Hello, my partner! Let's explore the mining machine together!

[email protected]

future gold mining

deep level gold mining in the long-term future beyond borders

deep level gold mining in the long-term future beyond borders

And while this may be tragic news for the country it is not necessarily bad news not for the industrys prominent role players should they successfully ramp up their efforts to build strong international portfolios, writes LAURA CORNISH.

The South African gold industry is rapidly declining, Esterhuizen begins. The production numbers confirm this. In the early 1980s the country was producing around 1000 t of gold a year. Today this has dropped to around 100 t.

By 2029 we believe that Gold Fields South Deep mine could be the only deep level mine with meaningful production still producing in the country. There could be a few individual shafts here and there, including some in the Barberton area, but at much lower output levels. Esterhuizen continues.

The scenario the gold industry is facing is the result of a series of decisions taken two decades ago driven by concerns that South Africa was going to become a more politically difficult environment to operate in.

The gold sector underwent significant consolidation in the late 1990s, primarily with the aim of better positioning themselves to evaluate blue sky opportunities off-shore. The potential for profit margins to decrease moving forward were high as political instability and uncertainty plagued the country, Esterhuizen outlines.

In combination with rapidly escalating costs and socio-economic challenges (labour and electricity), the ore bodies were shrinking and the ability to compensate for low tonnages with higher grades at greater depth today is narrowing as most of the best high grade resources have or are being mined out already.

If we could find a way to achieve this we could extend our mines lives considerably. But we dont have the ability to do that anymore because we have stopped spending capital on the asset base, says Esterhuizen.

Having said that, we are not certain this could reverse our current situation. Our asset base has been under-capitalised for at least six or seven years and we no longer have this amount of time to reverse the situation with the current capital being injected into the sector even if the gold market climate changed today.

When questioned about the potential for technology to fix the problem, both analysts agree that even this option cannot save the industry. A lot of technologies have already been tested and most have failed.

It demands an active trading approach (buying and selling regularly) to derive any pleasure from this space. So, we believe that this is not for the faint hearted and some investors do hold a small (less than 10%) position in the portfolio as insurance for that one in a million chance that the worlds financial markets do go into meltdown.

Today, AngloGold and Gold Fields South African gold output represents less than 15% of total company production. AngloGold is also considering taking its exit strategy one step further and is looking to leave South Africa entirely, moving its public listing from the Johannesburg Stock Exchange to the London Stock Exchange.

This will unlikely deliver a re-rating for the company however. We dont believe there is any necessity to move shareholder bases from South Africa, even if operating and growth pipeline portfolios dont reside in the country in future, Esterhuizen notes.

We believe the AngloGold story is good. However, the company has higher gearing and a more muted growth outlook compared to Gold Fields. We are also of the opinion that the new CEO may steer the companys strategy in a slightly different direction.

Recent market anticipation of a potential London listing and divestment of its South African exposure will do little, in our view, to improve free cash flow and as such, will be unlikely to lead to any significant improvement in market valuation.

The risk to our forecast and recommendation is primarily a big change in the gold price. The operational and political risk in South Africa remains a big risk, in our view. Political and regulatory risk in the DRC and Tanzania also remains elevated in our view.

A resolution (fix or sell) on South Deep could see the stock re-rate. Gold Fields generates strong cash flow from the international base (US$200 300 million per annum), which would far outweigh any losses from South Deep.

In our view, the international asset base has been delivering good, strong cash flow, providing a sound dividend and, most importantly, providing potential good internally funded growth over the next two years.

We believe the stock should start to re-rate as investment capex starts winding down and before free cash flow starts coming through (given delivery on that growth in 2020, we believe Gold Fields should start to react in 2019, particularly given the most recent significant sell-down).

Harmonys operational performance has been very strong over the past year, in our view. Hidden Valley seems to be delivering on its latest promise, and the Moab deal could be transformative if the disappointing recent performance can be turned around.

