Gold mines and Corona
Gold as a safe haven is being honoured anew. Gold mining companies also provide for their employees during the Corona crisis
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The demand for coins and bars is high. According to Degussa, there has been a year-on-year increase of more than 500 percent since early March. At the same time, not all mines can simply continue producing. Nevertheless, the mining companies are worried about their employees.
In Zimbabwe, for example, Caledonia Mining was granted an exceptional permit for its blanket gold mine due to the excellent alignment of its operations, and production is running very well: https://www.commodity-tv.com/play/newsflash-with-caledonia-mining-canada-nickel-and-discovery-metals/. In the first quarter, 19 per cent more ounces of gold were brought to light than in the first quarter of 2019, while Zimbabwe's total gold production in March fell by 32 per cent year-on-year.
Mining companies also help local communities deal with Covid-19. Barrick Gold, for example, has purchased nearly one million test kits for workers and communities near its mines. These kits can be used to identify people who are ill and to control the virus.
Vizsla Resources - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-resources-corp/ - also relies on internal plans to ensure employee health and safety at the Panuco project in Mexico. Exploration work on the project, which contains silver and gold deposits, is to continue without interruption as far as possible, which is not so easy in Mexico at present.
Anyone who wants to bet on gold, not just gold coins and bars, can easily buy shares in gold companies.
Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp/) and Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/).
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