The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Junior Mining Space Gets a Lift
|
Junior Mining Weekly
"According to recent comments by Goldman Sachs, the global economy continues to grow at about 3.8% per year. This is clearly good news for metal prices and the resource-heavy TSX, which has recently pushed into new record territory. Even though the US economy has slowed, the strong fiscal stimulus implemented by the Fed evoked a positive response in US equities. All of this has, in turn, benefited the junior mining space. Why? We have mentioned on several occasions that, to create capital flow to the speculative juniors, some stability is needed within the large caps. Investor concerns regarding the equity markets have receded, and as the heavily resource-weighted TSX has outperformed, we suggest some capital has migrated to the small caps. The TSX Venture Exchange has been trending higher over the last three weeks. Furthermore, daily volumes for the TSX Venture have continued to increase during this same time period, moving from averages of about 160 million shares traded to highs of 260 million. The average during the past week surpassed the 230 million shares traded per day mark, an indication to us that some speculative capital has flowed back into the sector. Although this relatively short upward trend is encouraging, from a technical perspective we will wait for the TSX Venture to break through the 2,800 level on strong volumes before believing this rally has some sustainability." (5/26/08) |
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"We expect PGLC's Relief Canyon site to be meaningfully advanced in 2016." (12/16/15) Pershing Gold Corp. - Heiko Ihle, Rodman & Renshaw More >
"ICG continues to stand out as one of the most active junior exploration companies globally." (12/9/15) Integra Gold Corp. - Michael Gray, Macquarie Equity Research More >
"We are initiating coverage on NMI with a Buy rating." (12/9/15) Newmarket Gold Inc. - Heiko Ihle, Rodman & Renshaw More >
"TV's mill throughput was up 19% MOM; zinc recovery improved by 9%." (12/9/15) Trevali Mining Corp. - Joseph Gallucci, More >
"THO pays a good dividend and produces at the lowest quartile costs." (12/9/15) Tahoe Resources Inc. - Gwen Preston, Resource Maven More >