That is all very good, but we believe that Harmony faces a big decision when it comes to Golpu and its future growth. There is still a big question mark over its ability to fund Golpu, while many investors, including us, are concerned about the technical risks associated with Golpu.

Taking all these factors into account, we see Harmony continuing to lag its larger South African gold peers, but we believe that its valuation is very undemanding, also allowing for a get-in-low opportunity.

Again, other than a change to the fold price, any major announcements of acquisitions or major new capital expenditure and significant operational disruptions could have a material impact on our estimates, given the geared nature of the company.

Pan African is still emerging from the setbacks it suffered in 2018 with the closure of Evander underground and the operational setbacks at Barberton. Although it seems as if the company is slowly getting back on track, especially with Elikhulu stating to deliver, we believe it could be some time before the market regains comfort with the Pan African investment case.

Though the valuation multiple has contracted following the setbacks at Evander and Barberton, it is now back above the same for its South African peers. We do not believe the premium rating is warranted yet at this stage given the risks highlighted above.

Our numbers have been pointing to significant upside in Sibanye for a number of months now. We believe that the Stillwater assets are of good quality and should be able to survive throughout the PGM cycle.

The South African PGM operations have also performed better than we expected, with the stronger basket prices being a boon. This has gone a long way to offset some of the losses from the gold operations.

However, there is also ongoing uncertainly around the Lonmin deal. We believe the deal should go through, but we also believe there is a risk of industrial action associated with this that could impact the companys PGM operations.

We remain cognisant of the risk, but we see the very low valuation multiple as allowing enough of an offset to take the risk at this stage. The reward could be meaningful, especially once the gold wage issue with the AMCU is resolved, in our opinion.

The risk to our forecast and recommendation is primarily a big change in the gold price and secondly, any major disappointment at the current gold assets that could cause a significant balance sheet deterioration (given the debt taken on to buy the PGM assets that are not yet strong cash generators). A potential strike on the gold assets could severely damage the balance sheet.

gold etf, gold futures, silver etf, silver futures, gold mining stocks - kitco

gold etf, gold futures, silver etf, silver futures, gold mining stocks - kitco

Copyright . All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

the future for gold is it brighter than ever?

the future for gold is it brighter than ever?

The price of gold is soaring to new levels despite, or perhaps because of, the woes befalling the global economy, and pundits predict it will go higher yet, smashing all sorts of previous records. Will it, and just what makes this particular metal so special?

Its a funny thing but our first primary use for gold was turning it into expensive trinkets like jewellery, iconography, and burial adornments. By 3000 BC we were beginning to use it for trading, and by the 600s BC it was a significant component in our first currencies. Over six and a half thousand years later, more than 90% of the gold mined annually is (still) destined for jewellery, bullion, and coins collectors items of considerable value in other words.

Very little gold is used for industrial purposes, although this use will likely grow as technology finds new ways to use it. Nevertheless, gold remains at base an investment rather than an industrial commodity. We produce enough of it each year to create investment products, but not enough to flood the market, or enable mass production.

Indeed, when it comes right down to it, much of golds remarkably special value has to do with its rarity, versatility, durability, and of course beauty. These qualities historically led humans to put it on a pedestal right from the start and its never really come down from those lofty heights.

1. Gold is scarce.The earths store of gold is finite, and weve already dug most of it up. We also know that accessible reserves on terra firma are dwindling, thus increasing its value. Its also only been relatively recently that weve come to realise we can do something constructive about the commercially significant quantities of gold and other valuable metals that end up in landfill via old mobile phones, computer hard drives and other out of date technological gadgetry. Recycling these effectively will help alleviate some of the demand.

2. Gold mining is akin to digging a needle out of a haystack, albeit with the help of a metal detector. Producing gold is an expensive exercise that requires sifting through tons of waste rock to extract just a few grams of the precious metal. Indeed, from the discovery of those first gold nuggets some 6600 plus years ago right up to today, its estimated weve likely only mined enough of it to fit on a single footie field to a depth of less than 3 metres. Each year we mine just enough to add less than the equivalent of a layer of paint to the surface.

