goldstocks
Horizon Minerals (ASX:HRZ) announced it will proceed with the development of its Boorara gold project. In a press release on Monday (July 29), the company said its board has approved a final investment decision for the asset. According to Horizon, Boorara is fully permitted, with all statutory approvals in place. Located in Western Australia, Boorara is 10 kilometres east of the Super Pit gold mine, one of the country's largest open-pit gold mines. Boorara previously underwent a trial-mining period in 2016. According to Horizon, the property's independent ore reserve estimate stands at 1.24 mi...
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Speaking to the Investing News Network at the Rule Symposium, Jeff Clark, editor of Paydirt Prospector, shared his updated thoughts on the gold price and the junior mining sector. "I am bound and determined to make money in this environment," he said. "I've been through cycles before in this industry — I've lost money and I've made money, and this time around I'm going to maximize whatever I can do to make as much as I possibly can and participate in a wealth cycle, if you want to call it that." He believes that the release of major gold miners' second quarter results could bring generalist in...
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Integra Resources (TSXV:ITR,NYSEAMERICAN:ITRG) and Florida Canyon Gold (TSXV:FCGV,OTC Pink:FCGVF) announced plans to merge, saying they want to create a leading gold and silver producer in the US' Great Basin. The agreement involves Integra acquiring all of Florida Canyon's outstanding shares. In return, Florida Canyon shareholders will receive 0.467 of an Integra share for each Florida Canyon share held. According to the companies, this exchange ratio values Florida Canyon shares at C$0.69 each, totaling approximately C$95 million. The transaction was announced on Monday (July 29), and is exp...
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Gold and critical minerals exploration company Nova Minerals (ASX:NVA,NASDAQ:NVA,NASDAQ:NVAWW) announced the closing of its underwritten NASDAQ initial public offering (IPO) of 475,000 units on July 26. “A US listing has been our goal for a long time as the logical next step with our flagship Estelle Gold Project being a North American asset and an increasing US investor base,” Nova Minerals CEO Christopher Gerteisen said. “Now it’s a reality, and we believe this can be a catalyst to create further shareholder value through increased exposure and liquidity available in the US market.” Each uni...
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A recent report by the World Gold Council (WGC) noted that US gold bar and coin demand has been higher on average during Democratic presidencies. The data, which draws from the last 37 years, shows that monthly demand in the first year following a Democratic win averages 79,000 ounces of gold, while the average following a Republican win is 32,500 gold ounces. The WGC report suggests that retail investors' demand for gold bars and coins is partly driven by their perceptions of economic policies when a Democrat is in office. These views include the likelihood of administrations to implement pol...
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Quimbaya Gold (CSE:QIM,OTCQB:QIMGF)has begun exploration work and is now gearing up for a 3,000 meter drilling program at its newly acquired property in Segovia, Colombia, according to Alexandre Boivin, the company’s president and CEO. The 2,000 hectare mining property, prospective for gold and silver, is near Aris Mining’s (TSX:ARIS,NYSEAMERICAN:ARMN) Segovia operations in Antioquia, Colombia. The region is well known for its high-grade gold veins, making the acquisition highly significant for Quimbaya’s growth trajectory. “The goal in mining and exploration, like a company like Quimbaya, is ...
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Speaking to the Investing News Network, Kerry Stevenson, host of Making Money Matter, explained why she sold all but three stocks in her portfolio late last year, and what she's doing with her money now. "I actually cashed in the whole portfolio aside from one coal stock ... and two gold stocks," she said on the sidelines of the Rule Symposium. "I've been sitting in cash up until about two and a half weeks ago, when I've come back in with quite big licks on four stocks, and I've still got some cash where I'm looking at some of the small caps." One gold stock Stevenson is "very happy" with is S...
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The gold price has reached historic highs in 2024, rising well above US$2,400 per ounce. For Australian investors, the price of the yellow metal has surged above the AU$3,700 mark in the past few months. These gains have come as investors anticipate interest rate cuts and against a backdrop of geopolitical turmoil. Gold has also been buoyed by central bank buying, with China, India and Turkey leading the way in the first half of 2024. For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective opt...
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Speaking on the sidelines of the Rule Symposium, Brent Cook, founder of Exploration Insights, shared his thoughts on the resource sector, saying he remains most keen on companies making discoveries. "I think we're going to see more discoveries. There is money going into the sector, and there's good people, smart people getting money. So it's going to get better for the discovery stage," he said. From a jurisdiction standpoint, he's interested in Argentina, as well as Australia and Canada's Yukon. Cook mentioned that Joe Mazumdar, editor of Exploration Insights, has recently visited AbraSilver ...
Investing News Network
Speaking to the Investing News Network, Joe Mazumdar, editor of Exploration Insights, explained how he's getting low-risk exposure to the gold sector as the metal's price continues to move. Given that inflation remains an issue for miners, he's focusing on small gold royalty companies. "That's what I've been trying to do to invest in a rising gold price and some growth, but without the creep of costs," he said. Mazumdar also discussed two recent site visits, one of which was to see AbraSilver Resource's (TSXV:ABRA,OTCQX:ABBRF) Diablillos silver-gold project in Argentina. He is optimistic about...
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