RE: Gold29 Mar 2024 09:18
Soma are on with bringing El Limon into production: they said in December that it would be late Q1/early Q2. The current statement is H1 24. They have repeatedly said they will produce 8,000oz in 2024, 12,000oz in 2025 and 16,000oz in 2026. My view is that them losing their CEO has slowed them down. Hopefully he comes back sooner rather than later.
If you take your shoes and socks off you might be able to work out what that means for RRR at current prices...
I could comment but I probably shouldn't because it would start all the trolls squealing. Let's see what next week brings.... it is not a holiday in DRC.
Anyway, no downside to the gold price being higher.
DYOR