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Higher gold prices push gold mining stocks up; M&A activity expected

Despite rise in prices, some industry consolidation seems likely in the near term

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Uma Devi

Uma Devi

Published Wed, Aug 12, 2020 · 09:50 PM

    Singapore

    GOLD prices recently hit an all-time high above US$2,000 an ounce, but gold miners may not be reaping the benefits of higher selling prices.

    Chris Lim, chief executive of Malaysia-based gold miner CNMC Goldmine Holdings, told The Business Times that the Covid-19 pandemic has adversely impacted the gold mining industry as companies have had to dial back operations amid restrictions imposed by governments around the world.

    Goldcnmc goldminewilton resources

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