We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LoneClone10/4/2021 1:41:35 PM
1 Recommendation

Recommended By

   of 77954
Mnera Alamos aka MAI provided an update from their newly operating Santana heap leach gold mine in Mexico. Production is currently from the Nicho Norte deposit, and they reported positive results both from deep drilling under the Nicho Norte pit and from the main Nicho deposit, scheduled for future production. Mineralization remains open both at depth and to the south. The company also gave us details about the various optimization programmes underway at Santana.

Message 33515292

Norsemont Mining aka NOM has been on probation for me for a while due to the lack of progress on bringing Choquelimpie back into production. A write-up in the latest IKN newsletter reminded me of this, so I took advantage of today's jump to get out with a 50% loss, alas in a tax-sheltered account.

Speculators can't win them all...

Savile has become more gloomy about gold's short term prospects because the PoG closed the month under its 21-month moving average (blue line). He is still be very positive about a major rally in the first half of 2022, but warns about the possibility of much lower prices before then.

I just hope it doesn't repeat the crash we saw in 2013.

He also warns about the possibility of HUI hitting new intermediate term lows before year end.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext