Rich Net Funds own several gold ore reserves around the world. We are engaged in various gold operations globally, as well as numerous exploration projects around the world. Right now, we have at about 8 underground and 7 open pit mines, 2 autoclave facilities, 2 roasting facilities, 3 oxide mills, a flotation plant and five heap leach facility. We have also started to setup infrastructure to extract more ore from the existing mines and are on the process of acquiring more mines globally. We are also waiting for approval from the government for starting new mining projects and other legal procedure work is on the way.
Global economic conditions and higher domestic gold prices are expected to boost revenue for the Gold Ore Mining industry over the next five years from 2020. Global expectations of higher inflation will keep the global gold prices high by historical standards over the period. Gold's status as a safe monetary asset for global investors will also support the gold price in coming years. Pandemic and inflation will result in increase in gold prices, and our production growth will aid in our revenue growth.
Gold stocks are not always proportional to the bullion prices. Gold stocks are directly connected to the rise and fall of the gold mining company. Thus our investment into gold mining and other high valued metal mining help us to financially grow even when the gold stocks are sluggish. Thus the company stays always benefitted by keeping a balance between gold mining and gold trading.
© Copyright 2020 Rich Net Funds. All rights reserved.