Gold is making a serious comeback that even the biggest market bears can’t ignore.
First, it was the US banking collapse that shocked the markets and sent gold prices above $2,000 per ounce.1
Since then, the market has been hit with major global events that could keep prices elevated.
On April 2, OPEC+ completely stunned the market by cutting output by roughly 1.16 million barrels per day in an effort to boost oil prices. Yet, experts warn that rising oil prices won’t drive inflation high enough to stop the gold rally.2
And as history has shown, the looming recession is positively influencing gold prices.
Since the gold standard was removed in 1971, investments in gold have increased during recessions as investors seek safer options. Just look at what has happened to the gold price during crashes compared to the S&P 500:
It’s no surprise that Bank of America sees gold prices surpassing $2,100 per ounce and a two-year bull run that could push prices beyond $2,500 per ounce.3 Goldman Sachs also just raised its 12-month gold price forecast by $100 per ounce to $2,050, joining others like Citibank, Commerzbank and ANZ in increasing targets.
The digital currency market crash is also a positive for gold. Michael Burry, the famous fund manager from Scion Asset Management who correctly predicted the financial collapse in 2008, sees gold as the likely winner in this next recession and warned that the S&P 500 could lose half its value.4
Forget gold bullion. Mining companies are the true goldmine. Mining companies could offer a great opportunity because gold mining stock prices haven’t been this cheap in decades.5
Especially X-factor-type mining stocks like Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF), which just recently unveiled a clear and accelerated path to develop its Kenville gold mine.
Ximen is on track to becoming the next significant high-grade gold company in southern British Columbia, one of the best mining jurisdictions in the world.
And its progress couldn’t be coming at a better time in the marketplace.
As aftershocks from the banking crash continue to echo through the markets and central banks downshift their interest rate hikes, gold prices are expected to remain elevated and according to billionaire gold investment guru Eric Sprott, they could hit new record highs.6
These economic conditions are the perfect time for mining companies like Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) to stand out.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is not only preparing for mine development that’s aiming for gold production at its Kenville Project but it also has an expansive drill campaign planned for all of its projects (over 130,000 meters in total) planned through 2024.
This is an exploration and mining company that intends to increase its operations and begin mining gold during a period when gold demand is also expected to be increasing exponentially.
But what separates Ximen from the competition?
6 Reasons
to Add Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) to Your Watchlist
1
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) holds a HUGE Land Package at a forgotten yet potentially highly profitable mine – Kenville consists of 20,092 hectares of highly valuable land.
2
Gold and Gold Stocks are Outperforming Everything – Spot gold continues to test US$2,000 per ounce with several catalysts looking to send it higher along with gold mining stocks.
3
New Gold’s $2M investment accounts for 9.9% of the company and 26% owned by insiders is a tightly held share structure with a highly-experienced management team.
4
More than compliant: Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has always had a strong ESG initiative and is a leader in clean exploration practices in BC.
5
No one-trick pony: Ximen’s properties and project portfolio are vast, high-potential, and hold multiple opportunities for profitable high-grade discoveries and potential production in its short- and long-term project pipeline.
6
Management-driven vision and success: Ximen has mining industry veterans that have had multiple successes at the highest level, in complex bear markets and more, including CEO Christopher R. Anderson, who successfully navigated one of the most challenging bear markets in mining history.
That’s just a peak at the many positives that Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has going for it. Let’s take a deeper look at what this gold company has to offer.
Gold’s Performance During Previous Recessions Offers Glimpse of What’s to Come
Gold is the world’s oldest valuable commodity and an excellent investment in tough economic times, with investors traditionally turning to the yellow metal during recessions.
Let’s take a look at how the gold spot price has performed compared to the S&P 500 during previous recessions.
Since the gold standard was abandoned in 1971, gold has seen positive price changes during recessions. What’s more, in the last three recessions since 2000, gold’s performance has countered the S&P 500.8
When the stock market crashed in 2007 due to the housing bubble, investment demand for gold quickly rose as investors looked for a safer option. Between 2007 and 2011, the price of gold more than doubled.
Then in 2020 when fear and uncertainty were at a high during CV-19, gold-backed exchange-traded funds (ETFs) experienced record inflows,9 sending the price to an all-time record high.
Since 2020, the price of gold has risen sharply in recent months, breaking the $2,000 per ounce barrier this week.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is uniquely positioned to capitalize on the elevated gold prices thanks to its near-term Kenville Gold Mine. Plus, increased investor interest in the market will help fuel the development of its other mining projects.
This could be a mining company that sees big gains in the near future. Here is how it compares to its peers in the marketplace:
During one of the biggest financial crises of the era, gold stocks have been crushing it. And they’re doing it in BC, a world-class mining jurisdiction.
Consider how peers like Skeena Resources are knocking it out of the park, right in Ximen’s backyard of beautiful BC.
