Mining Stock Daily
Morning Briefing: Elemental Altus Royalties Eye a 50% Increase in 2025 Adjusted Revenue
Apr 17, 2025
The hosts dive into a recent spike in gold prices, attributing it to U.S.-China trade tensions. Exploration successes shine with impressive drill results from Awale Resources and strong copper figures from Premium Resources. Elemental Altus Royalties reveals year-end financial results, hinting at significant revenue growth. Meanwhile, Li-FT Power kicks off an environmental data program for its lithium project, underscoring the importance of responsible mining practices. This lively discussion sets the stage for exciting developments in the mining sector!
08:47
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Quick takeaways
- Gold has reached record highs due to economic uncertainties and a declining U.S. dollar, raising concerns about potential dollar crashes.
- Recent promising drilling results from various mining companies indicate significant mineralization, enhancing growth prospects and resource expansion opportunities.
Deep dives
Gold Price Surge Amid Economic Factors
Gold reached a record high of $3,346 per ounce amidst escalating economic uncertainties, particularly due to the worsening U.S.-China trade war. This marked the 24th time this year that gold has hit a new peak, with significant gains occurring while Western markets were inactive. The decline of the U.S. dollar, which dropped 0.5% against major currencies, contributed to gold’s ascent, highlighting concerns among investment managers regarding the potential for a dollar crash. The gold-silver ratio remains elevated at 1.02, indicating that silver's performance has not kept pace with gold’s significant price advancements.
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