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Corona disturbs many mining companies, but not all

As the analysis company S & P Global Market Intelligence has found out, at least 275 mining operations worldwide were affected

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The investigation covers 36 countries. Gold, copper and silver were particularly affected. At the end of June, 111 gold mines, 101 silver mines and 51 copper mines were affected, mainly in Latin America. Many mines had to be closed or shut down. However, suspended companies around the world are now ramping up work in mines again as rules have been relaxed.

Some countries declared mining to be indispensable because of the economic dependence on industry. This was particularly the case in Latin America, Canada and South Africa. As a result, many did not have any impact on exploration or production. At present, there is more of a risk of regional corona outbreaks, which could paralyze one mine or another for a certain period of time. Underground mines, some of which have narrow adits, do not have an easy time of it, as it is naturally easier to keep a distance in an opencast mine.

In any case, there are gold and also silver companies that have come through the pandemic quite well. Vizsla Resources - https://www.commodity-tv.com/play/newsflash-with-vizsla-resources-after-sensational-drill-results-and-doubling-of-the-share-price/, for example, was able to resume exploration work on its Panuco silver project in Mexico at the end of May. This project is located in an area with epithermal silver and gold deposits. The 2020 drilling program includes 20 targets and Vizsla Resources is working to complete the project as planned.

Among the producers, one can observe pleasing results from Caledonia Mining in Zimbabwe: Despite the pandemic, gold production in the Blanket Mine increased in the second quarter compared to the same quarter last year: https://www.commodity-tv.com/play/caledonia-mining-virtual-roadshow-investor-presentation-and-qa/.

Current company information and press releases from Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) and 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 addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Always up to date with the newsletter from SRC

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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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