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Jerre Foo, Corporate Development Executive, Silkroad Nickel

Jerre Foo
Corporate Development Executive | Silkroad Nickel
50 Armenian Street #03-04, 179938 Singapore (SGP)

enquiries@silkroadnickel.com

+65 6327 8971

Silkroad Nickel: 'The course is set for dynamic profit growth.'


Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG

Dr. Thomas Gutschlag
CEO | Deutsche Rohstoff AG
Q7, 24, 68161 Mannheim (D)

info@rohstoff.de

+49 621 490 817 0

Interview Deutsche Rohstoff AG: "We can imagine additional investments in the field of electromobility."


Steve Cope, President, CEO and Director, Silver Viper

Steve Cope
President, CEO and Director | Silver Viper
1055 W Hastings St Suite 1130, V6E 2E9 Vancouver (CAN)

info@silverviperminerals.com

+1-604-687-8566

Interview with Silver Viper: Future price drivers and takeover fantasy


05. August 2020 | 07:06 CET

Barrick Gold, Osino Resources, Triumph Gold - who will double next?

  • Gold
Photo credits: pixabay.com

August 4th, 2020 will probably go down in history books, the day when the gold price first climbed above the USD 2,000.00 mark. But perhaps it will also lose significance, because the USD 2,500.00 and USD 3,000.00 mark may soon fall. Why? Quite simply because, as the money supply increases, more and more people are fleeing into the oldest currency in the world: gold. The advantage of physical gold over certificates and other printable products is its uniqueness. While central banks around the world print money to maintain social peace during the Corona restrictions, the price marks for physical gold will fall like dominoes.

time to read: 2 minutes by Mario Hose


Steve Cope, President, CEO and Director, Silver Viper
"[...] In our experience, the local communities are supportive and friendly. [...]" Steve Cope, President, CEO and Director, Silver Viper

Full interview

 

Author

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


Gold production will shrink

Companies such as Barrick Gold, Iamgold and Newmont are responsible for the gold supply. Without these large producers, it would be impossible to satisfy the appetite of the market. However, experts also expect gold production to peak in 2020. According to forecasts, this year around 118 million ounces of gold will be brought to the market by the largest producers. Starting next year, a decline in the annual quantity is expected. In 2029 only 65 million ounces of gold are expected to reach the market. There is still some time to go before then, but a decline of around 45% in annual production volume by the end of the decade has the potential to cause some panic.

Gold supply is getting harder

B2Gold, Barrick Gold and Newmont, as well as the other big names, have already recorded a reduction in reserves of around 34% overall since 2012. In addition, the time window from discovery to production is lengthening on average from year to year. Whereas in 2000 it took around ten years to extract the first gold, by 2010 it will have taken 20 years and by 2020 it is expected to take 30 years. The reasons for this include environmental protection requirements and approval procedures.

Takeovers and mergers will increase

The producers are aware of this development and are also engaged in the exploration and development of their own projects. As the price of gold rises, the margins of these companies will increase significantly and fill the war chest for takeovers and mergers. The focus will soon be on companies in the exploration and development stage that have already discovered or are about to discover more than one million ounces of gold. Ideally, takeover targets in already established regions.

Focus is on exploration

There are some companies that could be considered as a possible target. Osino Resources is focused on the development of its own gold projects in Namibia. CEO Heye Daun has successfully built up a company in the past and sold it to B2Gold. Osino is now also active in the familiar neighbourhood and will probably be taken over by a large producer in the foreseeable future.

Triumph Gold has projects in the Yukon and Newmont is already the largest shareholder. It is expected that these companies will be able to expand the gold deposits with further drilling, thus increasing the probability and value of a takeover. Exploration, i.e. the work of these companies, for example, is where the future supply for the major producers comes from.


Author

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



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.


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