Fury Gold Mines – 2024 Exploration Recap, 2025 Discovery Outlook, Newmont’s Sale Of Éléonore for $795mil
Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration at Fury Gold Mines (NYSE:FURY – TSX:FURY) join me to provide an extensive update on the Company’s 2024 activities and 2025 exploration plans at the Eau Claire, Éléonore South and Committee Bay Projects.
The discussion starts with a recap of the exploration work at the Eau Claire project, where the resource was increased by 40%. We also highlight the discovery at the Serendipity target.
Looking ahead to 2025, the focus will be on more discovery-focused drilling, particularly at new targets defined at Eleanor South and Eau Claire. The importance of this area is underscored by the recent sale of the Eleanor Mine, by Newmont, for $795 million. Additionally, we look to the Committee Bay Project and the potential of this asset being drilled next year. On the financial front, the conversation covers the valuation of Fury and the impact of their 51 million shares in Dolly Varden the Company holds.
If you have any follow up questions for Tim or Bryan please email me at Fleck@kereport.com.
A lot of juniors have a huge number of shares outstanding, that is one thing I always look for in any company. It drives investors away from spec plays when they must inevitably do a rollback, and you don’t exit in time, never to return. I will get into a spec play with a lot of shares outstanding only for a short-term or day trade play. DT
Haven’t seen Matthew posting recently. Brixton had some nice news and actually traded some volume yesterday albeit it’s so low now that it’s not a huge monetary trade.