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..
The summer doldrums are in full force, with material news flow lagging relative to other parts of the year. $BTR, $KOR, $DSV, $EQX, $GBR, $KGC, $LAB, $MGM, $MAI, $NFG, $ODV, $SVM, $VZLA
Gold & silver smashed for no fundamental reason, resulting in a blood bath for gold stocks. It is completely unfounded as the Fed remains extremely accommodative with inflation weighing on consumers.
