Highlights from the latest drilling at the deposit intersected 16 metres grading 26.5 grams gold per tonne from 233 metres, including 2 metres of 115.3 grams per tonne.

Mining profits reach $230 billion a year, topped only by oil & gas, pharma; Lithium prices continue to soar – up 88% in 2021; Massive new port could give Vale back iron ore crown.

Northam said the dollar basket price of the main minerals it mines surged by nearly 50%.

After a decade in the doldrums, South Africa’s key platinum industry reported windfall profits last month as supply deficits pushed palladium and rhodium to record highs.

The company intends to use the net proceeds from the offering for general corporate purposes.

Extension plans are expected to cost up and related to $250-million to increase output to 200 000 oz.