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November 3rd, 2021 | 12:12 CET

Osino Resources, Barrick, Newmont - Now comes the countermovement!

  • Gold
Photo credits: pixabay.com

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:


    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.

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    Der Autor

    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.

    About the author



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