Gold still in the interest of investors
After reaching an all-time high last summer, the gold price underperformed in the first half of 2021. This is because a stronger US dollar and gains in ten-year government bond yields put pressure on the gold price. In addition, investors' risk appetite may have worked against gold as a safe haven. The US labour market report recently caused further losses. But now, two weeks or so later, the gold price was able to stand at just over USD 1,800 again.
There is a lot of speculation at the moment, but the point in time at which the US Federal Reserve will reduce bond purchases again is uncertain and probably not yet close. Currently, ETF holdings have been significantly reduced (by six tonnes), but the gold price has not been impressed by this. The weak performance of the gold price in the first half of the year has not hurt the performance of many mining and exploration companies, there have also been share price rises.
For example, in an examination of the gold stocks that have made the biggest gains since the beginning of the year, Victoria Gold - https://www.youtube.com/watch?v=Rdp4HMM4s-M - was ranked fifth. Year-to-date (as of August 16), Victoria Gold's share price is up nearly 40 percent. Victoria Gold's Eagle gold mine in the Yukon has been producing commercially since July 2020. With 3.3 million ounces of gold in reserve and a life of more than eleven years, it should continue successfully. The Eagle Gold Mine produced more than 32,000 ounces of gold in the second quarter.
Another successful gold company should be GoldMining. Projects in North and South America (gold and copper) give the company one of the largest gold resources in the world. New resource estimates have just been announced for the Titiribi and La Mina projects in Colombia and for the Whistler project in Alaska.
Current corporate information and press releases from Victoria Gold (www.resource-capital.ch/en/companies/victoria-gold-corp/) and GoldMining (www.resource-capital.ch/en/companies/goldmining-inc/).
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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