Gold has surged in 2024, rising around 35% since January and reaching nearly $2,800 per ounce in November, driven by its role as an inflation hedge and a portfolio diversifier. With inflation, interest rates, geopolitical tensions, and an impending U.S. presidential election influencing the market, experts believe gold could break new records this month, potentially even hitting the $3,000 mark.
Economic events like the Fed meeting on November 6-7 and an upcoming inflation report may further impact gold prices. Additionally, increased interest from new investors could heighten competition, making gold harder and potentially more costly to obtain. While predictions are speculative, those interested in gold are advised to research now to capitalize on possible gains in the near future. (Source: https://www.cbsnews.com/news/what-should-gold-investors-expect-this-november/)
Having recently expanded its claim package at its Borealis Gold Property in Nevada, Borealis Mining (BOGO.v) has experienced a meaningful expansion with numerous surface samples showing notable gold mineralization including grades between 0.3 g/t to 1.57 g/t and silver up to 5 ounces per tonne.
Increasing the total area to 22.9 square miles within one of the largest hydrothermal alteration zones in Nevada, the property has already produced over 600,000 ounces of gold, and is supported by infrastructure that facilitates both current and future operations, aligning with BOGO's aim to increase its gold production to over 100,000 ounces annually
For more information, refer to this deep dive on the latest news: https://www.reddit.com/r/Wallstreetbetsnew/comments/1gf90oz/today_borealis_mining_expands_fullypermitted/
Full News Release: https://borealismining.com/2024/10/borealis-expands-its-borealis-property-through-claim-staking/
Posted on Behalf of Borealis Mining Company Ltd.