Don’t count out gold just yet. According to Standard Chartered Bank’s global head of research Eric Robertsen, as noted by Kitco.com, gold could rally to $2,250 an ounce in 2023. In fact, he notes gold could rally as Bitcoin falls, “with investors switching focus from the digital version of gold to the real metal, as cryptocurrencies fall further and more crypto firms succumb to liquidity squeezes and investor withdrawals.” 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), B2Gold Corp. (TSX: BTO) (NYSE: BTG), and Equinox Gold Corp. (TSX: EQX) (NYSE: EQX).
Look at Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF), For Example
Calibre Mining Corp. report additional high-grade drill results from its Panteon North zone within the Limon Mine Complex, part of the Company’s 85,000 metre resource expansion and discovery drilling program. High-grade mineralization in the main gold-shoot will lead to a maiden resource in Q1, 2023.
New High Grade Drill Result Highlights from Panteon North
– 17.80 g/t Au over 7.9 metres Estimated True Width (“ETW”) in Hole LIM-22-4694;
– 13.14 g/t Au over 8.4 metres ETW in Hole LIM-22-4659;
– 12.30 g/t Au over 4.4 metres ETW in Hole LIM-22-4672;
– 15.18 g/t Au over 2.9 metres ETW in Hole LIM-22-4671;
– 14.57 g/t Au over 1.9 metres ETW and 16.02 g/t Au over 2.7 metres ETW in Hole LIM-22-4675;
– 16.68 g/t Au over 1.8 metres ETW in Hole LIM-22-4683;
– 10.48 g/t Au over 2.1 metres ETW in Hole LIM-22-4686;
– 12.85 g/t Au over 10.6 metres ETW including 22.47 g/t Au over 4.9 metres ETW in Hole LIM-22-4691;
– 13.87 g/t Au over 2.2 metres ETW including 26.33 g/t Au over 1.1 metres ETW in Hole LIM-22-4697;
– 11.13 g/t Au over 1.1 metres ETW in Hole LIM-22-4699; and
– 5.60 g/t Au over 1.6 metres ETW and 13.18 g/t Au over 5.1 metres ETW including 27.57 g/t Au over 2.3 metres in Hole LIM-22-4703.
Darren Hall, President and Chief Executive Officer of Calibre, stated: “I continue to be very encouraged by the drill program at Panteon North. Since the discovery was announced on May 16, 2022 (see news release here) we have been able to continue to identify bonanza grade mineralization along what is now a well-defined gold-shoot spanning 400 metres along strike and over 200 metres down-dip.
Furthermore, several holes in the Panteon/VTEM geophysical corridor step out drilling, designed to test the structure identified on June 27, 2022 (see news release here) have been completed. With assays pending the multi-kilometre VTEM corridor has excellent potential for additional high-grade discoveries.”
Previously announced high-grade results since discovery in May of this year include:
– 52.09 g/t Au over 3.8 metres ETW, including 95.70 g/t Au over 1.1 metres and 10.28 g/t Au over 2.1 metres ETW, including 16.50 g/t Au over 1.7 metres in Hole LIM-22-4662;
– 43.09 g/t Au over 3.3 metres ETW, including 155.10 g/t Au over 0.9 metres in Hole LIM-22-4647;
– 35.18 g/t Au over 2.8 metres ETW, including 58.00 g/t Au over 1.5 metres in Hole LIM-22-4653;
– 26.02 g/t Au over 8.1 metres ETW, including 41.30 g/t Au over 4.6 metres in Hole LIM-22-4665;
– 18.49 g/t Au over 1.1 metres ETW, including 49.30 g/t Au over 0.4 metres in Hole LIM-22-4654;
– 13.14 g/t Au over 3.1 metres ETW, including 49.10 g/t Au over 0.4 metres in Hole LIM-22-4651.
For a complete look at the year-to-date 2022 drill results see details in the news releases dated September 7, 2022, June 27, 2022 and May 16, 2022.
Other related developments from around the markets include:
Barrick Gold Corporation announced the declaration of a dividend of $0.15 per share for the third quarter of 2022. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of the year. The Q3 2022 dividend will be paid on December 15, 2022 to shareholders of record at the close of business on November 30, 2022. In addition to the enhanced dividends declared so far in 2022, Barrick has continued to repurchase shares under the share buyback program that was announced in February of this year. As of the end of Q3, Barrick has repurchased 18 million shares1 under the program, or approximately 1% of Barrick’s issued and outstanding shares at the time the program was announced, for net cash of $322 million, including $141 million paid during Q3 2022.
Newmont Corporation announced that its Board of Directors declared a dividend of $0.55 per share of common stock for the third quarter of 2022, payable on December 29, 2022 to holders of record at the close of business on December 8, 2022. “With this dividend declared, Newmont will have returned nearly $4 billion since the introduction of our dividend framework, clearly demonstrating our commitment to returning cash to our shareholders with a proven track record of doing so,” said Tom Palmer, President and CEO.
B2Gold Corp. announced that its Board of Directors has declared a cash dividend for the fourth quarter of 2022 of $0.04 per common share (or an expected $0.16 per share on an annualized basis), payable on December 16, 2022, to shareholders of record as of December 7, 2022. As part of the long-term strategy to maximize shareholder value, B2Gold expects to declare future quarterly dividends at the same level. This dividend is designated as an “eligible dividend” for the purposes of the Income Tax Act (Canada).
Equinox Gold Corp. announced its third quarter 2022 summary financial and operating results. The Company’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2022 will be available for download on SEDAR. Greg Smith, President and CEO of Equinox Gold, commented: “As expected, gold production in the third quarter increased meaningfully from production in the second and first quarters. Costs, however, were higher than expected as the result of persistent global inflationary pressures coupled with lower than planned production. We are reviewing mine plans across the portfolio with a focus on improving productivity while managing costs. Based on production to date, we expect full-year production to be approximately 540,000 ounces of gold and costs to exceed the upper end of guidance by approximately five percent.
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.
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