Highlights KNC’s 13,025-hectare Stony Lake gold project is located within the Cape Ray/Valentine...
Read More
An updated resource estimate reflected an 82% increase to 2.45 Moz Au Eq (gold equivalent) vs the 2017 reserve/resource estimate of 1.35 Moz. 88% of the 2021 resource is in the M&I category. The significant increase in resources was a result of resource expansion at ATO-4 (one of three known mineralized pipes), inclusion of a maiden resource at Mungu, and lower cut-off grades amid higher gold prices.
Read MoreIn this video, our president Brian Tang explains value investing and growth investing. what type of investor are you? Value investing is an investment strategy that includes choosing stocks that appear to be trading for less than their intrinsic value, and growth investing is a stock-buying strategy that looks for companies that are expected to grow at an above-average rate compared to their industry.
Read MoreThe electric vehicle space continues to be the most actively discussed among retail investors. We also noted a decline in discussion on cannabis stocks. Global equity markets retreated last week primarily due to rising yields from a major sell-off in the bond market, amid expectations of an economic rebound and rising inflation expectations. Rising yields typically result in lower equity valuations (from higher discount rates), and higher borrowing costs. The P/E ratio of S&P 500 is currently 22.2x vs the long-term average of 15.3x (Source: Refinitiv). As we do not expect an economic recovery until H2-2021, we expect a market correction, and the P/E ratio to revert to its historic average.
Read More
The world’s two largest producers, Newmont and Barrick, recorded record revenue and EBITDA in 2020 due to stronger gold prices. Although both companies’ revenues were almost in line with our forecasts, their EPS fell below expectations due to higher than expected costs.
Read More