Lack of new gold discoveries
Therefore, the big players in the industry are often looking for junior exploration companies. Many experts already see a lack of new gold discoveries. At times in the nineties and especially in the years up to 2008, the industry developed very well. Today ounces are usually produced much faster than they can be replaced.
This can also be seen in a study that shows that in the last ten years 20 of the world's leading gold producers have seen their remaining years of mine life decline. As a result, major producers are increasingly focusing on takeovers, mergers and strategic partnerships. Because this is happening much faster. Particularly low-cost projects in mining-friendly regions are of interest.
In order to be able to grow in the long term, the gold companies need a sustainable production volume. However, reserves often go down and ore grades drop. Today, much of the gold produced comes from juniors and medium-sized companies. Overall, gold production is expected to decline in the coming years.
Gold is not only found in countries that have already proven to be good for prospectors, such as Canada and Australia, but also in countries such as Guatemala.
There Bluestone Resources owns 100 percent of the Cerro Blanco gold project and the Mita geothermal project: https://www.commodity-tv.com/play/bluestone-resources-advancing-cerro-blanco-gold-project-towards-production/. The production costs for gold are very low at around USD 580 per ounce. Bluestone Resources expects to extract approximately 146,000 ounces of gold annually from the ground for the first few years.
In Western Australia, RNC Minerals focuses on its producing gold mines Beta Hunt and Higginsville: https://www.commodity-tv.com/play/rnc-minerals-transition-to-a-quality-gold-producer-with-growth-plans/. New acquisitions include the Spargos Reward Gold Project.
Recent corporate news and press releases from Bluestone Resources ( https://www.resource-capital.ch/en/companies/bluestone-resources-inc/) and RNC Minerals ( https://www.resource-capital.ch/en/companies/rnc-minerals-corp/).
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also