As the price of gold tops USD $2,790 an ounce, inflation fears and geopolitical tensions have triggered a stampede to gold all over the world! Everyone from individual investors to central banks are buying record amounts.
Canada’s Leocor Gold Inc. (CSE: LECR | OTC: LECRF) is emerging as a prime opportunity in the heart of Newfoundland’s booming gold belt.
In an era of rising global instability and massive debt, investors worldwide are finally turning to gold as a safe haven and hedge against inflation.
And as the global gold rush accelerates and the price of gold hits record highs, savvy investors are looking for opportunities that offer leveraged exposure to rising gold prices.
One of these opportunities is the little-known gold exploration company Leocor Gold Inc. (CSE: LECR | OTC: LECRF), operating in the gold-rich Canadian province of Newfoundland and Labrador.
The company’s gold portfolio is made up of massive claims encompassing 145,975 hectares (360,712 acres) in two separate mining districts: the Baie Verte District across north-central Newfoundland’s Dunnage Zone and the Western Exploit District.
The reason for the interest is two-fold…
First, the company’s Baie Verte projects are located next-door to established mining operations that are gaining considerable outside investment. BlackRock, the world’s largest asset manager with over USD $11.5 trillion under management, recently acquired a major stake in one gold mining project in the region.
This demonstrates a vote of confidence in Newfoundland’s vast gold potential and in the Baie Verte (Green Bay) district in particular. In late October, 2024, one company in the area announced a 42% increase in the mineral resource estimate at its Green Bay copper/gold project with 1.2-million tonnes of copper alongside 500,000 ounces of gold.
“This outstanding result confirms Green Bay’s status as one of the fastest-growing high-grade copper projects with genuine scale in the Western world,” one of the company’s executives announced. “To achieve such immense growth in such a short time and for so little cost highlights the top-shelf quality of Green Bay…”
The second reason for the excitement is because Leocor Gold Inc. (CSE: LECR | OTC: LECRF) is about to begin its drilling operations in just a few weeks.
That means investors can acquire significant share positions for very modest amounts – thousands of shares for a few hundred dollars. If drilling results are positive, investors can often see significant returns relatively quickly
It’s well known that stocks of gold exploration companies can often outperform gold itself by two, three, even five times or more.
For example, in 2024 the price of gold rose from USD $2,050 in January to a record high of USD $2,790 in early November – a gain of 33.8% in less than a year.
Yet the shares of Calibre Mining Corp. (CXB.TO), a junior explorer whose Valentine project is located in central Newfoundland, soared from just USD $1.30 per share in January 2024 to $2.56 by November – a gain of 97% in 10 months or nearly 3 times better than gold itself in the same period.
Another junior explorer, Lavras Gold Corp (LGC.V), performed similarly, leaping from USD 94-cents in January 2024 to $2.48 per share in November – a gain of 163.8% or nearly 5 times better than gold itself.
And Mawson Gold Limited (MAW.V), a small Canadian gold exploration company, rose from USD 37-cents in early January 2024 to $1.10 by November – a gain of 197.2% or nearly 6 times better than gold itself!
Plus, some Canadian gold mining and exploration companies have done even better over the past several years, handing early investors enormous profits.
For example, Great Bear Resources Ltd (GBR.VN) went from being a penny gold stock selling for USD 25-cents in 2017 to USD $28 per share when it was bought by Kinross in 2022, a gain of 11,100% in 5 years.
While these companies have had great runs, now many investors are looking to newer companies such as Leocor Gold Inc. (CSE: LECR | OTC: LECRF).
This resurgent interest in gold couldn’t come at a better time. Gold is experiencing its third significant bull market since decoupling from the U.S. dollar in 1971.
The first major surge occurred from 1971 to 1980, with prices skyrocketing 1,585%.
The second phase lasted from 1999 to 2011, during which gold prices increased by 465%.
The present bull market began in December 2015 with gold at USD $1,060 per ounce. Since then, gold has climbed nearly 159%, reaching levels above USD $2,600.
On October 28, 2024, gold prices hit another record high of over USD $2,743 per ounce. This price rally is expected to continue through 2025.
Analysts at Citigroup (NYSE: C) expect the price to reach or exceed $3,000 in the next 12 months, while Goldman Sachs (NYSE: GS) forecasts prices to hit that range by year-end.
