There’s nothing quite like timing the release of a positive economic study on a gold project with that of gold hitting all time highs. Sometimes you just get lucky.
And that’s exactly what happened to Fury Gold Mines (TSX: FURY), who this week put out a preliminary economic assessment on their flagship Eau Claire project in Quebec, right as the spot price of gold was pushing new highs north of $3,500 an ounce.
As of the time of recording, the equity was up over 11% on the news, while peers experienced a smaller 2-3% bump on the positive gold price action. How much would Fury have jumped without gold hitting all time highs? Who knows, but we’ll take the win.
All right folks, lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
