Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
On record cash flow La Mancha (TSX: LMA) doubled net earnings in its first quarter to C$7.5 million.
La Mancha credited strong gold prices and production for the performance. In the first quarter last year La Mancha produced 21,654 ounces gold, but increased production at La Mancha’s Hassai mine in Sudan and Frog’s Leg mine in Australia pushed that number up by 50 percent to 32,426 ounces gold.
