Stronger prices lift Mupane Gold as COVID-19 clips output

BusinessWeek has learnt that the mine’s operations near Francistown, however, still expect a strong financial performance as gold prices have soared this year, at one point even topping $2,000 an ounce, their highest level in history.

Gold, seen as a safe haven investment in turbulent times, has risen by more than 30% this year, as investors seek it out to secure value and also buffer themselves for the expected rise in inflation later, when the trillions of dollars being pumped in COVID-19 responses by countries push prices up.