Major gold miners’ strong fundamentals certainly don’t justify this past month’s gold-stock selloff. So this battered sector is due to soon rally hard.
I see some usually/always bullish traders stepping up to buy gold stocks. I would not be so sure that the support associated with that March low will hold.
CEO Ganoza: “The first gold pour and sale at Séguéla is an exciting milestone...as our new flagship asset enters into production and adds stable, high margin ounces to our portfolio."
Recent drilling of Zone 55 at the Yaramoko Mine has identified high grade mineralization extending at least 130 meters beyond the current resource envelope to the west.
Fortitude Gold Corp. declares its monthly dividend of $0.04 per common share payable on August 31, 2023 to shareholders of record as of August 21, 2023.
The relatively shallow bonanza-type grades reported at Palos Verdes suggest potential for additional high-grade mineralization at depth in veins of the northeast part of Panuco district.
Fortitude Gold's Q2 results reporting includes $19.2 million net sales, $3.6 million net income, or $0.15 per share, and a $46.9 million cash balance at quarter end.
Prismo announces the drill rig for its exploration program has mobilized to its Los Pavitos project located in the well mineralized Alamos region of southern Sonora State, Mexico.
The bottom line is gold and its miners’ stocks are reentering their strong season. That starts with nice autumn rallies mostly in August and September, normally fueled by seasonal Asian gold demand.
