- Gold continues to post record highs despite recent volatility
- Gold price broke previous 2011 ceiling of $1921 per ounce
- KGS plans to increase gold production at historic gold mining sites using new technologies
- KGS entered into option agreements to obtain 100% ownership of the Mohave Project in Arizona and Cadillac East Property in Quebec, Canada
Despite negative headlines focused on recent price drops (http://ibn.fm/XCUAS), the price of gold continues to set record highs, eclipsing the effects of recent volatility. Kingman Minerals (TSX.V: KGS), a Canada-based mining company focused on the acquisition, exploration and development of gold and silver properties in North America, is planning to increase gold production in anticipation of rising prices by sourcing and developing historic mining sites for new drilling campaigns that extract the remaining wealth using innovative, safe and cost-effective technology.
The price of gold recently took a “plunge” according to experts at Forbes closing at nearly $1,900 at the time of printing. While the noted drop in the price was substantial, this level is still among the highest seen so far in 2020, and not far off from its record high of $1,921 last seen in…
NOTE TO INVESTORS: The latest news and updates relating to KGS are available in the company’s newsroom at http://ibn.fm/KGS
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