viewProactive Group

Weak gold price sentiment creating mixed picture for mining

Mining Capital's Alastair Ford tells Proactive Investors pressure on the gold price remains on the down side: ''We've seen the price dip to $1180/oz in the very recent past and I think we'll see a return to those levels, if not lower, in the coming weeks and months''.

Ford discusses Centamin PLC (LON:CEY), one of London’s biggest gold miners, which has cut its annual production target after reporting a 25% drop in quarterly output from its flagship Sukari mine in Egypt.

SolGold plc (LON:SOLG) gets a mention - chief executive Nick Mather has said a new mineral resource estimate (MRE) for its Alpala copper-gold asset in northern Ecuador could have a material impact on the scale of the project.

Also discussed are ECR Minerals PLC (LON:ECR), Greatland Gold plc (LON:GGP) and Rockfire Resources Plc (LON:ROCK).

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Reyna Silver to begin 10,000 meter drill program at its Guigui Project in...

Reyna Silver Corp (TSX-V:RSLV) (OTCQB:RSNVF) CEO Jorge Ramiro Monroy tells Proactive the group has received drill permits from the Mexican government for its silver-focused Guigui Project in Chihuahua, Mexico. Monroy says the the group will soon begin its first drill campaign by embarking on a...

8 minutes ago

2 min read