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Dec. 2, 2021, 8:35 a.m. EST

As the Market Sputters, Will Gold Reach New All-Time Highs

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Dec 02, 2021 (Financial News Media via COMTEX) -- Palm Beach, FL - December 2, 2021 – FinancialNewsMedia.com News Commentary – Gold has again risen to all-time highs because investors have again rushed to its traditional 'safe haven'. It rises not despite the pandemic... but because of the global crisis. The trading price is predicted by many to continue to soar and miners are also looking to increase production. After a record year, gold is bound to see more gains in the medium and long-term, according to the CPM’s Gold Yearbook. The CPM Gold Yearbook 2021 contains definitive and detailed statistics and analysis on the international gold markets. The pandemic has changed the world, making some of the existing problems even worse and setting gold up to benefit, the CPM Group said. “While the pandemic will eventually pass, it has left the world changed and has in fact compounded and worsened some of the factors that are supportive of gold prices,” the CPM Group said. The biggest drivers that will support gold as the world reopens include sovereign and private sector debts, deficits, and ultra-loose monetary policies. Governments around the world will struggle to reverse the fiscal policies introduced as a response to the pandemic, said the CPM Group, citing lackluster economic growth in coming years. “This scenario positions gold well for further gains in the medium to long term,” the Yearbook stated. “The pandemic has deepened these problems and will make it harder to reverse some of these issues, which will help to keep investors interested in the metal.” Active stocks in the mining markets this week Clarity Gold Corp. (otcpk:CLGCF) /zigman2/quotes/219302342/delayed CA:CLAR -3.85% , Kinross Gold Corporation /zigman2/quotes/208295151/composite KGC +2.88% /zigman2/quotes/200423011/delayed CA:K +2.61% , IAMGOLD Corporation /zigman2/quotes/209642463/composite IAG 0.00% /zigman2/quotes/206182143/delayed CA:IMG -0.36% , Newmont Corporation /zigman2/quotes/205356474/composite NEM +0.31% /zigman2/quotes/211552405/delayed CA:NGT -0.26% , Gold Fields Limited /zigman2/quotes/203666867/composite GFI -1.04% .

The CPM Group projects a softer U.S. dollar in 2021 but does not see a total currency collapse. “Investor demand will also remain strong this year, with net additions holdings projected to reach 42.8 million ounces." A report from MarketsAndMarkets projected that The global gold mining market is forecast to grow from $214.1 billion in 2021 to $249.6 billion by 2026, at a compound annual growth rate (CAGR) of 3.1% for the period of 2021-2026.

Clarity Gold Corp. /zigman2/quotes/219302342/delayed CA:CLAR -3.85% /zigman2/quotes/220239925/composite CLGCF +5.53% BREAKING NEWS: CLARITY GOLD REPORTS HIGH GRADE GOLD INTERCEPTS, INCLUDING 39.29 g/t Au over 0.5 m – Clarity Gold Corp. ("Clarity" or the "Company") is pleased to announce the third tranche of analytical results from the approximately 10,800 meter diamond drill program at the Destiny Project in the Abitibi Greenstone Belt.

Selected Intercepts DAC Zone

DES21-164: 0.76 g/t Au over 36.65 m and 0.44 g/t Au over 55.9 m

DES21-169: 0.42 g/t Au over 43 m and 1.04 g/t Au over 14.45 m

DES21-170: 1.22 g/t Au over 30 m including 8.85 g/t Au over 2.55 m and 39.29 g/t Au over 0.5 m

DES21-171: 1.34 g/t Au over 14.25 m and 0.78 g/t Au over 37.25 m

Selected Intercepts Gap Zone

DES21-165: 0.32 g/t Au over 25.5 m and 0.34 g/t Au over 24 m

DES21-167: 1.32 g/t Au over 9.6 m including 5.05 g/t Au over 1.6 m

The results in this press release are from holes completed on the central portion of the DAC Zone and Gap Zone that were designed to infill and confirm the mineralized structure and anticipated mineralization identified in historic drilling. The results of this drilling will play an important role in understanding the distribution of mineralization.

"The results from this batch of diamond drill holes further confirm the presence of mineralization in the DAC Zone and western portions of the Gap Zone." stated CEO, James Rogers. "These results will contribute to the ongoing understanding of the mineralized structure at Destiny while we continue to advance our flagship project."

It should be noted that drill hole DES21-168, not mentioned herein was previously discussed in the News Release dated September 15 [th] 2021. This describes in further detail the deepest drilled mineralized intersection yet encountered at the Destiny Project.

All drilling on the project mentioned in this disclosure have intercepted anomalous gold and confirmed the presence of the quartz carbonate altered and mineralized shear zone. Gold occurs as free gold and in association with pyrite and chalcopyrite as observed in thin section and in drill core. CONTINUED...Read this entire release along with tables for the Clarity Gold at: https://www.financialnewsmedia.com/news-clar/

Other recent developments in the mining markets include:

/zigman2/quotes/219302342/delayed
CA : Canadian Securities Exchange
$ 0.13
-0.0050 -3.85%
Volume: 78,000
May 16, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.66 million
Rev. per Employee
N/A
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/zigman2/quotes/208295151/composite
US : U.S.: NYSE
$ 4.28
+0.12 +2.88%
Volume: 18.82M
May 16, 2022 4:00p
P/E Ratio
24.60
Dividend Yield
2.80%
Market Cap
$5.37 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200423011/delayed
CA : Canada: Toronto
$ 5.50
+0.14 +2.61%
Volume: 3.55M
May 16, 2022 4:28p
P/E Ratio
25.35
Dividend Yield
2.79%
Market Cap
$6.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209642463/composite
US : U.S.: NYSE
$ 2.18
0.00 0.00%
Volume: 7.52M
May 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.04 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206182143/delayed
CA : Canada: Toronto
$ 2.80
-0.01 -0.36%
Volume: 1.14M
May 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.35 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205356474/composite
US : U.S.: NYSE
$ 65.45
+0.20 +0.31%
Volume: 5.96M
May 16, 2022 4:00p
P/E Ratio
49.60
Dividend Yield
3.36%
Market Cap
$51.79 billion
Rev. per Employee
$395,065
loading...
/zigman2/quotes/211552405/delayed
CA : Canada: Toronto
$ 84.07
-0.22 -0.26%
Volume: 143,997
May 16, 2022 4:00p
P/E Ratio
51.25
Dividend Yield
3.35%
Market Cap
$67.05 billion
Rev. per Employee
$495,332
loading...
/zigman2/quotes/203666867/composite
US : U.S.: NYSE
$ 11.46
-0.12 -1.04%
Volume: 5.36M
May 16, 2022 4:00p
P/E Ratio
12.78
Dividend Yield
2.23%
Market Cap
$10.18 billion
Rev. per Employee
$1.61M
loading...
/zigman2/quotes/219302342/delayed
CA : Canadian Securities Exchange
$ 0.13
-0.0050 -3.85%
Volume: 78,000
May 16, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.66 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/220239925/composite
US : U.S.: OTC
$ 0.10
+0.0052 +5.53%
Volume: 8,200
May 16, 2022 3:11p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.83 million
Rev. per Employee
N/A
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