Gold stocks are the best sector in the market (by far) right now. With the US government doing a bitcoin reserve, we're nibbling at a couple of hot plays there too, but the big show is all about the gold and silver mining stocks.
The major gold miners dominating GDX just reported their best quarter ever by far! Fast-rising record gold prices easily overpowered higher mining costs, fueling this sector’s richest-and-fattest implied unit profits in history.
SVP Weedon says, “At the Sunbird deposit, deep exploration drilling testing the southern extent has continued to return excellent results, including 4.3 g/t Au over a true width of 23.1 meters from 733 meters in drill hole..."
Consolidated Inferred Mineral Resources are reported containing 2.2 M gold equivalent ounces (GEOs) representing a year-over-year increase of 29 percent.
Gold equivalent production of 116,358 ounces in Q4; record gold equivalent production of 455,958 ounces 3 in 2024, meeting the low end of annual guidance.
CEO Reid: "2024 was another successful year of low-cost gold production, solid financial results, significant exploration investment, and strong shareholder cash dividends totaling $11.6 million dollars..."
CEO Ganoza: “It is with a heavy heart that I address this tragic accident. Our deepest sympathies are with the family, friends, and colleagues of the deceased.”
