Raw materials for the new year
Gold price should continue to be well supported; copper should also do well in the new year
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The geopolitical tensions are not easing. North Korea is threatening with "a new strategic weapon". The nuclear negotiations with the USA stagnate. For this reason, Kim Jong-un, the ruler, no longer considers himself bound by the agreements on atomic bomb tests and intercontinental missiles. Gold should have further potential and rising prices would not be surprising.
At the end of 2019, for example, gold has reached new all-time highs, calculated in Euros, Canadian dollars or Australian dollars. As far as the US dollar is concerned, this may well be imminent. Especially when the US dollar weakens.
Mine stocks should then benefit disproportionately from this. Like the shares of RNC Minerals. Production is already underway at the Beta Hunt gold mine (high grade and visible gold deposits) and Higginsville Gold Operations in Western Australia. Well equipped with cash, RNC Minerals is focused on reducing costs and increasing gold production - https://www.commodity-tv.com/play/newsflash-with-skeena-osisko-gold-royalties-rnc-minerals-isoenergy-and-auryn-resources/. In addition, the Company holds a 28% interest in the Dumont nickel-cobalt project in Quebec.
The fact that the raw material copper could also be among the winners in 2020 is a foregone conclusion for many industry experts. Efforts are underway worldwide to keep the economy running or, better still, to strengthen it. The economic metal, copper, should therefore be in demand. So, the outlook is good for copper companies like Copper Mountain Mining - https://www.commodity-tv.com/play/copper-mountain-mining-increasing-copper-production-huge-upside-potential-at-eva-project/.
Copper Mountain Mining owns 75 percent of the Copper Mountain Mine in British Columbia. It is located near the port of Vancouver and is easily accessible. With a third ball mill, production is expected to increase from 90 million pounds of copper equivalent annually to 116 million in 2020. The current lifetime of the mine is expected to be 31 years.
Recent corporate news and press releases from RNC Minerals (https://www.resource-capital.ch/en/companies/rnc-minerals-corp/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-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.
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