Features , Spotlight

This North American miner and explorer represents a golden investment opportunity…

22 Apr 2021 | by: Patricia Miller

Fiore Gold – Firing on all cylinders as gold prices rise

FIORE GOLD TSXV:F | OTC:FIOGF | FSE:2FO

Following a dip from record highs hit last year, gold prices are once again on the rise.

Indeed, the threat of rapid global inflation in the face of unprecedented fiscal and monetary stimulus—which began during the pandemic and continues to this day—looms large.

As the go-to hedge against this sort of inflationary pressure, gold’s popularity is growing with many in the market.

Critically, rising prices also favor the companies that explore for and mine the precious yellow metal around the world.

This creates a particularly excellent backdrop when such companies are also taking operational steps forward and repeatedly delivering on their plans.

It’s a perfect set of macro and micro circumstances that can often generate a good value proposition.

And one example of just such an opportunity is Fiore Gold.

Fresh off the back of a stronger quarter, and with expansion on the way, Fiore’s US projects have a great deal to offer investors.


To read more about Fiore Gold’s plans to become a 150,000 ounce-a-year producer, download our EXCLUSIVE REPORT


Expanding Pan’s production

In figures released last week, Fiore revealed that its gold production had increased by 19% to 10,915 ounces (“oz”) during its second fiscal quarter, a solid improvement on fiscal Q1 after proactively addressing some operational issues.

What’s more, this output—which came entirely from the firm’s Pan open pit mine in Nevada—trended steadily upwards through the three-month period. Indeed, after hitting 3,294ozs in January, gold loaded to carbon climbed to 3,483ozs in February before reaching 4,155ozs in March.

It’s an encouraging sign, suggesting the mine entered the current quarter while operating at its stronger historic run rate.

Even better, Fiore also revealed that it has beenmaking great progress on enhancing production at Pan.

The project uses “heap leaching” – a production process by which a dilute cyanide solution is dripped through large quantities of gold-bearing ore, dissolving the precious metal so it can subsequently be collected and recovered.

Fiore said it has now expanded the size of the leach pad on which it can complete heap leaching at Pan. And it expects to begin gold recovery from this new section in the current quarter—the third of its fiscal year.

Critical point is, heap leach pads are at their most efficient when they are new. This means Fiore’s efforts will likely have an immediate, positive impact on the rate of its gold recovery over the short-term.

Huge potential from exciting projects

FIORE GOLD TSXV:F | OTC:FIOGF | FSE:2FO

Fiore hasn’t only been pushing forward at Pan.

The company has also been continuing to push forward at Gold Rock – its second Nevada-based project, which is federally permitted and expects to reach production by 2024.

Excitingly, Gold Rock is based just 10 kilometers away from Pan, allowing it to make use of that project’s existing infrastructure.

This obviously saves Fiore a great deal in capex costs. But it also puts the company well on its way to operating the two projects in unison, effectively doubling its production capacity in Nevada once Gold Rock is constructed.

As confirmed last week, Fiore has been completing a program of resource expansion, metallurgical, geotechnical, and condemnation drilling at Gold Rock in support of a Feasibility Study.

And as part of this, the company revealed an extremely strong set of new drill holes at the end of March.

Specifically, its latest round of drilling revealed a range of wide, higher-grade intercepts alongside defined mineralization extending for at least 400 meters past the northern end of currently-defined mineralization. The work also identified a new discovery of oxide gold mineralization at Jasperoid Creek, around 1.4 kilometers to the north of the existing Gold Rock preliminary economic assessment (“PEA”) pits.


READ OUR EXCLUSIVE REPORT to learn why Fiore Gold could be one of the most exciting gold stocks on the market today


Critically, many of Fiore’s latest holes intercepted gold grades significantly higher than the 0.66 grams per tonne (“g/t”) indicated gold grade it usedin its PEA for Gold Rock. Of note, drill intercepts included 45.7 metres of 2.01 g/t gold and 42.7 metres of 1.17 g/t gold.

The development continues to support the company’s belief in the project’s potential.

And that’s extremely important, given Gold Rock will be a key ingredient in achieving Fiore’s headline corporate goal of becoming a 150,000 ounce per year gold producer. Alongside this, the firm plans to also keep extending gold production at Pan by increasing its resource and reserve base while also acquiring additional, new assets that are at or near production.

Bottom line is, with such strong ambitions and clear plans for how to achieve them, Fiore is a compelling proposition.

What’s more, the time to buy could hardly be better.

Aside from recent progress and advancing gold prices, Fiore’s sharesstill remain below the highs of C$1.70 they hit last year after a slightly weaker fiscal Q1 resulting from pH issues during the leaching process.

However, with recent news releases from Fiore and upwards momentum already prompting shares to bounce from C$0.95 to C$1.27 in the last month alone, the market appears to once again be recognizing the excellent growth potential Fiore presents.

As Fiore continues to deliver on its plans, it seems well placed to cross more exciting milestones.


IMPORTANT NOTICE AND DISCLAIMER

PAID ADVERTISEMENT

This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Fiore Gold to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of forty thousand US dollars to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.

CHANGES IN SHARE TRADING AND PRICE

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.

NO OFFER TO SELL OR BUY SECURITIES

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.

INFORMATION

Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.

This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.

NO FINANCIAL ADVICE

The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.

FORWARD LOOKING STATEMENTS

This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.

TERMS OF USE AND DISCLAIMER

By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact valuethemarkets.com to discontinue receiving future communications.

INTELLECTUAL PROPERTY

All trademarks used in this communication are the property of their respective trademark holders. Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com.

AUTHORS: VALUETHEMARKETS

valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above.

Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

  • Patricia Miller does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.
  • Patricia Miller has not been paid to produce this piece by the company or companies mentioned above.

RNS Responses