The gold price bounced back this week above $US1,800/oz, but remains 11 per cent down on highs set in August.
So, where do gold and silver go from here?
Up, says Metals Focus. Significantly.
The precious metals consultancy – like almost everyone else — reckons macroeconomic conditions will continue to favour gold and silver investors in 2021.
“Precious metals have come under significant pressure recently as investors revisit cyclical stocks after news of the vaccine started to come through,” Metals Focus director Neil Meader says.
“But we doubt whether this will be sustained. It will take time for the vaccine to be widely deployed.”
This plus geopolitical risks and rising inflation expectations should continue to underpin gold investment.
The gold price is forecast to regain the $US2,000 threshold before challenging $US2,300 next year, Meader says.
“Once the gold rally resumes, tactical buying will help fuel further price gains for silver,” he says.
Silver is projected to trade well above $30 in 2021, he says, with the annual average rising by 40 per cent to $US28.60.
Winners & Losers
Here’s how ASX-listed gold stocks performed November 30 – December 04 [intraday].
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
| CODE | COMPANY | WEEKLY CHANGE % | YEARLY CHANGE % | PRICE [intraday Friday] | MARKET CAP |
|---|---|---|---|---|---|
| SI6 | SI6 Metals | 83 | 450 | 0.0165 | $ 16,639,000.07 |
| SRN | Surefire Resources | 65 | 1600 | 0.051 | $ 37,244,210.64 |
| PUR | Pursuit Minerals | 50 | 222 | 0.032 | $ 15,447,046.08 |
| VKA | Viking Mines | 39 | 235 | 0.029 | $ 9,097,817.82 |
| SNG | Siren Gold | 36 | 0 | 0.75 | $ 41,366,279.50 |
| DTR | Dateline Resources | 33 | 0 | 0.002 | $ 16,420,156.15 |
| GWR | GWR Group | 33 | 168 | 0.22 | $ 53,240,762.64 |
| M2R | Miramar | 29 | 0 | 0.36 | $ 14,146,219.20 |
| NUS | Nusantara Resources | 27 | -18 | 0.325 | $ 71,074,632.17 |
| LNY | Laneway Resources | 25 | 7 | 0.0075 | $ 28,312,994.50 |
| ZNC | Zenith Minerals | 22 | 159 | 0.14 | $ 44,154,004.50 |
| TTM | Titan Minerals | 19 | -31 | 0.125 | $ 122,669,460.98 |
| AMG | Ausmex Mining | 18 | -48 | 0.046 | $ 25,188,142.26 |
| CLA | Celsius Resources | 18 | 229 | 0.046 | $ 36,670,249.81 |
| A1G | African Gold | 17 | -2 | 0.165 | $ 5,650,477.92 |
| PUA | Peak Minerals | 17 | 79 | 0.027 | $ 14,787,910.69 |
| LCY | Legacy Iron Ore | 17 | 218 | 0.007 | $ 37,483,431.10 |
| CBY | Canterbury Resources | 16 | -45 | 0.11 | $ 9,681,649.45 |
| CAI | Calidus Resources | 16 | 153 | 0.595 | $ 156,125,313.50 |
| TIE | Tietto Minerals | 15 | 63 | 0.425 | $ 192,019,443.80 |
| AAJ | Aruma Resources | 14 | 167 | 0.008 | $ 11,125,897.33 |
| WGX | Westgold Resources | 13 | 28 | 2.52 | $ 1,059,638,175.00 |
| AVW | Avira Resources | 13 | 350 | 0.009 | $ 12,375,360.00 |
| WAF | West African Resources | 12 | 134 | 0.96 | $ 852,246,647.27 |
| DEG | De Grey Mining | 12 | 2510 | 1.13 | $ 1,431,824,868.32 |
| RGL | Riversgold | 12 | 360 | 0.046 | $ 17,808,643.85 |
