- Bloomberg reports that gold is “set to soar”
- Forbes predicts that gold “is likely to reach a major milestone”
- KGS Minerals committed to delivering highest possible value to shareholders
Bloomberg pegged 2020 as a “golden year,” noting that “after one of the most geopolitically charged years in recent memory, gold is now set to soar” (http://nnw.fm/fkv8D) — and that was before the market volatility caused by the COVID-19 pandemic. Kingman Minerals (TSX.V: KGS), a Canada-based company engaged in the acquisition, exploration and development of gold and silver properties in North America, looks to be ideally positioned to benefit from the gold boom as investors start “racing back to their favorite safe haven asset.”
The Bloomberg report, titled “The 6 Most Promising Gold Trends for 2020,” continued by stating that “gold stocks were depressed for years. But as worries of dwindling gold supplies — ‘peak gold’ — and geopolitical uncertainty took root, investors began to bet on a major gold run.”
Bloomberg isn’t the only financial-market organization to report on the shining potential of gold. A July 1, 2020 Forbes article, titled “Gold Prices Are Soaring to the Moon,” reported that “the precious metal, gold, is likely to reach a major milestone and touch the critical $1,800 mark” (http://nnw.fm/R7sXn).
“Gold prices have been rallying since the last quarter of 2018. Since then, it has been recording gains for each quarter,” the article continued. “It is highly likely that gold may continue its momentous run for another few quarters, especially this quarter.” The article went on to note that, with no realistic expectation that a vaccine for COVID-19 will be available before 2021, local shutdowns on a global basis will likely continue to limit economic recovery. “As we move into Autumn, the flu season is only likely to worsen the already complex situation. This means that there are higher chances of strong percentage gains for the gold price in Q3 and Q4.”
Kingman Minerals is focused on taking full advantage of the rising interest — and investments — in gold. Committed to delivering the highest possible value to shareholders, KGS is working to purchase 100% of the properties within its portfolio, which includes two current mining operations: the Mohave Project and the Cadillac East Property. In addition, the company’s unique business model creates significant shareholder value by providing leverage to increases in the price of precious metals, additional growth through the acquisition of new potential exploration targets, and participation in the exploration and expansion success of the historical mines and prospects underlying its current agreements.
Kingman Minerals Ltd. is currently engaged in the business of precious metal mineral exploration for the purpose of acquiring and advancing non-grass-roots mineral properties located in mining friendly jurisdictions of North America. Formerly known as Astorius Resources Ltd., KGS is engaged in the acquisition, exploration and development of gold and silver properties in North America. Based in Canada, KGS is committed to sourcing and developing high-quality properties with significant mining potential as part of its strategy of developing a diverse portfolio of low-cost, lifelong assets.
For more information, visit the company’s website at www.KingmanMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to KGS are available in the company’s newsroom at http://nnw.fm/KGS
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