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Kingman Minerals Ltd. (TSX.V: KGS) Set to Benefit as Gold Prices Rally

Jun 29, 2020 (MENAFN via COMTEX) --

(MENAFN - Investor Brand Network)

  • Gold prices have risen by nearly 15% in 2020, reaching levels last seen in 2011, following deluge of monetary, fiscal stimulus across globe
  • During global financial crisis of 2008, gold prices rallied by 34% while index of gold mining companies saw its value rise by over 100%
  • Kingman Minerals has secured 72 lode claims in area spanning nearly 1,500 acres in Arizona's Mohave County

During a quiet summer morning in August 2011, gold prices hit their historical peak - sharply rising to $1,917.90/oz. Nine years ago, gold prices were on a tear; the precious metal had rallied by 32.3% in eight months, driven by fears that rising sovereign debt levels and unprecedented levels of monetary debasement would lead to a gargantuan spike in inflation ( http://nnw.fm/jDEP8 ). However, it would take nearly a decade - and a global health pandemic - for gold prices to return to their former heady heights. The recent appreciation in gold prices coupled with the metal's vast upside potential has sparked renewed investment interest in mining companies; Kingman Minerals (TSX.V: KGS) , a Canadian-listed gold miner with extensive claims in key mining jurisdictions spanning the North American continent, is poised to be among the biggest beneficiaries of the trend.

In late 2007, the global economy was beginning to witness the initial fault lines of the impending downturn - however, few could have predicted the speed and ferocity of the financial crisis to come. By October of that year, the Fed had responded to the ongoing liquidity crisis by slashing the United States' benchmark interest rate to…

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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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