According to CIBC, Agnico highlighted operational improvements related to the recently commissioned Shaft 4, improvements related to mining methods, and high-grade opportunities in the South Mine Complex Zone.
Further on Friday morning, the change in nonfarm payrolls data came in much stronger than expected, knocking anther $20 off the gold price and dashing hopes of any near-term interest rate cuts by the Fed. By the close of the day, spot gold had sunk close to $88 or 3.7% According to BMO, B2Gold announced that it has entered into an agreement to sell a portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp . In exchange for the royalty package, B2Gold will receive 153.2M common shares at a price of C$0.80/share.Botswana president Mokgweetsi Masisi wanted a quick separation from Anglo American in terms of the UK group’s plans to sell its 85% stake in the diamond miner.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
Source: Financial Digest (financialdigest.net)
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