Record bullion prices give South African gold miners a lifeline, but risks remain

Record bullion prices give South African gold miners a lifeline, but risks remain

Record bullion prices give South African gold miners a lifeline, but risks remain

Record bullion prices give South African gold miners a lifeline, but risks remain

Soaring gold prices are helping mining companies to cut debt with many seeing a jump in revenues and healthy dividends on the horizon. (AFP)

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Record bullion prices give South African gold miners a lifeline, but risks remain

While power cuts and regulatory uncertainty have always hung over operations, the mining sector is also battling rising COVID-19 cases in underground mines where social distancing is a challenge

Updated 08 August 2020

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JOHANNESBURG: South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.

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