Mining Journal’s Post

Receive your FREE June Gold Compass here: https://bit.ly/4b9OJok Get up-to-date about current gold market trends in the June Gold Compass. Published by Ximen Mining partners, In Gold We Trust, this monthly report has 60+ pages covering topics such as gold, macro, mining, and silver. Interesting developments for this month include: ▪️ Continued outflows in gold ETFs. (Slide 17-18) ▪️ Junior miners are outperforming. (Slide 29-30) ▪️ Inflation was relatively flat across the board. (Slide 34-36) ▪️ The price of natural gas jumped 30% MoM in May. (Slide 37) #XimenMiningCorp #InGoldWeTrust #Gold #GoldStocks #GoldPrice #GoldInvestment #InvestInGold #PreciousMetals #Inflation #GoldBullion

I am surprised at how quickly gold got to $2,300 per ounce. What is even more surprising is how little response there has been from gold mining stocks. A quick Google search tells me industry all in sustaining costs (AISC) is about $1,350/ounce. This is metric includes costs to replace reserves, which is why I prefer it. In 2023 the average gold price was approximately $1,940/ounce which equates $590/ounce of free cash flow. At todays gold prices we might see a 60% increase ($375/ounce)in free cash flow, but the shares have barely moved….. I still think we are in the early innings of the move in gold. Think about what another $500/ounce might look like….

Gold and silver miners continue to shine benefiting from the recent rally in precious metals prices.  The price of #gold has risen 2.5% this week alone, taking it back above the $2,000 an ounce mark, currently trading at $2,038.73/ounce, while the price of silver has enjoyed an even better week, up 5.7%.  The share prices in gold miner Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) is up a further 3.1% today, taking gains in the past month to more than 10%, while gold and silver miner, FRESNILLO PLC PLC (LSE:FRES), has jumped 5.8% today, and 6.7% in the past month.  GREATLAND GOLD PLC PLC (AIM:GGP, OTC:GRLGF) is another stock to benefit, rising 5.7% today, and a bumper 26% in the past month.  Susannah Streeter, head of money and markets, Hargreaves Lansdown explains the price has gold has been helped by the dip in the dollar as interest rate cuts are eyed on the horizon.   More at #Proactive #ProactiveInvestors #LSE #TSX #OTCQX #EDV #EDVMF http://ow.ly/1c4b105454f

Gold prices are soaring, but are you looking beyond the bullion? 📈 Siddharth Rajeev, CFA, provides an in-depth look at two undervalued gold stocks: Contango ORE and Monument Mining Ltd. Gain insights into why equities might offer better opportunities than physical gold. 📺 Watch now: https://lnkd.in/gBytT--C #GoldStocks #Investing #MarketAnalysis #GoldMining #InvestmentTips #FinancialInsights

Gold maintains last week's rally as it reaches a new 52-week high today Following escalating geopolitical tensions around the world and increased market volatility, gold has continued its massive 2024 rally, reaching a new five-year high shortly after the open. Gold has long been considered a safe haven from geopolitical instability, but there's more than one way to invest in the asset. For example, companies with significant gold assets like Nova Minerals Limited and Aya Gold & Silver have benefited from the rise in the price of bullion. #Gold #Mining #Equities #Geopolitics

Gold Mining Index shows a recovery in the last three weeks triggering the M&A activities in 1Q 2024. The positive MACD value of +0.931 may indicate a shift towards bullish momentum. Investors should pay attention to potential crossovers between the MACD line and the signal line (9-day EMA of the MACD) for confirmation of trend changes. Simple moving averages for the last three weeks are recovering in comparisons to MA 50 and MA 200. Another bullish signal. This sector is almost at 50% discount to the peak in mid 2022. Once the FED interest rate policy is stable for 2024. We are expecting a good upward recovery from mid 90's to 180's. This sector will be out of favor in the rebalance of SP 500 in January but this will change again in July 2024. The window of strong M&A activity will have a window of 6 months. #gold #mining #goldmining

Gold prices have surged nearly 13% in 2024, creating challenges for miners. Sprott ETFs offer diversified country exposure. Investors benefit from the rally amid hopes of a rate cut. However, mining struggles persist, with production plateauing since 2016. This highlights the importance of funds like SGDM and SGDJ for gold exposure.</div><div class="read-more"><a href="" class="more-link">Continue reading</a>https://lnkd.in/gxUNEkAq

Similarly to gold equities with the surging gold price, one can expect #copper equities such as QMines Limited (ASX:QML) to wake up 💥 to the outstanding #copper ♀︎ price environment 📈. The imminent PFS for the Mt Chalmers VMS deposit should be an additional catalyst. With a mineral resource of 12 Mt @ 0.76% Cu +Au, Ag and Zn for 1.22% CuEq amenable to open pit mining, the results should be very good ✅. #ASX #copper #miningstocks #queensland #QML Base point $0.20 share price or US$8,000/t copper price or A$11,500/t copper price

Similarly to gold equities with the surging gold price, one can expect #copper equities such as QMines Limited (ASX:QML) to wake up 💥 to the outstanding #copper ♀︎ price environment 📈. The imminent PFS for the Mt Chalmers VMS deposit should be an additional catalyst. With a mineral resource of 12 Mt @ 0.76% Cu +Au, Ag and Zn for 1.22% CuEq amenable to open pit mining, the results should be very good ✅. #ASX #copper #miningstocks #queensland #QML Base point $0.20 share price or US$8,000/t copper price or A$11,500/t copper price

#Gold & #Silver 📈: Recently, gold hit all-time highs, with silver not far behind, passing $29/oz. Driven by persistent inflation and increased global investment, this upward trend is expected to continue.   These conditions present a unique perspective for New Pacific Metals Corp. As the market focuses on undervalued silver stocks, #NEWP's position, bolstered by significant silver discoveries, could be increasingly relevant to investors.   📰 https://lnkd.in/emefm2uG   #NUAG #Mining #PreciousMetals #NewPacific #NewPacificMetals #Silver #Ag