After experiencing some of its biggest gains in history during CV-19, gold is rallying once again.1
U.S. Mint just reported its best March performance since 1999, selling 155,500 ounces of American Eagle Gold bullion coins (a 73% increase from February) marking the strongest gold bullion demand in over two decades.2
Meanwhile, spot gold price once again surpassed $2,000 per ounce earlier this month and could break August 20203 record high of $2,072.50 as geopolitical uncertainty and even higher inflation sends a new wave of inflows into the sector.
“The gold market is in a very strong uptrend. In the current environment, there is very little that could derail the rally to higher prices.”4 – Equity Capital analyst David Madden
71% of the Wall Street analysts that participated in Kitco News’ recent gold survey expect gold prices to keep rising from current levels.
And retail investors clearly agree.
So, how do you get in on the gold market before prices reach new heights?
Take the Warren Buffet approach, buy into companies with clear gold commodity exposure. 5
Now, most of us can’t afford to double down on companies like Barrick Gold like Buffet did.
Luckily, we found an under-the-radar gold company that’s on an accelerated path to production in one of the world’s most friendly mining districts.
That company is Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF).
Ximen Mining is working to reopen its 100% owned Kenville Gold Mine, the first underground mine in British Columbia, which previously produced 65,381 oz gold and 27,685 oz silver from discovery in 1899 until 1954.
But, Kenville isn’t the only thing this company has going for it.
Ximen’s (TSXV:XIM) (OTCQB:XXMMF) portfolio of BC-based properties has multi-million ounce blue sky potential and the company is gearing up for an aggressive drill program to unlock it.
But, there are so many reasons to keep a close eye on this company:
6 Reasons
To Add Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) Could Quickly Surpass Its Peers in BC’s Gold Market
1
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) holds 100% ownership in the past-producing Kenville Gold Mine, which consists of 20,092 hectares of highly valuable land. The company also owns 100% of its projects AND all of the equipment, meaning no NSR and no CAPEX.
2
Gold and gold stocks are Outperforming Everything – Spot gold ripped through $2,000 with big momentum to go way higher along with gold mining stocks.
3
New Gold’s $2M investment for 9.9% of the company and 26% owned by insiders is a tightly held share structure with a highly-experienced management team.
4
More than mining: Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has always had a strong ESG initiative and is a leader in clean exploration practices in BC.
5
No one trick pony: Ximen‘s property and project portfolio is vast, high-potential, and holds multiple opportunities for high-grade discoveries and potential production in its project pipeline in the short and long-term.
6
Management-driven vision and success: Ximen has mining industry veterans that have had multiple successes at the highest level, in difficult bear markets and more.
Discovering New Potential in a Historic Mine
Three recent drilling programs discovered a new, untouched vein system directly south and west of the historic Kenville Gold Mine unlocked a potential that Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) couldn’t ignore.
Here’s what the results revealed:
- Drilling produced consistent intersections, on multiple veins, over a distance of 700m with 250m dip length
- Veins are open to the south/west/east and to depth. Intercepts range from .28 meters to .94 meters
- Grade ranges between 26.6 g/tonne gold to 88.1 g/tonne gold
- Favorable metallurgical results of 99% combined gold recovery
What all that means is this is a potential significant gold find with lots of profit potential – and Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) not only owns 100% of Kenville (and its other projects, which we will get to later) meaning no NSR, but it also owns all of the equipment and buildings on site – No CAPEX.
The company has been quick to create a development plan for its find.
Permit applications have been submitted and a draft permit is expected soon.6
In other words, Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) could be up and running on its Kenville Gold Mine project sooner rather than later.
This Find Couldn’t Have Come at a Better Time
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is uniquely positioned to capitalize on the elevated gold prices thanks to its near-term Kenville Gold Mine. Plus, increased investor interest in the market will help fuel the development of its other mining projects.
The company has already created an expansive drill plan through 2024.
Plus, Ximen is Focused on Being ESG-Friendly
Today’s shareholders and institutional investors are demanding a strong ESG commitment from the companies they put their money in.
It’s reached the point where companies that don’t meet rising demands for sustainable and environmentally friendly mining are going to be left behind.
In fact, an EY report entitled “Top 10 Business Risks and Opportunities for Mining and Metals in 2022” actually listed environmental and social issues as the number one risk for mining companies operating today.7
Luckily, Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has long made environmentally-friendly mining practices a central part of doing business.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is committed to being a leader in sustainable mining and responsible development in British Columbia and has set a goal of maintaining as small an environmental footprint as possible as it moves its many mining and exploration projects forward.
The Bottom Line …
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) checks a lot of the boxes that mining investors should be looking for in today’s marketplace. This is a company that is preparing to be self-funded once its Kenville project moves to continuous production and has a promising pipeline of projects.
To learn much more about this exciting mining company and its plans for the future, click on the link below.
