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Top Ways to Trade the Potential for the Return of $2,000 Gold

Last trading at $1,931.55, gold prices are quickly nearing $2,000 again. All as investors anticipate slower rate hikes from the Federal Reserve. Dallas Fed President Lorie Logan, for example said she, “wants to slow the pace of rate hikes to make sure the Fed walks the tightrope of reining in inflation while not sinking the economy. Logan said she’s watching financial conditions and says if they loosen, the Fed could always raise rates further—even after pausing,” as noted by Yahoo Finance. That could be great news for Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), Kinross Gold Corporation (NYSE: KGC) (TSX: K), and B2Gold (NYSE: BTG) (TSX: BTO).

Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example

Calibre Mining Corp. announced assay results from the first phase diamond drill program at its 100% owned Golden Eagle Project. Golden Eagle is located in the Republic/Eureka Mining District in Ferry County, Washington, USA approximately 4.8 km north-northwest of the town of Republic, Washington and approximately 16 km west of Kinross Gold’s Kettle River Mill. Golden Eagle hosts a pit constrained, Measured and Indicated resource of 2.02 million ounces at 1.4g/t gold with an Inferred resource of 155,000 ounces at 0.9g/t gold. This 2-million-ounce deposit located in the United States with favourable logistics will provide future value to Calibre shareholders through additional drilling and modern metallurgical testing.

Initial drill results from the Golden Eagle program include:

- 4.30 g/t Au over 92.42 metres including 7.80 g/t Au over 17.3 metres in Hole GEC22-001

- 2.90 g/t Au over 195.1 metres in Hole GEC22-003

- 2.38 g/t Au over 114.3 metres; 2.66 g/t Au over 19.8 metres and 2.65 g/t Au over 25.7 metres in Hole GEC22-006

Note: All holes were drilled at angles of -45 to -90 degrees at azimuths designed to intersect targeted structures as nearly as possible to perpendicular when possible. Some drill holes and intercepts reported here did not cross mineralization perpendicularly, and do not represent exact ‘true widths.

Darren Hall, President, and Chief Executive Officer of Calibre stated: “Today’s results from Golden Eagle reinforce the potential for this project to provide significant value to Calibre shareholders. The first phase of this drill program confirms a robust mineral system with consistent gold grades over broad widths. The Golden Eagle Project is a key asset within our United States operating platform which includes the Pan mine and the Gold Rock and Illipah projects in Nevada. I look forward to results from the second phase of drilling as well as the commencement of a comprehensive metallurgical program to fully assess this strategic assets’ potential. Golden Eagle is a meaningful contributor to the Company’s overall mineral resource estimate with 2.0 million ounces in Measured and Indicated Mineral Resource, adding positively to our organic growth strategy.”

About Golden Eagle

The Golden Eagle Mineral Resource estimate, based on a drill hole dataset of 202 holes totalling 38,208 metres at a base cutoff grade of 0.48 g/t gold and a gold price of US$1,500 supports a pit constrained Measured & Indicated Resource of 2.02 million ounces at 1.382 g/t and an Inferred Resource of 154,650 ounces at 0.896 g/t (see Fiore Gold’s MRE NI 32-101 Technical Report dated September 24, 2021). The Golden Eagle deposit is characterized as a low-sulphidation epithermal hot springs related deposit. A major part of the deposit is a large body of silicified hydrothermal breccia, but high-grade gold- and silver-rich quartz veins are present in and near the area of hydrothermal breccia. The deposit has as strike length of approximately 750 metres, variable width up to approximately 300 metres and depth of approximately 600 metres. Mineralization occurs at surface on the west and southwest areas of the deposit.

History of the Region

Golden Eagle is located in the northwestern portion of the very productive Republic/Eureka district and includes the former Mountain Lion Mine which was active from 1898 to 1947. The Republic/Eureka Mining District has produced nearly 4 million ounces of gold at an average grade of 19.89 g/t gold over the last 130 years, principally from high grade underground narrow vein deposits. The last operating gold mine in the district was Kinross’ Buckhorn/Kettle River operation which closed in 2017.

Other related developments from around the markets include:

Barrick Gold Corporation reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 million ounces was approximately 1% lower than the 4.2 million ounces1previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range of 420 to 470 million pounds. The preliminary Q4 results show sales of 1.11 million ounces of gold and 99 million pounds of copper, as well as preliminary Q4 production of 1.12 million ounces of gold and 96 million pounds of copper. The average market price for gold in Q4 was $1,726 per ounce and the average market price for copper in Q4 was $3.63 per pound.

Newmont Corporation joins the Dow Jones Sustainability World Index (DJSI World), representing the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index. DJSI World membership is based on long-term economic factors, as well as leading environmental, social and governance (ESG) performance evaluated through the 2022 S&P Global Corporate Sustainability Assessment (CSA). In addition to being ranked number one in the Metals and Mining Industry, Newmont received the top score for the Governance and Environment dimensions and earned top decile performance in 23 of the 25 CSA performance categories. The ranking is based upon Newmont’s performance in calendar year 2022. As of December 9, 2022, the company achieved the highest score out of 147 metals and mining companies assessed in the CSA.

Kinross Gold Corporation has acquired deemed beneficial ownership of 5,018,017 common shares of Allegiant Gold Ltd. issuable upon exercise of common share purchase warrants previously acquired by Kinross. The warrants were acquired as part of the previously announced investment in Allegiant completed on March 17, 2022. Pursuant to the investment, Kinross purchased 10,036,034 units of Allegiant, representing 9.9% of the issued and outstanding shares of Allegiant. Each unit was comprised of one common share and one-half of one common share purchase warrant. The Units were acquired for a purchase price of $0.40 per Unit, representing an aggregate purchase price of $4,014,414.00. The common shares held represent approximately 9.8% of the currently issued and outstanding Allegiant common shares and the Warrants provide deemed beneficial ownership of common shares representing approximately 4.7% of the currently issued and outstanding Allegiant common shares. Accordingly, as of today Kinross is the deemed beneficial owner of common shares representing approximately 14.0% of the issued and outstanding shares of Allegiant and is therefore required by applicable Canadian securities laws to issue this press release and file a corresponding early warning report.

B2Gold announced its gold production and gold revenue for the fourth quarter and full year 2022, in addition to its production and cost guidance for 2023.Fourth Quarter and Full Year 2022 Highlights: Total gold production quarterly record in Q4 2022: Total gold production in the fourth quarter of 2022 of 367,870 ounces, including 15,101 ounces of attributable production from Calibre Mining Corp., a quarterly production record for B2Gold. Achieved upper half of 2022 annual gold production guidance: Total gold production for 2022 of 1,027,874 ounces (including 54,871 ounces of attributable production from Calibre), above the mid-point of 2022 guidance, the seventh consecutive year of meeting or exceeding annual production guidance.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for full disclaimer.


Ty Hoffer
Winning Media
[email protected]