Expectations rise along with gold production at Doray
The announcement by Doray Minerals in late December that its Andy Well project was expected to outperform production expectations resulted in the goldminer’s share price doubling by early January.
The announcement by Doray Minerals in late December that its Andy Well project was expected to outperform previous production expectations at reduced costs couldn’t have been better timed, chiming in with a strong rally in the gold price.
This resulted in the company’s share price doubling between early December and early January, but it is still well short of GMP Securities’ 12-month price target of 72¢.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Mining
Fetching latest articles