Investing in gold benefits and Starcore gold mining company? Is Gold A Good Investment? Gold is a good investment for those looking to diversify their existing portfolios. The performance of gold is often the opposite of traditional investments like stocks and bonds. When these assets perform negatively, the value of gold generally increases. This trend has led many investors to think of gold as a safe investment, while further highlighting its importance in a diverse portfolio. A great example of this trend can be seen by looking at the value of gold throughout 2020 — when gold reached its highest price in the last seven years.
Gold retains its value not only in times of financial uncertainty, but in times of geopolitical uncertainty. It is often called the “crisis commodity,” because people flee to its relative safety when world tensions rise; during such times, it often outperforms other investments. For example, gold prices experienced some major price movements this year in response to the crisis occurring in the European Union. Its price often rises the most when confidence in governments is low.
Investing in gold mining stocks is similar to investing in the stock market and the difference is just that gold mining stocks are related to the companies that are attached to gold mining. The performance of these stocks is more or less governed by the gold rates while other factors that should be considered are production cost, effective management, hedging activities etc. Investing in physical gold is the oldest method of making the gold investment. Whenever you buy gold, it is basically a gold investment. But, since we are speaking strictly on investment grounds, then there are two ways by which you can invest in gold i.e. Jewellery and Bars and coins.
The Ajax Property occurs along the western margin of the Stikinia Terrane of the North America Cordillera, immediately adjacent to the eastern margin of the Coast Plutonic Complex. The property is underlain by Jurassic Hazelton Group rocks consisting primarily of argillaceous sediments and minor interbedded andesite tuffs that locally has been intruded by four closely spaced stocks of quartz monzonite porphyry. The Ajax deposit occupies a rectangular area approximately 650 m x 600 m that ranges in elevation from 425 masl to 1050 masl. The mineralization is predominantly pyrrhotite and lesser molybdenite that typically comprises less than 2% of the rock by volume. Molybdenite is typically associated with quartz and occurs in pyrrhotite-bearing veinlets, in thin stringers and on fracture and shear surfaces. Areas of elevated molybdenite grades (>0.060% Mo) are characterized by a high fracture density where quartz vein stockwork is well developed. Lower grade material (0.030 to 0.060 % Mo), is found in areas of weaker fracturing and forms a broad halo around the higher grade zones, especially below the 762 m elevation contour. Discover more details on gold production Mexico.
The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned claim package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization.
Starcore International Mining and El Creston Property development news: The Alejandra Zone is located approximately 1 k to the northeast of the Creston Deposit. The area is underlain by oxidized and variably sericite altered Proterozoic Creston Granite and Laramide porphyry granite. The >100 ppm Mo in rock chip contour has defined two areas of interest referred to as the Alejandra East and West. In both areas molybdenum values are generally modest, 100-300 ppm, with occasional spot highs. The Alejandra West is up to 500 metres wide x up to 800 metres long. Within it rock chip samples assayed up to 0.102% Mo over 3 metres. The Alejandra East Anomaly is up to 800 metres long with width variable to 700 metres. The best rock chip assayed 0.256% Mo over 3 metres. Copper values are generally low throughout. The zone has not been drilled.
Investing in gold mining companies is an awesome way to mix gold investments with traditional stocks. By purchasing shares in a company that works with gold, investors can access the profits of gold without buying or selling it themselves. This form of investing can also provide lower risks, as there are other business factors at play that can help protect investors from flat or declining gold prices. That being said, investors conduct significant research when searching for the right company to invest in. There are risks associated with the mining industry that can interfere with overall profits or even bring up ethical concerns. Always do your research when selecting a gold mining company to invest in. Find extra info at https://starcore.com/.