RE:FIRST QUARTER 2022 OPERATIONAL RESULTSAdded ORLA to my portfolio Friday of lower cost miners w great prospects. This includes Lundin Gold, Newcrest, Karora and a speculative position in Galane. I sold Alamos and moved that to Orla for the low AISC. As cost pressured persist, the lower cost producers have good free cash flow to continue to fund exploration and keep their balance sheets strong.
They will do well at gold 1700,1800,1900 or higher. Obviously the price of gold dictates how well these perform, but with the price down now, it also keeps the miners disciplined and focused on costs and smart investment. Bea