3. Gold is a highly useful, very versatile, and durable (non-corrosive) metal.Sometimes called the King of metals, gold has an atomic number of 79 and is one of the noble metals.Atomic number refers to the number of protons in the nuclei of atoms in a substance. With metals, the higher the number, the denser or heavier the metal is. As a comparison, uranium is currently the heaviest known natural element with an atomic number of 92. There are heavier elements around, like oganesson, which has an atomic number of 118, but theyre invariably man-made.

Even more significantly, gold sits right at the very top of the list of noble metals so is in effect the Supreme Being of noble metals. Its virtually indestructible when it comes to corrosion and oxidation. Thats why gold artefacts found in ancient graves and tombs still look nearly as pristine and fresh (once theyve been cleaned off)as the day they were buried many thousands of years ago.

4. Gold is an excellent conductor of both heat and electricity with significant industrial value. Gold is the 3rd best conductor of electricity behind silver (the silver standard of electrical conductors with a rank of 100) and copper, which has a rank of 97. Gold has a ranking of 76. Its also the 3rd best metal for thermal conductivity again behind silver (top) and copper.Interesting side note diamond is actually the best thermal conductor of all but conversely makes a great electrical insulator because its extremely lousy at conducting electricity.However, where gold trumps both silver and copper for conductivity (both kinds) is in its superior durability (non-corrosive, non-oxidative) qualities, which is why its often used in delicate high-performance applications like electronics. If gold was cheaper and less rare, it would probably be used in general conductivity applications a lot more.

5. Gold is very dense and malleable. Gold, with its high atomic number, is very dense. Its also very malleable and can be spread very thinly. One gram can be worked into 165 metres of non-corrosive, long lasting wire, or a square metre of film 50 nanometers thick. These are both very useful characteristics.

6. Gold is one of the major precious metals (no surprises there!)According toWikipedia, a precious metal (not to be confused with a noble metal although some of the characteristics overlap) is arare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre.

The other major precious metals are silver, palladium, and platinum. Until recently, gold was the most expensive of these metals but over the past year, palladium has leapfrogged into that position as demand for the critical catalytic converter component continues to outstrip supply.

7. Gold is a coinage metal. Along with silver and copper, gold is classed as a traditionalcoinage metaldue to its long history of use for this purpose. Throughout history, gold coins and coins with a high component of gold in them were always associated with the highest denominations of currency, and often reserved for high value trading.

8. Gold traditionally gave the worlds major currencies their value.When paper money came into being, the thing thatinitially gave it any value was gold each type of note or bill was backed by an agreed amount of gold. This was the gold standard, amonetary system where a countrys currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. That fixed price is used to determine the value of the currency.~(Interesting side note the Chinese in the Tang Dynasty (618 907 AD) were the first to use paper money!)

Throughout the 19th and early 20th centuries, most major currencies around the world based themselves on the gold standard. However, this was largely abandoned in the 1920s and 30s in favour of fiat-based systems, although the US retained a link between gold and their currency system until 1971.

9. Gold, despite its ups and downs, remains firmly synonymous with security, stability, and longevity, perhaps to the detriment of unwary investors. Whilst its tempting to think of gold as being unswervingly steadfast in value, its not. It is subject to the same rises and falls in value as other investments. Two decades ago, it was trading at under $300 an ounce.

Since then, its risen to the dizzying heights of $1,917.90 an ounce in August 2011, plunged back down to the $1,000 mark in 2016 and risen again to remain relatively stable between $1,200 $1,400 for the last few years. It took off again in mid-2019 and, apart from a bit of acorrectionin March 2020, has continued rising ever since to finally crack the $2,000 spot price mark in early August 2020.

