Trusted Partner Presentation Why Are Famous Billionaires Buying This Gold Miner? Gold legends-Eric Sprott, Goldcorp founder Rob McEwen, and Kinross founder Bob Buchan-each own a sizable stake in a small Nevada gold miner. Why? Because it's already producing gold, has major infrastructure in place, and sits in one of the world's top gold mining regions. When billionaires get in early, there's a reason. See why these gold giants are backing a company still trading under $1

The Greatest Value Disconnect in a Generation

Here's the opportunity of a lifetime: Gold miners are generating record profits of $1,861 per ounce yet trading as if gold were $2,500. While gold has gained 35% year-to-date, the sector trades at just 7.5x EV/EBITDA versus historical averages of 9x and bull market peaks of 14x.

The numbers are staggering:

• Newmont: Record $1.7 billion quarterly free cash flow
• Kinross: Over $1 billion H1 free cash flow, trading at just 5x cash flow
• Sector-wide: Collective profits soared 144% year-over-year to $7.58 billion

This valuation disconnect represents the greatest opportunity in a generation. While institutional capital remains absent, smart money is accumulating before the inevitable re-rating.

The Leverage Effect: 2-3x Returns vs Physical Gold

Mining stocks provide operational leverage to gold prices that's playing out exactly as expected. The GDX miners ETF is up 98% year-to-date versus gold's 35% gain—delivering nearly 3x leverage to the metal's movement.

Why the leverage works:

• Fixed cost base: Mining costs rise slowly while gold prices surge
• Massive margin expansion: From $800/oz margins to $1,861/oz profits
• Free cash flow explosion: Enables aggressive buybacks and dividend increases

Kinross Gold exemplifies the opportunity: Up 109% year-to-date but still trading at just 5x cash flow with $1+ billion in annual free cash generation and an aggressive $500 million buyback program.

The Smart Money Shopping List

Tier 1 - Blue Chip Miners:

• Newmont (NEM): $55 billion market cap, $1.7B quarterly free cash flow, 20+ mine portfolio
• Kinross Gold (KGC): Best value at 5x cash flow, $1B+ annual free cash flow
• Agnico Eagle (AEM): Premium operator with consistent 15%+ IRRs

Tier 2 - High-Growth Plays:

• Alamos Gold (AGI): Expanding in Canada and Mexico
• B2Gold (BTG): Strong African portfolio with low-cost production

ETF Exposure:

• GDX: Diversified major miner exposure
• GDXJ: Junior miners for higher risk/reward

Trusted Partner Presentation This Gold Miner's Next Move Could Be a Game-Changer A small-cap Nevada gold miner is already producing and has expansion in sight-backed by an onsite refinery and a $6 billion gold asset it's just starting to tap. But that's not all. One of gold's most legendary investors recently doubled his stake in the company. He's not alone. And if the expansion hits, this could be the moment retail investors wish they had watched more closely. Find out what's behind the growing buzz.

Junior Miners: The Discovery Lottery Pays Off

JUST DISCOVERED: While we were researching this report, Onyx Gold exploded another 12% overnight—now up an astronomical 846% year-to-date. This Canadian junior is becoming the poster child for the discovery boom.

The winners:

• Onyx Gold (OGC.V): +846% YTD after expanding near historic Croesus mine
• Goldgroup Mining (GGA.V): +400% YTD after acquiring Pinos project in Mexico
• GDXJ ETF: +102% YTD, more than doubling investor capital

This isn't speculation—these are real projects advancing toward production at $3,600+ gold prices that make previously marginal deposits highly profitable.

The discovery formula:

1. Proven management teams with track records of mine development
2. Projects in established mining districts near existing infrastructure
3. Recent drilling results expanding known mineralization
4. Permitting progress toward production decisions

Streaming Companies: Gold Upside Without Mining Risk

For conservative investors seeking gold leverage without operational risk, streaming companies offer the perfect solution. These firms own royalties on hundreds of mines globally without capital requirements or mining costs.

