Very high volume Friday. I just hopped onto the computer just perusing various market data and peaking at a few charts. Then I saw this for Aris Mining on the TSX:
The high volume certainly was a buy on the close for the last trade day in August. I looked at a variety of other mining charts and found no equivalent. Between the Toronto and NYSE tickers, the past week was the highest trade value since the reverse merger of Aris Gold and GCM nearly two years ago.
For every buyer (Bull), there is a seller (Bear). One weakness Aris has is Institutional Ownership, which stands at 48% of outstanding shares. IAMGOLD and Equinox are around 64% Institutionally held. The big trade(s) Friday occurred was institutional buying. I believe Aris' market cap will grow as more institutions pile in and retail get out. Relative to peers, there's quite a bit of catching up to do.
I am on the perennial hunt for miners with rapid near-term production growth. IAMGOLD and Equinox are going through a production growth spurt for the next few quarters. Aris goes from 220k ounces in 2024, to 320k ounces in 2025, growing to 500k/year in H2, 2026.
Does anyone that posts/read here have any names of miners rapidly growing PM production on the horizon of now through 2026?