Overview
Gold is a worthy addition to your portfolio, whether through commodities or stock in mining companies. The price of gold is projected to reach US$2,500 by 2026, and mining companies are poised for both short and long-term profits as it steadily increases. Therefore, miners need to choose assets with significant deposits to capitalize on the metal’s growing value.
Archaean greenstone belts are famous geological formations known for hosting vast gold deposits alongside other sought-after metals like silver, zinc, iron, copper and other base metals. The largest archaean greenstone belt is the Abitibi Greenstone Belt in Ontario, Canada. Several mining companies have significant assets along the Abitibi Belt, such as Agnico Eagle Mines (NYSE:AEM), Newmont (NYSE:NEM) and Osisko Mining (TSX:OSK). Since 1901 the Abitibi Belt has produced over 200 million ounces of gold, silver, copper and zinc. As a result, the Abitibi Greenstone Belt has helped Ontario become the second-best in Canada and one of the top mining jurisdictions in the world.*Disclaimer: This profile is sponsored by iMetal Resources ( TSXV:IMR ). This profile provides information which was sourced by the Investing News Network (INN) and approved by iMetal Resources in order to help investors learn more about the company. iMetal Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.
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