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2016 Global Economic Worries Paves Way for Gold Companies

BTO, T.GOLD, T.BTO, T.IMG, T.ABX

PR Newswire

NEW YORK, May 6, 2016 /PRNewswire/ --

As global economic worries rise, gold has become an important commodity. A safe heaven, a hedge that investors are often happy to invest in and trade. Gold prices have risen by more than 19% since January (in US dollars), which represents the best performance for Gold in about three decades. This kind of performance easily outperforms most major stocks, bonds and other types commodities.  Intact Gold Corp (TSX-V: ITG), B2Gold Corp. (TSE: BTO) (NYSE: BTG), IAMGOLD Corp. (TSE: IMG) (NYSE: IAG), Brazil Resources Inc. (TSX-V: BRI) (OTCQX: BRIZF), Barrick Gold Corp. (TSE: ABX) (NYSE: ABX).

There are several reasons for the continuous increase in gold value. A recent report by the World Gold Council indicates: 

• Ongoing concerns about economic growth and financial stability in emerging markets

• A hiatus in the rise of the US dollar

• The implementation of negative interest rate policies by leading global central banks

• The return of pent up investment demand for gold

• Price momentum (i.e. investors following gold's upward trend).

The report concludes that the factors mentioned above will continue to support both investment and central bank's demand for gold in the coming quarters. 

Since weak currency is (generally speaking), good news for mining companies, and the value of the Canadian Loonie has been depreciating against the U.S dollar. Canadian Mineral companies, in particular the ones in the Gold sector have seen a massive boost in performance. 

Gold companies like Intact Gold Corp (TSX-V: ITG), has had a chance to evolve in this bullish commodities market. There has been an increasing trend of acquisitions in the sector since gold prices have begun to go up. Intact Gold Corp. is no exception and has been part of that trend. 

Intact Gold has announced that it has entered into an option agreement with Caprock Ventures Corp. under which Intact Gold will acquire an undivided 100% interest in and to certain mineral properties, including surface rights, mineral rights, personal property and permits associated with the business located in Quebec. Shares of this company in 2016 have increased roughly 50% post-split and up a whopping 600% pre-split. 

Shares of the Canadian gold companies like B2Gold Corp. (TSE: BTO) (NYSE: BTG), have also risen big by 272% from their 52-week lows. B2Gold Corp. is one of the fastest growing intermediate gold producers in the world. Since its inception in 2007, B2Gold has evolved into an international gold mining company, with four operating mines, one mine under construction and numerous exploration projects across four continents in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso.

Another Canadian Gold company IAMGOLD Corp. (TSE: IMG) (NYSE: IAG) shares have surged roughly 195% from their 52-week lows as well. IAMGOLD is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities.  

Brazil Resources Inc. (TSX-V: BRI) (OTCQX: BRIZF) shares have surged almost 360% in their 52-week low and high price channels. Brazil Resources Inc. is a public mineral exploration company with a focus on the acquisition and development of projects in emerging producing gold districts in Brazil and other regions of the Americas. Brazil Resources is advancing its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil, its Whistler Gold-Copper Project located in the state of Alaska, United States of America, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada.

Rounding off, Barrick Gold Corp. (TSE: ABX) (NYSE: ABX) shares hit a 52-week low of $7.89 late last year and just recently hit a high of $24.43 or representing a whopping 209%. Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. More than 75% of our gold production comes from the Americas region.

Will the Gold sector continue to surge? With bullish Gold sentiment at all-time highs and Global Economic worries still lingering, there might be a strong possibility.  

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