UPEC’s interest in gold mining
UPEC has expressed a strong interest in gold doré mining. Gold doré, a semi-purified alloy primarily composed of gold, is typically produced through mining operations and metal recycling processes.
Typically, Gold Doré bars contain between 50% and 75% pure gold, serving as an intermediate product in the transformation from raw gold ore to fully refined bullion. This stage represents a crucial phase in the gold production value chain, where extracted materials are refined to meet market standards for high-purity gold.
UPEC recognizes West Africa’s pivotal role as one of the world’s leading sources of gold and its substantial contribution to the global gold supply. The company also acknowledges the significant economic impact of gold mining, including job creation and the advancement of infrastructure development across both the United States and Africa.
Following a brief decline in retail sales, the recent resurgence in gold’s market value has prompted investors to reassess its potential as a lucrative asset. The initial downturn led to a weaker U.S. dollar and lower interest rates on government bonds, commonly known as Treasury yields. This financial shift has renewed investor confidence in gold as a compelling investment opportunity.