Campbell Harveyis a Duke University economist and an adviser to investment strategy company Research Affiliates. He has a keen interest in gold and its relationship to pivotal economic cogs. Notably, his research on the metals value throughout the ages from this angle has turned up some interesting information.

One of the things he researched was how much Roman army bigwigs were paid back in the day (around 2000 years ago). According to the meticulous Roman records of the time, their centurions were paid in coins, and the value of the gold in those coins at the time translates more or less equally into the $ value salary of a modern day US army captain. This, along with various other examples, indicates thatthe same amount of gold had the same value relative to household expenses in the Roman Empire as it does now. . That means over all those centuries, the rise in the price of gold has equalled the rise in overall prices.

Ask a dozen different experts and youll likely get around a dozen different theories. Traditionally, there has been a belief that the gold price inversely follows the fortunes of the US dollar. When that is weak, and consumer confidence in it and the US economy generally is low, the price of gold rises and vice versa. However, many believe thats an overly simplistic view, and not always entirely supported by history. There have been times when the USD has risen but so has the price of gold. And vice versa.

Campbell Harvey believes that, long term, gold more or less follows natural inflation and reflects consumer and cost of living price indices. This makes sense given that ever since we started using the metal as a trading commodity, weve fundamentally given it a value in terms of how much a set amount of it will buy in the way of goods and services (the age old gold standard).

Theres plenty of evidence to back up Harveys view. His (and other) research shows that for almost the last half century, the average inflation adjusted price of gold, or its long-term price, has been fluctuating by a fairly consistent multiple that is around 3.5 of the CPI. This price to CPI multiple functions something like theprice-to-earnings ratioand serves as a pretty accurate benchmark or baseline of golds true value in relation to consumer confidence and spending.

Every so often extraordinary market forces push gold well above (like now gold is trading around 7.5 timesabove the CPI, which is not sustainable long term) or below this benchmark. It may simmer along like this for a while but eventually, as happens with company stocks when they go up and up, prices reach a point where investors are no longer prepared to pay that much for their share of a corporate dollar earned, or an ounce of gold. When that happens investors sell whilst the going is good, grab their profit, and run, which forces prices back down towards the benchmark again. Conversely, gold can remain below the benchmark for extended periods too, which is when the savvy (and patient) investors will buy!

Currently, the US Government and its Federal Reserve System is printing money almost ad hoc, has entered into huge bail out packages for its citizens, kept interest rates at just under 1%, and there is currency debasement happening as well. Theyre not alone in doing this by any means but for global economic purposes, its the US that matters the most. Then there is the deteriorating relationship between the US and China, the looming US Presidential election, the unprecedented slow down of most economies around the world, and the uncertainty about the future brought on by the global health pandemic.

From an investment viewpoint, current low interest rates across much of the developed world right now means keeping money invested in the banking system isnt the most profitable of investment options. Back in April, the Bank of Americatipped gold to reach US$3,000an ounce before the end of 2021 largely because interest rates are likely going to stay low for at least that long, and perhaps longer.

Its certainly unprecedented and uncertain times for the modern world and people are panicking about their health, job security, finances, the economy Historically weve seen over and over that uncertain times bring out the gold bug in investors, generating speculative investor frenzies that (unsustainably) drive its price up. Goldman Sach analysts in fact recommended in March, during that brief correction period, that now is the time to be buying gold because its a safe haven during the current economic turmoil.

The current gold price spike though has a few added factors that differ from past spikes. We looked atthe rise of the megalith superannuation fundsin a previous article and their growing dominance of the worlds stock exchanges. These funds exercise enormous investment powers, and if they all go after gold at the same time, thats going to affect the market in a big way.

Likewise, authorities like Campbell Harvey point to the rise of gold exchange traded funds (ETFs) that have made it much easier for the average Joe Blow to get into gold ownership. That helpsfuelinvestor driven spikes like the one happening now. Colloquially referred to as massive passives, these large funds specialise in passive aka buy-and-hold investment portfolios that generate profits over the long term. Indeed, superannuation funds often offer eligible members the option of investing in gold via ETFs and other managed funds. Currently, it seems many involved in these ETFs believe golds momentum will continue rolling smoothly upwards for some time yet, which is fuelling the fire.

