HSBC Raises Average Gold Forecast to $1,613/oz for 2020 HSBC has raised its average gold price forecasts to $1,613/oz for 2020 and $1,575/oz for 2021, from $1,560/oz and $1,525/oz, Reuters reported.
"We believe gold is set to move modestly higher in 2020 if global economic and geopolitical outlook remain uncertain or ratchet higher," HSBC explained.
HIGHLIGHTS Share Structure 58 M I/O (Jan 2020)
Zijin Funds own 20% (invested $3.2M in 2018)
Advanced Exploration project (40,000 m drilling)
Two Mineralized zones / deposits ( Mazoa Hill & Marudi North)
43-101 Gold Resource of 345,700 oz at Mazoa Hill zone / Deposit
Near Surface Open Pit Mine
13,500 acres (54 sq. kms) land size 15 % of project explored to date
The new discovered area the 2.5 km Toucan Ridge trenched surface samples as high as 23.5 g/t gold
20 + Geophysical targets identified
Geophysics showing more mineralization at depth and extensions to drill targets
Drill ready property
Drilling company selected
Mining Permit for Production in place
Mining Camp in Place
Symbols:
GYA.V /
GYNAF https://www.guyanagoldstrike.com