Gold is likely to remain silent, but it may catch up later.

Gold reached as high as $1,817/oz on Thursday, the highest in nearly three months.

Construction of a solar project is expected to begin in the second quarter of 2021 and will generate over 20% of the mine's average electricity consumption.

High prices for metals extracted by Sibanye, including gold, platinum, palladium and rhodium, have boosted profits.

The Junior Minerals Exploration Incentive converts tax losses into exploration credits for investors and provides a tax offset for junior mining companies.

The results came from holes drilled as part of the 270,000-metre program to grow resources.

The first quarter of 2021 has been a strong one, with gold production 9% over guidance at 220,644 oz.

The gold market is discounting Treasury Secretary Janet Yellen's prior remarks about needing rate increases.