Early stage gold companies as an opportunity
A few months ago, and now again, the renowned analysis house H. C. Wainwright & Co examined the opportunities of gold companies that are still in the development and exploration stage. Often just these are undervalued. Although their share price fell sharply at the beginning of the pandemic, they have now experienced a strong revival. Further gains could result from the current market dynamics - the gold price continues to rise.
With the rise in the price of gold, the gold companies are thus further upgraded. Gold mining, for example, increased its share price by 62 percent. The company has a large portfolio of gold and copper projects and recently GoldMining established a royalty company focused on gold.
In March the price of gold fell enormously but is now soaring in the various currencies. The global fear of a pandemic, various worldwide interest rate cuts, negative interest rates and an immense amount of new debt are causing many investors to enter the safe haven of gold.
From a chart technical point of view gold seems to continue the rally or even to accelerate further. For gold companies such as Filo Mining, this is an extremely positive development.
Filo Mining owns the Filo del Sol project in Chile, which already has a promising pre-feasibility study and financing. Gold, copper and silver are included.
Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/) and Filo Mining (https://www.resource-capital.ch/en/companies/filo-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.
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