NQ Minerals PLC (NQMLF) On Watch as Warren Buffett has now “embraced gold” with a stake in Major Gold Miner

Many investors have gained exposure to the precious metal by buying stocks of companies engaged in exploration and mining. Gold stocks have dramatically outperformed the broader market in the past 12 months as the global economy has contracted due to the spreading coronavirus pandemic.

Gold futures recently hit their highest price in more than seven years as traders and investors continued their flight to the metal as a safe-haven investment.

A regulatory filing on Friday disclosed Berkshire Hathaway’s new 20.9 million share investment in one of the world’s largest mining companies, Barrick Gold Corp. (NYSE: GOLD).

With gold on a clear uptrend, investors have turned their focus to gold mining stocks. They should pay attention to NQ Minerals PLC (OTC: NQMLF), a relatively smaller name in the industry but the company is on a high growth trajectory, and that makes NQMLF stock very attractive.

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

NQ Minerals PLC (OTC: NQMLF) recently announced that it achieved record production levels in July 2020 of metals concentrates from the Company’s flagship Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia.

July 2020 was the first full month of Hellyer plant operations at the new production rate of over 1.2 million tonnes per annum (“Mtpa”). The plant achieved:

  • Record Hellyer monthly plant throughput of 106,365 tonnes (1.25 Mtpa annualised)
  • Record monthly lead concentrate production of 4,075 tonnes concentrate, up from average monthly in Q2, 2020 of 2,921 tonnes of concentrates.
  • Zinc concentrate production of 1,509 tonnes.
  • Saleable gold in concentrates of 461 ounces gross (before processing and streaming deductions).
  • Saleable silver in concentrates of 89,854 ounces gross (before processing and streaming deductions).

NQMLF is trading at a discount compared to other players. And several upcoming catalysts could catapult shares higher. In our view, a bounce is all but guaranteed. That means, in the short-term, NQ Minerals PLC (OTC: NQMLF) have nowhere to go but up.


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