Should the gold price be sustained at $1 400/oz – a level it breached at the start of this week – it could be the beginning of a rebirth of the neglected junior gold mining sector, which has lost significant value over recent years.
This is the view of Canadian gold explorer and developer Orefinders, which said on Wednesday that should gold hold at the key psychological threshold of $1 400/oz for a few months, it would restore confidence to the market and return generalist capital to the sector.