'And, right on cue, gold hits another all time high' 'And, right on cue, gold hits another all time high' - Gold has hit a record high amid central banks aggressively purchasing gold, totaling 183 metric tons in the second quarter of 2024. This is largely due to concerns about the US dollar and government debt, leading central banks to shift their reserves into gold.
Despite current high prices, the long-term outlook for gold remains strong, especially as central banks continue to hedge against economic uncertainties. Meanwhile, gold mining stocks, such as Newmont, are undervalued relative to the price of gold, presenting potential investment opportunities. (Source: https://www.schiffsovereign.com/trends/and-right-on-cue-gold-hits-another-all-time-high-151422/)
Amid this opportunity, Borealis Mining (BOGO.v) has emerged as a unique player in the junior mining space with an operational mine, solid shareholder base, and a strategy that emphasizes minimizing dilution while generating revenue. Having completed its first gold pour of the year two weeks ago at its on-site ADR facility, producing dor bars weighing 651 troy ounces and an independent assay confirming 143 troy ounces of gold and 131 troy ounces of silver, BOGO is aiming to leverage both historical data and new exploration efforts to unlock further resource potential with the plan to increase production to 100,000 ounces of gold per year.
For more information, refer to this deep dive:
https://www.reddit.com/r/RichTogether/comments/1etxtoh/an_excellent_interview_highlighting_newly_listed/
Posted on Behalf of Borealis Mining Company Ltd.