Barde Consulting

@DonDurrett @HenkvdBergh2 Gold/silver mining is already risky enough. My approach after 45 years in geology/mining: core quality producers a few asymmetric developers/explorers 💵 cash for corrections Not 50 lottery tickets. Survive the cycle first… then let compounding and a few winners do the work.

In a gold/silver bull market, you can find 50 home runs (10+ baggers). 😉 Most will use Stanley's approach, load up on a few, and try to pick winners. The difference is that Stanley is looking for great companies that have an edge. There are no great gold miners. There is no best of breed that makes you rich. Trying to pick winners in gold/silver miners is no different than gambling. You need to get lucky. That's not an edge. 😉

@RickRuleRulz Canada + Australia still dominate investable quality Not always the biggest producers, but probably the best combination of: geology financing engineering ESG liquidity takeover potential That is where many PP opportunities likely remain concentrated.

The World’s Biggest #Gold Producers.

⛏️ May is Mining Month in BC 🇨🇦 Permits are finally moving again after years of delays. Projects advancing: • Highland Valley Copper • Eskay Creek • Red Chris Underground • Mount Milligan • KSM BC still has world-class Cu-Au geology — but today mines also need ESG, permits.

@SilverPinch Good point Laura. Jurisdiction matters first. But as my friend John in Nevada noted, TSF exposure, water management, and long-term reclamation risks still matter — even in Tier 1 jurisdictions. ESG is becoming part of valuation, not just geography.

@bwbarde I would put that under Jurisdiction, since miners need the local social license to get things done, and environment laws are set at state/federal level. I'm not investing in Africa. I think for the Americas, Australia and Europe ESG is taken care of by default, wouldn't you say?

Most drill results still read like hieroglyphics. The real edge is not more data. It is having a Rosetta Stone: ⛏️ geology 📊 capital markets 👥 people 🏗️ project reality 🌱 ESG & social license (ESL) That’s what the Prospector Pack is building.

@SilverPinch Great Laura, I would also add an E for ESG:)

@bwbarde My 5 pillars for evaluating an exolore co.: Project, People, Financials, Jurisdiction, Share Stucture. I call it PPFJSS 😂

@num8ersguy @Highlandcontact Interesting PP angle: biggest movers on this list are not random — they cluster around strong people + real deposits. Biggest YTD: $FDY +109%, $LUNR +82%, $FWZ +60%, $HSLV +54%, $CGNT +48%. That’s exactly why we track people, geology, and signals together.

It's time for a Mining Billionaires Watchlist update. Tracked the 2026 YTD and 12 month performance of stocks owned by some of the biggest names in mining. As they say… the rich get richer. 👀

@DonDurrett Interesting how many of the world’s Top 30 gold mines we already covered: Detour, Canadian Malartic, Kibali, Fekola, Fruta del Norte, Côté Gold, Pueblo Viejo, Oyu Tolgoi and more. Big ounces usually come from the same formula: strong geology, long reserve life, infrastructure.

Large gold mines are rare. 🧐

@DonDurrett Hecla ($HL) and First Majestic ($AG) were my two winners today as well. Nice to see silver names finally getting real momentum again while many investors still focus only on gold majors. Today’s move: • Hecla ($HL): +11.1% today | about -3% YTD • First Majestic ($AG): +7.9% tod

My winners today. Early winners are likely going to be the big winners.

@DonDurrett Strong framework. After 40 years in mining and markets, I’ve learned geology matters, but position sizing and discipline matter just as much. Most fortunes are lost chasing stories — and built buying quality during corrections.

Someone posted this on the GSD forum. 😂 Don Durrett's Ten Commandments of gold/silver mining investing. I) Thou shalt avoid exploration stocks, or keep thy allocation low. II) Thou shalt not fix thy gaze upon the next twelve months. III) Thou shalt own quality with mighty alpha, for the finest are the producers. IV) Thou shalt allocate according to risk; the greater the risk, the smaller the portion. V) Thou shalt remain diversified, and shalt not over-allocate. VI) Thou shalt not seek to pick winners, for no mortal knoweth them with certainty. VII) Thou shalt not under-allocate to thy highest convictions. VIII) Thou shalt prepare for the dips, and buy them without fear. IX) Thou shalt not sell thy winners too early; let them ride and prosper. X) Thou shalt not chase the market, for thy fortune is made when thou buyest, not when thou sellest.

BC mining is becoming a full ecosys: Kamloops geology + Vancouver capital + Victoria tech/AI + global critical minerals demand. That’s where my Prospector Pack & legacy work fit: combining 40 years geology, structured data, AI tools and disciplined mining investing. #BCMining

Gold at $6,000 sounds great. But higher gold prices don’t fix bad geology, weak metallurgy, or runaway capex. After 40 years in mining, the best developers are still the ones that can actually be BUILT through inflation, cycles, and corrections. #gold #mining

Most mining investors follow narratives. Few actually filter. After 40+ years in mining, my first-pass screen comes down to 5 signals: • Jurisdiction • Balance sheet • Stage clarity • Dilution risk • Geology first If 2 fail in 15 minutes, I stop. #Mining #Gold #Copper

AI will not replace geologists. But geologists using AI may replace those ignoring it. Mining faces an aging workforce, fewer young geos, and rising demand for copper, gold, uranium & rare earths. AI can speed targeting. Human judgment still matters. #Mining #AI #Geology

@TheDailyGold Good call Jordan, slower summer as usual. Thanks

1) Gold Post-Major Breakout Correction Analog Gold’s current correction is mirroring the post-breakout patterns from 1973 and 2006. The first peak (Jan 2026) aligns with those peaks, and both the initial low and recent rollover are tracking somewhat closely in time and price. If the analog continues to hold, this points to a bottom in mid to late June.

Tuesday 🧵 Gold & Silver Correction Update The bounce is over—next leg lower underway. How low? When does it bottom? What signals matter most? Let’s dive in.

Geology → Signals → Decisions ⛏️ I’m building a working system (Notion + AI) to cut through mining noise: projects, companies, people… filtered by what actually gets built. Less data. More clarity. Would this help your workflow? #Mining #Gold #Exploration #AI #Investing

Mining truth: Only ~25% of projects matter. The rest? Permitting delays Capex blowouts Dilution Winners are simple: 👉 Good geology 👉 Simple metallurgy 👉 Right country Focus on what gets built.

I don’t track 10–15 projects. I track ~200. But I invest in 10–15. 👉 200 = ideas 👉 50 = compare 👉 10–15 = capital Most lose by following too many names. The edge = filtering what actually gets built. #gold #copper #silver #mining

@DonDurrett Thanks Don, was on my watch list: Rupert (RUP) – 🟣 Ikkari, Finland EV/oz: ~$50 | ~4Moz | Orogenic Au, DFS underway 🔗

Agnico Eagle: Acquired a mining district in Finland. Paid $2B for Rupert Resources, paying $400 per oz for 5M ozs. Paid $350M in cash for Aurion Resources. Paid $325M in cash to B2Gold for their Finland properties. Let the big dog eat! juniorminingnetwork.com/junior-miner-n…

Geology + AI wins. AI alone doesn’t. Speed without understanding = faster mistakes. 👉 GeoSentry: target screening 👉 Prospector Pack: capital reality From anomaly to investment — that’s the game. #GeoAI #Mining #Exploration