LAS VEGAS, June 05, 2024 — Global Financial Markets Communications News Commentary – Recent months have seen the gold price move decisively into a higher trading range, and momentum return to the precious metals mining sector following three years of consolidation.
Public companies active in the gold sector include: Seahawk Gold , Barrick Gold , Newmont Corporation , Agnico Eagle Mines .Analysts expect gold prices to be supported above the $2,000-per-ounce level in 2024, driven by expectations of a more accommodative monetary policy from the Federal Reserve. This sentiment has been amplified by slowdowns in inflation and a cooling job market. Lower interest rates could lead to a weaker U.S.
Seahawk Gold Corp. has announced that the company is planning further exploration for its two properties in the Quevillon-Windfall area of north-western Quebec. Seahawk Gold has engaged Earthlabs Inc. to review and compile all data on the Touchdown and Blitz Properties. GoldSpot is a technology company using Artificial Intelligence to revolutionize the future of Global Mineral Exploration with a full suite of data and knowledge driven SAAS tools and services.Barrick Gold recently reported its first quarter results which were in line with guidance and position the Company well to meet its full year targets.
“Newmont delivered a strong first quarter operational performance, producing 2.2 million gold equivalent ounces and generating over $1.4 billion in cash from operations before working capital changes,” said Tom Palmer, Newmont’s President and Chief Executive Officer. Agnico Eagle Mines Limited recently reported financial and operating results for the first quarter of 2024.