The People’s Bank of China has resumed gold purchases to increase its reserves, with 72.96 million ounces of gold held as of November 2024. China was the largest gold buyer in 2023 and expects to continue this trend in 2024 and 2025. Gold is favored over US government bonds for its long-standing value. Collective Mining has reported high-grade drill results at its Apollo project, discovering sub-zones with significant gold equivalent grades. The company plans a large drilling program in 2025, aiming to enhance the Apollo system’s grade profile. The stock is projected to reach CAD 6.50, with a potential future target of CAD 8-9.
Company overview:
Collective Mining ► https://www.collectivemining.com
ISIN: CA19425C1005
, WKN: A3C88F
, FRA: GG1.F
, TSXV: CNL.V
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