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Gold price rally of 2020 crushes analyst forecasts

Gold had a monumental 2020 as bullion soared to multiple record highs throughout the year amid the economic uncertainties brought by the covid-19 pandemic, which helped to cap off its best annual performance in a decade.

During the past calendar year, gold prices traded at an average of $1,769.59/oz, well exceeding what most analysts were forecasting in mid-January.

According to the London Bullion Market Association’s (LBMA) annual precious metals forecast competition, analysts were forecasting the gold price to be $1,558.8/oz on average, an increase of 12% from the average price in 2019, but still short of the actual average price by over $200/oz.


World Gold Council launches analytic tool for investors

The World Gold Council (WGC) has introduced a web-based quantitative tool that helps investors intuitively understand the drivers of gold performance.

The new platform, called Qaurum, will allow investors to assess how gold may react across different economic environments in three steps.

First, select a hypothetical macroeconomic scenario provided by Oxford Economics, a leader in global forecasting and quantitative analysis, or customize your own, then, generate forecasts of gold demand and supply and view the impact of key macro drivers.


Doing due diligence: What to know before investing in a mining junior

For the past several years one of the biggest challenges facing junior mining companies has been raising initial capital. Investors are wary, and are doing due diligence before injecting funds into projects spearheaded by junior explorers that are going after mineral deposits disregarded by the majors, who typically invest in PEA-evaluated, high-grade projects with
a nearly guaranteed rate of return.

But junior explorers going into uncharted territory are on the map – and making a mark, especially in the gold and copper sectors.


Newmont officially opens all-electric Borden mine

The new all-electric Borden gold mine 9 km from Chapleau is officially open, following a ceremony attended by Denver-based Newmont Goldcorp officials and dignitaries from across the province. The company proudly says the mine features state-of-the-art health and safety controls, digital mining technologies and processes, and an all-electric underground fleet.

Dignitaries attending the launch were Ontario’s Minister of Energy, Mines, N Northern Development and Indigenous affairs Greg Rickford; Chief of the Chapleau Cree First Nation Keeter Corston; Chief of the Chapleau Ojibwe First Nation Anita Stephens; Chief of the Brunswick House First Nation Cheryl St.