Mining stocks set to skyrocket when stock market collapses as mining leaders see bullish 26 year breakout.
Mining Leader Sees Bullish Break Above 26 Year Channel
March 31 (King World News) – Graddhy out of Sweden: This quarterly chart for precious metals leader NEM looks pretty impressive. It broke above black line plus the 26 year blue channel, backtested black line plus fib 38.2% bang on, and has strong follow-through into ATHs. Just a beautiful chart. 4h to quarterly close.
NEM Closing Out The Quarter At All-Time Highs!
Oh Canada!
Graddhy out of Sweden: Depending on your home currency, this chart might be good input when it comes to the matter of buying resource stocks in USD or CAD. If CAD is going to massively outperform USD, which this chart suggests, the positive currency effect with CAD listed stocks will be noticeable.
Canadian Dollar To Soar vs US Dollar
Russia vs US: Who Will Get The Gold Medal?
Luke Gromen: Plot twist: One month on from the Russian invasion of Ukraine, Russia is not selling its Central Bank gold reserves, but the US is selling SPR oil reserves. Let’s watch…
New interview from legend Doug Casey discussing gold, silver and
global chaos! To listen click here or on the image below.
Junior Miners Finally Ready To Outperform Or “Catch Up”
Otavio Costa: Junior miners look ready for a major catch up to the upside with gold already near historical levels.
Junior Miners Ready For Major Upside
Gold Miners vs S&P 500
Otavio Costa: 1st inning
EARLY DAYS!
Only 1st Inning Of Gold Miner Bull Market
Miners Skyrocket As Stock Market Collapses
Otavio Costa: The opportunity for buying gold stocks and selling overvalued large cap growth stocks appears like 1972. In just two years in 1973-74, the S&P 500 declined 50% while gold stocks increased five-fold!’
WILD 1973-1974:
Gold Mining Stocks Skyrocketed 500%
As The Stock Market Collapsed 50%!
Again, Miners Soar As Stock Markets Collapse
Otavio Costa: Similarly, from the peak of the tech bubble, the NASDAQ Composite declined 78% in just two and half years while gold and silver mining equites would soon begin a new secular bull market.
Mining Stocks Skyrocketed 500%
As NASDAQ Crashed 80%!
Also of importance…
One Of The Strongest Stocks In The World
John Lewins: “2021 represented another major step forward for K92. Operationally, Kainantu delivered record throughput, production and finished the year particularly strong. Q4 also provided our most complete quarter to date, including record quarterly production, mine throughput, mill throughput, strong metallurgical recoveries, low all-in sustaining costs of $672/oz and, once again, a positive grade reconciliation to the resource model. This resulted in the Kainantu operation beating our updated guidance on both production and costs. Financially, K92 is the strongest position it has ever been, with a record cash balance of $71m and no debt, well positioning the Company to fund its growth and exploration.
Massive Expansion Of Gold Production
In terms of production growth, we achieved the Stage 2 Expansion run-rate of 400,000 tpa (1,100 tpd) in late-Q3, and in early Q4, announced a Stage 2A Plant Expansion to increase throughput another 25%, as the mill has continued to show that it is very capable of operating at much higher throughput rates. Q4 recorded 21 days with throughput exceeding 1,300 tpd and a daily record of 1,538 tonnes. Commissioning is expected for Stage 2A in the second half of 2022, at a plant expansion capital cost of approximately $2.5m. Subsequent to year-end, we announced a high-grade updated Kora resource estimate and maiden Judd resource estimate, providing the basis for the Definitive Feasibility Study and Updated Preliminary Economic Assessment for the additional expansion, Stage 3. Work is well underway on these studies.
Some Of Our Best Drill Holes Ever Will Further Expand Production
Exploration also delivered strong results during the year, reporting 177 drill holes at Kora and Judd. Drilling recorded some of our highest drill holes recorded to date, with many highlights including hole KMDD0415 recording 7.51 m at 192.50 g/t Au, 8 g/t Ag and 0.22% Cu (192.92 g/t AuEq, 4.11m true width) from the K1 Vein, 6.45 m at 105.96 g/t Au, 11 g/t Ag and 0.60% Cu (106.95 g/t AuEq, 4.06 m true width) from the K1 Vein, and at Judd, hole JDD0022 recording 8.51 m at 48.56 g/t Au, 47 g/t Ag and 0.54% Cu (49.93 g/t AuEq, 6.25 m true width) from the J1 Vein. Importantly, due to the proximity of our exploration to mine infrastructure, production is able to rapidly benefit from exploration success. At Judd, in just over a year from the discovery of high-grade underground, its first long hole stope was mined in Q4 and has become a new major mining front for K92 that is expected to provide a boost to operational flexibility in both the near and long-term.
Ramping Up Exploration For 2022
The recent strong results from surface exploration drilling at Kora South and Judd South, also show very promising potential and plans are well underway to ramp-up exploration, with the second drill rig now operating and a third drill rig planned near-term. Concurrently, Kora South and Judd South surface sampling and mapping is underway, stepping out along strike towards the interpreted A1 Porphyry. Our property wide airborne geophysics results also show that exploration is potentially just scratching the surface in terms of both vein and porphyry exploration. We see an elevated likelihood that our exploration budget will increase for 2022.
Major Support From Papua New Guinea And Australia
Lastly, I would like to underscore that these significant accomplishments were achieved during the burdens from the COVID-19 pandemic. Our workforce has been extraordinary during the last two years and our resiliency towards COVID-19 continues to strengthen. The support of the Governments of both Papua New Guinea and Australia have also been a major factor in our success as well.” K92 Mining, symbol KNT in Canada and KNTNF in the US.
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To listen to Peter Boockvar discuss the bullish case for gold and silver as well as other major markets in this remarkable audio interview CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss the bullish case for gold and silver as well as other major markets in this remarkable audio interview CLICK HERE OR ON THE IMAGE BELOW.
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