| OKR | Okapi Resources | 12 | 19 | 0.19 | $ 6,127,287.22 |
| MKR | Manuka Resources | 12 | 0 | 0.475 | $ 31,883,448.08 |
| MEU | Marmota | 12 | 118 | 0.048 | $ 46,489,617.12 |
| RVR | Red River Resources | 12 | 107 | 0.29 | $ 150,154,566.43 |
| GIB | Gibb River Diamonds | 11 | 574 | 0.155 | $ 33,841,511.20 |
| CYL | Catalyst Metals | 11 | -15 | 2.71 | $ 225,179,184.60 |
| KSN | Kingston Resources | 11 | 142 | 0.315 | $ 68,159,521.97 |
| GML | Gateway Mining | 10 | 88 | 0.032 | $ 60,999,713.15 |
| CEL | Challenger Exploration | 10 | 207 | 0.215 | $ 116,009,707.59 |
| VRC | Volt Resources | 10 | -8 | 0.011 | $ 23,291,109.11 |
| PNM | Pacific Nickel Mines | 10 | -45 | 0.055 | $ 7,344,453.16 |
| OKU | Oklo Resources | 10 | 76 | 0.22 | $ 115,819,523.58 |
| PRX | Prodigy Gold | 10 | -27 | 0.057 | $ 32,515,145.94 |
| BRV | Big River Gold | 9 | 247 | 0.059 | $ 78,994,976.28 |
| RMX | Red Mount Mining | 9 | 100 | 0.012 | $ 12,444,547.38 |
| AOP | Apollo Consolidated | 9 | 40 | 0.3 | $ 82,074,154.95 |
| MKG | Mako Gold | 9 | 45 | 0.12 | $ 29,491,605.79 |
| TMZ | Thomson Resources | 9 | 241 | 0.087 | $ 26,707,218.30 |
| TAR | Taruga Minerals | 9 | 194 | 0.05 | $ 22,402,873.79 |
| NAE | New Age Exploration | 8 | 333 | 0.013 | $ 13,329,364.92 |
| ONX | Orminex | 8 | -73 | 0.026 | $ 14,016,656.37 |
| GRL | Godolphin Resources | 8 | 0 | 0.27 | $ 21,536,186.58 |
| MZZ | Matador Mining | 8 | 35 | 0.345 | $ 57,023,284.27 |
| CTO | Citigold Corp | 8 | 180 | 0.014 | $ 37,459,424.93 |
| AWV | Anova Metals | 8 | 218 | 0.028 | $ 37,260,449.20 |
| GMN | Gold Mountain | 7 | -41 | 0.044 | $ 32,057,146.62 |
| BAT | Battery Minerals | 7 | 275 | 0.0225 | $ 48,178,929.58 |
| EMR | Emerald Resources | 7 | 55 | 0.64 | $ 324,700,240.41 |
| AAR | Anglo Australian | 7 | 76 | 0.15 | $ 88,351,257.60 |
| FFX | Firefinch | 7 | 118 | 0.155 | $ 121,195,623.91 |
| HXG | Hexagon Energy | 7 | -10 | 0.064 | $ 17,838,437.22 |
| SPQ | Superior Resources | 7 | 184 | 0.016 | $ 17,863,561.23 |
| DGO | DGO Gold | 7 | 247 | 3.09 | $ 210,140,244.00 |
| SSR | SSR Mining | 6 | 0 | 26.41 | $ 427,778,099.84 |
| AME | Alto Metals | 6 | 209 | 0.105 | $ 42,005,518.07 |
| AGG | AngloGold Ashanti | 6 | 8 | 6.15 | $ 548,627,754.75 |
| RXL | Rox Resources | 6 | 184 | 0.054 | $ 110,690,737.00 |
| GNM | Great Northern | 6 | 100 | 0.018 | $ 15,434,633.27 |
| CWX | Carawine Resources | 6 | 15 | 0.275 | $ 28,855,824.03 |
| PRU | Perseus Mining | 6 | 29 | 1.2 | $ 1,452,877,390.95 |
| MEG | Megado | 6 | 0 | 0.185 | $ 7,279,259.57 |
| GTR | GTI Resources | 6 | 138 | 0.019 | $ 11,556,323.96 |
| TAM | Tanami Gold | 6 | 100 | 0.076 | $ 88,132,278.45 |
| BGL | Bellevue Gold | 6 | 169 | 1.33 | $ 1,164,770,538.01 |
| AAU | Antilles Gold | 5 | 82 | 0.06 | $ 11,708,498.94 |
| ALY | Alchemy Resources | 5 | 71 | 0.02 | $ 12,772,625.61 |
| MML | Medusa Mining | 5 | 11 | 0.78 | $ 161,040,583.28 |
| HWK | Hawkstone Mining | 5 | 50 | 0.0105 | $ 15,115,734.42 |
