Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.
The Canadian miner also said it has obtained better terms for concentrate sales from the project, which are likely to add 15,000 ounces of payable gold production a year.
The rate hike happened and gold sprang into action, just as I expected. The move was stronger and came out of near record volumes, which shows just how many speculators were waiting for this opportunity. There is very good interest in gold these days, folks.