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Gold is getting scarcer

According to the latest figures, the so-called geological range of gold is decreasing, which means that gold deposits could soon be fully exploited

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The U.S. Geological Survey has estimated in its recently published annual report that, according to current knowledge, only about 50,000 tons of gold are still mineable. The annual report lists the largest gold producing countries and how much they have produced. The remaining gold resources are also estimated.

According to the new figures China is still the largest gold producer, however in 2019 China is likely to have produced around 19 tonnes less gold than in the previous year. Indonesia has produced more gold in 2019 than in 2018, and the world's largest gold mine, the Grasberg Mine, also exists there. A further significant drop (27 tonnes of gold less) in gold production was recorded by South Africa, once number one among the producing countries. The gold reserves still lying dormant in the earth were revised in South Africa from 6,000 to 3,200 tonnes.

According to the calculations of the U.S. Geological Survey, with an average annual production of 3,300 tons of gold, global gold resources would only last for about 15 years. However, the situation is not too dramatic, as resource estimates could go up again. Also, if the price of gold is high, the precious metal could also be taken from areas that are not so easily accessible.

Whether soon to be scarce or not, gold is a valuable and coveted commodity, among investors, jewellery lovers and central banks. Companies that can satisfy the hunger for gold include Bluestone Resources and RNC Minerals.

Bluestone Resources, well financed and supported by the Lundin Group, is developing its Cerro Blanco gold project in Guatemala. All the conditions are in place to move this world-class project forward rapidly. 

RNC Minerals has two gold projects in Western Australia that are already producing. An inexpensive treatment plant is nearby. A nickel-cobalt project in Quebec is still in RNC Minerals' portfolio.

Recent corporate news and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and RNC Minerals (https://www.resource-capital.ch/en/companies/rnc-minerals-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.

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