Bradford Cooke commented, “I am pleased to announce this seamless board and management transition without having to reach outside of the organization. It speaks to the depth of our management team, and the skills and dedication they bring to the Company. I look forward to supporting Dan and Christine in their new roles, and we appreciate the vote of confidence of our Board of Directors.”
These results are expected to contribute significantly to the expansion of the existing silver enriched zone, and continue to demonstrate the potential for additional high-grade gold mineralisation in the system at depth.
This makes a great buying opportunity for quality gold and silver companies for those willing to hold beyond the very short-term. Mining companies continue to report excellent earnings. The average price of silver is quite a bit higher in Q1 relative to Q4, so while gold companies' earnings won't be as strong in Q1 vs. Q4, silver companies will continue to shine.
Record earnings continue to roll in, though they are having no impact on the stock price of mining companies as gold got absolutely hammered on Friday, with silver falling as well. Nominal 10yr rates marched higher, though they are still exceptionally low, and real rates remain negative. The $1.9T stimulus bill could pass as early as this weekend, if not in the near future.
Gold Continued to trade lower while silver showed strength for a second straight week. Gold is barely hanging on, holding support around $1,770/oz. If this breaks, we will see lower gold prices. Selling feels exhausted..