| LEX | Lefroy Exploration | 5 | 14 | 0.21 | $ 23,860,266.60 |
| NML | Navarre Minerals | 5 | 112 | 0.21 | $ 116,732,562.47 |
| CDT | Castle Minerals | 5 | 22 | 0.011 | $ 8,057,509.00 |
| SAU | Southern Gold | 5 | -44 | 0.11 | $ 22,399,519.38 |
| DRE | Dreadnought Resources | 5 | 283 | 0.023 | $ 54,284,338.58 |
| ALK | Alkane Resources | 5 | 79 | 1.04 | $ 622,181,296.00 |
| YRL | Yandal Resources | 4 | 87 | 0.47 | $ 36,773,538.37 |
| ARV | Artemis Resources | 4 | 314 | 0.12 | $ 130,727,896.46 |
| SLZ | Sultan Resources | 4 | 289 | 0.245 | $ 17,035,925.31 |
| PKO | Peako | 4 | 12 | 0.025 | $ 4,609,300.25 |
| KAI | Kairos Minerals | 4 | 302 | 0.0375 | $ 56,962,735.58 |
| AUT | Auteco Minerals | 4 | 1011 | 0.1 | $ 156,717,893.60 |
| SVY | Stavely Minerals | 4 | -10 | 0.9 | $ 237,474,921.32 |
| REZ | Resources & Energy Group | 4 | 80 | 0.054 | $ 23,742,443.40 |
| RDN | Raiden Resources | 4 | 350 | 0.027 | $ 15,131,168.63 |
| AXE | Archer Materials | 4 | 315 | 0.54 | $ 120,287,552.11 |
| SLR | Silver Lake Resources | 4 | 54 | 1.82 | $ 1,608,874,949.88 |
| AMI | Aurelia Metals | 4 | 4 | 0.43 | $ 469,798,884.35 |
| MHC | Manhattan Corp | 4 | 383 | 0.029 | $ 38,462,082.10 |
| GOR | Gold Road Resources | 3 | 16 | 1.26 | $ 1,121,904,053.70 |
| ARN | Aldoro Resources | 3 | -3 | 0.16 | $ 9,957,120.45 |
| KTA | Krakatoa Resources | 3 | 67 | 0.065 | $ 18,410,700.00 |
| TNR | Torian Resources | 3 | 186 | 0.033 | $ 24,684,470.62 |
| CMM | Capricorn Metals | 3 | 52 | 1.7 | $ 584,757,171.90 |
| DCN | Dacian Gold | 3 | -59 | 0.35 | $ 197,560,536.67 |
| DTM | Dart Mining | 3 | 91 | 0.185 | $ 17,990,185.68 |
| HMX | Hammer Metals | 3 | 41 | 0.038 | $ 27,539,809.07 |
| BCN | Beacon Minerals | 3 | 9 | 0.038 | $ 106,071,861.81 |
| ERM | Emmerson Resources | 3 | -37 | 0.079 | $ 37,179,748.30 |
| SVL | Silver Mines | 3 | 138 | 0.205 | $ 215,574,173.22 |
| HRN | Horizon Gold | 2 | 113 | 0.44 | $ 38,631,448.68 |
| CAZ | Cazaly Resources | 2 | 92 | 0.046 | $ 16,231,197.02 |
| NWM | Norwest Minerals | 2 | -42 | 0.098 | $ 10,230,976.83 |
| KCN | Kingsgate Consolidated | 2 | 94 | 0.785 | $ 177,587,362.90 |
| TSO | Tesoro Resources | 2 | 626 | 0.295 | $ 122,037,890.19 |
| ANX | Anax Metals | 2 | 485 | 0.065 | $ 18,315,424.12 |
| RMS | Ramelius Resources | 1 | 76 | 1.76 | $ 1,460,276,165.13 |
| VAN | Vango Mining | 1 | -53 | 0.073 | $ 71,538,678.29 |
| BDC | Bardoc Gold | 1 | -4 | 0.074 | $ 128,087,145.82 |
| NCM | Newcrest Mining | 1 | -7 | 27.24 | $ 22,569,622,599.76 |
| MAU | Magnetic Resources | 1 | 130 | 1.16 | $ 252,803,511.09 |
| CDV | Cardinal Resources | 0 | 258 | 1.08 | $ 578,210,904.68 |
| AYM | Australia United Mines | 0 | 200 | 0.009 | $ 16,583,197.37 |
| ANL | Amani Gold | 0 | -25 | 0.0015 | $ 9,386,996.75 |
| MLS | Metals Australia | 0 | 33 | 0.002 | $ 8,381,807.15 |
| CST | Castile Resources | 0 | 0 | 0.29 | $ 52,923,182.07 |
| ADV | Ardiden | 0 | 425 | 0.021 | $ 44,584,299.56 |
| SIH | Sihayo Gold | 0 | 22 | 0.02 | $ 67,678,315.38 |
