Ghana Mining Report - Business Monitor International - Industry Reports

Ghana Mining Report

Ghana Mining Report - Business Monitor International - Industry Reports
Ghana Mining Report
Published Aug 06, 2016
54 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

On July --, Gulf Shores Resources announced the signing of a Letter of Intent with Goldplat PLC for the right to earn -- of Goldplat s interest in the Anumso gold project by expending US$-.-M on exploration over -.- years On April --, Cardinal Resources Ltd (Cardinal) added two more drill rigs at the firm s Namdini project ahead of a Q-, ---- exploration target announcement. Currently, Cardinal has three projects in Ghana, namely the Namdini, Bolgatanga and Subranum mines. ...We have raised our gold price forecasts for ---- to USD-,--- per ounce (/oz) from USD-,---/oz. A recalibration of expectations for the global monetary policy trajectory by investors and equity market turmoil has combined to create a more positive environment for gold prices than we previously anticipated. We have revised up our production forecasts and expect output to grow from -.-- million ounces (moz) in ---- to -.--moz by ----, which would represent an average annual growth of -.- during this period. ...We have revised up our production forecasts and expect output to grow from -.-- million ounces (moz) in ---- to -.--moz by ----, which would represent an average annual growth of -.- during this period.

...On July --, Gulf Shores Resources announced the signing of a Letter of Intent with Goldplat PLC for the right to earn -- of Goldplat s interest in the Anumso gold project by expending US$-.-M on exploration over -.- years. On April --, Cardinal Resources Ltd (Cardinal) added two more drill rigs at the firm s Namdini project ahead of a Q-, ---- exploration target announcement. ...We have raised our gold price forecasts for ---- to USD-,--- per ounce (/oz) from USD-,---/oz. A recalibration of expectations for the global monetary policy trajectory by investors and equity market turmoil has combined to create a more positive environment for gold prices than we previously anticipated. We have revised up our production forecasts and expect output to grow from -.--mn ounces (moz) in ---- to -.--moz by ----, which would represent an average annual growth of -.- during this period. ...A recalibration of expectations for the global monetary policy trajectory by investors and equity market turmoil has combined to create a more positive environment for gold prices than we previously anticipated. We have revised up our production forecasts and expect output to grow from -.--mn ounces (moz) in ---- to -.--moz by ----, which would represent an average annual growth of -.- during this period.

...Over the last decade, Ghana s gold sector has attracted interest from global mining companies that seek alternatives from traditional gold producers such as South Africa, where gold reserves are dwindling and costs are rising. Despite this dynamic, three key factors will limit the country s gold output growth over the coming years. ...

  
Source:
Document ID
1755-7801
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Ghana Mining Report" Aug 06, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ghana-Mining-Report-2026-500>
  
APA:
Business Monitor International - Industry Reports. (2016). Ghana Mining Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ghana-Mining-Report-2026-500>
  
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