The uncertainty in the world
The gold price has moved strongly, uncertainties such as the future with Covid-19 are causal
Receive up-to-date information about the company directly via push notification
A deterioration in other asset classes in recent months is also strengthening the price of the precious metal. Currencies and energy prices went down. Not to forget that the global supply of gold is likely to be lower this year due to mining closures. This is because production and logistics problems have particularly affected the mining industry. Moving gold by plane alone was not easy.
Around 10 million ounces are expected to be affected and it could be even more. Gold coins and bars are in great demand and further shortages could arise. Basically, it is assumed that gold production will tend to go down in the next few years, the peak in production volume having already been reached. The mines are happy to process higher quality ore and store the lower quality ore. But at some point, these ore reserves will have to be processed. As a result, the gold content decreases.
Some mines have also rated their ore too high. All this will have an impact and will boost the gold sector and the price of gold. Geopolitical uncertainties, huge bailouts, economic crises and the vulnerability of supply chains should all continue to drive up the price of gold.
Gold companies such as Skeena Resources or Bluestone Resources are also profiting from the high gold price. Skeena Resources owns two formerly producing gold and silver mines, Eskay Creek and Snip, in the Golden Triangle in British Columbia: https://www.commodity-tv.com/play/newsflash-with-skeena-resources-canada-nickel-and-corvus-gold/. Eskay Creek already has a positive economic valuation.
Bluestone Resources is pleased to report encouraging drill results at its high-grade Cerro Blanco gold project in Guatemala: https://www.commodity-tv.com/play/newsflash-with-bluestone-resources-mawson-resources-ximen-mining/. Bluestone Resources also owns an advanced geothermal project there, already licensed for power generation.
Recent corporate news and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-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.
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
applies: https://www.resource-capital.ch/en/disclaimer/