In case you’ve been distracted by everything else going on in the world, gold has been on the rise: Its per-ounce price started the year at around $1,525, and has now surpassed $2,000. The trend looks set to continue. Why? Several factors have come together to make it a great year for the precious metal.
In 2019, major gold producers — known in the industry as senior mining companies — hit record production levels that enabled a series of mergers and acquisitions. And even though COVID-19 has disrupted operations and affected public markets, mining companies listed on Canadian markets have seen an 80 percent growth in year-to-date financing — from approximately $1 billion in March 2019 to $1.8 billion in 2020.
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.