Mid-tier gold miners continued reporting spectacular quarterly results. They kept growing their production when adjusted for one GDXJ-upper-ranks composition change.
CEO Reid: "Our East Camp North area continues to deliver exciting and impressive gold grades and interval widths including over thirty meters, or one hundred feet, of 1.2 grams per tonne gold."
Despite fantastic fundamentals, major gold stocks remain seriously undervalued relative to their metal. Traders initially ignored gold’s remarkable breakout surge, but they are starting to pay attention, rekindling gold-stock outperformance.
Still-undervalued gold stocks will thrive, soaring in a massive mean reversion as gold’s powerful upleg grows. Investors need to diversify into gold stocks.
CEO Ganoza: "Our operations performed in line with expectations for the first quarter with 112,543 of gold equivalent production, $84.3 million in cash from operations before working capital changes and earnings per share of $0.09."
Fortitude Gold reports Q1 2024 results: $8.2 million net sales, $3.6 million in exploration expense, $2.9 million cash dividends to shareholders, $4.2 million mine gross profit, and a cash balance on March 31, 2024 of $41.9 million.
