- Gold outperformed all major global bond, emerging market stock benchmarks in 2019
- Gold price increased 18.4% in 2019, expected to skyrocket due to COVID-19-related economic factors
- KGS acquires and develops historic gold mining sites, extracting remaining wealth left behind using modern technology
- KGS recently entered into two options agreements for historic mining sites with proven reserves
Kingman Minerals (TSX.V: KGS) is a Canadian mining company focused on sourcing and developing historic gold and silver properties throughout North America with the aim of using modern technology to extract remaining wealth left behind by previous generations. As the world braces for a coming recession, the price of gold is expected to reach record levels (http://nnw.fm/crqyo), positioning KGS favorably to benefit from the current bullish nature of the gold sector, which is driven mainly by investors diverting capital from less tangible assets to precious metals.
According to a report by the World Gold Council gold is experiencing its strongest gains since 2010, having risen 18.4% in 2019 and with even greater results expected this year. Besides increased market risk and weak economic growth, additional factors pressuring gold upward include lowered interest rates, increased government debt levels and fears that inflation will lower the value of fiat currency. Strong capital flows into gold-backed ETFs and large purchases of gold for central banks by governments like The Communist Party of China (http://nnw.fm/sDT5v) and the Russian government (http://nnw.fm/HUlR9) all contributed to its rise in value as the metal outperformed major global bond and emerging market stock benchmarks in 2019.
KGS is leveraging this trend through the acquisition and development of historic gold mining sites, extracting the remaining wealth safely and cost-efficiently by using new, innovative technologies unavailable to previous generations. Unlike the scraping, picking and panning techniques used in the past, KGS is leveraging technological upgrades to the extraction process at its Mohave Project and Cadillac East Properties, two historical mining sites with proven reserves left behind decades ago.
Originally discovered in the Music Mountains of Arizona during the 19th-century “Gold Rush” era, the Mohave Project comprises 20 lode claims that include the historic 167-hectare Rosebud Mine. With an option agreement in place allowing KGS to earn 100% over four years, the company has access to an estimated 664,000 ounces of gold and 2,600,000 ounces of silver (http://nnw.fm/O9Afw). Besides completing two underground reconnaissance and sampling programs, the company is also in the process of verifying previous resource estimates.
Also included in KGS’s diverse asset portfolio is the Cadillac East Property located in the Canadian province of Quebec, subject of numerous geophysical and geological surveys by private corporations and the Quebec government. Totaling 12 lode claims, KGS entered into an option agreement to earn 100% over three years with additional access to other recently identified potential targets that include silver, copper, zinc and nickel.
With a focused strategy that includes enhancing shareholder value, KGS actively engages in the business of precious metal mineral exploration, acquiring non-grassroots mineral properties throughout North America and advancing their production through technological innovation. As the value of gold continues to climb, KGS is poised to benefit from its increase in price along with renewed interest in mining companies by investors looking to divert capital into the precious metal sector.
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
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.