This is Why It’s Still a Good Time to Invest in Gold

June 22, 2022 - Baystreet.ca


It’s still a good time to invest in gold. In fact, according to Kristian Hooper, Chief Investment Strategist at Invesco, “Gold prices will remain well supported through the rest of the year as rising recession and stagflation fears dominates sentiment throughout financial markets,” as noted by Kitco.com. “The Fed's hawkish stance is helping to drive up real yields, which is traditionally negative for gold, a nonyielding asset. However, Hooper noted that investor fear, as equity markets fall deeper into bear-market territory, is driving safe-haven demand for gold.” That being said, investors may want to keep an eye on Calibre Mining Corp. (TSXV: CXB) (OTCQX: CXBMF), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Newmont Corporation (NYSE: NEM) (TSX: NGT), B2Gold Corp. (TSX: BTO) (NYSE: BTG), and Equinox Gold Corp. (TSX: EQX) (NYSE: EQX).

Look at Calibre Mining Corp. (TSXV: CXB) (OTCQX: CXBMF), For Example

Calibre Mining Corp. provided a multi-year outlook of its forecast gold production, highlighting the Company’s 2023 and 2024 production increase.

Highlights

- 2023 consolidated production: 250,000 – 275,000 ounces: 15% increase over 2022;

- 2024 consolidated production: 275,000 – 300,000 ounces: 25% increase over 2022;

- 2023 – 2024 grade driven production growth in Nicaragua underpinned by the development of high-grade reserves, including Pavon Central and the Eastern Borosi Project

Pavon Central open pit (6.5 g/t Au reserve grade) development is expected early 2023 with

Strong indications for resource expansion along Pavon Central south extension and Pavon South;

EBP open pit (6.8 g/t Au reserve grade) development expected H2, 2023;

- The Company’s outlook does not yet include;

Federally approved Gold Rock Project (2020 PEA) 50 – 55 koz annual production;

Volcan discovery (news release dated June 8, 2021) located approximately 5 kms from the Libertad mill;

Tranca discovery (news release dated September 8, 2021) located approximately 10 kms from the Libertad mill;

New high-grade Panteon North discovery (news release dated May 16, 2022) within the Limon Complex.

- 170 km resource expansion and discovery drilling programs underway in Nevada and Nicaragua; and

- >1Mtpa of excess milling capacity representing low capital intensity production upside.

Darren Hall, President & Chief Executive Officer of Calibre, stated: “High-grade, open pit reserves at Pavon Central (6.5 g/t Au) and Eastern Borosi (6.8 g/t Au) will fuel a 25% increase in consolidated production by 2024 leading to lower per ounce costs and increased margins. The effectiveness of our operating model to efficiently permit and develop satellite deposits by leveraging off the installed capacity at La Libertad will continue to result in high returns on invested capital.

“Additionally, drilling investment at the Pan Mine in Nevada is expected to lead to mine life expansion and operational efficiencies while we advance the adjacent Gold Rock Project to potentially add a second producing asset with the ability to double our Nevada production which is not yet included in this outlook.”

“With $77.3 million in cash at the end of Q1 2022, no debt and strong cashflow from our producing assets, this reserve backed multi-year production outlook solidly positions Calibre to self fund additional, low capital intensity growth initiatives while continuing to invest in value accretive exploration to support our future.”

Other related developments from around the markets include:

Barrick Gold Corporation announced a $0.20 per share quarterly dividend, the first to include a $0.10 per share performance component in line with its new dividend policy. President and chief executive Mark Bristow said the Company’s net cash balance at the end of Q1 stood at $743 million, reflecting cash flow from the operations, the continuing sale of non-core assets, and its share of a further $0.6 billion in cash distributions by Kibali. Since agreement on the repatriation of revenue from Kibali was reached with the Democratic Republic of Congo (DRC) last year, Kibali has delivered $1.2 billion (on a 100% basis) in the form of dividends and debt repayments, inclusive of distributions received subsequent to March 31, 2022.

Newmont Corporation has closed a transaction with Skeena Resources Limited to acquire certain properties located in Tahltan Territory in northwestern British Columbia. Newmont will work in collaboration with the Tahltan Nation, the Iskut community and the British Columbia government to make available portions of the acquired properties to support the land use planning objectives of the Tahltan Nation and the Iskut community. “We are committed to sustainable resource development and developing a world class mining jurisdiction while protecting and conserving lands that are important to the Tahltan Nation and the Iskut community,” said Newmont President and CEO Tom Palmer. “The mining claims around Iskut are not being purchased for development or their mineral potential, but in an effort to address concerns raised through our engagement with the Tahltan Nation.”

B2Gold Corp. announced that it has published its sixth annual Responsible Mining Report entitled "Raising the Bar", which details B2Gold's global economic contributions and its environmental, social, and governance management practices, together with the Company's performance against key indicators in 2021. In announcing the release of the Report, Clive Johnson, President & CEO of B2Gold, states "in reflecting on 2021 and its continued challenges, from the ongoing COVID-19 pandemic, to social or political unrest, to the effects of climate change around the globe, I have asked myself how we as a company have managed to navigate and adapt while still meeting our targets and goals. It has become clear to me that the answer always comes back to B2Gold's core values of fairness, respect, transparency and accountability."

Equinox Gold Corp. announced that further to its press release dated May 16, 2022, approval for the tailings storage facility raise at its RDM Mine in Brazil has been received. The TSF raise contractor is mobilizing equipment to begin the raise in early June. Equinox Gold expects that full operations will resume by mid-July. Equinox Gold will update RDM guidance with its Q2 2022 disclosures in the first week of August.

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 Calibre Mining Corp. by Calibre Mining Corp. We own ZERO shares of Calibre Mining Corp. Please click here for full disclaimer.

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