Bullion Industry: Gold to Reach Record Highs in Next Year Gold is expected to reach record highs in the next year, with prices predicted to rise to $2,917.40 an ounce by late October 2025, according to a survey of traders, refiners, and miners at the London Bullion Market Association conference.
This forecast represents a 10% increase from current levels, driven by gold’s role as a safe-haven asset, wealth diversification tool, and increased central bank purchases. Gold, one of the best-performing commodities in 2024, reached a recent high of over $2,685, supported by the Federal Reserve's shift to rate cuts. (Source: https://www.bloomberg.com/news/articles/2024-10-15/gold-industry-sees-bullion-surging-10-in-a-year-to-new-record
Focused on cash flow over dilution, Borealis Mining (BOGO.v) is a near-term gold junior aims to increase gold production to over 100,000 ounces annually at the Borealis Gold Mine Project which has a history of producing over 600,000 ounces of gold with infrastructure for current and future operations.
BOGO recently achieved its second gold pour of the year and is working to resume mining activities to generate cash flow prior to further resource expansion at the project: https://www.reddit.com/r/smallstreetbets/comments/1g5cxfy/cash_flow_over_dilution_nearterm_gold_junior/
Posted on Behalf of Borealis Mining Company Ltd.