MIDAS SHARE TIPS: Do you want your 株 as gold 攻撃する，衝突するs new highs? Then dig 深い and 始める，決める your sights on 資本／首都 演習ing

By Joanne Hart, 財政上の Mail on Sunday

Updated:

The lockdown may be 解除するing, slowly, but 経済的な prospects remain uncertain, 利益／興味 率s are likely to stay の近くに to 無 for some time and many professional 投資家s are nervous about the 未来. These are difficult times ? but they are good for gold.?

The metal is 貿易（する）ing at over $1,700 (£1,390) per troy ounce, an eight-year high. 専門家s believe 条件s are 始める，決める fair for some time to come, which bodes 井戸／弁護士席 not just for gold 鉱夫s but those who work with and for them, too.?

資本／首都 演習ing specialises in 演習ing for gold. One of the 最高の，を越す ten drillers in the world, its （弁護士の）依頼人s 含む some of the best-known 指名するs in the 採掘 産業, such as Anglo Gold Ashanti, Barrick Gold and Centamin.?

Gold price: The metal is trading at over $1,700 (£1,390) per troy ounce, an eight-year high.

?Gold price: The metal is 貿易（する）ing at over $1,700 (£1,390) per troy ounce, an eight-year high.

資本／首都 株 are 61p and should go higher. The company is expe cted to 利益 on several counts from the rising gold price and it even 支払う／賃金s a （株主への）配当.?

A payout of 2.25 cents (1.84p) is 予測（する） for this year, putting the 在庫／株 on a 産する／生じる of more than 3 per cent.?

資本／首都 作品 almost 排他的に in Africa, where plenty of gold 採掘 takes place, but 器具／備品 is often old and past its best.?

資本／首都 目的（とする）s to change this. Under chairman and co-創立者 Jamie Boyton, the group has 終始一貫して 焦点（を合わせる）d on 質 ? using 最高の，を越す-dollar 道具 and 確実にするing it is 適切に 持続するd.?

高度に qualified staff are 雇うd, too, 有能な of sensing what lies a mile beneath the surface when they start to 演習 just from the feedback they receive as they start to work.?

Such せいにするs are 批判的な at gold 地雷s. 停止s and 力／強力にする 削減（する）s can mean thousands of 続けざまに猛撃するs of lost 歳入, so 強健な 器具／備品 and 技術d staff help 資本／首都 attract and 保持する blue-半導体素子 顧客s.?

Most 演習ing groups 焦点（を合わせる） on working with explorers. Over the past few years, however, 資本／首都 has pivoted に向かって gold 生産者s ? 鉱夫s who are churning out gold day in, day out.?

Boyton has 調印するd long-称する，呼ぶ／期間／用語 契約s with these 生産者s so 資本／首都 enjoys m 鉱石 stable 歳入s than most of its 競争相手s.?

The group also 利益s when gold prices rise. In a bullish market, 生産者s start looking for more gold, so 探検 予算s 増加する and they need more 演習s.?They also tend to recalculate which parts of their 地雷 are profitable.?

The higher the gold price, the more areas can be economically 演習d. And junior explorers start working harder, too, creating その上の 需要・要求する for 演習 specialists.?

資本／首都 is already experiencing a 選ぶ-up in 需要・要求する and that should 固執する throughout 2020. In the first ４半期/4分の1, for example, turnover rose 20 per cent to $32.5million, while 仲買人s 推定する／予想する 十分な-year 人物／姿／数字s of around $130million, a 13 per cent 増加する on 2019 numbers.?

逮捕する 利益（をあげる）s are likely to show even stronger growth, up 20 per cent to $12million, with その上の rises pencilled in for 2021 and beyond. The company 報告（する）／憶測s in dollars, because gold is 貿易（する）d in the US 通貨?but （株主への）配当s are 変えるd to 英貨の／純銀の for UK 投資家s.?

資本／首都 is moving into new areas, 特に earth-moving and this should 生成する その上の growth. Earth-moving comes 負かす／撃墜する to digging 激しく揺するs and 輸送（する）ing them from 地雷 to mill. 契約s are large and many gold 鉱夫s are keen to use one 供給者 for both 演習ing and earthmoving.?

資本／首都 is an obvious 候補者, as it is the highest 質 演習 会社／堅い in Africa with a world-class 跡をつける 記録，記録的な／記録する in health and safety.?

Boyston has already 調印するd one 契約 and tenders are out for several more, with results 推定する／予想するd later this year.?

A 貿易（する）ing 声明 last month 明らかにする／漏らすd that coronavirus was having 極小の 衝撃 on 資本／首都. 演習ing has continued and staff have remained fit and 井戸／弁護士席.?

Looking ahead, the pand emic may create 延期するs in 採掘 activity, however Boyston remains 確信して about 会合 期待s for 2020 and the longer-称する，呼ぶ／期間／用語 見通し is 強健な.

MIDAS VERDICT:?資本／首都 演習ing is a 井戸／弁護士席-run company with a strong culture, centred on professionalism and 正直さ. At 61p, the 株 are a buy.?

貿易（する）d on: Main market Ticker: CAPD 接触する:?capdrill.com or 00 230 464 3250?

Our Canada tip 証明するs high grade

When Midas recommended Pure Gold 採掘 in August last year, the 在庫／株 was 41p. Since then, 株 in the Canadian gold group have 急に上がるd by 83 per cent to 75p and 仲買人s believe that there is more to come.?

Pure Gold is developing a gold 地雷 in Red Lake, north-west Ontario and 長，指導者 (n)役員／(a)執行力のある Darin Labrenz is 決定するd to turn the 商売／仕事 into one of Canada’s largest, most profitable gold 鉱夫s.?

The 的 is ambitious but 調印するs to date are 約束ing. 生産／産物 is 推定する／予想するd to start before Christmas with about 60,000 ounces of gold scheduled for 配達／演説／出産 in 2021, 二塁打ing to 120,000 ounces 毎年 within a couple of years.?

The 地雷 has some of the world’s highest-grade 鉱石, which means costs are low and 利益（をあげる）s should be high. 採掘 has been defined as an 必須の service in Ontario , too, so Pure Gold has been able to work through the Covid-19 pandemic.

Labrenz raised C$12million (£7.25million) on the market last week so Pure Gold is fully 基金d through to 生産／産物 with cash to spare. As 歳入 starts to come in next year, the group will 拡大する 探検 to 増加する 資源s.?

A million ounces of gold are already 推定する／予想するd from the Pure Gold 地雷 場所／位置, but this 人物／姿／数字 is likely to rise 劇的な in the next few years.

Midas 判決: Pure Gold is 支援するd by gold 採掘 巨大（な）s Anglo Gold Ashanti and Newmont Goldcorp, 同様に as Eric Sprott and 略奪する McEwen, each of whom built multi-billion dollar gold companies.?

投資家s who bought last summer may wish to play 安全な and sell some of their holdings but should keep most of their 在庫／株. Pure Gold has plenty more mileage at 75p, 特に given the 見通し for the gold price.?

貿易（する）d on: Main market Ticker: PUR 接触する: puregoldmining.ca or 001 604 646 8000?

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