The US dollar is weakening and concerns about inflation and government spending are growing. The time now could be similar to the time in the late 1970s. Those years were very good for gold. This would also help the mining companies, who can then more easily support themselves or find financing more easily.
In recent years it has not been so easy for junior companies to get financing under one roof. And the big gold companies have made few new gold discoveries. That could change, because acquisition opportunities are currently rare. So more emphasis should be placed on new discoveries.
But there are also gold companies that already own promising gold properties, such as Aurania Resources or Filo Mining.
Aurania Resources – https://www.commodity-tv.com/play/aurania-resources-update-on-corona-impact-food-support-of-local-shuar-people/ – focuses on precious metal and copper projects in South America. The main project is The Lost Cities Cutucu project in southeast Ecuador. Two geologists and a professor started out doing historical archival research. Today the project is being studied using the most modern methods and this particular combination has already shown the presence of high grade copper, silver and gold deposits. Current samples have returned up to 6.1 percent copper and 51 grams of silver per ton of rock.
Filo mining – https://www.resource-capital.ch/de/news/ansicht/die-naechsten-jahre-als-goldene-chance/ – Owns 100 percent of the Filo del Sol property in Chile with gold, silver and copper deposits. Additional drilling could triple the size of the known deposit. The company is well funded to continue drilling on a large scale.
Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -) and Filo Mining (- https://www.resource-capital.ch/de/unternehmen/filo-mining-corp/ -).
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