Will the Scarcity of Gold Lead to Positive Gains Over Next 10 Years
, /PRNewswire/ -- Gold is one of the most well established and mature markets around when it comes to investable assets. It has been an important commodity in the past, and it has its major uses in electronics and jewelry, but as a market, it is often seen as a great safe haven for a number of reasons. Because gold has been seen as a valuable asset for thousands of years, it has always been desired and in demand, but it is in more recent history that the market has grown to be what it is today, and what it is today is a rather mature and stable market. The fact that gold works as a safe haven asset, one that often moves in anti-correlation to the traditional markets, means that the commodity is a great hedge against financial troubles, but it is also an asset that has shown steady and solid growth in value for a long time. Gold is not an asset that is prone to big price swings, or high volatility, but it is known to almost constantly be growing as its uses and market desire keep growing. Also, the fact that Gold is an asset that is scarce, but with an uncertain supply, means the markets are often worth watching and forecasting gold prices for the next 10 years can often lead to positive gains over this long period of time. Active stocks in the mining markets this week include (NYSE: GOLD) (TSX: ABX), (OTCPK: CLGCF) (CSE: CLAR), (NYSE: NEM) (TSX: NGT), (OTCPK: OBNNF) (TSX: OSK), (NYSE: AEM) (TSX: AEM).
Newmont Announces First Quarter 2021 Earnings Call
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it will report first quarter 2021 operations and financial results before the market opens on Thursday, April 29, 2021 and will hold a conference call at 10 a.m. Eastern Time (8:00 a.m. Mountain Time) the same day. The earnings call will also be carried on the Company's website.
Analysts Indicating Gold's New Golden Era Has Just Started
, /PRNewswire/ -- Gold is the world's oldest safe asset, always thriving in times of uncertainty. Historically, investors have reverted to it as a hedge against political and economic tumult, with its price jumping during wars, contested elections and economic crises. During the Great Recession, gold's price trebled from early 2007 to 2011. The same scenario is now repeating itself with the global pandemic. In the summer of 2020, while stock markets were recovering from a pandemic-driven slump, the old asset made its comeback with a roar, according to an in the World Finance. It said, in part: "In August, the price of gold surpassed the threshold of an ounce for the first time in history. Few people who had been following the market were shocked at the news. "If you asked me at the end of 2019, I would have been bearish on gold. But given COVID-19 and the fiscal stimulus put in place, this didn't come as a surprise," said a senior commodities analyst at an investment bank." Active stocks in the mining markets this week include (NYSE: GOLD) (TSX: ABX), (OTCPK: CLGCF) (CSE: CLAR), (NYSE: NEM) (TSX: NGT), (TSXV: AMX) (OTCQX: AMXEF), (NYSE: FNV) (TSX: FNV).
Newmont Announces Sustainability-Linked Revolving Credit Facility
Today, Newmont Corporation (NYSE: NEM, TSX: NGT) announced that it has executed an industry-leading $3.0 billion sustainability-linked revolving credit facility. The credit facility includes a pricing feature based upon third-party sustainability performance measures and includes overall improved pricing from the previous facility. This new credit facility expires in March 2026, amending and extending the credit facility executed in 2019.
Gold Mining Industry Could Be Key to Economic Rebound in Canada
, /PRNewswire/ -- With many mining companies' exploration and development projects ramping up in 2021, the believes that the industry will be able to bounce back from the initial economic downturn caused by the health crisis. For companies such as (CSE:GRAY) (OTCQB:GRYCF) and (CSE:PGM) (OTCPK:LRTNF), commercial production is on track for 2021, while the likes of (NYSE:AUY) (TSX:YRI),(NYSE:NEM) (TSX:NGT), and (TSXV:GBR) (OTCQX:GTBAF) are looking forward to a more consistent year of mining production.
Infosys BPM and Newmont Corporation Extend Their Strategic Collaboration to Standardize & Digitize Delivery Models Across Mine Sites
and BENGALURU, , /PRNewswire/ -- , the business process management arm of (NYSE: INFY), today announced a five-year extension to its strategic collaboration with Newmont Corporation (NYSE: NEM, TSX: NGT), the world's largest gold mining company, to standardize and digitize delivery models across its mine sites. Through this renewed engagement, Infosys BPM will drive operational excellence leveraging automation, artificial intelligence (AI), and design thinking, to deliver increased business value for Newmont.
Newmont Announces Redemption of 2021 Senior Notes
Newmont Corporation (NYSE: NEM, TSX: NGT) announced today it will redeem the principal amount of $550 million related to its 3.625% Senior Notes due June 2021 (the "Notes"). The Notes will be redeemed on April 9, 2021, (the "Redemption Date") at a redemption price equal to the principal amount of the outstanding Notes plus accrued and unpaid interest in accordance with the terms of the Notes. Interest on the Notes will cease to accrue on the Redemption Date.
Why Analysts Believe In 2020 Gold Was Used By Many As A Strategic Asset Versus a Tactical Play
, /PRNewswire/ -- In 2020, Gold gained all-time highs because of risk, rates and momentum, according to industry experts. Gold was one of the best performing major assets of 2020 driven by a combination of: high risk; low interest rates; and a positive price momentum – especially during late spring and summer. Reports show that Gold also had one of the lowest drawdowns during the year, thus helping investors limit losses and manage volatility risk in their portfolios. Gold.org : "… by early August, the LBMA Gold Price PM reached a historical high of /oz as well as record highs in all other major currencies. While the gold prices subsequently consolidated below its intra-year high, it remained comfortably above /oz for most of Q3 and Q4, finishing the year at /oz… Interestingly, gold's price performance in the second half of the year seemed to be linked more to physical investment demand – whether in the form of gold ETFs or bar and coins – rather than through the more speculative futures market… Investors' preference for physical and physical-linked gold products last year further supports anecdotal evidence that, this time around, gold was used by many as a strategic asset rather than purely as a tactical play." Active stocks in the mining markets this week include (OTCQB: GIDMF) (CSE: IGLD), (NYSE: HL), (NYSE: NEM) (TSX: NGT), (NYSE American: NGD) (TSX: NGD), (NYSE: IAG) (TSX: IMG).
Newmont Announces Acquisition of GT Gold
Newmont Corporation (NYSE: NEM, TSX:NGT) and GT Gold Corp. (TSX-V: GTT) announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately US$311 million (C$393.0 million).
Experts Hinting Gold May Be Entering A Bull Market That Could Last Over A Decade
, /PRNewswire/ -- One of the big topics for the gold mining corporations in 2021 has been the prospect of mergers and acquisitions. Analysts predict another round of consolidation for the industry in 2021, although they aren't looking for mega-mergers. Instead, they expect to see a continuation of the trend in 2020 that brought a larger number of smaller deals. In a recent report, Bank of America (BofA) analyst and team said they believe the pressure to replace reserves that have been mined will be one of the big drivers for mergers and acquisitions this year. They noted that gold reserves have been falling since 2012, while gold output has remained stable. The in Investor Place said that: "The BofA team doesn't expect to see mega-mergers in the mining space this year. Instead, they look for senior gold producers to optimize their assets to lower costs and build the next generation of growth projects. However, they also point out that senior producers are keeping a watch for available world-class assets…The BofA team expects more interest in targets in the U.S., , and other parts of the world that are politically safe. They believe the need to replace gold reserves means the M&A market will be a seller's market this year." Active stocks in the mining markets this week include (NYSE: GOLD) (TSX: ABX), (OTCQB: GIDMF) (CSE: IGLD), (NYSE: HL),(NYSE: FNV) (TSX: FNV), (NYSE: NEM) (TSX: NGT).