November 14th, 2019 | 10:53 CET
MKANGO RESOURCES, OSINO RESOURCES AND TRIUMPH GOLD - PURCHASE OPPORTUNITIES AFTER PRICE DECLINE?
The past 12 months have been marked by positive developments for gold and silver investors. During this period, the price per ounce of gold rose from below USD 1,198.00 to over USD 1,557.00 - an increase of around 30%. Over the same period, the price per ounce of silver rose by over 41% from less than USD 13.90 to more than USD 19.65. The price per ounce of silver rose from less than USD 1,198.00 to more than USD 1,557.00, an increase of around 30%. In this context, the development of the shares of gold companies is also exciting. The recent decline in the price of precious metals can also be an opportunity to enter the market.
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Author:
Mario Hose
ISIN:
CA60686A4090 , CA68828L1004 , CA8968121043
Table of contents:
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.
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GOLD FROM THE SOUTH OF AFRICA
The share price of the Canadian gold exploration company Osino Resources has experienced a real rally over the past 12 months. Investors have seen a 385% increase in value from CAD 0.22 to CAD 1.07. The company is focused on discovering gold deposits in Namibia and CEO Heye Daun is no stranger to the scene.
It can be assumed that Osino will be taken over by a gold producer in the coming years and it would not be the first exit of this kind for the company's CEO. Osino's current market value of around 41 million CAD still offers a lot of room for improvement.
HISTORICAL GOLD AREAS OF CANADA
The gold of the Yukon is the focus of Triumph Gold from Canada. The share price rose 81% from CAD 0.32 in November 2018 to CAD 0.58 in August 2019. Since then, the share has corrected to CAD 0.30 and the market value is around CAD 30 million.
Tony Barresi, President of Triumph Gold, recently stated in a corporate news release, "We are pleased to announce positive drill results from the Blue Sky Zone, the second of three areas tested for high-grade, gold-rich porphyry mineralization during the 2019 field season. At the beginning of the season, drilling at Brekzie WAu was successful and intersected two mineralized zones which together returned a very good interval of 601.80 metres averaging 1.1 grams gold equivalent per tonne. This success now continues with another long and rich interval in the Blue Sky Zone 300 metres away. As we continue to intersect these high grade breccia bodies and improve our understanding of them, we are building capacity to discover more of them and improve the outcome of their integration into a future resource model". The current price level may be an attractive entry opportunity.
GROWTH MARKET SUPPLY CHAIN
Investors are also experiencing volatility at Mkango Resources - an opportunity that can promise returns. Mkango's main business is rare earth and associated mineral exploration in the Republic of Malawi. The Company holds interests in four exclusive prospectus licenses in the African country: Phalombe, Thambani, Chimimimbe Hill and Mchinji.
The main exploration target of the 51% Phalombe license is the Songwe Hill Rare Earth Deposit. Investors looking for opportunities to invest in the supply chain for magnets and other technologies in the growth market for electric vehicles should take a closer look at the title.
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