(MENAFN- Baystreet.ca) The pandemic has changed the world. "While the pandemic will eventually pass, it has left the world changed and has in fact compounded and worsened some of the factors that are supportive of gold prices," the CPM Group said, as quoted by Kitco.com. "The biggest drivers that will support gold as the world reopens include sovereign and private sector debts, deficits, and ultra-loose monetary policies." That could fuel a substantial recovery in gold moving forward, as well as upside for companies such as Stevens Gold Nevada Inc. (CSE:SG) (OTC:STVGF), Barrick Gold Corp. (NYSE:GOLD)(TSX:ABX), Iamgold Corp. (NYSE:IAG), Equinox Gold Corp. (NYSE:EQX), and Royal Gold Inc. (NASDAQ:RGLD).
Look at Stevens Gold Nevada Inc. (CSE:SG)(OTC:STVGF) for example
Stevens Gold Nevada Inc. just announced announces that its field crew has arrived at Section 20 of the Millennium Gold property located 4.8 km northeast of Lake Havasu City in western Arizona and has commenced a Mobile Metal Ions (MMI) soil geochemical survey.
The MMI survey will focus on improving the definition of high contrast gold anomalies of up to 225 times background previously defined in 2007 by a widely spaced reconnaissance scale sampling pattern. The 2007 survey was designed to provide an initial assessment of gold potential on all three sections of the property. The survey will target extensions of overburden-covered historic structurally controlled high-grade gold mineralization hosted in subaerially deposited felsic and mafic volcanic rocks and intrusions. A total of 213 sites have been defined in and around the 1 km2 regional gold anomaly for this phase of the follow-up surveys.
Upon completion of the survey, soil samples will be shipped to and analyzed by the Vancouver (B.C., Canada) laboratories of SGS Mineral Services. Results will be released as they are received.
Other related developments from around the markets include:
Barrick Gold Corp. met all its key performance indicators in 2020 and at the same time made significant progress towards achieving its key objectives, says president and chief executive Mark Bristow in the company's 2020 Annual Report published. "The effectiveness of Barrick's ESG strategy — which is powered at all levels by a long-established partnership philosophy and a close relationship with all stakeholders, from investors to host communities — was a key factor in the past year's performance. This was particularly evident in our successful Covid-19 containment programs, which buffered the impact of the pandemic on our business and people, and also enabled us to provide much needed and welcomed support to our host countries," he says.
Iamgold Corp. announced the appointment of Daniella Dimitrov to the role of Chief Financial Officer, effective March 29, 2021. Ms. Dimitrov is a highly accomplished and respected executive, with extensive leadership experience in both the capital markets and mining industries. Ms. Dimitrov succeeds Carol Banducci, who retires on March 31, 2021 following a successful 14-year career with IAMGOLD.
Equinox Gold Corp. announced the results of a Feasibility Study for the Phase 2 expansion at the Company's 100%-owned Castle Mountain Gold Mine located in California, USA. On a standalone basis, Phase 2 is expected to produce 3.2 million ounces of gold at average all-in-sustaining costs of $858 per oz of gold sold. Using the base case $1,500/oz gold price, Phase 2 has an after-tax net present value of $640 million and an internal rate of return of 18%.
Royal Gold Inc. announced that its Board of Directors has declared its second quarter dividend of $0.30 per share of common stock. The dividend is payable on April 15, 2021 to shareholders of record at the close of business on April 1, 2021.
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 Stevens Gold Nevada Inc. by Stevens Gold Nevada Inc. We own ZERO shares of Stevens Gold Nevada Inc. Please click here for full disclaimer.
Contact Information:
2818047972
[email protected]
MENAFN25032021000212011056ID1101810227
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.