GOLD deliveries to Fidelity Printers reached 7,7 tonnes, a 92,5 percent increase during the first quarter of the year compared to 4 tonnes in the prior year.
In their portfolio manager’s digest for the first quarter, Old Mutual Securities (OMSEC) said the performance of the mining sector improved significantly in terms of gold deliveries to Fidelity Printers & Refiners.
“In addition to that, the eight percent jump in the gold price in Q1 2022 should see improvement in terms of export earnings for the quarter. Gold accounted for an estimated 18,55 percent of the country’s export earnings in 2021,” said OMSEC