Insider Buying Signals Gold Industry Momentum

FN Media Group Presents Market Commentary


New York, NY – October 19, 2020 -As the general economy tanks and precious metal values soar, the mining industry is booming. No one knows this better than the people in charge of mining companies. Over the past few months, plenty of examples have popped up of junior mining company executives buying up stock in their own companies, or institutional investors buying shares under direct influence from the company’s own management. When this happens, it can be taken as an indicator that the people who know the company in question best are highly confident in its future. We have seen a surge of insider buying lately, with activity from companies like Graycliff Exploration Ltd. (CSE: GRAY) (FSE: GE0), Yamana Gold (NYSE: AUY) (TSX: YRI), Capstone Mining Corp. (TSX: CS) (OTCPK: CSFFF), Ivanhoe Mines Ltd (TSX: IVN) (OTCQX: IVPAF), and Roxgold (TSX: ROXG) (OTCQX: ROGFF).


Graycliff Exploration Has Some of the Highest Insider Ownership in the Business


Graycliff Exploration Ltd. (CSE:GRAY) (FSE:GE0) has a share structure that is about as tight as a mining company can be. More than 60 percent of the Company’s shares are owned by management and strategic investors, and the Company has approximately just 15M shares outstanding. This is nearly unheard of in the junior mining industry, where 10 percent insider ownership is typically considered a tight share structure. Graycliff ownership has more skin in the game than nearly any other junior mining company, a clear indication that the group behind this Company believes strongly in the potential of their assets and projects. It’s also proof that the Graycliff management legitimately believes their stock is currently undervalued.


Graycliff Exploration’s Shakespeare Project is what has the Company’s management so confident in its future. Located about 80 kilometers west of Sudbury, Ontario, within the prolific Canadian Shield geological region, the site of the Shakespeare Project has been well-known for its mineral potential for over a century, but economic factors have kept Shakespeare closed since 1907. The mine produced 2,959 oz of gold between 1903 and 1907.


Graycliff is conducting exploration on the property under some of the best gold market conditions in years. The Company commenced its exploration program on September 28 with a program that will include 2,000 meters of drilling.


On September 25, Graycliff Exploration announced that the Company had completed a non-brokered private placement for gross proceeds of $530,000. The investment comes primarily from one strategic investor. Graycliff intends to use the financing primarily for exploration at the Shakespeare Project.


Insider Buying Across the Mining Industry


On March 30, Yamana Gold’s (NYSE:AUY) (TSX:YRI) Senior Officer and Director Peter Marrone acquired 75,000 Common Shares in Yamana on a direct ownership basis for a price of $3.92 per share for a total investment of $293,992. Marrone now holds 3.7 percent of the company. Yamana Gold holds gold exploration and production projects throughout the Americas, including producing mines in Canada, Chile, Argentina, and Brazil.


In February, private investment company GRM Investments added approximately 4.5 million shares in Canadian-based mining company Capstone Mining Corp. (TSX:CS) (OTC:CSFFF) to its position, bringing its ownership in the company to 86.75M shares, equating to 21.7 percent. Although this purchase was from an institutional investor, it was an increase of an already significant position, which means it was almost certainly made based on information from the company’s management. Capstone is currently undergoing development on three properties in Arizona, Mexico, and Chile.


Ivanhoe Mines Ltd (TSX:IVN) (OTC:IVPAF) Founder, Executive Co-Chairman, and Non-Independent Director Robert Friedland increased his holding in the company on June 11 by 63,900 shares, bringing his total to 25.755 million shares, or 13.4 percent of the company. Ivanhoe Mines holds major stakes in three projects in the Democratic Republic of Congo, including the company’s wholly-owned Western Foreland project, as well as a 60 percent stake in the Platreef project in South Africa.


John Lewis Knowles, director of Roxgold (TSX:ROXG) (OTC:ROGFF), purchased 50,000 shares on June 12 at C$1.28 per share, bringing his total holding to 390,000. Roxgold expects to produce between 120,000 and 130,000 ounces of gold by the end of the year. Roxgold holds several assets throughout West Africa, including the company’s flagship Yaramoko Mine Complex in the Houndé greenstone belt region in southwestern Burkina Faso’s Balé province.


These are big days in the gold and silver markets, and mining company management teams know it. Taking a look at the moves made by mining insiders can provide solid clues as to which companies are primed to benefit from the market’s momentum. The management teams of companies like Graycliff Exploration are sending those signals now.


For more information about Graycliff Exploration Ltd., click here.


Disclaimer: (MSC) is the source of the Article and content set forth above. MSC owns and operates  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.


The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Greenlane Renewables Inc.




This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.


Media Contact:

FN Media Group, LLC