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By: Brien Lundin
Gold Newsletter

Midas Gold (MAX.TO; MDRPF.PK; C$1.07) has been demonstrating that news flow isn’t everything. Especially when your company controls a multimillion-ounce gold deposit in a safe mining district.

Midas’ Stibnite gold project in Idaho is the kind of project that major mining companies salivate over. So, in spite of a dearth of news recently, Midas Gold’s share price has enjoyed a three-fold increase since the beginning of the year.

The company completed a C$55.2 million financing in March and is moving steadily toward generating feasibility and permitting studies on Stibnite. The latest word from the company is that it has begun feasibilitylevel metallurgical test work on the project that will continue through Q2 2017.

News may come at a premium with this company, but the in situ value (and Midas’ potential as a takeout target), makes the company one to watch closely, even after all the appreciation it has enjoyed this year. It’s a hold for now, but a buy on any significant weakness.

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The above is an excerpt from GOLD NEWSLETTER August 2016 Issue. 

Gold Newsletter stands as the oldest and most respected precious metals and mining stock advisory in the world.

Now in its fifth decade, Gold Newsletter continues to provide in-depth monthly analysis of the precious metals market and timely recommendations of high-potential, undervalued and under-reported mining and exploration shares. Click here to learn more.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25669.30 0.43%
S&P 500 2753.17 0.75%
NASDAQ 7816.33 0.13%
TSX 16323.71 0.60%
TSX-V 678.01 0.00%

Resource Commodities

Name Last Change
Gold 1184.72 0.81%
Silver 14.81 1.28%
Copper 2.62 0.000
Platinum 790.14 0.000
Oil 65.91 0.68%
Natural Gas 2.95 1.29%
Uranium 25.80 1.71%
Zinc 1.05 0.00%

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