No Warranty of Performance
Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this Article can fall as well as rise.
No Endorsement
The Publication does not endorse any opinions expressed in this Article.
Conflicts, Biases and Compensation Disclaimer
The opinions expressed in this Article are the Author’s sole and independent opinion and compensation received from the Publication for the writing of this Article is not related to the opinions expressed, although the Author is aware of the general market pressure to write positive articles as those articles generally and historically receive more views and readers than a negative article and therefore, while the opinions expressed are not tied to any payment or contractual obligation, the Author is likely biased in the sense that the Author is attempting to maximize his or her personal earnings by producing positive articles that will likely attract more readers that will likely result in higher per article rates in the future.
The Author is further biased by the fact that the Author prefers to write about companies that the Author finds interesting and intriguing and therefore that further biases content to be more often positive than not. The Author anticipates to gain significant reputation should the Article(s) be proven right and this stands as a basis for making bold predictions based on the reasonable basis uncovered during the Author’s research.
The Author has previously billed a total of $2,900 to date for the following Article(s) already published by the Publication:
- Article dated February 20, 2023, cash compensation of $500, zero shares owned as of date of Article.
- Article dated June 02, 2023, cash compensation of $650, zero shares owned as of date of Article.
- Article dated June 23, 2023, cash compensation of $750, zero shares owned as of date of Article.
- Article dated January 05, 2024 on the Company, cash compensation of $1,000, zero shares owned as of date of Article.
The Author also expects to receive a payment from the Publication for the sum of $1,500 to write this Article on the Company for the Publication. The Author does not own shares of the Company or companies mentioned and does not intend to buy or sell any shares within the next 48 hours.
Assumptions by the Author Regarding Readers Disclaimer
It is an important part of the writing process to consider the audience of Readers, commonly understood context, and relevant backgrounds.
This Article makes the following assumptions regarding the Reader who will consume this content:
i) The Reader understands portfolio theory and further is commonly aware of the suitability of high-risk, speculative investments as part of a well-diversified portfolio with long-term time horizons, no need for short-term liquidity, and the ability to purchase baskets of 25 or more companies similar to the Company and that, as a whole, the basket is likely to produce a net return but individually, each independent company is unlikely to result in any positive return and that is a commonly understood, if not desirable and wholly the purpose of such speculative investing and therefore the intention of the Reader is to read about the potential of the high risk situation, already being well aware of these other contextual factors.
ii) The Reader is well-versed in understanding risk factors related to these companies, knows where to find them including at the relevant EDGAR and SEDAR filing locations, including the extremely speculative nature and high potential for total loss on any single Article topic and again, this is a desired feature and well understood implied understanding of Reader audience.
iii) The Reader is concerned only about their side of any potential trade and is capable of making an independent judgment of whether any potential trade represents a fair exchange of value for their consideration, the Author has no way of evaluating or even speculating as to who might be on the other side of a trade, the spreads or commissions related, and that is not something that either party cares about at all expect as far as the Reader is capable of calculating and understanding liquidity premiums, spreads, risks and commissions they may or may not encounter with their registered broker-dealer, of which the Author is not and the Reader understands this as an implied understanding of reading this Article purely as a reporter to an audience with no other relationship existing between the parties.
iv) The Reader understands that the Author may be wholly incorrect regarding their opinion on this Company but both parties understand bold, ambitious, and grand predictions about the potential future of a company is an eminently desirable trait of such Articles as again, the entire point and purpose of readers in this industry and space is to buy many high potential companies like the Company to find the one that may return far more to pay for all the losers, and for the avoidance of doubt, both parties understand that is more likely than not on single issuers just as a matter of course and reality of speculative investing. The Author does however understand that should predictions and Articles prove above-average at identifying winners, the audience of readers will grow drastically and the Author is thereby incentivization in that sense to highlight companies genuinely expected to do well.
The Reader and the Author are aware of the general counter-incentive to also write as many Articles as possible for cash payments from the Publication. The only understanding implied is that the Article will be the genuine current belief, as of the date of the Article written by the Author about the Company for the Publication.
Default Currency In Article
All Prices in the Article are in Canadian Dollars unless stated otherwise.
Copyrighted Content
The content is copyright protected and all rights are reserved.
