www.bloomberg.com
South Africa inaugurated its first new underground gold mine in 15 years on Thursday, hoping to profit from gold’s unprecedented price surge. The mine represents a significant investment in the country’s gold mining sector, which has faced challenges in recent years. The opening signals renewed confidence in South Africa’s gold reserves and its potential to contribute to the global gold supply, while capitalizing on the favorable market conditions driven by high gold prices. This venture could revitalize the industry and create new economic opportunities within the region.
