Nationalization of gold mines

Only recently, the government of Burkino Faso nationalized five gold mines and incorporated them into a state-owned mining company. Niger, where a military government is in power, is looking to nationalize a uranium mine that is 90 percent owned by France. Mali is now also trying to gain power over gold mines and thus over its natural resources. This affects Barrick Gold, whose Loulo and Gounkoto properties are now under Malian state control. Incidentally, Mali is one of the largest gold-producing countries in Africa. It is advisable for investors to always keep an eye on the economic and political conditions in a country. Uncertainties should be avoided. Gold prices are high, not least due to the US president’s tariff policy and various geopolitical crises. Physical investments in precious metals are becoming more attractive, as are the gold stocks of companies located in stable jurisdictions. These include, for example, Calibre Mining and GoldMining.

Calibre Mining – https://www.commodity-tv.com/ondemand/companies/profil/equinox-gold-corp/ – successfully produces gold in Nicaragua and Nevada. The company will merge with Equinox Gold to create a major gold producer.

GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – owns projects in North and South America as well as blocks of shares in Gold Royalty, U.S. GoldMining and NevGold.

Precious metals and the stocks of the related mining companies offer investment opportunities. And in this country, private households are richer than ever. 2024 was a record year in terms of private financial assets and experts expect further record levels this year and next. It is expected to reach 9.9 trillion euros this year and 10.3 trillion euros in 2026.

Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/equinox-gold-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.

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