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Newmont Goldcorp’s JV With Barrick Shakes Things Up; Other Companies To Watch

Barrick Gold Corp stated Monday that its joint venture with Nevada’s Newmont Goldcorp is suspected to raise production by nearly 1 million ounces of gold in the second half of the year.

Barrick and Newmont entered into a joint venture in Nevada in March of 2019 after a volatile $18 billion withdrawal from its direct competitor, which ultimately united the world’s two biggest gold producers.

As this recent merger is shaking things up in the precious metals sector, one major producer worth paying attention to is Inception Mining, Inc. (“IMII”).

Opening with an increase of 2.85 percent Monday, IMII engages in the acquisition, exploration, and development of mineral properties in the United States with a primary exploration of gold deposits.

Moreover, they’ve recently acquired property the desert of Northern Nevada, which provides a series of mines that have produced millions of ounces of gold and silver over the years. This recent acquisition will undoubtedly make them an opportune investment candidate, placing them in the same playing field as Barrick and Newmont.  

Today we’re highlighting: Inception Mining, Inc. (OTCQB: IMII), Barrick Gold Corporation (NYSE: GOLD), Vale S.A. (NYSE: VALE), Southern Copper Corporation (NYSE: SCCO), Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (OTCPINK: NILSY).

Inception Mining, Inc. (OTCQB: IMII), (Market Cap: $8.370M; Share Price: $0.15),

Inception Mining, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States.The companies primary focus is on gold deposits, from owned mining properties. The company primarily holds interest in the Clavo Rico mine located on the 200-hectare Clavo Rico Concession,which is located in southern Honduras.

 

Barrick Gold Corporation (NYSE: GOLD), (Market Cap: $26.083B; Share Price: $14.87), Barrick Gold Corporation explores for and develops mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds a 50% interest in the Veladero, a gold mine located in Argentina; 50% interest in the Kalgoorlie gold mine located in Australia; 95% interest in the Porgera gold mine located in Papua New Guinea; 50% interest in the Zaldívar, a copper mine located in Chile; and 50% interest in the Jabal Sayid copper mine located in Saudi Arabia. The company also owns gold mines and exploration properties in Africa; and various projects located in the Americas and Africa.

 

Vale S.A. (NYSE: VALE), (Market Cap: $71.616B; Share Price: $13.97), Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals, Coal, and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and others ferrous products and services; and provides related logistics services. The Coal segment is involved in the extraction of metallurgical and thermal coal; and provides related logistics services. The Base Metals segment produces and extracts non-ferrous minerals, including nickel; and its by-products, such as copper, gold, silver, cobalt, precious metals, and others.

The company announced on June 28th, 2019 that it plans to spend R$1.8 billion ($471 million) by 2023 in several projects to stabilize remaining structures at the Córrego do Feijão mine in Brumadinho following the dam rupture in January. Other projects include reducing tailings flow into the Paraopeba river, ensuring proper disposal of tailings and rebuilding public facilities. 

 

Southern Copper Corporation (NYSE: SCCO),(Market Cap: $29.7B; Share Price: $38.42), Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and three SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery.

 

Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel (OTCPINK: NILSY), (Market Cap: $42.929B; Share Price: $22.68), Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Europe, Asia, North and South America, Russia, and the CIS countries. The company operates through GMK Group, KGMK Group, NN Harjavalta, GRK Bystrinskoye, Other Metallurgical, and Other Non-Metallurgical segments. It prospects, explores, extracts, refines, and processes minerals; and produces, markets, and sells base and precious metals. The company’s products include nickel, palladium, copper, platinum, cobalt, rhodium, iridium, ruthenium, silver, gold, selenium, tellurium, sulfur, sodium sulfate, and sodium chloride.

 

As the demand for gold continues to rise in an economy where the future of the dollar remains unknown, companies who are on the perpetual rise, like Inception Mining, Inc. provide investors with peace of mind in terms of a resilient investment opportunity.

 

Legal Disclaimer:

This article was written by Regal Consulting, LLC (“Regal Consulting”).  Regal Consulting has agreed to a three-month term consulting agreement with IMII signed 02/12/2019.  The agreement calls for $25,000 in cash and 10,000 restricted shares of IMII per month. All payments were made directly by Inception Mining, Inc. to Regal Consulting, LLC to provide investor relations services, of which this article is a part of.  Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice.  This article is based on public information and the opinions of Regal Consulting. IMII was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein.  Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.

 

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