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Africa, a land of gold

The price of gold is on an upward trend and gold production declines worldwide

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Even South Africa, once the world's largest gold producer, is producing less and less gold. This has been happening continuously for 19 months, the longest decline since the financial crisis around ten years ago. Gold production fell by 31 percent last December and by around 20 percent in January and February. The reason lies in the difficult working conditions, the gold content is declining and strikes are reducing production. Also, they have to dig into deeper and deeper regions.

As estimated by the U.S. Geological Survey, South Africa still has the world's second largest mineable gold reserves. The top producer country in Africa is now West African Ghana and no longer South Africa. In Ghana, a mining-friendly policy scores well and the costs of operating the mines are comparatively low. In 2018, Ghana's gold production increased by 12 percent.

Gold companies such as Cardinal Resources - http://www.commodity-tv.net/c/search_adv/?v=299119, which own their projects in this small West African country, therefore have an advantage. Cardinal Resources' activities are focused on the Namdini Gold Project, which is part of the Bolgatanga Project, and the Subranum Gold Project. The Namdini gold project has 5.1 million ounces of gold reserves (probable and proven). A feasibility study will be completed shortly.

Gold can also be mined profitably in Zimbabwe. The mining industry has been active here for over 100 years. A good example of successful progress is Caledonia Mining - http://www.commodity-tv.net/c/search_adv/?v=298787. Its blanket mine produced around 54,500 ounces of gold in 2018 at a total cost of US$802 per ounce. Caledonia holds the government certificate of conformity, which means that the company fully complies with all the requirements of the Indigenization and Economic Support Act. This enables Caledonia Mining to implement its long-term growth strategy and to pay out regular dividends to its shareholders. The participation of local investors ensures acceptance among the population. Skilled workers and the necessary infrastructure system are available.

Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/ 

 

 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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