The Top Reasons Gold is Still Offering Investors a Golden Opportunity

Gold is still offering a golden opportunity. For one, inflationary data is supporting gold.

“Traders know that inflation isn’t going to ease off from its current level overnight, even though we may have seen a peak inflation situation,” said Naeem Aslam, chief market analyst at AvaTrade, as quoted by MarketWatch.com. “The other important point for gold traders is that if inflation has peaked, that means that the future trajectory of the [Federal Reserve’s] monetary policy isn’t going to be as hawkish as it currently is,” said Aslam. “This fact is also supporting the current gold price move.” That’s all positive news for companies such as Nine Mile Metals (CNSX:NINE.CN) (OTC-BB:STVGF), Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX.TO), Newmont Corporation (NYSE:NEM) (TSX:NGT.TO), B2Gold Corp. (TSX:BTO.TO) (NYSE:BTG), and Gold Fields Limited (NYSE:GFI).

In addition, Goldman Sachs still believes the metal could see $2,500 by the end of the year—especially with fears of a potential recession. According to Jeff Currie, Goldman Sachs global head of commodities research, as quoted by Bloomberg, “It’s a perfect storm for gold right now.” In addition, “There’s three legs to this story. One, you have strong investor demand for gold over concerns about inflation, recessions, and downturn in places like Europe. The second leg is central bank buying … and with the situation in Russia, they’re likely to accumulate dollars in reserves they can’t do anything with. What can they do with it? Buy gold.”

Look at Nine Mile Metals (CNSX:NINE.CN) (OTC-BB:STVGF), For Example

Nine Mile Metals just announced the Company’s initial Phase 1 drill program at its flagship Nine Mile Brook VMS Project in the world-famous Bathurst Mining Camp, in New Brunswick Canada. The Company has received all Drill and Forestry Permits from the New Brunswick Department of Energy and Mines for the Phase 1 drill program.

The Company has engaged a very experienced VMS drill crew from Lantech Drilling, based in Dieppe, New Brunswick. Utilizing an environmentally friendly track mounted drill rig, the Phase 1 drill program will consist of 4 to 6 drill holes targeting the mineralized horizon at the southern section of the Nine Mile Brook Property. Last year’s work program analysis defined two zones of mineralization at the southern area of Nine Mile Brook Property generated by our geophysical partner, EarthEX Geophysical Solutions. The Company’s Phase 1 drill program will test both targets. Upon completion of this Phase 1 drill program, the drill holes will be capped to facilitate Borehole Electro-Magnetic Surveying which identifies subsurface conductors along strike and at depth providing a 3D model of the mineralization. The results identified in the BHEM program will be tested in Phase 2 along with the forthcoming 3D AI Analysis that EarthEX Geophysical Solutions is currently processing.

“We look forward to commencing the Phase 1 drill program on the Nine Mile Brook VMS Project and working with EarthEX to expand the known mineralization and define additional, satellite source deposits in this highly prospective portion of the Bathurst Mining Camp. We anxiously await the new analysis EarthEX is currently processing for the Phase 2 drill program defining the strong conductor contact targets along the Spruce Lake formation host rocks for the source deposit. This part of the Bathurst Mining Camp has been under explored and with this new proprietary cutting-edge technology and AI processing, I am confident this area of the BMC will identify and discover further VMS High Grade economic deposits. We continue at Nine Mile Metals to drive shareholder value and growth of the Company’s economic asset base”, stated Patrick J Cruickshank, MBA – Director.

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects and reviewed and approved by Gary Lohman, B.Sc., P. Geo. who acts as the Company’s Qualified Person and as the COO of FMC, and is not independent of the Company.

Other related developments from around the markets include:

The groundbreaking partnership agreement between Barrick Gold Corporation, the federal government of Pakistan and the provincial government of Balochistan should unlock the enormous value of Reko Diq, one of the world’s largest undeveloped copper and gold deposits, president and chief executive Mark Bristow said today. Speaking on an investor call, Bristow said the project represented a unique mining opportunity, which would be a major addition to Barrick’s Tier One¹ asset base, while also bringing significant economic and social benefits to Pakistan and Balochistan.

Newmont Corporation announced that it will acquire the remaining 5% interest in Yanacocha from Sumitomo Corporation for $48 million. The transaction is expected to close in the second quarter, making Newmont the exclusive owner-operator of this world-class asset.

This announcement follows an announcement in February 2022, in which Newmont acquired Buenaventura’s 43.65% interest in Minera Yanacocha. “This transaction gives Newmont full equity ownership of the Yanacocha district where we are positioning the Sulfides project for profitable production and value generation for decades to come. We have deep knowledge of the asset and the value it brings to Newmont stakeholders,” said Newmont President and CEO Tom Palmer. “We are committed to continuing to be a catalyst for sustainable development in Peru and look forward to continuing to work closely with communities in the Cajamarca region and the Peruvian government.”

B2Gold Corp. announced an updated and significantly increased Mineral Resource estimate for the Anacondaarea, comprised of the Menankoto permit and the Bantako North permit, located approximately 20 kilometres from the Fekola Mine, including initial estimates for oxide Indicated Mineral Resources and sulphide Inferred Mineral Resources. Based on the updated Mineral Resource estimate and B2Gold's preliminary planning, the Company has demonstrated that an open pit situated on the Anaconda area could provide selective saprolite material (average grade of 2.2 grams per tonne) to be trucked to and fed into the Fekola mill commencing as early as late 2022, subject to obtaining all necessary permits and completion of a final development plan.

Gold Fields Limited announced profit attributable to owners of the parent for the year ended 31 December 2021 of US$789m (US$0.89 per share). This compared with profit of US$723m (US$0.82 per share) for the year ended 31 December 2020. A final dividend number 95 of 260 SA cents per share (gross) is payable on 14 March 2022, giving a total dividend for the year ended 31 December 2021 of 470 SA cents per share(gross). Gold Fields Limited is a globally diversified gold producer with nine operating mines and one project in Australia, Chile, Ghana (including our Asanko Joint Venture), Peru and South Africa, with total attributable annual gold-equivalent production of 2.24Moz. It has attributable gold-equivalent Mineral Reserves of 52.1Moz and gold Mineral Resources of 116.0Moz.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Nine Mile Metals by Nine Mile Metals We own ZERO shares of Nine Mile Metals. Please click here for full disclaimer.

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