They could well be right. Well known business entrepreneur Warren Buffett likes to use the phrase bandwagon effect to describe the snowball-like momentum that happens when people start buying up big in a particular commodity. The more they buy, the more demand they create, which drives up the price. This confirms (to them) that their investment is on the money and so the momentum continues to build. Currently, the more thatinvestors continue to plough their money into gold as a way of hedging against future uncertainties, the higher it is likely to go. At least that isuntil that other age old economic principle swings into action what goes up must surely come down again, and so the bubble bursts.When that will happen is the $64,000 question!

Gold ETFs have also reported consecutive days of outflows so clearly some investors are cashing in their gold and bailing. The price has also steadied since, mostly hovering between $1,920 and $1,950 with one short lived spike that took it back up over $1,960.

Experts though believe this cycle of rallies and minor corrections will continue for at least as long as global interest rates remain exceptionally low, currency is being debased, governments are printing money and funding massive stimulus packages.

India has been the largest buyer of gold for many thousands of years and is officially the second largest consumer today. However some would rank India as the largest buyer if you take into account unregistered trade. The agricultural crop of India which is linked to the monsoon is the primary thing that determines the demand and consequently the price of gold. Everything else is less likely to sway the market and just jargon or deliberate confusion to swing markets. Recessions have effect only when combined with a bad monsoon in India. The cumulative holding if all stocks in India is mind blogging. India still keep unearthing huge hoards of old stocks of Gold officially.

top 10 biggest gold mining companies in the world 2021 - precious metal info

top 10 biggest gold mining companies in the world 2021 - precious metal info

By next year, the industry may feel a little outdated and the third-world mining camps and industrial pollution is doing little to amend that reputation, but the business of gold mining is as essential to the global economy as it has ever been.

The largest gold mining companies in the world are based, generally, in places where there have been successful mining operations previously, such as in the American West, South Africa and Australia. Because there is no conclusive way to determine where the next gold strike will occur, operations can be in several locations with a plurality in Indonesia, West Africa and South America.

Overhead can be onerous for gold mining companies so illiquid assets are common. The cost of doing business is burdensome when an industry does not respect national borders. Therefore, gold mining companies often work in parts of the world where corruption is common, and allegations of international law violations are not uncommon.

We would be remiss not to point out that every company we review in this article has some sort ofenvironmentally friendly initiative that runs counter to the claims of environmental damage from poor governments who seek to make money off fines. Veracity is problematic on both ends.

It can take a new gold mine years to get into production and decades longer to become profitable. For a gold mining company to grow, it must either invest for years in a new mine, buy a smaller mining company with a promising mine or contribute capital to be cut in on the profits of an operation already being run by another mining company.

It's not difficult to invest in gold. Shares in gold mining companies can be purchased on most major trading platforms or in a mutual fund, depending on the products offered by your financial institution.

To present to you accurate summaries of the top 10 gold mining companies, we did our homework. We reviewed media coverage of the mining and metals industry, gathered information available from regulatory bodies and analyzed data furnished by national governments. Additionally, we studied media coverage alleging improper business conduct on the part of mining operations and studies conducted by Human Rights Watch and the United Nations.

We paid special attention to allegations of environmental and human rights crimes, stock prices over the last five years, forecasts for 2019 and any major developments in active mines or the acquisition of active mines.

Barrick Gold Corporation isthelargest gold mining company in the world, although its status is far from assured going forward. The company is headquartered in Toronto and operates mines in Canada, the United States, the Dominican Republic, Argentina, Peru, Papua New Guinea and Chile.

Despite some far-flung operations, Barrick makes the vast majority of its revenue in the Americas. Barrick recently agreed to a lucrative mutual investment with the Chinese mining giant Shandong Gold in an effort to retain its premier status.

