NEW YORK, May 6, 2016 /PRNewswire/ --
As global economic worries rise, gold has become an important
commodity. A safe heaven, a hedge that investors are often happy to
invest in and trade. Gold prices have risen by more than 19% since
January (in US dollars), which represents the best performance for
Gold in about three decades. This kind of performance easily
outperforms most major stocks, bonds and other types commodities.
Intact Gold Corp (TSX-V: ITG), B2Gold Corp. (TSE: BTO) (NYSE:
BTG), IAMGOLD Corp. (TSE: IMG) (NYSE: IAG), Brazil Resources Inc.
(TSX-V: BRI) (OTCQX: BRIZF), Barrick Gold Corp. (TSE: ABX) (NYSE:
ABX).
There are several reasons for the continuous increase in gold
value. A recent report by the World Gold Council
indicates:
• Ongoing concerns about economic growth and financial stability
in emerging markets
• A hiatus in the rise of the US dollar
• The implementation of negative interest rate policies by
leading global central banks
• The return of pent up investment demand for gold
• Price momentum (i.e. investors following gold's upward
trend).
The report concludes that the factors mentioned above will
continue to support both investment and central bank's demand for
gold in the coming quarters.
Since weak currency is (generally speaking), good news for
mining companies, and the value of the Canadian Loonie has been
depreciating against the U.S dollar. Canadian Mineral companies, in
particular the ones in the Gold sector have seen a massive boost in
performance.
Gold companies like Intact Gold Corp
(TSX-V: ITG), has had a chance to evolve
in this bullish commodities market. There has been an increasing
trend of acquisitions in the sector since gold prices have begun to
go up. Intact Gold Corp. is no exception and has been part of that
trend.
Intact Gold has announced that it has entered into an option
agreement with Caprock Ventures Corp. under which Intact Gold will
acquire an undivided 100% interest in and to certain mineral
properties, including surface rights, mineral rights, personal
property and permits associated with the business located in
Quebec. Shares of this company in
2016 have increased roughly 50% post-split and up a whopping 600%
pre-split.
Shares of the Canadian gold companies like B2Gold
Corp. (TSE: BTO) (NYSE: BTG), have
also risen big by 272% from their 52-week lows. B2Gold Corp. is one
of the fastest growing intermediate gold producers in the world.
Since its inception in 2007, B2Gold has evolved into an
international gold mining company, with four operating mines, one
mine under construction and numerous exploration projects across
four continents in various countries, including Nicaragua, the
Philippines, Namibia,
Mali and Burkina Faso.
Another Canadian Gold company IAMGOLD Corp. (TSE:
IMG) (NYSE: IAG) shares have surged roughly 195%
from their 52-week lows as well. IAMGOLD is a mid-tier mining
company with four operating gold mines on three continents. A solid
base of strategic assets in North and South America and West Africa is complemented by development and
exploration projects and continued assessment of accretive
acquisition opportunities.
Brazil Resources Inc. (TSX-V:
BRI) (OTCQX: BRIZF) shares have surged almost 360% in
their 52-week low and high price channels. Brazil Resources Inc. is
a public mineral exploration company with a focus on the
acquisition and development of projects in emerging producing gold
districts in Brazil and other
regions of the Americas. Brazil Resources is advancing its
Cachoeira and São Jorge Gold Projects located in the State of Pará,
northeastern Brazil, its Whistler
Gold-Copper Project located in the state of Alaska, United
States of America, and its Rea Uranium Project in the
western Athabasca Basin in
northeast Alberta, Canada.
Rounding off, Barrick Gold
Corp. (TSE: ABX) (NYSE: ABX) shares hit
a 52-week low of $7.89 late last year
and just recently hit a high of $24.43 or representing a whopping 209%. Barrick
has mining operations in Argentina, Australia, Canada, Chile, Dominican
Republic, Papua New Guinea,
Peru, Saudi Arabia, the
United States, and Zambia.
More than 75% of our gold production comes from the Americas
region.
Will the Gold sector continue to surge? With bullish Gold
sentiment at all-time highs and Global Economic worries still
lingering, there might be a strong possibility.
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