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!
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INSIGHT

Gold Hits Another Record High

  • Gold smashed another record high above $3,300 per ounce amid active accumulation in Asia.
  • This marked the 24th record high for gold already this year, underlining strong bullish momentum.
INSIGHT

Dollar Weakness Adds Risk

  • The U.S. dollar slipped 0.5% amid escalating U.S.-China trade tensions, hitting a three-year low.
  • This dollar weakness is creating a new tail risk for global investment managers, according to Bank of America.
ADVICE

Watch Awale's Charger Zone Progress

  • Investors should monitor Awale Resources' expanding Charger Zone with new high-grade gold intercepts.
  • Await pending assays from deeper drill holes targeting additional high-grade mineralization.
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