Best time for mining investors
From September 10 to 13, investors, executives of leading precious metal companies and producers, discoverers and development companies from all over the world met. Gold mining guru Rob McEwen, a much-noticed man, announced that he considers a gold price of 5,000 US dollars for near. "I think it can go much higher than that", so in his opinion the price of gold could also rise above 5,000 US dollars.
As reasons he cited the global debt situation and the expansion of the money supply. However, he admitted that this scenario could last for dozens of years. The important thing is to be invested in gold now. He considers junior companies to be particularly promising, less so the "senior citizens" of the industry. For in the case of junior companies, major upward leaps in the share price are possible, albeit of course also downward leaps.
Therefore, good drilling results and the financial side of a company must always be taken into account. And companies that have not yet received much attention in the market are advantageous.
Auryn Resources with Executive Chairman Ivan Bebec and GoldMining with Executive Vice President Jeff Wright were represented in Beaver Creek on the first day of the presentations.
Auryn Resources - https://www.commodity-tv.net/c/search_adv/?v=299172 - is active with seven projects in Nunavut and Peru. Concessions for 4,700 hectares have just been purchased in Peru. Copper and gold are the targets. The company is currently present at the Denver Gold Forum and at Mines and Money in London in November. I'm sure there'll be more news there.
GoldMining - https://www.commodity-tv.net/c/search_adv/?v=299224, with its various projects and as an owner of large gold resources, is certainly one of the biggest profiteers of a high gold price. The gold price significantly enhances the resources in the projects and strengthens the economic side in future exploitation. The projects are located in Peru, Colombia, Canada, Brazil and the USA.
The Beaver Creek Summit is only the beginning of important mine conferences. At the end, in spring, the most important mining fair, the PDAC in Toronto, traditionally takes place. This makes the period from September to March the best and most interesting for investors in the mining sector.
Up-to-date corporate information and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/) and GoldMining ( https://www.resource-capital.ch/en/companies/goldmining-inc/).
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