Gold - a scarce commodity
There are many different predictions on the topic of gold production. At one point, BMO Capital Markets predicted that gold production could fall to 2,000 tons per year within a few years. Others don't see production peaking until 2027 to 2044. In 2018, 3,509 tons of gold was produced, and in 2019 it was 3,463.7 tons. So, 2018 could mark the peak. The pandemic year of 2020 brought global gold production to 2,456 tons in the first nine months. Numerous mine closures caused production levels to drop.
There are also countries that have mined a lot of gold in 2020. Turkey has brought to light more gold than ever before, with 42 tons. There, 18 gold mines are active and 20 new projects are still on hold. Even if globally the production volumes should recover this year, the majority assumes a falling production in the coming years.
The gold price, as a look at the past year shows, was often moved by unexpected events on the one hand, but also by factors that cannot be explained. The current environment, government debt and money printing without end make most gold experts positive for the gold price in 2021.
Therefore, one should also look at gold companies. Here, Canagold Resources (formerly Canarc Resources) - https://www.youtube.com/watch?v=4QSJUtZslAc - is appealing. The company focuses on the development of gold projects in North America, such as the New Polaris gold project.
Trillium Gold Mines - https://www.youtube.com/watch?v=tN_tzUT_WcM - is also already successful at its Newman Todd gold project in British Columbia. Drill samples show high-grade gold and even visible gold.
Latest corporate information and press releases from Trillium Gold Mines (www.resource-capital.ch/en/companies/trillium-gold-mines-inc/).
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