SOURCES
1. Insider Inc. and finanzen.net GmbH, Historical Prices for Gold and 11/11/22 Date (2023), https://markets.businessinsider.com/commodities/gold-price (last accessed December 26, 2023), (“Open: 2,053”)(“Close: 2,056”).[archived copy available at https://web.archive.org/web/20240204193038/https://markets.businessinsider.com/commodities/gold-price
2. EQUIFUND., Jake Hoffberg; Co-Founder & Publisher, Why are gold royalty companies merging right now? (September 23,2023), https://www.linkedin.com/pulse/why-gold-royalty-companies-merging-right-now-jake-hoffberg; last accessed January 1, 2023, (“Even more interesting, gold production is one of the most fragmented commodity producing industries and in the face of more than a decade of under-investment in exploration, many of the Majors are forced to grow through acquisitions of existing projects. This – in addition to the prospect of higher gold prices, and record high cash levels – is driving the current consolidation cycle in the broader gold mining industry.”) [archived copy available at https://web.archive.org/web/20240102045538/https://www.linkedin.com/pulse/why-gold-royalty-companies-merging-right-now-jake-hoffberg
3. Dotdash Meredith., Michael Bromberg, >Why Gold Matters: Everything You Need to Know(January 12,2023), https://www.investopedia.com/articles/economics/09/why-gold-matters.asp; last accessed January 1, 2023, (“As the price of gold goes up, miners’ higher profit margins can boost earnings exponentially. Suppose a mining company has a profit margin of $200 when the price of gold is $1,000. If the price rises 10%, to $1,100 an ounce, the operating margin of the gold miner goes up to $300—a 50% increase.”) [archived copy available at https://web.archive.org/web/20230504235641/https://www.investopedia.com/articles/economics/09/why-gold-matters.asp
4. InvestorPlace Media, LLC., Gold Price Predictions 2024: How Much Higher Will the Yellow Metal Go? (December 14, 2023), https://investorplace.com/2023/12/gold-price-predictions-2024-how-much-higher-will-the-yellow-metal-go/; last accessed Dec 26, 2023), https://investorplace.com/2023/12/gold-price-predictions-2024-how-much-higher-will-the-yellow-metal-go/,(“Anticipating declining yields, gold prices are predicted to rise further. FXEmpire suggests a potential major rally, projecting gold to reach $3,000 if it surpasses the psychological barrier of $2,100.”) [archived copy available at https://web.archive.org/web/20231216145857/https://investorplace.com/2023/12/gold-price-predictions-2024-how-much-higher-will-the-yellow-metal-go/].
5. The Arena Media Brands, LLC., Ivan Castano For CME Group, Why Central Banks are Buying and Selling Gold (August 2, 2023), https://www.thestreet.com/finance/why-central-banks-are-buying-and-selling-gold; last accessed December 26, 2023, (“Central bank accumulation and the potential for a global economic slowdown, on the back of the most aggressive rate-hike period ever, may set the stage for gold to move toward roughly $3,000 an ounce.”) [archived copy available at https://web.archive.org/web/20230805005329/https://www.thestreet.com/finance/why-central-banks-are-buying-and-selling-gold].
6. CNBC LLC., Jenni Reid, Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts (November 27, 2023), https://www.cnbc.com/2023/11/27/gold-at-six-month-high-as-dollar-declines-and-investors-eye-rate-cuts.html; last accessed December 27, 2023, (“Bank of America analysts, meanwhile, said in a Sunday note that the commodities team’s base case was for gold to appreciate from the second quarter of 2024 as “real rates are pushed lower by the Fed cutting.””) [archived copy available at https://web.archive.org/web/20231204061045/https://www.cnbc.com/2023/11/27/gold-at-six-month-high-as-dollar-declines-and-investors-eye-rate-cuts.html].
7. Empire Media Network LTD., AG Thorson, Gold Forecast – Bullish Price Chart Supports $3000 Target in 2024 (June 30, 2023), https://www.fxempire.com/forecasts/article/gold-forecast-bullish-price-chart-supports-3000-target-in-2024-1358319; last accessed December 27, 2023, (“Timing the exact bottom is irrelevant if gold reaches our $3000 target in 2024. Gold miners should benefit greatly; some could rally 200% or more.”) [archived copy available at https://web.archive.org/web/20240220134144/https://www.fxempire.com/forecasts/article/gold-forecast-bullish-price-chart-supports-3000-target-in-2024-1358319].
8. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
9. Element79 Gold, James C. Tworek, Chief Executive Officer, Citi Group’s Edward Morse predicts gold prices to soar to $2,400 per ounce (May 9, 2023), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/107227-element79-gold-begins-phase-1-exploration-program-on-the-dale-gold-property-in-the-abitibi-subprovince-ontario-canada.html; last accessed December 27, 2023, (“(“Element79 Gold”, the “Company”) is pleased to provide an update on its ongoing progress within the Abitibi Subprovince targeting bulk tonnage style gold mineralization at its Dale Gold Property in Ontario, Canada.”) [archived copy available at https://web.archive.org/web/20210924101411/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/107227-element79-gold-begins-phase-1-exploration-program-on-the-dale-gold-property-in-the-abitibi-subprovince-ontario-canada.html].
