Investors have been losing interest in gold mining stocks over the last year. I pointed out in my previous article that gold mining stocks are now a bargain at these levels. In this article I will shed light on investment opportunities in the Philippines.
The reason why I chose this country is because I like its fundamentals. The Philippines are one of the most mineralized countries in the world and ranks first in proven mineral resources in South-East Asia (Figure 1). It ranks in the top 5 in gold, nickel, copper and chromite reserves. Its two greatest gold and copper deposits are Tampakan (Indophil Resources (IRN) ) and King-King (St. Augustine Gold & Copper Ltd. (SAU) ). The production growth in the Philippines is enormous. The country is now 2nd in global mining production just after Russia.
To see why these 2 companies are a good bet go to: M&A Activity in the Philippines.
To see why these 2 companies are a good bet go to: M&A Activity in the Philippines.
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