Companies started to report Q1 production results in what was otherwise a quiet week. Gold and silver prices saw nice rebounds, but it is unlikely we have resumed the uptrend.
But over the last five weeks or so, gold stocks have powered higher again in another young upleg. This one has a far-stronger foundation given the underlying gold setup.
“Drilling over 20 meters of 3.60 grams per tonne gold less than one meter below the surface underscores Golden Mile’s potential to become an open-pit mine,” stated Mr. Jason Reid, President and CEO of Fortitude Gold.
“Dividends reward Fortitude Gold shareholders through monthly cash distributions and takes an initial step towards a new metric for the market to value the Company based on dividend yield.”
It was a quiet, holiday-shortened week with little news flow. The metals got hammered early in the week, with gold and silver looking like they were going to break down.....
Not only is the 2021 drill program confirming the continuity of mineralization in the Ounce Hill and Bacchus areas of the Eagle Mountain deposit, but it is also delivering several enhancements.
With the largest Mineral Reserve base in the last 10 years, and the highest reserve grade on record, we have increased confidence in our ability to generate strong cash flow providing a platform to fund organic growth .
It is worth reiterating that this could be the last great buying opportunity, but only time will tell. Companies covered: $EQX, $GLDX, $GRSL, $MTA, $MMX, $NFG, $OSK, $ROXG, $SLVR, $TXG, $VGCX, $WM, $WDO, $WPM
