Articles for tag: Aya, Gold, optimism, rises, Silver, Zgounder

November 19, 2024

Ron Finklestien

mining

Aya Gold & Silver Gains Momentum on Zgounder Prospects Despite Third Quarter Shortfall

Zgounder Silver Mine Faces Setbacks, but Aya Gold Signals Turnaround Ahead Production Guidance Adjusted Amid Operational Hurdles According to CEO Benoit La Salle, Aya Gold experienced unexpected challenges at the Zgounder mine, such as issues with the commissioning of the ball mill. These setbacks have postponed some operational milestones to the fourth quarter, leading to a revised 2024 production guidance of 1.6 to 1.8 million ounces of silver. Looking Forward: Commercial Production on Track La Salle expressed optimism, stating, “These temporary setbacks are now behind us, and our team is on track to deliver commercial production at Zgounder before year-end.”

May 20, 2024

Ron Finklestien

mining

Gold price hits $2,450 on rate cut optimism, geopolitical risks

US gold futures saw a similar rise of 0.5% at $2,429.60 per ounce, having hit $2,454.20 earlier in the day. The metal eased off its high on profit-taking but the outlook remains positive and “new records could be on the way,” explained Fawad Razaqzada, market analyst at City Index, in a Bloomberg note. Traders have been boosting bets in recent sessions that the Fed may reduce borrowing costs as early as September, a scenario that would bolster gold since it doesn’t pay interest. A weaker dollar has provided the precious metal with additional support. Recent economic data releases indicated that

February 18, 2024

Ron Finklestien

mining

Canadian Mining Industry Update Canadian Mining Industry: Mixed Fortunes for Juniors Ahead of PDAC

It’s a difficult time for the junior mining exploration companies in Canada. According to Jeff Killeen, policy and program director for PDAC, there hasn’t been a single financing above C$125 million on the TSX Venture Exchange in the past year. Deals at the C$200 million level were once common, but are now a rarity. The struggles are not limited to the actual availability of capital but also concern the size of deals being made, as Killeen highlighted in a recent interview. The figures paint a stark contrast with the past, where the TSX Venture Exchange used to be a bustling