FinancialBuzz.com’s latest Behind the Buzz Show: Featuring Our Corporate Overview on Clarity Gold Corp.
Clarity Gold Corp. (CSE: CLAR) is a Canadian mining exploration company focused on the acquisition, exploration and development of gold projects in Canada. The Company has an option agreement to purchase a 100% interest in the highly prospective Empirical Property located in the Lillooet Mining Division, approximately 12km south of Lillooet, British Columbia. Clarity is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “CLAR”.
Gold played an important role in financial markets during the time of the COVID-19 pandemic. According to the latest trade data from the London Bullion Market Association (LBMA), as of the end of March, London vaults held a record high of 8,515 tons of gold, valued at a record high of USD 440.5 Billion. The vaults also help a record high of 36,570 tons of silver, valued at USD 16.4 billion. According to Kitco News, the investment research firm CFRA is bullish on gold, saying the macroeconomic backdrop may be the strongest ever amid the global pandemic. “In our view, gold is the best hedge against economic uncertainty in general and, more specifically, against fiscal deficit, negative-yielding bonds, fiat currency debasement and potential inflation,” the report said. “Although equity markets are attempting a strong bounce-back from the steep declines in the first quarter, there is a disconnect between the current recovery and the economic reality and the recent strength in equities could be underestimating the risk of a subsequent outbreak.”
As such, Canada, which is among the world’s largest producers of minerals and metals, has found itself in the center of attention. Gold is mined in nine Canadian provinces and territories, and is the highest valued commodity produced in Canada by value of production. According to data provided by the Canadian governments, Canadian mines produced an estimated 183 tons of gold in 2018, which represents an 88% increase over production in 2009.
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