| MOH | Moho Resources | 0 | 119 | 0.105 | $ 7,494,653.60 |
| AGS | Alliance Resources | 0 | 93 | 0.19 | $ 33,877,015.20 |
| CXU | Cauldron Energy | 0 | 40 | 0.035 | $ 16,127,982.43 |
| CGN | Crater Gold Mines | 0 | 40 | 0.021 | $ 25,777,413.21 |
| DCX | Discovex Resources | 0 | -14 | 0.006 | $ 7,176,984.46 |
| HAW | Hawthorn Resources | 0 | 98 | 0.1 | $ 32,684,530.07 |
| HRZ | Horizon | 0 | 8 | 0.105 | $ 59,637,396.00 |
| KAU | Kaiser Reef | 0 | 0 | 0.41 | $ 10,957,250.41 |
| KGM | Kalnorth Gold | 0 | 225 | 0.013 | $ 11,625,120.78 |
| KRM | Kingsrose Mining | 0 | 24 | 0.036 | $ 27,740,279.38 |
| MSR | Manas Resources | 0 | 180 | 0.007 | $ 16,561,641.59 |
| NPM | Newpeak Metals | 0 | 0 | 0.003 | $ 14,004,487.53 |
| TMX | Terrain Minerals | 0 | 200 | 0.012 | $ 8,829,132.11 |
| TSC | Twenty Seven Co. | 0 | 20 | 0.006 | $ 12,717,925.28 |
| VMC | Venus Metals | 0 | 19 | 0.22 | $ 35,503,490.51 |
| DAU | Dampier Gold | 0 | 220 | 0.064 | $ 18,271,760.32 |
| STN | Saturn Metals | 0 | 109 | 0.7 | $ 77,009,802.10 |
| BRB | Breaker Resources | 0 | -43 | 0.175 | $ 55,392,957.93 |
| MAT | Matsa Resources | 0 | -8 | 0.12 | $ 32,537,605.08 |
| KWR | Kingwest Resources | 0 | -3 | 0.17 | $ 26,127,955.86 |
| EMU | EMU NL | 0 | -9 | 0.042 | $ 14,847,228.31 |
| LCL | Los Cerros | 0 | 19 | 0.125 | $ 56,223,542.64 |
| NSM | North Stawell | 0 | 0 | 0.475 | $ 19,000,000.00 |
| SBM | St Barbara | 0 | -2 | 2.53 | $ 1,833,931,096.40 |
| SFM | Santa Fe Minerals | 0 | 38 | 0.098 | $ 7,136,241.32 |
| AUC | Ausgold | 0 | 292 | 0.051 | $ 67,618,176.13 |
| MCT | Metalicity | 0 | 390 | 0.017 | $ 29,532,978.24 |
| GMR | Golden Rim Resources | 0 | -23 | 0.01 | $ 18,809,089.65 |
| EVN | Evolution Mining | -1 | 22 | 4.98 | $ 8,731,288,804.35 |
| TRY | Troy Resources | -1 | -21 | 0.087 | $ 62,225,420.28 |
| NST | Northern Star | -1 | 30 | 12.72 | $ 9,617,689,005.54 |
| GSN | Great Southern | -1 | -5 | 0.073 | $ 32,757,870.24 |
| CHN | Chalice Gold Mines | -2 | 2135 | 3.8 | $ 1,232,329,335.30 |
| WMX | Wiluna Mining | -2 | 22 | 1.47 | $ 146,687,608.90 |
| OBM | Ora Banda Mining | -2 | 83 | 0.29 | $ 252,242,329.50 |
| PDI | Predictive Discovery | -2 | 622 | 0.057 | $ 57,267,900.74 |
| MVL | Marvel Gold | -2 | -44 | 0.056 | $ 27,466,779.13 |
| AZS | Azure Minerals | -2 | 544 | 0.805 | $ 202,762,872.11 |
| SAR | Saracen | -2 | 57 | 4.76 | $ 5,383,115,421.48 |
| RED | Red 5 | -2 | -4 | 0.26 | $ 522,290,714.61 |
| TBR | Tribune Resources | -2 | 1 | 6.27 | $ 326,351,438.94 |
| CHZ | Chesser Resources | -2 | 219 | 0.22 | $ 90,006,948.68 |
| RRL | Regis Resources | -2 | -21 | 3.74 | $ 2,015,280,918.86 |
| SKY | SKY Metals | -2 | 125 | 0.2 | $ 49,329,965.60 |
| PNR | Pantoro | -2 | 33 | 0.2 | $ 295,763,627.88 |
| RML | Resolution Minerals | -2 | -20 | 0.04 | $ 11,737,843.24 |
| RSG | Resolute Mining | -3 | -32 | 0.78 | $ 872,075,237.74 |
| SMI | Santana Minerals | -3 | -34 | 0.185 | $ 19,381,554.60 |
| BNR | Bulletin Resources | -3 | 248 | 0.073 | $ 13,088,394.40 |
