Rally in Dollar Sparks Steep Losses in ASX Gold Stocks
Donald Trump’s victory in the 2024 elections fuelled a rally in the dollar and risk assets causing an upheaval in gold stock market. This led to profit booking in top gold stocks which had reached record highs in the run up to elections.
Santana Minerals Limited (ASX: SMI)
Santana Minerals Limited delivered a highly strategic quarter, advancing its Bendigo-Ophir Gold Project (BOGP) in New Zealand toward construction with substantial regulatory and operational progress. The BOGP, located in Central Otago, has been granted ‘Fast Track Project’ status under New Zealand’s Fast Track Approvals Bill, a designation that could significantly streamline the permitting process with final ratification expected by year-end. This regulatory milestone positions the company favourably for accelerated development.
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