Darnley Bay has only owned the Pine Point project for four months. In that time they have already shown that a new mine on this historic zinc asset makes a lot of sense.
The rate hike happened and gold sprang into action, just as I expected. The move was stronger and came out of near record volumes, which shows just how many speculators were waiting for this opportunity. There is very good interest in gold these days, folks.
I came to Colombia primarily to answer one question: this country may offer immense mineral potential but is it a good place to spend some investment dollars?
Markets hate uncertainty and (because of all those terribly inaccurate polls) Trump’s victory injected a whack of precisely that. But his calm response, amazingly, calmed the markets.
US markets are a bit of a mess right now. On Friday the S&P lost 53 points or 2.4%. Monday they regained half that ground but Tuesday saw another slide. The Dow made similar moves.
For those unfamiliar with french, Val d’Or translates as Valley of Gold. And it’s an appropriate name: the city grew up around two gold mines and mining remains the only significant game in town.
