TJ
Stock/Options Trader, Volume at Support/Resistance, Publisher of Volume Stocks Newsletter
B2Gold's new Mali permit opens Fekola Regional production, while completion of its gold prepay lets future ounces sell at spot. Fekola Regional is expected to add over 150,000 oz annually from 2028 into the mid-2030s; management expects significant free cash flow. The bull-flag setup watches $4.92 support. x.comÂ
B2Gold's Fekola permit problem was a known risk that everyone already understood, so the bear case was priced in. That differs from a leaked risk, like Hallador's power plant failure, which only some people knew about. x.comÂ
Sitka Gold is likely to be sold within the next few years for well over $1bn as major producers circle its growing gold discovery. It has found over 5 million ounces since 2022, and its current 50,000-meter drill program might add a few million more this year. Several major producers sent geologists and business development and evaluation specialists on a recent site visit and showed great interest. The market cap has already risen from under $15mln to over $300mln. x.com x.comÂ
Gold miners, unlike gold itself, turn a higher gold price into compounding cash returns. On a path to $8,000 gold, margins would widen far beyond today's roughly $2,400 an ounce even if all-in sustaining costs rose a third to $2,650. Free cash flow per share is at a record of about $15.70, roughly tripled since 2024, and the industry is buying back stock rather than mines, a combination never seen before. Relative to the S&P 500, miners have never been cheaper, not in 2008, 2015 or 2020. x.com … Show more
Gold miners have not yet priced in what record gold prices mean for the sector, and the window to get in is shrinking. Newmont beat Q1 profit estimates even though output fell, showing the gold price tailwind is covering operational shortfalls; earnings should rise further when production normalizes. The majors have pricing power they have not had in years and operating leverage is building, while most investors remain in tech. x.com x.comÂ
Gold miners Agnico Eagle, B2Gold and Newmont are worth buying aggressively because, per Willem Middelkoop (@wmiddelkoop), gold mining shares are dirt cheap again compared with gold. x.comÂ
Royal Gold is a strong buy because it owns the landlord's position in gold rather than operating the business. It finances miners in exchange for royalties and streams, collecting cash flow while someone else does the hard work, with no labor costs, equipment or environmental liability, just margins. x.comÂ
