Crescat Capital’s global macro analyst Otavio ‘Tavi’ Costa thinks we are in the early stages of a major bull market for precious metals, and that is good news for one unloved group of stocks.
Earlier this week, we reported Goldman Sachs now forecasts record gold prices within the next 12 months. Well, Goldman isn’t the only mainstream player turning more bullish on gold. In a note published Tuesday, Bank of America said gold can hit record highs before the end of 2020 if its rally continues to breach key […]
Gold has continued to rise of late as a resurgence of coronavirus cases, particularly in the U.S., has dented some of the investor optimism about the speed of a post-pandemic recovery.
Harmony Gold (JSE: HAR) (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partly fund its acquisition of rival AngloGold Ashanti’s (NYSE: AU) (JSE: ANG) assets in South Africa.
The Randfontein-based gold producer issued more than 60 million new ordinary shares at a price of 57.50 rand apiece on Wednesday. Harmony said it represented roughly 11% of its issued ordinary share capital before the placing.