There’s a recent dip in gold and I contemplating going for some gold stocks that I’ve been looking into for the past few weeks. I’m planning to go with Barrick Gold Corp (ABX.TO). They are showing good performance as their total preliminary gold production rose to 1.09 million ounces, from 1.04 million ounces in the previous quarter. It’s a nearly 5% rise in third-quarter gold production from the previous three months.
First Majestic Silver (AG) is a primary silver-gold producer with three producing mines in Mexico, and one in Nevada. In 2021, production is estimated to fall between 25.7 and 27.5 million silver equivalent ounces, with costs falling between $17.86 and $18.63/oz.
Looking into Collective Mining (CNL.V) as well, a company based in Caldas, Colombia. It’s interesting that the people behind them is the team of former executives from Continental Gold and were responsible for the discovery and construction of the Buriticá Gold mine, the biggest gold mine in Colombia. They’re showing good drilling results and recently started drilling more holes in their box target.
It’s a load of gold stocks, I know. The bigger ones are much safer and secure but junior miners have the possibility to bring better rewards despite the risks behind it. Is it smart to buy when there’s a dip in the prices? There are some people telling me that it’s okay and is a good idea but I don’t know if I’m doing it right. There are also some coaxing me to go for physical gold. Haven’t let go of my money though so I need some advice
Submitted October 15, 2021 at 06:13AM by KeithaSteuck https://ift.tt/3mTvLv3
