One of many Central Banks betting on Gold – Ecuador

The program adheres to the highest environmental standards while prioritizing transparency and accountability. A crucial element of the program is the due diligence process, which both strengthens participant activities and reduces the risk of illegal actions. Mining companies are visited on-site by officials from the central bank offices, following due diligence practices aligned with the London Bullion Market Association (LBMA).

Ecuador’s gold acquisition program began in 2013 and has since increased the country’s reserves by more than $534 million. The program aims to expand gold purchases further, reduce dependency on the U.S. dollar, and strengthen international reserves. Ecuador is just one example of many central banks, particularly in emerging markets, working to increase their gold reserves. This trend is a positive factor for the gold price and companies with gold-focused mining projects, such as Revival Gold and Fury Gold Mines.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – is advancing gold mining projects in the western United States. Notable highlights include the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho.

Fury Gold Mines – https://www.commodity-tv.com/play/fury-gold-mines-focus-on-eleonore-south-exploration-and-looking-for-a-partner-for-committee-bay/ – operates in Nunavut and Quebec, is well-funded, and boasts a multi-million-ounce gold platform. The Eau Claire project has already revealed over 12 grams of gold per ton of rock.

For the latest company updates and press releases, visit Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/fury-gold-mines-ltd/ -).

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