Last year, Skeena signed a cash and stock deal to acquire QuestX Gold and Copper for C$48.6 million, which owns several high-value, high-grade properties in BC. And will immediately sell a handful of QuestX properties to mining giant Newmont, for C$27 million.10
Land packages and projects in BC are so hot, they’re trading hands like prime real estate in New York or Miami.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) could have its breakout at any moment, and investors aren’t just getting a great company – they’re getting exceptional projects.
And remember, Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has 100% ownership of its projects and equipment. This is a company that is planning on self-funding exploration in the future once its Kenville project is producing and it has no major long-term capital expenditures (CAPEX) on the books.
Discovering New Potential in a Historic Mine
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) flagship Kenville Gold Mine was the first underground mine in British Columbia. It produced 65,381 oz of gold and 27,685 oz of silver between 1889 and 1954. And then it was ultimately forgotten … until now.
Press Releases
- Ximen Mining Receives Water Use Permit and Advances Drilling Plans for Amelia Gold Mine, Greenwood, BC
- Ximen Mining, 2023 Exploration Includes Drilling At Wild Horse Project Cranbrook BC
- Ximen Mining Acquires Perry Creek Gold Property Cranbrook, BC
- Ximen Mining 2023 Exploration Plans – Historic Mining Camp – Greenwood BC
- Ximen Mining To Start Trading On The Gettex Exchange In Germany
Three recent drilling programs discovered a new, untouched vein system directly south and west of the original mine. Here’s what Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) reports:
- Drilling produced consistent intersections, on multiple veins, over a distance of 700m with 250m dip length
- Veins are open to the south/west/east and to depth. Intercepts range from .28 meters to .94 meters
- Grade ranges between 26.6 grams per tonne (g/t) to 88.1 g/t
- Favorable metallurgical results of 99% combined gold recovery
What all that means is this is a significant gold find with lots of potential – and Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is now the sole owner of the 20K hectare property – No CAPEX.
The company has been quick to create a conceptual development plan for its find.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) received the Final Mines Act Permit for the underground development program at its Kenville Gold Mine from the BC government.11
The permit approves the establishment of new Venango Portal and 1,200 meter decline development, underground exploration drilling (20,250 m) from the new decline, one Waste Rock Storage facility, installation of surface water management structures, portable office structure and onsite fuel storage.
The company now has two permits, one from the Ministry of Environment and the other from the Ministry of Energy, Mines, and Low-Carbon Innovation, meaning Ximen (TSXV:XIM) (OTCQB:XXMMF) could be up and running on its Kenville Gold Mine project sooner rather than later.
Once that permit becomes official, Ximen Mining is planning a 1200-meter decline and 20,000 meters of drilling. Based on current models, it is fully expected that drilling will outline a 10,000-tonne bulk sample. The company then plans to move to a bulk sample permit and a small mine permit to maintain a smooth path to continuous mining.
Another great thing about the Kenville Gold Mine project is that infrastructure – including roads, hydropower, and a local experienced workforce – all already exist. That significantly reduces the company’s expected project expenses.
Plus, as stated earlier Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) owns 100% of the projects AND all of its own equipment meaning no CAPEX.
It appears to have everything lined up so that it can become the next exploration company to move into gold mining.
A Vote of Confidence From a Grade-A Mining Company
New Gold Inc. ($892.3M market cap as of April 27, 2023) is also a major investor in Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF).
New Gold took a 9.9% stake in Ximen through a non-brokered private placement worth C$2,534,686 and immediately highlighted why this company is so fascinating to investors.
Not to mention, insiders own 26% of the company too. With New Gold’s 9.9% stake, there is a strong 35.9% stake controlled by the investors running the company and that is intimately familiar with the value each project brings to the portfolio.
Investors buy low and sell high. And that’s what’s happening here. Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is highly undervalued right now considering its market cap of just C$19.39 million as of April 27, 2023.
Just the Kenville Gold Mine alone could be worth far more than that. The company owns 100% of the property, comprising an absolutely massive 20,062 hectares.
The roadmap will make this an incredibly valuable asset for these highly sophisticated investors …
And not in 10 years either; the current roadmap leads to a steady 125 tonnes a day and potential gold recovery of over 1,000oz/month in just one year after permits are granted.
Environmentally-Friendly Mining at its Finest
The Environmental, Social, and Governance movement sweeping across numerous industries is having a significant impact on mining. Shareholders and institutional investors are demanding a strong ESG commitment from the companies they put their money in. It’s reached the point where companies that don’t meet rising demands for sustainable and environmentally friendly mining are going to be left behind.
For instance, BlackRock announced in 2020 that it was divesting coal-related assets and creating funds that avoid fossil fuel stocks.12 Other top mining capital providers also followed suit.
UBS announced it was no longer going to finance new oil sands projects. Norges Bank removed oil sand producers from its trillion-dollar national wealth fund. Mitsubishi UFJ Financial Group added oil sand extraction to its restricted transaction list.13
Access to capital is becoming extremely difficult for companies that do not meet new ESG requirements.
