Resource Estimate Updated in Erdemir's Gold Project in Sivas

As a result of new studies conducted at Ereğli Demir ve Çelik Fabrikaları's Alacahan Gold Project in Sivas, the mineral resource estimate has been revised. According to the UMREK-compliant report, a total of 893 thousand ounces of contained gold has been identified in the project. The update of the resource estimate was carried out by re-evaluating the project's geological data. The report, prepared in accordance with UMREK standards, shows that the resource amount is classified within the framework of internationally accepted criteria. This development at the company's gold site allows for more precise measurement of mineral resources. The determination of the contained gold amount as 893 thousand ounces provides current data regarding the project's potential. Not investment advice.

📊 EREGL — Piyasa Yorumu

■ neutral · 55%

The update to the resource estimate in Erdemir's Sivas gold project represents limited news flow compared with its main steel business line and may not create a clear direction for the price in the short term. In the technical picture, the price is trading above the SMA20 and SMA50, RSI at 56 is close to neutral-to-lower and slightly below the MACD signal line; momentum is weak. The 24-hour change of -0.73% points to a flat-to-negative course. Since the concrete impact of the news depends on the details of the resource quantity and economic feasibility, a cautious neutral stance is appropriate until the announcement becomes clear. In the short term, 32.4 can be monitored as support and 32.8-33.0 as resistance.

RSI 14

56.4

MACD

0.40

24h Δ

-0.73%

Canlı Grafikler