OGC, WGX, MAI, EDV, OGC, MTA
OceanaGold aka OGC and HWG aren't messing around. A week ago they announced a JV whereby OGC can earn up to 75% of three gold prospects in Nevada, and today they announced the start of drilling at one of them, TJ. OGC is funding the drilling, which will include 4-6 holes totaling about 1500m at several epithermal vein targets, particularly the Sinter Fault and Jackpot Fault targets.
If the drilling at TJ and the other properties goes well, it would not surprise me if OGC eventually bought out HWG entirely.
Message 35304993
If you are looking for some bedtime reading, Westgold Resources aka WGX has filed no fewer than five updated Technical Reports in various of its mining operations in western Australia.
Message 35305097
Yes, things have changed at Minera Alamos aka MAI amid its pivot to American production by buying the producing Pan gold mine in Nevada. Today we got a PR with a title announcing the hiring of an experienced executive, and then at the bottom of the PR they mention that Doug Ramshaw, long the face of the company, has resigned as President and also from the BoD. I'll be watching to see where he ends up.
ca.finance.yahoo.com
FWIW, BMO issued a new report previewing Q3 for PM miners. Among the companies mentioned
EDV at Outperform with a target of $80
OGC at Outperform with the target of $36.50
MTA at Outperform with a target of $11
FWIW, Scotia issued a number of reports pertaining to increasing their PM price deck. They increased their 2025 price for silver from $34.50 to $38.50 and the long term forecast from $27 to $30, with increases of 25-33% for 2026 through 2028. They increased their gold price forecast for 2025 from $3250 to $3450 and long term price from $2300 to $2600, with increases for 2026 through 2028 from 19-52%. Among the resulting target changes:
EDV's target was raised from $50 to $75
OGC's target was raised from $27 to $44
Saville argues that sentiment and momentum indicate the development of a months-long correction the gold price, with the key indicator being a weekly close below $4000. He also thinks HUI has probably peaked for 2025. |
