Gold - an important export commodity for many countries
In Switzerland, gold is the second most important export commodity after pharmaceutical products. Switzerland does not extract gold from the ground but specialises in refining precious metals. Gold is imported, processed and exported again. But in Ghana, for example, formerly known as the "Gold Coast", gold is the most important export commodity. In the past, the colonial masters there found huge deposits of gold in the soil and in the rivers. In Nicaragua, too, gold is the number one export commodity. Last year, Nicaragua shipped US$666 million worth of gold, by the way, beef and coffee come next. In 2019, gold exports were still worth US$500 million. And gold production in Nicaragua continues to rise there.
One company with three gold projects in Nicaragua is Condor Gold. Particularly promising is the La India gold project, which extends over 588 square kilometres. Estimates are for an average annual production of 150,000 ounces of gold in the first nine years. A total of just under 1.5 million ounces of gold are expected to see the light of day over the twelve-year mine life. For investors still looking for suitable gold candidates, perhaps an option. Those who want to bet on gold and are looking for diversification should look at royalty companies. This is because they usually have a large portfolio of holdings and precious metal withdrawals. One of the advantages of royalty companies is that the mining risk lies with the partner companies. If they are successful, the royalty companies automatically earn money.
A royalty company that owns over 160 royalties as well as precious metal off-takes and streams is Osisko Gold Royalties - https://www.youtube.com/watch?v=oi0GmtOrxLM . The focus is on precious metals as well as North America. Of particular note is a five percent NSR royalty on the large Canadian Malartic mine.
Latest corporate information and press releases Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/).
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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