Precious Metals
South Africa must go all out to maximise gold production while high gold price lasts
All the indications are that geopolitics will keep the gold price at the exceptionally high level it now finds itself at, which creates scope for turning more gold to positive account. Reports indicate that South Africa’s gold output could, without doubt, be uplifted. In addition, South Africa is very fortunate to have a gold refinery that is not only world-leading but also has the capacity to refine and export considerably more gold through long-established supply chains.
Many are also pointing to known yet unexploited gold orebodies that can be turned to very positive account even with gold at the $2 000/oz mark let alone the $3 000/oz-plus level now common place with no signs of a lowering in sight. On the contrary, projections of gold hitting the $4 000/oz are now a regular forecast.
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