Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul>
<li>Following a big breakout in March, gold pressed on hitting new all-time highs, however, lost steam and fell towards the end of the month up just 2% in April.</li>
<li>Silver outperformed gold, being up 5% on the month.</li>
<li>Copper held its big gains from early in the month, up 13% to $4.6/lb.</li>
</ul>


Following a big breakout in March, gold pressed on hitting new all-time highs, however, lost steam and fell towards the end of the month up just 2% in April.
Silver outperformed gold, being up 5% on the month.
Copper held its big gains from early in the month, up 13% to $4.6/lb.


Orezone Gold Corp - Mining Monthly: April Edition

<ul>
<li>Omai announced its initial PEA on the Wenot Open Pit, reporting a highly profitable, low capex project, with substantial upside.</li>
<li>The PEA reported a low AISC of US$1,009/oz, IRR of 19.8%, and an after-tax NPV5% of US$556M (at US$1,950/oz Au).</li>
<li>The average annual production is expected to be 142Koz over a 13-year mine life, mining an average grade of 1.51 g/t Au at 92.5% recovery.</li>
</ul>


Omai announced its initial PEA on the Wenot Open Pit, reporting a highly profitable, low capex project, with substantial upside.
The PEA reported a low AISC of US$1,009/oz, IRR of 19.8%, and an after-tax NPV5% of US$556M (at US$1,950/oz Au).
The average annual production is expected to be 142Koz over a 13-year mine life, mining an average grade of 1.51 g/t Au at 92.5% recovery.


OMG: Highly Economic PEA on the Wenot Open Pit

Thematic (Sector/Industry)

<ul>
<li>Following a long period of consolidation, gold broke out in March, hitting record highs, and continuing to push higher as we enter April.</li>
<li>Silver and copper also had strong months up 10% and 4%, respectively.</li>
<li>More notably, we are finally seeing the equities outperform their underlying metal price with the GDX, SIL, and COPX up 22.7%, 21.1% and 19.4%, respectively, significantly outperforming broader markets.</li>
</ul>


Following a long period of consolidation, gold broke out in March, hitting record highs, and continuing to push higher as we enter April.
Silver and copper also had strong months up 10% and 4%, respectively.
More notably, we are finally seeing the equities outperform their underlying metal price with the GDX, SIL, and COPX up 22.7%, 21.1% and 19.4%, respectively, significantly outperforming broader markets.


<ul>
<li>Omai announced a substantial MRE, increasing its Wenot indicated and inferred resources by 10% and 45% respectively.</li>
<li>Resource grades also increased significantly (10% indicated, 16% inferred).</li>
<li>Today’s Resource Update highlights the Company’s ability to cost- effectively increase the resource while producing what we believe should be a much more economical open-pit resource (578 Koz Au was added to the open-pit resource in this update) </li>
</ul>


Omai announced a substantial MRE, increasing its Wenot indicated and inferred resources by 10% and 45% respectively.
Resource grades also increased significantly (10% indicated, 16% inferred).
Today’s Resource Update highlights the Company’s ability to cost- effectively increase the resource while producing what we believe should be a much more economical open-pit resource (578 Koz Au was added to the open-pit resource in this update) 


OMG: Substantial Resource Update; Advancing to PEA

<ul>
<li>Gold held flat in January following a big monthly gain of 13% and reaching all-time highs in December, while mining equities lagged.</li>
<li>Besides gold, other precious metals, commodities, and battery metals had a mixed month, while uranium’s strong performance accelerated, up 16% in January and hitting its highest price in more than 16 years.</li>
<li>We attended a busy Vancouver Resource Investment Conference in January.</li>
</ul>


Gold held flat in January following a big monthly gain of 13% and reaching all-time highs in December, while mining equities lagged.
Besides gold, other precious metals, commodities, and battery metals had a mixed month, while uranium’s strong performance accelerated, up 16% in January and hitting its highest price in more than 16 years.
We attended a busy Vancouver Resource Investment Conference in January.


Canada

Omai Gold Mines Corp. operates as an exploration and development company. The Company focuses on gold properties. Omai Gold Mines serves customers worldwide.

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Omai Gold Mines (OMG CN)

Orezone Gold Corp - Mining Monthly: April Edition

Following a big breakout in March, gold pressed on hitting new all-time highs, however, lost steam and fell towards the end of the month up just 2%...

Atrium Research

OMG: Highly Economic PEA on the Wenot Open Pit

The average annual production is expected to be 142Koz over a 13-year mine life, mining an average grade of 1.51 g/t Au at 92.5% recovery.

Atrium Research

Mining Monthly: March Edition

Following a long period of consolidation, gold broke out in March, hitting record highs, and continuing to push higher as we enter April.

Atrium Research

OMG: Substantial Resource Update; Advancing to PEA

Omai announced a substantial MRE, increasing its Wenot indicated and inferred resources by 10% and 45% respectively.Resource grades also increased...

Atrium Research

Mining Monthly: January Edition

Gold held flat in January following a big monthly gain of 13% and reaching all-time highs in December, while mining equities lagged.

Atrium Research

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