Some Miners on the OTCQX Market Could be Ripe for Boons With Inflation Concerns
Anyone who has a finger on the pulse of the global economic situation has probably heard about inflation lately, especially with the U.S. Federal Reserve Chairman Jerome Powell recently discussing the Fed’s view about how much is tolerable and how long it will last.
As concerns regarding inflation have risen, so too has chatter about hedges. This makes now a particularly unique time for precious metals and the companies that mine them.
Traditionally, assets like gold, silver and platinum have long been considered hedges against inflation. So, while consumers may be looking at higher costs for goods, investors are looking at so-called “safe haven” assets. One of the challenges of investing in miners, however, is that it can be difficult to figure out how to choose amongst a large number of possibilities.
To help narrow down the field, we took a look at the OTCQX Best 50 list as a guide—the OTCQX Best 50 is a ranking of top performing companies on the OTCQX Best Market based on 2020’s total return and average daily dollar volume growth—here are four companies who recently reported earnings.
Calibre Mining Corp. (OTCQX: CXBMF)
Calibre is a multi-asset gold producing company with 2,700,000 tonnes of annual installed processing capacity. The company showed a 33% year-over-year increase in revenue to the tune of $82 million in the last year, announced in Q3 2021. Additionally, it made strides in net income and operating income, with year-over-year 31.69% and 39.55% increases respectively from Q3 2021.