And they did, even as other markets recovered, gold increased and maintained its value.” Active mining stocks mentioned in today’s commentary include: Ridgestone Mining Inc.
The report continued that The US Dollar could be an indicator of gold’s future, saying that: “Specific to the US, which remains the major economic influence worldwide, gold prices will also depend on the dollar index.
The current exploration phase will be comprised of geologic mapping, sampling and prospecting with the aim of delineating additional targets for follow-up exploration drilling.
“We are excited to remobilize to the Rebeico project specifically given the significant past exploration efforts which have already delineated a number of high-grade copper and gold opportunities within the expansive property package” stated Jonathan George, Ridgestone’s CEO and Director.
As previously reported on February 2, 2021, the Board adopted a financial policy for the allocation of cash flows aligned with FCX’s strategic objectives of maintaining a strong balance sheet, increasing cash returns to shareholders and advancing opportunities for future growth.
The policy includes a base dividend of $0.30 per share per annum and a performance-based payout framework to be implemented following achievement of a net debt target in the range of $3-$4 billion, excluding project debt for additional smelting capacity in Indonesia.
“We are very pleased to have completed the final land user agreements at Pampacancha and we remain on track for first production in the second quarter of 2021, in line with guidance,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer.
Pampacancha is expected to contribute to an increase in copper and gold production at Constancia from 2022 to 2025 as the higher grades enter into the mine plan.
The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and severely polluted the Doce River with mining waste, one of Brazil’s worst environmental disasters.
“The gold stream and port agreements are key steps in our reduced capital strategy which aims to decrease the capital required by a target of $700 million.