NEWMONT CORP. DL 1_60

Commented by Mario Hose on February 25th, 2020 | 14:27 CET

Barrick Gold, B2Gold, Newmont - who buys which gold explorer?

• Gold

The price of the troy ounce of gold is at its highest level in seven years. Currently, the precious metal costs around USD 1,650.00. The value of the troy ounce has thus increased by more than 30% in the past 12 months from under USD 1,270.00. Because the precious metal is considered a safe haven in uncertain times, it is clear how much investor uncertainty must have increased in recent months. As a result, margins and profits are rising for gold producers. The more that is mined, the more reserves must be discovered or acquired in order to continue producing gold in the future.