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Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled “The Fed can’t print gold.”
The bank increased its target from $2,000 previously, as policy makers across the globe unleash vast amounts of fiscal and monetary stimulus to help shore up economies hurt by the coronavirus.
Junior miners tend to capitalize in times of higher gold prices. As such, take a look at the information below on Tombstone Exploration Corporation (TMBXF).
Gold Continuing to Rise Amid Recession, Civil Unrest, & Global Instability
An Emerging Markets News Commentary
ORLANDO, Fla., June 10, 2020 (GLOBE NEWSWIRE) -- In the best of times gold remains a popular haven for investors, an investment that has survived through millenniums. If there is an opposite of upstart bitcoin it is the venerable metal gold.
But it is in the most uncertain of times that gold has proven to be the most popular. Now in a year where the market has crashed, a recession has been confirmed, a global pandemic has throttled travel and commerce, and social unrest is creating chaos in the streets and on the street, gold is perhaps more popular than ever. As of this writing, an ounce of gold is up over 26% from just a year ago.
There are myriad ways to invest in gold with coins, bars and derivatives. And there is a strong and diverse category of public companies in the gold industry. Today we’ll introduce Tombstone Exploration Corporation (TMBXF), a fully reporting U.S.-based gold, silver and copper exploration & mining company based in Phoenix, Arizona.
The company’s goal is to maximize shareholder value through focused exploration, testing and development of high-quality mineral targets in the prolific mineral producing areas in the Southwest United States. They hope to achieve this goal through the application of the best mineral exploration practices and techniques available.
Enter recent news to that effect. Previously, Tombstone broke the news that Phase One construction of its Bonanza Heap Leach Project would start on or about May 25, 2020, with full project completion expected by mid-September.
“We are now moving into the construction phase of the leach pad with an estimated completion of the construction within 12 to 16 weeks,” stated Tombstone CEO and President Alan Brown. “Once leaching has started, bi-weekly delivery of the carbon to our designated gold processing facility is expected. Based on past metallurgical testing, production is budgeted at 23,000 ounces of gold with potential for more.”
Twenty-three thousand ounces of gold and spot price is right around $1,700/oz?
Next paragraph down in the presser is even more head-turning:
“Phase Two, currently under consideration, includes a much bigger package where we have potentially identified 150,000 – 300,000 oz of Au (gold) in defined underground targets in and around the old Harquahala mine with significant upside potential.”
If the numbers are anywhere near that, Tombstone might have just gone from a time of turbulence to a golden moment all its own.
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About Emerging Markets Consulting LLC
Based in Clermont, Florida, Emerging Markets Consulting, LLC (EMC) brings over 40 years combined experience in the investor relations industry. EMC is an international investor relations firm with affiliates around the world. EMC is relationship-driven and results-oriented with the goal of seeking attractive emerging companies and concentrating its resources and efforts to serve a limited number of high-quality clients. For more information, visit EMC’s website at www.emergingmarketsllc.com.
About Tombstone Exploration Corporation
Tombstone Exploration Corporation (TMBXF) is a gold, silver and copper exploration & mining company b ased in Phoenix, Arizona. The company’s goal is to maximize shareholder value through focused exploration, testing and development of high-quality mineral targets in the prolific mineral producing areas in the Southwest United States. This goal will be achieved through the application of the best mineral exploration practices and techniques available, including the adherence to the highest possible standards of corporate responsibility, governance and conduct. For more information, visit www.TombstoneMining.com
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Tombstone Exploration Corporation, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are not within Tombstone Exploration Corporation’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Tombstone Exploration Corporation’s filings with the Securities and Exchange Commission.
Security Details: Source otcmarkets.com
It goes without saying that gold finds itself a possible haven for investors in what many Americans will call the most uncertain times of their lifetimes.
And gold, which is up roughly 25% in one year edges ever closer to a benchmark of $1800 per ounce.
Despite the awful tailwinds of its rise, gold’s value trajectory is welcome news to those mining it. Simply put, they are digging for something worth 25% more than it was a year ago with roughly the same overhead as before. It doesn’t take much more than a calculator watch to surmise that gross margins expand mightily in these circumstances.
Company Website: https://www.tombstonemining.com/
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EMC has been paid $40,000 by Tombstone Exploration Corporation for various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial. http://emergingmarketsllc.com/disclaimer.php
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EMC has been paid 40,000 dollars and will receive 50,000 dollars over the next 70 days by Tombstone for various marketing services including this report. EMC does not independently verify any of the content linked-to from this editorial. https://www.emergingmarketsllc.com/disclaimer/