At the time of the deal on December 17th we commented how “Mining is an expensive hobby“, but that may have been harsh. Clearly there’s money to be made in the mining sector or there wouldn’t be as many rabid capitalists swimming in its waters so, let’s check in on the players to see how things have gone since then:
- Mercedes mine vendor Equinox (EQX), how you doing?
- Holders of the gold stream on Mercedes Sandstorm (SAND), did Q1 turn out well for you?
- Silver bullion (SLV) owners, going okay?
- Silver miner sector players (SIL), keeping it real?
- Mercedes mine purchaser Bear Creek (BCM.v), feeling transformative these days?
An ominous sign of things to come? Apparently buying from the junk bin isn’t always a good strategy.
The Company has become aware that on March 23, 2022, TRR Offtakes LLC, a subsidiary of Trident Royalties Plc which in January 2022 acquired a non-material offtake agreement with subsidiaries of Equinox Gold – brought an application for an order of an arbitrator restraining and enjoining the closing of the Acquisition. Bear Creek believes the application is with merit.