Meadowbank

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

GCM Mining Shareholders Approve Proposed Arrangement With Aris Gold

Retrieved on: 
Monday, September 19, 2022

Aris Gold has confirmed that it has also received approval from its shareholders at a special meeting held earlier today to proceed with the plan of arrangement.

Key Points: 
  • Aris Gold has confirmed that it has also received approval from its shareholders at a special meeting held earlier today to proceed with the plan of arrangement.
  • Aris Mining will be a gold producer with two producing mines, two advanced development projects, and an advanced stage exploration project in the Americas.
  • GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America.
  • GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain Lomero-Poyatos and Colombia Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut Meadowbank).

GCM Mining Announces August 2022 Production

Retrieved on: 
Thursday, September 15, 2022

TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year.

Key Points: 
  • TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year.
  • Segovias trailing 12-months total gold production at the end of August 2022 was 212,450 ounces, up about 3% over 2021.
  • The Company remains on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
  • GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America.

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote for the Proposed Combination of GCM Mining and Aris Gold

Retrieved on: 
Thursday, September 8, 2022

TORONTO, Sept. 08, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that the Company has received positive recommendations from both Institutional Shareholder Services (ISS) and Glass Lewis & Co., LLC (Glass Lewis) in support of the proposed plan of arrangement of GCM Mining and Aris Gold Corporation (Aris Gold) announced on July 25, 2022.

Key Points: 
  • TORONTO, Sept. 08, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that the Company has received positive recommendations from both Institutional Shareholder Services (ISS) and Glass Lewis & Co., LLC (Glass Lewis) in support of the proposed plan of arrangement of GCM Mining and Aris Gold Corporation (Aris Gold) announced on July 25, 2022.
  • ISS and Glass Lewis are leading independent, third-party proxy advisory firms who provide proxy voting recommendations to pension funds, investment managers, mutual funds, and other institutional shareholders.
  • In light of the reasonable strategic rationale and streamlined corporate structure with direct realizable synergies, shareholder approval of this resolution is warranted.
  • In conclusion, we find the proposed arrangement both strategically and financially compelling, structured in a reasonable manner for GCM shareholders.

GCM Mining and Aris Gold File Joint Circular for Special Meetings of Shareholders to Approve Business Combination

Retrieved on: 
Friday, August 19, 2022

TORONTO and VANCOUVER, British Columbia, Aug. 18, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have filed the joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on September 19, 2022.

Key Points: 
  • TORONTO and VANCOUVER, British Columbia, Aug. 18, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have filed the joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on September 19, 2022.
  • The purpose of the meetings is to approve the proposed business combination of GCM Mining and Aris Gold announced on July 25, 2022.
  • Pursuant to the transaction, Aris Gold shareholders will receive 0.5 of one GCM Mining share for each Aris Gold share held.
  • On August 16, 2022, Aris Gold obtained an interim order from the Supreme Court of British Columbia authorizing the holding of the Aris Gold special meeting of its shareholders and matters relating to the conduct of the Aris Gold Meeting.

GCM Mining Declares September 15, 2022 Monthly Dividend

Retrieved on: 
Wednesday, August 17, 2022

TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on September 15, 2022 to shareholders of record as of the close of business on August 31, 2022.

Key Points: 
  • TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on September 15, 2022 to shareholders of record as of the close of business on August 31, 2022.
  • GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America.
  • In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations.
  • Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

GCM Mining Announces Second Quarter 2022 Results Webcast

Retrieved on: 
Tuesday, August 2, 2022

A replay of the webcast will be available at www.gcm-mining.com from Friday, August 12, 2022 until Friday, September 9, 2022.

Key Points: 
  • A replay of the webcast will be available at www.gcm-mining.com from Friday, August 12, 2022 until Friday, September 9, 2022.
  • GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America.
  • Cautionary Statement on Forward-Looking Information:
    This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to timing for dissemination of second quarter and first half 2022 financial results and other anticipated business plans or strategies.
  • Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

GCM Mining Reports Second Quarter and First Half 2022 Production; Declares August 15, 2022 Monthly Dividend

Retrieved on: 
Monday, July 18, 2022

In the second quarter of 2022, the Company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead.

Key Points: 
  • In the second quarter of 2022, the Company also produced 85,741 ounces of silver, up from 54,573 ounces of silver in the second quarter last year, together with approximately 294,000 pounds of zinc and 345,000 pounds of lead.
  • For the first half of 2022, the Company produced 103,149 ounces of gold at its Segovia Operations, up from 101,256 ounces of gold in the first half last year.
  • GCM Minings trailing 12-months total gold production at the end of June 2022 was 208,282 ounces, up about 1% over last year.
  • Plant operations in June 2022 reflected a scheduled 120-hour stoppage to change the linings of the mill in addition to routine repairs and improvements.

GCM Mining Announces May 2022 Production; Declares July 15, 2022 Monthly Dividend

Retrieved on: 
Thursday, June 16, 2022

TORONTO, June 16, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,507 ounces of gold in May 2022, up from 17,936 ounces of gold in May last year.

Key Points: 
  • TORONTO, June 16, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining or the Company) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,507 ounces of gold in May 2022, up from 17,936 ounces of gold in May last year.
  • Segovias trailing 12-months total gold production at the end of May 2022 was 208,701 ounces, up about 1% over 2021.
  • The Company is on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
  • GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America.