Entering text into the input field will update the search result below

Gold Mining Bull: Top News For April 2021



  • This is the top news for the gold and silver mining sector for the month of April 2021.
  • Barrick is set to re-open its Porgera gold mine.
  • Fortuna and Roxgold are merging. Is M&A about to heat up?
  • Get ready for an active May for gold and silver miners.
  • Looking for a helping hand in the market? Members of The Gold Bull Portfolio get exclusive ideas and guidance to navigate any climate. Learn More »
Mining Industry
Photo by Hello my names is james,I'm photographer./iStock via Getty Images

Gold Mining Bull: Top News For April 2021

(Gold miner's might have reached a yearly bottom in early March. Credit: StockCharts)

(Are gold miners still undervalued? It sure looks that way: The HUI-to-Gold ratio is 0.16X, well below the 0.64X ratio reached in

If you want more gold mining stock analysis, subscribe now to The Gold Bull Portfolio. I help my subscribers find the best money-making opportunities in the gold & silver sector. 

Receive frequent updates on gold mining stocks, access to all of my top gold and silver stock picks and my real-life gold portfolio, a miner rating spreadsheet with buy/hold/sell ratings and a list of top silver stocks. I offer a 37% discount on annual subscriptions vs. monthly, with a 30-day money back guarantee!

This article was written by

Gold Mining Bull profile picture

Gold Mining Bull is a gold analyst with more than a decade of investing experience in commodities, hard assets (gold and silver miners), exploration companies, oil and gas producers, MLPs, and more.

Gold Mining Bull is the leader of the investing group The Gold Bull Portfolio where he gives you exclusive access to his portfolio, buy/hold/sell ratings, in-depth research and actionable analysis on 150+ gold, silver, copper, natural gas, and mining stocks, and more. Learn More.

Analyst’s Disclosure: I am/we are long KL, GOLD, NFGFF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (19)

You forgot to mention that Equinox Gold finalized the takeover of Premier Gold Mines and i-80 Gold as a new, Nevada-oriented company was spun out. For me good news albait Premier shareholders seem to disagree.

Disclosure: long EQX
Nice article -- Thanks.

Last August I showed my charts of gold, silver, XAU [Phlox gold and silver Index], and showed my upside projections for XAU. Here is my current Weekly chart of XAU.


My upside projection is still the top of the slightly down trending trend channel -- at ~ 192. This correction took a lot longer than I expected - but it was very shallow and very well behaved - as shown in the Weekly chart above. There is a chance, after this long sideways correction, that XAU could run up to the top of the moderately steep uptrend channel with the light brown line - in the 230 - 250 range. If that were to take place, I would expect a significant correction from there.

To see why I am thinking we may turn up here, lets look at the daily chart of XAU.


The brown and the green channels are the same as shown on the Weekly chart. The thin line blue moderately downtrending channel is what we should look at closely here. It defines the movement of XAU since it started its correction in Aug 2020. Notice how shallow the correction has been. Also notice that the price broke out above the top of the downtrend channel on Apr15, pulled back to a little below the top of the channel, and today has rallied toward the high it made on April 22. If it can have some follow thru hare and can take that out, then there is a reasonable chance the correction is over and the uptrend has resumed.

If XAU starts up here, then I believe gold, silver and the PM mining stocks will all follow shortly thereafter.

One note of caution here. On Feb 21, 2021 there was a spike in silver and silver stocks. Ignore it !!!!! That was caused by a group of web based individuals who thought they could control the silver market.
I said above: ""One note of caution here. On Feb 21, 2021 there was a spike in silver and silver stocks. Ignore it !!!!! That was caused by a group of web based individuals who thought they could control the silver market.""

I checked that date out, and the date I cited above is wrong. It is more like the range of Jan28 to Feb 2, 2021.
XAU closed above the April 22 high I referred to above as a further bullish signal. So far - so good. TIPS recently resumed their up trend, DXY is moving down again, Copper is on a tear to the upside. This is all good for gold,silver.
Thank you - useful article. I'd second your suggestion to keep an eye on Montage which I've just added to my watch-list. It appears to have been a JV spun out from Orca Gold (which I hold) in October 2020 and has Inferred Resources of 3.16m @0.8g/t with o/p planned. Mine is located between Roxgold's Seguela and Endeavour Mining's Wahgnion. Shareholders include: Orca 31%, Lundin family 6.8% and Sandstorm Gold 5.4%.
A Roxgold shareholder, the merger is stupid and the market reacted appropriately. No synergies as you mentioned, FSM shareholders don't like the Africa risk and Roxgold shareholders are being acquired (now with little premium after FSM's share price decline) by an overvalued silver miner. I'll be voting no and hope someone else steps with a real, all cash offer.
JSRR1950 profile picture
Your news and insights are much appreciated. In addition to Osisko, I’m interested in news on Wallbridge as I came in from the Balmoral merger, Tower Hill (large long term holding... trying to guess at the ultimate exit), and Corvus. Thanks!
justinmaxwell86 profile picture
Long newfound gold, and silver viper resources (an exploration company with promising silver drill samples). Great article
PT Larry profile picture
Many thanks for the article.
almoni profile picture
I did not search the text well or the author really forgot that the publication of the graph is not a substitute for an #hui index forecast?
,Does the author sell or buy? It is unclear
If he buys from where
is it his review or trivia ???
@almoni The article is 'news', not an analysis or recommendation to buy or sell. It leaves the reader to decide whether to pursue further investigation.
almoni profile picture
@Diottica Unlike you, I do not consider it news.

in any case, every trader sees the two world news leaders live on the screen. what new will the 88 -th tell me?

3\ If the author writes about the hui index, he is obliged to report his trading view. that's my opinion, otherwise what is the point of taking the podium?

4\ That this is not an axiom for you amazes me .When I get in a car I assume that
All other drivers drive the way they should, not the way they want to.
DanWest88 profile picture
@almoni - this guy worked hard to put together an excellent summation of some of the pertinent NEWS that has come out recently regarding Gold Miners, hence the title of his article: "Gold Mining Bull: Top News For April 2021"

What work are YOU doing to create value here for SA readers?

If there is a disconnect between your expectations of what this article should have provided you, and what was actually contained in said article, perhaps it's more appropriate to take a closer look at your expectations, instead of attempting to disparage @Diottica's work here?
Hello Steve, great article, thanks!
What s your opinion on the earnings release of Eldorado Gold?
It seems the market don t like it.
Ventureshadow profile picture
With the Roxgold acquisition Fortuna is betting on rising gold prices. This should benefit Fortuna as a company more than its stockholders.
Any comments on CDE ?
All commodities going up except for the "insurance" against inflation.
FSM lost their investors 22% in one day so the great destruction of wealth by gold and silver companies continues. That is one constant.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

Related Stocks

SymbolLast Price% Chg
Alamos Gold Inc.
Canada Silver Cobalt Works Inc.
Fortuna Silver Mines Inc.
Barrick Gold Corporation
Marathon Gold Corporation

Related Analysis

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.