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Mining Stock Daily
Morning Briefing: More High-Grade Drill Results from both Collective Mining and NGEx Minerals
Mar 13, 2025
Recent drill results from Collective Mining and NGEx Minerals shine a light on high-grade discoveries. The hosts discuss a positive outlook for the mining market, with gold and silver prices on the rise. Key updates also come from Fortuna Mining and Ridgeline Minerals. American Eagle Gold has taken full ownership of NAK, marking a significant shift for the company. Tune in for insights into these promising developments and what they mean for the industry.
08:52
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Quick takeaways
- The recent rebound in stock markets has significantly influenced precious metals prices, with gold nearing its all-time high of $2,928 per ounce.
- Promising drill results from Collective Mining and NGEX Minerals indicate substantial expansions in mineral discoveries, highlighting high-grade gold and copper equivalents.
Deep dives
Market and Precious Metals Update
Recent developments in the stock markets have led to a rebound, significantly impacting precious metals prices. Gold prices increased by 0.9% to close at $2,928 per ounce, nearing its all-time high as increased purchases from Bolivia's state gold trader aim to boost the country's foreign reserves. Additionally, Macquarie has raised its gold price forecast to $3,500 an ounce by the third quarter, indicating strong future potential for gold. Silver also saw a rise, gaining 1.8% to reach $33.74 per ounce, suggesting the possibility of an explosive upward movement if it manages to break through existing resistance levels.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode