Tag: gold prices
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Gold mining firms anticipate increased returns as the commodity’s price rises
The coronavirus pandemic is hitting the economies of many countries, and affecting sectors such as aviation, trade, oil and gas and tourism; nonetheless, gold mining companies are making gains. Players in the sector say they’re anticipating increased returns in the wake of the pandemic, as the price of the commodity has witnessed increases over the…
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Mining firms expectant of gold price boom as prices pick up
Mining companies are expecting gold prices to sustain the increase for this year to impact on their profits. The price of the commodity has since 2016 failed to see significant increases as projected by mining firms. The drop in price has affected the profits of the mining industry which has also impacted their contribution in…
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Mining firms reduce targets for gold prices
Gold mining companies have disclosed that the declining price of gold on the international market has compelled them to adjust their operational strategy and forecast. The businesses also explain that the development has made them reduce their revenue expectations for their operations. The price of gold on the international market has been declining for some…
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Unstable gold prices affecting mining sector – Chamber of Mines President
The Ghana Chamber of Mines has stated that current fluctuations in the prices of gold on the global market, make it difficult to put a definite price on the commodity. The Chamber argues that the development also makes it challenging for mining companies and other industry players to make informed decisions using the price of…