Gold Surges Nearly 40% Over Past Year The price of gold has surged nearly 40% over the past year, reaching $2,715 per ounce, despite traditional economic and geopolitical influencers such as interest rates, inflation, and currency volatility. This consistent rise is being driven by foreign central bank purchases, particularly from countries like China and "middle powers," as part of a broader effort to diversify away from the dollar.
Further, the increasing momentum behind alternative payment systems and reserve diversification could fragment the global financial system, eroding the dollar’s influence and weakening U.S. national security. Western governments may need to act swiftly to address this shift. (Source: https://www.ft.com/content/b5fb1e6b-bb8d-4ab5-9c92-f1f6fc40a54b)
Aiming to increase gold production to over 100,000 ounces annually, Borealis Mining (BOGO.v) is a near-term gold junior focused on its Borealis Gold Mine Project which has a history of producing over 600,000 ounces of gold with infrastructure for current and future operations.
Having recently achieved its second gold pour of the year, BOGO 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.