December 15th, 2015

Currency’s Volatility Shines Spotlight on Gold

NetworkNewsWire Editorial Coverage: In times of economic crisis, there’s no safer investment than gold.

Gold’s historic reputation as a safe haven asset looks promising for mining companies as the global economy witnesses the volatile valuation of currency. Kingman Minerals Ltd. (TSX.V: KGS) (KGS Profile) has been preparing operations on a historic mine site in Arizona, benefiting from the cost efficiencies of revitalizing an already established exploration site. After a brief suspension of mining activities in order to evaluate operational risks associated with the COVID-19 pandemic, McEwan Mining (NYSE: MUX) recently announced it has restarted operations. Freeport-McMoRan (NYSE: FCX), a leading international mining company, boasts a strong portfolio of assets—including the Grasberg minerals district in Indonesia, home to one of the world’s largest copper and gold deposits.  Newmont Corporation (NYSE: NEM), with the industry’s largest gold reserve base, recently announced its acceleration of operations at four of its sites. Despite the hindrances inflicted by the COVID-19 pandemic, Barrick Gold Corporation (NYSE: GOLD) reported a robust…

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