Gold surged to new record highs in 2020, breaching the $2 000 / oz. mark in early August, after excellent, sustained commodity performance since the end of 2018.

This is welcome news for gold investors and mining companies as the price increase translates to improved profitability of mining companies’ existing assets, and can enable companies to scale up development of new developing gold mines.

Of Africa’s 788 gold mining projects, 190 are in early development (Grassroots through Feasibility). Expect considerable movement across these gold mining projects across the continent in the near future.

Gold miners with strong assets, expansion and exploration opportunities and lower production costs are seen as the most attrexecutable choices for gold mining stock (including royalties, exchange traded funds, etc.). These miners can leverage the highest gains from the metals’ increase in value, and therefore further develop strategic assets faster.