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...



Condor Gold looking to commence site preparation and assessing potential...

Condor Gold PLC's (LON:CDR) Mark Child tells Proactive's Andrew Scott the key objective remains to commence site preparation at the La India site in Nicaragua and place a deposit on a processing plant by the end of the year. Condor currently has 1.12 million ounces (oz) of gold open pit mineral...

3 hours, 27 minutes ago

2 min read