Gold Prices Could Reverse Course in the Second Half of 2021

Gold has been disappointing so far. However, Goehring & Rozencwajg managing partner Leigh Goehring says gold could see a trend reversal in the second half of the year. "That is when the second leg of the bull market will start,” he added, as quoted by Inflation, he notes, will be the catalyst to get gold moving again, adding that, "Variety of economists out there are saying that inflation will not be a problem because we got too much debt. That belief is going to be unraveled by a black swan event that is perceived as being massively inflationary." Better, Leigh Goehring believes we could eventually see $15,000 before the gold market is over.

That’s great news for companies such as West Mining Corp. (CSE:WEST)(OTC:WESMF),
AngloGold Ashanti Limited (NYSE:AU), Barrick Gold Corp. (NYSE:GOLD)(TSX:ABX), Franco Nevada Corporation (NYSE:FNV), and Newmont Corporation (NYSE:NEM)(TSX:NGT).

Look at West Mining Corp. (CSE:WEST)(OTC:WESMF) for example

West Mining is an advanced stage exploration company focused on developing a district-scale gold project in one of the world’s premier mining jurisdictions. The company’s Kena Daylight Gold, Silver and Copper Project is located 10 KM south of Nelson, British Columbia in the 2nd largest gold district in British Columbia "The Golden Arc.”

The company just announced it welcomed Lawrence Roulston to the advisory board. Lawrence Roulston is a mining professional with 40 years of diverse hands-on experience.  He heads WestBay Capital Advisors, providing business advisory and capital markets expertise to the junior and mid-tier sectors of the mining industry.  Mr. Roulston is a director or advisor to several exploration companies and is non-executive chairman of Metalla Royalty and Streaming Ltd. (NYSE: MTA and TSX-V: MTA), a public company built to generate leveraged precious metal exposure by acquiring royalties and streams.

From 2014 to 2016, he was President of Quintana Resources Capital, which provided resource advisory services for US private investors, focused primarily on streaming transactions. Before Quintana, he was a mining analyst and consultant, as well as the editor of “Resource Opportunities”, an independent investment publication focused on the mining industry. Prior to this, Lawrence was an analyst or executive with various companies in the resources industry, both majors and juniors. He has graduate-level training in business and holds a B.Sc. in geology.

“It is a great pleasure to have Lawrence as part of our growing advisory board. He brings a wealth of experience in all aspects of the mining industry and I have no doubt he will bring valuable knowledge to West” states Nick Houghton, president and CEO of West Mining Corp.

Other related developments from around the markets include:

AngloGold Ashanti Limited reported a fivefold increase in its full-year dividend payment and added 6 million ounces of new Ore Reserve, on a gross basis, as it chartered a return to growth in the coming years. “After several years of rationalizing our portfolio, we have a clear and credible path to disciplined, high-return growth,” Interim Chief Executive Officer Christine Ramon said. “We’ve built a solid balance sheet, which allows us to continue self-funding our capital investment, while rewarding shareholders.”

Barrick Gold Corp. released its annual reserve and resource declaration with its Q4 and year-end results to December 31, 2020. Attributable mineral reserves reflect a 76% replacement of depletion, with a consistent reserve grade maintained year-on-year, after adjustment for the disposal of Massawa. Similarly, excluding the impact of Massawa, the net reduction in reserves year-on-year is approximately 2%. Attributable group reserves, reported at $1,200/oz1, stand at 1,300 million tonnes at 1.66g/t for 68 million ounces2 of gold.

Franco Nevada Corporation just announced, “In 2020, the challenges of the pandemic highlighted the diversity of our portfolio, the commitment of our staff, and the resolve of the employees and communities at our assets,” stated Paul Brink, CEO. “With record precious metals prices through the year and the recovery of energy prices in the second half of the year, Franco-Nevada generated record financial results. We are pleased to announce a new precious metals stream on the Condestable copper mine in Peru and the acquisition of a portfolio of natural gas royalties in the Haynesville play in Texas. We expect strong growth in 2021 and over the next 5 years, driven by the ongoing Cobre Panama ramp-up, the two newly acquired assets and from broad organic growth across the portfolio. On the strength of this outlook, we are increasing the quarterly dividend to $0.30/share starting with our second quarter dividend payment in June which will be declared in May. We are proud that this 15.4% increase will mark our 14th annual dividend increase. We have also strengthened our commitment to increase diversity at Franco-Nevada by adopting a goal of at least 40% diverse representation at the Board and senior management levels.”

Newmont Corporation and GT Gold Corp. announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately US$311 million (C$393.0 million).“We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada” said Newmont President and CEO Tom Palmer. “Newmont recognizes that our relationships with Indigenous, First Nations and host communities are critical to the way we operate. We are committed to continue building a constructive and respectful relationship with the Tahltan Nation, including with the community of Iskut, which is near the project, in anticipation of exploring this highly prospective area. We understand and acknowledge that Tahltan consent is necessary for advancing the Tatogga project and we will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward.”

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