Beadell Resources Ltd.’s (ASX: BDR)stock plunged 5.5% on December 22, 2017 with the release of an update on its Tucano mine gold production for the December 2017 quarter which is likely to be 50,000oz of gold (Tucano’s fourth highest production quarter and the highest since 2014). Despite this, the annual production will be below guidance owing to the shortfall due to a short-term deferral of high grade ore of greater than 2g/t gold from late December 2017 into early January 2018 at the back of minor operational factors. On the other hand, large volumes of ore are currently being mined from the Tap AB pit and record run of mine (ROM) stockpiles are forecast for year end. However, the long-term potential with recent reserve upgrade information seems to provide momentum in the future. We maintain a “Buy” at the current price of $0.17
 
The stock of Pilbara Minerals Ltd (ASX: PLS) continued to slide a little with 1.7% drop on December 22, 2017 while investors seem to be booking profits on the stock. However, given the industry trends along with off-take agreements in place and exploration drilling outcomes, we have a “Hold” recommendation on the stock at the current price of $1.12

 
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