August 11th, 2020 | 09:46 CEST
B2Gold, Desert Gold, Osino Resources - Gold is becoming scarce
Table of contents:
"[...] Our SMSZ project is the largest contiguous land package of any exploration company in the region at 400km2 and overlays a 38km portion of the prolific Senegal Mali Shear Zone. [...]" Jared Scharf, CEO, Desert Gold Ventures Inc.
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
Producer with an appetite for take-overs
B2Gold is an established gold company that focuses on the production of the precious metal. The company is also active in Africa and operates mines in Namibia and West Africa. Against the background that a production peak of all gold companies is expected in 2020, the focus is likely to be increasingly on replenishment, i.e. the acquisition of exploration companies specialising in the discovery of new deposits. Typically, companies such as B2Gold take-over the successful explorers as soon as they have reached a critical quantity of gold. It can also be an advantage if the new discoveries are already in the vicinity of the company's own mines.
Focused on West Africa
Desert Gold Ventures is an exploration company with properties in West Africa. The company's properties cover more than 400 km2 and are located in the vicinity of well-known mining companies such as B2Gold, Barrick Gold and Iamgold. The management has been able to prove gold at various locations in the past. Further drilling programs are planned to collect more data on the properties to bring the gold reserves to the targeted level of up to six million ounces. After the market closed yesterday, the company announced a CAD 6.5 million capital increase to be financially prepared for the next drilling season in the fourth quarter. The company has already announced that the results of the latest drilling program will be released in a timely manner.
Successful in Namibia
Osino Resources is also an exploration company and focuses on the development of its own projects in Namibia. The company is led by CEO Heye Daun, who has already built up an explorer until 2012 and sold it to B2Gold. Daun knows what is important and will try to build on the historic success with Osino. In 2020 the company has already received more than CAD 30 million from investors for the exploration of the areas. According to the latest news from Osino, recent drilling has been very successful and the money is being invested in the exploration of new drill targets. The company is focused on releasing a substantial resource estimate as soon as possible.
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