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Solstice Gold Corp V.SGC.W


Primary Symbol: V.SGC Alternate Symbol(s):  SGCPF

Solstice Gold Corp. is a Canada-based exploration company with district-scale gold and lithium projects. Its 35 square kilometers (km2) Strathy Gold Project hosts high grade gold mineralization over a wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of the Superior Craton. Its Qaiqtuq Gold Project covers 662 km2, hosts a 10 km2 high grade gold boulder field, is fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine Gold Mine owned by Agnico Eagle Mines Limited. The Company's district-scale Atikokan Gold Project is approximately 26 km from the Hammond Reef Gold Project owned by Agnico Eagle Mines Limited. Its 194 km2 Red Lake Extension (RLX) and New Frontier projects are located at the northwestern extension of the prolific Red Lake Camp in Ontario and approximately 45 km from the Red Lake Mine Complex owned by Evolution Mining.


TSXV:SGC - Post by User

Bullboard Posts
Comment by StockExpertProon Jan 23, 2014 3:47am
150 Views
Post# 22123785

RE:Gold, Silver and Copper Prices are Drifting Lower

RE:Gold, Silver and Copper Prices are Drifting LowerThe economic viability of the Sunridge Gold project could become a problem if copper prices drop below $3.25lb. Nevsun is commissioning a full scale open pit copper mine into production. This will contribute to the copper surplus and create a glut on the market. What investors on this message board fail to understand is that two things have happened since Nevsun went into production in 2011. Overall costs and expenses for junior mining companies like Sunridge Gold have gone way up. Plus gold and other metal prices have taken a big hit and dropped lower. This is not a good combination. In my opinion SGC management needs to initiate cost cutting measures to reduce the cash burn rate in order to compensate for falling metal prices. This should include reducing bloated salaries and compensation of company directors. My main concern currently is what happens if the FED does another $10 billion taper next week. Things could get ugly if gold prices take another big hit next week. - Source - https://finviz.com/futures.ashx Read more at https://www.stockhouse.com/companies/bullboard/v.sgc/sunridge-gold-corp#B41suCwAcqSBujIC.99
Bullboard Posts