“We have the highest conviction on a bullish medium-term forecast for both gold and silver over the course of 2024 and into the first half of 2025,” noted Gregory Shearer, JP Morgan’s Head of Base and Precious Metals Strategy.
This institutional enthusiasm has sparked a gold-buying spree that extends far beyond traditional investors. Central banks purchased a staggering 1,082 tonnes of gold in 2022, followed by another 1,037 tonnes in 2023.
Most striking is the 2024 first-quarter data showing central banks acquired an additional 290 tonnes, marking the fourth strongest quarter on record.
This surge in institutional buying comes as gold supplies reach critical levels.
Goldman Sachs analysts highlight a troubling trend: no major gold discoveries (above 30 million ounces) have been made in the past two decades.
And the past three years haven’t seen a single discovery exceeding 2 million ounces.
“We’re facing a fundamental supply-demand imbalance that could drive prices significantly higher,” warned their latest commodities report.
Another reason for increased demand is the unprecedented levels of global debt.
The aggregate global debt, which includes borrowings by governments, households, and the private sector, reached a staggering $307 trillion in the first half of 2023.
This represents an increase of $100 trillion over just the last decade.
The massive increase in global debt levels also has many investors questioning the long-term stability of fiat currencies.
As governments continue to accumulate debt at unprecedented rates, investors are increasingly viewing gold as a hedge against potential currency devaluation.
Plus, recent geopolitical events, including the Russia-Ukraine war and Israel-Gaza conflict, highlight a dramatic increase in geopolitical instability worldwide – which also tends to increase demand for gold.
Global military spending reached an all-time high of $2.24 trillion in 2023, marking the ninth consecutive year of increases.
And the number of active armed conflicts worldwide increased to 59 in 2023, up from 32 in 2013, marking a 75% rise in a decade. This is the highest number of global conflicts since the data collection’s starting point in 1946 at the end of World War II.
The nations of the world have responded to this increase in warfare with an unprecedented surge in gold buying.
And for that reason, junior exploration companies are gaining increased attention – and in particular, Leocor Gold Inc. (CSE: LECR | OTC: LECRF).
The Baie Verte district of Newfoundland is a proven gold-producing region with excellent infrastructure and a supportive mining jurisdiction. Leocor Gold Inc.'s (CSE: LECR | OTC: LECRF) projects are surrounded by active mines and advanced-stage exploration projects, highlighting the area’s mineral potential.
The company’s flagship Baie Verte Portfolio covers approximately 2,000 hectares in one of Newfoundland’s most productive gold districts. The strategic location is further validated by the recent BlackRock investment in the Baie Verte region.
Junior exploration companies like Leocor Gold Inc. (CSE: LECR | OTC: LECRF) are drawing investor attention, particularly given its strategic location next to BlackRock’s investment in the Baie Verte gold district.
The potential for substantial returns is demonstrated by comparable Canadian gold companies’ remarkable performances, such as New Found Gold’s rise from $1.40 to $13 per share, and Great Bear Resources’ extraordinary 11,100% gain from $0.25 to $28 when acquired by Kinross in 2022.
The present bull market began in December 2015 with gold at USD $1,060 per ounce. Since then, gold has climbed nearly 159%, reaching levels above USD $2,700.
On October 28, 2024, gold prices hit another record high of over USD $2,743 per ounce. This price rally is expected to continue through 2025.
The world’s largest investment banks are going all-in on gold. Goldman Sachs recently raised its 12-month gold price target to USD $2,700 and gold quickly plowed through that target in mid-October. Meanwhile, Citigroup analysts expect prices to hit USD $3,000 by early 2025. And JP Morgan, in a strongly worded report, declared that “the structural bull case for gold remains intact,” highlighting it as their top pick in commodities markets.
“Gold prices continue to hit all-time highs, driven by a multitude of factors including heightened geopolitical risks, expectations the Fed will begin lowering rates and central bank buying,” Goldman Sachs analysts warned in their latest commodities report.
Driving Surge in Gold Demand: The aggregate global debt, which includes borrowings by governments, households, and the private sector, reached a staggering $307 trillion in the first half of 2023. At the same time, the number of active armed conflicts worldwide increased to 59 in 2023, up from 32 in 2013, marking a 75% rise in a decade. The nations of the world have responded to this increase in warfare with an unprecedented surge in gold buying.
