The things that have moved in this market of course have been precious metal production and near term production stories, but people are coming to understand that high quality discoveries are rare.
Adrian Day provides an overview of recent developments at three resource companies on his list. The recent pullback in precious metals stocks has provided opportunities to add to positions, and there is one buy.
Construction has begin on a new heap leach facility at Rye Patch Gold Corp.'s Florida Canyon Mine in Nevada, a move that Dundee Capital Markets' analyst Ron Stewart believes could add value for investors over both the long and short terms.
The possible plant closure, which could cost around 2,000 jobs, is part of a global restructuring plan announced in September that could see CAT cutting as many as 10,000 jobs globally in the coming years.