Finding the Right Gold Stock

May 29, 2019 -- InvestorsHub NewsWire -- via microcapspeculators.com -- Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war hurt risk sentiment, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut. Now is the time to look at gold stocks.

One under the radar gold company worth your time, Inception Mining, Inc (USOTC: IMII) owns and operates a producing mine with the capacity to produce 1000 tons per day. The company’s 2018 revenues were up 9% and are on pace to be up even higher in 2019. IMII recently released a report on the mine, so now may be the time to dig in.

The 5 Gold Stocks we are highlighting: Inception Mining, Inc. (USOTC: IMII), Harmony Gold Mining Company Ltd. (HMY), Eldorado Gold Corporation (NYSE: EGO), Barrick Gold Corporation (NYSE: GOLD), and Gold Fields Limited (NYSE: GFI).

Inception Mining, Inc. (USOTC: IMII) (Market Cap: $14.689M; Share Price: $0.25655) announced in March that the company has completed a National Instrument 43-101 Technical Report that includes an estimate on its Clavo Rico Project, located in El Corpus, Departamento Choluteca, Honduras. The Technical Report can be found on the company’s website at http://inceptionmining.com/clavorico/43-101-report/.

Highlights of the Report include:

Economic mineralization at Clavo Rico is contained in three distinct zones, including an oxide zone, a supergene enrichment zone, and a sulfide zone.
Data on 96 recent and historic drill holes totaling 6264 meters of drill core yielding 2552 assays together with 827 channel samples collected from historic adits.
Data on an oxide zone. The oxide zone has been producing since 2015.
Data on a sulfide zone that was calculated using two different modeling techniques to reflect geologic uncertainties:
Data of the supergene enrichment zone
The conceptual geologic model, supported by field mapping, production records and both recent and historic drill programs suggests that significant potential exists to increase the known mineral resource with additional drilling.

Inception Mining is a producing gold mining company engaged in the identification, exploration, acquisition and development of mineral properties. IMII owns and operates the Clavo Rico mine. In addition, the company also holds the UP & Burlington mine.

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Harmony Gold Mining Company Ltd. (HMY) (Market Cap: $ 804.313M; Share Price: $1.57) is off to a strong start for the shortened week. Harmony Gold is the third largest gold mining company in South Africa. Harmony operates in South Africa and in Papua New Guinea. The company has nine underground mines, one open-pit mine and several surface operations in South Africa.

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Eldorado Gold Corporation (NYSE: EGO) (Market Cap: $575.953M; Share Price: $3.62) announced that it has priced its offering of US$300 million aggregate principal amount of 9.5% senior secured second lien notes due 2024, which will be offered at 98% of par. The settlement date for the issue of the Notes is expected to be on or about June 5, 2019.
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Barrick Gold Corporation (NYSE: GOLD) (Market Cap: $20.674B; Share Price: $11.74) proposed an expansion into Pueblo Viejo, already one of the world’s Tier One gold mines, includes an expansion of the mine’s processing plant and tailings capacity with an estimated initial capital investment of more than a billion dollars (100% basis) and the potential to extend the life of the mine into the 2030s and beyond. Barrick expects to complete a feasibility study for the expansion project during 2020. The proposed capital investment would more than double the contribution the mine has already made to the Dominican Republic.

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Gold Fields Limited (NYSE: GFI) (Market Cap: $3.084B; Share Price: $3.87) announced the successful buyback of $250m of the outstanding 2020 notes at 102% of par as compared with a premium of 101.73% of par at the close of business on Friday, 24 May 2019. Following the bond issuances on 9 May 2019, Gold Fields commenced a tender process to buy back up to $250m of the 2020 notes.

The remainder of the 2020 notes ($600m), due in October 2020, is expected to be repaid from a combination of available cash and bank debt facilities.

Legal Disclaimer:

This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a three-month term consulting agreement with IMII signed 02/12/2019. The agreement calls for $25,000 in cash and 10,000 restricted shares of IMII per month. All payments were made directly by Inception Mining, Inc. to Regal Consulting, LLC to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. IMII was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.

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