The bottom line is battered gold stocks are literally trading at panic levels today! They haven’t been lower or more oversold since March 2020’s pandemic-lockdown stock panic, after which they violently mean reverted massively higher.
Three main targets are being tested. The primary objectives of the 2022 core drilling program are to better define the open pit, heap leach gold potential of the porphyry oxide cap..
Goldman reiterated its “buy” rating on Sibanye Stillwater. The bank sees appealing valuation coupled with strategic focus on acquiring green metal assets in developed markets and unique exposure to gold.
It has been a very rough time for precious metals. In recent months they have endured another terrible selloff that feels like a combination of 2013 and 2008. However, think about how they "looked" technically before major bottoms...
Better output along with Q2’s higher average gold prices fueled good revenues growth. And that helped bottom-line accounting earnings surge nicely despite higher costs.
