The good gold price is providing much more capex confidence, says chief financial officer
The good gold price is providing gold mining companies with much more confidence to execute capital programmes, and a sentiment doing the rounds is that South Africa should, in every respect, make the most of it while it lasts. Many brownfields gold-mine extensions will now likely make economic sense and the assumption is that at least portions of better cashflows will be deployed to fund further on-strike probes as well as the maximum recovery of gold from on-surface tailings.
The good gold price is providing gold mining companies with much more confidence to execute capital programmes, and a sentiment doing the rounds is that South Africa should, in every respect, make the most of it while it lasts. Many brownfields gold-mine extensions will now likely make economic sense and the assumption is that at least portions of better cashflows will be deployed to fund further on-strike probes as well as the maximum recovery of gold from on-surface tailings.
