Five Top Ways to Trade Soaring Gold Prices

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Gold prices are quickly nearing $2,000 again. At current pace, we wouldn’t be shocked to see $2,500 before the first half of the year is over. All thanks to a softer U.S. dollar, and expectations the Federal Reserve will slow the pace of interest rate hikes. “Fed remains the focus. The market is of the view that the Fed’s rate-hike cycle is slowing and may come to an end soon, which is helping gold,” said Ilya Spivak, head of global macro at Tastylive, as quoted by CNBC. “Prices are seeing good support around the $1,900-$1,920 levels. The next key level of resistance will be around $1,970.” That’s all great news for Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), B2Gold Corp. (TSX: BTO) (NYSE: BTG), and Equinox Gold Corp. (TSX: EQX) (NYSE: EQX).

Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example

Calibre Mining Corp. announced assay results from the 2022 discovery and resource expansion drill program at its 100% owned Pan Mine (“Pan”), located in the prolific Battle Mountain – Eureka gold trend, Nevada. Initial results at the new Coyote target, which had never been drill tested, located approximately 3 km south southwest of the Pan open pit demonstrate the exploration and discovery potential on the property. Coyote was initially identified through surface geochemistry and rock chip sampling combined with an evolving structural geological interpretation. In addition, several results, as outlined below, also indicate the potential for resource expansion while focusing on the conversion of known zones of mineralization. During 2023, Calibre will advance a 38,400 metre drill program in Nevada including 28,000 metres at Pan focusing on new targets and the expansion of known resources.

Highlights from the New Coyote Pan South discovery include:

Coyote Target

– 1.36 g/t Au over 13.7 metres including 2.78 g/t Au over 4.6 metres in Hole PR22-238;

– 0.61 g/t Au over 18.3 metres in Hole PR22-237;

– Initial results located approximately 3 km south of the Pan South open pit;

– Open for expansion

Highlights from the Pan resource expansion and conversion program within the open pit operation include:

North Dynamite

– 0.54 g/t Au over 74.7 metres in Hole PR22-211; 0.56 g/t Au over 21.3 metres in Hole PR22-209;

– 0.47 g/t Au over 18.3 metres in Hole PR22-210; 1.67 g/t Au over 12.2 metres including 2.12 g/t Au over 9.1 metres in Hole PR22-224;

– 0.41 g/t Au over 10.7 metres in Hole PR22-228;

– 0.67 g/t Au over 22.9 metres including 1.14 g/t Au over 9.1 metres in Hole PR22-190;

– Intercepts extend mineralization down-dip and along strike, and are open for further expansion

Syncline Target

– 1.05 g/t Au over 15.2 metres including 2.12 g/t over 3.0 metres and 1.21 g/t over 6.1 metres in Hole PR22-218;

– 0.67 g/t Au over 7.6 metres in Hole PR22-219;

– Deeper mineralization north of Syncline will be evaluated considering newly interpreted stratigraphy

Orpiment Alley Target

– 0.53 g/t Au over 15.2 metres in Hole PR22-182;

– With favorable mineralogy and trace element geochemistry at depth, Orpiment Alley remains the primary target of a deep, sulfide feeder system at Pan

Benji Target

– 0.45 g/t Au over 18.3 metres in Hole PR22-203; 0.84 g/t Au over 22.1 metres in Hole PC22-017

Note: All holes were drilled at angles of -45 to -90 degrees at azimuths designed to intersect targeted structures as nearly as possible to perpendicular when possible. Some drill holes and intercepts reported here did not cross mineralization perpendicularly, and do not represent exact ‘true widths.

Darren Hall, President, and Chief Executive Officer of Calibre stated: “The initial drill results located outside the Pan operating area are encouraging given this target has never been drilled. Calibre’s priority in 2023 will shift to these new targets with a focus on discovery drilling within the mineral concessions at Pan and Gold Rock.”

Other related developments from around the markets include:

Barrick Gold Corporation announced the declaration of a dividend of $0.15 per share for the third quarter of 2022. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of the year. The Q3 2022 dividend will be paid on December 15, 2022 to shareholders of record at the close of business on November 30, 2022. In addition to the enhanced dividends declared so far in 2022, Barrick has continued to repurchase shares under the share buyback program that was announced in February of this year. As of the end of Q3, Barrick has repurchased 18 million shares1 under the program, or approximately 1% of Barrick’s issued and outstanding shares at the time the program was announced, for net cash of $322 million, including $141 million paid during Q3 2022.

Newmont Corporation announced that its Board of Directors declared a dividend of $0.55 per share of common stock for the third quarter of 2022, payable on December 29, 2022 to holders of record at the close of business on December 8, 2022. “With this dividend declared, Newmont will have returned nearly $4 billion since the introduction of our dividend framework, clearly demonstrating our commitment to returning cash to our shareholders with a proven track record of doing so,” said Tom Palmer, President and CEO.

B2Gold Corp. announced that its Board of Directors has declared a cash dividend for the fourth quarter of 2022 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on December 16, 2022, to shareholders of record as of December 7, 2022. As part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly dividends at the same level. This dividend is designated as an “eligible dividend” for the purposes of the Income Tax Act (Canada).

Equinox Gold Corp. announced its third quarter 2022 summary financial and operating results. The Company’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2022 will be available for download on SEDAR. Greg Smith, President and CEO of Equinox Gold, commented: “As expected, gold production in the third quarter increased meaningfully from production in the second and first quarters. Costs, however, were higher than expected as the result of persistent global inflationary pressures coupled with lower than planned production. We are reviewing mine plans across the portfolio with a focus on improving productivity while managing costs. Based on production to date, we expect full-year production to be approximately 540,000 ounces of gold and costs to exceed the upper end of guidance by approximately five percent.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for full disclaimer.


Ty Hoffer
Winning Media
[email protected]