It takes money to make money; mining companies need capital to make acquisitions and conduct exploration. Brien Lundin of Gold Newsletter profiles three companies making the most of recent financings.
News that Asanko Gold has increased production guidance and secured positive drill results from a new exploration site at its Ghana mine project spurred positive comments from four analysts following the company.
The updated definitive feasibility study for Victoria Gold's 100%-owned Eagle heap leach project reflects improved economics for the mine, prompting five analysts to applaud the company's investment and takeover potential.
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.
Exploration at Hot Chili Ltd.'s Productora copper project, located in Chile, has uncovered a gold resource at Sierra Zapallo, prompting analyst Trent Barnett of Hartleys to upgrade the company to a Speculative Buy.
Technical analyst Clive Maund reflects on how Federal Reserve statements may affect markets, and explains why he thinks the precious metals markets are due for a correction.