| BAR | Barra Resources | -3 | 41 | 0.031 | $ 20,328,243.03 |
| GBZ | GBM Rsources | -3 | 287 | 0.14 | $ 54,357,819.39 |
| AQI | Alicanto Minerals | -4 | 160 | 0.13 | $ 39,230,095.32 |
| GBR | Great Boulder Resources | -4 | 4 | 0.05 | $ 9,214,928.73 |
| WWI | West Wits Mining | -4 | 1117 | 0.073 | $ 88,779,287.26 |
| NAG | Nagambie Resources | -4 | 7 | 0.048 | $ 23,996,752.61 |
| OAU | Ora Gold | -4 | 20 | 0.024 | $ 21,861,975.77 |
| ARL | Ardea Resources | -4 | -27 | 0.44 | $ 57,451,761.90 |
| MGV | Musgrave Minerals | -5 | 322 | 0.405 | $ 195,812,836.85 |
| FAU | First Au | -5 | 100 | 0.02 | $ 10,761,692.72 |
| RND | Rand Mining | -5 | -15 | 1.99 | $ 119,695,465.25 |
| THR | Thor Mining | -5 | 200 | 0.018 | $ 8,365,910.22 |
| KZR | Kalamazoo Resources | -4 | 85 | 0.545 | $ 69,398,960.02 |
| ENR | Encounter Resources | -6 | 31 | 0.17 | $ 53,377,408.35 |
| FFR | Firefly Resources | -6 | 263 | 0.16 | $ 47,966,325.12 |
| AL8 | Alderan Resource | -6 | 188 | 0.092 | $ 24,610,482.25 |
| NES | Nelson Resources. | -6 | 9 | 0.059 | $ 6,773,326.38 |
| GSM | Golden State Mining | -7 | 252 | 0.215 | $ 12,743,145.00 |
| GED | Golden Deeps | -7 | -42 | 0.014 | $ 7,555,669.79 |
| GUL | Gullewa | -7 | 250 | 0.098 | $ 15,502,923.80 |
| AQX | Alice Queen | -7 | -10 | 0.027 | $ 30,558,179.93 |
| NXM | Nexus Minerals | -7 | 207 | 0.135 | $ 31,739,717.23 |
| NVA | Nova Minerals | -8 | 447 | 0.175 | $ 292,240,663.23 |
| BC8 | Black Cat Syndicate | -8 | 86 | 0.66 | $ 75,029,613.56 |
| PAK | Pacific American | -8 | -20 | 0.022 | $ 6,920,867.80 |
| BYH | Bryah Resources | -9 | 42 | 0.064 | $ 8,835,547.28 |
| G88 | Golden Mile Resources | -9 | 20 | 0.049 | $ 6,150,916.40 |
| FML | Focus Minerals | -10 | 47 | 0.33 | $ 63,048,254.93 |
| WCN | White Cliff Minerals | -10 | 460 | 0.028 | $ 14,479,775.77 |
| CY5 | Cygnus Gold | -10 | 400 | 0.175 | $ 18,912,267.15 |
| MEI | Meteoric Resources | -10 | 24 | 0.061 | $ 74,412,860.76 |
| S2R | S2 Resources | -11 | 117 | 0.25 | $ 77,148,338.86 |
| MRZ | Mont Royal Resources | -11 | 18 | 0.29 | $ 10,072,451.15 |
| MTC | Metalstech | -11 | 400 | 0.2 | $ 29,313,527.60 |
| BBX | BBX Minerals | -12 | 88 | 0.3 | $ 129,857,316.37 |
| MTH | Mithril Resources | -12 | 175 | 0.022 | $ 45,915,653.21 |
| TLM | Talisman Mining | -13 | 7 | 0.105 | $ 20,529,122.35 |
| E2M | E2 Metals | -13 | 267 | 0.66 | $ 104,760,884.20 |
| SBR | Sabre Resources | -14 | 280 | 0.0095 | $ 18,348,413.18 |
| RDS | Redstone Resources | -14 | 0 | 0.012 | $ 6,271,560.19 |
| MDI | Middle Island Resources | -14 | 140 | 0.012 | $ 33,370,171.73 |
| TRM | Truscott Mining Corp | -14 | 125 | 0.018 | $ 2,302,947.79 |
| ADN | Andromeda Metals | -19 | 344 | 0.24 | $ 499,904,568.24 |
| XTC | Xantippe Resources | -20 | 0 | 0.002 | $ 8,149,128.80 |
| DDD | 3D Resources | -25 | 200 | 0.0045 | $ 18,076,860.46 |
| STK | Strickland Metals | -40 | 300 | 0.06 | $ 25,206,091.26 |
| PRS | Prospech | 10 | 10 | 0.22 | $13,004,117.80 |
Small Cap Standouts
SI6 METALS (ASX:Si6) +83%
