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Nick Mather, CEO, SolGold PLC

Nick Mather
CEO | SolGold PLC
1 King Street, EC2V 8AU London (GB)

emichael@solgold.com.au

+44 20 3823 2125

SolGold CEO Nick Mather on building a major gold and copper mining company


Jared Scharf, CEO, Desert Gold Ventures Inc.

Jared Scharf
CEO | Desert Gold Ventures Inc.
4770 72nd St,, V4K 3N3 Delta (CAN)

jared.scharf@desertgold.ca

Desert Gold Ventures CEO Jared Scharf on West Africa and its potential


Stephan Dorfmeister, Finance Department, Deep Nature Project GmbH

Stephan Dorfmeister
Finance Department | Deep Nature Project GmbH
Untere Hauptstraße 168, 7122 Gols (AT)

office@deep-nature.at

+43 681 10139055

Like Aurora Cannabis and Canopy Growth, Deep Nature Project GmbH focuses on value chain


26. August 2020 | 05:51 CET

B2Gold, Barrick, Blackrock Gold - who doubles its value the fastest?

  • Gold

Since Warren Buffett and his investment company Berkshire Hathaway joined Barrick, investors and media have tended to change their minds about the world's oldest currency. In the past, the US star investor has made no secret of the fact that, in his opinion, the expense of gold mining and subsequent monitoring is, in a sense, insane. In the meantime, however, the oracle from Omaha seems to have come to the conclusion that there is a lot of money to be made as a producer at the current price level and that demand for the precious metal will remain stable in the future due to the measures taken by the central banks.

time to read: 2 minutes by Mario Hose


Nick Mather, CEO, SolGold PLC
"[...] We knew the world was rapidly electrifying and urbanising and needing significant amounts of copper to do so. [...]" Nick Mather, CEO, SolGold PLC

Full interview

 

Gold supply will decline

The gold market is becoming increasingly important. While central banks around the world are working with politicians to maintain social peace through measures, the money supply has been increased significantly. A major advantage of gold, on the other hand, is that it cannot be printed, and in 2020 it will even reach the historic peak of production. Barrick's experts estimate that approximately 118 million ounces will be produced this year and the annual production volume will drop to below 65 million ounces by 2029. The reserves of the largest producers have already decreased by about 34% since 2012.

Exploration provides for new supplies

Producers such as B2Gold and Barrick can achieve a high profit margin within the current gold price. The disadvantage is, however, that each ounce can only be sold once. For this reason, these companies must continuously ensure that the amount of reserves secures future sales. In this context, exploration companies such as Blackrock Gold come into play. The company has properties in the state of Nevada and is exploring for gold deposits. As soon as a critical quantity of the precious metal can be proven, the interest of the large producers in a takeover increases.

Financially well positioned

Blackrock Gold has raised a total of approximately CAD 12 million in fresh money since June 2020 to explore the areas in Nevada. One of the most prominent investors is Eric Sprott, a commodities expert who invested CAD 5 million. About 100 years ago, the state was already experiencing a gold and silver hype. Due to this history, companies can still make plans today. The region around the town of Tonopah is one of the most attractive silver areas in North America.

Successful drilling program raises expectations

Blackrock has made several interesting discoveries during the current drilling program. Drill hole TW20-001 intersected 965 g/t silver equivalent over 29 metres and another new vein with a grade of 2,198 g/t silver equivalent over 3 metres was discovered. A total of 15,000 metres of drilling is planned in the Tonopah region to confirm 2.5 to 6.0 million tonnes of silver equivalent at a grade of 1,300 to 2,100 g/t.

Several million ounces of gold

Four target areas have already been identified on the Silver Cloud project, where about 3,500 meters of drilling is planned to be completed starting in September with up to 14 holes. The company believes that the area has a potential of several million ounces of gold. With a market capitalization of approximately CAD 120 million, the company still has sufficient potential with further discoveries, making it more attractive to potential investors. Barrick has now achieved a market capitalization of CAD 68 billion and B2Gold of CAD 6.8 billion.


Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


Related comments:

24. September 2020 | 09:15 CET

Barrick Gold, Blackrock Gold, Osino Resources: buy when weak?

  • Gold

The price of gold and silver has come under pressure in the past few days and so too has the price of the shares of the companies involved in the creation of value for precious metals. The fear of another lockdown in connection with the Corona pandemic seems to be worrying the markets. Against this backdrop the central banks and governments continue to support the economy with measures. The correction in precious metals may now be an opportunity to enter, because when the presses are running at full speed, the oldest currency in the world is usually a safe haven.

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18. September 2020 | 09:00 CET

BHP Group, Newcrest Mining, SolGold: Getting bogged down or putting all your eggs in one basket

  • Gold

When it comes to investing in commodity companies, the BHP Group is a household name. The British company is active worldwide, mining coal, iron ore, copper and other commodities and has long been considered a solid dividend earner. But recently the company has disappointed: Special effects put pressure on profits, unrest in Chile made life difficult for BHP and the Corona pandemic also left its mark: the bottom line at the end of the financial year at the end of June was a profit of no less than EUR 6.75 billion. While the mood among investors was not particularly good, BHP cut its dividend by around ten percent, thus spoiling shareholders’ sentiment even further. On a year-on-year basis, the share price fell by around 1.4%. In view of the good performance of copper following the outbreak of the pandemic, this is too little for many investors.

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15. September 2020 | 11:00 CET

B2Gold, Barrick Gold, Desert Gold: Did Warren Buffett bet on the right horse?

  • Gold

The price of gold has stabilized above the USD 1,900.00 per troy ounce mark in recent weeks. Against the background that the Corona Pandemic is not slowing down and that a second wave is becoming measurable in many places, the actions taken by governments and central banks are continuing cheerfully, thus ensuring further demand for the world's oldest currency. Those who want to protect their assets are probably best off buying shares in a gold company like Warren Buffett, and for those who can't decide, there is also a solution.

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