Investors Keep an Eye on Gold as Governments Worldwide Take Action
- FinancialBuzz.com News Commentary
NEW YORK, Feb. 19, 2021 /PRNewswire/ Gold prices were stable on Thursday. However, the economic landscape is becoming more complex and Bitcoin now competes with the yellow metal for a safe-haven status. Furthermore, the road ahead in 2021 remains unclear in terms of where the economy is headed. Nevertheless, gold is expected to bounce back. According to a report by Kitco, the U.S. government continues to move forward with its proposed USD 1.9 Trillion stimulus package to support the U.S. economy further after the fallout from the pandemic. The U.S. is not unique in that regards, as central banks around the world are maintaining very supportive monetary policies and growing their balance sheets to record levels. The threat of global currency debasement is real and continues to increase the longer the pandemic restriction remains in effect. Therefore, the issue may not be which is
PALM BEACH, Fla., Jan. 21, 2021 /PRNewswire/ Historically, in times of global crises, gold, as a safe haven, has performed positively, and2020 was no exception. An article in CNBC said that
PRELIMINARY Q4 2020 SALES
Osisko received approximately 18,800 attributable gold equivalent ounces1 (?GEOs?) in the fourth quarter of 2020, for a total of approximately 66,100 GEOs in 2020, exceeding the revised guidance of 63,500 ? 65,500 GEOs. These figures exclude 1,750 GEOs earned from the Renard diamond stream in the fourth quarter of 2020 from diamonds sold from inventories by the operator. The net proceeds from the Renard diamond stream were reinvested through the bridge loan with the operator of the mine.
Osisko recorded preliminary revenues2 of C$64.5 million during the fourth quarter. Preliminary cost of sales2, excluding depletion2, was C$18.2 million resulting in a cash operating margin3 of approximately C$46.3 million. These figures include preliminary revenues2 from the Renard diamond stream of C$4.3?million, costs of sales, excluding depletion2, of C$1.9 million resulting in an operating cash margin of C$2.4 million.