Asset Phase News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Increasing purchasing power, primarily due to falling unemployment and fiscal stimulus, is creating inflationary pressures in the United States. This makes the backdrop favorable for gold because this precious metal tends to perform well in an inflationary environment, providing a hedge against economic uncertainty. Hence, we think investors seeking to capitalize on the yellow metal’s turnaround should consider betting on mining stocks Centamin (CELTF), DRDGOLD (DRD), and Jaguar Mining (JAGGF).These companies are well-positioned to deliver significant returns. Read on.

22 April 2021 | 07:30am StockMarketWire.com - Cetamin reported a rise in quarterly gold production and sales that keeps the mining company on track to meet its annual output guidance. Gold production in Q1 was 104,047 ounces, up 53% from Q4, but down 17% from the prior-year period. Revenue rose 53% to US$190 million on gold sales of 106,573 oz, up 34% from Q4, but down 24% from the prior-year period. The rise in quarterly production was driven by 'improved open pit and underground mined grade, resulting in a 34% increase in feed grade; and a 17% reduction compared to the first quarter of 20...