Brazilian Gold
The supply chains for gold are complex. Italy and Germany import gold from Brazil.
All the gold that Germany imports from Brazil, as well as 71 percent of Italy’s imported gold, comes from areas of the Amazon. Illegal mining is widespread there. Achieving transparency in gold supply chains is not easy. Gold is easy to smuggle, is interchangeable worldwide, and its traceability is often difficult. There are black sheep everywhere, including in the gold sector. This is why due diligence checks are so important in order to gain knowledge about the supply chains. Conflict and risk areas such as Brazil are a particular focus. In any case, Germany imported around 1.3 tons of gold from Brazil from the state of Amazonas in 2023. Italy imported almost 360 kilograms of gold last year, including from the states of Pará and Sao Paulo. Illegal gold mining has increased sharply there in recent years. Sao Paulo, for example, produces no gold at all, but is a major transshipment point for gold sales and exports. The European Union is trying to crack down on sales from illegal sources with strict rules. The main importer of Brazilian gold is Canada. The gold is exported from legally licensed mines. The second largest buyer of Brazilian gold is Switzerland. Great Britain is in third place. Switzerland’s gold imports from Brazil, around 70 percent of which go to the EU, are said to also contain gold from illegal mines.
If investors focus on mining stocks, then they know where the gold comes from. Fortuna Mining and Vizsla Silver, for example, own gold and silver in their underground mines.
Fortuna Mining – – (formerly Fortuna Silver Mines) is already a successful producer. The projects are located in Mexico, Peru, Burkina Faso, Argentina and the Ivory Coast.
Also Vizsla Silver – – has gold and silver, the Panuco project is also located in Mexico. Even visible gold was found there.
Current company information and press releases from Vizsla Silver (https://www.resource-capital.ch/de/unternehmen/vizsla-silver-corp/) and Fortuna Mining (https://www.resource-capital.ch/de/unternehmen/fortuna-mining-corp/)
In accordance with Section 34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that a potential conflict of interest therefore exists. No guarantee is given for the translation into German. Only the English version of these messages applies.
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