Gold has stood the test of time proving it to be a stand-out performer in 2020 following the onset of COVID-19. March saw the price of the yellow metal fall to US$1,486 per ounce before rising by a stunning 40 per cent to hit an all-time US$2,067 per ounce high in August. What does 2021 hold for gold?
Explorers Kin Mining, Mindax and Bryah Resources have each launched capital raisings today, with the majority of the proceeds to advance drill programs in Western Australia, while Chile-focused Tesoro Resources is seeking funds to advance its El Zorro gold project.
Perth-based explorer Tesoro Resources will begin trading on the Australian Securities Exchange tomorrow after completing a backdoor listing, an outcome that's been increasingly rare of late.
