Exit Case: Barrick Mining Corporation (TSX: ABX)

Overview: Barrick Gold Corporation (TSX: ABX) is a leading international mining company engaged in the production and sale of gold and copper, along with related exploration and development activities. The company operates a diverse portfolio of high-quality mines and projects across key mining regions worldwide. ABX has been a part of the 'Momentum Model Portfolio' since May 30, 2025. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 29.14 as on June 17, 2025.

ABXs Daily Chart

New Entry Case: Endeavour Silver Corp (TSX: EDR)

Overview: Endeavour Silver Corp (TSX: EDR) is a Canadian mineral company focused on the evaluation, acquisition, exploration, development, and operation of precious metal properties in Mexico and Chile. The company operates three producing silver-gold mines in Mexico: the Guanaceví Mine in Durango, the Bolañitos Mine in Guanajuato, and the El Compas Mine in Zacatecas. In addition, Endeavour Silver holds three exploration projects in northern Chile: the Aida Project, the Paloma Project, and the Cerro Marquez Project.

Technical Analysis: On the daily chart, EDR's  price is holding above a key descending trendline support zone, indicating the potential for a near-term upward move. The 14-period Relative Strength Index (RSI) is currently at approximately 71.39, reflecting strong bullish momentum and heightened buying interest. Additionally, the price remains above the 21-period Simple Moving Average (SMA), a trend-following indicator that supports the ongoing positive bias. This alignment of technical indicators suggests that upside potential remains intact, provided the stock sustains above current support levels.

EDR is recommended as a new entry in the 'Momentum Model Portfolio' as on June 18, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of CAD 6.77 as on June 17, 2025.

EDR’s Daily Chart

Support and Resistance Summary (As on June 17, 2025)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of June 17, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.