• LN is up 43% since our previous report in September 2024. This update report was primarily triggered by the recent revision of our long-term (2028+) gold price forecast. After updating our forecast models to reflect the relationship between 2024 gold prices, and key statistically significant factors such as the U.S. M2 money supply, inflation, and the US$, we are raising our long-term gold price forecast from $1,600/oz to $2,000/oz.
  • LN is pursing a resource expansion drill program at its Imbo project in the Democratic Republic of the Congo (DRC). Imbo hosts three open-pittable deposits (Adumbi, Kitenge, and Manzako) and multiple high-interest targets. The project is 220 km from Barrick’s (TSX: ABX) Kibali mine, the largest gold mine in Africa, and has mining permits in place