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Plus, market’s brutal response to Red 5’s production downgrade ignores the bigger game

It is a good time to be boldly looking beyond the current vapourisation of equity values in response to the coronavirus pandemic to secure what with time, will (hopefully) be seen as astute pick-ups. Mind you, you’ve got to have the readies to do it. That’s not a problem for Andrew “Twiggy” Forrest. Because iron ore has managed to hold at elevated levels, and because China is reportedly getting back to work while the Western world goes in to quarantine, he is in line to collect a $1.58 billion annual dividend cheque for the 2020FY from Fortescue Metals (ASX:FMG).

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If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride

If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride, up one day, down the next. That might sound like stating the obvious after recent economic, political and public health events but now comes the reckoning as a tug of war develops between wounded bulls keen to sell, perhaps to cover margin loans, and bargain hunters looking for cheap buys.

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De Grey’s drilling has increased both sulphide and gold mineralisation at the Hemi discovery

De Grey’s drilling has increased both sulphide and gold mineralisation at the Hemi discovery (reports Stockhead). If you had put your hard-earned cash into De Grey Mining (ASX:DEG, 11% owned by DGO Gold, ASX: DGO) at the beginning of this year, you would not only have avoided the COVID-19 induced panic selling on markets, you would be ahead more than 350 per cent.

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Newcrest Mining's gold production will slump to the lowest level since 2013, after poor performance at the Lihir and Telfer mines forced the nation's biggest gold miner into a huge downgrade (reports The Australian Financial Review). Difficult mining conditions at Papua New Guinea's Lihir mine triggered a series of events that will ensure annual gold production from the mine will be between 17 per cent and 20 per cent lower than previously expected.

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As the Australian dollar gold price continues to hover around record all-time highs above $2500/oz amidst the global coronavirus panic, it seems hard to fathom an investor harbouring negative sentiment towards the sector...

As the Australian dollar gold price continues to hover around record all-time highs above $2500/oz amidst the global coronavirus panic, it seems hard to fathom an investor harbouring negative sentiment towards the sector (reports The West Australian).

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Another round of outstanding drilling results fires up De Grey and its leading shareholder DGO Gold while Kairos reminds investors it has a gold project just down the road

The Pilbara Craton’s ranking as a gold province has long suffered in comparisons with the Yilgarn down south. Its 8 million-ounce gold endowment compared with the Yilgarn’s 200Moz says as much, even if the Pilbara has all the same ingredients that has made the Yilgarn one of the world’s great gold regions. But things are stirring in the Pilbara, ignoring for the time being the over-promotion in 2017/18 of its Witwatersrand conglomerate gold potential.

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Northern Star, Orecorp, Silver Lake, Bellevue, Saracen and Red 5: A six-pack of the best from the sector

The old saying about gold loving a crisis has never been more true, and while that’s easy to see thanks to the turmoil triggered by fear of the China coronavirus, it is less easy to understand why gold has surged and retreated several times in recent weeks. No-one can claim to know the reason for each upward and downward move in the gold price; the metal is exposed to so many forces that any one of them could be the driver at a particular time.

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Battery Minerals has acquired a prospective copper-gold project in Victoria after battling to lock in financing for its graphite projects in Mozambique

Battery Minerals has acquired a prospective copper-gold project in Victoria after battling to lock in financing for its graphite projects in Mozambique (reports The West Australian).

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