The bottom line is gold stocks are coiling again in the wake of that hawkish-Fed-dots scare. While that unjustified gold-futures purge slammed the miners, their technicals and fundamentals remain strong.
Third party metallurgical test work at Golden Mile, including 60-day column leach tests, have returned up to 85% gold recovery. These positive gold recovery results confirm the Golden Mile mineralization is amenable to heap leach processing.
Given the excellent progress in the last 5 months, I expect permit applications to commence, and updated mineral resource estimates for Guapinol/Vancouver and Riscos De Oro to be completed during Q1, 2022.
Fortitude Gold Corp. (OTCQB: FTCO) (the “Company”) today announced it has increased its monthly dividend 16.7% to $0.035 per common share, or $0.42 annually.
It was another quiet week for both the metals (which continue to trade in a range) and mining stocks (which remain extremely depressed relative to their cash flow generation). This isn't surprising as the volumes die down during..
