Gold and Silver Updates

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We’ve solely simply coated gold’s rally to a multi-year high of US$1950, and as has historically been the case, silver is more likely to observe swimsuit.

Silver is at the moment priced at US$27.70 (AUD $35.72), a notable 22.6% improve from November lows of US$22.60 (AUD $29.13).

But, the value of this treasured steel nonetheless stays under highs of US$29.26 (AUD $37.73) achieved in August 2020, suggesting we might see a sustained outperformance within the close to to medium-term.

As COVID-19 induced volatility is more likely to weigh on markets properly into 2021, the dear metals are projected to stay a safe-haven goal for traders.

Thomson Sources’ (ASX:TMZ) twin publicity to gold and silver gives it with a formidable asset base, making it properly value contemplating within the present setting.

Thomson is a NSW targeted explorer, with an current gold portfolio and pending 100% acquisition of two transformational silver property within the first months of 2021.

In an organization replace supplied on December 24, Thomson suggested that its exploration drilling applications for 2020 had concluded and the due diligence on the Webbs and Conrad Silver tasks was nearing completion, with finalisation anticipated early January 2021.

In November, Thompson announced it was to acquire a 100% interest in the Webbs Silver Project and Conrad Silver Project in the New England Fold belt in NSW, with the acquisition offering Thomson with a mixed silver portfolio of about 33 million ounces.

The Webbs mission is Australia’s highest grade undeveloped silver asset and can be complemented by the Conrad Silver Challenge.

Like Webbs, Conrad holds historic significance because it has a really massive “in-ground worth”; one which the earlier proprietor demonstrated to have a price of virtually $1 billion.

Each tasks have seen historic silver manufacturing and have a useful resource outlined compliant with the JORC Code 2004 as follows:

  • Webbs: 1.5Mt @ 345g/t Ag Eq – 16.5 million ounces Ag Eq
  • Conrad: 2.65Mt @ 206g/t Ag Eq – 17.5 million ounces Ag Eq

Thomson is aiming to additional develop its silver useful resource base over the approaching months, each organically and through acquisitions.

The corporate at the moment has a market capitalisation of about $40 million, and having not too long ago raised $6 million, Thomson seems well-funded for close to time period exploration.

Except for silver, Thomson has quite a lot of high quality intrusion associated gold programs in NSW and Queensland, the place it’s enterprise intensive rolling drilling applications that construct on earlier excessive grade outcomes.

Thomson is concentrated on constructing a robust silver useful resource base in 2021, while being supported by current gold property, clearly exhibiting the potential for share worth upside within the coming yr.

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