Ghana - largest gold producer in Africa
For the South African gold industry it is certainly not pleasing. For a very long time, South Africa led the gold producing countries. But high costs, declining production and strikes have pushed the country out of first place. Profiteer is Ghana. Because here politics is more inclined towards mining and also the mine operation is cheaper and easier to manage.
In 2018, Ghana produced around 12 percent more gold than in the previous year. Most of it comes from smaller mines, although some of the world's largest mine operators have also pitched their tents in Ghana. And Ghana knows the importance of the mining industry. Thus, corporate taxes were reduced in 2016 and 2017.
Ghana is one of the fastest growing economies on the African continent. And the country is working on the environmental problems that mines bring with them through conservation projects. The fact that Ghana holds a ten percent stake in all mining companies leads to safety and acceptance.
In Ghana, Cardinal Resources -https://www.commodity-tv.net/c/search_adv/?v=299212 - owns the Bolgatanga Project, including the Namdini Property and the Subranum Gold Project, totalling 734 square kilometres of prospective land. The Namdini property is particularly convincing (up to 4.1 grams of gold per tonne of rock).
The acceptance of the local population - thanks to participation - is also a big plus for Caledonia Mining - https://www.commodity-tv.net/c/search_adv/?v=299217 - with its producing Blanket gold mine in Zimbabwe. In the second quarter of 2019, 12,712 ounces of gold were produced here. Gross profit was $7 million, 37 percent above the comparable second quarter of 2018, and gold production is expected to increase to approximately 80,000 ounces of gold per year by 2022.
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/