What the Sigma

Gold At 5100 Sparks South Africa Mining Rush


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Gold just hit $5,100 an ounce and while every analyst was modeling Fed policy, an Australian company quietly opened South Africa's first new underground gold mine in 15 years with a break-even around $1,300. West Wits Mining is pulling 70,000 ounces annually from "virgin ground" everyone thought was too expensive to touch—except the math completely flips when gold triples and you're suddenly printing money at 800 meters deep instead of the nightmare 3-kilometer shafts that killed the industry. The Witwatersrand Basin still has 5 million ounces sitting there and every mid-tier company with a concession just woke up.
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What the SigmaBy Grep News | Chad Stacks