Bullboard - Stock Discussion Forum Sonoro Gold Corp V.SGO

Alternate Symbol(s): SMOFF

Metals & Mining Gold

Sonoro Gold Corp is a Canada-based exploration and development company. The Company is engaged in holding the development- stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Cerro Caliche Project is located in the Cucurpe Municipality of Sonora State in northwestern Mexico and is comprised of 15 contiguous mining concessions covering a total... see more

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Sonoro Gold Corp > Interesting SWOT analysis on gold

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Post by Stockydoc on Mar 30, 2022 3:27pm

Interesting SWOT analysis on gold

$SGO.v recently posted an article which discusses the strengths, weaknesses, opportunities, and threats for gold.

Details:
- Strengths: People piling in on gold as it plays its age-old role as a haven in times of crises and war, 10% surge in gold prices since the start of 2022, with demand for bars and coins hitting 1,124 tons in 2021.
- Weaknesses: Russia's stash of gold will be challenging to sell, South Africa gold mines halt and Johannesburg "lockout".
- Opportunities: Mergers and acquisitions starting to resurface, mining companies likely to outperform over the next three years.
- Threats: U.S. senators are now trying to cut Russia off from gold as a source of hard currency and gold's rapid rise to near record levels causing buyers in India to hold off on purchases.

Really interesting read - I'd recommend giving it a look. https://www.kitco.com/commentaries/2022-03-21/Gold-SWOT-A-surge-in-gold-prices-is-turning-into-a-boon-for-bullion-dealers.html

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