Golden chances after the crash
In 2008, when the financial crisis sent stock market prices down, gold stocks and the gold price only stayed down for a short time. Then investors again took a strong course towards gold as a safe haven. Gold stocks were then the winners and they went much higher than the gold price. In 2019, the major gold companies benefited in particular. Even more profitable were the values of junior companies whose production start was not too far away.
Those who had bet on physical gold could only earn about a quarter of what investors earned with the junior companies. So, at the moment not only large gold companies are probably looking for smaller lucrative gold explorers, but also investors.
If the trend continues, then one should look for companies whose production is planned to start within the next three years. Their projects should be located in mining-friendly regions.
Rockstone Research, for example, counts Ximen Mining among these particularly promising candidates.
Ximen Mining is located in British Columbia with its projects (Gold Drop, Brett, Treasure Mountain, Kenville, Amelia): https://www.commodity-tv.com/play/ximen-mining-waiting-for-permit-to-start-gold-production-at-the-newly-acquired-kenville-mine/. Ximen Mining has just acquired 107 mineral deposits (gold, silver, copper) covering an area of approximately 4,300 hectares near the Kenville Mine.
Skeena Resources is also located in Bristish Columbia's Golden Triangle and owns the Eskay and Snip gold projects: https://www.commodity-tv.com/play/newsflash-with-isoenergy-sibanye-stillwater-skeena-resources-and-auryn-resources/. Recent drilling at the Eskay Project has returned up to 13.24 grams of gold and up to 701 grams of silver per tonne of rock. The portfolio also includes the GJ copper-gold project, for which a pre-feasibility study exists.
The latest corporate information and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/).
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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