![]() Mineros is expecting to begin production from the Porvenir satellite deposit at Hemco in 2027, which it says will add 44,700 ounces of gold output per year. Production for 2023 reached a total of 125,951 ounces of gold, an increase of 6,569 ounces of gold compared to 2022. The company's Hemco operations consist of the Panama and Pioneer mines, and also have an arrangement to process ore from third-party artisanal miners. In its 2023 management’s discussion and analysis report, released on February 15, the company indicates that 2023 production at Nechi totaled 93,756 ounces of gold, an increase of 1,372 ounces over 2022. Nechi features a cyanide- and mercury-free recovery extraction process using gold-hosted sands mined from closed ponds. Its primary assets are the Nechi alluvial mine in Colombia and the Hemco property in Nicaragua. Mineros is a mid-tier gold producer focused on Latin America. Year-to-date gain: 69.23 percent market cap: C$334.18 million current share price: C$1.10 ![]() Shares of Serabi reached a quarterly high of C$1.45 on March 27.īuy now, 2. Once everything is in place, the company estimates that Coringa will produce 25,000 to 30,000 ounces of gold per year. Aside from that, the company said in the announcement that it had secured permits to install a planned crusher and sorter, which it expects to be operational during the fourth quarter of 2024. The permit will allow the company to transport 50,000 MT of ore per year to be processed at the Palito complex. On January 31, the company reported that the trial mining license for Coringa had been renewed for three years. It currently hosts limited production with ore being processed at Palito. In addition to Palito, the company is working on the Coringa gold project. In a July 2023 mineral resource estimate, the company reported that Palito and Sao Chico have total measured and indicated resources of 339,300 and 38,400 ounces of contained gold, respectively. Its flagship operation is the Palito complex, which features the Palito and Sao Chico underground mines, along with an approximately 500 metric ton (MT) per day processing plant that produces 30,000 to 40,000 ounces of gold per year. ![]() ![]() Serabi Gold is a mining company focused on the Tapajós region in Northern Brazil. Year-to-date gain: 76 percent market cap: C$87.15 million current share price: C$1.32 Data for this article was retrieved on April 2, 2024, using TradingView's stock screener, and only companies with market capitalizations greater than C$50 million are included. The list below outlines the five biggest gainers so far this year. Gold also saw further upward momentum from continued geopolitical instability, particularly from a tense situation in the Middle East, where the conflict between Israel and Hamas in Gaza shows no signs of abatement.Īn Israeli attack on international aid workers in Gaza at the start of Q2 coincided with another price rise, with gold approaching the US$2,300 mark at the beginning of April it then set an all-time high of US$2,364.72 on April 9.Īgainst that backdrop, some TSX-listed gold stocks have responded positively. However, commentary from the Fed's March meeting indicates that officials still believe three rate cuts are likely in 2024. Heading into the second quarter, a turnaround from the Fed isn't expected until the summer.
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