Soaring gold boosts mineral sales despite falling output
Amid decreasing production, income in July more than doubled from previous year
25 September 2024 - 05:00
Elevated gold prices have been a saving grace for SA’s mining sector in recent months, driving big increases in mineral sales and offsetting the steady decline in the country’s gold production.
Gold prices surged to a high on Tuesday as a cocktail of factors, from hopes of further US rate cuts and China stimulus measures to elevated Middle East tensions, lifted demand, Reuters reported. Spot gold hit a record high of $2,639.95/oz earlier in the day...
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