Record results across the sector:

• Franco-Nevada (FNV): $369.4M Q2 revenue (+42% YoY), 400+ royalty portfolio
• Wheaton Precious Metals (WPM): Record $503M quarterly revenue, zero debt
• Royal Gold (RGLD): Consistent dividend growth, premium asset portfolio

The streaming advantage:

• Diversified exposure: 400+ assets across continents reduce single-mine risk
• No operational costs: Pure revenue from production without expenses
• Debt-free balance sheets: Enable consistent dividend payments
• Inflation protection: Royalties naturally adjust with commodity prices

Technical Analysis: The Breakout is Just Beginning

Gold miners are experiencing technical breakouts across the board as momentum builds. The GDX has broken above multi-year resistance at $42, targeting $48-50 based on measured moves from the base.

Key technical levels:

• GDX support: $39-40 (former resistance now support)
• GDX targets: $48-50 initial, $55+ if gold reaches $4,000
• GDXJ breakout: Above $55 targets $65-70

Volume analysis confirms institutional accumulation with average daily volumes up 40% from historical norms, indicating smart money positioning ahead of broader recognition.

Risk Management and Position Sizing

Mining stocks amplify both gains and losses, requiring careful position sizing and risk management:

Portfolio allocation guidelines:

• Conservative: 5-10% in major miners (GDX)
• Moderate: 10-15% split between majors and juniors
• Aggressive: 15-25% with individual stock picking

Risk mitigation strategies:

1. Diversification: Never more than 3-5% in any single miner
2. Stop losses: Use 15-20% stops on individual positions
3. Profit taking: Scale out positions as targets are reached
4. Rebalancing: Trim winners, add to laggards quarterly

Action Plan: How to Capitalize on the Mining Boom

Immediate actions (next 30 days):

1. Start with GDX: Broad exposure to the sector re-rating
2. Add Kinross Gold (KGC): Best value under $15 with massive cash flow
3. Consider Franco-Nevada (FNV): Lower-risk streaming exposure

Medium-term positioning (6 months):

1. Individual miners: Research Newmont (NEM) and Agnico Eagle (AEM)
2. Junior exposure: GDXJ for discovery upside
3. Technical trading: Use pullbacks for accumulation

What's Coming in Part 3

Next week, we'll reveal advanced strategies for maximizing gold profits: options strategies for leveraged exposure, international miners trading at deep discounts, and the coming wave of M&A activity that will create massive overnight returns.

The mining sector re-rating has barely begun. With record profits, historical low valuations, and gold targeting $4,000+, the next 18 months could deliver life-changing returns for positioned investors.

Before You Go...

Trusted Partner Presentation Barron's: "Gold is about to shoot even higher" Right now, gold might be the hottest investment on the planet. It just soared to new all-time highs of $3,500. And so far this year, it's been beating every popular investment out there — the S&P 500, tech stocks in the Nasdaq and even Bitcoin. Gold analyst Sean Brodrick called this historic rally every step of the way. After the election last year, Brodrick went out on a limb and declared the yellow metal was going much, much higher. Everybody laughed at him at the time. But as the trade wars sent stocks into a tailspin, gold surged to $3,150 — just like Sean predicted. And that's just the start. Sean says 4 powerful market forces will push it to new record highs. In fact, his research says gold could soar to $6,900 per ounce — more than double from the current levels. And right now, investors have a rare chance to make even bigger gains. Without buying a single ounce of bullion! Instead, this little-known investment has a long history of returning 13 times… 21 times… 157 times… even a surprising 1,000 times more than physical gold. Watch Now >> Here's everything you need to know.

Investment decisions should always be based on individual financial circumstances and risk tolerance. Consider consulting with a financial advisor before making investment decisions.

Key Tickers This Week: GDX, GDXJ, NEM, KGC, FNV, WPM, AEM