World Money Flows have been going in one direction lately , into the US and Asian stock markets and high yielding treasuries . Europe has interest negative rates and the US’ 1.8% 10 year is 300 percent basis points higher.
Gold has had a nice run recently meeting resistance at current levels and now trading sideways. When the next rally in gold will start depends upon when these equity markets run out of steam . Rates need to go up but the popular approach is to maintain status quo. Like musical chairs the stage is set , gold is cheap , inflation is not dead . Inflation Not Dead Peter Schiff Podcast
As economies expand mining stocks will surge and not be left behind .
Agnico Eagle Mines ( TSX: AEM – NYSE AEM )
Recent share price: C$73.17; 2019 year-to-date movement: +33.11 percent
Precious metals miner Agnico Eagle Mines has been in production since 1957, and has mining operations in Canada, Finland and Mexico. It also explores in all of those countries, as well as the US and Sweden.
On October 7, the company announced that it achieved commercial production at its Amaruq satellite deposit at the Meadowbank complex on September 30.
Centerra Gold ( TSX: CG – OTC Pink – CAGDF )
Recent share price: C$12.73; 2019 year-to-date movement: +112.52 percent
Centerra Gold operates two flagship assets, the Mount Milligan mine and the Kumtor mine, which are located in Canada and the Kyrgyz Republic, respectively.
On July 30, the company released its second quarter financial results, posting record net earnings of US$33.4 million. Cash generated from operations hit US$91 million.
In August, Centerra completed its strategic agreement with the government of the Kyrgyz Republic.
Endeavour Mining ( TSX: EDV – OTCQX EDVMF )
Recent share price: C$24.52; year-to-date movement: +9.87 percent
Endeavour Mining, another of the world’s leading mining companies, has four mines in Burkina Faso and Côte d’Ivoire. These mines are expected to produce between 615,000 and 695,000 ounces of gold in 2019. The company is looking to uncover 10 million to 15 million ounces of gold via exploration by 2021.
On August 1, the company released its Q2 results, posting a production increase of 42 percent over Q1 at 171,000 ounces following the successful commissioning of the Ity CIL operation.
Integra Resources ( TSXV: ITR – OTCQX IRRZF )
Recent share price: C$1.36; year-to-date movement: +64.71 percent
Integra Resources is an exploration and development company operating in the US. It owns the DeLamar and Florida Mountain assets in Idaho, previously operated by Kinross Gold ( TSX k – NYSE KGC ).
Unlike the other mining stocks listed by Raymond James, Integra is not yet producing. Its focus this year has been on DeLamar, and in June it released an updated resource estimate for the asset. DeLamar’s global inferred resource now stands at 501,000 gold equivalent ounces at an average grade of 0.55 grams per tonne (g/t) gold equivalent. The calculation uses a 0.2 g/t gold equivalent cut off for oxide/transitional resources and a 0.3 g/t gold equivalent cut off for unoxidized resources.
In September, the company released an “exceptional” preliminary economic assessment for DeLamar, showing an after-tax net present value of C$472 million, with average annual after-tax free cash flow of C$81 million once the project enters production.
Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision.