Market's view on Orosur Mining
Published on April 2024
- Agnico exceeded consensus forecasts by 25% and witnessed a 5% increase in its stock price, benefiting from strong revenue growth and contained costs, enhancing the sector’s outlook.
- The focus on Anza for development is seen as advantageous due to previous investments by Newmont and Agnico Eagle, with the nearby Buritica site showing substantial gold yields since acquisition by a Chinese company.
- Tin prices on the London Metal Exchange have surged by 27% this year, fuelling speculation of further increases due to rising inflation.
- New sanctions by the USA and UK on Russia targeting metals like aluminum, copper, and nickel are expected to impact the market.
- The price of gold is predicted to reach $3000, influenced by central banks purchasing extensively.
- MNO, a Canadian tin company, is anticipating positive outcomes from its drilling activities.
- Notable Anza drill results include several high-grade gold intercepts, underlining the site’s potential.
- Questions have been raised about the issuance of an NI43-101 resource estimate for Anza.
- Optimism is growing among investors due to a strong finish in trading and expectations of beneficial drilling results in April.
- There is a discussion about the influence of stock watchers’ comments on share prices and the role of advice in investment decisions.
- Significant share price increases are seen as potential opportunities for creating shareholder value, especially if upcoming explorations yield positive results.