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WhatsAppGet PriceGet A QuoteSouth African mining company Gold Fields said on Wednesday that surging gold prices could catapult its half-year profits by more than 300 percent, triggering a ten percent rally in its shares. The company, which earlier predicted that the coronavirus pandemic would have a limited negative impact on its performance, now says it could reap hefty gains due to rising gold prices.
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WhatsAppGet PriceGet A QuoteMining in South Africa was once the main driving force South Africa''s gold exports were valued at US$3.8 billion in 2005. As of end-2018, South Africa had a potential 6000 tonnes of reserves. In July 2018, Mineral Council of South Africa announced, 75% of mines in South Africa are now unprofitable due to decline in gold reserves. [citation needed] Among the nation''s gold mines are two of
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