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Gold mining even in difficult countries

Zimbabwe is certainly not one of the easy mining countries. The shortage of foreign exchange is a problem for some companies

Mining is important for Zimbabwe, as gold is the country's second largest export after tobacco. Production of around 30 tonnes is forecast for 2018. In 2017, 24.8 tonnes of gold were mined. Thus mining is the largest source of foreign exchange for the African country. By the way, Africa's largest platinum reserves also lie here.

Now some gold producers in Zimbabwe are having problems because of money shortages. For some, the shortage of foreign currency jeopardizes the coverage of production costs. Because Zimbabwe is in an economic crisis.

But there are also gold companies such as Caledonia Mining - https://www.commodity-tv.net/c/search_adv/?v=298604, which have been producing gold without any problems for years and are making excellent progress. At Caledonia, local investors are involved in the Blanket mine. According to Steve Curtis, Chief Executive Officer of Caledonia, the mine is operating normally. The monetary and government authorities are also keeping a close eye on the situation; after all, locals have also invested. Caledonia's interest will soon increase to 64 percent and the target of producing approximately 80,000 ounces of gold per year by 2021 will continue to be pursued.

In another African country, Ghana, political stability and democracy prevail. Even if Ghana has a rather modest share in global gold production, gold is still an important raw material and an important export commodity. Here Cardinal Resources - https://www.commodity-tv.net/c/search_adv/?v=298669 - is the beneficial owner of two gold projects, the Bolgatanga Project and the Subranum Project, both located in a granite-greenstone belt. In both projects a number of gold mines are adjacent.

Current company information and press releases from Caledonia Mining (https://www.resource-capital.ch/en/companies/caledonia-mining-corp.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

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.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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