Market Cap: ~$16.6m
SI6 Metals (ASX:SI6) has the option to buy an early stage gold project in WA called Monument, which is interesting because it is nestled between recently announced merger partners Dacian Gold (ASX:DCN) and NTM Gold (ASX:NTM):
Miner Dacian will buy NTM for ~$96.4 million to consolidate its Mt Morgans operations with NTM’s Redcliff gold project, about 100km away.
Hitting something significant at Monument could place SI6 in the crosshairs for a takeover. A first pass RC drilling program is currently in the works.
SUREFIRE RESOURCES (ASX:SRN) +65%
Market Cap: ~$37m
In November 2019, disappointing results from a highly promising drilling program at the flagship Victory Bore project sent Surefire Resources’ (ASX:SRN) share price into a tailspin.
This week the WA explorer announced thick, high grade gold in its first ever drill program at the newly acquired Yidby project.
The stock is now up almost 1,200 per cent over the past six months. What a recovery.
VIKING MINES (ASX:VKA) +39%
Market cap: ~$9m
Minnow Viking Mines (ASX:VKA) is still charging after announcing plans to buy the historic high grade First Hit gold project on November 26.
The project includes the historical First Hit Mine and numerous advanced exploration targets, “each with the potential to be repeats of the First Hit Mine as no mining or exploration has been undertaken on the project for ~ 18 years”, the company says.
The 90-year-old First Hit mine last operated between 2001-2002, producing 30,830oz at grades of about 13g/t.
SIREN GOLD (ASX:SNG) +36%
Market Cap: ~$41m
NZ-focused explorer Siren Gold (ASX:SNG) is up almost +100 per cent since listing in November.
No news this week, but gold assays are pending from the ‘Big River’ project, where old timers produced about 136,000oz at an average recovered grade of 34g/t between 1880-1942.
More recent drilling by a previous company – which wasn’t followed up until now – hit 20m at 8.1g/t.
DATELINE RESOURCES (ASX:DTR) +33%
Market Cap: ~$16m
It’s been a tough year, says Dateline Resources (ASX:DTR).
COVID-19 travel restrictions meant the Aussie based, US-focused explorer had to shift its strategy “from aggressive exploration and development” to bunkering down until things changed.
On the upside, Dateline is optimistic about the development of its high grade Gold Links project in Colorado, which includes several historic gold mines.
“Dateline has initiated discussions with a number of US institutions to provide a long-term working capital facility that would enable the company to pursue its objective of developing the Gold Links project,” Dateline chairman Mark Johnson said December 4.
“Provided these discussions lead to success, the company will be able to move ahead rapidly with the planned development at the Gold Links properties.
“In addition to the above, the company assessed several USA based mining projects with a view to adding to our portfolio of gold properties in the USA.”