To date, over 80% of the holes drilled into the LP fault, Dixie Limb and Hinge zones returned visible gold, with the mineralization in the form of free gold, and not bound to or within sulphides.

The section includes higher-grade intervals, such as 1.2 metres of 182 g/t silver and 5.46 g/t gold (7.99 g/t gold-equivalent).

Miners are opting to give more cash back to shareholders rather than plotting takeovers.

The world’s largest 50 investment banks are on track to double their income from precious metals this year.

Spot gold dropped 3.3% to its lowest since late July, while US gold futures fell 2.7%.

Prominent investors are seeking to make changes at gold mining firms to better align the interest of managers, boards and shareholders.

Company’s Tasiast mine in Mauritania produced 391,097 ounces of gold equivalent in 2019.

Company expects annual production including its South African assets of between 3.03 million ounces and 3.10 million ounces.