Gold mining company in Mexico and gold investment benefits? Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years. This is because when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else. Moreover, gold is seen as a good store of value so people may be encouraged to buy gold when they believe that their local currency is losing value.
Return rates of physical gold are never profitable if you invest in the gold jewellery. The reason being that the price of jewellery is not only determined by the gold rates but it also includes the making charges and this is the just the half story i.e. when you purchase the gold. Now, when you sell the gold, the story is totally different, the making charges are not considered and you get the money only for the pure gold based on the gold rates of that particular day. Take for example; the gold rate in Mumbai during December 2015 was 27000 Indian rupees for ten grams of 24 karat gold and assuming that you bought a gold necklace of 20 grams for about 60,000 Indian rupees which include the making charges too. Now, due to some reason you want to sell it and you go to a shop who quotes the price only for the gold that necklace contains and not for the stones it has or the copper which weighs it down to only 13grams and the cost of 13 grams of pure gold in 2020 is only 40000 Indian rupees in 2020, obviously, it is a loss deal for you and thus, poor return rates are one of the downsides to keep in mind while investing in physical gold.
Starcore International Mines Ltd. has a 100% interest in the Ajax Property (“the property”). The property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. The property is located on the eastern flank of Mount McGuire, 60 km south of Stewart, B.C., 15 km northeast of Alice Arm. Alice Arm, a summer hamlet, is located on the north side of the east arm of Observatory Inlet. Kitsault, a semi-abandoned townsite located on the south side of the arm is on the B.C. Power Grid. There is good road access between Kitsault and Terrace 100 km to the south. In the 1960’s, there was a tote road from Alice Arm to the property that is no longer usable. Access is presently by helicopter. See more details at gold production Mexico.
Discovered in 2012 this area has been found to host several veins 1 – 5m thick generally dipping 20 degrees to the east and striking north/south. It has been found within 50 meters of main in the footwall of San Martin structure in the footwall which was previously thought to be exclusively shales. To date at least 4 veins have been found above level 4 in the northeast of San Martin and possibly 2 veins above level 2 further south. Some of the veins are vertical and some are dipping around 40 degrees. In general most are striking parallel to San Martin breccia.
Starcore International Mining and El Creston Property development news: The Creston property is located within the Basin and Range Province. The Province, extending from northern Mexico to southwestern United States hosts several porphyry copper and/or molybdenum mines and deposit including Creston that are related to a Laramide (~90-40 Ma) magmatic-orogenic event. Mapping and Astar Imaging of the Creston Property has outlined a 5.5 km x up to 1.5 km wide, east-west, trend (Creston) of hydrothermal alteration related to Laramide aged quartz monzonite intrusions. The trend is elongated east-west due to subsequent displacement by low angle faulting. Within the Creston Trend several zones of low fluorine porphyry style, molybdenum and/or copper mineralization including the El Creston Main/RedHill (Creston Deposit) occur. Most of the molybdenum mineralization within the Creston Trend is associated with potassic and phyllic (quartz-sericite) alteration, often accompanied by various degrees of silicification. Read extra details on https://starcore.com/.