Global Business Reports


Alfonso Tejerina, Ben Cherrington, Lucrezia Falcidia, Margarita Todorova

Gold Report 2020/2021

July 23, 2020

Gold’s fire was burning brightly before the novel coronavirus outbreak, appreciating 18.4% in US dollar terms in 2019, but the COVID-19 pandemic has doused this fire with fuel, as the world begins to grasp the true extent of the economic fallout that lies in its path. The so called ‘summer doldrums', where precious metals usually drift listlessly, were shattered in late July as gold soared to an all time high of US$1,933/oz. The question now is, how high can it go?

Global Business Reports’ first gold-focused digital report will cover the themes impacting supply and demand dynamics for the precious metal currently on the rise. Through interviews with the World Gold Council, investors, producers, developers and explorers, we look at how increasing investor appetite is making up for lackluster consumer demand, the impact of geopolitical tension on gold, and its position as a strategic asset, as well as finding out first-hand how those involved in its supply value chain are taking advantage of this nascent bull market.


Tintic Consolidated Metals explains to GBR how it is exploring the its’ vast gold/copper project in the Tintic district in Utah.
Minera Alamos outlines progress at its Santana gold project in Mexico.
Thor Explorations is reviving Nigeria’s gold mining industry with the construction of its Segilola gold project.
Altamira is making the transition from an exploration to a production company at the perfect time for the price of gold, and an opportune time in Brazil – a pro-mining country that has streamlined its permitting processes.


Mexico Chemicals 2024

In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.



"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."