M&A exercise is heating up within the gold house, and Canada’s Yukon is one space that is seeing consideration.

After turning down a proposal from Victoria Gold (TSX:VGCX,OTC Pink:VITFF), explorer ATAC Sources (TSXV:ATC,OTCQB:ATADF) signed a non-binding letter of intent to be acquired by Hecla Mining Firm (NYSE:HL).

Introduced in February, the letter of intent has since been prolonged to permit for extra due diligence.

Talking to the Investing Information Community on the Prospectors & Builders Affiliation of Canada (PDAC) conference, Thom Calandra of the Calandra Report mentioned he thinks there might nonetheless be competing bids for ATAC.

“I believe we’ll see one other bid for ATAC, however I have been shopping for Snowline Gold (CSE:SGD,OTCQB:SNWGF), which is one other firm that made an enormous splash solely six months in the past (within the) identical space — it is within the Tintina gold belt, Northern Yukon,” he mentioned, noting that he sees Snowline as undervalued. “I believe we’ll see somebody ultimately purchase Snowline Gold, simply as we noticed Nice Bear get purchased.”

Calandra additionally talked about Banyan Gold (TSXV:BYN,OTCQB:BYAGF), which he known as a sister firm to Victoria Gold. “That is a pure exploration (play), and it has been terrific for me over the previous 5, possibly six years,” he mentioned.

Except for gold, Calandra mentioned silver is affordable, and has loads of upside with the proper explorer. He additionally stays taken with platinum, and mentioned traders can get publicity by way of the abrdn Bodily Platinum Shares ETF (ARCA:PPLT).

He feels cautious about lithium proper now, and urged that these taken with transition minerals take a look at copper.

Watch the interview above for extra of Calandra’s ideas on the useful resource sector, together with his recommendation on vetting sources of data. You may as well click on right here for the Investing Information Community’s full PDAC playlist on YouTube.

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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: Snowline Gold is a consumer of the Investing Information Community. This text will not be paid-for content material.

The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t mirror the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.