Olive Resource has investments at $8.82M as of July 31

Executive Summary

• Olive Resource Capital Inc. reported its investment performance for the period ending July 31, 2025, noting a 3% increase in asset value for the month and a 37% year-to-date gain.
• The company highlighted strong performance in specific holdings, particularly Omai Gold Mines, which rose over 240% year-to-date.
• Management noted that despite a rebound in the U.S. dollar (typically negative for commodities), gold and oil advanced in July, while copper declined sharply due to tariff-related price dislocations.

Key Details

• Portfolio Performance:
  • Monthly increase in asset value: 3% (for July 2025).
  • Year-to-date (YTD) portfolio increase: 37%.
  • Specific holding performance: Omai Gold Mines up over 240% YTD.
• Market Context:
  • U.S. dollar rebounded after six months of consecutive declines.
  • Gold and oil advanced in July.
  • Copper declined sharply due to tariff announcements causing short-term price dislocations.
• Strategic Outlook:
  • Management is investing cautiously during the summer seasonal period.
  • Focus remains on fewer, higher-conviction investments.
  • Anticipation of a typically weak fall period for the sector.
• Corporate Data:
  • Common shares outstanding: 106,144,709.

Notable Quotes

• Samuel Pelaez (President, CEO, CIO, Director): "In July, the U.S.-dollar rebounded following six months of consecutive declines. This set-up, which is traditionally negative for the commodity complex, this time did not result in weakness in the sector. For the month, gold and oil advanced, with related equities also advancing. Copper was the outlier, declining sharply as affected by tariff announcements that created short-term price dislocations. With the strong seasonal period for commodities between January and May behind us, at Olive, we are now looking at opportunities more cautiously during the summer. The fall period is typically seasonally weak for the sector, and we are currently investing with that horizon in mind."
• Derek Macpherson (Executive Chairman): "Olive's strong investment performance in 2025 continued in July, with the value of our assets increasing another 3 per cent, putting the portfolio up 37 per cent year to date. Our focus, on fewer higher-conviction investments, like Omai Gold Mines, up over 240 per cent year to date, continues to drive this strong performance."