The company's all-in sustaining cost margins have eclipsed those of Barrick. Despite a recent pullback in share prices, projections for growth insinuate Newmont will be the industry leader in short order.

Aside from Newmont, the Johannesburg-based mining company AngloGold Ashanti represents Barrick's strongest competition for the top spot in the industry. The company has operations in Argentina, Brazil, Colombia, South Africa, Tanzania, Ghana, Guinea, Mali, the Democratic Republic of Congo and a few remote islands in the South Pacific. Modest growth projections suggest Newmont is stronger competition for Barrick, but AngloGold Ashanti is a nascent uptrend that should hold through 2019.

The Kinross Gold Corporation is a mining company with its headquarters in Toronto and active mines in the United States, Brazil, Ghana, Mauritania and Russia. Historically, the company has expanded by conducting mergers and acquisitions to grow in new markets. That has informed projections for substantial growth in 2019 alongside their successful extant projects.

Goldcorp is one of the largest gold mining companies in Canada, with a headquarters in Vancouver and operations in Canada, Mexico, Honduras, Guatemala and the Dominican Republic. The company has a strong reputation as an environmentally responsible operator and a fair employer with the Canadian reputation.

The company has faced a number of legal issues, but has yet to be proven to be at fault for any major infraction common among gold mining companies. The last five years have been difficult for Goldcorp but projections for 2019 are good.

Although Newcrest Mining Limited was founded in New York, it is now among the largest gold mining companies out of Australia. The company's mines are concentrated in Australia, with ancillary operations in Papua New Guinea, Indonesia and the Ivory Coast.

The company's second-most profitable revenue stream behind gold is copper, which Newcrest mines across the company's home country. In 2010, Newcrest merged with Lihir Gold, one of the largest Indonesian gold mining companies, to become a more competitive force in the industry.

The firm's all-in sustaining costs are the worst among the companies reviewed for this article. Polyus has overcome those costs to fuel massive increases in share price over the course of 2015 and 2016, after which the price stabilized.

Gold Fields Limited is the second-largest of South Africa's gold mining companies. The company is headquartered in Johannesburg, and it has active operations in South Africa, Ghana, Australia and Peru.

Gold Fields has historically relied on acquisitions to expand the company's presence in regions where it is already active. The company runs a very efficient operation in terms of all-in sustaining cost compared to the largest gold mining companies in the world.

Agnico Eagle Mines Limited is one of the largest gold mining companies in Canada. Its headquarters are in Toronto and it has operations in Canada, Mexico and Finland. Despite a hit to share prices early in 2018, the company's share value has climbed by 18 percent since 2014. Its share price also beat third quarter earnings and revenue expectations to maintain the company's long-term uptrend.

Freeport-McMoRan is the largest of Arizona's gold mining companies. The firm operates primarily in the American West but it also has active mines in Chile, Peru, Spain and Indonesia. The company's gold business lags behindits performance in molybdenum and copper production.

In the last five years, Freeport-McMoRan's share price is down nearly 70%, but projects are in the works to put the company back on track. As of the third quarter of 2018, the company is on a nascent uptrend.

Among these companies, it is most likely Newmont will overtake Barrick in 2019 as the largest gold mining outfit on the planet and a share price to reflect its achievement. That being said, it is hard to bet against a company with the track record of a firm like Barrick, especially when you consider its new partnership with Shandong Gold.

The only other firm with a realistic shot at overtaking the reigning champion is AngloGold Ashanti, which, admittedly, does not have as strong a chance as Newmont. If the heavyweights are too thick for your blood, consider investing in Agnico Eagle or Freeport-McMoRan, dark horse companies with strong projections. No matter what, do not miss out on the gold market in 2019.

the future of gold mining in mexico spotlight mining

the future of gold mining in mexico spotlight mining

Mexico is a country best known for silver mining; however, we cannot ignore the long history of commercial and artisanal gold production that has been written over the last 500 years. In fact, gold and silver account for more than 50 percent of the countrys total metals output and Mexico is the worlds 9th biggest gold producer.

