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Company sponsored news, analysis & commentary, by Peter Epstein, MBA
M&A is picking up in S. America to kickstart development efforts of long-dormant & slow-moving copper (“Cu“) projects. BHP & Lundin Mining announced the acquisition of one of the best projects on earth, Filo Mining’s Filo del Sol. Fun fact, … Continued
Gold & silver are having an extraordinary year, up 25.5% & 31.0% year-to-date to $2,591/oz. & $31.23/oz. As expected, the stocks of many producers are up substantially. Newmont, Agnico Eagle, Kinross, Alamos Gold, Hecla Mining, Pan American Silver & Coeur … Continued
Copper (“Cu“) demand is expected to grow at an average of 3.0-3.5%/yr. for decades to come, but a dearth of Major discoveries in the past decade (see chart) points to constrained mine supply growth in the 2030s-2040s, especially as many of … Continued
Anyone watching the price of gold (“Au“) should be amazed at how well it’s done, above US$2,400/oz. for two months, and > $2,300/oz. for five months. Many expected a pullback to $2,200 or $2,100, which never happened. Today’s $2,514/oz. is … Continued
Gold’s & sliver’s inflation-adj. ATHs in Jan. 1980 were about $3,430/oz. & $202/oz. (in today’s dollars). Notice that the gold (“Au“): silver (“Ag“) ratio was [$3,430 / $202] = 17 to 1! Today that ratio is 84:1 and it has averaged ~60:1 over … Continued
The following chart from S&P Global Commodity Insights was updated last month to include 2023 data. I know of no better appraisal of the Cu market than this. In the 15-yr. period from 2009-2023, “Major” discoveries fell off a cliff … Continued
Unless indicated otherwise, all $ figures are C$. Metal prices are US$. I’ve been watching Troilus Gold (TSX: TLG) / (OTCQX: CHXMF) for years as it continued to find more Gold (“Au“) & Copper (“Cu“) + some Silver (“Ag“). The … Continued
Note –> All $ figures C$ unless stated otherwise (all metal prices in US$). Copper & Gold Equiv. calculations use spot prices of $5.12/lb. & $2,430/oz. Wow! The Copper (“Cu”) price is up +34% in three months [2/19/24 = US$3.81/lb.] … Continued
Wow. The spot price of gold is at US$2,160/oz., yet many juniors, even moderately advanced ones like Thesis Gold (TSX-v: TAU) / (OTC: THSGF) remain well below 52-wk highs. Who would have thought five months ago at $1,820/oz. that we … Continued