Amid global tensions and economic shifts, gold has emerged as a key safe-haven asset, hitting a record high of $2,732.82 today.
The recent surge in prices comes as geopolitical concerns intensify, particularly following Israel's escalating conflict with Iran, further underscoring gold's role as a hedge against uncertainty. In parallel, China’s central bank has enacted historic interest rate cuts to revive its economy, adding another layer of support for gold demand.
Source: https://punchng.com/gold-price-soars-amidst-global-tensions-as-china-cuts-interest-rates/
As central banks continue to navigate economic volatility, the gold sector's potential remains significant, particularly for companies like Borealis Mining (Ticker: BOGO.v), which is well-positioned to capitalize on rising prices through its advanced-stage Borealis Project in Nevada.
Located 25 minutes from Hawthorne, Nevada, the Borealis Project spans 14,600 acres and benefits from year-round highway access and on-site infrastructure, including an ADR processing facility, a 4.2 Mt heap leach pad, a well-developed road network, and connection to the NV Energy grid.
It is situated in a high-ranking jurisdiction, with Nevada named #1 in the Fraser Institute’s Mining Investment Attractiveness Index for 2022.
The project holds a historical Measured & Indicated (M&I) resource of 1.83 Moz at 1.28 g/t Au and an Inferred resource of 195,000 oz at 0.34 g/t Au. These resources, documented in a 2011 Pre-Feasibility Study and the 2024 Borealis Technical Report, remain open for expansion.
The Borealis Mine has produced approximately 625,000 oz of gold from oxide and transition material since its discovery in 1978. Recent minor production between 2011-2013
and 2021-2022 yielded around 125,000 oz.
BOGO is continuing initial production, conducting 2 gold pours this year from stockpiled material, producing 143 troy ounces of gold & 131 troy ounces of silver and 229 troy ounces of gold and 162 troy ounces of silver respectively.
Full news here: https://borealismining.com/news
Company deck: https://hht48b.p3cdn1.secureserver.net/wp-content/uploads/2024/09/Borealis_Presentation_Q3_2024.3.pdf
Posted on behalf of Borealis Mining Company Ltd.