Gold production in Mexico has stayed relatively stable over the past decade. This somewhat contrasts with the fact that very few new mines have opened over the last few years, owing to a combination of an uncertain gold price environment and the mining companies focus on reducing costs. Of course, we should also look to even more recent data that gives us some insight into the impact of the pandemic on Mexicans gold production. According to INEGI, gold production in Mexico increased to 6036 kg in August from 5798 kg in July of 2020. Read on to learn more about this rebound in Mexico gold mining.

As mentioned above, Mexico is a top gold-producing country. Several active mines can be found throughout the states of Mexico. Data provided by INEGI in August 2020 reveals that the top gold-producing states are as follows (Figure 2):

La Herradura is currently Mexicos top gold mine, having produced around 482.7k oz of gold in 2019 (Table 1). According to Mexicos Mining Chamber CAMIMEX, in 2019, the ten largest operational gold mines in Mexico are:

During the first two months of the lockdown period, Mexicos government declared the mining sector as a non-essential activity. This will most likely affect the 2020 overall gold production figures, i.e., the gold production in 2020 is expected to be lower than previously anticipated. It should be reinforced that in 2020 the mining activity went through periods of inactivity owing to the Covid-19 world pandemic. As a result, gold production in Mexico decreased during the first half of 2020. As of right now, the mining industry is active and going through a recovery process. For this reason, data from last year does not give significant insight and should not be used as a reference or be compared with 2020 figures to make predictions about Mexicans gold production in the future.

On the other hand, while the COVID-19 crises heavily impacted the demand for industry metals, gold has seen sharp price increases during 2020. In last April, gold passed US$1,700/oz for the first time since 2013 and on May 18 it hit a high of US$1,756.90/oz. Presently, higher prices are encouraging investors and mining operators to increase their global gold production.

The pandemic situation we are currently living in undoubtedly affected Mexicos gold production. This was true at least during the first half of 2020. Currently, Mexico is living a period of renewed production that is triggering fresh investment making it the country with the largest number of gold projects in the Latin America region. In fact, many of our friends are part of this trend. Vangold Mining, Mammoth Resources and Riverside Resources have active gold projects in Mexico.

Indeed, experts have noted that around 70 percent of Mexico shows great geological potential for mining, making the country the worlds fourth-largest foreign direct investment destination for mining. Mexico also is the United States second-largest export market and the third-largest trading partner.

Whatever the future holds it is unquestionable that Mexico remains a country abundant in untapped precious metals and a prime location for commercial production. For all these reasons, it just might be the perfect time to invest in a company with assets in Mexico.

Spotlight Mining share and produce articles of interest for companies in the junior mining andtech sectors. While we're keen observers, we arenotfinancial advisors, in fact we're not even very good investors ourselves. We encourage you to doyour own due diligenceand seekprofessional advice on the risks, before investing any funds.Only ever invest what you can afford to lose.

Related News
  1. limestone powder manufacturing process
  2. chinese gold mining machines in africa
  3. iron powder jaw crusher for minerals
  4. gravel crushers in ont haryana for sale
  5. india small jaw crusher price for sale
  6. stone crusher tonic
  7. south african mining equipment suppliers mining equipment manufacturers
  8. quartz mining quarry
  9. fuel consumption of mining equipment
  10. pre independence german gold mining in kenya
  11. vsi x crusher gallery
  12. mining equipment companies
  13. professional ball mill grinding pyrite ore stone
  14. efficient medium silicate circular vibrating screen manufacturer in beishan
  15. high frequency screen actors
  16. crusher run gravel stone vendors in indonesia
  17. stone crushers machine and its cost
  18. gold mill manufactureres loed in southafrica
  19. 100 maxtrak t cone crusher
  20. gastric mill lobster malaysia