November 3rd, 2021 | 12:12 CET
Osino Resources, Barrick, Newmont - Now comes the countermovement!
Inflation has been rising significantly for months. In October, consumer prices in the euro area rose by 4.1% YOY, the highest level in over 13 years. In Germany, the inflation rate even climbed to 4.5%! The last time this happened was in October 1993. Central banks dismiss this as a temporary phenomenon. The head of Deutsche Bank, Christian Sewing, made this clear a few days ago with his statements in the Frankfurter Allgemeine Sonntagszeitung. The manager vigorously contradicts the wishful thinking of a temporary phenomenon and calls on the central banks to act. Given these general conditions and prospects, investors can protect their money in the best possible way by investing in tangible assets such as shares, real estate, commodities, or precious metals.
time to read: 2 minutes
|
Author:
Carsten Mainitz
ISIN:
OSINO RESOURCES CORP. ON | CA68828L1004 , BARRICK GOLD CORP. | CA0679011084 , NEWMONT CORP. DL 1_60 | US6516391066
Table of contents:
"[...] We have already discovered 1.1 million ounces of gold on our 440 km2 flagship SMSZ Project and our stock market value is currently around USD 10.60 per troy ounce in the ground. [...]" Jared Scharf, CEO, Desert Gold Ventures Inc.
Author
Carsten Mainitz
The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.
Tag cloud
Shares cloud
Osino Resources - Successfully placed capital increase
The Canadian explorer recently announced the completion of a capital increase with gross proceeds of CAD 10.5 million. A total of 9,545,455 shares were placed at CAD 1.10 each. For each share certificate, investors received half a warrant, which entitles them to purchase shares at a price of CAD 1.35 for a period of 22 months. The share is currently trading at CAD 1.12, valuing the Company at CAD 123 million.
Osino plans to use the net proceeds from the private placement to explore and develop the Twin Hills Gold Project in central Namibia, including drilling, surveys, engineering studies, surface rights and working capital, and general corporate purposes. The Twin Hills Gold Project is located in the Damara Sedimentary Belt, also referred to as the Namibian Gold Belt. In total, the Company holds a land package of approximately 6,700 sq km in this region with good infrastructure.
At the Twin Hills property, past drilling has brought to light two new mineralized zones, "Clouds North" and "THW Terminal 1". The Company hopes to add significantly to its initial April resource estimate of 430,000 ounces at 1.00 g/t gold (indicated) and 1.47 million ounces at 1.08 g/t gold (inferred). Analysts recommend buying the share and see significant upside potential. The experts formulate CAD 2.60 as an average price target.
Newmont - Revision of annual targets
The quarterly figures recently published by the world's largest gold producer led to a decline in the shares of the industry leader and weighed on the entire industry. Newmont missed market expectations by USD 0.13 with Q3 earnings of USD 0.60. Adjusted, there was even a loss of USD 0.01. The imminent sale of the Conga mill had an impact here. Newmont and Barrick together operate the joint venture Nevada Gold Mines (NGM). At NGM, there were also recently production disruptions, which weighed on output.
Not at all well received was the fact that Newmont revised its outlook for the current fiscal year. Now the Company put a gold production of 5.9 million ounces against the forecast of 6.4 million ounces, which was formulated in December 2020. Despite current long faces among investors, the Newmont story is in full swing. With good prospects for a rising gold price in the medium term, the stock should be able to rally soon.
Barrick Gold - Great excitement in the run-up to the quarterly figures
On November 4, the industry's No. 2 will release its third-quarter numbers. With the recent drop in the share price, the stock market is already pricing in disappointment. Newmont's figures had led to this, although Newmont suffered from one-off effects. The lower output of the Nevada Gold Mine joint venture in recent months should not prove to be a boomerang, as the Canadians had communicated transparently about it. Of course, the question is whether Barrick will also have to row back concerning the targets in the past fiscal year. We do not believe in this and expect a counter-reaction of the share soon.
Tangible assets are the means of choice for investors to protect themselves against a loss of purchasing power in an inflationary environment. With gold producers Newmont and Barrick, investors can do just that. The Osino Resources share is an interesting addition and enables leverage to benefit from the development of the gold price. In addition, the Company has just completed a capital increase, which will be used to further develop the Twin Hills gold project.
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.
Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.
The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.
