Newmont Mining NEM just reported their highest profits in history at $3.1 billion in free cash flow for Q1 2026. The way to play this is not buying Newmont, but rather to focus on the smaller to medium sized companies that are building the next huge mine ... which Newmont (or the other majors) will want to acquire. Two big purchases happened this month at huge premiums of 67% and 79%. Rupert Resources was acquired at a 67% premium by Agnico Eagle. G Mining acquired G2 Goldfields at a 79% premium. One huge future acquisition will likely be a major mining company buying Aya Gold & Silver (ticker AYASF) for their Boumadine mine. Boumadine will be a tier 1 scale massive gold and silver mine. Boumadine is already estimated at 400,000 gold equivalent oz per year, and that doesn't yet include their drilling results from 2025 and 2026. Aya has 12 rigs drilling for their next PEA update and the feasibility plan. The next upgrade in resources will likely increase the scale of Boumadine to 500,000 to 700,000 oz of AuEq per year. Boumadine is 61% gold, 21% silver and 18% other metals. The majors need to have these huge new mines to maintain their production levels. Buying a 100,000 oz per year gold deposit doesn't move the needle for a major like Newmont or Barrick or the other big miners. They need the 500,000 oz per year projects. Aya has that with Boumadine.(Wall Street Mav)