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August 11th, 2020 | 09:46 CEST

B2Gold, Desert Gold, Osino Resources - Gold is becoming scarce

  • Gold
Photo credits: pixabay.com

The price of a troy ounce of gold has been quoted at over USD 2,000.00 for some time now and has thus reached historic territory. Given that fears of a decline in the value of fiat money are encouraging people to flee to the world's oldest currency, this situation is expected to continue as long as central banks and politicians implement measures to mitigate the consequences of the Corona Pandemic. The measures taken in 2020 are likely to be ten times higher than the activities related to the financial crisis in 2008/09. The value driver for gold is the fact that it cannot be produced artificially and, in addition, by 2029, annual production volumes are estimated to have fallen by 45%, which could have an additional panic effect.

time to read: 1 minutes | Author: Mario Hose
ISIN: CA11777Q2099 , CA25039N4084 , CA68828L1004

Table of contents:


    Nick Luksha, President, Prospect Ridge Resources
    "[...] As we look at four or more zones in more detail from the beginning, investors can expect a continuous news flow that will underscore our vision of the Holy Grail project as a giant opportunity. [...]" Nick Luksha, President, Prospect Ridge Resources

    Full interview

     

    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.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

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    Der Autor

    Mario Hose

    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.

    About the author



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