- The demand for gold continues to increase while new resource supply remains scarce, creating the potential for a supply chain imbalance in the future
- Emperor Metals is a Canada-headquartered explorer, working to develop a storied resource in southwest Quebec that contains an estimated mineral resource of 727,000 ounces of gold identified at a grade of 5.42 g/t Au
- The company’s flagship project exhibited new possibilities in 2023 when Emperor discovered the potential for a large-scale open pit above a high-grade underground gold deposit
- Emperor followed on last year’s landmark development with an 8,000-meter drill program into the deposit launched last month along with an 8,000-meter core sampling project in the open pit
A demand-supply imbalance appears to be developing in the gold market as the precious metal sees increasing use in the energy, healthcare, and technology sectors, and its growing safe-haven investment status, results in a continuing increase in demand from central banks despite a scarcity of gold deposits entering the market.
“The bigger picture, I think about mine production is that, effectively, it plateaued around 2016, 2018 and we’ve seen no growth since then,” World Gold Council (“WGC”) Chief Market Strategist John Reade stated in a Zacks report on the…
NOTE TO INVESTORS: The latest news and updates relating to EMAUF are available in the company’s newsroom at https://ibn.fm/EMAUF
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
