Scorpio Gold, near-term production, low-risk, in Nevada
In opening articles, I focus on the main commodities associated with a company –> copper, uranium, gold, silver, lithium , etc. The Company in this case is a gold (“ Au “) junior. There’s essentially only one topic most want to hear about on Au, the price! Au is +51% from a 2-yr. low in September 2022 to US$2,422/oz . , within 2% of an all-time high! That’s an epic move, comfortably outpacing increases in All-in Sustaining-Costs (“ AISC “). Second-quarter results for producers are coming in very strong, just imagine what 2H 2024 will bring. Shares of Agnico Eagle, Kinross, IamGold, Harmony Gold & Eldorado Gold are up an average of +101% from 52-week lows. Just look at this Au chart… will high-quality junior miners remain depressed or bounce? Majors, including; Newmont , Barrick, Agnico Eagle , AngloGold Ashanti , Kinross, Gold Fields, and Alamos Gold have pristine balance sheets and are printing money. They’re stacking so much cash, they need to make acquisitions to...