An EY report titled “Top 10 Business Risks and Opportunities for Mining and Metals in 2022” listed environmental and social issues as the number one risk for mining companies operating today.14
The good news for Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is that it has long made environmentally-friendly mining practices a central part of doing business.
Ximen is committed to being a leader in sustainable mining and responsible development in BC and has set a goal of maintaining as small an environmental footprint as possible as it moves its many mining and exploration projects forward.
“A greener economy cannot exist without mining,” said Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) President and CEO Christopher R. Anderson.
Anderson and other Ximen Mining officials are taking their role of bringing greater environmental safety to the mining industry seriously.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) represents a new generation of mining companies that are committed to environmental safety.
Ximen is Not a ‘One Trick Pony’
In addition to the Kenville Gold Mine Project, Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has a number of other promising projects in its pipeline. For instance:
Brett Epithermal Gold Project
Ximen has 100% ownership of this 20,025 hectare gold project situated in Southern British Columbia near the city of Vernon. Historical intercepts from this property include up to 168 g/t over 1.3m core length, with visible gold being common. In 1995-1996, 291 tonnes of surface trench samples graded at 28 g/t gold and 64 g/t silver.
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) says Northwest trending gold shears are located roughly 50 to 60 meters apart and can be followed along strike for at least 1200 meters and occur over at least 1 kilometer in an east-west direction. The potential exists for 15-20 parallel gold-bearing shears.
Ximen (TSXV:XIM) (OTCQB:XXMMF) conducted airborne LIDAR and magnetic measurements at its Brett site in Vernon in southern British Columbia during the 2022 field season. Magnetic surveys were flown at 50m intervals over a total area of 54 square kilometers.15
In January 2023, Ximen announced that it is proceeding with its plan to do underground mine exploration development at its Brett Property.16
Amelia Gold Mine Project
Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) acquired mineral properties covering the historic Cariboo-Amelia gold mine in Camp McKinney near Mt. Baldy Mountain Resort in Southern British Columbia. This acquisition added to Ximen’s significant property holdings in the region.
The Cariboo-Amelia was BC’s first dividend-paying lode gold mine and was the most significant producer from Camp McKinney. Over its intermittent 68-year mine life from 1894 to 1962, the Cariboo-Amelia produced 124,452 tonnes ore, of which 112,254 tonnes are reported as milled on site. Recovery included 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc (lead and zinc since 1940). The average recovered gold grade was 24.68 g/t gold (from BC Minfile).
Amelia is only one part of Ximen’s Greenwood Camp holdings, which also include Bud-Elk and Providence properties.
Ximen completed aerial LIDAR and Magnetic studies at its Amelia property during the 2022 field season.17
In the Greenwood Mining Division, the Amelia property includes the ancient Cariboo-Amelia gold mine in Camp McKinney near Rock Creek, BC. Each magnetic and LIDAR survey covers an area of 8 square km.
And Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has a solid upcoming drill plan that includes nearly 130,000 meters of drilling through to 2024.
Exceptional Leadership Team With Proven Mining Experience
Members of the Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) leadership team include:
Clearly this company has a lot of things going for it and that’s why we are recommending that you begin doing your due diligence. To help you get started, here is a recap of the primary reasons to consider investing in Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF).
RECAP: 6 Reasons
Ximen Mining is Worth Looking Into Further
1
Banking collapse and prolonged inflation are driving interest in safe haven investing and putting well-positioned gold mining companies like Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) in the spotlight.
2
Ximen Mining Corp. holds a HUGE Land Package at a Forgotten Yet Potentially Highly Profitable Mine – Kenville consists of 20,092 hectares of highly valuable land.
3
New Gold’s $2M investment (9.9% ownership) and 26% insider ownership creates tightly held share structure
4
ESG-Focused: Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) has always had a strong ESG initiative and is a leader in clean exploration practices in BC
5
No one-trick pony: Ximen’s property and project portfolio is vast, high-potential, and holds multiple opportunities for profitable high-grade discoveries and possible production in its project pipeline in the short and long term.
6
Management-driven vision and success: Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF) is guided by some of the top mining officials in the marketplace, including CEO Christopher R. Anderson, who successfully navigated one of the most challenging bear markets in mining history.
With gold prices continuing to rise amid economic uncertainty, it’s an ideal time to consider adding precious metals to your portfolio as a hedge against what’s to come.
Not interested in buying gold coins or bars? Take the Buffett approach: Don’t invest in physical gold, but the companies that surround it.18
Bullion can be a good investment, but gold mining companies could offer greater potential amid rising prices.
Especially companies like Ximen Mining Corp. (TSXV:XIM) (OTCQB:XXMMF), which is on track to becoming the next significant high-grade gold company in southern British Columbia, one of the best mining jurisdictions in the world.
