Producing Miners
Gold & Silver miners that have actual producing mines are for the most part, going to report EXPLOSIVE revenue and profits for the just completed third quarter. We should be getting the first reports in the last week of this month and the first week of November. Unless a specific company has issues such as a labor problem, jurisdictional issues, shutdown issue, etc., their stocks are likely to vault higher when the investment community sees how much cash flow they are generating. Many of the very large and next level below producers, saw major breakouts from long bases after reporting second quarter results. The next leg higher is apt to be larger and over a shorter period of time, when these results come out. Therefore, it is not a time to be shaken out, by any volatility that may occur, before those results get reported. Remember as well, the results reflect up thru the end of Sept., so with continued higher prices for both Gold & Silver and sharply lower energy costs, unless the metals have a total collapse before year end, the fourth quarter results are likely to be even better, still.
Amen, we are just getting started.
New Found Gold expects production to commence during 4Q 2025 (Hammerdown fully permitted) with Queensway Approvals by 2027 (timeline dependent on permit — they’ve allocated the full year 2026 but last Newfoundland mine approval was completed in 45 days).
NFGC — US
NFG.v — CDN