PDAC 2024 Day 2
What a difference a day makes in the mining world!
The doom and gloom from yesterday was replaced by optimism as the price of gold soared around $50 to close at $2116. The mood in the show was clearly positive.
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PDAC 2024 Day 2
What a difference a day makes in the mining world!
The doom and gloom from yesterday was replaced by optimism as the price of gold soared around $50 to close at $2116.
The mood in the show was clearly positive, and you could sense the relief in the air as the news spread and many people were checking the latest gold price on their phones all day.
Sadly for many companies in the show the recod high gold price will make little difference. They are, of course, the greenfield explorers trying to establish an exploration programme with little to no cash and a hostile market to attemp to finance in.
One aspect of the show thay has become apparent this year is it’s mainly full of early stage explorers, and has few late stage developemnt companies and even ferer producers.
In the current market that makes for a lot of quiet booths, and the all too familiar sight of bootholderrs staring at their phones.
I chatted to a few of the UL contingent today, Cornish Metals being an interesting chat following their news release today.
Other UK based companies I had a chat to included Conroy Gold, and Southern Cross.
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