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World Water Day and Nevada Mega Deal

Water is a big issue in mining. But also the activities of the really big ones point out new topics. Well-positioned mining companies should always have better opportunities

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"…ample access to water" is one of Auryn Resources' major assets, as analyst Heiko Ihle of H.C. Wainwright at the mining group identified. In fact, water is always an important point, not only in mining, but in people's daily lives. On 22 March, therefore, the World Water Day was also addressed. This date, set by the United Nations since 1993, represents the problems of many people on earth without clean water. "Currently, around 2.5 billion people are suffering from water shortages," writes the fund provider Swisscanto Invest in a note to its customers.

In addition to global warming, which in many regions of the world has a negative impact on the available quantities of water, uncontrolled water withdrawals in particular can be identified for the increasing water stress due to population and prosperity growth, according to the Swisscanto experts. It is therefore particularly important for mining companies to have good plans for their water abstraction and environmental precautions. Only those who can prove or obtain water rights and who do not pollute the environment by taking too much water can therefore obtain permits to extract raw materials.

At least for Auryn Resources this does not seem to be a problem yet. Therefore, the H.C. Wainwright analyst Ihle also gives the recommendation "Buy". Its price target is 1.60 US dollars, i.e. well above the current share price. Reason: Ihle expects that the sombrero project a few hundred kilometers southeast of the Peruvian capital Lima should contain at least one percent copper in the rock. In fact, Auryn geologists have already found a larger area over several metres of trench sampling from 0.57 percent to 1.53 percent copper equivalent, indicating a larger contiguous copper occurrence. In addition to the project in Peru, Auryn also owns a promising property in Canada.

Water scarcity is particularly prevalent in desert areas. Large parts of the US state of Nevada are no exception. Nevertheless, the region is one of the best gold digging regions in the world. This is demonstrated not least by the new Joint-Venture agreement between the world's leading gold companies Barrick Gold and Newmont Mining. This stronger focus on Nevada should also significantly upgrade the projects of smaller gold companies. Mergers and acquisitions are to be expected. In addition, the mega joint venture could also make it easier for smaller companies to obtain favourable financing. A promising gold group active in Nevada is US Gold.

US Gold owns projects in Nevada ("Keystone", Gold) and Wyoming ("Copper King", Copper, Gold, Silver, Zinc). The portfolio also includes a number of development and exploration properties.

Up-to-date corporate information and press releases from Aruyn Resources ( and US Gold (

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: 

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