Filo Mining (FIL) in Old West Investment Management Q1 2024

High-Grade Copper-Gold-Silver Discovery in South America

Apr 15, 2025

Summary

Massive high-grade copper-gold-silver deposit discovery.
Potential joint venture opportunities with major players like BHP.
Risks include exploration challenges and market volatility.
Continued resource delineation with additional drilling.
Future outlook bolstered by strategic partnerships and resource expansion.

Filo Mining (FIL, Financial) was prominently featured in Old West Investment Management's 1st-Quarter Investor Letter 2024 Q1 for its significant high-grade copper-gold-silver deposit discovery in South America. The company continues to delineate this massive resource with ongoing drilling efforts, capturing investor interest with potential joint venture opportunities, particularly with BHP, which has already acquired a 6% stake.

"In our Q3 2022 letter, we highlighted our investment in Filo, which discovered a massive high-grade copper-gold-silver deposit. The company continues to delineate the resource with additional drilling but has yet to discover the boundary of the deposit which is already approaching 6 cubic kilometers of mineralization." — Old West Investment Management, Q1 2024 Fund Letter

Read full letter at gurufocus Old West Investment Management's 1st-Quarter Investor Letter 2024 Q1 page.

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