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Gold broke out to new record highs on Thursday as it triggered an inside day breakout followed by a rise above the previous record high of 2,212. This clears the way for gold to accelerate to the upside as the bullish wedge breakout follows through. In addition to the new high breakout gold is on track to close strong, in the upper quarter of the day’s ...
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On February 28 Harmony Gold approved the R7.9bn deepening of its Mponeng mine, in Carletonville, west of Joburg. Once the capital work is complete in 2030, the South African miner will be operating at a depth of about 4.1km, making the world’s deepest mine even deeper. The scale and ambition of the Mponeng “extension” — Harmony has forbidden the use of the ...