10. Element79 Gold, James C. Tworek, Chief Executive Officer, Element79 Gold Completes Acquisition of Nevada Gold Portfolio (December 23, 2021), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/113116-element79-gold-completes-acquisition-of-nevada-gold-portfolio.html; last accessed December 27, 2023, (“(“Element79 Gold”, the “Company”) is pleased to announce that it has fully closed on an asset purchase agreement (the “Asset Purchase Agreement”) acquiring the flagship Maverick Springs Project (“Maverick Springs”) and 15 additional Projects that comprise the Battle Mountain Portfolio (individually, each a “Project”, and collectively, the “Battle Mountain Portfolio”), located in the gold mining regions of northeastern Nevada.”) [archived copy available at https://web.archive.org/web/20211224004048/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/113116-element79-gold-completes-acquisition-of-nevada-gold-portfolio.html].
11. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“In 2023, ELEM transitioned from a project incubator to a production focus with sights set on bringing the high-grade, past-producing Lucero mine back into production in 2024.”); (“Lucero: $ELEM expanded the property in June 2023, received Exploration Permits in September 2023, and continued investment in mapping, channel sampling, and amassing data that will feed a drill program in 2024. Being that it’s in small-scale production today by the local artisanal miners, we have a production permit, its high-grade historical production, this is our flagship project.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
12. TheNewswire, Element 79 Gold, Element79 Gold Corp. Provides 2023 Summary and Corporate Update with Focus on Bringing Lucero Towards Production in 2024 (November 2, 2023), https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html; last accessed December 27, 2023, (“Element79 Gold Corp. acquired Lucero, formerly known as the Shila mine, on June 28, 2022. This is a major development for us, because Shila was last operational in 2005, producing over 40,000oz of gold equivalent (“AuEq”) every year at an impressive grade of 19.0g/t AuEq.”) [archived copy available at https://web.archive.org/web/20231228070309/https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html].
13. TheNewswire, Element 79 Gold, Element79 Gold Corp. Provides 2023 Summary and Corporate Update with Focus on Bringing Lucero Towards Production in 2024 (November 2, 2023), https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html; last accessed December 27, 2023, (“There’s a common saying in the mining world: “The best place to find a mine is where there used to be one”. This mine was owned and operated by Minas Buenaventura S.A. (NYSE:BVN) from 1989 to 2005 and historical data indicates the mine had impressive metrics with recoveries of 94.5 % and 85.5 % for gold and silver, respectively”) [archived copy available at https://web.archive.org/web/20231228070309/https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html].
14. TheNewswire, Element 79 Gold, Element79 Gold Corp. Provides 2023 Summary and Corporate Update with Focus on Bringing Lucero Towards Production in 2024 (November 2, 2023), https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html; last accessed December 27, 2023, (“We’re thrilled to share that our strategic roadmap for the coming year is robust and filled with promising opportunities. First on the agenda is an advanced drilling program at Lucero based on the data gathered in the 2023 program. Drilling will be set to commence after the rainy season, around March-April 2024. Our intent to drill out the existing veins goes beyond merely verifying a Resource: given that Lucero is a past-producing mine and the local artisanal miners are working there today, we are confident that economic resources can be outlined there are Resources present and available for extraction. As designed by VP Exploration Kim Kirkland, it is our intention that this drill program will also support a Preliminary Economic Assessment (PEA) enabling us to eventually move into Pre-Feasibility Studies (PFS). These are important, confidence-building steps in the trajectory towards sustainable production.”) [archived copy available at https://web.archive.org/web/20231228070309/https://www.thenewswire.com/press-releases/1LaPF5Dnm-element79-gold-corp-provides-2023-summary-and-corporate-update-with-focus-on-bringing-lucero-towards-production-in-2024.html].
15. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
16. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
17. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Maverick Springs: The sale Option was initially contracted on August 31, and an extension was announced on October 23 with an ultimate completion anticipated on or before the end of March 2024. The counterparty continues to complete the steps required relative to their own listing process.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
18. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Centra Sale: Two Nevada projects were sold to Centra for CAD 1,000,000 in stock in May 2023. Centra is completing its 43-101 on the Long Peak property and commencing final filings for its own IPO. Once Element79 receives these shares and they trade freely, the Company will manage its holdings strategically for corporate growth and investment into operational budgets.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
19. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Valdo Sale: The Company also selling three Nevada projects to Valdo Minerals for CAD 1,250,000 in stock through a deal announced in November 2022 and extended in May 2023.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
20. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Dale Spinout: In July 2023, we transferred the Dale Property to Synergy Metals Corp. Synergy has sourced a CAD $200,000 loan to complete Plan of Arrangement “spin-out” process”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
21. TheNewswire, Element 79 Gold, Element79 Gold Corp. Invitation to Investors: an Open AMA: Q&A Forum to share Plans for 2024 and Beyond (November 23, 2023), https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html; last accessed December 27, 2023, (“Snowbird Project: Currently under negotiations with Plutus for future project advancements.”) [archived copy available at https://web.archive.org/web/20231228054659/https://www.thenewswire.com/press-releases/1k3wFo2GY-element79-gold-corp-invitation-to-investors-an-open-ama-qa-forum-to-share-plans-for-2024-and-beyond.html].
