Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Goliath Gold, a thinly traded African exploration company this week reported a deepening loss for the year to end-March as it pushes ahead with drilling programmes at its Johannesburg East Rand assets.
Gold One spun out its deeper assets into Goliath, which was formerly White Water Resources, in a R262m ($35m) deal that will give Gold One 71% of the new company.
BusinessDay – Goliath Gold drills on as losses mount:
Goliath has warned it will close the operational Sub Nigel mine, which acted as a training centre for Gold One’s new Modder East mine, because of uncontrolled flooding at nearby Grootvlei mine.
