Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant, is the primary reason.
In addition to delineating a 1.5-kilometre trend of near-surface gold mineralization, the discovery of a high-grade core zone which remains open at depth presents an opportunity to deliver another source of low-cost, high-margin mill feed..
The GDX top 25 modestly grew their gold production overall, even though some larger majors struggled. While costs still rose on inflationary pressures, they stayed far below prevailing gold prices making for hefty profits.