In times of financial crisis, there’s no safer investment than gold.
Gold’s historic reputation as a safe haven asset will be a boon for mining companies as the global economy witnesses the plunging valuation of currency. Kingman Minerals Ltd. (TSX.V: KGS) (KGS Profile) has been preparing operations on a historic mine site in Arizona, benefiting from the cost efficiencies of revitalizing an already established exploration site. Coer Mining Inc. (NYSE: CDE) has recently reopened operations in Mexico as the country’s government relaxed pandemic restrictions. Kinross Gold Corporation (NYSE: KGC) is hoping to benefit not only from renewed investor interest in gold but also from the mineral’s applications in medical testing. Hecla Mining Company (NYSE: HL) has been expanding from silver into gold and has renewed operations in Quebec as precious metals mining was designated a vital economic activity. Agnico Eagle Mines (NYSE: AEM) has also recommenced work in Quebec after a shutdown that will affect many mining companies’ output, but the company will still produce over a million ounces of gold this year.
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About Kingman Minerals Ltd.
Kingman Minerals is currently engaged in the business of precious-metal mineral exploration for the purpose of acquiring and advancing nongrass-roots mineral properties located in mining friendly jurisdictions of North America. The Mohave Project is located in the Music Mountains in Mohave County, Arizona, and is comprised of 20 lode claims that are inclusive of the past-producing Rosebud Mine. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. 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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