New golden giant
Perhaps the two merger partners suspect that the gold price is gradually forming a bottom in the gold industry and that this is preparing for higher gold prices. Both Barrick and Randgold did not have a particularly good year behind them, the market value declined.
The Barrick shareholders will then own around two thirds of the new gold group, the other third being owned by the Randgold shareholders. Some Randgold shareholders may not want a stake in such a large conglomerate. Should these sell and enter into smaller gold companies, this could provide price impulses for the entire industry.
A bottoming out of the gold price is certainly a good time to invest. Investors can bet on a rising gold price with physical gold. But through increased takeover fantasies, the shares of gold companies should benefit doubly from such a phase.
Among the gold companies with promising projects is certainly Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=298564. The wholly owned Cerro Blanco gold project in Guatemala is economically valued as a project with a resource of 952,000 ounces of gold and 3,141,000 ounces of silver. The total cost per ounce of gold produced is expected to be USD 490, which would be low. Also in Guatemala, Bluestone Resources owns an already approved geothermal project.
White Gold - https://www.commodity-tv.net/c/search_adv/?v=298585 - also owns a large area of nearly 390,000 hectares of its Canadian property in the Yukon. This scored with exceptionally good drilling results. Currently, up to almost 140 grams of gold per ton of rock have been found.
Aktuelle Unternehmensinformationen und Pressemeldungen von Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc.html) und White Gold (https://www.resource-capital.ch/en/companies/whitegoldcorp.html).
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