Gold production is a global business

Only in Antarctica are there no gold mining operations. The country with the largest gold production worldwide is China, around eleven percent of global gold production is extracted from the ground here. However, the largest gold resources are found elsewhere. Australia is at the top of the list. It is followed by Russia, South Africa, the USA and in fifth place Indonesia. The largest gold producing countries are currently after China, Russia, Australia, the USA, Canada and Ghana in West Africa. At the bottom of the list of the largest producing countries are Sweden, Finland and New Zealand.

Gold mining stocks are more volatile than physical gold. In general, junior companies are considered riskier than "majors". And gold price leverage can make for wild price swings. Investors should be aware of leverage because it significantly affects the performance of gold mining stocks. If the gold price goes up, gold mining stocks benefit even more, but this is also true the other way around. This is also why the stocks are more volatile than physical gold. This can be vividly illustrated by comparing the gold price, HUI and XAU. HUI (NYSE Arca Gold BUGS Index) and XAU (Philadelphia Gold and Silver Index) are good indicators of the gold price as indices. Both indices have been around since 1979 and 1996 respectively.

In any case, every investor can pick the right investment from the gold mining sector according to his intention. CanaGold or OceanaGold, for example, are worth a closer look.

OceanaGold – https://www.youtube.com/watch?v=PtFuwcmAl9E&t=2s – is an established gold producer with projects in the USA, the Philippines and New Zealand.

CanaGold – https://www.youtube.com/watch?v=_0q2eIuYKI4 – is pleased with very good drill results from its New Polaris gold mine in British Columbia.

Current company information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/