We wanted to come out with an updated resource during H1 of 2024, but as we were finishing up the drilling we accidentally hit nearly 50-meters of 6.7 grams of gold equivalent, nearly 110-meters from the closest mineralized hole.
That overdue sentiment shift should catapult fundamentally-superior smaller gold miners’ stocks wildly higher. We are talking doublings, triplings, or even more.
The La Plata project already hosts over a 1.2 billion pounds of copper and 17.6M ozs of Silver. Greg also discusses the depressed state of Venture stocks, which are trading at a fraction of what they were when gold was $1,900 a decade+ ago.
Kuya Silver just sold its first concentrate in the past weeks. The next big milestone is to be producing at a run-rate of 350 tons/day by Q3 of next year -- close to 1.5M Silver equiv. ozs/year.
Western Alaska boasts a current resource of 75 Million ounces of high-grade Silver equivalent ounces (inferred at 980 g/t Ag/Eq) at its Waterpump Creek discovery, a potential future high-margin underground silver mine.
What makes this such a low-cost potential mine? The operating costs for Mawson in Finland are about ½ the cost we see in Canada. Power to labor is substantially less along with the efficiency of the project.
Collectively, Kootenay Silver holds over 1/4 billion ounces of silver resources (measured and indicated plus inferred) from their other projects, plus what will be added from the Columba project.
AbraSilver's Diablillos project is uniquely positioned to become a leading gold and silver producer in the future. It is a large-scale project already, over 250 million Silver equivalent ounces and growing with additional discoveries. AbraSilver is looking to have the project ready for a construction decision in 2026...
Capturing the rising gold and silver prices is a result of keeping costs under control. Fortuna is focused on high value opportunities which can impact our production plans in the short term. How will the gold mining consolidate when...
