Analysts examine quality at gold companies
No sooner does an improvement in the corona crisis seem to be in sight than warnings of a second or even third wave are multiplying. There are new corona cases in Wuhan. Further trouble is probably coming from the trade dispute between the USA and China. China wants new negotiations, apparently sees President Donald Trump weakened and wants to turn this to its advantage. The world's largest economy is facing an economic slump that is not likely to be without consequences. And Trump has already threatened China with new punitive tariffs.
The winner is the gold prize. More and more investors who have not yet accessed gold stocks should look around now at the latest. Analysts and experts take a close look at companies and make valuable recommendations.
Roth Capital Partners, for example, has issued an update on GoldMining and recommends the company for purchase: https://www.commodity-tv.com/play/goldmining-acquisition-of-almaden-gold-stocks-still-undervalued/. GoldMining bought the Yarumalito gold project in Colombia at the end of 2019 for 1.2 million US dollars. An initial resource estimate now indicates an inferred resource of 1.24 million ounces of gold. Thus, GoldMining continues to grow and this at best conditions. The gold and copper projects are located in Colombia, USA, Canada, Brazil and Peru.
Another gold company that analysts like is Caledonia Mining: https://www.commodity-tv.com/play/newsflash-with-condor-gold-caledonia-mining-and-maple-gold-mines/. The impact of the pandemic on the company's blanket mine in Zimbabwe is small, as the quarterly results show. In the first quarter of 2020, gross profit and gold production increased while mining costs were reduced. Following the purchase of an additional stake, Caledonia Mining now controls 64 percent of the mine. The extended quarterly dividend will continue to be paid.
Latest company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/) and Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/).
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