With the evolving gold demands, companies are definitely moving fast to get their hands on it. The gold market has brought a more diverse set of consumers and investors, which make it a picture of diversity and constant growth.
The demand for gold has been driven not only by cultural changes, but also by the income growth in some of the world’s most dynamic and rapidly growing economies. This brings me to the observation that gold seems to be on the roll, since I always encounter gold stocks trends in a lot of subreddits that I come across.
Big companies like Newmont Corporation (NEM) basically have the largest gold reserve base in the industry. Their gold mines include Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname.
They acquired GT Gold too, which only improved their portfolio significantly, since GT Gold has the Tatogga project in the highly sought after Golden Triangle District of British Columbia, Canada. They recently enhanced their portfolio with the approval of the Ahafo North Project in Ghana.
There are junior players out there that are showing promise as well. Take Collective Mining (CNL) for example, who has been working on potentially valuable gold projects. They are more than ready to capitalize on the trend with their Guayabales and San Antonio projects all found in Colombia. In fact, they recently discovered a high grade silver channel sampling at the Box Target.
The company also had another development a few weeks back, with their initial channel sampling campaign at the Donut target (“Donut”) within the Guayabales Project has returned high-grade gold and silver assay results from a shallow underground tunnel.
Seeing how gold mining companies are taking advantage of the trend in gold stocks, I think we can expect more people investing I guess. Tons of stock threads are all over reddit, so it seems like people have been really trying to take advantage and make sure they get some good earnings from it.
Submitted August 04, 2021 at 09:17AM by pizazzessteampipex4 https://ift.tt/3ipeWHC
