Brazilian gold
The supply chains for gold are complex. Italy and Germany import gold from Brazil.
(PresseBox) - All of the gold that Germany imports from Brazil and 71% of the gold imported by Italy comes from areas of the Amazon. Illegal mining is widespread there. Achieving transparency in gold supply chains is not easy. Gold is easy to smuggle, can be exchanged worldwide and is often difficult to trace. There are black sheep everywhere, including in the gold sector. This is why due diligence checks are so important in order to obtain knowledge about the supply chains. Conflict and risk areas such as Brazil are particularly in focus.
In any case, Germany imported around 1.3 tons of gold from Brazil from the state of Amazonas in 2023. Last year, Italy imported almost 360 kilograms of gold from the states of Pará and Sao Paulo, among others. Wild gold mining has increased significantly there in recent years. Sao Paulo, for example, produces no gold at all, but is an important transshipment point for gold sales and exports. The European Union is trying to take action against the sale of illegally sourced gold with strict rules. Incidentally, the main importer of Brazilian gold is Canada. The gold is exported from legally licensed mines. The second largest buyer of Brazilian gold is Switzerland. Great Britain is in third place. Switzerland s gold imports from Brazil, of which around 70 percent is exported to the EU, are said to include gold from illegal mines.
If investors focus on mining stocks, they know where the gold comes from. Fortuna Mining and Vizsla Silver, for example, have gold and silver in their underground mines.
Fortuna Mining - https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ - (formerly Fortuna Silver Mines) is already a successful producer. The projects are located in Mexico, Peru, Burkina Faso, Argentina and the Ivory Coast.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - also owns gold and silver; the Panuco project is also located in Mexico. Visible gold has even been found there.
Current company information and press releases from Vizsla Silver (-https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 20.08.2024 - 09:23 Uhr
Sprache: Deutsch
News-ID 710283
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Contact person: Jörg Schulte
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