Leocor Gold Inc. (CSE: LECR | OTC: LECRF) is still in the early stages of exploring and developing its project portfolio. This presents an opportunity for investors to get in on the ground floor before major discoveries or resource delineation potentially drive valuations higher.
Historic drilling results already show promising potential, with previous campaigns intersecting 9.5 g/t Au over 1.3m at the Dorset Gold Project. The Five Mile Brook project adds further upside potential with historical samples returning assays of 0.49% Cu, 0.62 g/t Au, 226 g/t Ag & 0.18% Zn over 7.62m.
And as is typical of junior exploration stocks, Leocor Gold Inc.'s (CSE: LECR | OTC: LECRF) share price is low enough that investors can acquire significant positions for very modest investments.
As the global gold rush accelerates, driven by inflation fears, geopolitical instability, record debt worldwide and a host of other factors, Leocor Gold Inc. (CSE: LECR | OTC: LECRF) is emerging as an intriguing speculative opportunity for investors seeking leveraged exposure to the gold market.
The company’s strategic location in Newfoundland’s prolific gold belt, its portfolio of high-grade targets, experienced management team, and tight share structure all contribute to its potential as a high-reward investment in the current market environment.
Moreover, the recent interest shown by major players like BlackRock in the region serves as a powerful validation of Newfoundland’s gold propsect, potentially benefiting nearby explorers like Leocor Gold Inc. (CSE: LECR | OTC: LECRF).
However, it’s crucial for investors to understand that investing in junior gold explorers carries inherent risks. While the potential rewards can be substantial, there’s always the possibility of exploration failure or delays.
Additionally, the company’s success will depend on factors such as its ability to raise capital, navigate regulatory requirements, and execute its exploration and development plans effectively.
That said, for investors with a high-risk tolerance and a bullish outlook on gold, Leocor Gold Inc. (CSE: LECR | OTC: LECRF) offers an opportunity to potentially capitalize on the ongoing gold rush at an early stage.
As the company advances its exploration programs and works to unlock the value of its Baie Verte Portfolio, it could deliver significant returns in a rising gold price environment.
In a world increasingly characterized by economic uncertainty and geopolitical tensions, gold’s allure as a safe haven and inflation hedge is stronger than ever.
For those looking to participate in this trend through a high-potential speculative play, Leocor Gold Inc. (CSE: LECR | OTC: LECRF) certainly warrants serious consideration.
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Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability to successfully develop projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons. There is no assurance that Leocor Gold Inc. will be successful in achieving a return on shareholders’ investment and the likelihood of success must be considered in light of the [early] stage of operations.
Leocor Gold Inc.’s ability to identify Mineral Resources in sufficient quantity and quality to justify development activities and/or its ability to commence and complete development work and/or commence and/or sustain commercial production operations at any of its projects will depend upon numerous factors, many of which are beyond its control, including exploration success, the obtaining of funding for all phases of exploration, development and commercial mining, the adequacy of infrastructure, geological characteristics, metallurgical characteristics of any deposit, the availability of processing technology and capacity, the availability of storage capacity, the supply of and demand for gold and other minerals, the availability of equipment and facilities necessary to commence and complete development, the cost of consumables and mining and processing equipment, technological and engineering problems, accidents or acts of sabotage or terrorism, civil unrest and protests, currency fluctuations, changes in regulations, the availability of water, the availability and productivity of skilled labour, the receipt of necessary consents, permits and licenses (including mining licenses), and political factors, including unexpected changes in governments or governmental policies towards exploration, development and commercial mining activities.
Furthermore, cost over-runs or unexpected changes in commodity prices in any future development could make the projects uneconomic, even if previously determined to be economic under feasibility studies. Accordingly, notwithstanding the positive results of one or more feasibility studies on the projects, there is a risk that Leocor Gold Inc. would be unable to complete development and commence commercial mining operations at one or more of the mineral properties which would have a material adverse effect its business, financial condition, results of operations and prospects.
For a more comprehensive overview of the risks related to Leocor Gold Inc.’s business, please review Leocor Gold Inc.’s continuous disclosure documents, each filed under the Company’s profile at www.sedarplus.ca.
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