The Australia-focused gold explorer’s stock has lost its upward momentum of late, with it down 27% since mid-September, after it succumbed to weakening market sentiment as investors pullback amid Covid-19 concerns.
Shares in the gold miner are rising and could continue their ascent after the company’s latest drilling report from its Havieron deposit in Western Australia indicated the site could deliver bulk tonnage of the precious metal.
Copper has long been used as a yard stick to measure world economic growth, but even though the metal is expected to see a ‘supercharged’ recovery in the latter half of 2020 many analysts remain sceptical over the long-term.
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