~*~Mining and Metals Du Jour~*~

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The 6 Top Gold Stories to Watch in 2020

https://www.prnewswire.com/news-releases/the-6-top-gold-stories-to-watch-in-2020-300960644.html

The Next Gold Hotspot

There is a new goldrush taking place in an unexpected hotspot. It all started when some artisanal miners stumbled across a couple of large gold nuggets. One of those nuggets weighed 1kg and was worth $45,400, and that wasn't even the biggest. A second nugget that was found came in at nearly three times the size - worth $122,500. And that's only the beginning.

The mine where these nuggets were discovered has been shown to have visible gold extending all the way from the surface down to 200 meters. This discovery truly is unique.

To make things even better, the mine is located on one of the largest gold belts in the world, meaning that African Gold Group's (AGG.V- AGGFF) Kobada mine in southern Mali has been quick to draw investor attention.

South Africa has lost its crown as the world's largest gold producing area to a new region in West Africa…. A region that now includes this new Kobada Mine. The initial aim of AGG was to produce 50,000 oz/year from Kobada – a respectable production level – but it is now aiming for twice that. A 100,000 oz/year production level from a deposit that is expected to exceed more than 2.2. million ounces. And as if that wasn't enough, it has only focused drilling on less than 10% of its perspective concessions – so these numbers could be much, much bigger.

At today's gold prices, you are looking at $3.1 billion in gross revenue – and that's from a company with a $30 million market cap.

West Africa is undeniably the hottest gold spot on earth, and for good reason. The region is stable, the labor costs are low and the licensing process is incredible speedy compared to other regions (3 months versus the 5-7 years you can see in North America)

The timing couldn't be any better for African Gold Group's (AGG.V; AGGFF) and the Kobada mine. There are already 61 new assets in production or construction stages in the area, with 24 more assets undergoing economic assessments and an incredible 367 assets in exploration. This is currently the center of the gold mining universe.

It isn't any surprise then, that African Gold Group's (AGG.V; AGGFF) was easily able to raise fresh funds for the Kobada operation. And it probably helped that the AGG management team reads as a who's who of mining industry professionals and financial experts who have been producing gold success stories for decades…

Two of the company's directors, Sir Sam Jonah and Bruce Humphrey, already have a combined experience of one hundred years working the finances for mining operations.

There are very few individuals as respected or experienced as AGG's mining engineer Danny Callow. Callow served as the mining head for Glencore's Africa Copper division, where he built and operated a number of copper and cobalt operations in Africa to more than 400,000t per year. He was also responsible for building the world's largest cobalt mine.

But the real jewel in the crown of AGG is the company's new CEO, with thirty years of experience in the industry and an incomparable CV. Stan Bharti has overseen countless successes in the mining industry, amassing over $3 billion in investment capital and uncovering more than 20 million ounces of gold. And it's not just his experience that has investors excited, Bharti has a real talent for reading the gold market. He correctly predicted two major price spikes in the mid-1990s and 2003. Then, in 2008, he took a small company at the height of the global financial crisis, and spun it off four years later in a deal worth $500 million.

With Bharti in charge and the Kobada mine about to enter operation, African Gold Group's (AGG.V-AGGFF) is quickly climbing the ranks.