Gold mine shares 2020
Upward potential and low valuations are in demand. As well as durable mines with high quality. This is the only way to create added value even with leverage at higher gold prices. Gold is in trend and the mood is positive. And if the price of gold ever rises above USD 1,600 per troy ounce, then the way up should be clear. High quality gold companies will benefit particularly. Because the costs are relatively fixed.
As little debt as possible, at best none at all and sufficient cash are extremely helpful in the mining business. And if the price of gold rises, the value of a company also increases. A good location of the project and many ounces of gold are among the value-creating properties. The same applies to the management, experience pays off. Skeena Resources and Cardinal Resources are among the companies with high quality and great upside potential.
Skeena Resources owns the high grade Eskay Creek gold project in the Golden Triangle of British Columbia - https://www.commodity-tv.com/play/skeena-resources-exploration-and-development-of-historic-gold-mine-deal-with-barrick/. The pre-feasibility study confirms the potential of the property. More than four grams of gold (including silver) per tonne of rock and costs of an estimated maximum of US$750 per ounce, as well as a low market capitalisation are a plus. Skeena Resources also has two other interesting projects in its portfolio. For example, 57 grams of gold per tonne of rock were found at the Snip Gold Project.
Cardinal Resources is the owner of two gold exploration properties, the Bolgatanga and Subranum projects - https://www.commodity-tv.com/play/cardinal-resources-strong-feasibility-study-released-next-step-project-financing/. Cardinal Resources' Namdini gold project (open pit) in Ghana, West Africa owns seven million ounces of gold. It is included in the Bolgatanga Project. The company is currently seeking approval and construction should begin this year, and the financing is still being worked on.
The latest corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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