Plenty of mid-tier gold miners are forecasting rising output and lower costs as 2023 marches on. That combined with higher prevailing gold prices should really boost earnings. So fundamentals continue to point to much-higher stock prices ahead.
Séguéla now enters into the ramp-up phase where management plans to achieve nominal rate of production during the third quarter. Séguéla will be a cornerstone asset in Fortuna’s portfolio for years to come..."
The bottom line is the major gold miners are still faring fine operationally despite mixed quarterly results. Their collective production stayed stable even against the relentless depletion larger gold miners struggle with.