Global equity markets were down 2.3% last week (up 1.5% in the prior week) amid several negative events – a) rising new cases of Omicron in Europe, and the Delta variant in the U.S.

 

Valuations of gold producers were up 3% WoW; base metal producers were down 1%.

 

Companies operating in the crypto space are trading at an average EV/R of 10.6x (previously 11.3x).

 

New York announced plans to move up the scheduled timeline for adult-use cannabis sales. Sales could now start by late 2022, rather than 2023 as was previously expected.

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Companies Mentioned:

Kootenay Silver Inc.,  Sabre Gold Mines Corp., Lithium Chile Inc., Tudor Gold Corp., Black Mountain Gold USA Corp., Interra Copper Corp., East Africa Metals Inc., Avrupa Minerals Ltd., Falcon Gold Corp., GCM Mining Corp., Gold Springs Resource Corp., New Age Metals Inc., Sirios Resources Inc., Banxa Holdings Inc. ,Voyager Digital Ltd. Eqonex Limited