22. TheNewswire, Element 79 Gold, Element 79 Gold Announces Proposed Share Consolidation (November 2, 2023), https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/150643-element-79-gold-corp-announces-proposed-share-consolidation.html; last accessed December 27, 2023, (“As a result of the Consolidation, each 10 Existing Shares outstanding will automatically combine into one Consolidated Share without any action on the part of the holders, and the number of outstanding Common Shares will be reduced from approximately 131,394,391 Common Shares to approximately 13,139,439 Common Shares.”) [archived copy available at https://web.archive.org/web/20231228072442/https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3022-cse/elem/150643-element-79-gold-corp-announces-proposed-share-consolidation.html].
23. Yahoo! Finance, Newmont Corporation (NEM), (Jan 7, 2024), https://finance.yahoo.com/quote/NEM/history?period1=946684800&period2=976579200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true; last accessed January 7, 2024, The underlying math is done using the following Historical Quote value “Date: Oct. 25, 2000, Open: $12.75” from Yahoo!Finance (n 1) and value https://finance.yahoo.com/quote/NEM/history?period1=1136073600&period2=1165881600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true “Date: Jan. 31, 2006 Open: $62.71” from Big Charts from Marketwatch (n 2) and applying it to the following formula “Percent increase = [(new value – original value)/original value] × 100”, This yields an answer of [(12.75-62.71/12.75]x100 = 392% increase.
24. PMET FEB 1, 2021 TO JUNE 1, 2023 FEB 1, 2021– LOW: 0.28 JUNE 1, 2023 – HIGH: 16.05
25. ACCESSWIRE, Element79 Gold Corp., Element79 Gold Welcomes Another Barrick Gold Alumnus, Ex-Goldstrike General Manager as Advisor to the Board (Nov. 08, 2021), https://www.accesswire.com/671595/Element79-Gold-Welcomes-Another-Barrick-Gold-Alumnus-Ex-Goldstrike-General-Manager-as-Advisor-to-the-Board; last accessed January 7, 2024, (Entire Press Release Used) [archived copy available at https://web.archive.org/web/20211108123605/https://www.accesswire.com/671595/Element79-Gold-Welcomes-Another-Barrick-Gold-Alumnus-Ex-Goldstrike-General-Manager-as-Advisor-to-the-Board].
26. ACCESSWIRE, Element79 Gold Corp., Element79 Gold Appoints Shane Williams to Board of Directors (July 07, 2022), https://www.accesswire.com/707806/Element79-Gold-Appoints-Shane-Williams-to-Board-of-Directors; last accessed January 7, 2024, (Entire Press Release Used) [archived copy available at https://web.archive.org/web/20230204210129/https://www.accesswire.com/707806/Element79-Gold-Appoints-Shane-Williams-to-Board-of-Directors].
27. TheNewswire, Element 79 Gold, Element79 Gold Corp. Announces Key Leadership Transition: COO Antonios Maragakis to Remain as Director, Kim Kirkland Appointed as New COO(November 15, 2023), https://noblelinx.com/x/research/temp/ELMGF_20230125_25558.pdf; last accessed January 7,2024, (“We are grateful to Antonios for his outstanding leadership as COO, and we are pleased that he will remain on our board. We fully support his decision to prioritize his professional commitments while continuing to contribute to the Element79 strategic vision,” said James C. Tworek, CEO and Director of Element79 Gold Corp.”) [archived copy available at “https://web.archive.org/web/20240114015729/https://noblelinx.com/x/research/temp/ELMGF_20230125_25558.pdf”].
28. The underlying math is done using the following $5,000 (n 1) and value 4,900% (n 2) and applying it to the following formula “Value = [(new value – original value)/original value] × 100”, This yields an answer of 5000 × (1 + 4900%) = 5000 × (1 + 49) = 250000.
29. Yahoo! Finance, Historical Prices for ELEM.CN and 11/11/22 Date (2023), https://finance.yahoo.com/quote/ELEM.CN/history?p=ELEM.CN (last accessed Jan 05, 2024), (“Open: $0.1750”)(“Close: $0.1700”).[archived copy available at “https://web.archive.org/web/20240117165855/https://finance.yahoo.com/quote/ELEM.CN/history?p=ELEM.CN”].