Kingman Minerals (TSX.V: KGS), a Canada-based company engaged in the acquisition, exploration and development of gold and silver properties in North America, is strongly positioned as a safe investment opportunity amid the current financial climate. According to a Yahoo Finance article, gold prices have increased 15% in 2020, exceeding the threshold of $1,700 per ounce for the first time in seven years (http://nnw.fm/xFmr6). A recent article discussing the company reads, “The Yahoo article, titled ‘Gold Mining Stocks’ Outlook Bright on Coronavirus Fears,’ noted that, because of COVID-19, the global economy has been upended, resulting in gold seeing its best performance since 2010, increasing as much as 20%, with analysts predicting a continued increase. Calling gold a ‘safe-haven asset,’ the article concluded by stating, ‘Gold will continue to be the preferred investment option supported by the environment of low interest rates and coronavirus-induced global slowdown. Lower mined gold supply, higher demand and geopolitical tensions are likely to drive prices north, which bodes well for goldminers.’”
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About Kingman Minerals Ltd.
Kingman Minerals is currently engaged in the business of precious-metal mineral exploration for the purpose of acquiring and advancing nongrass-roots mineral properties located in mining friendly jurisdictions of North America. The Mohave Project is located in the Music Mountains in Mohave County, Arizona, and is comprised of 20 lode claims that are inclusive of the past-producing Rosebud Mine. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. For more information, visit the company’s website at www.KingmanMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to KGS are available in the company’s newsroom at http://nnw.fm/KGS
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