Rising Inflation Spurs an Increase in the Gold Price

Fawad Razaqzada, market analyst at ThinkMarkets, explained according to a report by MarketWatch that “inflation will probably pick up further and the numbers for the next few months may appear abnormally large as base effects from the 2020 lockdowns skew the data‚Ķ The Fed expects inflation to then settle down after a temporary acceleration.

The economic conditions seem to be appropriate for gold, and various news reports around the world indicate strong demand for the yellow metal.

16 samples from outcrop and subcrop at the Little Joanna Veins were taken in late 2020, with five samples with visible gold returned assays of 194, 133, 123, 119, and 118 g/t Au.

Analysis of the fault structures interpreted by GoldSpot geophysicists and the Exploits team both demonstrates the relationship of the Little Joanna fault within a kink in the regionally extensive Dog Bay Line fault and indicates there is a second, unexplored subparallel fault west of the Little Joanna fault that also has potential to host gold mineralization.

Sandeep Singh, President and CEO of Osisko commented, “The construction decision for the Odyssey underground project by Agnico and Yamana secures the Canadian Malartic mine as Osisko’s flagship asset for decades.

The Rhino Gold Bar initiative began in early 2020 when B2Gold announced the ground-breaking donation of 1,000 ounces of gold produced from the Company’s Otjikoto mine in Namibia to support the preservation of the black rhino population in the country and the communities that protect them.

“Results are just beginning to demonstrate the quality and potential of our assets with record-setting reserve growth at Rochester, significant additions at Palmarejo and Silvertip, new discoveries in southern Nevada as well as wider portions of mineralization found in upper Kensington.

Ganoza, President, CEO and Director, commented, “The first gold pour at Lindero, our third mine in the Americas, is a significant achievement for the Company as we advance the mine’s ramp-up phase towards commercial production in the first quarter of 2021.

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