While costs still rose on inflationary pressures, they remained far below prevailing gold prices which made for excellent profits. And these will grow amplifying gold’s gains..
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..
Earnings season was in full swing this week but it is more or less over with. The metals confirmed their break out from last week with strong-follow through, and are set to move higher..
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.
$HUI -- This week has seen a takeout of the pattern’s neckline and the 200 day moving average. The bull pattern on the daily chart above could rally all the way to its measured target at 305
